Business ethics, also known as the corporate ethics can be defined as the applied integrities or professional principles that are observes ethical ideologies and molarities as well as ethical problems that arise within the business environment. Worth noting is the fact that they applies to all aspects of business conduct and they are relevant to the conduct of not only the individuals, but also the entire organization as well as the countries doing business together (Glick, 2008). While government applies laws and regulations to indicate business comportment in the areas they recognize beneficial to them, the ethics indirectly standardizes ...
Business Ethics College Essays Samples For Students
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The application of moral philosophy to business is not a simple task to do. Most especially in the global market wherein concepts about right or wrong differ from many things and with different cultural views. The expansion of moral philosophy in the business world is the business ethics. Perceptions of right or wrong are common to any organization. The company has the ultimate responsibility for every action of the employees and business owners can utilize the organizational culture that focuses on the employees’ moral obligation in dealings with others in the company. The fact that employees represent the company ...
In his book “Ethical Issues in Business: A philosophical Approach” Thomas Donaldson et al, offers an incisive and searing diagnosis of various ethical theories in real-life business practices. The writer provides numerous sample readings and case studies to invoke the readers moral reasoning in dealing with the varied ethical challenges faced in the organization. As observed in his story collection, he manages to offer the best ethical books of its own time.
Business Ethics Sense, (Sen p. 256-263)
In this section, Amartya Sen provides an elaborate sense on the importance of business ethics in the production and distribution in an organization. Sen critically analyzes the ...
Business Ethics
Abstract
Modern day economy and economical market are not easy to survive in. Corporations and monopolists absorb small companies and there is no ethics involved. Ethics takes place in business communication, when it is important to get a contract signed or deal made. Other than that it is hardly common or considered as necessary. One will not be able to succeed unless he accepts it as due and undertakes actions that are right for his business. Today competitive market makes you cross the line of law and overstep the bounds of decency. Ethics, in terms of morality and social ...
BUSINESS ETHICS – Reflective Journal
- Reflection
Any business, small or big, running at any level, I believe is realized by the people working for it and by the people that it is being done for i.e. the customers as well as the business persons. How much ever mechanized or technically advanced the systems of the business may be, but at the core management and execution of the work, it is shaped up by the people involved. This demands the deep understanding of the social structure that we are living in, today, and then, developing the basic moral values of the society into prescribed ...
Business Ethics
The term ethics refers to acceptable standards of behaviour which governe what is right or wrong. Business ethics is a critical and indispensible component of the business. The ethics provide guidelines to managers on what is wrong or right and also enables them to make sound decision in business.
Question 1
Actually, there is no doubt that doing what is right in business can lead to well being of that business. It is therefore prudent that companies embrace ethical behaviour in their pursuit of day to day activities. This is because; companies that embrace ethical behaviour in their day to day ...
ABSTRACT
As engines of wealth creation, businesses have long been viewed as entities that must operate free of ethical standards of social responsibility. Many, including economist Milton Friedman, have contended that the well-being of America’s corporate/financial edifice depends on unfettered corporate interests, manned by employees whose only requirement is that they must obey the letter of the law. However, events of recent years, during which corporate and financial malfeasance has contributed to the nation’s current economic malaise, have reopened the debate over the role of business ethics. More contemporary observers have argued that ...
Business Ethics vs. Game Model
Business ethics also referred to as corporate ethics, relates to a class of applied as well as professional ethics. Ideally, the rationale behind the establishment of business ethics is the necessity for examining ethical morals, principles and problems that arise from time to time in the business world. In light of the above, business ethics applies to every aspect of the business as long as it is related to the conduct of the entire organization or the individuals in the organization. With the extremely globalized business environment, the necessity to understand the various aspects of business ethics most important ...
Business Ethics
Introduction
Business ethics is the study of the required business practices and policies concerning controversial issues that are of key importance such as insider trading, discrimination, bribery, fiduciary responsibilities and corporate social responsibilities. The ethics of a business are usually governed by the laws while they can also provide a framework that the business may choose to follow so that they can obtain public attention (Ferrell, Fraedrich, Ferrell, 2010, p. 143).
