• Describe what happened.
• What made you think the experience involved ethnocentrism?
IV. Considering Culture and Ethical Business Practices (3-4, PPT Slides 35–41, DISC:
Global ethics; Ethics and morals; Codes)
a. When you do business around the world, whose values, culture, and,
ultimately, laws do you follow?
b. Most global companies have ethical codes of conduct, which should guide an
employee’s ethical behavior in other cultures.
i. Ethics considerations include business gifts, bribery, child-labor
abuse, and environmental mistreatment.
c. Transparency International, a Berlin-based watchdog group, compiles an
annual ranking of perceived public sector corruption in 180 countries.
(Figure 3.8)
d. The United States is not at the top on the index of least corrupt countries,
but it has taken the global lead in fighting corruption.
i. The 1977 Foreign Corrupt Practices Act (FCPA) prohibits payments to
foreign officials for the purpose of obtaining or retaining business,
but only applies to U.S. companies.
e. Estimates show bribery costs the world $1.5 to $2 trillion annually.
f. Defining ethical behavior across boundaries is challenging, and cultural filters