Business Ethics in the Global Community

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Notions of right and wrong, fair and unfair, moral and immoral, ethical and unethical are present in all societies, organizations, and individuals. Some concepts of what is right and what is wrong are universal and transcend most all cultures. There are important instances in which what is deemed fair or unfair, what constitutes proper regard for human rights and what is considered ethical or unethical in business situations varies from one society or country to another. Hence, there are occasions when it is relative whether certain actions or behaviors are right or wrong.

CORE CONCEPT: The school of ethical universalism holds that human nature is the same everywhere and thus that ethical rules are cross-culture; the school of ethical relativism holds that different societal cultures and customs give rise to divergent values and ethical principles of right and wrong.

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