IB Ch 4

Moral principles and values that govern the behavior of people, firms, and governments, regarding right and worng

The abuse of power to achieve illegitimate personal gain and is a major/severe concern in the global activities of a large proportion of MNEs

Most common form of corruption

Small payments intended to expedite decisions and transactions, or gain favors

The Pyramid of Ethical Behavior

Refers to ideas or works created by individuals or firms and includes a variety of proprietary. They are the legal claim through which propriety assets are protected from unauthorized use by other parties, via trademarks, copyrights, and patients

Operating a business to meet or exceed the ethical, legal, commercial, and public expectations of customers, shareholders, employees, and communities.

Meeting humanity's needs without harming future generations

Examples of Sustainable Practices