...discussing business ethics and social responsibility in our presentation today, and relating these theories specifically to the News of the World phone hacking scandal that broke in 2007. This scandal involved journalists and editors of the publication, News of the World illegally hacking into people's phones in order to access information that would not have been available to them otherwise. Though exact numbers are not known, lists of phones were confiscated listing thousands of mobile numbers, including the numbers of members of the royal family, some celebrities and the families of soldiers, terror and murder victims (BBC News UK, 2013). The scandal was further complicated when members of the London Metropolitan police engaged in behaviour that covered up or misrepresented the legality of the actions undertaken by the paper (BBC News UK, 2013). So to start, what are business ethics and social responsibility? Ethics are not easy to define. They represent a social contract between individuals of a given community, and define what a person ought, and conversely ought not, to do, (Andre & Velasques 1987). However, ethics are not defined by individuals, but rather represent the values of the largest majority. This means that the things an individual values may not be congruent with acting ethically as is defined by the community. This conflict is representative of an ethical dilema. This occurs when an individuals values contradict the behaviour that the code of ethics they belong...
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...Chapter 4 - Ethics in International Business Introduction • Business ethics are the accepted principles of right or wrong governing the conduct of business people • An ethical strategy is a strategy or course of action that does not violate these accepted principles Ethical Issues in International Business • Many of the ethical issues and dilemmas in international business are rooted in the fact that political systems, law, economic development, and culture vary significantly from nation to nation • In the international business setting, the most common ethical issues involve - Employment practices - Human rights - Environmental regulations - Corruption - Moral obligation of multinational corporations Employment Practices • Ethical issues associated with employment practices abroad include - When work conditions in a host nation are clearly inferior to those in a multinational’s home nation, what standards should be applied? - While few would suggest that pay and work conditions should be the same across nations, how much divergence is acceptable? Human Rights • Questions of human rights can arise in international business because basic human rights still are not respected in many nations - Rights that we take for granted in developed nations, such as freedom of association, freedom of speech, freedom of assembly, freedom of movement, and freedom from political repression are by...
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...DILEMA 1. Dilemma And Ethics Audrey Banks University of Phoenix Audrey Banks is a student at Univesity of Phoneix and if there are any concerns about this essay you may contact her at audreybanks32685@email.phoenix.edu. Dilemma 2. Abstract This essay is about and ethical dilemma that my best friend has experienced at her workplace. As you read this paper you will find out exactly what the relationship between values and morals are when it comes to working in a nursing home. Also you will gain knowledge on how I examined the way external social pressures influenced some business ethics in this situation. Dilemma 3. Have you ever faced an ethical dilemma in the workplace? In this essay you will find the different relationships between personal values and moral concepts that have occurred in an ethical dilemma. As you continue to read this essay you will find out information on a person I know that has come face to face with an ethical dilemma as a certified nurse's aide. An ethical dilemma according to www.wikipedia.org, “is a complex situation that often involves an apparent mental conflict between moral imperatives, in which to obey one would result in transgressing another.” People often come across ethical dilemmas in an attempt to refute an ethical system...
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...Assignment #1 Ethical Issues in HRM Strategies You have just been hired to consult with a new client organization. This organization is similar to others for whom you have served in an HRM consulting role and experiences many of the same problems and situations that the other organizations have had. You have a wealth of knowledge about other organizations’ HRM strategies. Describe your approach to this new client in terms of relying upon knowledge you have gained working with other similar situation. 1. Identify the issues of overlap in the new client organization with others that you have had as client. 2. Explain the ethical dilemma(s) that may arise if you use your expert knowledge of other organizational HRM strategies with the new client. 3. Discuss your approach to customizing HRM strategy to business strategies. 4. Emphasize the importance of establishing HRM strategies to improve a competitive advantage. Issues of overlap in a new client organization. According to Stewart & Brown (2012) good human resource management practices help successful organizations meet the needs of their employees, customers owners and society. .A company must have a strategic plan to for dealing with important changes that are likely to occur both in the marketplace and among its workforce. Employee productivity increases when organizations hire and motivate employees effectively. Good human resource practices create more satisfied employees who in turn...
