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    Effects of Culture and Ethical Standards

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    Describe ways culture affects ethical standards and business behavior.

    Details: Some individuals who are engaged in international business transactions have reported a cultural component to ethics. You are working on opening a branch of a food distribution operation in a foreign country, and a local official suggests that a little cash would help your company get started.

    Research international business and ethical standards, and answer the following questions:

    In what ways can culture affect ethical standards and shape business behavior?
    Is it ethical to take part in corrupt international business transactions? Legal? Explain.

    Cite any references.

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    Solution Preview

    Culture does affect ethical standards and shape business behavior. For example, in America unethical standards in a business cause one in four to witness it in the last six months (LRN, 2009). This is because the Western world is very individualistic in their thought processes, so they become competitive, and will hurt anyone in the process to get to the top.

    However, in Asian countries they allow families to prostitute to their children because of the inability to pay for them, yet
    This has become a profession. Many view this as unethical, yet not much has become changed as a result. These individuals who live in the Eastern hemisphere believe ...

    Solution Summary

    This solution entailed examples of how culture effects ethics, and international business transactions that can become illegal as well.