Ethics and Globalization

Ethics and Globalization
Ethics refers to principles of right or wrong that govern the conduct of a person, the members of a profession, or the actions of an organization. Ethical strategy is a course of action, which does not violate accepted principles, otherwise known as cheating.   In industrial countries, basic human rights and freedom are taken for granted. When companies conduct business overseas many of those rights may not exist.   The U.S. Foreign Corrupt Practices Act banned the practice of paying bribes to foreign government officials to gain leverage in business.   The Convention on Combating Bribery of Foreign Public Officials in International Business Transactions approve by the Organization for Economic Cooperation and Development, to make the bribery of foreign public officials a criminal offense.
From the perspective international business view, what’s ethical depends upon one’s cultural perspective. For instance, the Unites States allows capital punishment and this is not acceptable in other countries, and many see the Unites States as being barbaric in killing criminals but Americas view this being the norm.   Personal ethics is when a person is taught from a young age of what’s right and what’s wrong, and this conduct should be carried over into how people should conduct themselves in business. However, is some cases, a person with a lack of personal ethics is less likely to behave ethical.   In some instances, people don’t know that they’re doing business unethically because they don’t ask the appropriate questions or not knowing the laws ethics could be violated.
Organization culture climate encourage unethical behavior and the example the book gives is of Enron.   The now defunct energy company whose values and norms were based on greed and deception.   The company top managers engaged in enriching themselves and their families, and hiding the facts with false documentation.   The multibillion dollar company Enron’s managers were under pressure...