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Essay On Ethical Issues In International Business

1979 Words8 Pages

This article basically highlights the major and critical ethical issues in the business domain and how that many companies are following these codes of conduct. The lack of international ethics as made the fall of business development in our era. The host and home companies are falling in growth only because of not paying attention to these factors. There is a need of some basic rules or regulations that bring the entire international business world on a proper systematic platform. By following these ethical rules, disputes between many companies can be resolved as well as the employees would be satisfied in the workplace. The need of global ethics has been increased to resolve the matters of business dealings and to respect the other’s view. All these issues have certain steps that could be taken in order for a prosperous growth and success. If a company wants to be a part of this business world, then it should take in notice of these drawbacks and resolve them to shine in the business era.
It starts off with an important matter that many companies do not follow the basic and essential principles of ethics that leads to the weakening of workforce. This creates an unfair treatment that many …show more content…

The employees should also get certification of IBCE and those who do so should be rewarded. One more solution that the author suggested was online training tests that the employee could take and also get review about the ethical knowledge. Internal audits also should takes place in a company to ensure that no illegal activities are going around to the excess stress on managers and employees to meet their deadlines. Each company should have their own rules that they should implement on each employee. There should an eye on the local officials to ensure of ethical laws followed by them

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