26 October, 2010

Why is language arbitrary?

Languages are said to be arbitrary because there is no necessary or natural relationship between the words of a given language and the concepts that they represent. For example, there is nothing in the word "tree" that connects it to the concept of a tree; which is why Spanish can use a totally different sign for the same concept: "árbol"; and so on with other languages.
Also, languages are arbitrary because the rules for the combination of signs in order to produce complete thoughts are different from one language to the other, and no set of rules can claim to be the "right" one. For example, in English you say "I like beer", whereas in Spanish you would say "Me gusta la cerveza". The literal translation of the latter would be something like: "Beer is agreeable to me", which sounds strange in English. And neither of these formulations has a better claim to accuracy, correctness or truth than the other. 

Postmodernism and Implications for Business and the Marketplace


Introduction.
Every society is an organizational expression of humanity’s deep desire to overcome the limits
imposed by time and space. We create organizations to perpetuate ourselves.
In medieval times, skilled craftsmen and chemists attempted to turn lead into gold and to mix
chemicals with fire to discover the secret elixir that would lead to everlasting life. During the
industrial age, the focus turned to the building of the perfect machine capable of perpetual motion
and able to run by itself forever. The age we now live in is no different, fueled by the new
technologies of information communication, the life sciences and in particular, genetic
engineering. We are seeking to construct a society after our own image informed by prevailing
views of nature, human nature and the meaning of life.
Currently, in developing and developed societies, there are 3 dominant world-views.
a) A deity-centered creationist view, largely influenced by Christianity
b) Charles Darwin’s theory of the Origin and development of Species
c) New emerging Post-modern view(s)

Some broadly view these in the context of pre-modern, modern and post-modern eras , each
reflecting a specific historical major economic and social revolution in human civilisation. Thus,
Pre-modern (Western) ideas of Man reflected a feudalistic expression of Judaeo-Christian beliefs;
Modern views reflect the influence of the Scientific project and the advent of the Industrial Age;
while Postmodern views are based on Social Constructionist assumptions.

1. Pre-modern View of Man
The basic tenet of this worldview was the idea that the created universe was a hierarchy in which
all created beings were assigned a proper rank and station. Nature then consists of a hierarchy of
obligations and mutual dependence, populated by many creatures, differing among themselves in
gradation of intellect, in form and in species This was congenial with the feudal notion of status.
Within such a feudal hierarchy, every member had his proper rank with its attendant rights and
duties This characterisation of nature bears a striking likeness to institutional analysis in medieval
Europe where a tightly defined social structure ensures dutiful performance by every individual
of a complex set of mutual obligations within a rigidly maintained hierarchical setting.

2. Modern View.
The modernist view is that humans as Homo autonomous are independent, self-reliant,
self-centering and self-integrating rational subjects. It promotes the selfhood of
unrealistic and unjustified optimism. This view emerged during the Enlightenment, and is
associated with the displacement of superstition, religion and traditions by scientific
knowledge and technology leading to industrialization and social progress, the emergence
of the democratic nation state, universal franchise and progressive secularization.
Freed from the control of ecclesiastical authority and the imposition of identity by a rigid
medieval social order, the modern person is found to be a self-made subject. Armed with
the tools of modern science and technology, the heroic modern individual can transform
the world of objects into subjects of the human kingdom, serving the human sovereign
and yielding its riches for human economic self-aggrandisement.

3. Postmodern Views
The rise of postmodernism had led to the view that Man has no fixed centre but is
actually an infinitely malleable self, capable of taking on an indefinite array of imprinted
identities. To postmodernists, there are no over-riding meta-narratives or universal truths,
only playful options and socio-culturally constructed scripts and myths. An objective
realty is giving way to ‘ perspective realities’. Homo Autonomous is giving way to a
person as being in a state of continuous construction and reconstruction. Since there is no essential Me, it follows that I can be whatever I construct myself to be in terms of
personality, area of expertise, appearance., depending on the roles, costumes, setting and
how we want to project ourselves to the word.
Postmodernists want to celebrate decentered self, otherwise despair may set in. Recall
Betrand Russell’s comment about Modern Man’s need for ‘confident despair’, instead of
crying over split milk.
In brief, Postmodernism has decentered self, ethics and society