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...Course Project Part 1 GM545 Business Econcomics (Fall Session A 2010) November 9, 2010 Ethical Issues in Business Ethics is an everyday occurrence in the corporate world as well as one's personal life. Business ethics is the same as normal ethics. In both cases, ethics is knowing what is right or wrong, and/or learning what is right or wrong in the environment in which one is involved. An ethical issue may not have a concrete answer; therefore a person's decision may depend on that person's situation. This may happen because "ethics is a broad and murky area and the workplace is full of ethical dilemmas and issues" (Orinsi, 1999). Therefore, employees feeling the pressure to perform may resort to unethical decisions in order to meet the goals that they feel are unreasonable. This can happen at any level of management (Orinsi, 1999). I work in a industry full of healthful living and fitness plans, one of the most recent corporate ethical dilemas I believe is reasonable to discuss, centers around Susan G. Komen (SGK) for the Cure and chosing cause-marketing partner, Kentucy Fried Chicken (KFC). Questions have been raised by various media, including The Washington Post and The Huffington Post (one specifically about pesticides and their link to corn, chickens and cancer) to which Andrea Rader' SGK's director of commnications, responded with dollar amounts of SGK's contributions to research and education. (Stengel, 2010) In the majority of its responses to the media...
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...Applying Ethical Theories to Whistleblowing Didi G. Wright Stevenson University Every day as professionals, we are faced with challenging ethical dilemmas to report perceived wrongdoings or some breach of trust by our coworkers. As individuals, each of us has set of values and beliefs that we adhere to and used as guides or moral compasses when making difficult decisions. Cynthia Cooper like many of us was faced with a similar conflict which she was hesitant to speak out because of the many people involved and the consequences of her action. If I were in the place of Cooper, I believe I would have spoken out and tell the truth after all other alternatives to resolve the issue had been considered or rejected. Bok cautioned us to weigh our responsiblity to serve the public interest against our responsibility to institution and colleagues. Similarly, I believe duty and loyalty lie with both the public that I serve and my colleagues with whom I serve to tell the truth. As a public health professional, my actions or inactions can have dire consequences. Therefore I am required to uphold the public trust. Many organizations like mine have a code of ethics that require its employees to expose inappropriate behaviors whenever and wherever they are uncovered. Additionally, employees are required to abide by these rules of ethical behaviors and always do the right. Aristotle’s theory deemphasizes rules, consequences and particular acts and places the focus...
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...ABSTRACT This study aims at putting critical thinking in action evaluating the ethical approaches effective for managers making company decisions. Ethics, in the working place, refers to the rules of the workplace that an employee has to comply with, along with the rules of society. Lauren a quality engineer in her company is faced with an ethical challenge to sign or not to sign fraudulent report to produce a product that does not meet quality standard of the customer .In the study, the concept of ethics has been examined using principles of ethics, followed by a conceptual framework of making ethical decisions. Lauren is meant to determine using five ethical principles, what is right and wrong, fair and unfair, respect of human rights, the virtuous principle and the common good principle. Ethics generally means the “just” or “right” behavioral standards in a situation between individuals. Social principles including justice and right are “generally accepted” (Browning, J. & Zabriskie, N.B. 1983, p. 219). Ethics is a discipline that investigates the doings of humans as a special problem field and examines the entities and characteristics of this field and the principles (values) governing this field, and whether the doings of human beings are dependent or independent (Taylor, 1975, p. 1). In the analysis of the case results from the five ethical principles suggest that Lauren should not sign the report since it is unethical and fraudulent perhaps the company may come up with...
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...INTRODUCTION By using Feminist Ethics theory, I will examine case of child’s play based on its principles / framework to point out what is the right decision that most benefit the parties. Differ from Deontology which is known as “Duty ethics” of Kant and Virtue ethics of Aristotte, Gilligan’s Caring ethics aim to avoid harm and maintain healthy relationships and also aim at the achievement of harmony, empathy and integration with regard to particular ethical issue. To me, this is most appropriate ethical theory for this particular ‘child’s play’ issue. Now, I shall discuss more on the case from the product manager point of view. ETHICAL DILEMA “Deal or not to deal” While buying souvenirs for my 5 years old and 7 years old nieces, I thought about those hard working children in Thailand. They also have the children’s rights. The right to freedom, right to live happily, right to study..etc. Things even go much bigger as this is not about only one family but the whole village / town has similar case. As a woman, I also want my children to enjoy their childhood and see them grow up with no suffers. If I carry on the deal with Thai Manufacturer, I will save two third on the current cost from the Portuguese supplier but no change in quality. And obviously getting huge bonus at the end of the year. On the other hand, I started asking myself: Do I put these Thai children in the right path that they should be. ARGUMENT First Option: (Deal) If deal is on, everyone will get...
