Ethical Decision-Making in International Business: A Detailed Analysis
VerifiedAdded on 2023/01/18
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Report
AI Summary
This report delves into the complexities of ethical decision-making within an international business context. It explores concepts such as "moral free space" and the influence of cultural values on stakeholder attitudes and behaviors. The report examines major forms of CSR initiatives undertaken by MNEs, highlighting examples and analyzing the need for managers to consider values beyond shareholder interests. It addresses challenges related to global ethics, offering strategies for international managers to navigate ethical dilemmas in diverse business environments, including the application of ethical decision-making models. The report also discusses strategies to overcome discriminatory employment practices, the implications of software piracy regulations, and the differences between relativist and absolutist perspectives on ethics. Furthermore, it emphasizes the importance of written codes of conduct and analyzes ethical management strategies employed by companies like Johnson & Johnson, Motorola, and Levi's. The report provides a comprehensive overview of ethical considerations in global business, offering valuable insights for managers and stakeholders.
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