Ethical behavior in global economic world

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Reference no: EM13174955

Let's consider the situation in which Wolfowitz has found himself. He went to the Board and disclosed the relationship and his plan to hire Riza, who was eminently qualified for the position. The Board did little to thwart his decision regarding the hiring. Nonetheless, do ethical guidelines require us to avoid even the appearance of impropriety? Sort of the "where there is smoke there is fire" analysis? Must we assure that our businesses and business leaders are both ethical and avoid even the appearance of unethical behavior? If yes, how do we draw standards from which we can determine the bounds of both ethical behavior and the appearance of improper behavior? As you are considering this, think about the number of cultural differences that exist across countries, which make it more difficult to set ethical boundaries. So, for example, some argue that the US is unethical in its failure to assure the availability of health care to all citizens and a relatively equal basis. Yet, our culture suggests, for many, that this is improper and that individuals must deal with their own health care needs and issues. How do we determine and draw boundaries for ethical behavior in a global economic world that has so many different views of what is or is not ethical?

Reference no: EM13174955

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