Ethical business in the global economy

Essay from the year 2002 in the subject Business economics - General, grade: 70, University of East London (East London Business School - University of East London, London), course: Postgraduate Programmes - MBA International Management, language: English, abstract: There is so much talk about ethical versus unthical business practices in business environments in recent years than it has always been before the year 2002. A few of the reasons for these emphasis are: Globalization, fair-play and security. Ethics is not always defined the same in all cultures. For instance, a business practice that can easily be refered to and accepted as unthical in one particular culture, would not necessarily be accepted as unethical in another culture. Therefore, at what point in time can we collectively agree, that a particular business practice is unethical, and would it be possible to deploy uniformed (same) tools to combat unethical business practices accross cultures? This report discusses some implications and bottlenecks of ethical practices and concludes with some practical recommendations.