Business Ethics Essay Example | Topics and Well Written Essays - 1000 words - 13

Business Ethics - Essay Example The work dwells on the notion of business ethics. The author points out that different nations and cultures have different values and moral principles that form their ethics. Consequently, it can be said that the principle of business ethics is understood by different nations and cultures differently. So, the goal of the given work is to present thoughts and ideas which have some impact on diverse national, cultural and universal understandings of business ethics. For this purpose, the author tries to define the concept of ethics and business ethics. The author reminds certain standards of behavior and decision-making are already prescribed by laws, regulations, and codes of conduct . Globalization helps to standardize and spread certain norms all over the world for them to be imposed onto people and businesses. The author comes to the conclusion that moral and ethical dilemmas are a frequent problem that companies face working in foreign markets and cultures. However, international guides, like the Global Compact of the United Nations, help businesses to orient and direct their internal corporate cultures in such a way that they bring local cultures closer to international levels of ethical awareness. The author shows that similarly, ethical rules of organizations will be continuously re-settled or re-described as external environment changes. It can be assumed that such rules will be improving and changing for better because ethical behavior of a business is one of the determinants of that company’s success and level of competitive advantage.