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Ethics in International Business

Module - 8

ETHICS IN INTERNATIONAL BUSINESS


ETHICS Accepted principals of right or wrong governing the conduct of a person , the member of a profession or the action of an organization

BUSINESS ETHICS The accepted principals of right or wrong governing the conduct of business people
ETHICAL STRATEGY Strategy or course of action that does not violate these accepted principals

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Multiethics
As we are Multilingual, So we are multiethnic And as we are Multiethnic, so we are multiethical.

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COMMON ETHICAL ISSUES


Employment Practices Human Rights Environmental Regulations Corruption & The moral obligation of MNC

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Ethical Issues in International Business

EMPLOYMENT PRACTICES
Work conditions:
- hot weather - around toxic chemicals - No. of hours and pay salaries in developing countries.

The Nike Case Levi Strauss

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HUMAN RIGHTS
- Freedom is not universally accepted. - South Africa white rule until 1994 - Investment in China - Nigeria and Shell

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ENVIRONMENTAL POLLUTION
The emission of pollutants, the dumping of toxic chemicals Amoral management might move production to a developing nation precisely because costly pollution controls are not required.
No one owns the atmosphere or the oceans, but polluting both, no matter where the pollution originates, harms all.

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CORRUPTION
Economic advantages by making payments to corrupted government officials. Lockheed $12.5 million payment to Japanese agents and government officials to secure a large order from Tristar jet from Nippon Air.
This lead to Foreign Corrupt Practices Act in 1977

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MORAL OBLIGATIONS In 1600, the British East India Company BP, one of oil companies, has made social investments in Algeria, the desert town of Salah. it built two desalination plants to provide drinking water for the local

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Ethical Dilemmas
The ethical obligations and use of power are not always clear cut In US, executing murderers is acceptable but Practice of gift giving

Managers must confront very real ethical dilemmas


- In a poor nation, a 12-yearold girl works in a factory. .. Two situations
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Recommendations Courses in ethics should be required for graduation for all levels of school.
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Recommendations
We have to find effective policies to: counter corruption, reduce greed and self-centeredness, encourage honor and honesty, promote parental guidance to establish a sense of values, reduce the barriers to the freedom of inquiry, encourage respect for legitimate authority, support the identification and success of the influence of role models, implement cost-effective strategies for global education for a more enlightened world, and find ways to make behavior match the values people say they believe in.

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