INTB 1203 Chapter Notes - Chapter 5: Maxima And Minima, Sony, Foxconn
16 Dec 2016
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Document Summary
Business ethics: accepted principles of right or wrong governing the conduct of businesspeople. Rooted in the fact that political systems, law, economic development, and culture vary significantly between nations. Ethical strategy: a course of action that does not violate a company"s business ethics. The most common ethical issues in business involve: Employment practices: wages, working conditions: young women working with toxic materials, 6 days/week, 20 cents/hr in vietnam subcontractors. Human rights: freedom of association, speech, assemble, freedom from political repression, etc: apartheid system denied basic political rights to majority nonwhite population of south africa. Universal declaration of human rights: a united nations document that lays down the basic principles of human rights that should be adhered to. Environmental regulations: environmental pollution: developed nations have substantial regulation governing emission of pollutants, dumping of toxic chemicals, use of toxic materials in workplace, etc.
