Business Ethics and Global Economy - 10535 Words

6433ch10.qxd_lb 10/19/06 10:43 AM Page 260 CHAPTER OBJECTIVES ââ€"† CHAPTER 10 Business Ethics in a Global Economy CHAPTER OUTLINE Ethical Perceptions and International Business Culture as a Factor in Business Adapting Ethical Systems to a Global Framework Global Values The Multinational Corporation Sexual and Racial Discrimination Human Rights Price Discrimination Bribery Harmful Products Pollution and the Natural Environment Telecommunications Issues Intellectual-Property Protection World Trade Organization To understand the role of culture as a factor in business ethics To discuss cultural relativism and global business ethics To explore global values To assess the role of multinational corporations in business ethics To†¦show more content†¦However, late one afternoon Sid and a few others provided the proper forms, and Ron signed them without realizing what he had done. Several months passed and the three survivors had resorted to lowering their expenses by using their own funds. This in turn led to Sid churning some of his accounts; that is, he bought and sold stocks for the express purpose of increasing his own revenues. Churning was tolerated in Japan, along with other practices that would be deemed questionable in the United States. Ron was oblivious to what Sid was doing because his focus was on reducing expenses. In the previous month, a group of important DR clients had thrown a party for a few of their favorite brokers at one of their local haunts. After the customary toasts and small talk, it was suggested to Sid that a Japanese cartel might be interested in DR. Sid was cautious and nothing else was mentioned. Several weeks later at another party, Sid and the two remaining DR people were told that a takeover was imminent. But to make the takeover painless, the cartel needed certain sensitive 6433ch10.qxd_lb 10/19/06 10:43 AM Page 262 262 PART 4 ââ€"† IMPLEMENTING BUSINESS ETHICS IN A GLOBAL ECONOMY information. Sid’s reward for providing it would be a high position in the new, reorganized company and a â€Å"wink/nod† agreement that he could go anywhere in the world for his next assignment. That week Ron had announced that headquarters was pleased with the productivity of theShow MoreRelatedEthical Principles Of The Word Ethics1464 Words   |  6 PagesThe Cambridge Dictionary of Philosophy states that the word ethics is commonly used interchangeably with morality ... and sometimes it is used more narrowly to mean the moral principles of a particular tradition, group or individual (Deigh, 1995). Since we were kids and we began to realize what was around us, our parents and grandparents have taught us the basic knowledge of what is good and what is bad. 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