Theories on Business Ethics

Jun 29th, 2015
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University of Massachusetts Amherst
Course: general
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Business ethics are the moral principles regarding right and wrong behaviours within a corporation. In an international context this is of particular importance as what is considered as good practice in one country may be considered unethical in another.

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Discuss how developing countries and developed countries pose distinct challenges for multinational enterprises' ethical behaviour? Using examples, discuss whether and how MNEs from developed countries adapt their ethical conduct and corporate social responsibility practices according to local expectations in developing countries. IntroductionFirms that operate internationally often encounter ethical dilemmas derived from differences in ethical principles/norms between home and host countries. What course of action is right or wrong is not always easy to ascertain when there is a disagreement in cultural values and interests. Whether multinational companies should adapt their behaviour to the local standards or follow the same universal principles upheld at home is an on going debate with no definite answer. As Donaldson (1996) agreed with the philosopher Michael Walzer, "There is no Esperanto of global ethics"This essay commences by presenting some of the main theories regarding business ethics. After examining the ethical challenges that Multinational Enterprises (MNEs) face in a global context, it will be addressed in what degree MNEs adapt their activities to meet local values and norms. This essay also presents how some existing MNEs from developed countries have implemented their ethical strategies in developing countries.Theories on Business Ethics Business ethics are the moral principles regarding right and wrong behaviours within a corporation. In an interna

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