Running Head: Discussion Board Forum 1—Part 2
DB 1—Part 2
Ethics in Global Business
Cierra L. Wilson
BUSI 604—International Business
1. Key Term and Why You Are Interested in It
Ethics in global business (and business in general) seems to be the determining factor and foundation on which a business succeeds. Atop the foundation lies a pedestal and there sits the people who hold managerial positions. These people in turn are the threads that tie business and success together. They hold the morality and standard of conduct (ethics) within their very being.
“Higher-ups” within a business “…make moral decisions, not corporations themselves…” says Boddy (as cited in Boddy, Ladyshewsky, and Galvin, 2010) and it is extremely important that leaders display an exceptional example in the midst of their employees, considering that their employees are looking to them for advice, education and anything that pertains to growing and succeeding (within the business and the business itself).
Wanting to personally own several businesses (locally and globally) in the future, it’s imperative for a leader, such as myself to understand the importance of ethics in global business. This topic makes for an interesting and valuable discussion considering its impact in this ever-changing world.
2. Explanation of the Key Term
Ethics largely concerns conduct and is charged with helping leaders to make moral decisions when it comes to difficult situations (Audi, 2012). Ethics are essential when companies are doing business locally, but more vital when they are doing business globally.
When dealing with companies and clients outside of one’s locality (and in certain circumstances within the locality), one must refrain from the mindset, “One size fits all” and gravitate toward the mindset of “One size fits most;” what one culture believes to be moral may be the total opposite of that of another culture.
Unfortunately,...