ethical issues that might arise when drawing upon guanxiwang to get things done in China? What does this suggest about the limits of using guanxiwang for a Western business committed to high ethical standards?
There are several ethical issues which can be provoked by drawing upon guanxiwang. First, there will be lack of equal opportunities for business units. For start-up companies, guanxi of
The ethics are the moral beliefs and rules about right and wrong in dictionary term and ethics in management means that all management operations’ basis are on that certain organizations’ a code of ethical regulation and manage as clearly and fairly with pure consciences. There can be no right and wrong answers in ethical ideas, also, because each has different thinking and point of views.
we have to analyze the decision on the various perspectives such as financial, social, ethical, and so on.
Especially the ethical decision making is getting more important. People expand the idea of shareholders to stakeholders, concern more about the earth and nature, think about the right things what the companies have to do, and realize the necessity of surveillance on the companies.
WoongJin has kept fair and transparent management as the No. 1 rule of management principles since the early days of establishment. When it comes to transparent management, most of people only think of transparency in accounting, but WoongJin has complied with ethical management not only in accounting but also in purchasing, human resources and all other business activities.
Lack of coachi
Chapter 5
5.5. What generic business model is your company pursuing? How has it formulated and implemented a set of business-level strategies to pursue this business model?
Aside from it cost-reduction strategy, Ryanair has also been able to use Porter’s generic strategies to position itself in the marketplace. Accordingly, a company positions itself by leveraging its strengths. Today, mo