Due to globalization, organizations have now become interdependent and hence accountable for the social, environmental, and political challenges that threaten to affect our shared future.
There are about 80,000 multinational companies and ten times as many subsidiaries in the world now. There are countless small and medium sized businesses. This makes the businesses entities to have more responsibility for self-regulation to accompany the process of globalization.
However, organizations face many challenges too. The ethical challenges for business organizations include −
● Labor Standards
● Human Rights
● Climate Change and
● Marketplace Integrity