International Management Ethica and Values Essay

International Management Ethica and Values - Essay ExampleEthics establishes have a bun in the oven certain characteristics since it involves learning the right and wrong. Most ethical decisions have multiple alternatives unlike the levelheaded decisions. ethical decisions also have mixed outcomes unlike profound decisions that have certain outlines for disobedience. The consequences of the ethical decisions are unsure unlike in legal decisions whereby the outcome of the legal decision making is known in advance. there are certain decisions that are both unethical but legal for instance betraying the trust of a friend is not outlaw(prenominal), but many people may consider it unethical. An example of decisions that are legal but unethical include a mental strainbroker recommending a buy option of a particular stock that he has adequate information that prices may likely go down in the future. Another legal but unethical decision is when a mechanic refuses to recommend install ing an expensive machine still though he is aware the overall costs of production will decline. Examples of ethical but illegal decisions include writing a post-dated cheque after the client or customer agrees for delivery in next paycheck in the bank.Conflict of interest occurs when the individual has vested private interests whether in employment or discharging professional services. The self interest should appear to influence the objective discharge of the duties. The interest may be personal interest or financial interest. Conflict of interest occurs when there is a convergence in the midst of individual relationships and his professional or official responsibilities to the organization. Some areas of date of interest include accepting bribery, victimisation the companys property for self purposes and utilizing the employers confidential information for private purposes. In managing the conflict of interests, organizations should establish a code of conduct and policy that guides all employees in the