Mod 8 - Ethics in International Business

7/28/2019 Mod 8 - Ethics in International Business

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Ethics in International

BusinessModule - 8


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ETHICS IN INTERNATIONAL

BUSINESS

ETHICS

Accepted principals of right or wrong governing the conduct of

a person , the member of a profession or the action of an

organization

BUSINESS ETHICS

The accepted principals of right or wrong governing the

conduct of business people

ETHICAL STRATEGY

Strategy or course of action that does not violate these accepted

principals


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MultiethicsAs we are Multilingual, So weare multiethnic

And as we are Multiethnic, so

we are multiethical.


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COMMON ETHICAL ISSUES

Employment Practices

Human Rights

Environmental Regulations Corruption &

The moral obligation of MNC


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Ethical Issues in International

Business

EMPLOYMENT PRACTICES Work conditions:

- hot weather- around toxic chemicals

-No. of hours and pay salaries in developingcountries.

The Nike Case

Levi Strauss


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HUMAN RIGHTS- Freedom is not universally accepted.

- South Africa white rule until 1994

- Investment in China

-Nigeria and Shell


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ENVIRONMENTAL POLLUTION The emission of pollutants, the dumping of

toxic chemicals

Amoral management might move production toa developing nation precisely because costlypollution controls are not required.

No one owns the atmosphere or the oceans, butpolluting both, no matter where the pollution

originates, harms all.


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CORRUPTION Economic advantages by making payments to

corrupted government officials.

Lockheed $12.5 million payment to Japaneseagents and government officials to secure alarge order from Tristar jet from Nippon Air.

This lead to Foreign Corrupt Practices Act in1977


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MORAL OBLIGATIONS

In 1600, the British East India Company

BP, one of oil companies, has made socialinvestments in Algeria, the desert town ofSalah. it built two desalination plants toprovide drinking water for the local


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Ethical Dilemmas

The ethical obligations and use of power arenot always clear cut

In US, executing murderers is acceptable but

Practice of gift giving

Managers must confront very real ethicaldilemmas

- In a poor nation, a 12-yearold girl works in a

factory. .. Two situations


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Recommendations

Courses in ethicsshould be required forgraduation for all levelsof school.


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Mod 8 - Ethics in International Business