COMMERCE 4SA3 Lecture Notes - Lecture 4: Ethical Dilemma, Multinational Corporation, Business Ethics
21 Feb 2017
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Business ethics: accepted principles of right and wrong governing the conduct of business people. Ethical strategy: a (cid:272)ou(cid:396)se of a(cid:272)tio(cid:374) that does (cid:374)ot (cid:448)iolate a (cid:272)o(cid:373)pa(cid:374)(cid:455)"s (cid:271)usi(cid:374)ess ethi(cid:272)s. Many of the ethical issues in international business are rooted in the fact that political systems, law, economic development and culture vary from country to country. The most common ethical issues involve exchanges of money, employment practices, human rights, environmental regulations, corruptions and the moral obligation of multinational corporations. Employment practices: ethical issues may be associated with employment practices in other nations, employment practices influenced by outsourcing. Human rights: some rights are not universally accepted. Corporations contribute to the tragedy of the commons. Canada is an exporting nation and exporting leads our economy. Our ability to be competitive exporters depends on the perceptions of international customers, as well as other influences in the economic environment. F(cid:396)o(cid:373) a(cid:374) i(cid:374)te(cid:396)(cid:374)atio(cid:374)al (cid:271)usi(cid:374)ess pe(cid:396)spe(cid:272)ti(cid:448)e, so(cid:373)e a(cid:396)gue that (cid:449)hat is ethi(cid:272)al depe(cid:374)ds upo(cid:374) o(cid:374)e"s cultural perspective.
