Ethics and Cultures Difference in International Business Week 2 Introduction to International Business

Tommy EfrataIntroduction to International Business Introduction  What is culture? VALUES NORMS

Tommy EfrataIntroduction to International Business Introduction (2) Business Ethics Accepted principal right or wrong governing the conduct of business- people Ethical Strategy Strategy and action that does not violate accepted principles  What is Ethics?

Tommy EfrataIntroduction to International Business Accepted Principles What are they? Norms Religion s Laws Culture s

Tommy EfrataIntroduction to International Business Determinants of Culture Culture Norms and Value Systems Religion Political Philosophy Education Social Structure Economic Philosophy Language

Tommy EfrataIntroduction to International Business Discussion Why the culture of a country might influence the cost of doing business in that country?

Tommy EfrataIntroduction to International Business The Principles of Business Ethics  Autonomy  Honesty  Sincerity  Justice  Respect

Tommy EfrataIntroduction to International Business Ethical Issues  Employment Practices  Human Right  Environment Pollution  Corruption  Moral Obligations

Tommy EfrataIntroduction to International Business Employment Practices  Low salary, bellow minimum living standard?  Under age?  Over work?  What else?

Tommy EfrataIntroduction to International Business Environmental Pollution  Responsibility Conflict

Tommy EfrataIntroduction to International Business Human Rights Discrimination Against: Religion s Race Gender Age

Tommy EfrataIntroduction to International Business Corruption MNC Operating Abroad  Which jurisdiction apply? Home country Subsidiary

Tommy EfrataIntroduction to International Business Moral Obligation Corporate Social Responsibility consumers communities environment creditors shareholders employees

Tommy EfrataIntroduction to International Business Determinants of Ethical Behavior Ethical Behavior Personal Ethics Decision Making Process Unrealistic Performance Goal Organization Culture Leadership

Tommy EfrataIntroduction to International Business Ethical Decision Making  Hiring and promotion  Organizational culture and leadership  Decision making process  Ethics officer  Moral courage

Tommy EfrataIntroduction 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 EfrataIntroduction to International Business Entrepreneur’s Perspective (2) Entrepreneurial Responsibilities  Economic responsibility  Legal responsibility  Moral responsibility  Discretionary responsibility

Tommy EfrataIntroduction 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