What is meant by international business ethics? Should the local culture affect ethical prctices?
International business ethics are moral principles that should be applied by businesses all around the world. These are values that can be universalized, and examples include not acting fraudulently, not stealing other company's property or ideas, and not embarking on marketing campaigns that would involve lying to customers.
If we consider the term business ethics to mean a moral code applicable to businesses, then "international business ethics" refers to such a code that can be applied around the world.
Values such as the examples given above should be seen as non-negotiable in the business world. There is no culture in which activities such as fraud, corruption or theft can be tolerated.
There can be any number of ethical practices that are applied in certain regions by local cultures. Some of these, such as not allowing women to do business, should be discouraged, while others, pertaining perhaps to a particular way in which associates greet each other, do not have an impact on the ethical standards with which business is conducted.
Let’s take a look first on the definition of Ethics, so it is otherwise known as as moral philosophy, or a branch of philosophy that has defending, systematizing, and recommending sets of concepts pertaining about the right and wrong conduct. It addition Ethics derived from the Greek word ethos that something talk about “character". Since we are talking about International Business Ethics- It usually talks on the moral philosophy or about a form professional ethics or applied ethics that examines ethical principles or ethical problems that arise in a business environment. Furthermore, it usually applies to all aspects of conduct in business and is something related or relevant to the conduct of individuals and whole organizations. Of course International Business Ethics has impact or could affect the local culture by the authority that belongs in the business world-what I’m trying to say is that, money could be used by business minded people around the world just to stand for their set standards principles.