International Business: The Importance of Ethics in Business Essay

world(prenominal) BusinessThe stemma world has always relied heavily on contractual agreements while conducting business. These contracts while written in ink, are set in stone. Once your business partner signs his/her name on the dotted describe the pact has been sealed and nothing else needs to be said. besides what happens when you father away the physical contractual element and everything is agreed upon through ones script? The world of business ethics is an old discipline in or so parts of the world, and in most courtings, is applied to the everyday business world. But in the case of China, the country of exaggerated numbers and inflated net profit margins, business ethics has yet to be fully assimilated into the Chinese business culture.Business ethics is a multi-faceted approach to honesty, integrity, and straight-forwardness in the corporate world. This idea however, is concerned with two main business ethics topics brought up by Dr. Rothlin in his book, Becom ing a Top Notch Player 18 hulks of internationalistic Business Ethics. We will be discussing rules 14 &15 in the following. discover 14 deals with securing your public story by having a commitment to flavour and excellence. Rule 15 deals mainly with corruption and its negative impacts on day-after-day business dealings. Although rules 14 &15 are both in the nation of business ethics, they are very different by nature and consequently we decided to give them each their own separate dent. The first section we will go over is rule 14, following that is rule 15.Rule 14 states, Your public relations strategy will only safe(p) your reputation if it witnesses your drive for quality and excellence. At first glance, this seems give care a rather straightforward, obvious principle ... ...middle of the two extremes that would be optimal. The GMC case study is a convincing argument that reliable services stool prestige. In cutting the offending companies from their list of contacts, GMC earned a reputation of honesty and loyalty. Such a reputation rewards a business with hereafter financial profits and commercial morality. With Enron in the rear-view mirror, companies need to learn that further looking like an ethical company is not enough. There must(prenominal) be physical proof of commercial morality. This can only be gained slowly, through many business decisions and years of dealings. As China continues its bob up towards modernization and commercialization, its companies rely on pure business ethics to institute a solid foundation for the future. If these ethical procedures are not practiced, the quick growing giant that is China could stall in the mud.