next >>. 2 international business impacts daily life around the world and also affects ethical...
TRANSCRIPT
![Page 1: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/1.jpg)
Next >>
![Page 2: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/2.jpg)
2
International business impacts daily life around the world and also affects ethical decisions in business.
![Page 3: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/3.jpg)
3
To describe settings in which international business affects people
To list issues that affect ethics in international business
![Page 4: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/4.jpg)
4
It is necessary to work in the global environment in an ethical and legal way in order to sustain effective global trade.
![Page 5: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/5.jpg)
5
ethicsa set of moral principles by which people conduct themselves personally, socially, or professionally
businessethics
a set of ideas about how a company should conduct business in relation to legal, social, and environmental issues
![Page 6: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/6.jpg)
6
socialresponsibility
the duty to do what is best for society
code of ethicsa statement that explains what a company or group believes is proper and improper conduct
![Page 7: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/7.jpg)
7
stakeholders
the various individuals or groups of people who have a direct interest, involvement, or investment in something
![Page 8: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/8.jpg)
8
The Impact of International Business
State or Provincial
Local
National
International
International business affects
countries on several levels.
![Page 9: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/9.jpg)
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.
![Page 10: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/10.jpg)
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.
![Page 11: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/11.jpg)
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.
![Page 12: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/12.jpg)
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.
![Page 13: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/13.jpg)
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
![Page 14: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/14.jpg)
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.
![Page 15: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/15.jpg)
15
Ethics and Social Responsibility
![Page 16: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/16.jpg)
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.
![Page 17: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/17.jpg)
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
![Page 18: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/18.jpg)
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
![Page 19: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/19.jpg)
19
Stakeholders
Stakeholdersin a
Business
employeeslabor unions
owners
stockholders
governmentssuppliers
customers
general public
![Page 20: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/20.jpg)
20
Stakeholders
Every ethical issue, from unfair wages to tax evasion, has a specific impact on a stakeholder group.
![Page 21: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/21.jpg)
21
Factors Affecting Ethical Decisions
Factors affecting ethical decisions include:
The culture and history of a country
Union issues
Government regulations
![Page 22: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/22.jpg)
22
Factors Affecting Ethical Decisions
Recall Name three factors that affect ethical decisions.
![Page 23: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/23.jpg)
23
Consequences
Some consequences of unethical decisions include:
Lawsuits
Government intervention
Jail
Loss of business partners internationally
Loss of customers
![Page 24: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/24.jpg)
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 seller’s home country pay low wages to employees?
![Page 25: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/25.jpg)
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.
![Page 26: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/26.jpg)
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 nation’s economy
![Page 27: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/27.jpg)
27
1.2
2. 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.
![Page 28: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/28.jpg)
28
1.2
3. What are stakeholders?
individuals or groups of people who have a direct interest, involvement, or investment in something
![Page 29: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/29.jpg)
29
![Page 30: Next >>. 2 International business impacts daily life around the world and also affects ethical decisions in business](https://reader030.vdocuments.site/reader030/viewer/2022032705/56649dd05503460f94ac5d0c/html5/thumbnails/30.jpg)
End of