The business ethics are usually implemented to ensure that some specific level of the required trusts exists between who participates in the market for the business product or ...
Defending: Ethical businesses have a greater probability of being more profitable than unethical ones?
Introduction
Arguably, the issues of ethics in business have become one of the debatable factors that influence the running of business in the globe. As a matter of fact, many scholars assert that ethical businesses have a tremendous possibility of being more profitable than ethical ones. On the same note, refute this statement claiming that ethics does not influence the profitability of business. Ethical businesses go beyond serving the customer in an ethical manner, it entails conducting various activities in the business according to stated ethical standards. Ethical business conduct themselves ethically by encouraging all the responsible stakeholders to ...
Business Ethics
INTRODUCTION:
Ethics is defined as the set of characteristics, patterns of doings and right or wrong conducts possessed by a human being. Ethics can easily be influenced by human behaviours and attitudes and can have an impact on the surroundings, and the places where the person belongs. It can be a workplace, home, school, institutes or any other place (Ferrell, Fraedrich, & Ferrell, 2011).
Ethics is an essential concept that shapes the human personality, culture, values, mind-sets and one’s perceptions. These traits directly influence the corporate culture in the long term and affect the well-being of an organization. When ...
In every society, people do advocate for ethical practices in any kind of activity. This is mainly because the ethics lead to the development of a form of trust between the involved parties. Ethics do apply in business as well. However, as investors seek to improve their profits, they at times fail to consider ethics more carefully. The essay below looks at this issue in a greater detail.
Business Ethics
Introduction
It is well known that the main reason as to why people engage in business activities is so as to make profits. However, many people do not seem to agree ...
Reflecting back on my 1st log entry, my original preconception of business ethics is not so much different to the meaning of business ethics as used by organisations. I have come to realise that business ethics is the decisive, planned assessment of how people should behave in the business world which in all fairness is the same as how I thought ethics was, that is, doing good to others making sure that I do not hurt them. This same principle is consistent with that of the principle of philosophy and ethics which greatly intrigue me. As a business science ...
Introduction
To illustrate the various aspects of business ethics and religious perspectives, a study was carried out in a CPA firm. This company is owned by Myron D. Solomon who is a CPA and he was interviewed for purposes of this study. This is a small firm located along Dundee Road, Buffalo Grove, Illinois. His firm provides accounting services for small and medium sized companies. It is estimated that his business revenue is less than $ 500,000 annually. Myron D Solomon does not employ full time employees. He shares office space and employ with two other ...
Executive summary.
The article discusses the most efficient ways to enhance ethics in cooperates within the United States of America. Good business are built and sustained by the reputation they have to the outsiders who include the shareholders, bondholders, the government, credit suppliers and the clients. The reputation the company has to the insider who include the employees both at the lowest, middle and top calibers .the article have discussed the causes of collapsing of the business ethics and what can be done to remedy this situation.
Introduction.
Today the world is being regarded as a global village and from this claim ...
Introduction
Bribery and corruption are a current primary public concern in most of the countries. It is partly attributable to the corruption press coverage regarding the public officials. Most OECD countries have enacted the legislation that prohibits bribery in the foreign public official level. Mainstream economists are also on the rise of focusing on the bribery factor in the business sector. They recognize bribery as a primary impediment for economic development and a subject that is worth policy redress and academic scrutiny. Both the International Monetary Fund and the known World Bank have established high profile commitments that aims at ...
Julie ThérondManagerial Decision MakingSebastian Krook17 October 2014
How can Ethical Decision Making be Achieved
Ethical decisions play very significant role in success of any business. Managers who make ethical decisions may not appear making huge financial gains instantly but these decisions ensure long-standing success of companies. Managers make a positive image and reputation of a company through taking ethical decisions. Managers ensure a huge and loyal customer base by taking ethical standards which ultimately garners monetary gains. Such gains sustain for a long time and managers, through skills of taking ethical decisions, benefit their organizations in several ways.Ethical decision making impacts all stakeholders directly or ...
