Nobody downloaded yet

Ethics in International Business - Research Paper Example

Comments (0) Cite this document
Summary
  This paper describes the issue of international business ethics is engaging attention at all levels of business organizations, economic and political forums. Business is a social science and human values and ethics in the various stages of decision making are important…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.3% of users find it useful
Ethics in International Business
Read TextPreview

Extract of sample "Ethics in International Business"

Download file to see previous pages Ethical development is more of an intrinsic process and it cannot be captured through the printed literature. Knowledge of ethical theories and practical experience enable an individual to face the critical situations, in personal life or in business situations and enable one to determine which ethical characteristics need to be adopted. Ethics in international business will not accrue through learning theory alone. A number of practicalities are involved as the international business platform is most volatile on many counts. But one thing is certain. It is in the interest of all concerned, international businessmen, policymakers and politicians involved in business decision making, to learn and execute ethical practices. Accountability and ethical principles need to go in tandem which will contribute to the overall welfare of the global business community in particular and global family of humankind in general. International business has the potential to enhance the country’s capacity to produce goods as well as to export or import them. The Friedman Doctrine is aptly described by Campbell Jones (2005). He dissects the doctrine into three parts and writes, “ First, Friedman explicitly recognizes that capitalism is marked by conflict of interest…this conflict of interest is clearly expressed between business and labor….increasing profit is the responsibility of business, and protecting the interests of labor is the responsibility of labor leaders. Between these two groups, there is an unassailable conflict of interest which is a matter of politics and this cannot be wished away by economists or business ethicists.”(p.98) Describing the position of the state and about the social responsibility of the organizations, he elucidates, “ Second, Friedman does not think that the state is a bad thing that should be done away with as if capitalism could continue without the state….Indeed, one of the reasons that Friedman is concerned about business people exercising functions of ‘social responsibility’ is that these business people have not been democratically elected for the purposes of representing the community at large, are, therefore, unlikely to represent the broader interest.”(p.98) And on the ethical issues relating to business, he does the tightrope walking and states, “Third, Friedman expands on the earlier noting that business can engage in competition, ‘so long as it stays within the rules of the fame…the desire of business will be to make as much money as possible, ‘while conforming to the basic rules of society, both those embodied in law and those embodied in ethical custom.”(p.99) This coverage is comprehensive. Milton Friedman (1970) offers detailed comments and expands his arguments, “Presumably, the individuals who are to be responsible are businessmen, which mean individual proprietors or corporate executives. Most of the discussion of social responsibility is directed at corporations, so in what follows I shall mostly neglect the individual proprietors and speak of corporate executives.” (The New York Times)This needs further clarifications. A corporate executive is an employee of the owners of the business and his primary and direct responsibility is to them.   ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Ethics in International Business Research Paper”, n.d.)
Retrieved from https://studentshare.org/business/1458528-ethics-in-international-business
(Ethics in International Business Research Paper)
https://studentshare.org/business/1458528-ethics-in-international-business.
“Ethics in International Business Research Paper”, n.d. https://studentshare.org/business/1458528-ethics-in-international-business.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Ethics in International Business

Ethics & It's Role in International Business - Specifically as it Applies to Arabic Countries

...relationships. Understanding the main problems and creating influential ways of establishing stronger ties between countries can provide both countries with alternatives to growth and development at an international level. Arabic Countries and Ethics in Business The ethics which are included in businesses within Arabic countries are established first by the expectations that are regulated through the government of the various areas. The various establishments expect to have legalities and activities defined by tax, regulations in activities and fair trade practices that are used by the government. More important, the ethical...
8 Pages(2000 words)Term Paper

Ethics and Social Responsibility in International Business

... Ethics and Social Responsibility in International Business Ethics refers to a structure of moral principles, that is, a sense of good or bad and wrong or right of individual behavior accompanied by their motive and consequences. Hence business ethics means the relevance of ethics in business. Specifically business ethics refers to the study of right and wrong, good and bad as well as just and unjust individual behavior in business. Social responsibility is defined as theory where by institutions, company and individual or organization is compelled to behave in way with the intention of profiting the society as whole. This responsibility is usually classified into two that is either passive or active. Passive responsibility refers... of the...
4 Pages(1000 words)Research Paper

International Business Ethics

...?International Business Ethics Moral Universalism Moral universalism is a philosophy that claims there is a universal criterion of delineating the integrity of any behaviour or ethic. The assumption argues that the morality of any behaviour depend on the number of people who practice it or advocate for it, which means that if many people support a behaviour then it is ethically right (Carroll, 2004, p. 116; Deresky, 2008, p 35-36). Examples of Attempts by Multinational Organisations to use Moral Universalism A good example of tendency to use moral universalism is observed in most European countries where individualism is viewed as universally acceptable....
3 Pages(750 words)Essay

