Exporting Ethical Standards to Other Countries

Exporting Ethical Standards to Other Countries If 3 M does not like Russian practices, you should not do business there. Please explain your reasons. I do not agree with this statement. From my marketing point of view, the challenge for 3M is to globalize and that is the challenge they should take. Russia is prosperous in oil, gas, mining, construction, IT, retail and service industries. (Klumov, 2006). 3M should be aware that their company is a global leader in many business areas such as telecommunications and traffic control materials in the industrial and office markets (3M.com, 2008).

Ethics standards of each country are different. Companies that are internationalizing must comply with the rules and regulations of the country and comply with the rules of the Commercial Code. This is the place where ethical needs arise, and multinational companies need to decide whether to follow their own ethical standards or continue unethical competition with other domestic companies when continuing business activities. In order to make decisions the company should make, we should first understand the meaning of some of the terms discussed below.

Multinational companies should lower ethical standards for international competition. Its main reason is that because ethical standards are different for each foreign country, multinational companies do not lower ethical standards within the county, and these activities and standards are handled in an unethical way. This is the biggest disadvantage for multinational enterprises and can not compete domestically. As mentioned earlier, multinational enterprises grow internationally, grow, maintain and acquire profits, and maximize shareholder wealth. If it is based on foreign ethical standards, it will be able to achieve these goals. If that sticks to its own standard national ethics, then they will fail and disappear

Even with the best information, good faith managers must rethink their assumptions about foreign business practices. A company effective in the company's home country may fail in countries with different ethical behavior criteria. For businessmen working living abroad, this difficulty is inevitable. But how does the administrator solve the problem? What are the principles that can help them work in the labyrinth of cultural differences and develop codes of conduct for global ethical business practices? How are companies dealing with the most difficult problems in global business ethics: What happens when the host country's ethical standards are lower than their own?