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Shvoong Home>Arts & Humanities>Philosophy>Ethical dilemmas in Today''s business Summary

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Ethical dilemmas in Today''s business

Article Summary by: Yangmiaochun     

Original Author: Yangmiaochun
Global interdependence is a compelling dimension of the global business environment, creating demands on international managers
to take a positive stance on issues of ethical behavior, social responsibility, economic development in host countries, and environmental protection around the world. However, there were still several large multinational companies indulging in ethically questionable practices. If MNCs behave unethically, it soon comes to the notice of the public and the company’s image is tainted. Multinationals are often worse off for having behaved unethically in the interest of short term gains, as the bad publicity generated by unethical practices leads to far greater losses in the long run.
In the challenge of modern society, manager or worker often encounters a situation than challenges one’s ethical beliefs and standards. Managing across border increasingly includes difficult ethical dilemmas. It is less clear where to draw the line between ethical behavior and the corporation’s other concerns, or between the conflicting expectations of ethical behavior among different countries. The paper aims to (1) discuss current ethical dilemmas in global environmental ethics, (2) examine how multinational would address conflicting norms and expectations, and (3) illustrate one case study of ethical dilemma and its resolution.
Published: September 01, 2007
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