Key Term and why you are interested in it
Ethics is defined as “the discipline dealing with what is good and bad and with moral duty and obligation”. “Business ethics is defined as “the study of ethical dilemmas, values, and decision making in the world of business”, which is not considered as a “separate disciple from ethics, and international business ethics, “examines many practical issues that result from international context of business” (Satterlee, 2009).
Ethics is an interesting term because it is a large concept and it has many variables to consider. There are issues that constantly test our ethics, and we make choices that will sometimes fall into gray areas. Ethics is also interesting because different cultures may or may not have different opinions as to what ethics is, or what is considered ethical conduct. Researching this term can give some insights into the ethical differences of different cultures.
Explanation of the Key Term
Satterlee tells us that Ethics is the “study of morality and standards of conduct”. He also states that U.S. firms developed, and implemented standards of conduct for employees, this way it would serve as a guideline, a way of showing them how they should “comport” themselves when they are representing a company. There are firms that hire consultants and ethic experts that will teach corporate ethics, so that they can ensure that employees will behave in an ethical manner. We will see that what one culture may consider moral may not be accepted by another country as being moral (Satterlee, 2009).
Between cultures, ethical differences can be complex and vast. The author Satterlee gives us the following example in “Cross Border Commerce”; he states that ethical differences can be seen in the exploitation of children in Third World nation’s workforce. Universally other cultures do not accept ethics that drive specific laws, laws that govern children employment in the U.S. Professional global businesses might “encounter this ethical dilemma while working overseas”, they may need to design strategies that will be in line with ethical standards of the business (Satterlee, 2009).
Major Article Summary
The main article researched in this discussion is in reference to whether or not we are progressing in the ethics of international business. There are many ethical issues that have been raised about the acceptable norms of conduct in internationalization of business and “the process of globalization, on the part of multi-national companies and other organizations” ( Warren, 2011). Human rights, money laundering, corruption and bribery, labor standards, financial probity and environmental protection, are core concerns of international business ethics. The author of “Are we making progress in international business ethics”? Says that the initial question to be considered is whether or not the “case for global standard of business conduct can be grounded and justified in a rational argument”.
When we think about...