Globalization And Competitiveness The Impact On Future...

Globalization and Competitiveness: The Impact on Future University of Alberta Bcom Graduates Nickia Kwan 1468914 University of Alberta Globalization and Competitiveness: The Impact on Future University of Alberta Bcom Graduates Globalization continues to impact how countries connect with each other. This impact can clearly be seen in changing social, technological and economic spheres. As globalization continues to expand its influence, it results in greater international competition that that increases profit margins of corporations, but, simultaneously continues the exploitation of marginalized workers. There are many implications of globalization such as ethical responsibility, the winners and losers of globalization, and the opportunities and threats that occur as a result. Due to globalization, University of Alberta graduates will have to contend with the challenges of increasing competition in the work force that result from the increase of interconnectivity. Ethical business practices apply to the conduct of a business’s operations which requires them to be accountable in judgments that affect their operations. However, ethical behavior and corporate social responsibility can sometimes be distorted when a company chooses to compromise their ethics for economic gain. Globalization of world economies had led to an ethical dilemma as a result of an exploitation of outsourced labour. The responsibilities of morality and ethics are left to individuals