The paper “ Toward a Model for International Business Ethics by Asgary and Mitschow” is an intriguing variant of the article on business. The main objective of this article is to analyze the business ethics topic and recommends a code of ethics for multinational companies. The authors examine the issue of international business ethics and also offer a future discussion framework. They analyze the unique challenges that surround the development of different sets of global business standards. As cited in the article, the main challenge is the competing ethical values of the host as well as home countries.
The article holds that although the majority of companies have implemented basic policies on employees’ sexual harassment, confidentiality, and integrity, only a few have formulated policies concerning child exploitation and bribery. Clearly, global business ethics have turned out to be a major issue for scores of multinational companies (MNCs). The article briefly analyses the context of global business ethics and suggests a code of ethics for companies seeking to globalize their operations. Citing a number of studies, the article indicates that some organizations have tried to formulate individual codes of ethics by utilizing codes of conduct, symposia, conferences, as well as international agreements.
Normally, such codes of ethics are country-specific and their focus is not on international policy. While firms are globalizing their business operations, the authors point out that it is imperative for these firms to have centralized standards that are acceptable internationally with outcomes that promote suitable business conduct. BodySummaryAsgary and Mitschow (2002) focus on the issues of international business ethics and offer a code of ethics for MNCs. According to the authors, the international business ethics concept is somehow new, but there is a need for further studies in this area.
The authors explore previous studies and established that they make contribute significantly to the area of international business ethics. The previous studies, as cited in the article, indicate that the current developments in the international business go beyond the national processes and structures, which were practiced in the past. Therefore, unethical practices such as human rights violations and exploitation of the employees continue to happen.
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