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Contents Business Ethics compared in three countries USA Hong Kong and Russia 1Introduction 2Issues 3Importance of issues 4Advantagesdisadvantages of the presence or lack of business ethics 5Safety ethics welfare 6Comparison of ethical business in several countries 7Conclusion--Which country is the leader of business ethics Three Main Issues 1What is the current knowledge and participation of each country of business ethics 2How do the countries use business ethics to their advantage 3What is the International Code of Ethics A Code of Ethics is a business or an organizations policy applicable to all its activities and relationships It should identify principal responsibilities its stockholders shareholders employees and communities Its main function is to provide guidance in cases of moral dilemmas Many corporations have implemented codes of conduct that define unacceptable behavior and serve as a guideline for the practice of ethical conduct This is a step in the right direction but it is not enough for an organization merely to have written codes of ethics Many business organizations are also taking a more proactive position in the area of promoting the practice of ethical behavior To reinforce the organizations values and standards ethics training programs should be held on a regular basis rather than being a one-shot deal Business ethics should be practiced in every country around the world The United States Hong Kong and Russia are several countries that will be mentioned that practice business ethics In The United States business ethics is a topic that businesses are becoming more aware of An article in USA Today Magazine in January 1998states Companies are discovering the value of ethics The discussion of ethics in the business world goes hand and hand with the term profit It was thought that the more ethical a business
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