ipl-logo

Preparing For Forum 2: Ethics In Global Business

1251 Words6 Pages

Key Term and Why I am Interested in it The Key term I am selecting for Forum 2 is Ethics in Global Business. I am interested in topic due to how US businesses interact within countries whose standards are viewed as unethical for businesses operating in the United States. Key Term Business ethics is study of what is considered right or wrong according to moral and social norms for each given country. Satterlee, (2012) emphasizes that global ethics may vary from country to country, but there are also several values that most countries would consider to be Universal (p. 52). It is commonly considered unethical to be deceitful in your business trading or partnerships. Most countries would be appalled at taking another humans life, although physical, …show more content…

Gift, M., Gift, P, and Zheng underscore how individuals in China and the US may falsely view the other countries ethical and moral beliefs (2008). Regardless of the survey questions on ethics that resulted in the same answers for China and the US, the authors found that the results strongly suggested that each country simply perceived the other would have a differing viewpoint. Gift et al also stresses the importance of fully studying the ethical standpoints of those countries an individual may be doing business with …show more content…

With China being the lowest ranked in E-ethics according to Chen et al, it can be seen that the Asian people desire a corporate culture that enforces ethical decision making (Srinivasan, 2011). Srinivasan points out that the rapid growth of businesses in Southeast Asia, in regions plagued by corruption, may lead to inequality and injustice as well (2011). A majority of the articles in my study focus on the importance on not only teaching ethics to business students, but also of teaching the specific religions of the regions. In order to better create a code of international and even cyber ethics, the business world and broader populations should seek to understand the importance of our cultural and religious

Show More
Related
789 Words | 4 Pages

Like in the example above knowing the donor had a disease but selling the tissue anyway. There are now regulations for tissue donations but not for the human remains business as a whole. Once regulations are put in place they need to be enforced and organizations need to be audited to make sure they are within compliance. Another concern is conflict of interest; if you are a funeral

Read More
277 Words | 2 Pages

C., Fraedrich, J., & Ferrell, L. (2015).Business ethics: Ethical decision making & cases (10th ed.). Mason, OH: Cengage. O 'Sullivan, Arthur; Sheffrin, Steven M. (2003). Economics: Principles in Action. Upper Saddle River, New

Read More
1135 Words | 5 Pages

Students are tasked with learning general business ethics and ethical situations and then comparing and contrasting those with Biblical context. Since, this is the best example of the Hickingbotham School of Business blending business with faith, this shows that very few classes incorporate a great deal of Ouachita’s mission of integrated faith-based studies. One way the School of Business could blend more faith with business would be to have more Christian elements incorporated into the Business Core classes. This would include study business law and then how those laws compare to Christian doctrine, understanding a person’s behaviour and then learning how to manipulate that person within Christian doctrine, and how to work with companies and others that have other belief systems other than

Read More
1347 Words | 6 Pages

The implementation and education of the ethical decision-making model promote moral awareness and company values that can mitigate ethical dilemmas to an extent. The aftermath was devastating for Wells Fargo not just economically but for its image. The corporation can introduce this model in training courses for new hires and current employees. Also ensuring management comprehends the prominence of ethical decisions and are aware that they are the wheels of the car, therefore, lead by example. If the corporation initially had prioritized ethical values and decision-making evaluations at every level of the business, this scandal could have been prevented at least its magnitude.

Read More
1894 Words | 8 Pages

This paper compares USA and China ethics, drawing their similarities and differences in different levels. Thesis statement China and USA are the leading countries in terms of economic growth. The ethics governing the two countries have played a significant role in shaping their economies and also foster the main challenges the two governments are facing. The ethics of different states vary and ethical dilemmas are often; in this case, the paper comparatively analyzes the ethics of China and USA.

Read More
549 Words | 3 Pages

Patagonia is a very popular clothing company that provides high quality wear designed for people that enjoy being outdoors. The provide good quality warm clothing such as jackets and flees for reasonable prices. Not only do they provide a great product, but they also make it their aim to make a positive impact by contributing to the industry and by also creating high standards and values which is something that popular brands should always do. Profitability for a company is linked to their ethical standards because it builds a reputation for the brand. It has been found that many investors determine if a company should be invested in by also looking at their social impact.

