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To analyze the implications of the
globalisation process on ethical
responsibilities of businesses.

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ruestion: What is the truest definition of Globalization?
Answer: Princess Diana's death.

ruestion: How come?

Answer: An English princess with an Egyptian boyfriend
crashes in a French tunnel, driving a German car with a
Dutch engine, driven by a Belgian who was drunk on
Scottish whiskey, followed closely by Italian Paparazzi,
on Japanese motorcycles, treated by an American
doctor, using Brazilian medicines! And this is sent to
you by an American, using Bill Gates' technology Which
he enjoyed stealing from the Japanese. And you are
probably reading this on one of the IBM clones that use
Taiwanese-made chips, and Korean-made monitors,
assembled by Bangladeshi workers in a Singapore plant,
transported by lorries driven by Indians, hijacked by
Indonesians, unloaded by Sicilian longshoremen,
trucked by Mexican illegal aliens, and finally sold to you.
     
 

 
    

 
  
  
 
 
 

 
  
 
   



   


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In the business world, globalisation affects:
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The main impact of globalisation on business ethics
is the reinforcement of cultural
differences/diversity.

Cultural diversity imposes a challenge on

organisations to deal with different ethical and
moral standards around the world.

This means that should companies adopt the

standards of the country with which they are
doing business or should they remain faithful to
the standards of their own country?
ïow can an ethical attitude be
adhered to, which, at the same time,
sustains the values of the
organisation, respects the values of
each society within which the
company establishes business
relations and furnishes a coherent
global activity?
Rn order to reach such coherence, global companies
need to seek a kind of ethics that is also global.

SA8000: Focuses on ïuman Rights & Rights of

Children
AA1000: Focuses on linking social & ethical issues to
strategic management and operations of the
organisation

Although the above mentioned norms can serve as a

basis for company conduct, but they are not
enough.

Companies need to develop its own norms, applicable

to its own particular case.