Define ethics. Why is it important in international management?
What will be an ideal response?
Ethics can be defined as the study of morality and standards of conduct. It is important in the study of international management because ethical behavior often varies from one country to another. Ethics is often the victim of subjectivity as it yields to the will of cultural relativism, or the belief that the ethical standard of a country is based on the culture that created it and that moral concepts lack universal application. The area of ethics has a lawful component and implies right and wrong in a legal sense. Unbiased ethical decision-making processes are imperative to modern international business practices. It is difficult to determine a universal ethical standard when the views and norms in one country can vary substantially from others.
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