Module IV: Global Issues in Different Sectors: Amity Business School

AmityName
Business School
of Institution
Module IV: Global Issues In

Different Sectors
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AmityName
Business School
of Institution
Globalization of MNCs
• Globalization describes an ongoing process by which regional

economies, societies and cultures have become integrated
through a globe-spanning network of communication and
trade.
• A multinational company (MNC) is an organization that

operates in two or more countries.
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What Are the Benefits of Globalization
AmityName
Business School
of Institution
Access to New Cultures

• Globalization makes it easier than ever to access foreign culture,
including food, movies, music, and art. This free flow of people,
goods, art, and information is the reason you can have Thai food
delivered to your apartment as you listen to your favorite UK-
based artist or stream a Bollywood movie.
The Spread of Technology and Innovation

• Many countries around the world remain constantly connected,
so knowledge and technological advances travel quickly.
Because knowledge also transfers so fast, this means that
scientific advances made in Asia can be at work in the United
States in a matter of days.
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AmityName
Business School
of Institution
Lower Costs for Products

• Globalization allows companies to find lower-cost ways to produce their
products. It also increases global competition, which drives prices down and
creates a larger variety of choices for consumers. Lowered costs help people
in both developing and already-developed countries live better on less
money.
Higher Standards of Living Across the Globe

• Developing nations experience an improved standard of living—thanks to
globalization. According to the World Bank, extreme poverty decreased by
35% since 1990. Further, the target of the first Millennium Development
Goal was to cut the 1990 poverty rate in half by 2015. This was achieved five
years ahead of schedule, in 2010. Across the globe, nearly 1.1 billion people
have moved out of extreme poverty since that time.
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AmityName
Business School
of Institution
Access to New Markets

• Businesses gain a great deal from globalization, including new customers
and diverse revenue streams. Companies interested in these benefits look for
flexible and innovative ways to grow their business overseas. International
Professional Employer Organizations (PEOs) make it easier than ever to
employ workers in other countries quickly and compliantly. This means
that, for many companies, there is no longer the need to establish a foreign
entity to expand overseas.
Access to New Talent

• In addition to new markets, globalization allows companies to find new,
specialized talent that is not available in their current market. For example,
globalization gives companies the opportunity to explore tech talent in
booming markets such as Berlin or Stockholm, rather than Silicon Valley.
Again, International PEO allows companies to compliantly employ workers
overseas, without having to establish a legal entity, making global hiring
easier than ever.
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AmityName
Business School
of Institution
Business Ethics
•Business ethics is the study of appropriate business policies and

practices regarding potentially controversial subjects including
corporate governance, insider trading, bribery, discrimination,
corporate social responsibility, and fiduciary responsibilities.
•Business ethics refers to contemporary organizational standards,

principles, sets of values and norms that govern the actions and
behavior of an individual in the business organization.
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AmityName
Business School
of Institution
Corporate Governance
•Is the combination of rules, processes or laws by which

businesses are operated, regulated or controlled.
•The term encompasses the internal and external factors that

affect the interests of a company's stakeholders, including
shareholders, customers, suppliers, government regulators and
management.
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AmityName
Business School
of Institution
Environmental ethics
• It is a branch of ethics that studies the relation of human beings

and the environment and how ethics play a role in this.
• Environmental ethics believe that humans are a part of society

as well as other living creatures, which includes plants and
animals.
• It helps define man's moral and ethical obligations toward the

environment.
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AmityName
Business School
of Institution
• Water and air pollution
• The depletion of natural resources
• Loss of biodiversity
• Destruction of ecosystems
• Global climate change are all part of the environmental ethics

debate
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AmityName
Business School
of Institution
• Conservation ethics also revolve around making human

communities and ecosystems better.
• Protecting important resources for the present and future.
• This philosophical approach values the human/nonhuman

dynamic in nature, recognizing how humans and the
environment have an ongoing causal relationship with one
another.
10
AmityName
Business School
of Institution
Sustainable Development Goals
•The Sustainable Development Goals or Global Goals are a

collection of 17 interlinked goals designed to be a "blueprint to
achieve a better and more sustainable future for all".
•The SDGs were set in 2015 by the United Nations General

