tailieunhanh - Lecture Business and society - Chapter 10: Ethical Issues in the Global Arena

Contents: Business Challenges in a Multinational Environment, Ethical Issues in the Global Business Environment, Improving Global Business Ethics. | © 2015 Cengage Learning Chapter 10 Ethical Issues in the Global Arena © 2015 Cengage Learning Learning Outcomes Differentiate between the concepts of internationalization and globalization of business. Explain the ethical challenges of multinational corporations (MNCs) in the global environment. Summarize the key implications of the following ethical issues: infant formula controversy, Bhopal tragedy, sweatshops and human rights abuses, and the Alien Tort Claims Act. Define corruption, differentiate between bribes and grease payments, and outline the major features of the Foreign Corrupt Practices Act. Describe the growing anticorruption movement and the key players in this movement. Identify and discuss strategies for improving global ethics. © 2015 Cengage Learning Chapter Outline Business Challenges in a Multinational Environment Ethical Issues in the Global Business Environment Improving Global Business Ethics Summary Key Terms © 2015 Cengage Learning Ethical . | © 2015 Cengage Learning Chapter 10 Ethical Issues in the Global Arena © 2015 Cengage Learning Learning Outcomes Differentiate between the concepts of internationalization and globalization of business. Explain the ethical challenges of multinational corporations (MNCs) in the global environment. Summarize the key implications of the following ethical issues: infant formula controversy, Bhopal tragedy, sweatshops and human rights abuses, and the Alien Tort Claims Act. Define corruption, differentiate between bribes and grease payments, and outline the major features of the Foreign Corrupt Practices Act. Describe the growing anticorruption movement and the key players in this movement. Identify and discuss strategies for improving global ethics. © 2015 Cengage Learning Chapter Outline Business Challenges in a Multinational Environment Ethical Issues in the Global Business Environment Improving Global Business Ethics Summary Key Terms © 2015 Cengage Learning Ethical Issues in the Global Business Environment The growth of global business as a critical element in the world economy is one of the most important developments of the past half century. Characterized by a rapid growth of foreign direct investment in developing nations like China, India, and Russia. In less-developed countries (LDCs), because there are no government regulations, the temptation is to lower or reject standards. The expanded marketplace has been called the transnational economy. © 2015 Cengage Learning Business Challenges in a Multinational Environment A multinational corporation (MNC) or multinational enterprise (MNE) seeks to be accepted into an unfamiliar society. Two major challenges: Achieving corporate legitimacy in an unfamiliar society. Differing philosophies between MNCs and host countries. © 2015 Cengage Learning The Dilemma of the Multinational Corporation Home Country Stakeholder Pressures Host Country Stakeholder Pressures Standards Practices Ethics Laws

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