What ethical considerations are important when transacting international business? Give an example. How can cultural differences lead to ethical dilemmas?© BrainMass Inc. brainmass.com December 15, 2020, 4:55 pm ad1c9bdddf
International business pt. 2
What ethical considerations are important when transacting international business? Give an example. How can cultural differences lead to ethical dilemmas?
When transacting international business, a multinational corporation must bear in mind the differences in the culture of both countries transacting business with each other. The cultural biases, prejudices and differences can greatly affect the way the members from the two countries interact and communicate with each other. They would have different ethical standards depending on the ethical standards of the country where they come from. One example is the ethical issue of bribery in most Asian ...
The solution discusses the ethical considerations involved in international business and how cultural differences can lead to ethical dilemmas. References are included.