International Business Presentation

1
Next gtgt
2
International business impacts daily life around
the world and also affects ethical decisions in
business.
3

• To describe settings in which international
  business affects people
• To list issues that affect ethics in
  international business

4
It is necessary to work in the global environment
in an ethical and legal way in order to sustain
effective global trade.
5
a set of moral principles by which people conduct
themselves personally, socially, or professionally
ethics
a set of ideas about how a company should conduct
business in relation to legal, social, and
environmental issues
businessethics
6
socialresponsibility
the duty to do what is best for society
a statement that explains what a company or group
believes is proper and improper conduct
code of ethics
7
the various individuals or groups of people who
have a direct interest, involvement, or
investment in something
stakeholders
8
The Impact of International Business
International
National
State or Provincial
International business affects countries on
several levels.
Local
9
Local Level

• People can buy products from firms around the
  world.
• Customers expect local businesses to keep up with
  local and international trends.
• Internet use makes the world of international
  business move faster.

10
State or Provincial Level

• State and provincial governments seek ways to
  sell regional products globally.
• Businesses located in one state look to build
  relationships with international companies and
  national governments.

11
National Level

• Highly developed countries seek to keep a balance
  between exporting their products and importing
  products.
• Countries with few natural resources or goods to
  export have trouble with economic stability.

12
International Level

• Taxes and tariffs can be imposed on a country
  that is gaining an unfair advantage by pricing
  its exported products too low.
• A recession in one country can affect the
  economies of other countries.

13
Ethics and Social Responsibility

• Ethics exist to serve as guidelines for behavior.

ethics a set of moral principles by which people
conduct themselves personally, socially, or
professionally
14
Ethics and Social Responsibility

• Business ethics have to do with doing the right
  thing in business.

business ethics a set of ideas about how a
company should conduct business in relation to
legal, social, and environmental issues
Business ethics include practicing business
legally, morally, and fairly.
15
Ethics and Social Responsibility
16
Social Responsibility

• To promote social responsibility, businesses can

social responsibility the duty to do what is best
for society

1. Eliminate negative activities.
2. Perform positive activities.

17
Social Responsibility

• A code of ethics might be created or sponsored by
  a company or profession.

code of ethics a statement that explains what a
company or group believes is proper and improper
conduct
18
Stakeholders

• Business organizations have many stakeholders.

stakeholders the various individuals or groups of
people who have a direct interest, involvement,
or investment in something
19
Stakeholders
labor unions
employees
owners
Stakeholdersin aBusiness
general public
stockholders
customers
governments
suppliers
20
Stakeholders

• Every ethical issue, from unfair wages to tax
  evasion, has a specific impact on a stakeholder
  group.

21
Factors Affecting Ethical Decisions

• Factors affecting ethical decisions include
• The culture and history of a country
• Union issues
• Government regulations

22
Factors Affecting Ethical Decisions
Recall Name three factors that affect ethical
decisions.
23
Consequences

• Some consequences of unethical decisions include

• Lawsuits
• Government intervention
• Jail
• Loss of business partners internationally
• Loss of customers

24
Factors Affecting Ethical Decisions
Relate Do you think it is fair for one country
to sell goods to buyers in other countries at
much lower prices if companies in the sellers
home country pay low wages to employees?
25
Local and Global Impacts

• Global business has expanded with the Internet,
  technology, and transportation.
• The growth of global business requires
  responsible action by businesses around the world.

26
1.2

1. How does international business affect ordinary
   people?

on the local level, through offering new goods
and services on the state or provincial level,
by representing local products internationally
on the national level, by impacting the nations
economy
27
1.2

1. What are ethics and social responsibility?

Ethics is a set of moral principles by which
people conduct themselves social responsibility
is the duty to do what is best for the good of
society.
28
1.2

1. What are stakeholders?

individuals or groups of people who have a direct
interest, involvement, or investment in something
29
(No Transcript)
30
End of