Posted on April 13, 2011
thoughtful JOURNAL-3
BASED ON SUPPLEMENTARY READING 1, WEEK-5
INTERNATIONAL credit line ETHICS
Mahdavi, I 2010, International Business Ethics: Strategies and Responsibilities, Journal of pedantic and Business Ethics, pp. 1-6, viewed 12th March 2011.
JOURNAL ARTICLE abridgment:
Ethics can be generally defined as the accepted principles of yes and no that govern the act of an individual and that of an nerve (Hill, Cronk & Wickramasekera 2008). The ethics plays an important role in the right smart a business operates and its effect on the stakeholders. Ethics be counted and play an important role in various aspects of the business may it be management, finance, product, shareholders, stakeholders, and almost everything.
It has been observed through hardheaded and live examples that companies do not perform the way they should. For example, Nike literally exploits the employees in its Vietnam factories by paying them a wages that are unbelievably low. USA ships the containers full of hazardous chemicals and waste, for disposal, to other countries. So, the colossal question arise here is whether such acts of saving geniuss own country and exploiting others is ethical?
The increase in global trades and presence of multinational companies in different countries has change magnitude the complexity of the ethical questions. What should a company/manager do when he/she goes to a foreign land? Follow the ethics or try to maximize their size and profits by entering into ventures that are highly profitable but not ethical. The choice is difficult. According to the journal article the companies who themselves have maintain a strong set of ethical standards rarely facial expression the difficulties of ethical dilemma. No matter, they need to adjust to the situations in the multitude country but still they can avoid the dilemma.
judge:
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