About This Chapter
Ethics in International Business - Chapter Summary
This chapter wades through challenges involved in doing international business and how to do so ethically. Knowledgeable instructors review functions of management in international organizations and the affect of technology in job globalization, outsourcing, and insourcing. After studying the many topics covered in these mobile-friendly lessons, you should be able to:
- Provide an overview of ethical concerns in international business
- Detail restrictions and regulations governing international trade
- List characteristics of managers in global organizations
- Recall various benefits of outsourcing
- Explain how outsourcing and migrant workers affect the world economy
- Discuss trade restrictions and foreign labor
- Recount forces that affect trade in global markets
- Outline pros and cons of trade protectionism
You'll appreciate the fun teaching style employed by our instructors as they review various concepts related to ethics in international business. Use the short quizzes to see where your strengths and weaknesses in these topics lie, returning to any lesson you need to review if you choose. There's also a full written transcript for each video lesson that can be printed to study offline.
1. 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.
2. 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.
3. 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.
4. 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.
5. 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.
6. 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.
7. 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.
8. 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.
9. 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.
10. 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.
11. 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
- Understanding Ethical Business Leadership
- Foundational Ethical Theories for Business
- Social Responsibilities of a Business
- Government Regulation of Business
- The Relationship Between Employer & Employees
- Ethical Issues in the Workplace
- The Ethics of Labor Relations
- The Ethics of Advertising & Marketing
- The Ethics of Privacy in Business
- Corporations & Stakeholders
- Global Business & Environmental Ethics
- Business, Government & Society
- DSST Informational Resources
- DSST Business Ethics and Society Flashcards