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Chapter 5

International Business chapter 5 – Ethics in International Business.pdf

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Department
Management
Course
MGC2120
Professor
Dr Lakmal Abeysekera
Semester
Spring

Description
International  Business  chapter  5  –  Ethics  in  International  Business   Ethical  issues   Employment  practices     -­‐ typical  of  the  allegations  were  those  detailed  in  a  48  hours  program  that   aired  in  1996.     -­‐ Painted  a  picture  of  young  women  who  worked  with  toxic  material.     -­‐ It  is  not  OK  for  a  MNE  to  tolerate  poor  working  conditions  in  its  foreign   operations.     Human  rights   -­‐ Firstly,  Leon  Sullivan  argued  that  the  company  should  not  obey  the  apartheid   laws  in  its  own  South  African  operations.  Secondly,  the  company  should  do   everything  within  its  power  to  promote  the  abolition  of  apartheid  laws.     -­‐ Nigeria  has  serious  questions  risen  over  the  extent  to  which  foreign  MNE   doing  business  in  the  country  have  contributed  to  human  rights  violations.     Environmental  pollution   -­‐ developed  nations  have  substantial  regulations  governing  the  emission  of   pollutants,  the  dumping  of  toxic  chemicals,  the  use  of  toxic  materials  in  the   workplace,  etc.     -­‐ these  regulations  are  lacking  in  developing  nations.     -­‐ Corporations  can  contribute  to  the  global  tragedy  of  the  commons  by  moving   productions  to  locations  where  they  are  free  to  pump  pollutants  into  the   atmostphere.     Corruption   -­‐ has  been  the  problem  in  almost  every  society  in  history.  Government   ministers  are  criminally  charged,  one  committed  suicide,  fell  in  disgrace.     -­‐ The  Foreign  Corrupt  Practices  Act  in  the  US  act  outlawed  the  paying  of  bribes   to  foreign  government  officials  to  gain  business.     -­‐ The  Convention  on  Combating  Bribery  of  Foreign  Public  Officials  in   International  Business  Transactions  made  the  bribery  of  foreign  public   officials  a  criminal  offense.     -­‐ Corruption  reduces  the  returns  on  business  investment  and  leads  to  low  eco   growth.     -­‐ Generalization  is  difficult  and  the  demand  for  speed  money  creates  a  genuine   ethical  dilemma.     Moral  obligations     -­‐ social  responsibility  is  where  businesspeople  considers  the  social   consequences  of  eco    actions  when  making  business  decisions.     Ethical  Dilemmas  –  where  the  appropriate  course  of  action  is  not  clear.     The  Roots  of  unethical  behaviour   Personal  ethics   -­‐ generally  accepted  principles  of  right  and  wrong  governing  the  conduct  of   individuals.     -­‐ Generally  true  across  societies.  It  guides  behaviour,  come  from  different   sources  (parents,  schools,  religion,  and  the  media).     Decision  making  processes   -­‐ the  fault  lies  in  processes  that  do  not  incorporate  ethical  considerations  into   business  decision  making.     Organization  culture   -­‐ the  values  and
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