Business There Are a Number Essay

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S. International Industries could face a situation like this. The existing legislation does not require safety equipment in one country that is standard in most countries. The company then needs to decide on a choice between using the safety equipment anyway or squeezing that last $500,000 in profit out of the well.

Ethical dilemmas occur frequently in business. They arise out of the conflict between two reasonable but mutually exclusive objectives. In each of these situations, the laws act as the source of ethical guidance, but that is not always the case. The ethical standards of one region do not always apply in other regions. This can be seen in international business with bribery, nepotism and the cultivating of political influence. For International Investments, such issues are going to occur constantly, given the businesses in which the company operates.

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It will be necessary for the company to develop an ethical imperative in order for its managers and employees to successfully make sound decisions with respect to the ethical dilemmas that they face in the course of their business.

Lennon (2008) prescribes that companies find an ethical standard that can be applied consistently. Some of the options are utilitarianism, deontological ethics, the legal and moral standards of the home country or the legal and moral standards of the foreign country. For the cruise ships in particular, the decision as to which country's ethical standards needs to be determined -- the standards of the country in which the ship is registered, in which the majority of crew and passengers are from, or the nearest point of land. Whatever is decided, the ethical standard must be applied fairly and evenly......

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