Chp 3 slides 11-1 - Chapter 3 Ethics and Social...

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Chapter 3 Ethics and Social Responsibility
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4-2 Ethics Around the World Ethics - the study of morality and standards of conduct Universal Values vs Unethical Business Practices Insider Trading Scandals, Bribes, Corruption, Mergers, Acquisitions, Divestitures “When in Rome, do as the Romans do”
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4-3 The ‘Cancer of Corruption’ World Bank estimates $80 Billion lost to international corruption and bribery The Cost of Corruption: Misuse of public power for private benefits ‘Rich get richer, poor get poorer’ Less wealthy countries have increased levels of corruption MOST important for transition economies!
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4-4 Ethics Around the World Problems: u What is unethical in one country may not be unethical in another u Some MNC have decided their own codes of conduct u Ethical practices of MNCs’ home country may be different from where MNC does business
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Ethics Theories and Philosophy u Kantian Core set of moral principles u Aristotle Individual behaviors u Utilitarian Greatest good for greatest number u Eastern Part of nature 4-5
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Human Rights u Human rights issues often come into question when dealing with MNCs as there is no universally adopted standard Tiananmen Square Women’s rights and gender equity 4-6
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4-7 Ethical Concerns - Japan u Political and Business Scandals u Forced resignations of politicians for assisting private
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Chp 3 slides 11-1 - Chapter 3 Ethics and Social...

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