ETHICAL PRINCIPLES IN BUSINESS 3.1 Ethics Ethics has been defined as concerned with the development of moral standards by which actions, situations and behaviour can be judged. (Boyd et al) Oelgeschlager. et al gave the simplest definition of ethics as standards conduct. Ethics is the discipline that examines one’s moral standards or the moral standards of a society. It asks how these standards apply to our lives and whether these standards are reasonable or unreasonable, that is, whether they are
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Social Responsibility in International Business 1 Ethics and Social Responsibility in International Business Ethics and Social Responsibility in International Business 2 Table of Contents Introduction ..................................................................................................................... 3 Defining Ethics and Social Responsibility ....................................................................... 3 Do Countries with Lower Ethical Views Attract Businesses
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provide standard of conduct for the internal operations of the company to limit and reduce violations of the law within an organization. The plan is to reduce negative events from becoming legal liabilities. Definitions The people involved in this Compliance Plan are any person who is involved in business activities and transactions within an organization. 1. Employees – any person that is paid by the organization pertaining to services provided by the organization. 2. Contractors – person’s
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Ethics Case Study - Student Gets a Better Job Offer Step 1: Recognize: Define the ethical problem from all perspectives. • The student did not tell company B after accepting to work there that he already accepted to work company A. • The student did not notify career services office about any of this. Step 2: Clarify the Facts • The student agreed to work for company A at the beginning, because he did not hear from company B (yet). • The student later was accepted to work for company B;
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Chapter 1 An Overview of International Business International business – business transactions between parties from more than one country. The global economy – an economy in which national borders are irrelevant The global manager – The early era of international business – Basic Forms of Global Business Activities Exporting and Importing Exporting – the selling of products made in one’s own country for use or resale in other countries. Importing – the buying of products made in other
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Boeing operates the International Space Station and the Space Shuttle National Aeronautic Space Administration (NASA), Boeing functions of management is the important factor to the success of the company. Boeing Management Planning Functions Boeing has many departments therefore lack of planning would place the company in a vulnerable position for failure to motivate employees and meet deadlines. Boeing has developed a very unusual organizational structure, which assumes two business solutions tied
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International business International business is a term used to collectively describe all commercial transactions (private and governmental, sales, investments, logistics, and transportation) that take place between two or more regions, countries and nations beyond their political boundary. Usually:- Private companies undertake such transactions for profit Governments undertake them for profit and for political reasons. It refers to all those business activities which involves cross
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Introducing business ethics. Key idea: Globalization, defined as deterritorialization of economic activities, can be seen as a key context for business ethics. The effect of this is that the more business become global, the more it has to cope with regions and countries where ethical values are vastly different, p. 17, 19, 24, learning outcome 1, 2. Question 1: In which of the following areas is it not evident that deterritorialization is particularly relevant to business ethics? 1. Legal issues
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International Commercial Risks Maria Mendoza Suarez LAW 421 June 16, 2014 Michael Green International Commercial Risks International law is not a simple process to adhere to, especially when trying to conduct business abroad. According to Melvin (2011), international law is best defined as a “body of rules and principles of action binding on countries, international organizations, and individuals in their relations with one another” (p. 631). Contracts and legal agreements are a crucial instrument
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For the modern business ethics are a priori questions of corporate social responsibility. Opinion that the financial well-being of the least compels her to ethical behavior, is fundamentally wrong, the very life and business practice postulated the following statement: "Good ethics is good business." Otherwise, a negative reaction on the part of customers and partners will inevitably lead to a significant reduction in the profitability of the company, and widely disseminated by the media unsavory
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