Essays on Ethical Decision Making

(the author’s name) (the institutional affiliation) Currently, the population expresses interest in the influence of companies’ activities on modern life. In turn, companies feel inclined to legitimate their practices to society. The interest is connected with the moral aspect of pursuing profit and implementing regulations of companies’ activities. Such practices reveal the idea of corporate social responsibility (CSR) which presents a complex area as it centers on issues of humanity, sustainability, and environmental responsibility (Crane, Matten, and Spence, 2013, pp. 3-4; Fleming, Roberts, and Garsten, 2013, p. 340; Wright, 2010, p. 1). In this regard, the following social ...

Every organization has to work on the principles of ethics and responsibility. Ethics make the foundation of every business and if ethics are not followed as such, then the functioning of the business suffers and it loses it image and reputation at a gradual pace. Sometimes, managers face ethical dilemmas where they are not able to decide whether to stick to the values of the company or opt for decisions which are better for the organization in the long run (Ford & Richardson, 2013). The given case is about the ethical dilemma being faced by George Cosgrove who is serving ...

The managers of public sectors are confronted by the dilemmas related to ethics because they effort to select options surrounded by the values set. Ethical problems might emerge from similarly alluring alternatives that may perhaps be defended as the right one in some circumstances (Ehrich, Cranston & Kimber, 2004). The starting of the twenty-first era has shown the profession of accountancy as the biggest challenge to continue. Such task highlighted the need for the profession to make stronger the self-assurance of public in its ethics plus efficiency (Onyebuchi, 2011). The scandals related to accounting that is found out frequently in ...

Ethical Autobiography

Morality and the corresponding moral norm is the basis of civilization and humanity in general. This is the concept that determines whether a person is in the “right” or in the “wrong”. When morality and moral foundations collapse the society becomes gradually destroyed, people become degraded and immersed in vice. Morality is our inner code of conduct making us behave in a good way towards other people. The issue is that some people have lost their sense of morality and are doing the contrary of “right” and “good.” Moral (see “right”) actions follow a certain spiritual principle of honor, ...

Entrepreneurial Intentions and Moral Disengagement among Business Students

This study evaluates the relationship between entrepreneurial decision making and moral disengagement among business students with the objective of assessing how far students are willing to compromise on ethical values to achieve financial gains and self fulfillment. This study is expected to contribute substantially to the existing literature on entrepreneurial intentions and ethical decision making by getting an insight into the organizational behavior of would be entrepreneurs. Instances of ethical aberrations by high ranking officials from companies like Enron and Goldman Sach, who were business graduates from reputed institutes prompted Cory, S.N. (2015, 2) to undertake a research to ...

Introduction

In the process of designing and implementing projects, some ethical issues are faced by the project managers on a daily basis. If such ethical issues are not dealt with effectively with solutions, the efficiency of project implementation becomes reduced significantly. Ethical issues relate to how team members develop and sustain a good working relationship with each other and vary in the type of project and the region involved. There are no existing hard and fast rules that act as directives to solutions when ethical challenges arise. Therefore, professionals need to apply both leadership and entrepreneurial skills to resolve ethical ...

Summary of Unethical Behavior

Joe has exhibited unethical behavior by letting his personal opinions and feelings interfere with his work as a counselor to Jill. Accordingly, he used his religious background in judging Jill’s same-sex attraction. He also allowed his own untested opinion on the effectiveness and applicability of the European technique for erasing memories govern his judgment on whether it would be applicable for Jill or not. He also wanted to test the technique even if Jill did not give him her consent. Also, Joe is not sensitive to the cultural background of Jill during the counseling process. Moreover, he let ...

Abstract

The given case study discusses the rise and fall of Nortel Networks Corporation, which was one of the world’s largest telecommunication corporation. Nortel was a Canadian global organization that was at its peak in the early 2000s and apparently, it botched due to inefficient echelon management, inflated earnings and costs, dysfunctional directors’ board, as well as, illusion of constancy and stability. Although there were numerous possibilities that could have been adopted to prevent the fall and demise of the company; however, those roads were unfortunately not traveled. Nortel’s downfall began when it fails to live up to ...

