Donaldson

In: Business and Management

Submitted By nazi123
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1. Finding ethical standards when doing International Business is tremendously tough since each country has it’s own form of ethics. For example, According to Donaldson, the people in Indonesia tolerate bribery from their public officials, yet in Denmark or Singapore this isn’t acceptable (p. 48). So when doing business internationally it’s difficult to not only understand others’ ethics but to cooperate with them. Usually when one is raised with specific morals and ethics it’s very difficult to adjust to something different. Especially if it’s something you don’t agree with, or believe in. 2. Donaldson recommends two core human values that outline basic moral values that will work in any workplace, “The right to good health and the right to economic advancement and an improved standard of living.” (p. 52). Another core value that is mentioned is the Golden Rule “not to do to others what they do not want done to themselves.” (p. 52). Finding core values that fulfill each country’s ethics is impossible but finding a balance is probable. Looking at both Western, and non-Western cultures and traditions, Donaldson states the similarities of the two “about what it means to be human”; first, everyone needs to be treated with respect as a human being. Second, all basic rights should be respected. Lastly, a community should support an institution that the community depends on (p. 53). 3. When a company decides on ethical standards they cannot be used against them, no matter where in the world they are doing business. Donaldson states “first, treat corporate values and formal standards of conduct as absolutes. Second, Design and implement conditions of engagement for suppliers and customers. Third, allow foreign business units to help formulate ethical standards and interpret ethical issues. Fourth, in host countries, support efforts to decrease…...

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