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chapter 7 - International Business Ethics Chapter 7 What is...

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International Business Ethics Chapter 7 What is Ethics? What one should do rather than what can be done Moral standards for right and wrong Where cultures disagree they often: o Follow their own culture, upsetting other cultures o Copy the other cultures dictates without any ability to justify the decision to home country audiences o Create corporate wide policies that hopefully work around the world Virtue Theories: Good habits of character o Good decision making- ethical Western cultures o Voting on individuals to represent in government Plato’s Virtues o Wisdom- you must seek to understand the world to make good decisions about it o Courage- you must be willing to stand up to the consequences of a right decision, particularly a right decision that might be unpopular o Temperance- you must be willing to act visibly in good ways even when those acts are difficult o Justice- you must attempt to make sure each person gets that to which they are entitled
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