In your journal, answer the following questions:
What are some common concerns companies have that keep them from being more effective in the global market?
In a global market, what should a company consider changing to better embody social and cultural norms and to become a more geocentric organization? Consider possible changes to the company’s technology, interpersonal policies, business practices, or other variables.
Relocating a polluting factory to a country with weaker environmental regulations presents a complex situation with significant ethical and practical considerations. Before making such a move, it is crucial to weigh these factors carefully:
Ethical Concerns:
Practical Considerations:
Instead of relocation, several alternatives offer solutions to address environmental concerns and maintain business viability:
Conclusion:
Relocating a polluting factory solely to avoid regulations is ethically problematic and carries significant practical risks. Exploring alternative solutions like cleaner technologies, circular economy principles, and offsetting emissions offers a more sustainable and responsible approach to addressing environmental concerns while maintaining business operations. By prioritizing ethical practices and responsible environmental stewardship, companies can contribute to a cleaner and healthier future for all.