StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

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

Cite this document
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.
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.9% of users find it useful
Discuss the importance of business ethics in international business
Read Text Preview

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

Download file to see previous pages

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 company (Business, 2008)".

Accordingly, the culture of the organization sets standards for determining the difference between good and bad decision making and behavior. Where business organizations are usually put up with visions and missions of providing quality goods and services, it must be that they should observe business ethics that are rooted to the concept of doing right and deciding best for the greater majority of the masses and not for their own selfish interest. And yet, it may seem that business establishments in the international order have forgotten that their prime concern should be the interest of the people.

Instead these business industries exploit and squeeze out more money and labor from the consumers and from their work force. Instead of serving the people as part of their mission, they deprive or shortchange these people of what must be due to them. And yet not many try would even to struggle out or to do something to improve their working condition or to question the morality and ethics of the spiraling cost of goods and services. This is also what WiseGeek pointed out when it wrote: Business ethics should eliminate exploitation, from the sweat shop children who are making sneakers to the coffee serving staff who are being ripped off in wages.

Business ethics can be applied to everything from the trees cut down to make the paper that a business sells to the ramifications of importing coffee from certain countries (WiseGeek, 2008). Ethics indeed must be the conscience of the international business world. It should not be left forgotten in the hearts of any organization. Business ethics is relevant in the fulfilment of industrial peace and justice in the society. Wiley (1995) also indicated this in her discussion on what managers must maintain to keep their companies: "In today's domestic and global economies, the

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Discuss the importance of business ethics in international business Essay”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1528168-discuss-the-importance-of-business-ethics-in-international-business
(Discuss the Importance of Business Ethics in International Business Essay)
https://studentshare.org/miscellaneous/1528168-discuss-the-importance-of-business-ethics-in-international-business.
“Discuss the Importance of Business Ethics in International Business Essay”, n.d. https://studentshare.org/miscellaneous/1528168-discuss-the-importance-of-business-ethics-in-international-business.
  • Cited: 0 times

CHECK THESE SAMPLES OF Discuss the importance of business ethics in international business

Business Ethics: Primark and Anglo American

This paper “business ethics: Primark and Anglo American” will discuss ethical behavior of two organizations, i.... hellip; The author states that during the recent times, high profiled failures of large organizations, unethical behavior being associated with the senior executives of the firms as well as fraudulent business, and accounting practices have highlighted the need for emphasizing more business ethics.... Considering the overall nature of business of the firm, Primark has to procure its merchandise from different suppliers scattered all over the world....
6 Pages (1500 words) Case Study

Contemporary Business

Contemporary management issues can be understood from the standpoint of business ethics and learning organization theory.... business ethics concept has been used by many academic scholars to distinguish between successful and unsuccessful organizations....
8 Pages (2000 words) Term Paper

Business Ethics in Global Coffee House

Ethical Dilemma Faced by Andy This study is based on the theme of business ethics in hospitality or tourism.... From the paper "business ethics in Global Coffee House" it is clear that in the present business environment, profit and ethics are equally important.... The financial decision would be based on the theme of hybrid theories of business ethics.... Without profitability, the business will not prosper, and without ethics, sustainability cannot be attained....
8 Pages (2000 words) Case Study

Actual Steps That David Pinder Has Taken

Oftentimes, good intentions of an extraordinarily successful and… ally minded business leader are not in and of themselves sufficient to ensure that high ethical standards are maintained within the organization that they are responsible for overseeing.... dditionally, even though this structure is of course evident, other business leaders would have been satisfied with the ethical norms and standards that have thus far been put forward.... However, in David's case, he was specifically interested in promoting an even further level of ethics by ensuring that he maintained an open door policy that would allow stakeholders to discuss pertinent issues with him at any time; should they feel they are relevant to the continued success of the firm or their continued happiness as an employee....
6 Pages (1500 words) Research Paper

New Trends in Business Ethics

The concept of business ethics was developed long back.... The author of the paper entitled "New Trends in business ethics" comments on the principles and moral of a business that is known as its ethics.... In the present business environment business ethics has become a very important issue.... In this essay, new trends in business ethics will be discussed in a detailed way.... Persons conducting business activities were not concerned about business ethics....
8 Pages (2000 words) Essay

Business Ethics at Northern Rock

This paper "business ethics at Northern Rock" discusses that by diverting from the stated code of ethics the Northern Rock was faced such a dilemma.... As an arch exponent of originating and distribute school, the Northern Rocks business model was to expand through the exercise of securitization and other secured borrowings.... As discussed that the all administration has diverted from the stated policy and code of ethics and put in forint their interests....
12 Pages (3000 words) Case Study

International Business Ethics and Morality

Ethical practices in the business world initially remained uncared but soon organizations realized its significance and now business ethics has become a separate domain of management studies at an academic and professional level (Malachowski, 2001, p.... It is also true that the core purpose of business organizations, except the public sector and other non-profit making organizations, is profit generation.... The present essay is concerned with the ethical issues which have emerged in the business world due to activities performed by organizations for profit making....
11 Pages (2750 words) Essay

Business Ethics and Socially Responsible Investing

n current literature of business ethics, there are two major streams.... Thus, in the following, firstly I shall be presenting different view-point regarding business ethics.... At the end of this review , I shall present the growing importance of SRI at international level.... In next section I shall discuss the historical emergence of SRI and its connections with social and religious movement.... Interest and awareness for social, environmental and ethical responsibility is gaining a growing significance in economics and business (Hamilton, et al....
7 Pages (1750 words) Literature review
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us