Ethics in IB Ppt

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International business impacts daily lifearound the world and also affects ethical

decisions in business.


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To describe settings in which international

business affects people

To list issues that affect ethics in

international business


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It is necessary to work in the globalenvironment in an ethical and legal way in

order to sustain effective global trade.


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ethics

a set of moral principles by which

people conduct themselves personally,

socially, or professionally

business

ethics

a set of ideas about how a company

should conduct business in relation tolegal, social, and environmental issues


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social

responsibility

the duty to do what is best for

society

code of ethics

a statement that explains what a

company or group believes isproper and improper conduct


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stakeholdersthe various individuals or groupsof people who have a direct

interest, involvement, or

investment in something


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The Impact of International

Business

State or

Provincial

Local

National

International

International

business affects

countries on

several levels.


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Local Level

People can buy products from firms around

the world.

Customers expect local businesses to keep

up with local and international trends.

Internet use makes the world ofinternational business move faster.


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State or Provincial Level

State and provincial governments seek

ways to sell regional products globally.

Businesses located in one state look to

build relationships with international

companies and national governments.


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National Level

Highly developed countries seek to keep a

balance between exporting their products

and importing products.

Countries with few natural resources or

goods to export have trouble with

economic stability.


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International Level

Taxes and tariffs can be imposed on a

country that is gaining an unfair advantage

by pricing its exported products too low.

A recession in one country can affect the

economies of other countries.


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Ethics and Social Responsibility

Ethics exist to serve

as guidelines for

behavior.

ethics

a set of moral principles

by which people

conduct themselves

personally, socially, or

professionally


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Business ethics have

to do with doing the

right thing in business.

business ethics

a set of ideas about

how a company should

conduct business in

relation to legal, social,

and environmental

issues

Business ethics include

practicing businesslegally, morally, and fairly.


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Social Responsibility

A code of ethics might

be created or sponsored

by a company orprofession.

code of ethics

a statement that

explains what acompany or group

believes is proper and

improper conduct


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Stakeholders

Stakeholders

in a

Business

employeeslabor unions

owners

stockholders

governmentssuppliers

customers

general public


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Stakeholders

Every ethical issue, from unfair wages to tax

evasion, has a specific impact on a

stakeholder group.


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Factors Affecting Ethical Decisions

Factors affecting ethical decisions include:

The culture and history of a country

Union issues

Government regulations


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Factors Affecting Ethical Decisions

Recall Name three

factors that affect ethical

decisions.


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Consequences

Some consequences of unethical

decisions include:

Lawsuits

Government intervention

Jail

Loss of business partners internationally

Loss of customers


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1.2

1. How does international business affect ordinary

people?

on the local level, through offering new goods and

services; on the state or provincial level, by

representing local products internationally; on the

national level, by impacting the nations economy


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1.2

2. What are ethics and social responsibility?

Ethics is a set of moral principles by which people

conduct themselves; social responsibility is the duty to

do what is best for the good of society.


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1.2

3. What are stakeholders?

individuals or groups of people who have a direct

interest, involvement, or investment in something


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Ethics in IB Ppt