Globalization Of Business Ethics

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Recommended: Ethics in the corporate world

“The more one knows ethics, the more it is used and the more useful it becomes”-Plato, The quote by Plato is a reminder on just how important ethics is and how important it is to educate yourself on proper ethical practices. In the following paper I would like to look at the topic of global business ethics. Recent studies in business ethics have shown both remarkable similarities and differences across cultures with respect to attitudes toward questionable business practices. First I would like to talk about the affect that culture has on ethical behavior. Next, I would like to talk about ethical complexities and challenges facing businesses that operate internationally, mainly focusing in on multinational corporations and the ethical problems they face. As recently as a decade ago, many companies viewed business ethics only in terms of administrative compliance with legal standards and adherence to internal rules and regulations. Today the situation is different. Attention to business ethics is on the rise across the world and many companies realize that in order to succeed, they must earn the respect and confidence of their customers. Like never before, corporations are being asked, encouraged and prodded to improve their business practices to emphasize legal and ethical behavior. Companies, professional firms and individuals alike are being held increasingly accountable for their actions, as demand grows for higher standards of corporate social responsibility (http://www.enterweb.org/ethics.htm).

First, the affect that culture has on ethical behavior. Corporations and individuals, especially corporations doing business globally, must understand and evaluate the cultures of the people with which it wishes to do business in ord...

... middle of paper ...

... face when conducting business globally. Thank you

Work Cited Page:

1. No Author, May 19th, 2005: Business Ethics and Corporate Social Responsibility

Found at: http://www.enterweb.org/ethics.htm

2. Pitta, Dennis A, Fung, Hung-Gay, Isberg, Steven: Ethical Issues across cultures: Managing the different perspectives of China and the U.S., (Schien 1985).

Found at: http://home.ubalt.edu/ntsbpitt/ethics.pdf

3. Kohls, J. and Buller, P. (1994), ``Resolving cross-cultural ethical

Strategies’'

Found in: Journal of Business Ethics, Vol. 13, pp. 31-8.

4. Ferrell, O.C., Fraedrich, John, Ferrell, Linda: Business Ethics-Ethical decision

making and cases, 7th Edition, Copyright 2008

Published by: Houghton Mifflin Company

5. Storm, Brad, May 2007: Ethics as defined by business leaders

Found at: http://www.managerwise.com/article.phtml?id=523

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