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Many managers in asia businesses display short term thinking by operating unethically

While labor laws are generally strictly enforced in developed nations such as the United States, some other countries are much more likely to turn a blind eye to the plight of their workers. Some tech companies have faced bad publicity in the last few years because of their connection to certain eastern manufacturing companies such as Foxconn and Pegatronwhich have been accused of poor employee working conditions, illegal mandatory overtime, and unlawful use of child labor.

Sportswear companies have been accused of knowingly relying on underage workers in Pakistan factories. In fact, as a result of the 2008 economic downturn, child labor is increasing around the world.

Many countries have begun to put less emphasis into primary education, and are depending on the revenue generated by child labor.

Families are likewise reliant upon the added income that young children are able to generate. This is done despite the difficult work, long hours, and possibly dangerous conditions that are routinely faced.

  • What the FIFA scandal highlights is the truly damaging effect that unethical business practices, be it fraud, bribery or corruption, can have on an organisation, its reputation and its revenues;
  • They may have a working visa or citizenship, but they still transfer Money from USA to their own land;
  • But as more businesses report that doing ethical business is good for business, the more other businesses wont fear the short term pain on the road to ethical and profitable growth;
  • The managers claim that immigrants are unpredictable;
  • March 13, 2017; Accepted Date;
  • The aim of the following questions are learning the reasons of the answer.

Likewise, sweatshops have been linked to major corporations around the world. Sweatshops will often make use of illegal child laborand rely on the extreme exploitation of their employees. Sweatshop workers are often forced to work 60-80 hours a week, without any paid overtime or health benefits, and may be subjected to harassment, intimidation, and unsafe work environments.

Immigrants from Asia: Are they better for a More Ethical Business Environment?

Although sweatshops gained much of their infamy during the late 90s, when a series of scandals brought the problem into the light for the public, reforms have done little to curb their proliferation.

Although most countries have laws against this kind of exploitation, loopholes and government inaction often work together to create environments where labor laws may be freely violated.

  • A foreigner, who is working as a manager, always mean the probability of a conflict;
  • With the war for talent already fierce in the region, what can businesses do to improve their ethics and how can the treasury help with this?
  • Treasury has an important role at the frontline to prevent these from happening.

Those who work in these conditions are intentionally kept ignorant of their rights, and may be threatened or even harmed if they try to affect change in the system. Sweatshops have even been discovered in major U. The sad truth is that many major corporations depend on unethical labor practices as part of their production process.

There is an ever increasing demand for consumer electronics, and in order to produce these products quickly and inexpensively, costs must be cut elsewhere. Unfortunately, often the easiest way to save money is to take take the lowest outsourced bidder, who may have murky working conditions.

Unethical businesses shunned by talent

But there is hope. However, companies that are able to invest in more efficient practices such as state-of-the-art warehouse automation could possibly afford to treat their workers better without jeopardizing production quotas.

This would allow them to show employee appreciation, which would help the company in the long run. Unhappy and abused workers, can become liabilities.

  1. Sportswear companies have been accused of knowingly relying on underage workers in Pakistan factories. However, firms in these markets typically do not have the same ownership structures as those in established markets, with many being family owned and funded [ 9 , 10 ].
  2. A few examples below.
  3. But there is hope. Old and strong cultures are expected to bring segregation.
  4. But, for many companies, these measures seem to be ineffective.

Some may even attempt to compromise company resources, either as an act of revenge or for personal gain. Furthermore businesses are finding that other organizations are inclined to work with companies that are known to be ethical and are moving toward green business model. This is of course after a short term loss while implementing and changing how your business runs.

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But as more businesses report that doing ethical business is good for business, the more other businesses wont fear the short term pain on the road to ethical and profitable growth.

A quick google search can find tons of examples of small businesses reporting profit from ethical and green investments.

A few examples below. They did some bragging about it via social media and their newsletter. While they can't definitively say it was all due to becoming more ethical, the correlation tells a persuasive story none the less.

These are all small businesses you probably have never heard of.

All have bootstrapped budgets and yet are showing that the investment to be ethical and green has had a positive ROI. If a small business can do it, shouldn't we expect the big players to play ball as well?

As the younger generation moves into the professional field I have high hopes that this trend will continue. Conclusions Besides getting the message out that good ethical business can also be very lucrative, changes are going to have to be made on every level; governments will need to become more involved, management will need to accept inevitable tradeoffs, companies will need to take responsibility for the crimes committed in their names, and consumers will need to recognize the price of their cheap and easy-to-get goods.