About This Chapter
Ethics in International Business - Chapter Summary and Learning Objectives
Whether we like it or not, markets are becoming increasingly global, and with that comes all sorts of socioeconomic and political complexities. This chapter wades through all of the challenges involved in doing international business, and how to do so ethically.
Use the quizzes and end-of-chapter exam to see where your strengths and weaknesses in these topics lie, returning to any lesson you need to review if you choose. Still have questions? Ask our instructors (not available for Basic accounts). Among the many topics covered in these lessons you'll find the following:
- What the global market is, and how it's changing
- How outsourcing and foreign workers impact businesses and the global economy
- Trade agreements, treaties, international law, trade restrictions, and other political considerations
- Managerial roles within international corporations
- Social and cultural considerations in the global marketplace
- Navigating ethical issues like corruption and special interests
|Internationalization & Globalization of Businesses||Instructors outline the varying methods business use to enter global markets.|
|International Trade Organizations and Trade Agreements||This lesson provides a primer on trade agreements and organizations, including GATT, NAFTA, and WTO.|
|Ethical Issues in International Business||In this video, corruption, social interest groups, improving international business, and other basic global ethics concerns are discussed.|
|Political & Economic Systems in Global Business||Students learn about the economic and political systems controlling global commerce and how to address challenges they present.|
|International Trade Regulations and Restrictions||Here the basics of import and export regulations, and the organizations which enforce them, are described.|
|International Business Treaties||This video dives into the constitutional implications for international trade and outlines two types of treaties: multilateral and bilateral.|
|Regional Integration: Definition, Influence & Purpose||Barriers to commerce are removed in this video on using regional integration to overcome social, political, and economic challenges.|
|Managing in International Companies||Being a manager in an international organization takes special consideration: this video explains how to navigate those sociopolitical waters.|
|Managerial Functions in the International Organization||Instructors describe in greater detail the specific tasks and challenges managers in international companies face.|
|Characteristics of the International Manager in Global Organizations||Here the focus is on the managers themselves, specifically the character traits, work ethics, and organizational capabilities they will need to possess.|
|Hofstede's Cultural Dimensions Theory||Students get a run-down on Hofstede's national culture dimensions and how they impact global business.|
|What is Outsourcing? - Definition, Benefits & Quiz||This lesson focuses on key aspects of outsourcing, and when it can either hurt or help a multinational business.|
|Globalization, Outsourcing & Insourcing: Impact of Technology on Careers||Technological expansion--and how it impacts where a large corporation finds its employees and contractors--is the focus of this video.|
|The Effects of Outsourcing and Migrant Workers on the World Economy||A more in-depth lesson on how outsourcing hinders or benefits the organization and economy overall is presented here.|
|Trade Restrictions and Foreign Labor||Instructors delve into the intricacies of how some companies try to squash foreign labor through restricting trade.|
|The Changing Landscape of the Global Market||Learn about the potential risks and benefits of stepping into emerging global markets in this entertaining video.|
|The Global Marketplace: Definition, Lesson & Quiz||The ideal global market, one with ample standardization and trust, is defined in this lesson.|
|Global Society: Definition, Lesson & Quiz||As technology and trade make the world a smaller place, some things are lost while others are created, as this lesson argues.|
|Forces that Affect Trade in Global Markets||Instructors describe how to make it in the global marketplace--a complex place with unique challenges.|
|Advantages and Disadvantages of Trade Protectionism||Instructors outline the costs and benefits to commerce when countries try to protect trade by limiting imports.|
1. Internationalization & Globalization of Businesses
When companies decide to do international business, they have a wide variety of methods they can use to actually enter the market. This lesson will discuss those different methods and analyze how they work in an international context.
2. International Trade Organizations and Trade Agreements
International trade organizations and trade agreements have enormous power in the global trade environment. In this lesson, you will learn about the roles of the GATT, NAFTA, and the World Trade Organization.
3. Ethical Issues in International Business
Corporations that tackle the global market face many difficulties. In this lesson, we will examine the ethical issues in international business, such as corruption, pollution, and environmental challenges.
