ETHIC AND INTERNATIONAL RELATIONS
ETHIC AND INTERNATIONAL RELATIONS

Summary/Abstract: Ethics in business deals with: “defining the essence of a satisfying human life”. In other words, the aim of ethics in business is to analyze and criticize the business practices and to advice businesspersons about how to fundament their options and take the right decisions. Ethics is a much more general term than social responsibility, as it covers both internal and external relations in an organization. The business behaviour of entrepreneurs, of every business partner and top manager must be based on the following values: honesty, integrity, trust, loyalty, fairness, concern for others, respect for the law, dedication to excellence, search for positions of leadership, responsibility. The main principles of organizational ethics are decisive when it comes to the relations with beneficiaries, shareholders, employees, suppliers, the competition and the international business community. Such principles are: responsibility for one’s own business; leading the economic and social impact of business towards innovation, justice and towards a world community; having a business behaviour which involves respect for rules and regulations support for multilateral trade and respect for the environment.

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