Ethical dilemma arises when there is conflict between ethical principles (Tigerman, 2008). The common ethical dilemma that arises in nursing include: What is the fair or just solution to this problem or to whom do I have a duty towards? When such situations arise in practice, the ability to solve the dilemma in an ethical way is very important. Ethical decision making will help to direct the nurse to the right course of action in such situations. It can also help to analyze the decision made by others in a similar situation. A person’s personal standards of right ...

Business

Business

Activity 1

1. It is the responsibility of a leader to earn the trust of his employees that they can have full confidence in their leader in hard times. For that, it is necessary that the leader should reflect ethical leadership qualities to gain the trust and creates a good environment of the organization. It can be said that it is the internal consistency, proactivity, and backup strategies that help leaders to prove themselves. By putting aside ego and anger while dealing with an employee, a leader can make his position strong within the organization. A clear and coherent ethical ...

Ethics is a multifaceted concept that entails a range of aspects from virtually any sphere of life. Any changes that take place in a daily life tend to be reflected in a person’s spiritual world, thereby transforming fundamental ethical values and moral standards. Apparently, the nature of ethics is largely based on moral foundations. Having sustained manifestations in society, ethical phenomenon appears to be an integral aspect of human life, which acts as the spiritual core along with its moral consistency. Modern conditions give rise to new challenges and threats, which require the mobilization of human efforts. Moral ...

-DQ1: Identify an industry in which you would like to work – any company. Use the company’s website to learn about their core values and culture in order to find your best fit and then explain your choice.

Response:

My industry of choice is the fast moving consumer goods (FMCG) and the company of preference is Diageo Plc. Diageo is a global leader in the manufacture of alcoholic and nonalcoholic beverages. The company takes pride in iconic brands, beer and spirits, such as Johnnie Walker and Guinness. It operates in over 180 countries situated in 21 geographical markets that are ...

Abstract

Ethics is a loosely defined area that seeks to achieve the best solution for the benefit of greater society. Ethical decision-making is complex and challenging due to the fact that exact courses of action are often not defined or clear, given the various scenarios one might encounter. Public safety agency employees are not only likely to face ethical dilemmas on a daily basis, but be expected to uphold high ethical standards. The literature on ethical decision making training within public safety agencies stipulates certain guidelines. These guidelines include ensuring that employees are able to define what comprises an ethical ...

Critical Thinking and Ethics

June 3rd, 2016

I feel that the principles and the rules of critical thinking are applicable to ethical reasoning. There are three main areas to consider when it comes to decision making. These areas include obligations, moral ideals, and consequences. When all of these areas are applied to a problem, the critical thinking will allow a person to come up with an ethical solution. One example is when doctors harvest the organs from inmates that are on death row. This makes it easy to see where the problems might occur. When a person understands all of the consequences of ...

INDIVIDUAL ESSAY

Introduction The paper is intended to evaluate the importance of ethical decision making and to critically discuss the factors that affect the choice of an individual within the company (Ferrell & Fraedrich, 2016; Jones, 1991). Most of the managers and managements within the firms and organizations are now considering the importance of ethics in their practices and decision making (Samson & Draft, 2011). Either it is business firms, business people or government; all are concerned about the ethics. Based on the scenario that Radax is the company of the manager’s best friend, yet the bids of the company are not ...

An Assignment Submitted by

Brief Overview In the work of a school counselor, ethical code of conduct plays a central role identifying the quality of the profession. A failure to comply with the ethical rules may lead to the disciplinary and legal consequences that will affect the career as well as the entire educational establishment. It is essential to remember that school bears a list of responsibilities for the life and well-being of children and adolescents that are both legally and ethically safeguarded by the state and the entire community. Consequently, the educators have to preserve a balance between their personal beliefs and ...

Analysis of an Ethical Dilemma.

