Business Ethics Of International Business Culture,...

Name: Mohamad Alqahtani Instructor Name: Keith Kelley Course: INB385 International Business Date: October 11, 2015 Response to Ethical Challenges in International Business: Culture, Consumers and Employees Introduction General business ethics applies in the case of international business. However, international business ethics poses a particularly different difficulty- from domestic business- as a result of the scope of diversity that managers have to deal with: cultural, economic and legal, etc. Although the contents of business ethics are to an extent informed by the legal framework (including laws and regulatory policy), it is important to distinguish the legal from the ethical concerns. Besides, not all nations have the same laws governing the issues that ethics concerns itself with. Companies may take advantage of lax legal situations in certain countries, especially the developing world, to conduct unethical business. Yet, all companies, wherever part of the globe they are, have the obligation to take these issues seriously: discrimination based on race, gender, culture, sexual orientation, religion, age; poor or unsafe labor conditions and pay; bribery and corruption; thievery of land, money and other natural resources and/or intellectual property; pollution; national discrimination based on trade partnerships (tariffs, barriers, embargos); currency manipulation; price-fixing; product-safety; national security; stakeholder importance, among many others. ThisShow MoreRelatedEssay about Business Ethics1439 Words   |  6 PagesWhat is ethics? Ethics can be defined as a set of principles used by an individual to govern his or her decisions in an effort to ensure fairness and equality. Business ethics, as defined by the Stanford Encyclopedia of Philosophy is the applied ethics discipline that addresses the moral features of commercial activity. 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