Introduction to Global Business
principles. There are four steps in making an ethical decision. First, all facts and situations are defined. Second, all individuals impacted by the circumstance are ascertained together with their rights and obligations. Third, alternative decisions and consequences are identified, and lastly, the right thing to do is determined and then implemented. Ethical business dealings necessitate mutual trust, fair transactions and honest communication. Corporate social responsibility (CSR) takes into account an organization's obligations to the society, incorporating the wellbeing of people and places impacted by its activities. Ethics can be taught through five key aspects and these include personal integrity,… Continue Reading...
