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Ethical International Business - Doc

   

Added on  2021-02-21

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EthicalInternationalBusinessTable of Contents
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MAIN BODY...................................................................................................................................31. Political or economic ethical challenges faced by fast fashion industries. .............................32.Improvement in business activities in order to ensure ethical behaviour.................................43. Businesses that exemplify unethical behaviour and other businesses that are improving thisbehaviour......................................................................................................................................4REFERENCES................................................................................................................................6
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MAIN BODYBusiness ethics is concerned with performing fair activities in a company and also itensures that there exists a level of trust between the customers and organization. 1. Political or economic ethical challenges faced by fast fashion industries.Fashion industry is one of the fastest growing and most profitable industries in the worldbut it is a lesser known fact that the tempting profits in the clothing and fashion industry alsoattracts a lot of unethical and illegal activities from the executives. This includes exploitation ofhumans, animals and natural resources. Political and economic ethical challenges faced byfashion industries arePolitical challenges: Political challenges are mainly concerned with government rulesand regulations and various policies framed by them in order to protect the rights of thepeople involved in fashion industry. The lack of intervention by the government ofAustralia in fashion industry has further exploited it and has given rise to unethicalactivities like child labour, killing of animals and further damage to the environment. It isimperative for the government to take strict measures regarding protection of interest ofall the manufacturers and workers involved in the clothing and fashion industry. Thenegligence of government is the biggest ethical challenge in the following industry. Thedeontological ethical theory related to the political challenges states that the governmentmust adhere to their duties and obligations when they are engaged in decision making.The major objective of this theory is to make sure that people in authority must takeappropriate decisions and respect their position because upholding one's duty isconsidered to be ethically correct(Rudolph and et.al., (2018, October)).Economic challenges: The economic challenges are faced by the manufacturers andworkers mainly because major fashion companies often outsource the manufacturing ofclothes to the developing countries where the workers are not even paid the minimumwages and they work under extremely poor conditions thus it is a major economicchallenge faced by the fashion industry. The economic challenges are concerned withutilitarian ethical theory which is concerned with the ability of an individual to predict theconsequences of an action. The rule utilitarian theory is a part of ethical theory which
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