Abstract The ethical decision-making process paper focuses on the ethical guidelines for national and multinational organizations. With the business management and organizational planning and objectives, it is becoming paramount that employee human and labor right be in harmony with every prospectus developed by the firms. Contemporary issues that face employees are being reviewed and addressed such the human rights and labor relations guideline. The paper focus on rights of workers based on the ethical dilemma related to off the clock working. The decisions made at the management level must always ensure that they adhere to professional code of ethics ...

Ethics and Governance

The concepts of ethics and corporate governance are unceasingly becoming importance in the modern day organizations as they play a great role in addressing key issues. In that respect, the two concepts take varying approaches and their application varies among firms (Elms et al., 2010). Regarding the ethics issue, it relates to the norms and morality of a given community and what is right or wrong draws from those norms and morality values. In the modern world, the issues of ethics have been popularized given the increased cases of organizations that have been judged on the ethical basis (Cannon, ...

Discussion Questions

Making decisions and implementing them in an ethical manner is one of the key determinants of successful managerial performance. Thus, the practice demonstrates that positive financial performance is not sufficient for business successfulness under the today’s business realities. In other words, a company may be considered successful not only when it yields profits, but also when its operations impacts the interests of its stakeholders in a wholesome way. These stakeholders are different, ranging from regular customers to community based organizations and employees. Furthermore, the practice shows that a single action, which infringed upon the communal interests, may have ...

Introduction

An effective and excellent leader has many skills, both recognized and unrecognized. He or she is a problem solver, the person who encourages others to act on decisions that he or she thinks will benefit the whole, instead of just one person. He or she is sensitive to the needs of others, and he or she makes sure that when faced with a difficult decision that he or she is just, fair, and ethical.These decisions are usually very difficult, and sometimes many people or communities rely on a quick, decisive, and right action. Leaders are not always the popular ...

Introduction

Owing to the fact that policy implementation is essential to the development of a company, Turner Constructions needs to embrace an influential ethical decision making framework. This is largely accredited to the fact that the current system is rather inefficient and is not centered towards the welfare of the employees. The current system does not ensure equality in the employee compensation due to the wide salary margin between field engineers and project managers $54,522 and $130, 893 (Payscale, 2016). Additionally, the newly employed personnel do not get a good conducive environment for growth due to the inadequacies of ...

During the 1960s and the 1970s, there was high demand for compact, low cost cars in the US. Ford Motor Company was threatened by stiff competition from Volkswagen Beetle. Consequently, it rushed its then newly designed Ford Pinto into the market with blatant disregard for the safety of its customers. The car became notorious for accidents occasioned by rare-end collisions at a speed of over 30 miles per hour. The fuel tank would rupture and burst into flames leading to casualties and in some cases fatalities among the passengers (Tenbrunsel & Bazerman, 2011). It took so long for the decision ...

Introduction

Ethical decision can be explained as the process of evaluating options and making choices among the options in a manner consistent with ethical principles. The process of making these ethical decisions requires commitment, consciousness and competence.

Personal Ethical Decision Making

I had to make the decision to follow my workplace terms and miss my father's funeral or attend my dad's funeral and lose my job. With all this in mind, I had to make a choice choose to attend my father's funeral then hoped to go back and try to talk to my boss. It was the ethical thing for me to do ...

Introduction

Corporate social responsibility is defined as a commitment by corporate bodies to contribute towards sustainable economic development by working with the local community, employees and their families and the entire society in order to augment the quality of life they lead. However, owing to the widespread corporate corruption, organizations have been changed to benefit those who own them at the detriment of those who do not have a stake in the organization. This is in total disregard of the theories of corporate social responsibility and stakeholder.

Discussion

Corporate social responsibility has a discretionary and voluntary aspect. It requires that a company exceeds ...

Implementing decisions is one of the basic routines by a manager. The challenge of Bailey battling with the problem, Hunt should implement the decision ethically by following the organization codes and enforce the rules. Doctor Bailey problem of Obsessive-compulsive disorder (OCD) was not only bringing problems to herself but also to the people and patient in the hospital. According to Tenbrunsel (2008), major sign of OCD such as repetitive washing hands, preoccupation with religious thoughts and obsession can lead to delays, time consuming and unethical business conduct.

