Focuses on International Trade

2. International business comprises all commercial
transactions (private and governmental, sales,
investments, logistics, and transportation) that take
place between two or more regions, countries and
nations beyond their political boundaries.

3. • According to the Webster dictionary ethics is “The
discipline dealing with what is good and bad or right
and wrong or with moral duty and obligation"
• Social Responsibility is “moral, legal or mental
accountability”.
• Together, these two terms make up the foundational
principles and character, which drive the decisions a
company and individual present.

4. Ethics reside in individuals, but many companies try to manage
the ethical behavior of their employee by clearly specifying what
the company considers to be ethical or unethical in the form of
Ethical Guidelines or Code of Ethics, Ethics Training,
Organizational practices and the corporate culture.
1. Codes of Ethics : Codes of Ethics are written Guidelines that
detail how employees are to treat suppliers, customers,
competitors and other constituents.
A multinational must make a decision as to whether to establish one
overarching code for all units around the globe, or whether it should each
code to its local context

5. 2. Ethics Training: It is impossible to foresee all
potential ethical dilemma and cover them all in a code,
some multinationals address ethical issues proactively
by training in business practices and values of the
society where they are stationed.

6. 3. Organizational Practices and the Corporate Culture:
It is mainly responsible to establish the firms ethical climate.
If top leaders in a firm behave in an ethical manner and
violations of ethical standards are promptly and appropriately
addressed, the rest of the organization quickly understands the
expectations for their own behavior.
Eg: In some countries bribery is practically the way of life.
Organizations need to be very clear about such practices in such
environment, if they wish their employees to adhere to company
standards instead of local standards

7. 1. Organizational Stakeholders
1. Internal
2. External
2. Natural Environment
3. General Social Welfare

9. Business decision-making tools yield more coherent and
justifiable results when used with an understanding of the ethical,
social and environmental aspects of the decision-making process.
Using a case study approach, this subject is designed to look at
such non-financial elements in decisions made within the
international business context.
Its premise is that to succeed in international business, both
corporations and individuals need broad decision-making
abilities. This applies in various situations in the international
business setting, including business relations with governments,
customers, employees and NGOs. This subject considers ethics in
terms of Corporate Social Responsibility (CSR) in international
business.

10. A leadership opportunity for those organizations and
individuals involved, bringing current CSR issues to
curriculum content within a business faculty.
On the other hand, partnered organizations have an
opportunity to gain academic understanding of
business ethics, the Gen Y perspective and to build an
on-campus profile.

11. Is it an Ethical issue
Get the facts
Evaluate alternative actions
a. Utilitarian approach
b. Rights-based approach
c. Fairness or justice approach
d. Common good approach
e. Virtue approach
Test your decision
Just do it- but what did you learn?