4. The Prevailing (Hypermodern?) View.
Current views of Man and the nature of Man interpret postmodern ideas through the lens
of the new findings and writings of numerous scientists in various sciences, especially the
life and information sciences. In this view, all living things are patterns that perpetuate
themselves. Life once thought of as God’s handiwork, then as a random process guided
by an invisible hand of natural selection, is now viewed as an artistic medium of creative
advance into novelty. What has brought about this transformation of views? The writings
of two persons helped lay the foundation and molded the current thinking on the nature of man
and self

a) Alfred North Whitehead’s process philosophy provides the philosophical vision for a new
approach to biological evolution
- Nature consists of patterns of activity interacting with other patterns of activity
- This interaction is governed by the principle of ‘anticipation and response’ where
interacting organisms are constantly anticipating the future and making choices on how to
respond to it.
- In the process each organism exhibits some degree of purpose or aim. It is a goal-setting
organism with a ‘mind’ responding to environmental changes in ways to enhance its
survival.

b) N. Wiener’s Cybernetic Theory provides the scientific framework.
- Information feedback and information processing helps organisms to anticipate and
respond to changes
- A living organism is not a permanent form but a network of activity
- Organisms are in formation, works in progress, becoming rather than being
- Negative feedback leads to stasis (maintenance, status quo), positive feedback leads to
transformation
- Organisms are ‘dissipative structures’ maintaining their structure by the continual flow of
energy through their system. Negative feedback helps it to adjust to small fluctuations to
maintain homeostasis.
- Where big fluctuations threaten to destabilise the structure, the system may collapse or
re-organise itself by positive feedback.
- This will lead to a transformation to a new dissipative strucutre of higher complexity and
integration.
- Evolution this becomes the steady advance to increased complexity of organisation with
greater improvement in information processing.

c) It is interesting to note that the philosopher, Immanuel Kant, had earlier (in his Critique of
Judgment) ascribed order, purpose and evidence of design not to nature or to the world as it
is, but to patterns read into it by the mind. Hence it no longer seemed necessary to presuppose
some intelligent ground for this sense of intelligible order beyond the ‘modern’ self. Whereas
previously it seemed irrational to ascribe order to mere chance, Kant now diagnosed ‘the
formal purposiveness of nature as a transcendental principle of judgment’.

d) Thus, rather than organisms being passive, static, mechanistically-assembled beings from the
random process of natural selection, dynamic self-organising processes are moving the organism towards coherent emergent wholes. Such an evolutionary process in creative,
random, selective, self-organising survival has to do with gathering information about the
environment and responding appropriately towards increase computational ability.

e) In this way, nature is cast in the image of the computer and the language of physics
chemistry, mathematics and the information sciences.

f) This new thinking about evolution parallels new ways commerce is being organised in the
network-based global economy.

