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Week6 ch9

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Ethics & Globalization

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Week6 ch9

  1. 1. Business Ethics & SocialResponsibilityMGMT 447
  2. 2. Ethics & Globalization• So what does it mean to be a multinational corporation (MNC)?• Whose ethical standards do you follow?• http://abcnews.go.com/Blotter/video/blueberry -children-10579897
  3. 3. Globalization cont…• Africa• Ethical Relativism
  4. 4. Support of Globalization• Companies are bringing improvements in wealth and standards of living to developing nations • http://www.starbucks.com/r esponsibility/global-report
  5. 5. Downside of Globalization• Capitalism on a global stage• Abbott Laboratories - http://peopleandplanet.org/navid3811• Swingline• How do you categorize “parent company”
  6. 6. Enforcing Global Ethics• UN Global Compact ▫ Environment ▫ Anticorruption ▫ Welfare of Workers ▫ Global Human Rights
  7. 7. Global Compact cont…• Commitment to 10 key principles addressing 4 areas of concern ▫ Human Rights ▫ Labor Standards ▫ Environment ▫ Anticorruption
  8. 8. OECD Guidelines• 10 “Chapters” ▫ Concepts & Principles ▫ General Policies ▫ Disclosure ▫ Employment & Industrial Relations ▫ Environment ▫ Combating Bribery ▫ Consumer Interests ▫ Science & Technology ▫ Competition ▫ Taxation

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