Challenges in the Era of Globalization - iaabd

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Proceedings of the 12th Annual Conference © 2011 IAABD stuff, (2) both have a fair share of market dominance, (3) they are subjected to the laws that govern business practices, (4) have clearly stated vision, mission, business principles and a set of values that govern the conduct of its members. What is lacking in the two cases above, little was mentioned, by those who testified before the proceedings indicated what role do the set of principles identified in their respective company profiles play. Also, the role of leadership in taking ownership of business practices at their respective companies was minimal instead, what became evident was pure arrogance and disregard for principles of good corporate governance and ethical leadership. This aspect can be seen from the efforts taken by those responsible taking what would become an embarrassing conclusion for their quest to unfairly dominate and gain unfair competitive advantage over smaller competitors and alternative service providers (Telkom), disregarding their own customers, stakeholder and the broader community (Primier Foods). Concluding Remarks These cases as illustrated above bring to the fore the challenge business leaders have to contend with in a globalized business environment, the importance of what organizational integrity is about. This assertion is made in lieu of the tendency and trend within the business community, particularly large companies to flout the very legislation that is intended to regulate their conduct and, create an environment for a smooth and competitive economy. Instead, they choose to employ their might, using their resources to engage in long litigation battles. Legal compliance, based on these cases, is flawed if solely relied upon for a viable business environment. This article therefore proposes a different approach if business organizations were to reclaim their moral status and ethical pedigree in a globalized business environment. The approach is the description as articulated by Kayes et al, (2006, 3) and; Palazzo (2007, 118-123) respectively. To ensure sustainable business operations in a globalized environment, leaders and stakeholders of South African organizations need to embrace a different culture, attitude and approach to ensure their continued survival and, claim their moral standing. References Auriacombe CJ. 2004. “Key Issues in the Whistle-blowing process”, SAAPAM Journal of Public Administration, Vol. 39 (4), pp 655-669. De Maria W. Common Law – Common Mistakes: The Dismal Failure of Whistle-blower legislation in Australia, New Zealand, South Africa, Ireland and the United Kingdom”, Paper presented to the International Whistleblower Conference, University of Indiana, 12 -13 April. Diale AJ. 2008. “In Defense of Whistle-blowing as an Integral part of Organizational Integrity: A Theoretical Exposition” A paper presented and published in the referred proceedings of the 9 th Annual International Conference of the International Academy of African Business and Development (IAABD), University of Florida, Gaynesville, Florida, May 20-24, 2008. Diale AJ, Holtzhausen N. 2005. “Public or Protected Disclosure? The fallacy of whistleblower protection in South Africa”, SAAPAM Journal of Public Administration – Conference Proceedings, October 2005, pp 10- 19. Fourie O. 2010. “Business Ethics”. Law24.com – South Africa. www.Law24.com – South Africa, accessed August 11, 2010. Ghillyer A. 2008. Business Ethics: A Real World Approach. McGraw-Hill Irwin, London. Institute of Directors. 2009. King Code of Governance for South Africa 2009. Johnson RA, Kraft ME. 1990. “Bureaucratic Whistle-blowing and Policy Change”, The Western Political Quarterly, pp 849 – 874. 534
Challenges in the Era of Globalization Edited by Emmanuel Obuah Kayes DC, Stirling D, Nielsen TM. 2006. “Building Organizational Integrity”. Business Horizons (2006), www.sciencedirect.com, accessed September 30, 2010. KLM.Inc – “Strategy for an Ethical Organization”. www.klminc.com/ethics. accessed 12 June 2007. Nadler J. 2007. “Creating a Culture of Ethics in the Public Sector”. www.scu.edu/ethics, accessed June 12 2007. Ogbuechi AO, Folami LB, Kwesiba E. 2007. “Towards a Framework for Promoting Business Ethics and Corporate Social Responsibility among African Managers”. Paper presented at the International Academy of African Business and Development Conference, London, England, May 29 – June 2, 2007. Palazzo G. 2007. “Organizational Integrity – Understanding the Dimensions of Ethical and Unethical Behavior in Corporations”. Corporate Ethics & Corporate Governance, Part III, pp 113 – 128. Rezaee Z. 2009. Corporate Governance and Ethics. John Wiley & Sons, INC. United States of America. Rossouw D, van Vuuren L. 2005. Business Ethics (3 rd Edition, 5 th Impression). Oxford University Press, Cape Town. Rossouw GJ. 1997. “Business Ethics in South Africa”. Journal of Business Ethics (16), pp1539-1547. Stanwick PA, Stanwick SD. 2009. Understanding Business Ethics. Pearson Education, Inc., Upper Saddle River, New Jersey. 535
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Challenges in the Era of Globalizat
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Table of Contents Challenges in the
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Lennart Bangens, Goteborg, Sweden C
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Local Steering Committee Jacob Musi
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Track 1: Accounting, Finance, and I
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Abstract Challenges in the Era of G
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Abstract Determinants of Bank Lendi
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Empirical Results Challenges in the
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Table 3 Determinants of Competitive
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Research Findings Challenges in the
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Abstract: Study on Africa Governmen
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Abstract Challenges of Oil Revenue
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Abstract Land Based Sources of Poll
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Abstract On the Mitigation of Rever
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Assessment of pollutants in nigeria
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Figure 1: Lagos off shore survey po
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Academic Pry School 3 3 0 Backgroun
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Track 5: Management Education Chall
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Table: Model Fitness Regression Sta
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Conclusion Challenges in the Era of
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37. Provision of sound education fo
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The cost structure Challenges in th
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Empirical Analysis Challenges in th
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Variable Coefficient Std. Error t-S
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Abstract The Changing Requirements
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The Model, Data and Variable Defini
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Track 8: Gender and Economic Develo
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Empirical results Challenges in the
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Abstract Gender, poverty and sustai
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Figure 1.1: Spread of directorships
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Theoretical Framework Challenges in
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Single 18.1 Masters and above 35.3
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Source: Field survey, 2010 Table 3:
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Track 9: Global Studies and Politic
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Conceptual Definitions Challenges i
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Conclusions and Implications Challe
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Abstract Exploring Organisational R
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district hospitals: Evidence from N
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Defining the Organisational Culture
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Table 1: A Summary of Operating Ban
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Discussion and Conclusion Challenge
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Abstract What does Globalization me
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7. I see globalization as providing
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Figure 1.Framework for Bank selecti
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Banks in Ghana Challenges in the Er
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References: Challenges in the Era o
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Figure 5: Causal loop diagram inclu
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The study seeks to: • examine typ
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Figure 2: Customer Perception of MT
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Relationship Commitment Total 1264.
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Figure 1: Components of Data Analys
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Abstract Marketing Nigerian medicin
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References Challenges in the Era of
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firms attained below average market
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Conclusion Dissatisfied 6 3.4 3.6 7
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Abstract Customer satisfaction with
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Methodology Challenges in the Era o
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Discussion Challenges in the Era of
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Postgraduate 19 Internet experience
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Average daily Internet hours z P-va
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Conclusion Challenges in the Era of
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GOVERNMENT MoFED SECTORS Structure
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Figure1.1Inflation and Indexation R
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Football Spectatorship Challenges i
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