Professional Practice and Ethics

Question: Discuss about theProfessional Practice and Ethics. Answer: Evidence of Global Living in the Community STRENGTHS WEAKNESSES OPPORTUNITIES THREATS Ethical Issues Social Connections The culture of Trinidad and Tobago reflects a mixed culture of Indian, African, American, Chinese, Jewish and in fact Europeans as well (Spiers, Gundala Singh, 2014). Due to the mixed culture, sometimes the ethnic people of the people lose their identity. There is a good opportunity of gaining a social connection from different ethnic groups of people. This mixed culture has resulted in riots, protests and army mutiny. Ethical issues arise as a result of mixed cultures. Issues related to religion and castes are common in this region. Natural Resources Protected Exploited The region has enough forest resources. There is less availability of mineral resources in the regions around. Good opportunity for growing different types of agricultural products. Increased rate of conversion of natural ecosystem to build commercial and residential places. Degradation of natural resources results in unsustainable approach towards the environment. Consumer Goods Imports Exports Major imported products include lubricants, manufactured goods, food, chemicals and live animals. Major exported goods include petroleum and petroleum products, methanol, citrus fruit, vegetables and flowers ( Youssef Morgan, 2013). The exchange rate is not high compared to other exported products of other regions. With forest products, there is a great opportunity of increasing the exported products from the country. With the increase rate of US dollars, the country does not gain good exchange value of the exported products. Sometimes, the ethnic race of the region protests against the increasing exploitation of the natural resources. Media The mass media includes one television station with five channels and two radio stations. The Trinidad Express and Trinidad Guardian are the major daily newspapers available in web as well. Limited number of media channels sometimes does not prove enough to establish a good reputation among the population of the country. There is great opportunity of outside media houses to carry out their business activities in this region. Other major channels like BBC, Guardian and others are more influential and are major threats to the Nation. In case if outside media house expand their business activities in this region, chances of communal riots and violence are expected to occur. Law The law welcomes Foreign Direct Investment. Thus, the country can improve its economic condition. The economy of the region is not strong and coming of major companies might hinder the economy of the Nation. With the increasing FDI, the economy of the country might improve. In case if the influence of other companies increase, the country might have to suffer. The local people might rise up for protest. International Agreements With proper agreements, the nation welcomes many companies and industries. The law of the Nation is weak compared to other places with whom agreements are signed. Changes in law might attract good opportunities for the Country. Other influential company might dominate the nation with their business policy. Protesting for saving own economy might be an ethical issue. Part:- 1 This assignment asks you to provide evidence of globalization in your local context. Examine your community for evidence of globalization. What goods, services, and resources do you use on a daily or weekly basis that has global connections? Complete below graphic Part 2: Study the four approaches to Universal Ethics: The Universal Declaration of Human Rights; a global ethic; the Global Business Standards Codes; and the Caux Principles. Choose which approach resonate the most with you. This is the approach you will work with for this assignment. Make sure your final product is clear about which approach you chose! Write a Business Sales Pitch which will sell your approach to investors who will help you start to make your Country Aware of this Approach to Universal Ethics. The Worlds Religions in Chicago, USA has introduced a document towards a Global Ethic that marked the continuation of a first born tradition. With this approach, it was declared that there should be peace among different religions because there shall be no world peace without the peace in religion (Charles, 2016). Therefore, it is important for the creation of Global ethics among different Nation. In order to continue Global Trade, there should be peace of religion. The declaration of Global Ethics resembles the following thing: Commitment towards a non-violence and respectful life of people Commitment towards a society of culturally solidarity and with just economic order. Commitment of a tolerable and truthful culture of the people in the society. Commitment towards equal rights and partnership between people of different genders. There are irrevocable and unconditional norms for all areas of life including families, races, nation and religion. There are already a number of religions in the World that have different teachings and manifestation. Any citizen cannot be disregarded for their justice in the community where they live. There should be ethical approach towards each person. Trinidad and Tobago is well known for its mixed group of people belonging to different culture and ethnic race (Youssef Morgan, 2013). It is for the same reason, very important to create peace of religion among the people that in case of any kind of trade activities, there might not be any chaos or riots in the complete business process. If a business sales pitch is considered, it can be said that any investor can be attracted on the circumstance that the Company is tolerant towards any religion or any ethnic group of people. This way, the investors can also gain a level of confidence in the company and invest peacefully with a hope that their business activities will be appreciated and valued. References: Brereton, B. (2013). The historical background to the culture of violence in Trinidad Tobago. Charles, R. A. (2016). Examining creative solutions to employment insecurities in Trinidad and Tobago through the use of community media projects. Spiers, S., Gundala, R. R., Singh, M. (2014). Culture and Consumer Behavior-A Study of Trinidad Tobago and Jamaica.International Journal of Marketing Studies,6(4), 92. Youssef, V., Morgan, P. (2013). The Culture of Violence in Trinidad and Tobago: A Case Study.