Content area
Full Text
Key Words
Business Ethics, Globalization, ICT, International Business
Abstract
Globally, every business is on a wild race to acquire more and more, mostly by short cut means. In the process of acquire they are doing the things which are not acceptable by society. This brings out the need of Ethics in business. Ethics is an everyday occurrence in as one's personal life as well as in corporate world. Business ethics examines ethical principles and moral or ethical problems that arise in a business environment. Due to the globalization of markets and production processes, an ever increasing number of marketers and business organizations have to deal with ethical issues in cross-cultural settings.
This paper examines the relevance of business ethics in international business scenario. The ethical influence of globalization on different stakeholders like shareholders, employees, customers, suppliers, competitors, government and civil society has been studied. The ethical issues faced by organizations in international human resource management, international financial management, international marketing, production, and information and communication technology (ICT) have been scrutinized. Business ethical practices in global corporations like Walmart, Coca-Cola, Nike, Texas Instruments, Infosys Technologies and Sony Corporation has been inspected. It comes out from the study that ethical business leadership is crucial for long-term success of the organization. The organizations should endeavor to provide value-based leadership to prosper. In the nutshell, this paper uniquely confluences the prominent disciplines like marketing, finance, human resource, production, ICT etc to establish the value of business ethics in emerging international business scenario.
Introduction
The corporate leaders and senior managers working with every global organization are facing various dilemmas and concerns spamming various disciplines like marketing, finance, human resource, production etc. Ethics present solutions to overcome these dilemmas and concerns.
Ethics is an important aspect in life of individuals as well as businesses. It attempts to distinguish right from wrong and good from bad. It constitutes desirable conduct in a particular set of social circumstances, prescribes moral codes, norms, beliefs and practices. Business or corporate ethics is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It is a specialized area of moral right and concentrates on application of moral standards to business institutions and...