WED JM SLIDES SChapter 4 Ethics & International Business (II).pptx

Chapter 4: Ethics and International
Business (II)

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Learning Objectives
4.1 Describe the nature of ethics.
4.2 Discuss ethics in cross-cultural and international contexts.
4.3 Identify the key elements in managing ethical behavior across
borders.
4.4 Discuss social responsibility in cross-cultural and international
contexts.
4.5 Identify and summarize the basic areas of social responsibility.
4.6 Discuss how organizations manage social responsibility across
borders.
4.7 Identify and summarize the key regulations governing
international ethics and social responsibility.

Ethics & Social Responsibility:
Definitions
 Ethics: an individual’s personal beliefs about whether a
decision, behavior, or action is right or wrong
 Ethical behavior: behavior that conforms to generally
accepted social norms
 Unethical behavior: behavior that does not conform to
generally accepted social norms

Ethics & Social Responsibility:
Generalizations
 Individuals have their own personal belief system about
what constitutes ethical and unethical behavior
 People from the same cultural contexts are likely to hold
similar beliefs as to what constitutes ethical and
unethical behavior
 Individuals may be able to rationalize behaviors based
on circumstances
 Individuals may deviate from their own belief systems
based on circumstances
 Ethical values are strongly affected by national cultures
and customs

Figure 5.1 Ethics in Cross-Cultural and
International Contexts

Ethics in Cross-Cultural and International Contexts:
How an Organization Treats Its Employees
 Hiring Practices
 Career Development
 Compensation and Benefits
 Workers’ Rights and Dignity

How Employees Treat the Organization
 Conflict of Interest
 Secrecy and Confidentiality
 Honesty

Employees, the Organization, & Other Economic Agents
 Customers
 Competitors
 Stockholders
 Suppliers
 Dealers
 Labor unions

Managing Ethical Behavior Across Borders:
Guidelines and Code of Ethics
 Written Guidelines
 Formal Codes of Ethics
 Organizational Practices
 Corporate Cultures

Managing Ethical Behavior Across
Borders: Ethics Training
 Globally consistent
 Tailored to local contexts
 Localized

Managing Ethical Behavior Across Borders:
Organizational Practices and the Corporate Culture
 Management of Ethical Behavior
 Organizational Practices
 Corporate Culture

Social Responsibility in Cross-Cultural and
International Contexts
 Corporate social responsibility (CSR): the set of
obligations a corporation undertakes to protect and
enhance the society in which it functions
 The Triple Bottom Line:
 The Economic Mission
 The Natural Environment
 General Social Welfare

International Contexts: The Economic Mission
 Shareholder Model
 Stakeholder Model
 Primary Stakeholders
 Secondary Stakeholders

Social Responsibility in Cross-Cultural and International
Contexts: Sustainability and the Natural Environment
 Enforcing Environmental Laws
 Corporate Efforts

International Contexts: General Social Welfare
 Making Charitable Contributions
 Supporting the Arts and Museums
 Funding Public Health and Education
 Confronting Political and Social Issues

Managing Social Responsibilities Across Borders:
Approaches to Social Responsibility
Figure 5.2 Approaches to Social Responsibility

Managing Social Responsibilities Across
Borders: Managing Compliance
 Formal Dimensions
 Legal Compliance
 Ethical Compliance
 Philanthropic Compliance

Borders: Informal Dimensions
 Informal Dimensions
 Leadership
 Organization Culture
 Response to Whistle-Blowers

Borders: Evaluating Social Responsibility
 Ensure efforts are producing desired benefits
 Apply the concept of control to social responsibility
 Evaluate response to instances of questionable legal or
ethical conduct

Review Questions (1 of 2)
 What are ethics?
 Distinguish between ethical and unethical behavior.
 What role does culture play in the formation of ethics?
 How do organizations attempt to manage ethical
behavior across borders?
 What is social responsibility?
 What is the difference between ethics and social
responsibility?

Review Questions (2 of 2)
 CLASS ACTIVITY: BREAKOUT ROOMS
1. READING:
 https://www.linkedin.com/pulse/amoral-company-immoral-
management-swami-subramaniam
Do you agree with the above article and SLDIE #21? DEBATE.
2.GOOGLE AN EXAMPLE OF AMORAL BUSINESS 3.
3. Identify the major areas of social responsibility for
international business.
4.What are the four general approaches a firm can take
with regard to social responsibility?
5. What is a whistle-blower? How do we protect a witness
of a crime?
 PRESENT AFTER 20 MNS – EACH GROUP APPOINT A REP OR
TWO.
 PREPARE THE SLIDES – USE MAX. 3 SLIDES [7X7]

WED JM SLIDES SChapter 4 Ethics & International Business (II).pptx

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