Business Ethics In Tyco International

...Business Ethics In Tyco InternationalEthics is one of the most essential requirements of any organization. It means to perform accurate things so as to maintain the morality, image and value of the organization within the minds of the customers. This also helps in enhancing the reputation and reliability of the organization in the market among others. As a result, it helps in amplifying the competitive advantage of the organization resulting in improving its market value and profit margin. So it plays a vital role in a business. Business ethics means the moral rules and regulations followed within a...
3 Pages(1000 words)Essay

International business ethics

...International Business Ethics "Different cultures seem to provide different models of moral virtue, and there may be several, some conflicting, within a given culture. For instance, the ancient Greeks had a place for the virtue of pride (an appropriate sense of one's honor), while medieval Christian monks thought humility more important. The ancient Greeks had a moral ideal of seriousness, which could be expressed in religious, philosophical, or ethical activity, but not so easily in physical production; early modern thinkers, however, recognize a virtue of industriousness, which tend to be expressed in activity related to production, to subduing the physical...
10 Pages(2500 words)Essay

International Ethics

...International Ethics The unequal distribution of wealth and power available will affect the entire nation, bringing every democratic institute into a compromising situation. The relevance of principles of democracy and self-determination were seen as the things which are to be compromised in the happening tragedies. "Somalia during 1991-93," a November 1994 African Rights discussion paper states, "was the apogee of humanitarianism unbound; an episode when NGOs were groping in the dark to find their role, and testing the limits of their abilities and mandates. Later, the United Nations and the U.S. military found themselves in a similar position, and Somalia became, quite explicitly, a guinea pig for...
15 Pages(3750 words)Essay

Discuss the importance of business ethics in international business

...IMPORTANCE OF BUSINESS ETHICS IN INTERNATIONAL BUSINESS of Introduction In today's world where there is so much greed of power and money because of stiff competition, it is imperative to awaken if not to inculcate the spirit of good values, morals and ethics. This must be addressed not only among the owners and the management of giant corporations in the international community but also among the consumers who because of lack of voice and because of so many needs have allowed themselves to become victims of unethical and unfair practices in the international business. It is sad that the...
5 Pages(1250 words)Essay

The Ethics of International Business

...on different stakeholders. It will not be far from truth to say that the agency theory has little relevance on Corporate Governance. Bibliography Brennan, M.J. (1995b), ‘Corporate Finance Over the Past 25 Years’, Financial Management 24, 9-22. Burkart, M. Donaldson, T. (1982) Corporations and morality, Prentice Hall, Englewood Cliffs, NJ. Donaldson, T. (1989 The ethics of international busines, Oxford University Press, New York. Eisenhardt, K. M. (1989) ‘Agency theory: An assessment and review’, Academy of Management Review,, 14, pp57-74. Etzioni, A. (1998) ‘A communitarian note on stakeholder theory’, Business Ethics Quarterly, October, 8...
8 Pages(2000 words)Essay

Business Ethics - Ethical Issues in International Business (U5DB)

...Paying a large tip to secure a better table in a restaurant is the same as offering a bribe in business to secure a contract." Defend or oppose this statement. Before reading this statement, I would have never associated the two actions with one another from a moral standpoint. I believe this is because of how moral standards in one country are often different from those in other locations based on societal norms. In the United States, tipping is customary, so people do not think twice about doing it, and most likely never even consider any negative moral consequences that could occur as a result. However, bribing is certainly not customary in the United States and, thus, is frowned upon from a moral standpoint. When reading... the...
2 Pages(500 words)Essay

Analysis of issues pertaining to business ethics and /or in an international business context

...such as meat should be considered as health issues that should involve health bodies to check the meat standardization. Bibliography Askew, K. (2014). Tesco looks to build trust through ethical trade. [online] Just-food.com. Available at: http://www.just-food.com/news/tesco-looks-to-build-trust-through-ethical-trade_id126222.aspx [Accessed 5 Apr. 2015]. Cavalieri, E. (2007). Ethics and Corporate Social Responsibility. 1st ed. © SYMPHONYA, p.ftp://ftp.repec.org/opt/ReDIF/RePEc/sym/PDF/symjournl109.pdf. Cullinane, S. (2013). Whats behind the horsemeat contamination scandal? - CNN.com. [online] CNN. Available at:...
3 Pages(750 words)Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Ethics in International Business for FREE!

Contact Us