Ethics
A shared system of beliefs,
values, customs, and behaviors
that shape a group’s identity.
Culture
Principles that define what is
morally right or wrong in
individual and professional
behavior.
Ethics
Ethics is shaped by cultural values.
Ethics and Culture
Philosophical positions concerned with
differences in moral judgments across
cultures, suggesting that no single truth
defines ethical or moral behavior
Moral Relativism
Belief that one's own culture is
superior to others.
Ethnocentrism
Preference for another culture over
one's own.
Xenocentrism
The idea that a person's beliefs and
practices should be understood
based on their own culture
Cultural Relativism
Rules that govern societal
behavior
Norms
Determining appropriate labor
standards when host nation conditions
differ from those in the multinational's
home country.
Employment Practices
Addressing disparities in basic human rights,
such as freedom of association and speech,
which may not exist in some countries.
Human Rights
Dealing with practices like bribery,
which are prohibited under laws such
as the U.S. Foreign Corrupt Practices
Act.
Corruption
Addressing disparities in basic human rights,
such as freedom of association and speech,
which may not exist in some countries.
Moral Obligation of Multinational Companies