Business Ethics and Global Economy Essay

10541 Words Jul 10th, 2012 43 Pages
6433ch10.qxd_lb 10/19/06 10:43 AM Page 260

CHAPTER OBJECTIVES


CHAPTER 10

Business Ethics in a Global Economy

CHAPTER OUTLINE
Ethical Perceptions and International Business Culture as a Factor in Business Adapting Ethical Systems to a Global Framework Global Values The Multinational Corporation Sexual and Racial Discrimination Human Rights Price Discrimination Bribery Harmful Products Pollution and the Natural Environment Telecommunications Issues Intellectual-Property Protection World Trade Organization

To understand the role of culture as a factor in business ethics To discuss cultural relativism and global business ethics To explore global values To assess the role of multinational corporations in business ethics To
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The office knew that if Ron were successful, his next position would be that of vice president. He also informed the group that corporate representatives would be coming to Tokyo the following week. “It seems that they’ve heard rumors of a possible hostile takeover attempt on D&R from someone in Japan, and they want us to check it out,” Ron said, adding with a tight smile. “There will be some changes next week.” Sid suspected that this meant there would be even fewer people working even harder. It might also mean, however, that someone knew that Sid and the two representatives had been talking to the wrong people. Or maybe one of the three had sold

out the other two. If Sid was to gather the information sought by the cartel, he would have to act quickly.

QUESTIONS • EXERCISES
1. What are the ethical issues here? 2. What moral philosophies were Sid, Glenna, and Ron using? 3. What are some control options that D&R could have introduced to create a more ethical culture? 4. Discuss the advantages and disadvantages of each decision that Sid could make. 5. Identify the pressures that have caused the ethical issues to develop. 6. Discuss Sid’s power structure and leadership position at D&R and what it might be at the new D&R.
*This case is strictly hypothetical; any resemblance to real persons, companies, or situations is coincidental.

dvances in communication, technology, and transportation have minimized the world’s borders, creating a new global economy as more and

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