Business Ethics Critical Thinkings Samples For Students

Abstract

Business ethics is a form professional ethics that addresses moral problems that arise in business environments. Ethics in business encompass avoiding breaking the law, avoiding actions that may result in legal suits being filed against the business and avoiding actions that may damage the image of the company. The scandals that rocked several American companies in early 2000, revealed rampant self-dealing, mismanagement, erroneous accounting procedures and other unethical business practices. In an attempt to restore investor confidence, congress initiated the Sarbanes-Oxley (SOX) Act in 2002. This paper seeks to critically analyze the business ethics issues as contained in the SOX ...

Summary:

The article, A Model on Business Ethics, elaborates the concept of business ethics where the expectations of the businesses in the current world are outlined. The expectations outlined includes lobby groups, government legislation, increased education and the responsibilities of various institutions. The power and influence of the media on the ethics of business are also well elaborated. The impact of professional associations was also emphasized and how they influence businesses with respect to cultural issues. The perceptions of business ethics is also elaborated with respect to leadership relationships, staff relationships among the staff and the relationship among the shareholders. ...

Part 1

Ethic in business is a crucial thing. In these paper Halliburton company is said to have been involved in corruption scandals shall be evaluated. At the same time the Wal-Mart company that has been exploiting people shall be evaluated from different perspectives as outlined.

Utilitarianism takes two dimensions, the act utilitarianism and the rule utilitarianism. The act utilitarianism has it that consequences of a single act be measured depending on how right or wrong the course of action was. The basic rule in this case is exercising the probable benefit. In this case the point of reference in every action that ...

Fashion Business Ethics and sustainability

The substance of CSR
Corporate social responsibility entails a set of principles and initiatives undertaken by a company to respond to the effects of its business on the environment, the social welfare of the people, and the community at large. Every business organization has a set of initiatives that allow the organization to respond to the effects of its business on the people. Such initiatives could be on matters education, environmental conservation, provision of relief services, or providing health services to the community. CSR is also known as corporate citizenship and the initiatives contained therein depend on the size and nature ...

Priority: High

Re: Reforming Corporate Ethics
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It is a matter of urgent concern that corporate ethics is still not fully followed up to satisfactory levels either due to ignorance of some business people or because they have been taken for granted. By definition, legal environment consists of ethics in business, is the motivation on opinions and ideas on perspective of wrong and right in the business environment entailing virtues and recognizing the governing laws. Business ethics tend to have varied perspective whereby it is associated with developments, corruption and also organisation’s systems. The levels and rate of unethical ...

Introduction

One of the major drivers in business ethics is external social pressure. Firms need to consider the social aspirations of the general community and the protection of the environment. Most organizations today are engaging in contributing to the society by forming and implementing corporate social responsibility programs. Companies need to consider welfare of the society other than operating for profits only (Lee, 2011). There are several informal manners in which ethical conduct can be encouraged by firms. However, organizations need to devise formal policies and programs to guide and create ethical standards.

Ethical principles and Walmart

The government is a strong agent which impacts business ...

The company should adapt internal and external communication strategies which help in creating an organizational climate valuing and following certain ethical values and cultures (Ethisphere, 2012). Also employees should be motivated and encouraged in following and maintaining ethical standards. This can be attained by rewarding ethical conduct. Employees should be counseled and trained in anti corruption measures. Also the top management including CEO and senior leadership should encourage and act as role models for encouraging honesty, integrity and complying with certain set standards. Certain fair practices should be adapted in business like treating all clients and partners with respect ...

Issues addressed by the authors and their relation to the value of customer relations

Porter and Kramer (2011), in their article Creating shared value, pointed out that the assumed trade-off between economic efficiency and social progress may not be real. The authors describe some initiatives from companies and Non-Governmental Organizations (NGOs) that bridge the apparent gap between business competitiveness and social advancement, as they define the concept of ‘Shared Value.’
One of the most striking suggestions of the authors is that companies miss business opportunities as they fail to fully consider the most critical customer needs. A clearer example could not be offered as Porter and Kramer (2011) mention food companies focusing on ...

Pyrimethamine, or as it is more commonly known Daraprim, is a prescription medication that has available for nearly seven decades (Pollack, 2015). It is most commonly used for the treatment of malaria and and toxoplasmosis, which is an infection caused by a parasite often found in contaminated food. Between 1953, when it was approved for use by the United States Food and Drug Administration (FDA) and 2014 the price of Daraprim was kept relatively low; ranging from as low U.S. $1 to $13.50 per tablet of the medicine (Pollack, 2015). In 2015, the rights to manufacture Daraprim was bought ...

