Business Ethics in Globalization and Sustainability
Business ethics plays a crucial role in the context of globalization and sustainability. It involves distinguishing right from wrong in business practices and promoting integrity to gain trust from stakeholders. Understanding the importance of ethics in a globalized world and incorporating sustainable practices is essential for long-term success and positive impact.
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Libyan International Medical University Faculty of Business Administration BUSINESS ETHICS IN THE CONTEXT OF GLOBALIZATION AND SUSTAINABILITY Name : Ala Alshakmak Name : Ala Alshakmak ID Number : 3796 ID Number : 3796 Email :ala_3796@limu.edu.ly Email :ala_3796@limu.edu.ly 3/14/2025 1
Contents Contents Introduction What is business ethics importance Discuss business ethics in the context of globalization and sustainability Conclusion Reference 3/14/2025 2
Introduction Business ethics is the ability to distinguish right from wrong in a business setting regarding products and relationships with stakeholders It entails the study of business activities and moral decision making. 3/14/2025 3
What is business ethics importance Business ethics enhances the law by outlining acceptable behaviors beyond government control. Corporations establish business ethics to promote integrity among their employees and gain trust from key stakeholders, such as investors and consumers 3/14/2025 4
What is the importance of ethics in globalization? Ethics of globalization is complex notions of moral-ethical imperatives, the values and objectives that are in place based on human activities that lead to the preservation of life on our planet Earth and the development of mankind itself. 3/14/2025 5
What is business ethics and sustainability? Adopting ethical behavior's and seeking to ensure the implementation of environmentally sustainable practices makes good business sense. ]It can attract consumers, enhance consumer loyalty, engage and motivate employees and deliver shareholder value. It is good governance. 3/14/2025 6
Why is sustainability important in business ethics? Sustainable business practices will attract new customers and retain brand satisfaction by improving the customer experience and encouraging employees to be proud of their workplace. 3/14/2025 7
What is the relationship between globalization and sustainability? Due to the nature of globalization itself, everyone in the world is affected by it, even those who do not wish to be. As globalization changes the ways of life for people in every nation, care must be taken that the changes go in a sustainable direction. Every feature of society is affected by globalization. 3/14/2025 8
Conclusion . Business ethics are guidelines for business managers to take ethical decisions which impact positively on society and environment. With the help of globalization trade has increased and and so has the responsibilities to have fair practices when dealing with suppliers, customers and the employees of the firms. Sustainability is a business approach to creating long-term value by taking into consideration how a given organization operates in the ecological, social, and economic environments. 3/14/2025 9
Reference Crane, A., & Matten, D. (2007). Business ethics: Managing corporate citizenship and sustainability in the age of globalization. Oxford: Oxford University Press. DesJardins, J. R., & McCall, J. J. (2014). Contemporary issues in business ethics. New York: Cengage Learning. Giacalone, R. A., & Thompson, K. R. (2006). Business ethics and social responsibility education: Shifting the worldview. Academy of Management Learning & Education, 5(3), 266-277. 3/14/2025 10
Thank you! 3/14/2025 11
