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Essay / Research Paper Abstract
A 6 page research paper that argues in favor of strict ethical standards for international business. The writer discusses several ethical aspects of international business, such as environmental concerns, wages and human rights, arguing that, in the long run, ethical practice is profitable, fulfilling the obligation of business to its shareholders. Bibliography lists 10 sources.
Page Count:
6 pages (~225 words per page)
File: D0_khinteth.rtf
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Unformatted sample text from the term paper:
to increase its profits" (Doing well, 2000, p. 65). This point of view argues that if societies want corporations to put anything ahead of profits, then their government should regulate
business accordingly (Doing well, 2000). Others, such as ethics advisor David Messick, argue that rapid technological development makes clear ethical standards problematic (Reed, 1999). Countering both attitudes, Berenbeim (2000) argues
that without "commonly accepted ethical principles...the emerging global economy will lack the respect for diversity and human dignity thats essential for (its) stability and growth" (p. 26). In a speech
given in 2002, Berenbeim placed ethics at the heart of business concerns, even over such concerns as sustainable development and environmental responsibility. Other voices, however, do not see these
areas of concern as incompatible and argue that comprehensive ethical standards encompass all aspects of "doing the right thing." An examination of international business ethical issues demonstrates that this is
a complex topic, but that --in the long run-- looking after ethical concerns ultimately serves the goal voiced by Friedman, that is, being ethical equates with being profitable and, thereby,
fulfills businesss obligations to its shareholders. All sort of rationalizations can be made to justify unethical behavior, from small malfeasance to large. Pfeffer (2003) describes dinner conversation between senior
executives from Silicon Valley tech corporations. After bemoaning the latest wave of corporate scandals, these executives discussed how they had found ways to extend their quarters when sales were low.
Pfeffer writes, "In other words, if the quarter ended on June 30 and they needed more sales, the quarter would be extended and the books held open another day
or two" (2003, p. 80). Pfeffer found it interesting that these individuals saw nothing unethical in doing this, but rather viewed it as a way to "make the numbers" (2003).
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