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International Business Ethics and Incipient Capitalism: A Double Standard Richard De George

International Business Ethics and Incipient Capitalism: A Double Standard Richard De George. If ethical mores differ from society to society what rules do you follow? Business ethics depend on the structure of a society Business ethics is socioeconomic

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International Business Ethics and Incipient Capitalism: A Double Standard Richard De George

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  1. International Business Ethics and Incipient Capitalism: A Double StandardRichard De George • If ethical mores differ from society to society what rules do you follow? • Business ethics depend on the structure of a society • Business ethics is socioeconomic • Business ethics must take into account existing infrastructure

  2. BUSINESS IN RUSSIA • Translating from communism/socialism to capitalism • Legal system in flux • Basic norms should be honored (murder, extortion) • No need to reinvent just modify ethical norms • Corruption should be stopped now • Transition will be difficult • Some unethical acts may need to continue (bribery)

  3. Values in Tension: Ethics Away From HomeThomas Donaldson • CULTURAL RELATIVIST • Country has the right to establish it own health and safety regulations • ETHICAL IMPERIALISM • Do everything exactly the same as in their home country • Absolutists

  4. PROBLEMS WITH IMPERIALISM • Different cultural traditions must be respected • There is more than one set of concepts to define moral truth • Context helps shape ethical practices

  5. GUIDING PRINCIPLES • Respect for Core Human Values • Good Health • Right to Economic Advancement • Must not treat people as tools • Respect for Local Traditions • Context Matters

  6. STAGE OF ECONOMIC AND SOCIAL DEVELOPMENT • CONFLICT OF RELATIVE DEVELOPMENT • CONFLICT OF CULTURAL TRADITIONS

  7. CORPORATE GUIDELINES • Treat Corporate Values and Formal Standards of Conduct as Absolutes • Control Relationships with Suppliers and Customers • Allow Foreign Business Units to Formulate Ethical Standards • Support Efforts to Decrease Institutional Corruption • Exercise Moral Imagination

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