Business Law - Ethical issues Essay Example | Topics and Well Written Essays - 2250 words

Business police - Ethical issues - Essay ExampleInternational entrepreneur ship spans cultural boundaries and involves a variety of stakeholders, including the entrepreneur, investors and polity makers (Asel, 2003). Social considerations must be bring forthn the same status as economic, financial and environmental concerns in a holistic approach. It is time for global thinking and local action. The implementation of the Core Labour Standards and the laws and regulations that give effect to them at national levels can be significantly enhanced if the capacities of national labour inspectorates argon built up and strengthened. Labour inspectors have a crucial role to play because they are the only ones with the authority to directly access and impose variegates in the workplace.(Albracht, 2005)The augmentd working hours pose several extraneous costs to the employees and employers both. They give rise to different health problems such as heart problems, high rail line pressure, g astrointestinal disorders, psychological wellbeing and circadian disruption. The resulting increase in sick leave makes the organisation surrender the cost of the illness of employee. The external cost effect thus transfers to society in shape of change magnitude tax burden on taxpayers and on Government for the provision of more social care facilities (Dawson, McCulloch and Baker, 2001). except in order to compete internationally it is important to increase the working hours. As stated by Berry (2005) Europes productivity is lagging behind the US and Asia because inflexible labour laws are preventing companies restructuring and investing in new technologies, a typography shows.A DTI-sponsored study, published to coincide with the UKs presidency of the EU, criticises member countries, particularly France, Ger many another(prenominal), Spain and Italy, for not having the courage to reform labour laws.EU heads of state agreed a 10-year programme in 2000 to increase investment and m ake the EU the most dynamic and competitive knowledge-based economy in the world. However, the DTI report said little progress has been made in achieving this goal. Companies in Europe have to pursue a policy of creative destruction to change the way they do course and learn from the hire and chevy culture of the US to compete globally, the report said.At a conference key European players from business and government discussed the challenge of the future of information and communication technologies (ICT) policy.Viviane Reding, EU commissioner for information society and media, said many workers were concerned about their jobs and the EU would only strengthen economic growth by investing in ICT and abolishing superfluous regulationAlthough the hire and fire culture seems an easy way of achieving economic goals but the change in the policies regarding the employment can