Professional Documents
Culture Documents
Technology Piracy
Corruption Stock Market Manipulation
Tax Cheating
Fraudulent Dealing
Guanxi
A common unethical act Gift-giving with done in secret and without external evidence as much as possible Objective is to buy something of the other party which should not be bought or paid bought personal connection
Objective is to strengthen
interpersonal relationships
Are bad practices the same as cultural Are bad practices the same as cultural values? values?
Answer: Bad practices should not be mistaken as cultural values. Cultural values are open and transparent even if not always accepted by other groups or communities. Bad practices are often conducted under-the-table or in secret due to the objectives that lay behind them.
On December 2, 1984 a
company in East Asia had a deadly methyl isocyanate gas stored in a tank and was furiously boiling that night when some chemicals entered the tank
For business to be ethical it is NOT ENOUGH to follow the law. Why not?
Requirements for all industries - Legal includes observance of the law - Ethical includes social and moral responsibility
For business to be ethical it is NOT ENOUGH to follow the law. Why not?
What is law?
Answer: Traditional definition: Law is the ordinance of reason promulgated by someone in authority for the common good. It is not a recommendation or suggestion. It is obligatory.
It is PERSUASIVE.
It is reasonable, supported with study, evaluation and logic. Thus, IGNORANCE OF THE LAW EXCUSES NO ONE.
It is COERCIVE.
It is imposed. One can get arrested, be fined or imprisoned. It is promulgated, broadcasted, disseminated, published and made known to everyone.
What is law?