Monthly Archives: September 2014

Talking about Business Ethics

Business ethics is also called corporate ethics, which is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment (Business Ethics (Stanford Encyclopedia of Philosophy) Plato. Stanford.edu. 2008-04-16). In my opinion, business ethics can be regarded as a system formed in people’s mind, which has a standard of morality. In other words, people will judge a businessman from not only his achievements in work, but also the ways and process during the period he reached his goal.

After reading the six pages in the chapter “The Social Responsibility of Business is to Increase Profits” of the book “Corporate Ethics and Corporate Governance”, I get some ideas about business ethics. According to the content, I understand and agree with the author’s opinion, which demonstrates that it is a kind of social responsibility for the bosses of firms to benefit every shareholders as much as possible by respecting different culture in different regions and countries. Also, to keep a market stability, businessmen have to do everything legally, if not, the crime of fraud or deception would take away all assets they owned. What’s more, a good manager will take good care of stockholders, customers, and employees, all of them will be benefited from every trades.

Talking about a business ethics news story last year, I would like to talk about the cyber-attacks. Last year, some companies like Facebook, Twitter, and Apple have voluntarily gone public with their security troubles. However, there are still some companies like Coca-Cola, Exxon Mobil, and some others that do not want to be transparent to the costumers. In fact, the behavior of different companies will affect customers feeling a lot because they are facing the wall of trust. That can be regarded as a type of business ethic, people have their own criteria to determine how good a company is, and if they choose to follow the company, they must believe in it. This is a good business ethics news story, as I think.

images 1

References:

http://en.wikipedia.org/wiki/Business_ethics#cite_note-1

http://site.ebrary.com/lib/ubc/reader.action?docID=10187339&page=171

http://www.scu.edu/r/ethics-center/ethicsblog/business-ethics-news/18689/Top-Business-Ethics-Stories-of-2013

http://www.scu.edu/r/ethics-center/ethicsblog/business-ethics-news/15517/CYBER-ATTACKS:-Should-Companies-Admit-They%27ve-Been-Hacked

International Business — Israel Hotbeds for Startups

According to the dictionary, international trade is defined as the exchange of capital, goods, and services across international borders or territories. After seeing the definition, I am interested in one question: does international business act an important role in the changing world? To solve my problem, I searched for the information on the internet, and I found an article that satisfies my needs. I would like to share it with you.

Article address: http://www.referenceforbusiness.com/management/Gr-Int/International-Business.html

“International business is different from domestic business because the environment changes when a firm crosses international borders. Typically, a firm understands its domestic environment quite well, but is less familiar with the environment in other countries and must invest more time and resources into understanding the new environment. The following considers some of the important aspects of the environment that change internationally.”– Betty Jane Punnett

international-business

I would like to talk about Israel according to one article called “What makes Israel a hotbed for startups”. In the article, the writer said that Israel’s startup scene is booming with certain data like “in 2013, Israel produced 1000 new startups”. Even when one business fails, there will be two more to take its place. One reason to explain why this happens is that Israel has the highest density of tech startups in the world, and the most important is that most of them are doing global business straight from Israel! What’s more, Israel government programs also innovate some new ideas and dig enough depth to provide space for new companies, which made Israel a nice startup hotbed.

 

References:

http://www.entrepreneur.com/article/237231