The implementation of Bailey problem ethically is to assist her overcome the ...

An ethical dilemma is any circumstance in which direct moral values are put in conflict in deciding which path of action is correct or incorrect (Pozgar, 2011). Ethical decision-making procedures, however, provide a useful framework in which to understand the conflicts, evaluate the alternatives and decide on the best course of action to take in the specific situation confronting the decision maker. Indeed, while employing a method of ethical decision-making to an ethical dilemma may not provide all the answers but it should help clarify the issues enough so that a means of resolution will be obvious or easier to see.

Gather the facts needed to identify the problem

The ...

The world of multinational corporations has witnessed a myriad of scandals involving its top management. However, no scandal has drawn much attention like the Enron Scandal. In 2001, revelations about the Enron Scandal began to resurface. The scandal involving top level management led to the state of bankruptcy of the firm (Sterling, 2002). Additionally, it contributed to the dissolution of one of its partners, Arthur Andersen, an audit firm. Apart from being one of the biggest scandals in the United States history, the scandal exposed the weaknesses in the audit sector. The paper seeks ...

- What should Joe do in this situation?

In the case of Joe’s situation involving his decision making with the company, I think that Joe needs to do his own method on how the company would survive and regain the success. In a business, there will always be competitors who would try to let us go down and leave the business world. There will always be an enemy whenever we engaged in the business world. Even though Joe has a pretty good relationship with the other companies, his duty as the sales representative in UWEAR is far more important than ...

Corporate culture is a set of beliefs, values, norms, goals and ways of finding solutions, shared by the employees (members) of any organization(Schein, 2010). An organization culture provides the employees the meaning and the internal rules of behavior. When these beliefs, rules, customs and norms have been accepted, shared and circulated within the organization they represent the culture of the organization. The culture of an organization greatly influences ethical decision making process within the organization. That is, if the organization culture encourages unethical behavior, then the employees may as well act in an unethical manner alongside making decisions. On ...

- Explain fully the five practices of exemplary leadership as discussed in your text, and give a concrete example of each as it might apply to an actual leadership situation Since leadership largely diverts from personal life to behavior, observable skills and abilities are needed for the leaders. The leader should be able to model the way, inspire a shared vision, challenge the processes, enable others to act and encourage the heart.

The leader should be able to do exemplary things within the organization in order to ensure and witness success within the organization. In order to keep the company ...

Ethical problems abound in the health care environment. Health care administrators often encounter a dilemma when working in an environment which may not be favorable to the full practice of ethical decision making (Malloch & Porter-O’Grady, 2009). Issues relating to cost-cutting, patient safety, quality care and employee welfare also highlight dilemmas involving the ethical principles of autonomy, justice, beneficence and nonmaleficence (Morrison, 2011). The ACHE code of ethics is a standard which advocates a systematic process for self reflection founded on theory with the goal of assisting health care administrators in making the right decisions (Ethics self-assessment, 2012).

The ACHE recommends a ...

Following the guidelines of Course ID guidelinesStudent’s NameUniversity

Introduction The most important problem that any organization faces is the problem of unethical behavior. It is a common problem faced by both for-profit as well as nonprofit organization. Examining ethical issues is a thorough observation of the moral conducts that must be kept in mind while planning the operations of an organization. It is the duty of the management to consider the ethical issues or moral conducts before planning the strategies of an organization. Here in this report a study has been made regarding the problems and challenges faced by any organization to cope up with the moral values or ...

According to the writers, ethical decision-making in business is the application of the friendly approach in the commercial transactions (EBSCO Publishing, 2014). Hence, the approach employed by the business people may not jeopardize the lifestyle of the society. In most occasions, the firm uses the ethical values to shape the relationship of the company with the community. Moreover, the writers elaborate how ethical decision making in any business venture can establish an encouraging relationship with employees together with customers. Ethical decision making in a business enterprise has attracted many Christians in the business world either as clients or business people. ...

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 ...

