COMMERCE 4SA3 Chapter Notes - Chapter 4: Corporate Social Responsibility, Noblesse Oblige, Cultural Relativism
8 Oct 2016
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Document Summary
Ethical issues that arise when companies do business in different nations. These ethical issues arise precisely because of differences in culture, economic development, politics, and legal system. Social-cultural environment that has been influenced by immigration patterns worldwide: many groups of identified cultures use technology and economic influence to exert pressure on gov. to change rules and regulations (allow gaymarriage) Technological environment (faster internet, mobile devices) have affected communications and the work environment and productivity. Economic environment, including currency fluctuations and international ngos (imf) playing a more significant role in the economies. Competitive environment which is causing companies to make decisions in a global context. Ethics: accepted principles of right or wrong that govern the conduct of a person, organization. Business ethics: accepted principles of right or wrong governing the conduct of business people. Ethical strategy: strategy or course of action that does not violate these accepted principles.
