Ethics is a system of moral principles which deals with what is good for individuals and society at large. Ethics is important in international management because it ensures that the moral philosophy of organizations is maintained. It also informs the management and stakeholders on how best to direct the organization to realize its goals. Ethics is important in international management as it helps different businesses and stakeholders all over the world to operate in manner that not only meets the firm’s interests but also the needs of the society and its employees.
According to Jackson (2011), ethics is essential because it ensures that the basic human needs are satisfied; facilitates the creation of credibility and the improvement of the decision-making process and protection the interests of the society. Generally, under international management, it is primarily the individual, consumer, employee, or the human social unit which benefits from ethics (Jackson, 2011). In the modern international business, an unbiased, ethical decision-making process should be imperative. Ethics plays a huge role in ensuring cultural relativism or upholding a particular culture's beliefs and moral concepts under international management.
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Ethics in international management ensures that businesses adhere to rules set in the countries they operate in. Stakeholders and managers of MNC's will perform tasks in accordance with the principles set by the countries they operate in, regardless of their headquarters location (Luthan & Doh, 2018). This prevents some ill-practices that other companies may engage in to take advantage of the differences in the norms and standards of a country to gain leverage over its competitors. An understanding of ethical perspectives can be useful to managers when it comes to making their own ethical decisions regarding the international business environment.
Ethics in international management can also help in the prevention of dilemmas, which are most evident in employment and business practices. It ensures firms uphold human rights and mitigates corruption in the workplace and organization (Luthan & Doh, 2018). It helps in upholding the acceptable practices within a region without conflicts. In most cases, conflicts arise between a country's ethical standards and business ethics, or rather the moral codes that should guide international business activities and practices (Soproni, 2009). Employing ethics under such circumstances would ensure cultural relativism among managers and their businesses, which in turn results in acceptable practices within the society.
Ethics is vital to international management. It ensures businesses and stakeholders operate in manner that meets the employees, society and firm’ interests. Employing ethics under international management ensures cultural relativism among managers and their businesses. This in turn results in acceptable practices within the society hence maintaining moral philosophy. This ensures peaceful coexistence of cultures and regulations among different stakeholders globally .
References
Jackson, T. (2011). International management ethics: A critical, cross-cultural perspective . Cambridge University Press.
Luthans, F., & Doh, J. P. (2018). International management: Culture, strategy, and behavior . McGraw-Hill Education.
Soproni, L. (2009). Ethics in international business. Analele Universităţii din Oradea. Relaţii Internationale şi Studii Europene (RISE), (1), 126-139 .