Institutian

Introduction Corporate culture is the true asset of a company. A strong positive culture is evident in cases of many companies such Johnson and Johnson, Southwest Airlines and Google. These companies take pride in their corporate culture. If corporate culture can be an asset for some companies, it can also be a liability for some other companies. The contrast of asset and liability in respect of corporate culture can be seen in two companies – Starbucks Coffee Company and General Motors. Starbucks is known for strong positive culture linked to its entrepreneurial success, while the systematic decline of General Motors can at least ...

The corporate reputation of any company is significant in determining the role concerning the social responsibility and organizational performance of the company. A corporation’s complete achievement or failure mostly depend on the reputation it creates among its clients and the society in overall. Definitively, in corporate philosophies, the company reputation can be demonstrated as, “one of the establishment's paramount intangible assets with tangible, significant value” (Ferrell, 2011). This emphasizes that even though an enterprise’s status may be accepted to the public, the company’s public image is obviously more important to the stakeholders than any other thing. ...

Introduction

Ethics is the study of understanding whether what we do is good and right (Manikutty, Being Ethical p. 19). If we speak of business ethics, we can infer that it is a combination of proper business policies and practices regarding several businesses and marketing related issues. Basically, it is a way in which a marketer conducts its business with its customers by applying several marketing strategies. It is quite often that businesses come under intense scrutiny because they routinely pose tough ethical dilemmas and it becomes very difficult to differentiate between a normal marketing practice and unethical behaviour. If we look at marketing ...

Introduction

This presentation is on Toyota Motor Corporation. This automotive company is Japanese in origin with its headquarters Aichi, Japan. Toyota over a period of time has been facing some ethical problems that seem to be weighing it down. The company is owned by Kiirichi Toyoda, who is the innovator and inventor of the company. The company was established in the year of 1973 following the emergence and merging of the various Toyota Industries owned by his father. Most of the ethical issues experienced by the company, both the local and international outlets have affected the company progress either positively and ...

Transformational leadership symbolizes the essential and significant quality for the successful management of the transformational changes in the organization (Bass & Avolio, 1994). A transformational leader with his exceptional qualities can properly lead an organization help the people to achieve their ultimate goal. Sam Walton, who is the founder of Wal-Mart, is one of those transformational leaders, who have utilized every opportunity in order to inspire and lead the people for achievement of the ultimate goal (Daft & Marcic, 2012). Sam Walton is regarded as a transformational leader due to the qualities such as his method of appreciation for the employees. Sam ...

Dear Top Leadership Team,

I am writing to you with the objective to address my concerns in regards to the compliance with our Corporate Code of Ethical Standards and in view of increasing complexity of organizations. There is no need to explain that recent Mergers and Acquisitions (M&A) that took place in the Kuehne & Nagel (K&N) organization put a lot of pressure on our organizational identity and shared values culture. New colleagues, that recently joined the company, are not yet well aware of the standards of Ethical Decision Making Protocol. We, as the TLT, should be able to pass this message across the organization, ...

Introduction

The company Nike, which was initially founded as Blue Ribbon Sports by Phil Knight and a colleague from college, is an idea born as a result of Knight’s paper while undertaking his MBA program at Stanford, which was to import athletic shoes to the US market from Japan. This market was dominated by Puma and Adidas. The company’s initial development was as a distributor for a Japanese athletic shoe company known as Onitsuka Tiger. In 1971, the relationship ended and the following year Nike was formed. The publicity of Nike was by the use of celebrity athletes sponsors. The company ...

The New Belgium Brewing Company was founded in the year of 1991 by As Jeff Lebesch, an American electrical engineer. The company has since grown to mature and attain nationally recognition among its competitors. The New Belgium Brewing Company is well known for its environmental efficiency and concerns for social responsibility within the community which the brewer operates. The statements of the company highlight simplicity and aid better communication between the firm, the customers and other stakeholders (Ferrell, Fraedrich & Ferrell, 2013). The environmental issues that the Company aims to address in its daily operations comprise of the environmental ...

