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Global Business Companies' Ethical Behaviour: Universalism vs Relativism

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  • Silviya Dimitrova

    (University of Economics - Varna)

Abstract

In the context of globalization, managing an organization affects communities, citizens and customers, employees, and different civil society associations. It concerns awareness of choices which managers make and that affect people's lives. The article examines how to deal with such situations in terms of universalism and relativism in international management, with the accompanying benefits and criticisms of each one. It also presents conveying the impact of organizations' activities in the daily lives of diverse populations around the world is, whose interests or even existence may at great extent be absent from the organization's decision-making. Measures for fostering ethical behaviour are also presented, respectively at international, national, community and intra-company levels. At the finale, we also highlight the main concerns about "best" rules and their applicability.

Suggested Citation

  • Silviya Dimitrova, 2019. "Global Business Companies' Ethical Behaviour: Universalism vs Relativism," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, vol. 8(1), pages 191-201, April.
    • Handle: RePEc:vra:journl:v:8:y:2019:i:1:p:191-201
    DOI: 10.36997/IJUSV-ESS/2019.8.1.191
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    More about this item

    Keywords

    universalism; relativism; ethical behaviour; MNE;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F69 - International Economics - - Economic Impacts of Globalization - - - Other
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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