Implications for the Marketplace
This prevailing view of things thus form the backdrop against which a postmodern
consumer culture emerges, where different products and services are sought for their
‘consuming’ delights. It moves us away from a conceptualization of society and
organisations in terms of ‘assembly lines’ and mass production with their ideas of the
assembly of uniform, interchangeable parts into wholes. Now we think in terms of
networks in which everything is interrelated and must be viewed and organised as wholes
and integrated systems. Technological innovations become socially constructed
projections of a particular world view, nurtured by market forces and made current,
relevant and socially accepted by the prevailing social milieu.
At the same time, there is emphasis on consumer freedom of choice, where the
marketplace is a buffet.smorgasbord/tim-sum environment and we get to choose dishes
according to colour, taste, satisfaction, and price, rather than according to their nutritional
value and a balanced diet.
Here are some implications of this profound re-inventing of society
- Our adjustment to the world around us depends upon the informational windows
that our senses provide.
- Cybernetics has become the primary methodological approach for organising
economic and social activity.
- Corporations are now thought of as information systems embedded in networks of
relationships. They receive both negative and positive feedback from the
marketplace, process the information and ‘learn’ to adjust or transform their
performance.
We are now in the midst of what some call the ‘Creative Age’, characterized by unlimited
consumer choice. new technologies both in information communications and the life
sciences make possible the creation of the ultimate consumer playground, with the
freedom to mold our own biological endowment and the rest of nature in accordance with
whatever script we choose to write. We have the almost godlike power to select the
biological futures and features of the many beings who come after us. This must surely be
the greatest shopping experience of all time.
A new vocabulary of words and terms are emerging to describe the options and socially
constructed futures available to us.
A ‘perspective’ reality now replaces the idea of an ‘objective reality’. The idea that future
states are subject to ironclad laws of causality is giving way to the belief that the future is
a trajectory of ‘creative possibilities’; ‘deterministic’ outcomes are replaced by ‘likely
scenarios’; ‘permanent’ truths by what works (performativity is the rule). These ideas and
concepts are those of a creator, an architect and a designer. This shift from an
‘industrious’ age to a ‘creative’ age moves the focus from production output to
consumerism. Goods are valued for what they mean as much as for their use and people
seem to find meaning in the very act of consumption. Advertising and product image take centre stage and are goods in their own right, often more desired than real products. They
become symbols to communicate our beingness and the technologies that created them
help ( or lat least we hope will help) to perpetuate our well-being. The dominance of
these processes is associated with the emergence of new technologies and communities –
computers, the mobile phone, TV channel hopping, telecommunications, the mass media,
advertising, and the host of services which define the prevailing consumption society.
As individuals we have little control over the kind of research pursued or influence over
decisions made in corporate boardrooms over which kinds of products and service should
be produced. Nor do we have effective easy of countering or turning away from the
barrage of mass media and advertising that are such pervasive forces in shaping our
consumption behaviour and response. Collective action is called for. We need good
marketing education to ensure consumers create markets as much as markets create
consumers.

Global Warming and Bangladesh by Ali Hamid Khan



Neither the world nor the country is in good state environmentally. In these couple of centuries, man has done enough damage to the environment to change weather patterns eco – balance and diversity.

Global warming has triggered melting of glaciers resulting in rising water levels. With land being gobbled up by the rising water mass migration of people is taking place. People are affected by land erosion, inundation of land, disappearing forest, and pestilences, fall in crop production, desertification and other environmental calamities. The planet is on precipice of disaster. Rising temperature has negatively impacted agriculture consequently people are compelled to change their life style and habitats. People are forced to give up cultivation due to conditions, which have made traditional agricultural practices impossible to pursue changing livelihoods engendering poverty and forcing population to leave their homes in search of places where conditions are not as hostile for their survival. They are constantly on the move searching for livelihoods to support themselves. Bangladesh is a country of deltaic plains dominated by three major rivers Padma, Jamuna and Meghna. It is a poor country with a huge population and high density and one of the countries most in the receiving end. It will face environmental disasters, which will be impossible to bear. People are already on the edge and the impending environmental changes will push them further onto the periphery. Prime minister of our country has been very forcefully pushing the Bangladesh case and highlighting the problems faced by Bangladesh, which will seriously hamper the development of the country today and even in the future. She has been haranguing rich countries to act and assist Bangladesh in confronting the problems.

She has aptly placed her fears and urged the rich countries to come forward to help the country and all those poor countries which are going to face the brunt of climate change most to prepare them to face the imminent dangers stemming from global warming.

Bangladesh is a densely populated country and the population continues to grow at a fast pace. Experts fear that the country’s population growing at this rate will definitely cross 250 million by the year 2078. The dangers are real and there are myriad frontiers on which the country has to work to face the future. Most of the people live in the rural Bangladesh and are poor and they are most vulnerable to the change in climate. These are the most to suffer and face the force of global warming. Lives will be seriously jeopardized and social conflicts will rise degrading social order. Now the issue that is most debated is how the rich countries will tackle the situation, for it is due to the development in these countries that climate has been mostly affected resulting in global warming hence they should shoulder the burden and come to the poor countries aid to help them face the dangers and fix the problems in order to minimize the effects. The corollary of climate change is horrifying, they are mass migration, social conflicts and food shortfall that can trigger violent reactions plunging countries into disorder and mayhem. These will have such far reaching and serious consequences that the world will find it difficult to recover and repair the damages if no substantial steps are taken now. The reason that we find ourselves on the precipice is man's greed and wastefulness. Lack of education, scarce knowledge and awareness about the issues on the part of the individuals as well as governments are the reasons behind the state of affairs. The fall out is starkly evident now and will continue to worsen if nothing is done fast. Prompt actions against environmental pollution have to be taken on all areas including industries pollution, river pollution and automobile pollution. Constant vigilance and strong measures have to be maintained to ensure healthy environment.

