Ethics in International Business
Review & Case Study
Define business ethics
List 5 of the most common ethical issues in business
Match the different philosophical approaches to ethics
Cultural Relativism
a.
A wrong way to approach ethics; used to show what not to do
b.
A recognition that human beings have fundamental rights and
privileges which transcend national boundaries and cultures
c.
Asserts that if a manager sees that firms from other nations
are not following ethical norms, then they shouldn’t either
d.
States that the only social responsibility of business is to
increase profits, staying within the law
e.
States that ethics are nothing more than the reflection of a
culture (i.e. when in Rome, do as the Romans)
f.
Believes that an action is desirable if it leads to the best
possible balance of good consequences over bad
g.
Believes that people should be treated as ends and never
purely as means to the ends of others
h.
Focuses on the attainment of a just distribution of economic
goods and services
i.
States that your own standards of ethics are are the
appropriate ones in all countries
Kantian
Righteous Moralist
Utilitarian
Friedman Doctrine
Straw Man
Justice Theories
Rights Principles
Naïve Immoralist
What is moral courage?
What 3 questions should you ask yourself if you’re questioning whether or not your decision is
ethical?
1.
2.
3.
Explain why what is ethical and normal in one country may not be so in another.
What is corporate social responsibility?
Anglo American
Business Ethics Case Study
Overview/history of Anglo American (what do they do, where do they operate, etc.)
Why are business ethics important to Anglo American?
List 5 examples of Anglo American’s commitment to corporate social responsibility and why they do
it
1.
2.
3.
4.
5.
What are the benefits to Anglo American for acting ethically?
If a mining company behaves without regard for the people or the environment, what could happen?
After reading about and discussing the Chilean Mining Accident of 2010, do you think Anglo
American could/should do anything else to support the mining industry? Explain.