Question

How do managers decide upon an ethical course of action when confronted with decisions pertaining to working conditions, human rights, corruption, and environmental pollution? From an ethical perspective, how do managers determine the moral obligations that flow from the power of a multinational? In many cases, there are no easy answers to these questions because some are very real dilemmas with no obvious correct action. Nevertheless, managers can and should do many things to make sure that basic ethical principles are adhered to and that ethical issues are routinely inserted into international business decisions.

Answer 1

Explanation:

Organizational ethics is a competitive advantage in organizations.

In the globalized business world, the companies that insert an ethical context in all their internal and external decisions are those with a better positioning in the market, a better image before the stakeholders and greater value for the potential audience.

Nowadays, companies are also seen as transforming agents of society, so it is important that there is ethical management for all social and environmental issues on the rise in the world, it is necessary that issues involving working conditions, human rights, corruption and environmental pollution are based on ethical policies that assist in complying with the legislation in force in a locality and that overcome it, becoming an agent that acts with transparency in favor of improving the living conditions of society.

The internationalization of companies is another factor that requires an ethical and moral positioning established through legislation, culture and values ​​of a specific country where a multinational is established, since cultural differences can be related to ethical dilemmas whose managers must seek preventive actions so that differences and values ​​are respected and established through an ethical inclusion policy.