General Guidelines.docx

General Guidelines.docx - General Guidelines for Code of...

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General Guidelines for Code of Morality and Ethics in Individual Countries Moral Universalism Addressing the need for a moral standard that is accepted by all cultures Ethnocentric Approach Applying the morality used in home country—regardless of the host country’s system of ethics Ethical Relativism Adopting the local moral code of whatever country in which a firm is operating Comparative Management in Focus: Doing Business in China The attraction of doing business in China: Cheap labor cost An expanding market A growing economy with growth in higher skilled jobs and services Continuing concerns - Uncertain legal environment - Protecting IP - Widespread pollution - Lack of information - Role of government Human Rights and Freedom of Information Issues & Challenges Potentially rampant violation of workers’ rights Repression of free speech Difficulty monitoring and correcting human rights violations Government limits on media and internet freedoms (e.g. Google is not available in China) Provide guidance to managers to maintain ethical behavior amid the varying standards and practices around the world. Managing the Corruption
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Foreign Corrupt Practices Act (FCPA) : prohibits questionable payments by US companies doing business in other countries
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