International Business Chapter 5. Ethics in international business

28 cards·by AntonellaAc

What are the most pressing ethical issues?

employment practices, human rights, enviromental regulations, corruption, moral obligations of multinational corporations (Noblesse oblige)

When the tragedy of the commons occurs?

When a resource held in common by all, but woned by no one, is overused by individuals, resulting in degradation. Ex oceans or atmosphere

What is the FCPA?

Foreign Corrupt Pratices Act

What was created y the OECD which followed the U.S. lead?

Convention on comating bribery or foreign public officials in international business transactions

What is still allowed after shit convention?

"facilitating payments known as speed money or grease payments

Why do managers behave in an unethical manner? (Determinants of ethical (or unethical) behavior)

Personal ethics, organziation culture, unrealistic performance goals, leadership, decision-making processes, societal culture

What is the main idea of the Friedman doctrine?

Use the resources in activities to increase profits as long as it stays within the rules

What is the baisc idea of the cultural relativism?

A firm should adopt the ethics of the culture in which is oprating

What is the concept of the righteous moralist?

A multinational home-country standards of ethics are the appropriate ones for companies to follow in foreign countries

And what abut the naïve inmoralist?

if a firm from other nation is not following ethical norms in a host nation, i shouldnt either

Wht the basis for the utilitarian approach?

Maximization of good and the minimization of harm

What are the main problems of the utilitarian philosophy?

Measuring the benefits, costs and risks of a course of action & the omision of considerating justice

What is the name of the philosophy of immanuel Kant and what it says?

Kantian ethics. That people should be treated as ends and never as means to the ends of others

What's the name fot the theories that recognize that human beings hace fundamental rights and privileges that transcend national boundaries?

Rights theories in the Universal Declaration of Human Rights - UN 1948

What's the article which relates directly to employment and whata it states?

Article #23. Right to work, just and favorabale condtions, no discrimination, just remuneration, to join trade unions for ther interests

And whats the article that says that people have obligations and what it states?

Article #29, everyone has dutis to the community in which the free and full development of his personality is possible

On what focuses the justice theories? Is there just one justice theory?

On the attainment of a just distribution of ecocnomic goods and services. No, there are several

On what justice theory are we focusing and what he states?

John Rawls. All economic goods and services should be distributed equally exceptwhen an unequal distribution would be for everyones advantag

What is the veil of ignorance?

Is a conceptual device where everyone imagine to be ignorant of all their particular characteristic and then make the choose.

What's the difference principle?

It states that inequalities are justified if they benefit the position of the least advantaged person.

What is the definition for stakeholder?

Any group or individual who is affected by or can affect the achievement of an organization's objectives

True or false The idea that business is about maximizing profits for stakeholders is outdated and doesn't work very well - Freeman

True

What are the attributes of stakeholders?

Legitimacy: validity, power: ability to produce an effect, urgency: degree to claim demands immediate attention

Whats the name in the center of the typology of stakeholder attributes?

Definitive stakeholder

How you name a stakeholder that has power and legitimacy?

Dominant stakeholder

How you name a stakeholder that has power and urgency?

Dangerous stakeholder

How you name a stakeholder that has legitimacy and urgency?

Dependent stakeholder

What are the 3 basic names for stakeholders related to power, legitimacy and urgency in that order?

Dormant, Doscretionary & Demanding stakeholder