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Ethics in international business

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Ethics in international business

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Ethics in international business

  1. 1. By:Vineetha.C MHROD ETHICS IN INTERNATIONAL BUSINESS
  2. 2. Ethics  Ethics: It is a discipline dealing with what is good and bad or right and wrong or with moral duty and obligation  Social responsibility : It is moral, legal or mental accountability  These terms make up the foundational principles and character which drives the decision of a company and individual present
  3. 3. Conti..  It is a study and governance by which acceptable standards are based on  Do countries with lower ethical views attract business ?  Some aspect answer is yes but overall answer is no.
  4. 4. Conti..  Banana republic :A country that is politically unstable, dependant on limited agriculture and ruled by a corrupt elite class that is heavily influence by MNC  FDI tends to be greater in countries with stronger workers rights –> higher labour standards – >higher economic growth
  5. 5. Can Ethical Business Practices Be Applied Globally?  Accepted code of ethical standards is difficult  Honesty, Integrity and loyalty  Ethics change over time –Gladiator  Ethics should evaluated under situation and circumstance
  6. 6. Example  1970 –US  California  Toyota –Japanese  Change –Technology, Physical Lay out, People and Structure  17 levels  Business card  Director of welding improvement  “I made this car. Have any problem ? Call me.”  Value them and understand them
  7. 7. Ethical Issues  Child Labor  Forced Labor  Discrimination  Health and Safety  Working Hours  Compensation  The right to free association
  8. 8. ETHICS PHYLOSOPHY Western  Kant Philosophy – Duty ethics-Act out of duty  Aristotle-Virtue ethics –Act out of values  Aristotle focused on the actor  Kant focused on the action
  9. 9. Virtue  Prudence/Wisdom (exercising sound judgment in practical affairs.)  Justice (proper moderation between self-interest and the rights and needs of others)  Courage (the ability to confront fear, pain, risk/danger, uncertainty, or intimidation)  Temperance (practicing self-control, abstention, and moderation)
  10. 10. Conti..  Moral virtue, or excellence of character, concerns what we do voluntarily, and not what we do because we are forced to do so.  Kant-The basis of moral action is duty.When we exercise the goodwill to decide to follow our duty, then our actions have moral value.  We shouldn’t treat people as a means to an end, but as ends in themselves.  “Certain actions are right or wrong regardless of the consequences.”
  11. 11. Utilitarianism
  12. 12. Conti…  Eastern –People are intrinsic and inseparable part of the universe. So one must do what is right and expected and universe will take care of the rest
  13. 13. Difference Western Eastern Focus FindingTruth Protocol and Respect Basis RationalThought ReligiousTeachings Emphasis Logic, Cause and Effect Respect towards family Roots in Rome , Christianity etc Hinduism , Buddhism etc Approach Rational Holistic and Cultural Conflict & Harmony Good must triumph over Evil Good and bad ,Light and Dark all exist in equilibrium
  14. 14. ThankYou…

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