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 hypernorms for the MNC's ethical standards.
D) utilizing ethical standards as significant 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. This does not necessarily mean placing ethics ahead of profits or focusing only on human rights, but rather incorporating ethical considerations in a way that aligns with the overall business strategy. Additionally, employing hypernorms alone may not be sufficient for addressing all ethical issues that may arise in a global business context.

The Ethics and Global Strategy Plan for Improving Global Business