May 1, 2013
In what ways can culture affect ethical standards and shape business behavior?
Ethical Standards: Principles that when followed, promote values such as trust, good behavior, fairness, and/or kindness. (Business Dictionary) The culture of a business is a set of rules that it goes by to conduct business. If these rules are not followed or broken, expect your current culture and ethics to change. Most time these changes are not favorable. Your culture can promote an excellent business trust. In most International business this is important, because most times this is how they base if they will do business with you or not. In China they are very formal and respectful. In China it is very important to show respect and not offend, or they will not do business.
First of all, you must seek to learn the culture of those with whom you will be doing business. Then, as you learn their culture, act in accordance with their culture's ethical standards. First you must seek to learn the culture of those who you do business with. Then you act according to their cultures and ethical standards and you will have healthy and lifelong business relationships. (How to address Differences inEthical Standards and Internatinal Businesses)
Is it ethical to take part in corrupt international business transactions? Legal? Explain.
After reading and researching this question, I find that many international businesses may not know that they are participating in corrupt practices. Here in the United States and the UK we look at taking gifts of appreciation as a possible bribe, and illegal we are not allowed to accept it, while in Romania it is of good business (How to address Differences inEthical Standards and Internatinal Businesses). This same practice of gift giving in Germany can be written off and is a prime cost in Japan (How to address Differences inEthical Standards and Internatinal Businesses)
Corrupt International business transactions may...