Paper Topic:

Ethics in International Business

Ethics in International Business

Ethic is the basis of international business . It is important to follow ethical guidelines in making business decisions . Business professionals need to remember that they are responsible to make their decisions built on ethical principles . The 21st century may be characterized by increasing attention to business transactions and interactions (Biers 50

Why is international business ethic the subject of interest ? According to Biers , societies can and do have the right to expect business to function ethically . In to accomplish the necessary work for providing services and

goods to consumers in each country in the world people make an agreement with business . So what are the rules of business according to this social contract (Biers 50

Most organizations have a Code of Conduct that determines workplace behaviors . It describes what activities employees in the company have to do . Success of failure of an employee depends on how he follows of violates the Code of Conduct (Biers 51

Number of companies conducting international transactions within their operations increases every day . It is important to mention that ethical behavior can vary in different countries . It is not always possible to understand clearly what ethical decision to make about what to do in a certain international business situation . Describing the process of making ethical decision in international business some authors use the term grey area ' that means that sometimes the decision is neither black nor white but something between them (www .emc-database .com

According to the opinions of most experts in international business ethic it is important to work out the international code of ethical practice that will not depend on cultural differences . Global economic development is deeply connected with overcoming cultural misunderstanding . International business ethic has several principles integration , implementation , internationalization . Business ethic is important both for employers and employees for ethical performing their work . Ethical standards are necessary for stability of an organization www .emc-database .com

Sources

1 . Biers , D . and K Wilhem (2000 ) A Cautious Courtship ' Far Eastern Economic Review , December 7 , pp 50-51

2 . EMC market data available at www .emc-database .com

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