In the case of International business, companies interact with different cultures across different countries. So while taking decisions about business considerations, ethics and reputation play a major part. It is essential to have a corporate policy giving importance to ethical considerations important for such companies.
The primary consideration for international operations is the treatment with employees as it creates an environment of secure and safe atmosphere within a company. It is essential to calculate the wage of employees giving due considerations for emergencies that may occur in their life. Also the salaries and incentives should align with the standards in that specific locations as well. It is also worth implementing safety standards and practices even if the local companies does not provide it.
Environmental factors are also important for international business organizations and preventive measures should be made to control the carbon footprint on the environment. Even if there are many loopholes in the local environment regarding the environmental safety measures it is good practice implement safety and security measures periodically. waste material should be recycled safely and environment should be protected from harmful materials being exposed.
While designing and marketing products also care should be taken to protect the customer against harmful use. Unsafe use of the products must be checked and marketing for profit alone is not a good idea in a foreign environment. Companies following good ethical practice usually never promotes environment hazardous products.