Competing in World Markets Essay Example | Topics and Well Written Essays - 250 words

Competing in World Markets - Essay Example t varies from one place to the other, for instance some regions witness high rates of poverty, hence low purchasing power and this undermines international trade. There are also economic barriers to international trade for example the famous global financial crisis which has led to high inflation and bailouts (Shah, 2011). Finally political barriers for example formation of trade bodies like world trade organization, (WTO). It is mandated to promote free and fair global trade but it has been criticized for serving the interests of rich countries therefore exploiting the poor ones (Shah, 2011). Political barriers are the most significant since politics involves power and allocation of resources and it dominates social, economic and cultural issues of trade. To curb the barriers, many businesses employ earned value technique to measure their progress. Earn value is a monitoring tool used to find out whether the budget and the planned time frame tallies with the actual work done to est ablish if the project is on track. There are barriers to smart earned value like cost, performance and quality. Opponents of the technique say that its implementation cost and efforts are enormous yet the derived benefits of implementation are limited (Tammo, 1999). This means that a business may spend a great deal to implement this project management tool but there may be low quality output. Cost barrier is the most difficult one to overcome since a business always need money to expand and operate. If more money is used to implement earned value technique then the business may run at squeezed profits or even at a loss due to high cost of

Steps to Ethical Decision Essay Example | Topics and Well Written Essays - 2500 words

Steps to Ethical Decision - Essay Example Three main assumptions that define how this issue could present an ethical challenge. The conflict involved is to what extent is the appreciation token genuine but not a bribe. More apparently, the winner of a tender out of good will decides to present appreciation to the entire panel openly inform of either cash, a party or any other form that may appear inducement. No doubt, many will find it within the sound business practice considering it happens publicly and more importantly out of the willingness of the rich supplier. Secondly, such offers are hard to be defined within the context of bribery because this is not done in secret, and everyone gets an entitlement to a fair share. Lastly, this occurs after the panel has established successfully that the supplier justly deserves the tender, however accepting gifts or goodies could jeopardize other potential competitors in future.Concisely, some parties may argue that it may be unethical to accept offers from business partners. Howev er, the manner at which this offer is given appears fair and not an inducement. When trapped in such a dilemma and case, the eight clearly outlined steps are fundamental in bringing the conflict to sanity. Basic Ethical Principles. Situation analysis of benefits versus burdens. While some decisions may appear ethical, it may bring huge burden to an organization. Loss of integrity and the perception of lack of fairness are two critical challenges that may accrue from a controversial ethical decision.