4. Political & Economic Systems in Global Business
Understanding the different political and economic systems in global business can be a difficult task. We will identify the major types of political and economic systems in which companies operate across the world and the special challenges posed by doing business in diverse settings.
5. International Trade Regulations & Restrictions
Importing and exporting are vital elements to a healthy U.S. economy. Businesses should be familiar with international laws regarding trade. This lesson defines imports and exports and discusses international trade regulations and restrictions.
6. Treaties Under Article II of the U.S. Constitution
Treaties are an important part of international law. A treaty is a legally binding agreement made between two or more government entities. This lesson explains the difference between bilateral and multilateral treaties.
7. Regional Integration: Definition, Influence & Purpose
Regional integration is when a group of countries get together and develop a formal agreement regarding how they will conduct trade with each other. There are many different levels of involvement, and in this lesson, we will review the types and how a manager should understand and match them to his or her company's international needs.
8. Managing in International Companies
Managing in international companies takes a special type of person. The reason for that is that not only do managers have to have an understanding of how to conduct business, but they also must deal with several other factors that are present in the international arena.
9. Managerial Functions in the International Organization
Every manager focuses on five different aspects of management. These aspects are common knowledge and when used together, they help to create an effective manager. This lesson will address those areas and integrate them into international business.
10. Characteristics of the International Manager in Global Organizations
Managers need to be able to plan, control, organize, and lead their companies and departments. When we look at international business, there are some additional aspects that come into play for a manager to be successful.
11. Hofstede's Cultural Dimensions Theory
Dimensions of culture are an important aspect of international business. Knowing how cultures view different aspects of business can help a manager navigate through the international business market.
12. What is Outsourcing? - Definition & Benefits
Outsourcing is a strategy that can benefit a company's bottom line. In this lesson, you'll learn what outsourcing is and some of its benefits as well as look at an example.
13. Globalization, Outsourcing & Insourcing: Impact of Technology on Careers
This lesson discusses the impact information technology has on careers. Globalization has been driven by advances in technology and has impacted job security and wages. We will specifically look at downsizing, insourcing and outsourcing.
14. The Effects of Outsourcing and Migrant Workers on the World Economy
In this lesson, we discover two labor trends of the 21st century: outsourcing and migrant labor. Both of these trends help keep producers' costs down, but their effects will likely be debated throughout the 21st century.
15. Trade Restrictions and Foreign Labor
Discover why trade restrictions are sometimes used to combat cheap foreign labor. Learn about outsourcing, job protection, and infant industry strategies.
16. The Changing Landscape of the Global Market
The global market is still developing, and a market that is developing is dynamic. The constant change offers opportunities and presents risks to countries and their domestic industries. In this lesson, you'll learn about some of these risks and opportunities.
17. The Global Marketplace: Definition & Overview
We have been on the fast track to a global market, but are we there yet? In this lesson, we will define global market and discuss some of its key concepts. A short quiz follows the lesson.
18. Global Society: Definition & Concept
Is our world international or global? Is there even a difference? In this lesson, we'll explore the concept of a global society and consider the evidence that could point to its arrival.
19. Forces that Affect Trade in Global Markets
The global marketplace is diverse. While diversity provides opportunity, it also provides challenges. In this lesson, you'll learn about the forces that affect trade in the global market. You'll also have a chance to take a short quiz after the lesson.
20. Advantages and Disadvantages of Trade Protectionism
Countries want to win the game of international trade by exporting more than they import. Some countries pursue trade protectionism to do this. In this lesson, you'll learn about the advantages and disadvantages of this strategy and related concepts.
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Other chapters within the DSST Business Ethics and Society: Study Guide & Test Prep course
- Ethics in Business
- Moral Philosophies & Business Ethics
- Social Responsibilities of a Business
- Government Regulation of Business
- The Relationship Between Employer & Employees
- The Ethics of Advertising, Marketing & Privacy
- Corporations & Stakeholders
- Global Business & Environmental Ethics
- Business, Government & Society