How do they fix it?! T. L. Ceranic

Business & Society (ETLW 302) Specific challenges faced  Differing political beliefs  Sanctions

Labor regulations/standards T. L. CeranicBusiness & Society (ETLW 302)

Interconnected economies T. L. CeranicBusiness & Society (ETLW 302)

Cultural Differences

“Fighting is in our DNA.” -Dana White

What’s their best option?  China  India  South Korea

How to proceed?  What needs to happen to decide the country that is the best “fit” for UFC?  What types of entry options exist?

So what did they decide?

China  TUF China – December 7, January 26, Finale: March 1 st in Macao -Kim Dong-Hyun “Stun Gun” – Cung Lee = mentor – Some issues…  Office IN China

India  TUF India – Announced as partnership with Sony Six  Looking to do several live events in the area

S. Korea  New fighters – Chan Sung Jung – Dong Hyun Kim  ‘Korean Zombie’ says UFC needs to show more sensitivity toward Asians  Live event in Singapore

What Lorenzo knew: =

Solid organizational decisions utilize  Ethics – Individual – Organizational  Stakeholder analysis  Cultural awareness

T. L. CeranicBusiness & Society

UN Global Compact  1: businesses should support and respect the protection of internationally proclaimed human rights  2: make sure that they are not complicit in human rights abuses  3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining  4: the elimination of all forms of forced and compulsory labour  5: the effective abolition of child labour  6: the elimination of discrimination in respect of employment and occupation  7: businesses should support a precautionary approach to environmental challenges  8: undertake initiatives to promote greater environmental responsibility  9: encourage the development and diffusion of environmentally friendly technologies  10: businesses should work against corruption in all its forms, including extortion and bribery

Other Codes of Conduct  OECD Guidelines for Multinational Enterprises  Global Sullivan Principles  Caux Principles T. L. CeranicBusiness & Society (ETLW 302)

Is it enough?  Sweatshops and child labor Sweatshops and child labor  Human trafficking Human trafficking T. L. CeranicBusiness & Society (ETLW 302)

Global justice movement  Anti-globalization movement T. L. CeranicBusiness & Society (ETLW 302)

IMPACTONIMPACTON GlobalistsAntiglobalists Consumers Free trade promotes lower costs, etc. Benefits the wealth at the expense of the poor Employees Faster economic growth Higher wages Improved working conditions Places profits above people Environment Creates resources needed to address environmental issues Exploits and destroys ecosystems More pollution Developing Nations Promotes national economic development, higher standard of living, better working conditions, cleaner environments. World financial institutions conspire to keep poor nations in debt Human Rights Creates cultures that support law and free expression. Spreads economic / political freedom to far corners Corporations pursing profits ignore human rights violations, abuse of workers, free speech, etc. Pros and Cons of Globalization Figure 10-1