Description of Business Ethics free essay sample

Suppliers in developing countries face regulation from MNCs through supply chain management. Small scale indigenous competitors exposed to powerful global players. Global business activities brings the company in direct interaction to local communities with possibility for erosion of traditional community life; globally active pressure groups emerge with aim to â€Å"policeâ€Å" the corporation in countries where governments are weak and tolerant. Globalization weakens governments and increases the corporate responsibility for jobs, welfare, maintenance of ethical standards, etc. Globalization also confronts governments with corporations from different cultural expectations about issues such as bribery, corruption, taxation, and philanthropy. Consumers Suppliers and Competitors Civil society (pressure groups, NGOs, local communities) Government and regulation  © Oxford University Press, 2007. All rights reserved. 2 Higher Education Sustainability: a key goal for business ethics?  © Oxford University Press, 2007. All rights reserved. 2 Higher Education Corporate commitments to sustainability Company BP Sustainability Statement Source â€Å"For BP, ‘sustainability’ means the capacity to endure as a group: by Sustainability renewing assets; creating and delivering better products and services that Report, 2005 meet the evolving needs of society; attracting successive generations of employees; contributing to a sustainable environment; and retaining the trust and support of our customers, shareholders and the communities in which we operate. We will write a custom essay sample on Description of Business Ethics or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page † â€Å"The ICI Board is committed to the principles of sustainable development Sustainability †¦ Why?