Corporate Employee Citizenship
Introduction
In the day-to-day activities of the business, it interacts with various categories of people. It is operated by employees who form the human resource of the company, customers and suppliers. The business has to understand how to handle the interactions to keep the relationship beneficial. On this note, the business must engage in good corporate citizenship and ethics in its workplace. The workplace is usually full of activities and interaction where clients engage the business employees in their quest for services offered by the business. This paper analyzes corporate citizenship and ethics in a business setting. It covers ...
Ethics can be defined as behaving in a morally just way as one moves throughout their life and activities. Ethics and morality are closely related - one acts based on a set of principles that dictates how the world and the people in it should work. In the realm of business, having proper business ethics often means putting other concerns ahead of just seeking profit - basically, there are concerns besides economic that have to be remembered to be an ethically responsible company. By behaving ethically, a business can hopefully earn profit while making sure that the ends do ...
Introduction
Public perceptions are more important than anything else now. It is for this reason that successful corporate world do not have concern with only their profits but they have to take part in various social activities also. Global organizations have to meet up with the international standards of business ethics as well. The corporate social responsibility thought first came in to being in 1960s and now it aims at serving and taking care of the environment, communities, workforce, and governance. An organization with a CSR label is believed to behave ethically. However, there is a little difference in the ...
Introduction
FedEx Corporation is a Delaware corporation, incorporated October 2, 1997. The company was originally called FDX Corporation and in 1998, the company acquired Caliber Systems Inc. With this acquisition, the company who was still using the name FDX began offering services that included express shipping, small-package ground service delivery, expedited shipping services, a less-than-truckload freight service in the Western areas of the US, transportation services in the Caribbean and logistics and technology solution. In the year 2000, FDX officially changed its name to FedEx Corporation. Also in the same year, FedEx purchased Tower Group International, which was a provider ...
Introduction
The main goals for every business, firm or company is to increase profit. Human resource, the staff working for the organization is a very crucial resource, which needs to be guarded, respected and given first priority. They are the people who can either make the company to stand and be profitable or fail depending on whether they are motivated or not. Most companies have been just putting their focus on money neglecting the staff and this has led to decline in their sales and consequently decrease in their profits margin. Wall-Mart is an example of such companies, which has ...
Conflicts of interest encountered while practicing competitive intelligence
Competitive Intelligence has come to occupy an important space in the modern business and industrial landscape. The need to identify threats and opportunities and be prepared to tackle them when they arise has necessitated gathering of competitive intelligence.
However, the process of gathering competitive intelligence also involves taking ethical decisions. Gathering of data for competitive intelligence and analysis is fraught with ethical challenges, wherein one needs to be sensitive to the ways and means of gathering competitor data and whether these are in consonance with principles of ethical business practice.
For example, Business Ethics Magazine reported an example of ...
1. What is ethics, and what does it mean to "put business and ethics together"? What would it mean for a company to do this well?
Ethics can be defined as behaving in a morally just way as one moves throughout their life and activities. Ethics and morality are closely related - one behaves according to a set of principles that dictates how the world and the people in it should work. In the realm of business, having proper business ethics often means putting other concerns ahead of merely seeking profit - in essence, there are concerns far ...
Research review will be aimed at analyzing the course book as well as the relevant readings provided by the instructor so as to demonstrate the level of understanding of business ethics through course material. Firstly, a thorough study of the book and the related readings will be done. The main themes from each of the reading will be identified, then listed in the form of arguments. Then the articles related to business ethics will be identified. The major proposition of the articles will be checked as to whether they are supporting the theme given in the book or not. ...
Corporate Ethics; Dynegy Case
Ethical practices and behavior play a crucial role in any organization. The ability to distinguish the right act from the wrong activities enables individuals in a firm to improve themselves both personally and professionally. Companies today invest the huge amount of resources on developing corporate ethics; this measure increases their ability to achieve the set organizational goals. Corporate ethics entail the effort to create a healthy relationship with the company’s stakeholders to enhance efficiency. An analysis on the Dynegy Inc case of 2012 reveals the importance of upholding effective corporate ethics. The company faced losses once the stakeholders ...
