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Foundations of Scholarship - Essay Example

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Foundations of Scholarship

This is followed by a practical analysis of how non-ethical acts are perpetrated by multinationals in the real world. The paper ends with recommendations for improvements in observing ethical behaviour amongst international businesses. Principles of Natural Justice and Organisations Every human being and entity has two inalienable rights: the rule against bias and the need for fair hearing in judicial matters (Harris & Partington, 1999). This concept has become the basis on which constitutions and judicial systems around the globe have been founded. It is now the basis of best practices in most transactions and operations of entities around the globe. However, the way it is practised around the globe varies considerably. People and entities are required in all situations to treat other people with fairness and equality. When other people are accused of doing the wrong thing, they have the right to a fair trial and this is a two-way thing. With organisations and businesses being entities, they are expected to observe these laws of natural justice in all aspects of their operation. The Need For Ethics in Organisations Organisations are legal entities that have the right to sue and be sued (Harris & Partington, 1999). Effectively, organisations/businesses take inputs from the society, process them and sell them out to external parties (Johnson, Scholes & Whittington, 2008). It is therefore ideal and important that in going about their activities, organisations are required to observe principles of natural justice. Typically, the requirement for organisations to observe principles of natural justice manifests in three main areas, incorporation, operation and dissolution. This is the foundation of ethical...
This paper approves that globalisation is now an euphoria around the world. People and nations are trading on the international front and since it has become so common and popular, most organisations cannot control, supervise and ensure ethical consistency in faraway branches and units. There are several detailed issues and factors that cause this phenomenon to flourish around the world. The government of Western nations are currently at home with the belief that their businesses can kowtow to very low ethical standards overseas like bribe giving and still not be tasked under their home country laws.
this report makes a conclusion that ethics are borne from the natural rights of people and organisations are required to honour them. These are done in three ways: stakeholder issues, corporate social responsibilities and corporate governance. On the international front though, differences in accountability between richer nations and poorer nations has caused a lot of multinational businesses to maintain high ethical standards in the West and ignore their ethical requirements in developing nations. This is born out of several conditions like massive globalisation, bribery of governments in richer nations, failure of locals to hold multinationals accountable and the acceptance of these practises in home nations of these multinationals. However, a practice of empowering the poor in developing countries and promoting equality and democracy can stabilise ethics around the globe in the near future. ...Show more


This paper examines the basis for business ethics and zooms in to examine the realities in the international markets and why organisations fail to honour the high ethical standards they observe in their home countries when they operate in poorer nations like Latin America, Africa, Eastern Europe and Southeast Asia…
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Foundations of Scholarship essay example
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