Ethics and Social Responsibility in a Global Environment

Question 1

Common Ethical Dilemmas in international Managment

Answer 1

Labor Practices: low-wage labor, child labor, working conditions

Bribery and Corruption: varying legal standards and cultural attitudes toward facilitation payments

Environmental Impact: Different regulations may encourage or discourage susatinable practices

Question 2

Utilitarianism

Answer 2

-Focus on the greatest good for the greatest number

EX: MNCs might weigh the total benefits/harms of entering or leaving a foreign market

Question 3

Deontology (Kantian Ethics)

Answer 3

-emphasis on duties rules, and universal moral laws

EX: companies may adopt non-negotiable principles like human rights, regardless of local norms

Question 4

Virtue Ethics

Answer 4

-concentrates on character and virtues, such as integrity, courage, and fairness

EX: leadership that embodies honesty and compassion fosters an ethical corporate culture globally

Question 5

Cultural Relativism vs Universalism

Answer 5

Cultural Relativism: ethical standards are culturally bound, no universal framework

Universalism: core human rights and ethical principles apply across cultures

MNCs often adopt global codes of conduct that blend universal principles with local sensitivity

Question 6

Key International Frameworks

Answer 6

-United Nations Universal Declaration of Human Rights
-ILO (International Labor Organization) standards
-UN Global Compact: ten principles covering human rights, labor, environment and anti-corruption