Ethics and the conduct of business 8th by john boatright and smith 2017 chapter 14

Learning Objectives 1 of 2• 14.1: Categorize the various ethical problems that multinational companies may face in their foreign operations, especially while conducting business in less-

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Ethics and the Conduct of Business

Eighth edition

Chapter 14

International Business Ethics

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• Introduction: International Business Ethics

• 14.1: Different Standards

• 14.2: Guidelines for Multinationals

• 14.3: Wages and Working Conditions

• 14.4: Foreign Bribery

• 14.5: Human Rights Abuses

• Conclusion: International Business Ethics

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Learning Objectives (1 of 2)

• 14.1: Categorize the various ethical problems that

multinational companies may face in their foreign

operations, especially while conducting business in

less-developed countries

• 14.2: Explain how the moral concepts of rights, welfare, and justice offer guidelines for conducting international business and the role of global civil society in developing and

enforcing these guidelines

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Learning Objectives (2 of 2)

• 14.3: Describe the ethical issues in determining wages and standards for working conditions in international business, and factors that multinational corporations and foreign

contractors should consider to improve on those set by

market mechanisms

• 14.4: Evaluate the various forms of bribery and factors that foster them, the ethical problems with bribery, and the

diverse means and strategies for combating bribery

• 14.5: Relate the challenges multinational companies face in dealing with repressive governments, and how a strategy of constructive engagement can be applied to operations in countries with a record of human rights abuses

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Introduction: International Business Ethics

• Global marketplace

• Diversity of business standards

• Repressive governments

• Corruption

• Affects host country development

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14.1: Different Standards (1 of 2)

Objective: Categorize the various ethical problems that multinational companies may face

in their foreign operations, especially while conducting business in less-developed

countries

• 14.1.1: Relevant Differences

– Conditions in countries differ

• 14.1.2: Variety of Outlooks

– Overview

– Cultural differences

• 14.1.3: Right to Decide

– Right of the host country

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14.1: Different Standards (2 of 2)

Objective: Categorize the various ethical problems that multinational companies may face

in their foreign operations, especially while conducting business in less-developed

countries

• 14.1.4: Business Necessity

– Necessary practice for business

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14.2: Guidelines for Multinationals (1 of 2)

Objective: Explain how the moral concepts of rights, welfare, and justice offer guidelines for conducting international business and the role of global civil society in developing and enforcing these guidelines

• 14.2.1: Rights

– Fundamental International rights

– Rights-based guidelines drawback

• 14.2.2: Welfare

– Richard DeGeorge guidelines

• 14.2.3: Justice

– Distribution of benefits

– Violation of market rules

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14.2: Guidelines for Multinationals (2 of 2)

Objective: Explain how the moral concepts of rights, welfare, and justice offer guidelines for conducting international business and the role of global civil society in developing and enforcing these guidelines

• 14.2.4: International Codes

– International codes

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Figure 14.1: Moral Authority for Codes of International Business Ethics30

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14.3: Wages and Working Conditions

Objective: Describe the ethical issues in determining wages and standards for working conditions in international business, and factors that multinational corporations and foreign contractors should consider to improve on those set by market mechanisms

• 14.3.1: Setting Wages

– Obstacles

– Argument for market wages

– Arguments against market wages

• 14.3.2: Working Conditions

– Overview

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14.4: Foreign Bribery (1 of 2)

Objective: Evaluate the various forms of bribery and factors that foster them, the ethical problems with bribery, and the diverse means and strategies for combating bribery

• 14.4.1: What Is Bribery?

– What is bribery

• 14.4.2: What's Wrong with Bribery?

– Economic effects

– Noneconomic consequences

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14.4: Foreign Bribery (2 of 2)

Objective: Evaluate the various forms of bribery and factors that foster them, the ethical problems with bribery, and the diverse means and strategies for combating bribery

• 14.4.3: Combating Bribery

– Problems

– Solution

– Anti-bribery strategies

– Foreign Corrupt Practices Act

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Table 14.1: World’s 10 Industry Sectors Most Likely to Involve Bribery

Industry Sector Score (0–10)

Public works contracts and construction 5.3

Real estate, property, legal and business services 6.1

Power generation and transmission 6.4

Pharmaceutical and healthcare 6.4

Arms, defence and military 6.6

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Table 14.2: Strategies for Combating Bribery

Anti-Bribery Tactics and Goals Score (0–10)

• Limit government involvement and promote free

markets and healthy competition

• Design and enforce proper regulations to clarify and

simplify processes

Alter the government’s role in the economy

• Pay civil servants more to remove the need for extra

income

• Make civil service jobs so attractive that the risk of

losing them will deter bribery

Reduce the temptation to demand or accept bribes

• Carefully select projects to eliminate those most

vulnerable to bribery

• Closely monitor approved projects

• Have funding agencies and loaning investment banks

perform checks

Eliminate bribery in government projects

• Create special law enforcement units to uncover and

prosecute instances of bribery

• Promote international standards against corruption to

combat bribery

• Use international cooperation to recover plundered

assets

Focus on enforcing laws to prevent and criminalize bribery

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14.5: Human Rights Abuses

Objective: Relate the challenges multinational companies face in dealing with repressive governments, and how a strategy of constructive engagement can be applied to

operations in countries with a record of human rights abuses

• 14.5.1: Constructive Engagement

– Constructive engagement strategy

• 14.5.2: Liability for Abuses

– MNCs indirectly accountable for abuses

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Conclusion: International Business Ethics

• MNCs have social responsibility

• Diverse political and legal systems

• Diverse standards

• Guidelines for international business

• International codes of ethics

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