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Social media in the workplace
Are technology and globalization destined to drive up inequality ?
1
Economical impact due to technological factors
High GDP
Reducing cost
Increasing per capita income
Due to technological advancement economical benefits received by a company like High GDP, low cost, national income and others
2
Influence of technological factor in business
Engine efficiency
Automation
Usage of internet
Business received a lot of benefits due to technologies like engine efficiency, automation and usage of internet connection.
3
Laws and regulation in business ethics
The False Claims Act (1863)
Foreign Corrupt Practices Act
The Federal Sentencing Guidelines (Ethicalsystems.org, 2019)
False claims act, Foreign corrupt practices act and the federal sentencing guidelines are some important laws involved with business ethics
4
Factors involved in globalization
Economical factor
Political factor
Socio-cultural factor (Bretos and Marcuello, 2017)
Economical, political and socio cultural factors are involved with globalization
5
Factors of globalization
Economic
Political
Socio-cultural
Current trends of globalization
GDP 50 trillion USD in 2000 to 75 trillion USD in 2016 (Un.org, 2019)
Labor markets are associated with higher rates of income inequality
Achievement sustainable development
World GDP has been grown from 50 trillion USD in 2000 to 75 trillion USD in 2016, this is one of the most notable globalization trend
6
Business issues due to globalization
Globalization makes regulations virtually impossible for one country to foresee
Increase...