M2D2 Assignment: International Business and Ethics

International Business and Ethics.
Name:
Instructor:
Institution:
Date:
International business, as its name suggests, comprises of the financial and other economic dealings between two or more regions or countries. The automobile industry is a good example of international business dealings, since cats manufactured in one country are usually exported to be used in another or other countries. It is very essential that the business practices practiced by an organization are well at pace with the basic principles of ethics .Fairness ,equitability as well as accountability are basic elements that help an organization carve out its image ,which in turn builds its reputation and contribute to the overall goal of the organization. Ethically grounded businesses and organizations are arguably more visible through their team, from the stakeholders to the employees.
There is always a very stiff competition in the automobile industry, with every company trying to grab a portion of the market share. The article How could VW be so dumb? Blame the unethical culture endemic in business by Queen Reeves captures the entire concept of international business and the ethical aspect of it. This article is very relevant to the issue at hand, since it addresses the Volkswagen Emissions Scandal and how this was an example of a bad precedent in business.
Volkswagen has been a leading manufacturer of most of the luxury cars in the world over the past many years. Trouble at the company started this year when it was found guilty of cheating in its engine testing system. This is how the system works; in the United States, the Clean Air Act ...