Abstract

The purpose of this research is to determine the significance of business ethics in international trade. International trade and business requires businessmen to respect and follow ethical codes of business, which is essential for the success of the business. The research highlights significant factors such as human rights, regulations, environmental concerns, corruption etc. as critical for international trade.

Table of Contents

Abstract1

Introduction3

Thesis Statement3

Aims and Objectives3

Discussion3

Corporate Social Responsibility4

Fundamentals of Organizational Communication5

Outline of Potential Ethical Dilemmas in Organizational Communication5

Dilemma of Uncertainty5

Dilemma of Harmful Actions5

Dilemma of Conflicting Values5

Corporate Governance6

International Companies and Violation of Ethical Principles6

International trade and Poor Nations6

Outsourcing7

Working in a Lawless Land7

Themes to Consider8

Conclusion8

Works Cited9

Business ethics in International Trade

Introduction

It is important to understand the concept of ethics. The term ethics means the general nature of morals and of the specific moral choices to be made by the individual in his relationship with others. Although Kehoe contend that the concept and definition of ethics are often vague because of the term's many nuances most definitions revolve around the determination of right and wrong, good and bad, just and unjust behaviour of humans (Kehoe, pp. 13). This determination of right and wrong is spread between many different decision situations and includes not only determination of personal behaviour but also standards of behaviour and judgement of the behaviour of others.

A businessman, who engages in international trade, needs to be trained for the development of management, direction and control of the company related to agencies, markets and national and international environments and International Trade. The training helps companies to internationalize, hold counseling, advocacy, develop business techniques, formulate and evaluate export and import of goods and services with strategic vision. Moreover, the businessman involved in international trade needs to have a thorough knowledge of social, economic and legal environment in which the business operates. It includes features of the cultures that make up the different economic blocs and opportunities to sell goods and services abroad and foreign investment because foreign products imported into the country need to comply by international standards (Gensler, Pp. 179).

Thesis Statement

Business ethics play a significant role in international trade.

Aims and Objectives

The aim and objective of this research is to determine the significance of business ethics in international trade, which businessmen need to recognize.

Discussion

Businessmen involved in international trade need to treat stockholders equally and with the same fairness and honesty as they would treat their shareholders. Most importantly, businessmen not only ensure that the code of ethics is implemented in every field of the company, but they enhance its development (Trevino, pp. 601). It is essential for businessmen to develop appropriate relations with employees in the foreign state. Businessmen treat them fairly and with dignity and they respect employee rights, liberty and ethical choices. In addition, businessmen need to have high regard for international customers and offer them safe and legal products with a reasonable price by not tricking them. Therefore, for a successful business, one area that should get top priority is ethics because it helps in facilitating the path for achieving organizational ...