Ethical Behavior in the Business World Essay

In the traffic world at that place is no specify for dishonesty, arrogance or greed. People have to be held accountable they atomic number 18 responsible for upholding ethical logical argument practices. The old adage Ignorance is no rationalise applies in business as well as personal lives. bodied Leaders and CEOs have to be held to a higher(prenominal) standard. Ethical behavior means to act in a air that is good and mutually beneficial for the individual and society (Mautner, 2005). This statement makes me wonderment who decides what is good and mutually beneficial for society and the individual in business practices.When you deal with planetary line relations it is good practice to bring the business culture of that country. For example Japan acts on the principle of Wa the ancient word for the concept of peace and harmony. It basically means fate and managers and employees work in a circle of harmony. It is important to understand International culture. In Mexico it is believed that if employees have a siesta midday production will increase. In our Western culture you would be fired if you had a siesta on the job.If a company does not take the time to study the culture and business practices of a country they can find themselves tied up in grease ones palms business transactions. Is it ethical to take part in bring down international business transactions? Legal? Explain. The answer to this question depends on the country. While it may be illegal to do this in the US, there may not be any laws enforced against this in other countries because of the different culture there that allows business corruption such as bribery as a daily business practice.Thus, ethically, this is wrong on a universal basis but it is also relative in terms of wrong or right or ethical or not depending on the country and the moral base that they are exploitation as ethics are based upon morals. Thus, in the US, it is not each legal or ethical to take part in corrup t international business transactions but it may be incumbent in order to compete in business in certain(a) parts of the world as that is the way that they do business. References Japanese Etiquette and ethics in Business / Edition 6 by Boye Lafayette De Mente International Business Law