Ethics refers to accepted principles of right or wrong that govern the conduct of a person, the members of a profession, or the actions of an organization
Often a function of differences in economic development, politics, legal systems, and culture
Certain practices in one country may be unethical
when judged by other countries (Western) standards
Most common ethical issues involve employment practices, human rights, environmental regulations, corruption, and the moral obligation of MNCs
Original Title
Ethics & Social Responsibility in International Business (1)
Ethics refers to accepted principles of right or wrong that govern the conduct of a person, the members of a profession, or the actions of an organization
Often a function of differences in economic development, politics, legal systems, and culture
Certain practices in one country may be unethical
when judged by other countries (Western) standards
Most common ethical issues involve employment practices, human rights, environmental regulations, corruption, and the moral obligation of MNCs
Ethics refers to accepted principles of right or wrong that govern the conduct of a person, the members of a profession, or the actions of an organization
Often a function of differences in economic development, politics, legal systems, and culture
Certain practices in one country may be unethical
when judged by other countries (Western) standards
Most common ethical issues involve employment practices, human rights, environmental regulations, corruption, and the moral obligation of MNCs