INTERNATIONAL BUSINESS ETHICS

Presented By: Ketki A. Khakurdikar(B0910) Sachin Todur(B0924)

MEANING OF INTERNATIONAL BUSINESS

Trading between different countries. Exchange of goods & services with other countries.

Trade or exchange of goods between two or more counties.

ADVANTAGE AND DISADVANTAGES OF INTERNATIONAL BUSINESS

Advantage

Disadvantages

Optimum Allocation Gains of Specialization Enhanced Wealth Larger Output Increased Welfare Cultural Value Better International Policies Dealing with Scarcity Advantageous Competition Larger Size of Market

Exhaustion of Resources Blow to Infant Industry Dumping Diversification of Savings Declining Domestic Employment Over Interdependence

INTERNATIONAL BUSINESS ETHICS

Definition: Science of morals, Moral principles, rules of conduct, whole field of moral science. Ethics derived from Greek word ethod means character.

ETHICAL ISSUES IN INTERNATIONAL BUSINESS

EMPLOYMENT PRACTICES
Work conditions: hot weather around toxic chemicals - # of hours and pay salaries in developing countries.

HUMAN RIGHTS Freedom is not universally accepted. South Africa white rule until 1994 investment in China Nigeria and Shell

ETHICAL ISSUES IN INTERNATIONAL BUSINESS

ENVIRONMENTAL POLLUTION The emission of pollutants, the dumping of toxic chemicals Amoral management might move production to a developing nation precisely because costly pollution controls are not required. No one owns the atmosphere or the oceans, but polluting both, no matter where the pollution originates, harms all.

ETHICAL ISSUES IN INTERNATIONAL BUSINESS

CORRUPTION Economic advantages by making payments to corrupted government officials. $12.5 million payment to Japanese agents and government officials

MORAL OBLIGATIONS BP, one of oil companies, has made social investments in Algeria, the desert town of Salah. it built two desalination plants to provide drinking water for the local

THREE GLOBAL FORCES

Growth of World trade and investment Spread of global information Rise of public awareness of moral issues

MULTIETHICS

As we are Multilingual, So we are multiethnic

And as we are Multiethnic, so we are multiethical.