The Ethical Issues Of Business Corruption Essay

The Ethical Issues Of Business Corruption Essay

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The term ethics mean to accept principles of right or wrong that govern the conduct of a person, the members of a profession, or the actions of an organization. The old saying, “Not everything is black or white,” clearly defines my personal stand on ethical issues in foreign affairs. I am a believer in strong morals and ethical values, but when it comes to global business, I cannot let myself be blinded by my own moral compos. Although, one might question my ideals, it is unrealistic to peruse a career in international business and expect every country, even the United States, to be free of corruption. Sadly, corruption is a plague that has infected every country in one-way or another. In all reality, I would appreciate a world where ethical standards were valued over money, but because this is not the case, to avoid dangerous and conflicting ethical situation, one must be aware of both sides of the ethical spectrum.
Studies show, there are four reasons why business corruption has been so common: wide spread extortion, competitive necessity, independent actions of employees acting against corporate policies, and the view that bribery is justified because they respect local culture. In the international business setting, the most common ethical issues involve employment practices, human rights, environmental regulations, corruption, and the moral obligation of multinational corporations. Lawrence Kohlberg’s Four Component Model of moral behavior could express the grounds of corruption. There are several reasons humans fail morally according to him: insufficient moral motivation, missing the moral issue, defective moral reasoning, and ineffective implementation. The business practice of corruption could be added into this philosop...

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...sly, the most rational way to face corruption is by staying true to the company and home countries moral beliefs and ethical laws: being honest in all communications and actions; Maintain company integrity; Keep promises and fulfill commitments; Bing loyal within the framework of other ethical principles; Striving to be fair and just in all dealings; Demonstrate compassion and a genuine concern for the well-being of others; Obeying the law; Exemplify honor and ethics; Building and protecting the company’s good reputation and the morale of it’s employees; and being accountable. These are some general ways to begin facing the sensitive issue of business ethics and corruption. Organizations of assess and measurements of progress in making a formal and transparent commitment to ethics and integrity in international business are major way to begin diminishing corruption.

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