Topic > Globalization of Business Ethics - 1849

“The more you know about ethics, the more it is used and the more useful it becomes”-Plato, Plato's quote is a reminder of how important ethics are and how important it is to educate yourself to correct ethical practices. In the following article I would like to examine the topic of global business ethics. Recent studies on business ethics have shown notable similarities and differences between cultures regarding attitudes toward questionable business practices. First I would like to talk about the influence culture has on ethical behavior. Next, I would like to talk about the ethical complexities and challenges facing companies operating internationally, focusing mainly on multinationals and the ethical problems they face. Until ten years ago, many companies viewed business ethics only in terms of administrative compliance with legal standards and compliance with internal rules and regulations. Today the situation is different. Attention to business ethics is increasing around the world, and many companies realize that to be successful they must earn the respect and trust of their customers. Like never before, companies are being asked, encouraged and challenged to improve their business practices to emphasize legal and ethical behavior. Companies, firms and individuals are increasingly held accountable for their actions as demand for higher standards of corporate social responsibility grows (http://www.enterweb.org/ethics.htm). First, the effect that culture has on ethical behavior. Companies and individuals, especially companies that operate globally, must understand and evaluate the cultures of the people they wish to do business with in order... middle of paper... face when conducting business globally. Thanks Work Cited Page:1. No Authors, May 19, 2005: Business Ethics and Corporate Social Responsibility Found at: http://www.enterweb.org/ethics.htm2. Pitta, Dennis A, Fung, Hung-Gay, Isberg, Steven: Ethical Issues across cultures: Managing the different perspectives of China and the US, (Schien 1985). Found at: http://home.ubalt.edu/ntsbpitt/ ethics.pdf3. Kohls, J. and Buller, P. (1994), “Solving Cross-Cultural Ethical Strategies” Found in: Journal of Business Ethics, Vol. 13, pp. 31-8.4. Ferrell, O.C., Fraedrich, John, Ferrell, Linda: Decision Making and Cases in Business Ethics-Ethics, 7th Edition, Copyright 2008Published by: Houghton Mifflin Company5. Storm, Brad, May 2007: Ethics as Defined by Business Leaders Found at: http://www.managerwise.com/article.phtml?id=523