Eleventh Global Studies Conference

Abstract

The decision-making process in business administration adheres to economic interests and profits as the main functions of corporations. During the last century, identified as modernity, social responsibility for business was strictly tied to create profitability. The “Global Age,” a concept used by Martin Albrow, will support my premise that many ideas generated by modernity are bound to disappear with the capabilities brought by different forms of communication and technology that has arisen. This particular paper will focus on the idea of the ethical bases that corporations take into account in their decision making process and how the modern concept of profit, although still remaining strong, will be counterbalanced with moral and ethical outcomes because of this global idea.