Ethical Challenges in International Business
4.2 Recognize ethical challenges in international business.
Companies encounter ethical challenges in a range of international activities. Ethical challenges include corruption, bribery, unethical management practices, harmful global sourcing, illicit products and marketing, and intellectual property infringement. Let’s examine these challenges in more detail.
Corruption
Corruption is an extreme form of unethical behavior.13 Corruption is the practice of obtaining power, personal gain, or influence through illegitimate means and usually occurs at others’ expense. Why is corruption bad? Corruption influences our political, social, and economic environments. It diminishes trust in public institutions, ...
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