The Monsanto Company was discovered in the year of 1901 in St. Louis, Missouri by John F. Queeny and since then has dealt in the production of diversified products intended for the agricultural and consumer market. The Company has had a tremendous development and growth rate in the past century considering their operations in a diversified range of products. These included petroleum, fiber, agricultural chemicals and also the genetically modified (GM) food crops. The companies operation has also had and experienced a fair share of economical and ethical challenges of functioning over the many years of industrialization. The ethical issues that ...

What is an ethical choice?

The interest concerning ethical choice stems from the fact that such a situation sooner or later confronts every person. Ethical choice is a person’s choice in favor of either good or evil, the choice of ethical alternatives. Thus, “ethical standards are what the majority accepts as good, and the way they behave without imposed rules and regulations” (Chmielewski, 2004). The situation of ethical choice reveals the true nature of a man: some people are guided by common values and rules whereas the others - by greed, selfishness, self-preservation instinct. People always have a choice between good and evil, between life according ...

Introduction

One of the challenges faced by supervisors is the management and practice of ethical decision making. An organization presents itself with several ethical dilemmas. Most ethical decision making frameworks have three factors impacting decision making. Ethical dilemma may be presented by the conduct of an individual or an organization in general, the systems used for judgement or ethical reasoning and the manner in which an ethical issue is perceived (Husted & Allen, 2008).

Ethical dilemma

Supervisors often face situations of ethical dilemma when they are operating in a cross cultural environment. This dilemma is highly impacted by collectivism and individualism. The clash against ...

Introduction

Ethics is the study of understanding whether what we do is good and right (Manikutty, Being Ethical p. 19). Speaking of work and business ethics, we can certainly say that it is an amalgamation of proper work policies and practices regarding several business decisions and issues that are related to production, sales and marketing. This case deals with the ethics policy of XYZ Inc. After a good and commendable effort by the company’s HR department and the top management, the company now has a dedicated Ethics Officer and a proper Code of Ethics in place. However, XYZ Inc. faces a serious ethical ...

Ethical decision making refers to coming up with a choice that falls under the standards of the environment that are acceptable to most people. Most of the standards used to see whether something or a decision is ethical or not are based on Judeo-Christian principles (Husted et al. 56). The human societal structure often imposes sanctions on individuals who fail to follow ethical regulations and standards. The case study gives details of two classmates, Greg and Natalie, who posses different characters and other classmates too. Greg is hard working together with the other members of his group whereas Natalie is not ...

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 indirectly involve with the ...

Part 1.1

The title of the EPA audit policy is “Incentives for self-Policing: Discovery, Disclosure, Correction and Prevention of Violation”. The policy is developed to empower and sensitize the organizations about the need for policing themselves and earn benefits relation to environmental regulations.

Part 1.2

There are four incentives announced by the EPA for self-policing. 1. Elimination of gravity-based penalties, 2.Reduction in gravity-based penalties (75%), 3. No recommendation for criminal procedures, and 4. No routine requests for audit reports. With these benefits the organizations can be proactive in protecting the human health and environment and earn goodwill among the government agencies.

Part 1.3

Penalties proposed ...

Importance of Sound Ethical Decision Making in Organizations

Business ethics is a form of professional principles that examine ethical values and moral problems that arise in a business environment. It applies to all areas of business conduct and is important to the behavior of individuals and the whole organizations (Ferrell 9). Making ethical business decisions is a key to achieving long-term success for any business, although the decision makers may, achieve weaker short-term financial results. Knowledge of how to make ethical business decisions can help one to set the standard throughout the organization, consequently, helping the company to garner positive name in the marketplace while acquiring a loyal customer base (Griseri ...

Abstract

The main purpose of this study is to evaluate various factors that play an important role in influencing diversity at workplace. Is it important for an organisation to spend its valuable time and resources in improving its diversity and motivating its employees to work together happily? The answer to this would be a “yes”. This article studies the factors that give rise to diversity, the importance of having a diverse workforce and its merits. This article also throws light on the significance of effectively managing workplace diversity. It tries to analyse how an organisation can achieve long term success and employee ...

