Class notes # 15

Class notes # 15 - Ethics in the International Arena 1...

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Ethics in the International Arena 1. Objectives a. To discuss how ethics applies to international issues b. To understand ethical issues as nonmarket issues c. Focus: Sweatshops 2. Purpose of Business Ethics a. Positive ( predictive) i. You care because you care if it is going to affect your business ii. You don’t care if it is ethical or not what you do, but you care of how the reaction of others affects you iii. Anticipated the actions of others whose motivations may stem from moral concerns iv. Understand and anticipate how others may evaluate your actions b. Normative ( Prescriptives0 i. Provide guidance for managerial decisions and policies ii. Given a set of moral principles, what should an ethical manager do? iii. Determine what the appropriate measures are to be taken c. This is different from the law i. Suppose something is legal, should you do it anyway? ii. Is there a moral issue involved 3. Cultural Variation a. Two extremes: cultural relativism and cultural imperialism b. Cultural imperialism: always holding others to your country’s standards c. Cultural relativism: whatever standards a culture adopts are legitimate i. It permits behaviors that seem to be contrary to basic human rights ii. It is important to draw a line to say what is absolutely immoral d.
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