It is quite evident that global warming has started taking its toll in Bangladesh. The scant resources are under immense pressure. Apart from global warming poverty, over population and lack of awareness are also contributing to the degradation of the environment. Deforestation, destruction of wetlands, depletion of soil nutrients are common issues affecting the country. Natural calamities like floods, cyclones and tidal-bores are common calamities visiting the country at short intervals and aggravating socio-economic and environmental conditions.

Waterborne diseases are a serious threat to public health in Bangladesh. For this tube wells were made common source of drinking.

This later proved pernicious to health as about 25% of the wells were found contaminated by arsenic. Feeding the people of Bangladesh will be a major problem in the coming years with a rise in population and fall in crop production especially rice and wheat due to climate change and also rising population. Bangladesh is believed by experts and agronomists to be the country most vulnerable to global warming.

Serious degradation of livelihood will occur due to climate change.

Drought, floods, water-logging, salinity intrusion etc are signs of climate change that are affecting agriculture seriously.

Global warming is an issue not only troubling Bangladesh. It has shaken all the countries of the world to stand up together and work in unison to save the planet from destruction and eventual annihilation.

Earth day is being observed all over the world since 1970. It is a campaign to bring the people out of their indifference and make them realize that everyone has to individually and collectively do their bits to save the planet. It is to inspire awareness and educate people to respect and protect the environment. It is a drive to educate people and railroad the governments to be more responsible and conscious of their responsibilities; not be wasteful and not to continue the wanton destruction of the natural resources. It is high time we got down to serious endeavors to check and stop the destruction of natural resources, which are being treated in the most reckless, deplorable, and alarming manner.

We are not doing enough at the moment and need to be more involved in the process of healing the planet and helping in replenishing the fast exhausting resources. More policies have to be formulated and steps organized to become more environment friendly and to help in the campaign to save the planet from further degradation and to restore the eco balance. We have to be more energy efficient and put in more effort to this end. We are still wasting water, leaving the gas stoves on even when we are not using them. Lights are left turned on while there is no one in the house.

People are busy with their household chores forgetting to turn off the TV set even when no one is watching. There is lack of awareness about social and environmental issues. These may seem like trivial issues but are at the core of the problem and if practiced with conviction can go a long way in restoring. Forest plunderers and the corrupt officials and traders must be severely punished. Concrete steps to harvest rainwater, which can help immensely in dry seasons and also lessen pressures on aquifers, must be undertaken seriously. All these and many more must be done in the campaign to save planet earth.

I am convinced that we must reach out to the grass roots level and raise their awareness by educating them about all the issues concerning environment and what must be done to save the planet. The new generation must be brought into the fold so that they insist on a changed approach towards the whole crisis. Schools, colleges, universities and all institutions must incorporate different processes to inculcate in the young minds the importance of acting now and without procrastination.

They must be given the true picture so that they can comprehend what is at stake, this will help in mobilization of an educated and concious genaration to come out to face and grapple with the issues. We have to focus on wide range of environmental events to help the people to look at the whole thing from a correct and positive perspective and realize that society is rapidly going in the wrong direction that has to be stopped and we must get down to serious approach towards our environment. There is no doubt rising concern about the state of environmental and the angst is sweeping the world with an intensity that is good for a change in this area. We will prevail if we commit ourselves to change.

