The Importance of Business Ethics in Ireland

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The Importance of Business Ethics in Ireland

By | October 2010
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The Importance of Business Ethics in Ireland

Sonia Lorena Richards

Cross cultural Human Relations and Negotiations

April 27, 2010

Globalization has created opportunities for countries like Ireland to flourish. “Ireland is now classed as a high income economy by the World Bank on the basis of gross national income (Chhokar 365).” The importance of business ethics is fairly new in Ireland. Explanations for this might be sought in the country’s colonial history and late economic development, its size, the homogeneity of Irish society, and religion (Keating 9). These things need to be considered while doing business in Ireland. There are many opportunities for other countries to do business with Ireland because it is dependent on trade (Chhokar 365). The United States and Ireland’s business ethics are very similar, but do have some differences. The culture of each country determines how business ethics are understood. Due to past corporate and political scandals in the 1990s, Irish corporations emphasize the importance of ethical standards in the place of business (Keating 9). Irish ethical standards start with leadership and its components, as well as the attitudes towards ethics in business.

It wasn’t until the 1990s that people realized the importance of business ethics because it caused them a great of social and economic costs.

“The spate of unethical practices which unfolded in Irish businesses in the summer of 1991 aroused widespread public criticism and anger with senior government and business people. I firmly believe that the revelations and investigations into these events will have restraining effects (Regional Manager, Utility) (Alderson 434).”

While the rest of the world for some years has been addressing issues such as business ethics, Ireland for the most part was focused on its own economic and political problems (Wiley 135). Since the events occurred in the 1990s, Irish attitudes towards business ethics had to...
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