Business Ethics and the Global Dimensions of Business Essay

Business Ethics and the Global Dimensions of Business - Essay ExampleMany line of merchandisees argon targeting the accepted estate market of both India and China (Plunkett Research, 2011). The Asian markets are a great target, but the come with has to select its location carefully and expand slowly to minimize business risk. I do non recommend a full expansion plan into Asia because they are a lot of countries in Asia that are extremely poor with a lack of frugal resources. A country that must be an speedy target for the company is the island of japan. Japan eight months ago was hit by the fourth biggest earthquake in the worlds history a massive 8.9 richer scale earthquake (CountryWatch, 2011). As a expression company the profligate can capitalize on the natural disaster to profit in the compendious and medium term. There should be plenty of aspect projects in Japan for the next five years. The firm should seek a horizontal growth expansion plan. This plan works best if the country selects locations that withdraw a high demand for the service the industry offers. Emerging economies typically have plenty of construction projects available since better infrastructure is needed to achieve social progress. Asia is the worlds largest continent with an celestial orbit of 17.3 million square miles (CultureGrams, 2011). ... The two most practiced religions are Buddhism and Muslim. People in Asia are develop and believe in the common good of the group. Socialism is widely practice throughout Asia. The eastern economic region is one of the fastest growing regions in the world. Eastern Asia is composed of the following countries 1. China 2. Japan 3. North Korea 4. South Korea 5. Mongolia 6. Taiwan China has been the fast growing economy during the past three decades grasp yearly GPD growth of approximately 9%. The income per capital in China is one the rise. In 2008 the solid gross domestic product of China was $7,600. That number is relatively high sinc e the prices of goods in China are similar to the prices Americans paid during the 1950s. China is the most populated place in the world. XYZ could promote housing projects of very tall building in order to optimize their corporeal estate capacity per square feet of land. The real estate markets in China are extremely favorable due to a rising meat class that is looking to upgrade their current living accommodations. India has alike become a hotspot for business due to the high quality of labor at affordable prices (Plunkett Research, 2011). There are ethical issues that should be considered when entering the Asian markets. Corruption is widespread across many governments in Asia. Executives have to make tough-minded decisions whether to participate in what would be considered unethical behavior in the fall in States due to the difference in business customers and overall cultural factors. Bribes are not considered the same in China than in the United States since Chinese cult ure on many instances accepts bribe as normal behavior of doing business. There is also the consideration of labor laws. Labor laws in many emerging economies