Managing business ethics in China Essay Example | Topics and Well Written Essays - 1750 words

Managing commerce ethics in China - Essay ExampleIn the current day commercial enterprise world, a manager needs to ensure adherence to business ethics in a firms quest for profiteering motives. However, late developments have resulted in varied definitions of ethics, and each person has to use own judgement to differentiate between ethical and unethical practise. Moreover, the capacity of a business to adhere to ethical expectations is dependent on political, amicable, economic, and environmental factors of a market. This means that a firm should balance its business practice with environmental and social responsibility, and in adherence to the ethical guidelines stipulated by the government in the country of operation. In essence, the highest level of ethical practice involves business practices that aim to ensure economic, environmental and social sustainability.The Chinese economy is characterized with widespread criticism on high levels of unethical practices including corr uption that is touted to be the most detrimental factor of the economy. However, recent changes have seen a change in focus to adherence to ethical guidelines by managers, most of whom are learning how to incorporate the system into their businesses without seeming to suffer from the alienation by western values. The Chinese investors insist on charting their own path to ethical practice despite the assimilation of various western characteristics into its economic system. On marvelous 26, 2010, Landau reported on BBC about a businessperson who tried to incorporate Christianity as a tool to entrench ethical practice among his employees, mainly by encouraging his employees to convert to the Christian faith. epoch this practice is not illegal, it brings up the question of how far managers can go to ensure ethical practises in their firms (Landau, 2010). Factors Influencing ethical Practice in China Many factors have been blamed for the widespread unethical practices in China, but th e most outstanding ones are philosophical beliefs, globalization and the rapid changes that the Chinese economy undergoes. Philosophical Beliefs The main philosophical approaches taken by the Chinese are Confucianism, Taoism and Buddhism, all of which are based on the teachings of big thinkers who resided in the Far East. Confucius, the father of Confucianism, taught that the first obligation of every person is to the family, such that everyone is expected to take care of the needs of family members and close friends before extending favours to others. While this is a convenient way of living in day-to-day life, the philosophy may be destructive in the business world, as managers tend to wage their family members regardless of their qualifications. This has resulted in poor quality of Chinese products erosion of work ethics since a favour leads to another, and the cycle goes on despite detrimental personal effects to the economy. However, this does not mean that Confucianism only has negative effects on ethics in fact, if applied correctly, the philosophy has three main aspects that promote ethical practise. These include the teachings on obedience, following laid down guidelines, and humanity (Suen, Cheung and Mondejar, 2007). Taoism incorporates the principles of learning the details of ones profession for improved workmanship, and promotion of maximum good for the greatest number of people. In addition, Taoism results in increased efficiency at the workplace though this is not the prime concern of the philosophy. Buddhism is the philosophy that encourages business personality to respect and preserve the business environment and to create a healthy relationship between the business and the community around it. Any manager intending to do ethical business in China has to have an understanding of the perceptions of