Table of Contents
Question One
Globalization is a broad term. However, the most accepted definition views it as the interaction of people, states or countries through ideas, culture and trade among others (Hill and Hult, 2017). Being that globalization involves the people and nations in general, some of the leading factors that affect globalization are cultural and national differences. Notably, diversity and differences may be advantageous or disadvantageous in some ways. Some of the positive impacts of cultural and national differences are the fact they bring the beauty of diversity. As people interact, the diversity they acquire from various countries or cultures brings a lot of fun and pleasure in general. Businesswise, the attractive cultures obtained from different places may promote activities like tourism (Hill and Hult, 2017).
Equally, the differences in the cultures and nations outline and settings always come with a lot of learning. Here, the difference becomes an integral part of globalization that enables more interaction and the booming of business activities (Sadik-Rozsnyai 2016). As people gain a lot of information during their interactions, it also creates a forum for the sharing of information. Indeed, as people from different cultures interact, they exchange ideas and share their new ideas and concepts with their counterparts from other nations, resulting in associations and business (Hill and Hult, 2017).
In exchanging ideas and information, the various countries can improve their international relations, cultural awareness and the general productive cultural relations (Sadik-Rozsnyai 2016). Such achievements enable the people from the different regions or countries to fit in any nation and culture. Such facts are triggered by the cultural awareness and the knowledge of the various country`s systems of operations. Again, this always enables a person from any part of the world to fit in any society as well as any nation (Hill and Hult, 2017).
On the other hand, cultural and national differences come with their share of challenges. One of the main difficulties is the glaring differences in the operation in the various countries and cultures (Sadik-Rozsnyai 2016). Some practices are acceptable in some countries. However, the accepted cultures may also be unacceptable in some other places, leading to an obstacle to the increase of globalization. In some cases, the impact of these differences can be the extent that they hinder international relations, businesses and in general hurt globalization (Sadik-Rozsnyai 2016).
Equally, beliefs in certain cultures may be against some practices and, therefore, making the business unacceptable in some places (Hill and Hult, 2017).Similarly, there may be some laws in various societies that make it difficult for some other countries to operate and may be a hindrance to globalization (Sadik-Rozsnyai 2016). Even worse, there may be cases of some hostility towards visitors in some culture and therefore making it difficult to interact with them.
Question Two
Ethical behavior is the acceptable conduct. However, the concept may vary from one society to the next because it is almost tied to the socially acceptable standards and values. Moreover, it can be viewed as the internationally acceptable ways of conduct (Shafer, 2015). Corporate social responsibility is the general regulatory activity of the firm on its operations. Moreover, the events are always tailored towards the social, economic and environmental developments. In doing so, they become they able to benefit all their stakeholders (Hill and Hult, 2017).
Observably, there exist some clear connection between the ethical behavior and corporate social responsibility. Since the ethical behavior as stated earlier, is in line with the set moral standards and rules of the society in which the business operates, it ties down to the benefits that the community will enjoy if observed (Shafer, 2015). If the business conducts itself with sound ethical behavior, then the corporate responsibility of the business is likely to be upheld, and in the end, the stakeholders, the society in which the business is set being one, will benefit a great deal (Hill and Hult, 2017).
On the other hand, there stand to be no benefits at all to the stakeholders if the ethical behavior of the business is breached (Hill and Hult, 2017). Various factors trigger such views. For instance, the societal set morals will not have been observed, and therefore it will not be acceptable. Once it is not acceptable, the ground for its failures will emerge. In general, the connection between ethical behavior and corporate social responsibility is such that the delivery of the latter solely depends on the observance of the former (Shafer, 2015).
Question Three
In an attempt to develop the business, the most critical step is for the given business to determine the type of business they are (Hill and Hult, 2017). Such bold step will be important for a business to determine their market modules and types. In doing so, the business will be able to determine the country in which to expand to. Moreover, it will be important for the business to determine the strategies to use in the marketing of their products or services in the respective countries (Hill and Hult, 2017).
Secondly, before trying to expand into another country, the business should take time to identify and analyze the target market in the given countries (Hill and Hult, 2017). Such actions will enable the business to identify the business niche and take advantage of it once the business is set in the given country. Once the business determines the market, they can be able to strategize in line with fulfilling such demands. Here, they may come through involvement in the modes of supply and distribution of their goods and services (Hill and Hult, 2017).
Lastly and most importantly, the business should understand the rules and the system of the country (Hill and Hult, 2017). Through such step, the business will know the norms-what is accepted and what is not. Knowing such thins is essential to ensure that the business will be able to operate within the given confines of the law. However, to do achieve such mission, it will be important to seek some help with the government and get the various authorization documents and licenses to operate legally (Hill and Hult, 2017).
Some of the challenges likely to be experienced by the businesses and that they should watch out for are security issues. Here, the businesses should be able to settle next to a government premise since it is not so well with the surrounding (Hill and Hult, 2017). Besides, they should watch out for the type of human resource they employ. Taking care of the HR is essential being that they are new. In fact, if not well checked, some people may be keen on taking advantage of their naivety. Therefore, it is prudent that they be wary of such. Another important thing is that they should understand well the culture of the people around that place before they set their standards for ethical conduct lest they are rejected by the society (Hill and Hult, 2017).
- Hill Charles W. L. & G. Hult Tomas M. (2017). Global Business Today. New York: McGraw-Hill Education
- Sadik-Rozsnyai, O. (2016). Willingness to pay for innovations. European Journal of Innovation Management, 19(4), 568-588.
- Shafer, W. E. (2015). Ethical climate, social responsibility, and earnings management. Journal of Business Ethics, 126(1), 43-60.