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  • Essay / Differences in business ethics among East Asian countries

    Business ethics, usually implemented through corporate social responsibility, are very important to ensure success long term of organizations. While it is possible to attract short-term customers through fraudulent marketing strategies, it is impossible to retain them using these same strategies. As soon as they discover the true image of the company, customers rush to do business with competitors. To avoid such scenarios, organizations are required to maintain good relations with various stakeholders through business ethics and corporate social responsibility strategies. By having good relationships with suppliers, a company is assured of timely delivery of the right quality and quantity of raw materials/supplies. In the same way, good relationships with customers lead to increased business, community results to adequate support in its businesses, employees mean workers who are highly motivated and committed to the vision of the organization, and the government helps avoid legal problems. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original Essay Through business ethics, a company benefits in the sense that it is committed to doing what is morally right. This way, stakeholders want to do business with the company to help it beat the competition. This explains why business ethics and corporate social responsibility are not only hot topics of debate, but also why businesses in all countries strive to follow ethical business practices and engage in social responsibility businesses. This is based on Pfannkuch's (2016) argument that it is after creating and maintaining a good reputation that different stakeholders would be interested in doing business with a given company. It is worth noting that the common theme among major East Asian countries, including Japan, China and Korea, is corporate responsibility. This is done not only by establishing good relationships with different stakeholders, including community members, but also by protecting the environment. As good community members, organizations in these countries look for important projects to support. These are businesses that would benefit the public, including health services, public parks and supporting different sporting activities. In order to properly interact with the community, large companies identify the most important services in the community and offer programs to support them. This generally involves the provision of education and health services. Although at different levels of corporate responsibility, Debra (2013) argues that many countries are affected by reputational scandals that require them to develop community programs to address them. For example, in Indonesia, while Pegadaian is seen as the cause of the country's poverty, he has developed programs to combat these arguments, including an ambulance given to the poor, sponsorship of three orphanages, and free health services in Central Jakarta. Similarly, businesses in Vietnam, Cambodia and Laos face issues of heritage preservation and workers' rights. This leads to community support programs including health and family planning education sessions, well digging and fruit tree plating by Angkor..