Managing ethically with global stakeholders: A present and future challenge

TLDR

Abstract

The article discusses aspects of managing ethically with global stakeholders. A firm's major stakeholders include consumers, employees, owners, the community government, competitors, and the natural environment. In the context of global ethics the community is the host nation in which the firm is doing business and the government represents all the separate sovereign nations that serve as hosts to investing multinational corporations. In terms of global ethics decision making the focus is on the extent to which the manager uses home-country ethical standards versus host-country ethical standards in shaping practice. The concept of corporate social responsibility appears to provide a framework for global business ethics.