Corporate ethics: Who cares?
Journal of the Academy of Marketing Science · 1977 · Volume 5 · Issue 3
Abstract
This article will focus on the ethical problems faced by America's multinational enterprises, especially on the issues created by the recent discovery and publication of the extent to which bribes and payoffs, “facilitating payments,” are part of doing business abroad. The author examines the ethical aspect of corporate corruption. A brief review of some of the more modern concepts of ethics will note the increasing rift between religion and the moral base of society in present thinking. The article points out some of the reasons for payoffs, cites specific examples of multinational graft, looks at the question of whether or not it is fair to impose U.S. business standards and ethics on other nations and states the other side of the issue: maybe there is nothing wrong with “facilitating payments” when they are part of a socially, legally, and politically accepted way of getting things done.
Keywords
Business Ethic, Payoff, Multinational Corporation, Business Leader, Corporate Ethic
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