Organizational Communications, Business Ethics and Globalization
Examines organizational communications and business ethics in Nigeria, India and China, using case Studies of Halliburton, Bank of America and Wal-Mart.
# 68395 | 1,806 words | 5 sources | APA | 2006 |
Published on Aug 16, 2006 in Business (Companies) , Business (International) , Economics (International) , Business (Management) , Ethics (General)
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The process of globalization is a form of dialogue between an international business organization and another nation's economy and needs. Globalization involves combining existing business organizational structures with that of a new local culture. The tumult that occurs during an organizational expansion into a new economic environment can be difficult, but productive as well. This paper examines how Bank of America made use of a large, inexpensive, yet relatively well-educated English-speaking work force India. It embraced India's advantages and provided benefits for Indian workers, as well as educational, health and safety safeguards and financial opportunities. The paper shows that even Wal-Mart made use of a large population experienced in garment manufacturing on a mass scale in China and provided substantial benefits to the nation in excess to what the local populace was accustomed to receiving from indigenous companies. In contrast, the paper shows that although Halliburton in Nigeria also initially made use of a lower-cost English speaking former colony, it did so with less effective results because of a perceived insensitivity to national needs, such as its corruption and abuse of the local environment.
From the Paper:"Of course, there are not as many safety and security concerns in India regarding the local population in regards to the banking industry as there are with defense manufacturing. Still, it seems as though, because the company entered into the agreement with a spirit of respect, it has become one of the most popular of "foreign banks" that "are moving more money into India, lured by the rising incomes in Asia's fourth-biggest economy," combined with its cheaper sources of English-speaking and technically experienced labor. (MacDonald & Daga, 2003) Unlike Nigeria, the African nation's economy is not expanding at nearly as quick a pace, thus highlighting the dependency of the Nigerian nation upon Halliburton."
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Organizational Communications, Business Ethics and Globalization (2006, August 16) Retrieved August 17, 2019, from https://www.academon.com/essay/organizational-communications-business-ethics-and-globalization-68395/
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