Facilitator:
Introduction
An important aim of most businesses includes profit maximization. Profit maximization gives an assurance to the business that it will grow and that the shareholders will get reserves and profits apportioned to them (Kagabo, 2011). However, business’s success is not entirely dependent on its ability of making huge among of profits. The sales of a business determine its revenue, which in turn defines its profit margin. In order to increase the sales of a business, the society that consumes the products must have a good attitude towards the business. The image of the business lies in the ...
As with most employee privacy issues, this is a simple case of needing to balance the rights of employees with the consequences for the organization. Discuss your arguments using ideas from ethical theories and stakeholders theory.
` Cyberspace has presented a great chance for people to interact and share personal details. The private information that employees make public through online forums or rather social media platforms such as Facebook, Twitter, MySpace and numerous internet blogs is utilized by many potential employers, current employers and recruiters seeking further information regarding their employees(Dupree, 2006,P.32). It is worth noting that when ...
Introduction
Granola Gourmet is a manufacturer of healthy energy bars in the United States. The company now specializes in producing energy bars endorsed by medical professionals as meeting the nutritional needs of diabetics. The company has grown from 35 stores initially to 600 stores in 2011. Currently, the company has partnered with Safeways Stores, Whole Foods Market, Vons and Amazon.com which retails the bars. Safeways stores currently make massive orders energy of up to 80,000 energy bars a day. The company plans to increase the number of stores to 1000 and partner with five more big supply chains in ...
Introduction
When it comes to ethics, Albert Camus has famously said, “A man without ethics is a wild beast loosed upon this world.” So what is all the hoopla about ethics? To begin with, human ethics is the basis on which any human functions, acts or behaves. His entire thinking process is guided by the inherent ethics possessed by the person. Therefore, in a society where human interaction is must and where one needs to constantly demarcate right from wrong, it is these ethics that come into play.
Now ethics are not something someone learns overnight. A person develops ...
Introduction
Applying ethics and all of its principles should always be a part of a good program or any form of management. Ethics rather has a lot of branches, each of them dealing with more specific principles of a particular industry. An example that would be more widely used and addressed in this paper is business ethics. Simply, business ethics has a lot of correlation with the general meaning of ethics so let’s start by defining what ethics is first.
Ethics is quite simply the way or the manner how people behave. These manners could be based on several ...
Question One
In ‘Privacy and Internet Ethics’, Deborah G. Johnson presents arguments designed to show the positives and negatives of the increased capacity of technology to gather, store and manipulate information. Which argument do you think are stronger? In your view, is there a way to embrace the benefits of technology without risking the harms that Johnson envisages?
The article by Johnson on privacy on the web presents an interesting discussion of the pros and cons of privacy protection in the Internet. It is definitely an important issue today, as the information technologies develop and grow in scale on daily basis, ...
Abstract
This paper is on the topic of Environmental factors pertaining to McDonalds. The first section of this paper will analyze the influence of global economic interdependence and impact of agreements and trade practices. The second section of the paper examines the relevance of physical infrastructure and demographics. The third section of this paper will analyze the influence of cultural differences. The fourth section of this paper will examine the importance of social responsibility and ethics versus legal obligations. The following section will analyze the influence of international relations and impact of political systems. The next section of this paper ...
The need for consultancy on ethics and employee motivation is a potential opportunity in this competitive global commercial environment. In fact, some organizations have failed to uphold ethics in the business leading to mistrust and poor inter-relationships among the employees and the management of the organization. My eyes were caught by the ever rising rates of suspicion and doubts among the members working within the same organization. To begin, business ethics is a set of values that express the values of the business in relation to workers and other bodies and institutions independent of constitutional and other authorities and ...
Essay 1
According to the book, Ethics in America, the general responsibility of the corporate executive is entirely to oversee and evaluate corporate workforce while ensuring the goals, objectives and targets of the corporate mission are met without discretion within ethical standards. This has to be handled in a way of personalising organisations by making them beloved sources of self-chosen authority as per Joseph Royce in his philosophical ethical standards. Ethical standards are a crucial property in success of any management in business or the corporate world. In this regard, the corporate executive has to play a big role in fulfilling ...
