Abstract
It is evident that all businesses throughout the world are on a race to acquire increasingly, often through shortcuts. In acquiring more, they are doing things that are not acceptable to society. This brings about the need for business ethics. As a matter of fact, ethics occurs everywhere in every aspect of our lives as well as in our professional lives. In Business ethics, ethical principles and problems were examined or analysed. Many businesses now have to think about ethical issues when doing business in different cultures. This is because the global economy has made it easier for companies to sell their products and services to lots of different people around the world. By incorporating business ethics as part of strategic business decision-making, many companies have gained competitive advantage, goodwill and recognition in the global business community. They have attracted a good workforce and ensure a healthy working atmosphere. All of this has ultimately resulted in good profits and healthy competition in the business world. This paper looks at the effects of globalization on business and highlights some ethical concerns that have arisen as a result.
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https://doi.org/10.5897/jeif2021.1135
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