Ethical Issues in Business: A Comparative Study of International Companies

Abstract

By comparing and contrasting a number of MNCs, this research study explores the ethical dilemmas that arise from doing business on a global scale. Companies like Nestlé, Walmart, and BP encounter different cultural, legislative, and operational settings when making ethical decisions. This research examines these circumstances and how they impact decision-making. This article examines ethical lapses and CSR projects via the lens of case studies, providing insight into how businesses could handle such challenges in today's interconnected world. In the end, this research highlights how crucial ethical frameworks are for encouraging long-term company sustainability. By comparing and contrasting the ways in which organisations in various nations handle ethical concerns, this research aims to delve into the ethical challenges encountered by multinational corporations. Corporate social responsibility (CSR), labour practices, environmental effect, and corporate governance are some of the important ethical concerns that this article explores. This study delves at the ways in which distinct cultural, legal, and economic frameworks impact the ethical behaviours of multinational companies (MNCs) from various countries using case studies. Global economic forces, cultural standards, and regional legal systems all have a role in how ethical dilemmas are handled, according to the research. As the pace of globalisation increases and MNCs enter new markets, ethical considerations in business have taken front stage in the corporate sphere. Companies doing business on a global scale have unique ethical dilemmas due to the wide variety of legal, cultural, and regulatory frameworks in which they operate. Examining how cultural diversity, legal frameworks, and corporate governance affect ethical behaviour, it offers a comparative examination of MNCs' norms and practices. Ethical decision-making is complicated, and the research uses case studies from organisations like Nestlé, Enron, and Volkswagen to show how unethical activities may have repercussions. The paper's study highlights the importance of ethical leadership and greater corporate governance in promoting ethical business activity on a global scale.