According to Wikipedia, any form of professional or applied ethics which examines principles of ethics as well as the ethical or moral problems that floats in a business environment is called business ethics. It is the study of correct business strategies and practices about possibly debatable concerns, as like corporate governance, subornment, insider trading, corporate social responsibility, discrimination, and fiduciary accountabilities. Business ethics are habitually directed by regulations and laws, while sometimes deliver an elementary charter that businesses possibly will select to follow in order to gain public acceptance. Business without proper ethics cannot survive long in the market. ...
Businesses and individuals are often faced with issues that require ethical considerations in decision making process. This includes the morals and values that individuals in an organization need to consider in their day to day operations. A business environment where code of ethics are clearly outlined is likely to be more productive as all the employees and management are able to execute their duties according to their job descriptions and at the same time observe a positive and conducive working environment with minimal conflicts either internally or externally. The effort to observe and maintain ethical decision making is however ...
Business ethics is a form of professional or applied ethics which examines morals and ethical principles surrounding the business environment; it is contained in a corporation’s ethics code and covers all aspects of business conduct, from individual conduct to the entire organization.
Since its establishment in 1996, Morinda Corporation has thus far become a global phenomenon, and improved happiness and health of people from all walks of life around the world. Additionally, Morinda Company has in the past earned recognitions and awards globally due to its high business standards and integrity. In terms of business associations, Morinda is ...
Background
The importance of doing the right thing, socially, economically and environmentally by organizations cannot be overstated. In response to the economic, ethical, legal and discretionary expectation that the society puts upon businesses, organizations and individual personnel have a responsibility to do good to society. Nonetheless, implementing strategies that are in line with social, economic and environmental expectations and which ultimately benefit the society, remains quite challenging within the business environment in the 21st Century. It is challenging for organizations to create a balance between shareholders’ profits and serving the social interest of the communities in which they it operates ( ...
Essay Questions
1. Three Steps in the Individual Ethical Decision-Making Process and How Characteristics of Individuals and Organizations Influence our ethical Behavior
The first step in the individual ethical decision-making process is ethical awareness. The second step is making ethical judgments. To be able to make ethical judgments one needs to define the ethical issues in the situation. The third step in the ethical decision making process identifying the ethical behavior. Individual characteristics that influence ethical behavior may include ethical decision-making style. Certain individuals believe that, in cases of ethical dilemmas, no one should be harmed. An individual’s locus of ...
I have identified three ways in which the issue of the toys shipment can be resolved. I have indicated each of the alternatives below together with their impact on financial, legal, and ethical perspectives.
The company can decide to overlook the toy that has small traces of lead so that it can deliver the toys in time and avoid incurring losses associated with re- production and packaging. The process used to select such an alternative is cost- benefit analysis. The company may decide not to reproduce and repackage the toys since the cost would be higher than it would ...
Business Relations between the United States and Japan
The globalizing economy is a constantly growing worry in the minds of today’s businesspersons. How we relate and communicate with other countries can dictate whether we are able to do business together, or whether we have to look for other resources. In order to be successful when building business relations with businesspeople of other cultures, it is important that we understand the customs of that culture. Japan, for example, is a very different country than the United States. When the U.S. attempts to do business with Japan, we need to consider many different aspects of the country. We ...
Corporate social responsibility (CSR) is usually defined as "Certain expectations that society has of organizations on economic, legal, ethical, and discretionary levels at a given point in time" (Carroll and Buchholtz 2003, p. 36). The idea of corporate social responsibility implies moral, ethical, and philanthropic responsibilities of organizations along with their responsibilities to earn a fair return for investors and comply with the law. Legal and ethical responsibilities that the companies have toward their clients are to provide the standards of care which correspond to what they promise of their products, establishing certain ethical codes of contract in order ...
Introduction
Sincere College Connecticut is a leading institution of higher learning located in Blessed Mountains 75 miles northeast of New York City. It is an accredited institution that offers comprehensive higher education. It has a reputation for promoting the teaching and learning of liberal arts, sciences, social sciences as well as performing and fine arts. This reputation has earned it the designation Connecticut’s Public Liberal Arts College. This paper proposes a recruitment plan for finding and recruiting a young scholar to occupy the post of an Associate Professor of Business Ethics.
