An analysis of ethical and unethical practices in business, with examples contrasting American values with values of business people in other countries.
Written in 2006; 4,917 words; 10 sources; MLA; $ 125.95
Paper Summary:
The paper begins with a review of basic ethical principles, between individuals and between governments and individuals. It contrasts the cultural differences in ethical behavior, using adultery as an example of unethical behavior in America that is accepted in other countries. The writer then gives examples of conflicts that a company identified as "Med Inc." had in international dealings. The writer analyzes the ethical conflicts shown in each situation. In conclusion, the writer shows that the ethical system used by American businesses does not correlate with the values of people in other countries.
From the Paper:
"One of the reasons this paper has focused on the differences between western and mid east or Asian culture is that there is a world of difference between western business ethics and those practiced by OPEC or most Asian countries.
"As a primary example I am going to tell you about the commercial dealings between a Fortune 500 American business let's call it Medic Inc. and its subsidiaries, dealers and customers from other cultures.
"The first law of American business ethics, and there is a law, is "You shall not bribe any a government, official, person or business in order to obtain preferred status with said customer." Business caught doing this not only is subject to a major fine, but criminal charges may be brought both on the individual doing the bribing and the board of directors of the company.
"In contrast, in Africa, Asia, except possibly Japan, and in the Mid East, 'Baksheesh' is not only not illegal, it is an expected practice. In order for a company to do business with certain governments or businesses a gift of either money or similar value must be made to those making the final decision about whether your company' bid will win or not. Lowest price doesn't really come into play here. It's not what you know, technologically, but whom you know that counts."
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