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Ethical standards are greatly affected by cultural factors”. In the light of the statement, give some...

Ethical standards are greatly affected by cultural factors”. In the light of the statement, give some suggestions to develop standardized set of ethical standard for industry. Do you believe that it is impossible to develop a standardized set of ethical standards for improving industry, or do you feel that cultural differences make universal ethical standards impractical and/or impossible?

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No. It is not possible to make universal ethical standards. It is true that ethical standards are highly impacted by cultural factors. With the different cultures in the world it would be impractical to make universal ethical standards.Cultural differences makes it difficult to come up with a single set of ethical standards. For example, in China, it is disrespectful to look someone in the eyes while in the USA looking some one in the eye is a sign of respect and shows that one has nothing to hide. It would be challenging to choose one practice as universal because both China and the USA have different cultures.

Some of the suggestions to develop a standardized set of ethical standards include developing universal values such as integrity and honesty. Only values can become universal due to the cultural differences among differing people. Irrespective of culture, values such as honesty and integrity are important

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