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Moral principles and values that govern the behavior of people, firms, and governments, regarding right and worng
Ethics
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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
Corruption
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Most common form of corruption
Bribery
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Small payments intended to expedite decisions and transactions, or gain favors
Grease payments
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The Pyramid of Ethical Behavior
- Tip is corporate social responsibility
- Middle is ethical behavior
- Base is complying with laws and regulations
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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
Intellectual Property
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Operating a business to meet or exceed the ethical, legal, commercial, and public expectations of customers, shareholders, employees, and communities.
Corporate Social Responsibility (CSR)
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Meeting humanity's needs without harming future generations
Sustainability
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Examples of Sustainable Practices
- Beneficial agricultural practices that do no harm
- Water conservation
- Air q
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