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Why An International Code of Business Ethics Would Be Good for Business

Larry R. Smeltzer, Marianne M. Jennings

Journal of Business Ethics · 1998 · Volume 17 · Issue 1

DOI: 10.1023/A:1005779727123

Abstract

Many international business training programs present a viewpoint of cultural relativism that encourages business people to adapt to the host country's culture. This paper presents an argument that cultural relativism is not always appropriate for business ethics; rather, a code of conduct must be adapted which presents guidelines for core ethical business conduct across cultures. Both moral and economic evidence is provided to support the argument for a universal code of ethics. Also, four steps are presented that will help ensure that company ethical standards are followed internationally.

Keywords

Economic Growth, Training Program, Business Ethic, Host Country, Ethical Standard

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