Read More
1311 Words | 6 Pages

Therefore it is beyond the scope of the ethical mind to make the determination of whether the output of the creating mind is in fact ethically valid. But applying principles of the ethical mind in real life and real workplace settings is not always easy. But one thing is certain: if one hides behind a "veil of ignorance" and deliberately shuts off one 's mind to one 's real position in the world, then one is certain to have a faulty ethical mind that makes bad ethical decision (Gardner 9). For instance, the companies globally are now under scrutiny for setting up off-shore shell companies in the tax heaven through a Panamian law firm called Mossack Fonseca (“Giant”). This scandal shows the huge willingness of global corporations and even powerful political leaders

Read More
806 Words | 4 Pages

Here in the United States we have laws in place that push those here to act ethically. Essentially these laws hold people to a degree of ethical responsibility. Those in the United States are expected to adhere to these laws. They hold those accountable for their actions.

Read More
1034 Words | 5 Pages

A business’ ethical responsibility clarifies the principles, norms or expectations that have to deal with the employees, consumers or the host community affected by a business’ activity. Carroll expresses the importance for a corporation to adjust to their host community. The actual societal and ethical customs of the given host may in fact go beyond what is at present required by law – making it vital to know that the corporate integrity and ethical conduct may possibly go beyond law and regulations of the given host country (Ibid: 42). In the case of MNCs, this type of situation can happen when conducting business in a country where its legal systems are non-functioning and likely suffers from oppressed regimes and corrupted government officials

Read More
802 Words | 4 Pages

Business Ethics: Managing corporate citizenship and sustainability in the age of globalization. 2nd ed. England: Oxford University Press, p. 54-55. 4. & [Figure1].

Read More
958 Words | 4 Pages

The virtue theory, which pursues virtuous principles, strategies and actions, can lead companies to understand their values, including mission, purpose, profit potential and other objectives. Virtuous employees tend to perform their roles consistently and competently in the direction of the company's goals. Virtues are the kind of thing you allow someone to take action to appreciate. Business people increase their likelihood of reaching their values and goals when they reach Objectivist virtues. Virtues emphasize the importance of each employee's valuable contribution.

Read More
2901 Words | 12 Pages

Business ethics also referred to as corporate ethics can be considered as either a form of applied ethics or professional ethics. Its purpose is to analyse ethical principles and also moral as well as the ethical problems that might arise in a business environment. Business ethic is applicable to all parts of business conduct and also takes into consideration the conduct of individuals and the business organizations as a whole. Business ethics can be divided into normative and descriptive discipline. For the purpose of this assignment, the Nestle Company has been chosen.

Read More
730 Words | 3 Pages

Any unfair trading that is committed is treated as criminal offence under EU law. This could be false information, omission of any information or fails in identifying the commercial intent of commercial practice. Ethical Issues Ethical issues in international business are rooted in the fact that law, development, political system and culture vary from country to country. There are 5 most common ethical issues in international business which are: Employment Practices – The working condition of each country differs from other country.

Read More
1039 Words | 5 Pages

Basically, ethics are at their essence which is it is the moral judgments about what is right and what is wrong. Business ethics is focusing on examine the policies and conduct within the context of commercial enterprise in an organizational as well as in an individual level. In business, the ethics in business is an applied ethics where professionals and researchers use principles and theories to solve any ethical problems that exist in business. At the quarter of the 20th century, as technologies like internet have made world business or international business all more viable, the business ethics domestically have grown in importance along with the power and significance of major businesses. So that, international business ethics take center stage as a major concern of the modern era.

Read More
1024 Words | 5 Pages

As children, we were taught by our parents that it is wrong to lie, cheat, and steal. As we grow up and enter into the real world with some knowledge of right and wrong, we see, first hand, the importance of ethics as well as its complexity. The role of ethics in our society and in an individual’s life is very necessary because it has a large influence on today, as well as the future. We need to learn about good ethics because they guide our decisions, make us who we are, and determine our future.

Read More

More about Preparing For Forum 2: Ethics In Global Business

Related Topics

Open Document