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Week 2: International ethics and social responsibility (Chapter 3)

Dr Candy (Ying) Lu Dr Monica Ren

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Review of Chapter 1

 LO1: Globalisation and internationalisation  LO2: Defining international organisations  LO3: Challenges of international management  LO4: External environment (Rules of the game set

by each country)

 What are the external environmental factors that

influence doing business overseas?

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What you will learn

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LO1: Definitions

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Ethics

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Universalism Cultural relativism

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Corporate social responsibility (CSR)

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LO2: Arguments for and against CSR LO3: The challenges LO4: Ethics and social responsibility around the world LO5: Reconciling ethical differences across cultures

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Introduction

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The business of business is business but to what extent does that include managing environmental interdependence? Is it possible to reach some kind of consensus on moral and ethical behaviour or do we all go round and round endlessly in our own ethnocentric circles? At the very least organisations should have codes of conduct for all who work or deal with them.

ANZ http://www.anz.com/doc uments/au/policies/ANZEmployee-Code-ofConduct.pdf Coca-Cola http://assets.cocacolacompany.com/45/59/f8 5d53a84ec597f74c754003 450c/COBC_English.pdf

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Ethics (LO1)

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Ethics are moral principles, value-systems and orientations They express concepts of right and wrong accepted by individuals or social groups to govern acceptable conduct. How are international managers to know which set of ethics to apply when those of host and home countries operate on different lines?

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Ethical Perspectives (LO1)

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Universalism

Widespread and objective sets of ethical guidelines exist across countries Moral assessment of people should be on fundamental principles

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US government believes that fundamental principles include the need for economies to be under democratic control and...