2. Growth of International Business
World trade is growing rapidly
Availability of capital
Expansion of knowledge sector
Technological development
Globalization
Digital Sources
Outsourcing
Off shoring of production
Supply chain
Demand for foreign products
3. Ethical Issues in IB
1) Human rights violation
2) Racial and Sexual discrimination
3) Bribery and kickbacks
4) Selling of harmful products
5) Price discrimination
6) Dumping products
7) Child labour
8) Violation of IPR
9) Pollution of natural environment
4. Do’s and Don’ts in IB
DO’s
Respect and protect Human Rights
Follow the law of the land
Respect and obey Govt orders and codes of behaviour
Use peaceful process of settlement of disputes
Understand the business and its environment
Respect the religion of the country
Build interpersonal relationship with others
Maintain honesty, integrity and accountability
5. Don’ts
Don’t use dirty tricks for negotiations
Don’t be over rude or over smart
Don’t cross the cultural limit and taboos
Don’t pollute the environment
Don’t do any work that offends others
Don’t offer or accept kickbacks
Don’t discriminate price and the employees
Don’t produce harmful products
6. Ethical Decision making in IB
• Method of ethical relativism
• Imperialistic method
• Method of compromise
• Cosmopolitan global method
• Donaldson’s hyper norms method