The ethical decision about what to do in some international business situations is not always clear. Sometimes, a decision about ethics is not black or white, but is in the gray area . In this chapter, a description of a dilemma that requires discussion about international business ethics is presented. Most experts in international business ethics agree that an international code of ethical practice, and not a code based on each individual culture s unique norms and practices, is essential to global economic survival in the 21 st century. Experts have created a list of principles to guide international.
Companies start by integrating ethics into goal setting and hiring practices.
When promoting workers to higher levels within the company, ethical principles guide incentive programs. Implementation Ethical conduct is not just an idea, but requires the implementation of a plan of change in specific areas of work in the company. Some examples are efforts to modify personnel appraisal processes, promotion of improved environmental practices, and referrals to specialists, when needed. Internationalization Increased internationalization is necessary to all successful business in the 21 st century. Internationalization is achieved through the formation of international partnerships, trading blocs, and implementation of GATT and other free trade agreements.