Ethics & Corporate Social Responsibility - Maj Gen (Retd) Mohd Aminul Karim





Ethical standards have a very wide ambit that cover areas and levels such as international, national, societal, environmental, individuals, systemic, corporate, suppliers, customers, shareholders and so on . Ethics can broadly be defined as a person’s, since everything is contingent upon an individual’s ethical standards, and beliefs about what constitutes right and wrong behavior. Webster’s Ninth Collegiate Dictionary defines ethics as “the discipline dealing with what is good and bad and with moral duty and obligation”. It should conform to the generally accepted social and religious norms and values. Since all voluntary human activities are governed by ethics and because business is a voluntary human activity, ethics should also govern business. Business is a cooperative engagement whose very existence requires ethical behavior. Any business house would collapse if all its executives, supervisors, employees, and customers come to an unholy alliance that it is morally alright to steal from, lie to, or dishonor their agreements with the company. Bangladesh, ever since its golden days, was famously known or branded for its high quality social, family, and religious values. But of late, it is decaying and degenerating at an alarming pace. This degeneration tends to make everything dysfunctional. Ethical degeneration tends to make us less competitive in the world market or even in the domestic market. And this is having a direct impact on the economy, growth rate, employment both within and without, remittances, social tensions, environmentally sustainable development, transnational crimes etc.

Business ethics is the applied ethics discipline that addresses the moral features of commercial activities. However, in practice varying array of functional areas are covered under its rubric. According to Stanford Encyclopedia of Philosophy under heading “ Business Ethics” (http://plato.stanford.edu/entries-business/- First Published April 16, 2008) mentions, “ Programs of legal compliance, empirical studies into the moral beliefs and attitudes of business people, a panoply of best practices claims ( in the name of their moral merit or their contribution to business success), arguments for (or against) mandatory worker participation in management, and attempts at applying traditional ethical theories, theories of justice, or theories of the state to firms or to the functional areas of business are all advanced as contributions to business ethics”. Clarence D. Walton in his edited book The Ethics of Corporate Conduct concludes, “Business ethics covers areas such as expectations of society, fair competition, advertising, public relations, social responsibilities, consumer autonomy, and corporate behavior in home country as well as abroad.” Business ethics is the analysis of moral norms and moral values; it also attempts to apply the conclusions of the analysis to the assortment of institutions, technologies, transactions, activities, and pursuits that we call business. Business ethics can be both a normative and descriptive discipline. As a corporate practice, it is generally normative. The range and quality of business ethical issues reflect the degree to which business is perceived to be at odds with non-economic social values. Today the corporate world lays stress on commitment to promoting non-economic social values under a variety of headings i.e. ethical codes, social responsibility charter etc. There is now a tendency to redefine the core values of big corporate houses in the light of business ethical considerations.

Code of ethics, comprised of corporate principles and standards of conduct, may direct business decisions and actions. These may be called fundamental or core values which are reflected in the policy manual and are translated into tangible actions by the actors operating in the corporate house. I have my reservations as to how much of these values are formalized and are flowed down the chain of command for its strict compliance. Now herein comes the ethical values of all the individuals like directors, officers, employees, representatives, agents, and may even be the consultants. Each one of them may be made personally responsible and accountable for compliance of the code. The integrity, reputation, transparency, accountability, and profitably would depend on how every individual of the business house follows and implements the code. I would say the situation is not that encouraging in Bangladesh society today. However, it is the private sector corporate houses which are, in fact, sustaining the economy of Bangladesh to a great extent. But there are again enough rooms for improvement.

However, for breach of code, it is not the corporate houses who are to blame but the entire societal system that may include, as often reported in the press, our bureaucracy, political activists, legal system, political culture, customs, immigration, police and above all the corruption culture that permeates through each and every tier and segment of our society . Corporate houses are helpless and many a times handicapped when they have to deviate from the code. But still then they can probably overcome the under and over-invoicing practice, it at all, in the export credit system. It is reportedly known that some of the exporters do not even bring back their revenues earned from exports. A nexus may also be working here. Another case in point could be our industrialists, operating along the bank of the River Buriganga, the River Sithalakhala, and, the River Turag, can help resuscitate these almost dead / polluted rivers by adhering to the code of non-polluting the environment. A Daily Star report on 2 October 2010 on River Turag (Titled, “Indiscriminate Dumping of Waste Vitiates Turag River”)) shows that “the value of Electric Conductivity (EC) was 98mg/1 in 2006 but in 2010 the value has increased a lot to 1800. The level of chloride was only 3 mg/1 in 2006 but in 2010 it has increased to 34”.Many other values have also increased. The author concludes, “If we consider the changes that have been brought about to the values of all the parameters of water of the Turag over the past five years it needs no telling that its quality has been deteriorating day by day alarmingly……it is a matter of fortune that the pollution level of the Turag has not yet gone beyond treatability and that the river has not experienced the massive grasp of encroachments like the Buriganga and Shitalakhya.” Yet another case in point could be: our real estate businessmen may not clog the wetlands and flood-zone areas surrounding Dhaka city for the construction of buildings, markets, stadium etc. These are reportedly done in connivance with the corrupt government or semi-government officials. There could be syndicates operating in such practice. Here the nexus may not allow the implementation of the ethical code. Corruption in almost every stream may be the stumbling block in implementing the ethical standards.

