The ethics and global strategy plan for improving global business ethics has as its central idea
A)placing ethics ahead of profits as the number one priority.
B)focusing on human rights rather than profits.
C)employing only hypernorrns for the MNC's ethical standards.
D)utilizing ethical standards as siguificant inputs into top-level strategy formulation and implementation.

Question

Quizplus · Accepted Answer

The central idea of the ethics and global strategy plan for improving global business ethics is to utilize ethical standards as significant inputs into top-level strategy formulation and implementation. Placing ethics ahead of profits or focusing only on human rights may not be practical or realistic for a business, and employing hypernorms may not be feasible. Instead, integrating ethics into the strategic decision-making process can help ensure that ethical considerations are given appropriate attention and weight in business operations.

The Ethics and Global Strategy Plan for Improving Global Business