3. Business ethics studies the special obligations that a man
and a citizen accept when he becomes a part of the world
of commerce.
Meaning of Business Ethics
4. Ethical values in Global Business
Utilisation of the natural resources of the host country appropriately and in an optimum
way.
Do not use the ingredients in the production which harm the basic health of the customers
of the host country.
Enter the foreign country mostly through joint ventures with the business firms of the host
countries.
Transfer of technology to the developing countries
Develop the managers and human resources of host countries and particularly of the
developing host countries.
5. • Discharge the responsibilities to various social segments of the host country. These
responsibilities includes : Development of medical facilities, construction of hospitals,
educational institutions,water, roads etc.
• Donate medicines, books, computers and the like to the people, educational institutes of the
host country.
• Market qualitative and economically appropriate goods to customers. Avoid marketing of
outdated and spoiled products.
• Avoid marketing of those products which harm the health of the citizens of the host
country.
• Avoid marketing of those products/ services which do not match with the culture of the
host country.
6. Employ the local people to the extent possible and give them the opportunity to
earn income and develop the skills.
Treat the foreign employees and local employees equally in offering salary and
providing the work life.
Non-involvement in political affairs of the host country.
Help the host government during the periods of natural calamities like floods,
droughts, earth quakes,cyclones etc.
Avoid bribing or corrupting the government officials of the host country.
7. Pay the taxes to the government of the country accurately.
Maintain the accounts ethically as per the accounting standards of the host country.
Maintain sound business relations with the market intermediaries, suppliers of raw
materials and other inputs, bankers and financial institutions.
