International business refers to a wide range of business activities carried out across national borders. The globalization of markets, which is an ongoing economic integration and interdependence of countries worldwide, coincides with the growth of international business. In this activity, you will have a chance to discuss your views on ethics in international business.
For this discussion activity, respond to the following prompts:
- Explain why one should be ethical when operating an international business.
- Although ethics is not the same as self-interest, can one always do well, by doing good? In other words, can one be successful in business (monetarily) solely by doing good (morally)?
- If a business’s ultimate objective is to make the world better, explain how this could be best achieved ethically.
In response to your colleagues, discuss why it is beneficial to study business ethics.