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INTERNATIONAL BUSINESS AND ETHICS POLICIES - Coggle Diagram
INTERNATIONAL BUSINESS AND ETHICS POLICIES
many corporations do not have a written code of conduct and ethics
some large multinationals have written codes - > rarely take the time to make sure its coherent across cultures
ethical behaviour is often more cost control through risk management than a revenue center
basic principles of international business
integration
business ethics must permeate all aspects of organisational culture and be reflected in key management systems
e.g Levi's terms of engagement guidelines : forcing suppliers into ethical behaviours
implementation
ethical conduct is not just an idea but requires the implementation of a plan of change
internationalisation
increased internationalization achieved through partnerships, free trade agreements etc
an ethics program is not culturally defined
is a global code of ethics necessary??
ethical universalism
human nature is the
same everywhere
-> ethical rules are cross-culture
ethical relativism
different societal cultures and customs ->
divergent values
and notions of wrong and right
growing consensus among countries
good business ethics
good corporate governance
effective commercial dispute resolution
global business must operate in societies that respect the law, appreciate and reward ethical behaviour
trends favoring an international code
growing recognition of stakeholder's interests
: corporations are no longer merely economic entities devoted to maximising profit
harmonisation of North American and European Laws
concerning bribery and corruption
developing markets in which business ethics is an important step for integration in the global economic community
as well as for their own domestic development
the dangers of litigation and media scandal
that make corporate success dependent on business conduct as well as financial performance
ethics is fact becoming a management skill, not an occasional option