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Ethics and Cultures Difference in International Business
Week 2Introduction to International Business
Tommy Efrata Introduction to International Business
Introduction
What is culture?
VALUES
NORMS
Tommy Efrata Introduction to International Business
Introduction (2)
Business Ethics
Accepted principal right or wrong governing the conduct of business-
people
Ethical StrategyStrategy and action that does not
violate accepted principles
What is Ethics?
Tommy Efrata Introduction to International Business
Accepted Principles
What are they?
NormsReligion
sLaws
Cultures
Tommy Efrata Introduction to International Business
Determinants of Culture
Culture Norms
and Value
Systems
ReligionPolitical
Philosophy
Education
Social Structure
Economic Philosophy
Language
Tommy Efrata Introduction to International Business
Discussion
Why the culture of a country might influence the cost of doing business in that country?
Tommy Efrata Introduction to International Business
The Principles of Business Ethics
Autonomy Honesty Sincerity Justice Respect
Tommy Efrata Introduction to International Business
Ethical Issues
Employment Practices
Human Right
Environment Pollution
Corruption
Moral Obligations
Tommy Efrata Introduction to International Business
Employment Practices
Low salary, bellow minimum living standard?
Under age? Over work? What else?
Tommy Efrata Introduction to International Business
Environmental Pollution
Responsibility Conflict
Tommy Efrata Introduction to International Business
Human Rights
Discrimination Against:
Religions
Race
Gender
Age
Tommy Efrata Introduction to International Business
Corruption
MNC Operating Abroad
Which jurisdiction apply?
Home country Subsidiary
Tommy Efrata Introduction to International Business
Moral ObligationCorporate Social Responsibility
consumers
communities
environment
creditors
shareholders
employees
Tommy Efrata Introduction to International Business
Determinants of Ethical Behavior
Ethical BehaviorPersonal Ethics
Decision Making Process
Unrealistic Performance
Goal
Organization Culture
Leadership
Tommy Efrata Introduction to International Business
Ethical Decision MakingHiring and promotion
Organizational culture and leadership
Decision making process
Ethics officer
Moral courage
Tommy Efrata Introduction to International Business
Entrepreneur’s Perspective
Four aspects of an entrepreneur’s success
Firm’s performance
Relationship with the people’s expectation
Something that expected by the people
The real result from the expectation
Tommy Efrata Introduction to International Business
Entrepreneur’s Perspective (2)
Entrepreneurial Responsibilities
Economic responsibilityLegal responsibilityMoral responsibilityDiscretionary responsibility
Tommy Efrata Introduction to International Business
Weekly Presentation Find an interesting international
economy/business news from newspaper, e-news etc
Analyze and relate the news with opportunities which can arise from it (macro scale)
Ready for a 10 minutes presentation of the news analysis, weekly
In group, consist of 3 students
