...Organizations to be morally correct in the way that they conduct their business and corporate activities. Companies with strong ethics programs have found that these efforts can reduce potential costly fines, decrease vulnerability, improve reputation, provide access to capital, favorably influence their bottom line, positively affect their employees' commitment to work and enhance customer loyalty (The importance of being ethical 2000). One of the most important perks of being ethically correct is the potential avoidance of fines and extra legal costs that the organizations could incur by avoiding their moral and ethical duties towards their customers and also to society at large, which along with the goodwill that comes with being an ethical company boosts the potential of profitability of the organization. Companies and their employees are required to comply with national, international, and local laws governing their operation. Failure to comply with these standards can be costly in terms of time, resources, brand image and employee and customer loyalty. In addition, the development of strong ethics initiatives can greatly reduce the chance of fines resulting from wrongful, fraudulent, discriminatory or illegal activities (The importance of being ethical 2000). Hiring ethical people is one of the most important factors involved in creating and sustaining an ethical organization, if not, the most as ethics is directly concerned with human interaction and behaviour. It therefore...
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...MBA 6301, Business Ethics Course Syllabus Course Description Explores the role of individual, business, and government activities related to ethically responsible commerce and socially beneficial business activity. Prerequisites None Course Textbook Stanwick, P. A., & Stanwick, S. D. (2014). Understanding business ethics (2nd ed.). Thousand Oaks, CA: Sage. Course Learning Outcomes Upon completion of this course, students should be able to: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Analyze the concepts of business ethics from a personal and an organizational perspective. Assess the ethical issues facing business leaders. Evaluate and distinguish between the concepts of social responsibility, integrity, and business ethics. Explain the framework required to make ethical decisions in today's business environment and how it improves the business climate. Summarize how moral philosophies, on a corporate and individual level, influence ethical decision-making in business. Analyze the influence of corporate culture, including leadership, power, and motivation, on business ethics in the workplace. Explain the pressures that influence ethical decision making in the organization. Evaluate the need for ethical standards, codes of ethics and practices in business. Assess the auditing process to assure ethical practices are being followed. Analyze the role that culture plays in global business ethics. Credits Upon completion of this course, the students...
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...at Berkeley Law Scholarship Repository. It has been accepted for inclusion in Berkeley Journal of International Law by an authorized administrator of Berkeley Law Scholarship Repository. For more information, please contact jcera@law.berkeley.edu. Gill: Corporate Governance as Social Responsibility: A Research Agenda Corporate Governance as Social Responsibility: A Research Agenda By Amiram Gill* In the post-Enron years, corporate governance has shifted from its traditional focus on agency conflicts to address issues of ethics, accountability, transparency,and disclosure. Moreover, corporate social responsibility (CSR) has increasinglyfocused on corporate governance as a vehicle for incorporating social and environmental concerns into the business decision-making process, benefiting not only financial investors but also employees, consumers, and communities. Currently, corporate governance is being linked more and more with business practices and public policies that are stakeholder-friendly. This Article examines these developments and their impact on the formulation of a transnationalbody of legal norms by proceeding in three stages. First,the Article explores the recent transformations in the regulation of corporate governance and CSR and the shifts these two fields have experienced. Second, it reads these transformationsas a convergence, taking place against the backgroundof...
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...com/product/acc-260-week-1-checkpoint/ Contact us at: nerdypupil@gmail.com ACC 260 WEEK 1 CHECKPOINT CheckPoint: Ethics in the Accounting Profession • Resource: Business & Professional Ethics • Due Date: Day 5 [post to the Individual forum] • Answer questions 13 and 14 on p. 25 of the text. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 260 Week 1 Checkpoint in order to ace their studies. ACC 260 WEEK 1 CHECKPOINT To purchase this visit here: http://www.nerdypupil.com/product/acc-260-week-1-checkpoint/ Contact us at: nerdypupil@gmail.com ACC 260 WEEK 1 CHECKPOINT CheckPoint: Ethics in the Accounting Profession • Resource: Business & Professional Ethics • Due Date: Day 5 [post to the Individual forum] • Answer questions 13 and 14 on p. 25 of the text. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 260 Week 1 Checkpoint in order to ace their studies. ACC 260 WEEK 1 CHECKPOINT To purchase this visit here: http://www.nerdypupil.com/product/acc-260-week-1-checkpoint/ Contact us at: nerdypupil@gmail.com ACC 260 WEEK 1 CHECKPOINT CheckPoint: Ethics in the Accounting Profession • Resource: Business & Professional Ethics • Due Date: Day 5 [post to the Individual forum] • Answer questions 13 and 14 on p. 25 of the text. Home Work Hour aims to provide quality study notes and tutorials to the students of ACC 260 Week 1 Checkpoint in order to ace their studies. ACC 260 WEEK 1 CHECKPOINT ...
