Ethics in international business
description
Transcript of Ethics in international business
By:Vineetha.C
MHROD
ETHICS IN INTERNATIONAL BUSINESS
EthicsEthics: It is a discipline dealing with what is
good and bad or right and wrong or with moral duty and obligation
Social responsibility : It is moral, legal or mental accountability
These terms make up the foundational principles and character which drives the decision of a company and individual present
Conti..It is a study and governance by which
acceptable standards are based onDo countries with lower ethical views
attract business ?Some aspect answer is yes but overall
answer is no.
Conti..Banana republic : A country that is
politically unstable, dependant on limited agriculture and ruled by a corrupt elite class that is heavily influence by MNC
FDI tends to be greater in countries with stronger workers rights –> higher labour standards – >higher economic growth
Can Ethical Business Practices Be Applied Globally?Accepted code of ethical standards is difficultHonesty, Integrity and loyalty Ethics change over time –GladiatorEthics should evaluated under situation and
circumstance
Example1970 –USCalifornia Toyota –JapaneseChange – Technology, Physical Lay out, People
and Structure17 levelsBusiness cardDirector of welding improvement“I made this car. Have any problem ? Call me.”Value them and understand them
Ethical IssuesChild LaborForced LaborDiscriminationHealth and SafetyWorking HoursCompensationThe right to free association
ETHICS PHYLOSOPHYWesternKant Philosophy – Duty ethics-Act out of
dutyAristotle- Virtue ethics –Act out of valuesAristotle focused on the actorKant focused on the action
VirtuePrudence/Wisdom (exercising sound
judgment in practical affairs.)Justice (proper moderation between self-
interest and the rights and needs of others)Courage (the ability to confront fear, pain,
risk/danger, uncertainty, or intimidation)Temperance (practicing self-control,
abstention, and moderation)
Conti..Moral virtue, or excellence of character,
concerns what we do voluntarily, and not what we do because we are forced to do so.
Kant-The basis of moral action is duty. When we exercise the goodwill to decide to follow our duty, then our actions have moral value.
We shouldn’t treat people as a means to an end, but as ends in themselves.
“Certain actions are right or wrong regardless of the consequences.”
Utilitarianism
Conti…Eastern –People are intrinsic and
inseparable part of the universe. So one must do what is right and expected and universe will take care of the rest
DifferenceWestern Eastern
Focus Finding Truth Protocol and Respect
Basis Rational Thought Religious Teachings
Emphasis Logic, Cause and Effect
Respect towards family
Roots in Rome , Christianity etc
Hinduism , Buddhism etc
Approach Rational Holistic and Cultural
Conflict & Harmony Good must triumph over Evil
Good and bad ,Light and Dark all exist in equilibrium
Thank You…