COMMERCE 4SA3 Chapter Notes - Chapter 4: Multinational Corporation, Business Ethics, International Business
27 Nov 2018
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Document Summary
Circumstances that affect ethical considerations in the second decade of the new millennium are: political environment (regional, national, and international) Social-cultural environment (immigration around the world and between rural and urban environments: technological environment, economic environment (currency fluctuations, competitive environment (between companies) Mistakes of corporate executive can have international repercussions. Business ethics: accepted principles of right or wrong governing the conduct of business people. Ethical strategy: a strategy or course of action that does not violate these accepted principles. Many ethics are codified into law and many are not. Many groups of identified cultures use technology and economic influence to exert pressure on governments to change rules and regulations. International business can still gain economic advantages by making payments to corrupt officials. 1997 trade and finance ministers from the member states of the organisations for economics. Cooperation and development (oecd) followed the us lead and adopted the convention on.
