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Lecture 4

BUEC342 Lecture 4: Chapter 4

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Department
Business Economics
Course
BUEC342
Professor
Runjuan Liu
Semester
Winter

Description
BUEC 3422 Learning ohjectives Explain the source and nature of ethical issues and dilemmas in an international business. Sh port to take ethical issu to acco hen making str perating de strate man ethi Identify the causes of poor ethical decision making in international business 3. Describe the different conceptual underpinnings for ethical decisions in IB 4. Ethical Terminology The term ethics refers to the epted p nciples of right or wrong that govern the conduct of a person, the members of a profession, or the actionsofan organization. Business ethics are the accepted p of right or wrong that govern the conduct of business peopl An ethical strategy trategy that d late thes cepted p Ethical issues Many of the ethi d dil tional b ed in the fact that political systems, la ture vary signifi tly fro What is consid ormal practice in one culture may be considered unethical in others. dered Managers in a multinational firm need to be particularly sensitive to these differences and able to the eth Ethical Issues in International Business ften in the context of Employment p tal policy An MNC's p moral obligalions to ety (CSR Ethical Is Employment Pract When work conditions in a host nation arc clearly inferior to those in a m tional's h probl 12 hour workdays, ext ely ilure to prote workers against toxic chemicals may pay. ping natio Does this mean that it is okay for a multinational to tolerato such working conditions in its ubsidiaries there? Chapter 4: Eth BUEC 342. OK, king Knight: They r-olds thing in fi hat bother you Knight: No. Phil Knight, Nike CEO Michael M ry film The Big O 22.50 Factoryenc to Nke dards should be applied Home nation's Host nation's Ethical Issues Human Rights Basic human rights still are not respected in many nations. Chi de, but h Harper ed sp Tibet says he thanked P Steph ding fi d having the despite Canada's grov th Chi g til Ethical Issues-Environmental Pollution Ethical issues arisc hen en tal regulations in host nations are far inferior to those in the home nation trols applied. Th gn oil Poll Nig ch laxer than the by foreign Nige oped. theory posits tha dustrial Poll are attracted to weak environmental regulations in developing quality in Albert ing signs Ethical Issues Corruption Corruption has been a problem in almost every society in history, and it continues to be one oday. Canada's Bill S-21:Otherwise known as the Corruption of Foreign Public Officials Act that entered into force 999 has long b illegal to bribe offi fficials to bribe officials it is illegal Canadi Arguments Forand Against Bribery Accepted practice Necessary to do business Form of commission, tax, or compensation Common practice BUEC 3422 Learning ohjectives Explain the source and nature of ethical issues and dilemmas in an international business. Sh port to take ethical issu to acco hen making str perating de strate man ethi Identify the causes of poor ethical decision making in international business 3. Describe the different conceptual underpinnings for ethical decisions in IB 4. Ethical Terminology The term ethics refers to the epted p nciples of right or wrong that govern the conduct of a person, the members of a profession, or the actionsofan organization. Business ethics are the accepted p of right or wrong that govern the conduct of business peopl An ethical strategy trategy that d late thes cepted p Ethical issues Many of the ethi d dil tional b ed in the fact that political systems, la ture vary signifi tly fro What is consid ormal practice in one culture may be considered unethical in others. dered Managers in a multinational firm need to be particularly sensitive to these differences and able to the eth Ethical Issues in International Business ften in the context of Employment p tal policy An MNC's p moral obligalions to ety (CSR Ethical Is Employment Pract When work conditions in a host nation arc clearly inferior to those in a m tional's h probl 12 hour workdays, ext ely ilure to prote workers against toxic chemicals may pay. ping natio Does this mean that it is okay for a multinational to tolerato such working conditions in its ubsidiaries there? Chapter 4: Eth BUEC 342. OK, king Knight: They r-olds thing in fi hat bother you Knight: No. Phil Knight, Nike CEO Michael M ry film The Big O 22.50 Factoryenc to Nke dards should be applied Home nation's Host nation's Ethical Issues Human Rights Basic human rights still are not respected in many nations. Chi de, but h Harper ed sp Tibet says he thanked P Steph ding fi d having the despite Canada's grov th Chi g til Ethical Issues-Environmental Pollution Ethical issues arisc hen en tal regulations in host nations are far inferior to those in the home nation trols applied. Th gn oil Poll Nig ch laxer than the by foreign Nige oped. theory posits tha dustrial Poll are attracted to weak environmental regulations in developing quality in Albert ing signs Ethical Issues Corruption Corruption has been a problem in almost every society in history, and it continues to be one oday. Canada's Bill S-21:Otherwise known as the Corruption of Foreign Public Officials Act that entered into force 999 has long b illegal to bribe offi fficials to bribe officials it is illegal Canadi Arguments Forand Against Bribery Accepted practice Necessary to do business Form of commission, tax, or compensation Common practiceChapter 4: Eth Promotes government corruption Slippery Prohibits taking a stand for honesty Against Benefit recipient o nly Illegal eatcs depend on corruption Compromise personal belief Deceives stockholders Ethical Moral obligations Some moral philosophers argue th h po sponsibility fo ls to gi thing back to th eties th ble th per and grow What is CSR cep
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