This paper attempts to highlight some of such broad policy issues at different levels and dimensions with special emphasis on Bangladesh. The paper basically provides a conceptual framework linking ethics with CSR. And here the ethics is confined to business ethics.



General Business Ethics



• Although it is generally understood that the objective of any business is to maximize profits but if it solely relies to maximize returns to its shareholders then that could be construed unethical for the company to deny the rights and interests of other stakeholders. Right balance is deemed to be part of ethical behavior.

• CSR, which is linked to business ethics and can be integrated, is being studied subsequently in the paper.

• Issues regarding the moral rights and duties between a company and its shareholders: fiduciary responsibility, stakeholder concept versus shareholder concept.

• Ethical issues within the corporate world like hostile take-overs, mergers, corporate intelligence/espionage etc. One may not tend to see everything ethically wrong in such endeavors. However, the method and procedure of doing these may be scrutinized from ethical point of view.

• Leadership issues like relation between the board and the top executives, styles and types of leadership and overall corporate governance come under the rubric of ethics. Corporate culture also reflects ethical standard. If culture goes unethical, the corporate glue would become weaker resulting in organizational disarray.

• Corporate or general law reform so far as it relates to the ethical issues/debates in the corporate world. It may also have transnational ramifications which are covered later in the paper.

• There are tendencies for the corporate houses to have political linkages. This may be difficult for the corporate houses to overlook; that’s even a reality in the developed world corporate culture. These may be called politico-corporate nexus. However its degree and intensity have to be monitored in order to put an ethical benchmark. Recent bail-out plans in billions of dollars for the big corporate houses at the cost of the taxpayer’s money, in the developed countries, may be viewed by many as unethical.

Ethical issues may also encompass areas such as excessive pay, perks, and privileges given to corporate Chief Executive Officer (CEO) and top management compared to other staff and workers, bribery, kick-backs, facilitation payments which may be seen as anti-competitive or against the values of society, discrimination, when it entails human resource management, based on age, gender, race, religion, disabilities, weight, attractiveness, and sexual harassment. Many of these issues have much relevance in the Bangladesh corporate culture especially in areas of Human Resources Management (HRM) and pay structure. Ethics in production directs a company to ensure that its products and production processes do not cause harm like providing defective, addictive, and inherently dangerous products and services such as tobacco, alcohol, weapons, motor vehicles, chemical manufacturing, and environmental ethics and pollution, as already pointed out, degenerating our River Buriganga and other rivers.

This may also be true in respect of genetically modified food, cell phone radiation, and health hazards. Ethics of intellectual property, knowledge, skill like patent infringement, copyright infringement, trademark infringement or misuse of intellectual property systems to stifle competition such as patent misuse, copyright misuse, patent troll etc. International business ethics are applicable to the investors coming from abroad. There are instances such as they violate local ethical traditions or pollute the environment as they did in Magurchara in Sylhet or they might dislocate a big community of people, without ensuring adequate compensatory or rehabilitation program, if they go for open-pit mining in Fulbari area of Dinajpur. International Oil Companies (IOCs) have signed production Sharing Contracts (PSCs) with Bangladesh where 72% of revenue earnings in foreign currency go to the foreign companies which they take back home while Bangladesh, in whose territory the gas is stored, is paid a paltry sum of 28%. Some of the experts in Bangladesh even predict that in next few years time 70%-80% of the gas fields located both on and off shore in Bangladesh would be controlled by the IOCs. This may then give them greater leverage to dictate the economic/industrial policies of the government. Similar is probably the situation with some of the reputed mobile companies. One such company was fined twice, as reported in the press, for unethical behavior. There could be the possibilities of unethical transactions between the foreign companies and so called consultants/ facilitators, as Professor Steighleigh has branded in his book Making Globalization Work.



