Got a tricky question? Receive an answer from students like you! Try us!

Discuss the importance of business ethics in international business - Essay Example

Only on StudentShare
Undergraduate
Author : federicoharvey
Essay
Miscellaneous
Pages 5 (1255 words)

Summary

In today's world where there is so much greed of power and money because of stiff competition, it is imperative to awaken if not to inculcate the spirit of good values, morals and ethics. This must be addressed not only among the owners and the management of giant corporations in the international community but also among the consumers who because of lack of voice and because of so many needs have allowed themselves to become victims of unethical and unfair practices in the international business.

Extract of sample
Discuss the importance of business ethics in international business

In an exasperation of the predicament of the consumers a college student wrote:
"In the end we realize that in everything we do we are either spending money or being persuaded to spend our money. This is just one way we the consumers are being exploited (Breaking the Chains, 2006)".
The business industries cannot go on with this kind of exploitation. This paper then intends to discuss the relevance of strict adherence to ethical standards. This paper shall be presented with the thesis that the international business has become unethical in its desire to gain more profit. This paper then must be able to present to the public the role of ethics in the international business to enlighten them to what ethical standards can do to protect the people as consumers and workers of the gigantic system in the international business. Specifically, this paper shall define what business ethics means and to present realistic situations that can illustrate how the business industries can become the worst enemies of the consumers without the ethical standards.
Business ethics is defined as "written and unwritten codes of principles and values that govern decisions and actions within a comp ...
Download paper
Not exactly what you need?

Related Essays

Corporate Social Responsibility (Business Ethics)
Barnard (1938) had similar argument in mind when he said: "It seems to me inevitable that the struggle to maintain co-operation among men should as surely destroy some men morally as battle destroys them physically." (p.278) Such moral beliefs and values gave birth to the organized concept of CSR.…
13 pages (3263 words)
Business Ethics
GM was simply doing what it thought would best help its business, and it did what it felt it had to do, even if it was illegal. This scandal however, did help root out the electric bus system, and pave the way for the automobile industry as we now see it today.…
1 pages (251 words)
International Business Practices - cultural differences
The best method is to wait until Australian partner brings these subjects and not to be afraid to express the opinion even if it completely different. Similar to Australians, South African partners might discuss social issues as well, including race policies. The concept of political correctness is very important - it is acceptable to talk about race without imposing the personal views.…
2 pages (502 words)
Business Ethics in an Organisation
The organisation that was chosen for the purposes of this assignment is the global for-profit education giant known as Career Education Corporation. According to their website, "Since it was founded in 1994, CEC has progressed rapidly toward the goal of becoming the world's leading provider of quality educational services. CEC is the world's largest on-campus provider of private, for-profit postsecondary education and has a rapidly-growing presence in online education" (Career Education Corporation, 2008, pg. 1).…
6 pages (1506 words)
Discuss the importance of ethics in business in light of the recent global financial crisis (GFC)
assessment item they should attach all supporting documentation to the completed Request for Extension form which is available from a Student Centre, the UWS website or from the ‘Support’ folder in the BAS vUWS site. Requests for extension must be submitted no later than three working days prior to the due date of the assessment task to Parramatta Campus, School of Marketing, Building ED (Reception) or Campbelltown Campus, School of Marketing Building 22A (Bev Booth). After that period, requests for extensions will not be accepted and students will need to apply for special consideration.…
2 pages (502 words)
Ethics in Business & Socity
Unfortunately, analysis has indicated that individuals, as well as organisations and even states have begun to overlook the importance and most important, application of ethics in their different processes and procedures, and most importantly, this initiative is observable on global level that has resulted in huge amount of debates regarding role of ethics in different components of the societies. This paper is part of the same debate that will identify one of the ethical dilemmas in business, and will include efforts to discuss a non-religious ethical theory while endeavoring to understand…
8 pages (2008 words)