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Ethics in international business

Filed in archive Ethics by leon on May 01, 2007

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This year, we've seen Siemens being investigated for graft and corruption and Chiquita Brands getting fined $25 million slinging cash to paramilitaries in Colombia.

And we're only four months into 2007.

How does a business steerlinks an ethical course when expanding overseas? It's a question raised here by WP Carey professor Marianne Jennings.

She points to some of the warning signs, like fear and silence, pressure to maintain numbers, weak boards and a culture of conflict. The only way around the problem, she says, is to set very clear policies. Companies must also realize that when they enter a new country, their reputation starts at zero.

But what are the specific steps? I examine that issue when I discuss ways of avoiding integrity land mines.


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Permalink: Ethics in international business
Tags: Marianne  Jennings  ethics    international  business    Siemens  bribery  scandal  corporate  international+bu 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/66388



Related Entries:

Learning from mistakes - 22 September 2006

Ethics lesson from HP - 10 January 2007

Bribery International - 04 January 2007

Siemens scandal claims another scalp: chairman resigns, more... - 20 April 2007

Ethics danger signals - 29 November 2007

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