- "Business ethics (also known as corporate ethics) is a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems that can arise in a business environment."
The principles and values that guide ethical decision-making in international business, including corporate social responsibility and sustainable business practices.
Cross-cultural communication: Understanding the differences in cultural values and communication styles is essential for effective communication and relationship building in international business settings.
Cultural relativism: The idea that ethical principles and standards vary among different cultures and that all cultures should be respected.
Corporate social responsibility: The responsibility of businesses to operate in an environmentally, socially, and ethically responsible way.
Bribery and corruption: Understanding ethical issues arising from the practice of giving or receiving payment or gifts in exchange for favors, contracts or other benefits.
Supply chain ethics: Ethics related to the supply chain such as labor exploitation and environmental violations by suppliers.
Environmental ethics: Ethical issues related to the impact of business activities on the environment.
Anti-trust laws: Laws that prohibit monopolies, cartels, and other forms of business practices that limit competition.
Ethical issues in global trade: Ethical dilemmas related to global trade, such as transfer pricing and intellectual property theft.
Intellectual property rights: Understanding the legal framework protecting proprietary knowledge and technologies in international business environments.
Labor standards: Ethical considerations pertaining to the treatment of workers, including child labor, forced labor, and fair compensation.
Globalization and cultural homogenization: Concerns regarding the loss of cultural diversity and identity in global business practices.
Consumer protection: Ethical responsibilities of businesses in providing safe, reliable, and truthful products and services to consumers.
Ethics in financial reporting and accounting: Ensuring transparency and accuracy in financial reporting and avoiding fraudulent practices.
Human rights: The ethical implications of respecting and protecting human rights in global business activities.
Social entrepreneurship and inclusive development: Understanding the ethical dimensions of entrepreneurship and promoting economic development that benefits marginalized communities.
Corporate Social Responsibility (CSR): This pertains to the ethical and social issues of a global company's activities, such as environmental stewardship, community engagement, and social compliance.
Fair trade: This involves ethical trade practices, fighting against the exploitation of producers from developing countries.
Anti-corruption: This relates to the ethical management of bribery, conflicts of interest and other corrupt practices in international business.
Labour standards: This concerns the protection of workers' rights, including the right to join unions, decent wages, and health and safety at work.
Sustainable development: This focuses on the environment and the development of economic activities in a sustainable manner that preserves natural resources and the long-term health of the planet.
Environmental protection: This deals with reducing the negative impact of global business activities on the environment through eco-friendlier activities and policies.
Human rights: This requires companies to respect human rights, combat exploitation, slavery and human trafficking.
Diversity and inclusion: It means promoting a more diverse and egalitarian global workforce.
Transparency and accountability: This involves being accountable for global business activities, sharing information with stakeholders, and introducing transparency.
Ethical sourcing: This involves selecting suppliers and sourcing products responsibly while also preventing exploitation in the supply chain.
- "It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations."
- "These ethics originate from individuals, organizational statements or the legal system."
- "These norms, values, ethical, and unethical practices are the principles that guide a business."
- "Business ethics have two dimensions, normative business ethics or descriptive business ethics."
- "Academics attempting to understand business behavior employ descriptive methods."
- "The range and quantity of business ethical issues reflects the interaction of profit-maximizing behavior with non-economic concerns."
- "Interest in business ethics accelerated dramatically during the 1980s and 1990s."
- "Most major corporations today promote their commitment to non-economic values under headings such as ethics codes and social responsibility charters."
- "Adam Smith said in 1776, 'People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.'"
- "Governments use laws and regulations to point business behavior in what they perceive to be beneficial directions."
- "Ethics implicitly regulates areas and details of behavior that lie beyond governmental control."
- "The emergence of large corporations with limited relationships and sensitivity to the communities in which they operate accelerated the development of formal ethics regimes."
- "Maintaining an ethical status is the responsibility of the manager of the business."
- "According to a 1990 article in the Journal of Business Ethics, 'Managing ethical behavior is one of the most pervasive and complex problems facing business organizations today.'" (Note: There were not enough specific quotes to address additional questions beyond this point.)