The importance of business ethics in international business - Essay Example

It is a fact the world over that business entities need to have proper ethical regimes in place so that shortcomings in the wake of financial and managerial undertakings are not witnessed. International business concerns and organizations thrive on such an environment when the fair play in the provision of public services is there for the people and the different institutions are doing their utmost to make sure that common grounds of sanity are in place as concerns to the very same discussion.

Thus the aspect of local and national cultures gain all the more significance when the ethical and moral constructs come under consideration as they account for a heavy workload in the provision of these public services. (Brotherton, 2000) The mindset of the top management hierarchies similarly gains immense essence since it is these people at the top who will make the decisions and provide the services on a constant basis. The top management has to be on its toes as far as accountability issues are concerned since they are answerable in front of the public and for that they must remain vigilant at all times.

(Ferrell, Ferrell & Fraedrich, 2006) The local level culture of any area or region holds significance but not that much as compared to the national scene since on the global front it is the country which counts more than the regions and areas that come under the fold of the country. Moving on, one finds that addressing the issue of a certain code related with the following of ethical standards is indeed deemed as pretty significant right from the onset. Within the competitive world of business, the code of ethics is in essence the code taken or applied by different business institutions which eventually guides in the working and controlling of that corresponding work area.

The code of ethics gives an overview of the responsibility and steps taken for the betterment of the