7.3  National differences in business ethics 

Key Takeaways

1. A company can choose to adapt its businessethics for each country in which it does business.

2. It should be remembered that the behaviorof a company and its employees will be judged by the ethical standards of itshome country.

3. Two approaches can be taken when doingbusiness in foreign countries. A business can operate internationally with thesame policies and procedures it developed at home, or it can adapt its ownpractices to the norms of each country in which it operates.

  A company's business ethics should be codified in policies that cover a wide range of practices and pitfalls regarding corporate governance, insider trading, bribery, discrimination, social responsibility, and fiduciary responsibilities. But business ethics are not universally the same. As a business expands internationally, it may come across standards that are different from its own, for better or for worse.

阅读材料：Cultural Values and International Differences in Business Ethics

课件分享: NationalDifferences in Business Ethics and Social Responsibility

课后思考：FOOD FOR THOUGHT

1. Why do some unethical practices happen more in some regions in the world than in other places?

2. What is the management implication of this issue?