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Principles of International Business Ethic

Source: iew3.technion.ac.il
Topic: Business Ethics

Sort Desciption: Principles of International Business. Ethic. (Adopted from the International Business Ethics. Institute). 1. Integration Business ethics must permeate all ...

Content Inside: Principles of International Business Ethic (Adopted from the International Business Ethics Institute) 1. Integration Business ethics must permeate all aspects of organizational culture and be reflected in key management systems. Companies start by integrating ethics into goal setting and hiring practices. When promoting workers to higher levels within the company ethical principles guide incentive programs. 2. Implementation Ethical conduct is not just an idea but requires the implementation of a plan of change in specific areas of work in the company. Some examples are efforts to modify personnel appraisal processes promotion of improved environmental practices and referrals to specialists when needed. 3. Internationalization Increased internationalization is necessary to all successful business in the 21 st century. Internationalization is achieved through the formation of international partnerships trading blocs and implementation of GATT and other free trade agreements. Clarification of an organizations own definition of integrity that transcends national borders is necessary. A resulting program is not culturally defined and requires little or no modification when applied in global contexts.

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