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The Influence of Organizational Culture over the Ethical Principles in International Businesses

Author

Listed:
  • Cezar Militaru

    () (Dimitrie Cantemir Christian University)

  • Adriana Zanfir

    () (Dimitrie Cantemir Christian University)

Abstract

One of the most recent tendencies of modern management is that of looking at a company’s activity from the business point of view. The business culture is a very complex element reflected by the company’s organizational culture and by its components, such as the ethical approach in business, carrying the corporate social responsibility, maintaining the etiquette in business or following the good manners guide in international affairs. The necessity of adapting to the peculiarities and the changes of the international business environment has determined the detailed study of those elements which form the organizational culture and has also highlighted the importance of ethics in business. Currently, respecting the ethical principles represents one of the major issues of international companies’ managers. The modern ethical perspective in business underlines the issue of building a new organizational culture oriented towards following the ethical rules or satisfying the society’s necessities; it is not very interested in gaining immediate financial benefits. The result of the interdependency of organizational culture, social responsibility and ethical behavior in business would turn into a long term competitive advantage for companies. Therefore, this paper has as main goal the analysis of the relationship between organizational culture and business ethics in order to identify the key elements of successful businesses.

Suggested Citation

  • Cezar Militaru & Adriana Zanfir, 2012. "The Influence of Organizational Culture over the Ethical Principles in International Businesses," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 2(Special 1), pages 26-33, May.
  • Handle: RePEc:hur:ijaraf:v:2:y:2012:i:1special:p:26-33
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    References listed on IDEAS

    as
    1. Ibanez, Fernan, 1989. "Venture capital and entrepreneurial development," Policy Research Working Paper Series 53, The World Bank.
    2. Judit Karsai, 2009. ""The End of the Golden Age" - The Developments of the Venture Capital and Private Equity Industry in Central and Eastern Europe," IEHAS Discussion Papers 0901, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences.
    3. Judit Karsai, 2013. "Venture capital and private equity industry in Hungary," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 63(1), pages 23-42, March.
    4. Kenney, Martin, 2000. "Note on "Venture Capital"," UCAIS Berkeley Roundtable on the International Economy, Working Paper Series qt44z1z1mc, UCAIS Berkeley Roundtable on the International Economy, UC Berkeley.
    5. Caselli, Stefano, 2009. "Private Equity and Venture Capital in Europe," Elsevier Monographs, Elsevier, edition 1, number 9780123750266.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    International organizations; business culture; organizational culture; business ethics; ethical principles; ethical behavior in business;

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General

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