When it comes to corporate social responsibility, Asia is quickly becoming a leader in the region, as Japanese businesses undergo international influences. According to CSR academic leaders and practitioners this is a welcome progression.
There have been a number of positive changes to Asia business ethics; however, there is still some areas where there certainly remains a need for more improvement. There is a growing awareness and concern for the environment not seen a decade ago. There are shifts towards better treatment of employees, and Asia is now the top area for the IS014001 environment management certification.
Asian corporate social responsibility and Asia business ethics can no longer be ignored if they intend to continue to play on the global market. While some countries within Asia are still highly focused at getting the most amount of profits, regardless of workers and their human rights or business ethics, others have improved significantly in the past decade. This is in part, because countries with far more advanced business ethics than Asia business ethics demand that Asia gets onboard and do more than just talk about improving business ethics, but actually do so.
Events of 2008 sped up the rise of Asian finances and business worlds. While the growing Japanese economic power does pose some challenges at the social and the environmental levels, there is no question that the world necessitates the addition of the Asian business world and the Asian society in order to aid in technological innovation including the design, processes, and concept implementation are key during these challenging times, which include issues such as the eradication of poverty, climate change, and food shortages. To respond to challenges occurring at a global level there is a need to look further and that includes throughout Asia.
It's no secret, for decades Asia business ethics were almost non-existent. Today there are at least 30 business schools who are addressing Asia business ethics and the changing global business environment. Professor Jeremy Moon, at the University of Nottingham and the International Center for Corporate Social Responsibility division, is an expert in Asia business ethics. "The Eastern Turn in responsible enterprise is not an option," says Professor Jeremy Moon. Changes in policies and practices must occur.
The Asia business ethics growth will not occur overnight. It will require time and pressure from the outside world to judge the actions of businesses in Asia, thereby persuading Asia business ethics to improve if they wish to remain competitive and considered in the global market.
No longer are unethical business practices accepted and with globalization the pressure for all of Asia to become compliant to the expectations of other parts of the world that have far more advanced business ethics and practices, will actually become more intense.
In fact, when Asian companies choose to ignore Asia business ethics and it comes to light in the countries of their trading partners the actions are often swift. In the majority of cases trade is broken off, and even in those instances where the products/services continue to be available the consumer is quick to cease supporting such companies.