Selection criteria for candidates (keywords):
The ideal candidate for this position will be ...
Business Ethics
Business Ethics
Abstract
Marketing is nothing but exchange of values between the marketer and the customer. Nowadays, consumers have various options to buy goods that satisfy their needs. The marketplace is crowded with offers and promises that would confuse an ordinary consumer. Sustainable marketing calls for a transparent and ethical marketing approach on the part of marketers. Without a strict policy of business ethics, companies cannot win the customers’ mind. This paper briefly explains the marketing principles a company needs to adopt on an ethical perspective.
Marketing is all about building effective customer relationships by exchanging value and trust between ...
Introduction.
The continuous changes in the competitive environment in the tourism and hospitality industry oblige the sector to formulate ways that facilitate competitiveness, and increased market share. Contrary to conventional ways of competition like lowering of prices, product promotions, and increased profits, the sector’s levels of competition compels the players to shift to customer oriented strategies, and applying customer services, ethics, and laws of morality in achieving their intended market shares.
Recently, the question on ethical practices in tourism and hospitality in demonstrating customer relationships has led in formulation of business strategies in the sector. Most players believe that ...
Barrick Gold Corporation
Company’s Line of Business
Barrick Gold Corporation takes part in the sale and production of Gold. It also participates in activities related to mining. The activities include exploring and developing mining areas to facilitate the extraction of minerals. The company produces copper form the Lumwana and the Zaldivar mines .It holds other mining interests such as in addition, it has a project foe the development of Nickel in Africa. At Barrick, there are seven operating segments. The segments include four regional businesses involving gold, a business unit dealing in copper, a gas and oil business, and a group ...
Introduction
Securing a market for one’s products is the main concern for any producer. Regardless of the good in production or service in delivery, finding customers to the good or service is a major issue. It is the duty of the producer to come up with a unique strategy to acquire a wide customer base. For businesses that wish to achieve tremendous returns, going global is their main concern. It is the dream of my company Microwave Meal to reach a global platform. Gaining global operations calls for exclusive sacrifice and consideration of various factors. There must be proper ...
Integrity in Business
Integrity in Business
Integrity in business is one of the virtues that the society and the corporate world at large endeavor to uphold. Integrity can be explained as the quality of an individual to always behave according to the accepted moral principles. According to businessethics, every businessman should strive to maintain the integrity at all times. Business ethics demands that the business professionalsshould act responsible and uphold integrity when reviewing sensitive financial information. For instance, when creating or updating profit and loss account, trading account of an organization or any other form of account involving financial information, a business ...
The law provides equal opportunities for all businesses to undertake their activities. However, the size of a business determines the extent by which firms feel the effect of legal demands imposed on them. It is a legal requirement for large businesses to comply with accounting regulations and standards. They are subjected to internal audits and reporting of financial statements at the end of a financial year. These activities create immense pressure on a firm’s management since a high level of accuracy, and attention to details is required. An error in accounting will result in wrong figures which will ...
Business Ethics
Q1. Insider Trading can be defined as any price-sensitive and confidential knowledge and information that can give an unfair advantage to a an individual or an entity when selling and buying shares belonging to a publicly traded company.
Machan (2003) states that “There seems to be no end to how fiercely commercial success is demeaned among many of those who preach and reflect upon morality.”In his opinion, a clear cut definition of the term ‘fair’ should be decided upon. Insider training is immoral, because it essentially does provide one with prosperity by playing on others fortune. However, it ...
Emmanuel Kant sought to explain the aspects of morality and business ethics. Kantian approach implies a strong criticism and limitation of the communitarian view of good. Only a vision of the good that is compatible with universal principles of morality may be accepted as valid for value-driven management.
The Kantian business ethics is about how to conceive, manage and structure business firm in capitalist economy according to the principles of Kant’s ethics. Kant formulated three versions of the categorical imperative which is the foundation of morality (Rendtorff, 2009, p. 55):
- An action is moral if it ...
