Globalization Of Business Ethics Essay - 1851 Words

â€Å"The more one knows ethics, the more it is used and the more useful it becomes†-Plato, The quote by Plato is a reminder on just how important ethics is and how important it is to educate yourself on proper ethical practices. In the following paper I would like to look at the topic of global business ethics. Recent studies in business ethics have shown both remarkable similarities and differences across cultures with respect to attitudes toward questionable business practices. First I would like to talk about the affect that culture has on ethical behavior. Next, I would like to talk about ethical complexities and challenges facing businesses that operate internationally, mainly focusing in on multinational corporations and the ethical†¦show more content†¦In todays global marketplace, we must all be willing to understand the cultural differences in others in order to cooperatively do business across borders. Employing the values of the culture is often difficult when dealing with other cultures. It is possible that the values of one culture do not align with the cultures of another. One culture might view innovation as bad rather than progress, while another might view slow decision-making as laziness rather than caution. Corporations must be willing to work together to compromise, not abandon some values in order to create initiatives, which are mutually beneficial (Storm, 2007). Primary cultural values are transmitted to a cultures members by parenting and socialization, education, and religion. There are also secondary factors that affect ethical behavior. They include differences in the systems of laws across nations, accepted human resource management systems, organizational culture, and professional cultures and codes of conduct. There is common agreement that a countrys culture is directly related to the ethical behavior of its managers. The behavior is exhibited in two main ways: first, by overt actions such as public or corporate s tatements and actions about ethical behavior; second, by the collection of the group of ethical attitudes and values. One problem in dealing with culture is that it is difficult toShow MoreRelatedGlobalization of Business Ethics1895 Words   |  8 Pagesâ€Å"The more one knows ethics, the more it is used and the more useful it becomes†-Plato, The quote by Plato is a reminder on just how important ethics is and how important it is to educate yourself on proper ethical practices. In the following paper I would like to look at the topic of global business ethics. Recent studies in business ethics have shown both remarkable similarities and differences across cultures with respect to attitudes toward questionable business practices. First I would like toRead MoreInternational Business : The Challenges Of Globalization963 Words   |  4 Pages Globalization nowadays is a very popular topic. 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