In a month’s time, ABC will publicly announce a project to build an adult entertainment retail store in an allocated neighborhood. This announcement will consequently cause a decrease in value of properties in the area. While this scenario presents an ethical dilemma to ABC employees, all are expected to act within ABC’s code of conduct with respect to business ethics and values.
Additional examination and instruction on issues of ethical conduct are aimed at increasing understanding and consciousness about ethical dilemmas faced within the work environment. Moral lenses ought to raise thoughtfulness about existing ethical issues. They ...

Business Ethics And Sustainability

Business Ethics and Sustainability
Introduction
The utilization of advanced information systems and manufacturing technologies in the organizational processes brought challenges to the appropriateness and relevance of the different costing systems (Epstein & Buhovac, 2014). There are different methods of costing systems which are used by the organizations such as activity based costing, marginal costing, process costing, job costing, absorption costing and some others. The assignment compares and contrasts the costing systems used by the organization in which I am employed. The company uses job costing and process costing systems for their accounting operations.

Discussion

Job costing can be defined as a ...

Introduction

Work ethics refers to believe in moral benefit of work, and its ability to enhance character. It is most relevant in personal, academic, social and professional goals because of several reasons (Moon, 2001). First, it helps to increase productivity at the workplace through enhanced teamwork among professionals. Secondly, it aids in proper decision making culture through the enhancement of accountability and transparency when undertaking business decisions. Thirdly, it sensitizes an individual to act consistently even in difficult times and finally it helps in asset protection by enabling an individual to protect and respect business assets. For instance, one is ...

Question #1: As the e-Activity states, CompUSA executives were criticized for employing a "pay for play" model that meant vendors who paid the company more were given more exposure in stores and in promotions. Assess the congruity of this model enforced by CompUSA in relation to capitalist ideals. Based on your assessment, criticize or defend the "pay for play" model on moral grounds.

According to some capitalist ideals, individual demand is the source of any value in the economy or market. Therefore, according to this kind of definition, the “pay for play” model utilized by CompUSA executives ...

`When the reported that the Adelphia Corporation was facing imminent collapse, shock waves ran through the business world. The reveal of Adelphia scandal made the world rethink their business practices. The story of Adelphia presents how one of the largest companies in the United States could also cause on of the largest cases of fraud in business history. By taking a closer look into the Adelphia scandal we are better able to determine what went wrong and what can be done in the future to prevent these types of instances.

This hidden information led to questions about how we evaluate ...

Initial discussion (completed):

After reading Barnes and Smith, what are your thoughts on whether Corporations have a responsibility to society beyond maximizing profit? Do you agree with Peter Drucker that if corporations are to continue to enjoy success managers must step beyond self-interested behavior and assume responsibility for the public good? Or, do you agree with Milton Friedman, that spending shareholder's property against their wishes is immoral? Support your conclusions with outside references and resources.

I agree that any organizations and corporation’s responsibility is not limited to increasing its product line and merchandises and maximizing profit only, but also to the society ...

Within the PharmaCARE scenario outlined in this situation, several different stakeholders can be found. The key characteristics of a stakeholder primarily involve having some sort of vested interest in the company’s success and future; their financial success and/or livelihood must depend on the company doing well and succeeding. Stakeholders are typically very aware of the actual actions of an organization, and so organizations must work hard to ensure that they are happy in order to maintain their own success and legitimacy. In order to understand the full consequences of an organizational change or scenario, the stakeholders must be identified.
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Critical thinking & application paper – if looks could kill

The above case study identifies certain ethical issues like self opinion, differential conduct, discrimination, effectiveness and fairness displayed in the hiring process. The central ethical issue in this case study is that of physical attractiveness being a criterion for hiring. This is despite repeated assurances from parents who coach students to consider personality and intelligence as important attributes rather than physical attractiveness.
One of the most important sources discussing the influence of physical attractiveness being a hiring factor is the peer-reviewed article which tries to determine the extent in which physical attractiveness is considered to be a critical factor for hiring ...

Business ethics and social responsibilities of the business are critical for the organizations that perform extremely well in terms of impetus and obligation towards the employees. Evidence suggests that responsibility may be an important aspect for attracting the best employees possible, and for becoming an admired company, admired not for the profit the company is generating, but for the quality of products, production, service and public involvement (Gossling, 2012). The shortcomings for the companies that do not follow the guidelines for being socially responsible would be loss of trust from the employees that may result in the best employees ...

The book “The Coffee Trader” mainly focuses on business aspects which involves exchange of commodities from one place to another. The mainly scene of the book takes place in Amsterdam in the year 1659 (Liss 52). The author of the book, Liss David describes how the city was filled with a variety of people from diverse destinations from all over the world. David Liss who compiled the book illustrate the manner in which Amsterdam as a port was vital in the exchange of the goods. Since it comprised of people from all over the world, it was very simple for business ...