ESSAY: RESPONSIBLE BUSINESS
INTRODUCTION
According to Banerjee (2007) doing the right thing is fundamental for a business organization. However, it is prudent to note that in this 21st century, it is not easy say and do the right thing. This paper aims at critically and coherently discussing the reasons why doing the right thing socially, economically and environmentally is a complex personal and corporate business decision.
Before, we proceed, it is prudent that to define what is corporate social responsibilities. This is because, the whole discussion of this paper revolves around the corporate social responsibilities. Corporate social responsibilities is the responsibilities of ...
Article Critique
Introduction
The increasing integration of business management, information technology and business has necessitated the increasing interaction between the two, traditionally separate professionals. This paper assesses Payne and Landry (2006)’s argument that is plausible to have a single code of ethics between IT and business. The paper assets that while it is possible to have a universal code of ethics, and there is reason to believe that these codes must be the same, it is not practical in IT and business.
Summary
The definition of values points to objects, parts of objects or actions that are accepted as valuable in ...
Countries have constitutions governing businesses and other sources of income that must be adhered to promptly without fear and favor. Constitution is very important in a business. Firstly, it serves as a government structure through allocating power in different areas. Secondly, it hinders the government from taking various actions regarding corporate rights. In absence of business laws, entrepreneurs would end up ignoring some important issues, which eventually contributes to the fall of an organization. Studying business ethics has two important reasons. To start with, business ethics aids in making perfect decisions for oneself, the business one is involved, and ...
Reflection on Values and Ethics in organizations
1.0 Introduction
In today’s organization, code of ethics, mission, vision, organizational culture, values as well as social responsibility have become very important aspects that guide an organization to success. For the success of an organization the management is most responsible for the formulation of these critical aspects of the organization. As such the personal code ethics, mission, vision, values and culture of the manager are more often than not intertwined with those of the organizations. As for a company or any institution to be successful, then the manager should have good personal values that will enable him steer ...
Ethics Reflective Paper
Cuilla, (2011), defines ethics as deciding on what is considered good or bad in the society; it deals with striving towards moral responsibility and commitment. “In this case morality signifies differentiation of actions, decisions, and intentions in certain situations” (Cuilla, 2011, p. 336). The two words ‘ethics’ and ‘morality’ can be used in place of another, but in some instances they have different meanings like in deontology ethics. The paper will explain the role of ethics and social responsibility in coming up with a long-term plan of a company while considering the requirements of stakeholders. In conclusion, an explanation ...
Business Theories of the 21st Century
Business Theories of the 21st Century
The paper discusses four major business theories including learning theory that discusses how information is processed and retained by the beholder and how he absorbs the information in the first place. The theory builds on the assumption that employees in an organization learn when motivated by self-gains and eventually deliver better output to the organization. The systems theory builds on the assumption that organizations are like mechanical bodies that when provided with certain required inputs generate and deliver desired output. This theory deals with the functional aspect of management. The Organizational theory assumes ...
Total Word Count:3000 words
Part A: Ethical Dilemma Essay
Ethical Dilemma Description
This essay describes the ethical dilemma faced by an equipment assistant in a health care organization. It draws on the theory of moral intensity. There are organizations that develop stringent policies and procedures that could pose various ethical dilemmas. One is aware that there is an organization that developed strict policies on safeguarding the company’s assets, including office supplies (paper, pens, hygiene materials such as paper towels, plastic trash bags, and the like). The policy is that any personnel who brings out the company’s assets and resources would immediately ...
Essay 1
“What are the moral responsibilities of managers?”
Among the great debates of the contemporary capitalism is essentially whether or not the concept of morality matters in the business world. Managers or business owners have numerous responsibilities including moral responsibilities as well as legal responsibilities such as paying taxes. Moral responsibilities might be personal, which means that each person in a corporation is responsible for doing what is correct, or the communal responsibilities that involve all the individuals. It is worth mentioning that company culture frequently dictates the significance of the moral duties in the organization (Stikeman, 2000). For this ...