Comparison of business ethics in different countries.

Essay by yay12335University, Bachelor'sA+, January 2003

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Business Ethics compared in three countries: U.S.A., Hong Kong, and Russia.



3.Importance of issues

4.Advantages/disadvantages of the presence or lack of business ethics

5.Safety, ethics, welfare

6.Comparison of ethical business in several countries

7.Conclusion--Which country is the leader of business ethics

Three Main Issues:

1.What is the current knowledge and participation of each country of business ethics?

2.How do the countries use business ethics to their advantage?

3.What is the International Code of Ethics?

A Code of Ethics is a business or an organization's policy applicable to all its activities and relationships. It should identify principal responsibilities its stockholders, shareholders, employees and communities. Its main function is to provide guidance in cases of moral dilemmas. Many corporations have implemented codes of conduct that define unacceptable behavior and serve as a guideline for the practice of ethical conduct.

This is a step in the right direction, but it is not enough for an organization merely to have written codes of ethics. Many business organizations are also taking a more proactive position in the area of promoting the practice of ethical behavior. To reinforce the organization's values and standards, ethics training programs should be held on a regular basis rather than being a one-shot deal. Business ethics should be practiced in every country around the world. The United States, Hong Kong and Russia are several countries that will be mentioned that practice business ethics.

In The United States, business ethics is a topic that businesses are becoming more aware of. An article in USA Today Magazine in January 1998,states, "Companies are discovering the value of ethics". The discussion of ethics in the business world goes hand and hand with the term, profit. It was thought that the more...