Economic Imperatives and Ethical Values in Global Business

Economic Imperatives and Ethical Values in Global Business

4.11 - 1251 ratings - Source

religious values at the office door. Apartheid was an evil, and business had great power in South Africa. Where there is power, there is also responsibil ity. I prayed about this long and hard. I pushed the companies as much as I thought I could. There were advances and there were setbacks, but finally we prevailed and the Blacks of South Africa secured their freedom. My effort in behalf of the Sullivan Principles was only one of a number of significant efforts of the anti-apartheid movement. All of those other efforts must be recognized, as well. The Sullivan Principles and the manner in which they were implemented in South Africa were in the nature of a grand experiment in the sociopolitical change and economic uplifting of the Black people of South Africa. What is even more important is that the Principles were driven by an ethical and moral imperative, and were voluntarily implemented by a group of enlight ened United States multinational corporations. No grand design or vision is ever perfect. We fall prey to human follies, limited understanding of the future, and necessary compromises to seek not what is perfect but what is possible. Thus, any such effort is subject to criticism from those who seek ideological purity and those who seek to minimize the impact of change from the status quo . .In 1977 Ford lost approximately eight million dollars in South Africa. ... the retooling required to produce the European-type vehicles marketed there, toward meeting local- content requirements, toward the performance of routine maintenanceanbsp;...

Title:Economic Imperatives and Ethical Values in Global Business
Author:S. Prakash Sethi, Oliver F. Williams
Publisher:Springer Science & Business Media - 2012-12-06


You Must CONTINUE and create a free account to access unlimited downloads & streaming