Assembly and are intended to be achieved by the year 2030.
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AmityName
Business School
of Institution
What are the 17 sustainable development goals?
• GOAL 1: No Poverty
• GOAL 2: Zero Hunger
• GOAL 3: Good Health and Well-being
• GOAL 4: Quality Education
• GOAL 5: Gender Equality
• GOAL 6: Clean Water and Sanitation
• GOAL 7: Affordable and Clean Energy
• GOAL 8: Decent Work and Economic Growth
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AmityName
Business School
of Institution
• GOAL 9: Industry, Innovation and Infrastructure

• GOAL 10: Reduced Inequality
• GOAL 11: Sustainable Cities and Communities
• GOAL 12: Responsible Consumption and Production
• GOAL 13: Climate Action
• GOAL 14: Life Below Water
• GOAL 15: Life on Land
• GOAL 16: Peace and Justice Strong Institutions
• GOAL 17: Partnerships to achieve the Goal
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AmityName
Business School
of Institution
Corporate Wars
• Corporate warfare refers to attacks on individuals or

companies by other individuals or companies. Such warfare
may be part of economic warfare and cyber warfare; but can
involve spying, 'dirty' PR tactics, or physical theft.
• The intention is largely to destabilize or sink the value of the

opposing company for financial gain, or to steal trade secrets
from them.
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AmityName
Business School
of Institution
Ethical With Manufacturing Companies
• Maintaining a Safe and Ethical Manufacturing Environment

• Reducing Harm to the Environment
• Operating a Fair and Secure Workplace
• Duty to Provide Safe Products
15
AmityName
Business School
of Institution
Media Ethics
• Truth and Accuracy

• Independence
• Fairness and Impartiality
• Humanity
• Accountability
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AmityName
Business School
of Institution
Bioethics
•Is commonly understood to refer to the ethical implications and

applications of the health-related life sciences.
•Bioethics is the study of the ethical issues emerging from

advances in biology and medicine. It is also moral discernment as
it relates to medical policy and practice.
•Better of the human mankind.
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AmityName
Business School
of Institution
Legal Ethics
• Independence, honesty and integrity.
• The lawyer and client relationship, in particular, the duties

owed by the lawyer to his or her client.
• This includes matters such as client care, conflict of interest,

confidentiality, dealing with client money, and fees.
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AmityName

Module IV: Global Issues In

• Globalization describes an ongoing process by which regional

• A multinational company (MNC) is an organization that

Access to New Cultures

The Spread of Technology and Innovation

Lower Costs for Products

Higher Standards of Living Across the Globe

Access to New Markets

Access to New Talent

•Business ethics is the study of appropriate business policies and

•Business ethics refers to contemporary organizational standards,

•Is the combination of rules, processes or laws by which

•The term encompasses the internal and external factors that

• It is a branch of ethics that studies the relation of human beings

• Environmental ethics believe that humans are a part of society

• It helps define man's moral and ethical obligations toward the

• Water and air pollution

• The depletion of natural resources

• Global climate change are all part of the environmental ethics

• Conservation ethics also revolve around making human

• Protecting important resources for the present and future.

• This philosophical approach values the human/nonhuman

Sustainable Development Goals

•The Sustainable Development Goals or Global Goals are a

•The SDGs were set in 2015 by the United Nations General

What are the 17 sustainable development goals?

• GOAL 9: Industry, Innovation and Infrastructure

• Corporate warfare refers to attacks on individuals or

• The intention is largely to destabilize or sink the value of the

Ethical With Manufacturing Companies

• Maintaining a Safe and Ethical Manufacturing Environment

• Truth and Accuracy

•Is commonly understood to refer to the ethical implications and

•Bioethics is the study of the ethical issues emerging from

•Better of the human mankind.

• Independence, honesty and integrity.

• The lawyer and client relationship, in particular, the duties

• This includes matters such as client care, conflict of interest,

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