Ethics in International Business
International business ethics challenges the corporate world to deal with questions of what to do in situations where ethical standards come into conflict as a result of the different cultural practices in the nation. Since, there is this dilemma that has progressively troubled the large multinational corporations, international business ethics has arisen to help address these adhesive subject matters. There are several international business ethics discussions on the question of how to act in the home country as opposed to the host country is at the central point of most international corporations. The argument in question is how companies should practice their business according
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India provide a hypothetically important area of research for international business in terms of the rapid development of their institutions and organizations. Their culture represent 80% of the world’s population. Since there are various rules of international business, including the nature of multinational corporation activities such as joint venture and technology transfer, mostly originate from the traditional global triad markets of Western Europe, the United States, and Japan (Rugman 2000 and Verbeke, 2003). The framework we can recommend, which divides the global environment based on the factors that effect and coerce the behavior of corporations in their approach to international business, take responsibility with a global economic triad that is divided as follows: Anglo-Saxon countries such as the United Kingdom and the United States, the non-Anglo-Saxon major economies of continental Europe and Japan, and the developing regions of the world, like India that is at the bottom-of the- pyramid economies (Hahn, 2008; Prahalad and Lieberthal, 1998). The concept of the International business systems approach to the triad system, is too distinct the projected tactic that rather than grouping countries and regions together as vis-à-vis. The traditional economic triad definition is alliances are made based on the business system or the type of capitalism that exists in target countries, regions, and societies.
Social Accountability International