Download file to see previous pages
American culture however, does not recognize friendship in business. As a result, practices such as personal contacts towards monetary appreciations in transactions are considered corrupt and are unethical. A practice may therefore be ethical in one community but unethical in another community because of the involved cultural differences that establish ground for ethical considerations (Ambler, Witzel & Xi, 2009).
Taking part in corruption in an international transaction may therefore be ethical or unethical, depending on a person’s culture. An individual whose culture considers corruption ethical will therefore assume its morality in an international business transaction while a party whose culture considers corruption unethical will assume a corrupt activity in an international business transaction to be immoral. Corruption in international business may also be legal or illegal. This is because of difference in domestic laws that may allow for or prohibit corruption (Czinkota, Ronkainen & Moffett,
...Download file to see next pagesRead More
Cite this document
(“Ethical Issues in Business DB Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Ethical Issues in Business DB Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/business/1607745-ethical-issues-in-business-db
(Ethical Issues in Business DB Essay Example | Topics and Well Written Essays - 250 Words)
Ethical Issues in Business DB Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/business/1607745-ethical-issues-in-business-db.
“Ethical Issues in Business DB Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/business/1607745-ethical-issues-in-business-db.
In this way, they feel as part of their organizations, an aspect that enhances their productivity. Major advantages of upholding ethics in a business include reduced labor turnover, employee’s motivation and retention and positive relationship between the employer and the employees.
Ethics is also a crucial part and parcel of any religious perspective, for example, Christianity. In business activity, profit maximization is the ultimate goal to any corporate organization or individual. Business ethics is a form of professional or applied ethics that relates the basic rules of ethics with real business activities.
The fact that legislation is a catalyst for economic growth and development is well known. Differing economic, cultural and political circumstances abroad also suggest the need for a better understanding of employees with a broad context is important. Fortunately, the ability to study the implications of policies on economic growth abroad is expanding rapidly as a result of the emergence of global private equity markets and micro finance.
It has been a leader in flavoured alcoholic beverages like Smirnoff Ice and spirits. The company boasts of a corporate business behavior enshrined in the codes and policies followed by Diageo worldwide, showing strict adherence to its corporate social responsibility.
People who prepare the financial statements often distort communication between the shareholders and entities in the organization and pass on totally different message. This is known as ‘creative accounting’ or ‘earnings
“Morals define personal character, while ethics stress a social system in which those morals are applied” (Wisegeek, 2012). Morals are an introspective view of the morality of the person. The culture where a person is raised can affect the ethical behavior of its
It goes beyond philanthropy and compliance and addresses how companies manage their economic, social, and environmental impacts, as well as their relationships in all key spheres of influence: the workplace, the marketplace, the supply chain, the community, and the
The author states that every business has an impact on the people not only directly associated with the business such as suppliers, employees, customers etc. but also on the environment and the society at large. It is very important for the businesses these days to analyze the impact on their stakeholders.