MARK 462 Study Guide - Midterm Guide: Citron, Organizational Culture, John Stuart Mill

• School: Concordia University
• Department: Marketing
• Course: MARK 462
• Professor: Wendy Keller

Document Summary

Ethical issues arise frequently in international business, because practices and regulations differ from nation to nation: lead pollution what is allowed in mexico is outlawed in the us, these differences create ethical dilemmas for businesses. Ethics refers to accepted principles of right or wrong that governs the conduct of a person, the members of a profession, or the actions of an organization. Business ethics accepted principles of right or wrong governing the conduct of business- people. Ethical strategy is a strategy, or course of action, that does not violate the accepted principles. Many of the ethical issues in international business are rooted in the fact that political systems, law, economic development, and culture vary signi cantly from nation to nation. In the international business setting, the most common ethical issues involve employment practices, human rights, environmental regulations, corruption, and the moral obligation of multinational corporations.