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...were still perceived by many on Capitol Hill as biased in favor of their clients, incapable of or unwilling to police themselves, and at times participants in cover-ups of client affairs. Senator Metcalf even went so far as to suggest nationalizing the industry in light of these activities. Just prior to the Metcalf report, Daniel Potter began working as a staff accountant for Baker Greenleaf, one of the Big Eight accounting firms. In preparation for his CPA examination, Dan had rigorously studied the code of ethics of the American Institute of Certified Public Accountants (AICPA) and had thoroughly familiarized himself with his profession's guidelines for morality. He was aware of ethical situations which might pose practical problems, such as maintaining independence from the client or bearing the responsibility for reporting a client's unlawful or unreasonably misleading activities and he knew the channels through which a CPA was expected to resolve unethical business policies. Dan had taken the guidelines very seriously; they were not only an integral part of the auditing exam, they also expressed to him the fundamental dignity every independent auditor was obligated to maintain and calling of the profession-namely, to help sustain the system of checks and balances on which capitalism has been based. Daniel Potter firmly believed that every independent auditor was obligated to maintain professional integrity, if what he believed to be the best economic system in the world...
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...Ethical and Moral Issues in Business Lenny L. Ocasio Reyes MGT/216 Organizational Ethics and Social Responsibility 3 de abril de 2012 Prof. Evelyn Muñoz Figueroa Ethical and Moral Issues in Business A pesar de que la moral y la ética se relacionan comúnmente con carácter individual, la ética y la moral se aplican también a los negocios. De acuerdo con la definición de la ética, la ética en los negocios centra más en la conducta a través de las expectativas, los principios y normas que rigen un individuo o grupo. La ética también hacen hincapié en un sistema social a la que la moral se aplican las buenas costumbres, sin influir en el comportamiento ético en el trabajo, nos topamos con cuestiones que afectan a la forma que los empleados realizan y se comportan. La moralidad consiste en las reglas de la conducta humana, y especifica que ciertas acciones son incorrectas o inmorales y que otros están en lo cierto o moralmente en lo incorrecto. La diferencia entre los problemas éticos y cuestiones morales se basa en el carácter de un individuo y su comportamiento en función de su entorno. En relación con el negocio, las cuestiones morales son la mala conducta individual en el lugar de trabajo. En los negocios se considera que es una actividad humana y los individuos pueden ser evaluados en esta actividad como cualquier otra actividad que los seres humanos participen. En los negocios, un fondo moral que se espera de las personas empleadas por los empleadores y cuando las...
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...BUSM1813: Law, Ethics and Sustainability Tutor: Doug Wotherspoon My wife and I recently moved to a village. Since our move there we have become very friendly with our nearest neighbour, who is an organic dairy farmer living with his wife and son. Ever since moving here the farmer has been very helpful in welcoming us to the neighbourhood, He has offered and done some work around the house and garden. I have been aware that he and his family are finding it particularly difficult in making ends meet, due to the fall in the price of milk. We recently had a conversation where the farmer has confided in me saying he has plans to sell some of his dairy herd. After further questioning, the farmer admits to use the money from the sale to convert one of his barns into accommodation suitable for the intensive rearing of chickens, this is where I am faced with an issue of ethics. The farmer plans on applying for a loan from the co-op bank of which I am a member, and saying that he intends to purchase solar panels with the loan. However, he intends to use all the money from the loan to buy a flock of chickens. Being a member of the Co-op and currently seeking to be a part of the Co-op council, I am faced with a dilema. In this case study I will be discussing and evaluating three different ethical theories to help make a final decision as to what is the best solution to this problem. I will be using ethical egoism, utilitarianism and ethics of right and justice. Ethical Egoism Ethical...
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...WHAT IS THE ETHICAL DILEMA FACING WAL-MART & COSTCO? Tamika Goodman Mr. Sherlock-Prince Ethical dilemma is defined as a complex situation that often involves an apparent mental conflict between moral imperatives, in which to obey one would result in transgressing another. Ethical dilemmas are aften cited in an attempt to refute an ethical syste, or moral code, as well as the worldview that encompasses or grows from it. Wal-Mart pushes it’s slogan “Always Low Prices”. Wal-Mart is the largest retail operation in history. . This company is the world's third largest public corporation, according to the Fortune Global 500 list in 2012. It is also the biggest private employer in the world with over two million employees, and is the largest retailer in the world. Walmart remains a family-owned business, as the company is controlled by the Walton family who own a 48% stake in Walmart. It is also one of the world's most valuable companies. Costco Wholesale Corporation is the seventh largest retailer in the world. As of July 2012[update], it was the fifth largest retailer in the United States, and the largest membership warehouse club chain in the United States. Both Companies are very succesful in selling every day essential needs to customers, and both companies are competitors against each other. The ethical dilemma facing both compaines is that each company have there own ethical principles, core beliefs and values on how the company is...
