What are some common ethical dilemmas faced by global businesses?
An example of an AI chatbot conversation about ethical dilemmas in global business.
What are some common ethical dilemmas faced by global businesses?
Global businesses often face dilemmas like labor practices, environmental impact, and corruption.
Can you give an example of a company that faced an ethical dilemma?
Sure! Nike faced criticism for labor practices in factories overseas, raising questions about worker rights.
How do companies typically resolve these dilemmas?
Companies often implement ethical guidelines, engage in corporate social responsibility, and seek stakeholder input.
What role does culture play in these ethical dilemmas?
Culture significantly influences perceptions of ethics, leading to different standards and practices across regions.
Are there any frameworks to help businesses navigate these dilemmas?
Yes, frameworks like the Ethical Decision-Making Model and the Triple Bottom Line approach can guide businesses.
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