Montego Video Games: A Study on Ethics

Ethics deals with a person’s judgment of what is right and wrong. Speaking of workplace ethics, it is a study of proper business policies and practices regarding several work related issues. Broadly speaking, it is a way in which the company conducts its business with its external and internal stakeholders like customers, employees, investors and creditors. This case deals with Montego Video game’s foray into child-education market. It has started selling an education game called Sequence Enhancer. Within this games are hidden games that children can access easily. Some of those hidden games are explicitly violent, some depict crime as a ...

Introduction

An accounting framework essentially influences the way business entities delineates success. Traditional accounting predominantly concentrates on increasing the shareholder value while also influencing the bottom lines of the business in terms of its finances. However, an growing number of corporations now-a-days, are primarily interested in either the so called “double” or “triple” bottom line accounting. Their focus is not just on measuring the impact their business practices have on the financial bottom line, but also upon the impact their business practices have on their personnel, the societies in which they operate, as well as the environment surrounding them. ...

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 difficult ...

Business Ethics and Sustainability

Report on Sustainability Issues Affecting Institutional Investors, Within the Australian and global Markets

Executive Summary 3

Introduction 4 Stakeholder’s Approach Theory 4-5 Major Stakeholders 5 Impact of the Incident to the Organization 6-7 Further Discussion 7-9 Ethical Theories behind the Incident 9 SBS Strengths: Ethics in Leadership and Organizational Culture 10-12 Recommendation/Conclusion 12 -14

References 15

Executive Summary This case study pertains to the organization called SBS, short for Special Broadcasting Service. It provides multi-cultural programs on radio and television. The person who was interviewed for this case report was from SBS Radio. His ...

Question one

The incidence of finding maggots in milk filters is countered with the presence of an ethical dilemma. This is a situation that may bring up a set of stakeholders in the order of their contribution to the ethical dilemma. These stakeholders are: - Eastern Dairies - Technicians - Customers Eastern dairies being the owner of the entire business system was supposed to be critically keen on how all activities were coordinated. It was vital for the organization to evaluate the reliability of the stock in terms of being healthy for consumption. However, the company ignored expired stock ...

Background of the case

Enron was one of the largest companies in America dealing mainly with the distribution of power but also diversifying into numerous other interests. Enron, despite its phenomenal success occasion by the unprecedented growth of the subsidiaries it acquired, became a name synonymous with ‘fraud’ and ‘ethical disaster’. The genesis of the Enron ethical menace began when federal regulators permitted Enron to employ an accounting method known as “mark to market” which allows recording of price of a security on a daily basis in calculation of profits and losses. Enron was therefore able to count earning it had not made and might ...

Introduction

Actions are essentially dictated by the values. Identifying both actual and proclaimed organizational values will actually assist an institution guarantee that all of its actions are indeed commensurate with these values hence this will enable such an institution initiate a robust structure that is essential in supporting values operationalization. Various ethical issues for institutions and especially international ones arise due to differing value systems. For that reason, ethical audit will fundamentally enable an institution establish guidelines that are clear about acceptable behavioral limits. Ethics audit refers to the systematic evaluation of the ethics programs or performance of an organization ...

Introduction

Nurses have to make ethical decisions between what is ‘wrong’ and what is ‘right’ on a daily basis. The nursing profession is based on ethical code of conduct. Ethical conduct is an important aspect in the delivery of quality care. Nursing ethics allows nurses to provide care that is patient centric and observes patient autonomy and privacy. There are different theories used to make ethical decisions in nursing. Each theory has its limitations and often, ethical decisions are made after careful analysis of a case. Culture plays a critical role in ethics as what is right and what is wrong is largely ...

Psychology – Ethical Dilemma in Psychotherapy

Psychologists often encounter situations where their acute ethical decision making abilities are tested. They have to take various factors into consideration such as age of the subject, sanity of the subject to comprehend situations and take appropriate decisions, influence of environmental factors on the subject’s decisions and many others. Facing difficult ethical dilemmas and determination of best course of action in such situations requires years of practice and effective training of counselors. P J Graham and D M Foreman conducted a case study in 1991 where they assessed the condition and progressive results of psychotherapy treatment of an ...