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...INTRODUCTION AND HISTORY HealthSouth Corporation is the nation’s largest provider of inpatient rehabilitative healthcare services1; it was founded in 1984 by Richard M Scrushy along with four other people as Amcare, Inc., it opened its first facility in Little Rock Arkansas and another one a year later in Birmingham Alabama. In 1986 the company went public and was listed on the NASDAQ Stock Exchange under ticker symbol HSRC. Throughout the 1980’s and 1990’s the company expanded rapidly through mergers and acquisitions. By 1992 the company had $400 Million in annual revenues and by the end of 1999 the company’s annual revenues exceed $1 Billion and it had expanded to 118 inpatient rehabilitation hospitals, 5 medical centers, 1,379 outpatient rehabilitation centers, 230 surgery centers, 129 diagnostic centers and 124 occupational medicine centers.2 HealthSouth has always participated actively in the Medicare program and they’ve received Medicare reimbursements since the eighties and nineties, to extent that over 40% of their revenues came from the Medicare program and beneficiaries in that time period, and in their more recent filings this percentage has increased to a whopping 70% in 2010.3-4 HealthSouth’s stock trades on the New York Stock Exchange (NYSE) under the ticker symbol HLS, with a December 9, 2011 closing price of $16.94, a market capitalization of roughly $1.61 Billion. In 2010 their revenues were $1.99 Billion and their Net Income $899 Million.5 From 1996...
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...and Background 2.2 Mission and Principle 3.0 Stakeholder Analysis 3.1 Ethical theory Section 2 4.0 Dilemmas 4.1 Starbucks Cup Recycling 4.2 Starbucks Coffee Bean 4.3 The Dorosin Issue 4.4 Breastfeeding in Starbucks 4.5 Financial Loss 4.6 Starbucks Water Waste Section 3 5.0 Best practice 5.1 Official Website / information 5.2 Stakeholders 5.3 Environment 5.4 CSR – Corporate Social Responsibility Section 4 6.0 Recommendations 1.0 Methodology In this report will show that the ethical issues facing by Starbucks and the solution which can help Starbucks overcome the issues of Starbucks facing. Except researched the official website of Starbucks, but also viewing external agencies and individuals, journals and text books. Based on these sources, so author will be able provide an overview with objectivity of Starbucks organization. Besides, author appoints a stakeholder analysis, appropriate theory for state the better ways for Starbucks organization. In the beginning, it will show the company history, background and principles of the Starbucks organization. Based on these information can be enhance reader more understanding the Starbucks organization and find out what has been done or done in future and why Starbucks make these decisions. 2.0 Introduction Business Ethics can be define as the examination of the variety of problems that can arise from the business environment, and how employees, management, and the corporation can deal with...
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... ------------------------------------------------- Top of Form Week 1: Business Ethics and International Responsibility - Discussion This week's graded topics relate to the following Terminal Course Objectives (TCOs): A | Given an organizational requirement to conform business practices to both the law and best ethical practices, apply appropriate ethical theories to shape a business decision. | I | Given specified circumstances of a business decision to expand to international markets, determine what international legal requirements or regulatory controls apply. | | Click on the links in the "Topics" section to view the discussion topics. Then, click "Respond" to add your thoughts to the discussion thread. | Topics | Introductions (not graded, but required) | The World Bank Situation (graded) | Ethics and Patent Rights Post 9/11 (graded) | Q & A Forum (not graded) | | The World Bank Situation (graded) | Class, please read Chapter 2, problem 5 from the Jennings text, p. 72. This week, we will discuss the Wolfowitz situation at the World Bank. Consider the questions at the end of the problem as you make comments in the threads this week. What are the ethics here? Was Wolfowitz trying to do the right thing? Does that make a difference ethically? Throughout the week, I will bring in further questions. Be sure to read the lecture and the international ethics article stated in your reading for the week as well. Rather than hitting the...
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