week 12 Flashcards
(20 cards)
may hinder progress by excessively curbing business practices with ethical requirements.
Restrictions
In addition, corporate practices are far from perfect in the world’s most advanced countries themselves
Restrictions
Some even claim that a focus on ethics is a thin disguise for protectionism.
Restrictions
ETHICAL POLITICAL AND LEGAL ISSUES
Corporate Governance and Responsibility
Intellectual Property
Bribery and Corruption
The relationships among stakeholders that determine and control the strategic direction and performance of an organization are called ____
CORPORATE GOVERNANCE
must be established to ensure that decisions are made and interests are represented properly for all stakeholders.
system of corporate governance
are often expected to fulfil certain obligations and exhibit conscientious behavior towards the societies in which they operate.
corporations
Such obligations often include environmental safety and efficiency, reasonable working conditions and wages, and concerns about layoffs, healthcare, and family care.
corporations
refers to a legal entitlement of exclusive rights to use an idea, piece of knowledge, or invention
Intellectual property (IP)
The subject of such legal claims must be a product of the mind—an intangible, but potentially profitable form of property.
Intellectual property (IP)
were usually territorial, meaning that the registration and enforcement of rights to certain knowledge had to be pursued separately in each country.
intellectual property laws
have become increasingly harmonized across nations.
intellectual property laws
was a significant step in this direction.
Trade-Related Aspects of Intellectual Property Rights (TRIPs)
it introduced intellectual property law into the international trade system for the first time; included were minimum standards for copyrights, appellations of geographic origin, industrial designs, trademarks, and even trade secrets.
Trade-Related Aspects of Intellectual Property Rights Adopted in 1994
are a way of life
payments or favors
is expected in return for government services
“greasing of the wheels”
In many countries, payments or favors are a way of life, and a “greasing of the wheels” is expected in return for government services.
BRIBERY AND CORRUPTION
The problem is one of ethics versus practical needs and, to some extent, of the amounts involved.
BRIBERY AND CORRUPTION
For example, it may be difficult to draw the line between providing a generous tip and paying a bribe in order to speed up a business transaction.
BRIBERY AND CORRUPTION
must carefully distinguish between reasonable ways of doing business internationally - including compliance with foreign expectations - and outright bribery and corruption.
international manager