Environments Impinging Ethics



• Since business has gone global, competitiveness is on the rise, and therefore companies have to make decisions in a global context. This, at times, affects the employees or customers. Multinational companies take advantage of poorly paid workers in the third world countries. Herein gives rise to the debate over sweatshop labor. Even the substandard products are produced using the brand-name of a reputed company, as part of franchise concept.

• Political environment obtainable at the national, regional, and international levels may affect the corporate laws and regulations that may run contrary to local customs, values, and traditions. Hierarchy of needs may have difference in a third-world country from that of a developed country. Over here a balance has to be worked out. All kinds of imposition may be resisted.

• Socio-cultural environment, especially in the advanced countries, is undergoing sea changes being influenced by immigration patterns and its social impacts. Changes are also discernible in the third-world countries due to huge migration of rural population to urban areas and overuse of natural resources. The immigration and migration pattern may give rise to myriad types of crimes such as drugs, human trafficking, prostitution, gun running etc which may directly impact the societal values, and ethics.

• Technological revolution has made the communications readily available both regionally and globally and as such it has affected the work environment and productivity. Same is true to genetic engineering. The pollen of species of corn that was engineered to kill certain pests, was later found to be also killing certain butterflies. Now the question comes: is it ethical for businesses to market and distribute such unpredictable engineered organisms throughout the world?

• Economic environment like recession, alleged Renimbi devaluation, bail-out plans, resources crunch make significant disruptions in national and regional economies. Role of IMF in handling Southeast Asian financial crisis in 1997 was dubious and some of the countries even rebuffed its interference. Southeast Asian countries learnt a good lesson after the financial crisis; they are now trying to go for more viable integration, at least in the economic field.

Politics and socio-cultural environment that are constantly undergoing changes provide opportunities to certain countries to use technologies and economic clout to exert pressure on certain governments to change rules and regulations, such as allowing gay marriages, changing the age of retirement, banning smoking in public restaurants, interference in domestic politics, companies’ interference in ethnic and tribal conflict, violence etc. A historical example can be cited here: East India Company interfered in the internal affairs of the Bengal Nawabs, initially mainly for commercial purpose, in the mid-Eighteenth Century which culminated in their taking over the reins of entire India. Due to their endemic unethical practices when Bengal was one of the richest regions in the world in the Eighteenth Century turned out to be one of the most pauperized today.



CSR and Business Ethics



CSR and business ethics are gradually converging. Ethics is a crucial element of CSR. Ethical principle, as already highlighted in the paper, concern individuals, societies, environment (natural), greatest good for the greatest number of people (Utilitarianism), and responsibility for the consequences of any actions. No corporate house can be called socially responsible if any aspect of its operations is conducted unethically. Business for Social Responsibility (BSR), the San Francisco-based CSR membership organization defines social responsibility as, “achieving commercial success in ways that honor ethical values and respect people, communities, and natural environment.” There are generally common foundations of CSR and business ethics while there may be different areas of practical focus and application. This is borne out by Mollie Painter-Morland, Director of the Centre for Business and Professional Ethics at the University of Pretoria, South Africa when he says,

CSR and ethics management are underpinned by the same principles i.e. accountability, transparency, honesty, sustainability etc. Whereas ethics management focuses on individual behavior and organizational structures that influence those behaviors within the organization, CSR engages society and a broader group of stakeholders based on exactly the same principle.

CSR and business ethics may not be integrated at the functional level; there can be integrated strategies with the full involvement and support of directors and senior management. Corporate houses should build cultures in which legal compliance, ethical conduct, and social responsibility would be their business outcomes. CSR should be seen as an essential part of generating societal economic value rather than a philanthropic sideshow; however, philanthropic activities cannot be underemphasized. There should be coherent and effective strategies for ensuring ethically and socially responsible business practices. One, however, needs to appreciate that in Bangladesh many of the companies are extending laudable services to the teeming millions in areas such as building hospitals, schools, providing scholarship, tree plantation and other social services.



