Mercenary - A Mirage of Success: A Case Study with Reference to International Arena

Sai Sachidhananda, S and Shetty, Khyati and Pallavi, D.R and Jyothilaxmi, * (2017) Mercenary - A Mirage of Success: A Case Study with Reference to International Arena. International Journal of Applied Business and Economic Research, 15. pp. 119-126. ISSN 0972-7302

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The global economy is growing at a strong pace and it is inclusive of both domestic and international consumers. Companies deals with international markets where the understanding of the responsibilities of all the stakeholders is a must. It should be kept in mind that ethical standards should be embedded in the organization’s DNA. The ever-growing international business demands higher standards of ethics and responsibility. Bio-piracy, fair trade movement, and many others fall within the purview of ethical issues in international business. Ethical behavior has historical roots which are different from one region to another. The complexity of international business has to be understood so as to follow ethical standards. The economic development, culture, law and political systems vary from country to country. Hence, when there is a situation to cross the border and build business relations with other countries, an ethical issue becomes a major hindrance due to the various factors which might be existing in that country. In order to improvise the ethical standards when entering into an international business relationship, a preamble to monitor the company’s policy is necessary. The history clearly signifies that a company which expects higher profit and major trade-offs, result in hurting innocent people or depicting a crooked picture of themselves to the country with which they enter into the contractual relationship with. Hence, it should be made sure that being the representative of the home country, domestic companies should stick on to ethical standards.

Item Type: Article
Uncontrolled Keywords: Global economy, Ethical standards, International business.
Subjects: Departments at MU > Commerce
Depositing User: MIM User
Date Deposited: 30 Oct 2017 06:06
Last Modified: 31 Oct 2017 06:19

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