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Ethical Challenge Lesson 2 Bus 240
There are many considerations that companies need to adhere to in their quest to go international. One aspect that need to be considered is the cultural values and mode of operations of organizations in the target market. Ethical considerations are also key to consider as they influence an organization’s decision-making and general mode of operation (Siddiqui, 2020). This task looks at an example of a US-based company wishing to venture into the Indian market especially in the realm of cultural considerations.
Whether it will be Possible to use the US Management System
There will be many challenges with seeking to maintain the US management style. The Indian case system implies that the managers based in India will need to be of a higher social class than the people who work under them. If this is not the case, then there is a likelihood of many labor-related issues such as an increase in employee turnover and increased dissatisfaction from junior employees. Besides, the case system can as well limit the kind of people likely to be considered for specific job opportunities to be filled in the organization. For instance, a software engineer can only be available from a specific caste whose members are allowed to access the education and skills set. It is not a guarantee that any caste will have the kind of employees with the required level of expertise. Furthermore, it may not be possible to use the US style of management as it may not conform to the Indian mode of management as depicted in the Indian caste system. Nevertheless, the caste system is also good because it enhances and promotes a culture of merit as well as equality in employment which are the key principles of employment enshrined in the US-based companies.
Opinion of Stakeholders
Stakeholders play an important role in determining the success of any organization especially when the company operations go international. While the caste system can dictate the person that enters the Indian market and the direction the company takes in terms of operations, there is a chance for the company to adhere to and promote the local business practices. When this becomes the case, the stakeholders will likely respond positively since it means that the barriers to business practices will have reduced. Going international means adopting business practices that reflect the needs and expectations of the customers, suppliers, and people across the supply chain and many other stakeholders (Chrispal et al., 2020). Adjusting to local business practices also means that the organization becomes more competitive, develops new markets and eventually increases sales and enhances efficiency. For stakeholders, what matters is the ability for the organization to respond to industry expectations and adhere to the specific business ideals that reflect the general practices espoused in the country.
Task 2 – The Art of Persuasion Continued
Adapting to the traditional and local business practices can also help the organization to avoid lengthy and costly labor issues as long as they don’t infringe on human rights or contradict the set industry standards (Lampel et al., 2017). Such considerations need to be made when seeking to venture into the Indian market since an adherence to the local practices means responding to customer expectations, ethical business undertakings and a response to the social structure in business, best employment procedures and respect for social issues like corporate social responsibility. A demonstration of respect to these practices will give stakeholders confidence that the business will succeed in the new market.