International Business Ethics



In these days of globalization when market forces are overarching, and almost deciding the destinies of human kind, international business environment impacts day-to-day realities, even in the developing countries. When national cultures and values are, in no way, put in the backburner a common minimum values and standards should be in place to harmonize better business transactions. When you are in Rome behave like a Roman, it is true in matters of etiquette but it can be also true in respect of ethics; however ethical universality is duly recognized. There could be a dilemma here. One has to be careful about the host country’s morally repugnant norms. In the developed countries also, bribery to officials could be a routine matter in order to get the business deals done. But a country with a strong ethical standard may not permit such practice to one of its corporate houses while operating overseas. In order to take care of such dilemmas, United Nations Universal Declaration of Human Rights or the United Nations Global Compact can be seen as a guide to such conduct. The UN Global Compact

enjoins firms to support and respect internationally recognized human rights, avoid complicity in human rights abuses, uphold freedom of association and collective bargaining, eliminate forced and compulsory labor, eliminate child labor, eliminate all forms of discrimination in employment, support a precautionary approach to environmental challenges, promote greater environmental responsibility, encourage the development of environmentally friendly technologies, and work against corruption in all its forms, including extortion and bribery

Many of these directives are already enshrined in the Bangladesh Constitution and Bangladesh is also a signatory to Universal Declaration of Human Rights. So Bangladesh has enough statutory support to enforce these ethical standards when it relates either to a multinational or a local corporate house. But if certain values or standards are compromised deliberately down the line in a society, then the basket of ethics fall flat. We are talking here about a preferred moral theory, a preferred theory of justice or some combination of these factors. In Bangladesh, as understood, there are fault lines both in the procedural and distributive justice system. Both these types of justice procedures contribute greatly to effective and efficient management. Richard De George in his book Competing with Integrity in International Business advocates ten guidelines for the conduct of multinational firms doing business in less developed countries which can be of value in our discourse. These guidelines call for avoiding harm, doing good, respecting human rights, respecting local culture, cooperating with just governments and institutions, accepting ethical responsibility for one’s actions, and making hazardous plants and technologies safe.

Such ethics can better be enforced where ethical standard of the country concerned is high. Otherwise a nexus develops and that eats into the protein of its society as already highlighted. When profit making becomes sole overriding factor, such ethics may not be strictly enforced by the corporate governance and the society at large. In such a situation value generation and regulation enforcement mechanisms are the ways forward. There is now a new realization that regulatory bodies need to play more watchdog role with stronger statutory support. Public awareness role played by the press could be the other way forward.



Concluding Remarks



There is no scope to de-emphasize the importance and relevance of ethical practices in the corporate houses of Bangladesh when many societal gamuts of activities are plagued by unethical and value-deficient practices. This calls for motivation, training and regenerating the age-old values, both social and religious, for the employees, employers and all other stakeholders. Bangladesh suffers from image crisis and it needs a positive branding. Ethical standards, if properly sustained, can take the country to a much greater height of development. It is a difficult proposition but nothing else can compensate it. A good image or goodwill itself can be as an asset for any corporate house. Making quick money is no solution; business has to be sustained nationally, internationally, and environmentally. Sustainability has to be ensured through ethical competitive advantage. And for that ethical standards can in no way be compromised. In this globalized competitive world, one would just vanish if one adheres to the practices of deceit, plagiarism, fraud, dishonesty, injustice, bluffing, hypocrisy, and solely profit seeking. In decision making also ethics have to be considered before its implementation. Decision-making can be programmed, non-programmed, under conditions of certainty, uncertainty, or risks and in all such scenarios ethics should be factored. Leadership or management personnel should be trained and motivated to work ethically under such complexities. Sustainable economic and social values have much to do with the management of 3R’s i.e. Reputation, Relationships, and Risks. Overall the final message would be to institutionalize ethics by applying the concepts into action. This can be achieved by codifying ethics in the corporate or government policy, there could be ethics officers or committees, and by teaching ethics in management development programs. Having a code of ethics is probably a better viable option.