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...TopicsAcceptance EssaysArtsCustom PapersEnglishForeignHistoryMiscellaneousMoviesMusicNovelsPeoplePoliticsReligionScienceSportsTechnology Business Ethics What is business ethics? According to International Business Ethics Institute, understanding business ethics can be problematic in the sense that, this field is vast, often encompassing many concerns such as corporate governance, social responsibility, reputation management, accurate accounting and audits, fair labor practices and environmental stewardship to name a few. Moreover, it generally addresses the entire scope of responsibilities and obligations that a company has to each of its stakeholders like clients, employees, shareholders, suppliers and the community. To simply define business ethics, it is a form of applied ethics where it inculcates a sense within a company’s employees on how to conduct business responsibly. Business ethics seems easy to understand but when you get to the real one, you could find yourself in a confusing situation. Since the term ethics can pose many definitions in a broad context and it can be difficult to find a common understanding of the term, hence, most companies refer the concept of the term ethics as integrity, business practices or responsible business conduct. After you have known the basic definition of business ethics, you would now begin to know the business ethics of a chosen company. This paper aims to give some views on how Hewlett-Packard, an international company which provides mostly...
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...Hotel Management Business Ethics HM 04/28 Module Handbook 2011-2012 Module Leader: Rakesh Katyayani Email: rakesh.katyayani@tajhotels.com rakesh.katyayani @ihma.ac.in HM 04 / 28 Business Ethics Introduction: This module examines the values and value conflicts inherent in the modern practices of the business world, investigates the major philosophical issues that challenge the conduct of ethics as a rational enterprise, exposes students to major traditions in philosophical normative ethics and applies those traditions to specific value conflicts in the business world. A critical thinking component is included in the course. Specific problems relating to topics such as corporate responsibility, employee rights, and the nature of the free enterprise system, environmental concern and ethical business practices. In deciding how to act, managers reveal their inner values, test their commitment to those values, and ultimately shape their characters. In general, Ethics is both an academic “subject” and a thoughtful way of doing things. Theoretical Ethics is that branch of Philosophy concerned with determining what is right (with regard to principles and actions) and what is good (what ends or ideals are worth pursuing and what values are worth holding). Practical Ethics is the art or techne (know-how) of figuring out how to make things better rather than worse with regard to concrete or actual situations. Business Ethics is a type of applied ethics. As such, it is...
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...Compliance Officer In Accenture’s ethics and compliance program, the company uses six “core values” of stewardship, best people, client value creation, one global network, respect for the individual and integrity. Douglas Scrivner, General Counsel at Accenture, says that ethics and compliance can’t be effective if they’re only seen as “bolt-ons,” or something that is only done at the end of the day after the “regular work” is complete. “We aim to put ethics and compliance into the way our people work and lead. We seek to leverage existing processes, procedures, structures and functions to ensure the outcomes we are expecting and alignment with the goals of the organization,” says Scrivner. To better understand how the company’s ethics and compliance program is being received by employees, Accenture uses employee surveys, risk assessments and results of corporate investigations. Scrivner notes that in a recent survey, over 90 percent of employees feel that Accenture is highly ethical and that the company’s commitment to integrity has been communicated to the whole company. “Those are excellent scores for a company of more than 181,000 people,” Scrivner says. “We haven’t arrived at the end of our journey (and never will), but I am confident that we continue to move in the right direction and continually reinforce our commitment and our expectations in this area.” Caterpillar Ed Scott, Chief Ethics & Compliance Officer Ed Scott, Chief Ethics and Compliance Officer at Caterpillar...
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...Business Ethics across Cultures Jeff Christison XMGT 216 / Organizational Ethics and social Responsibility (AXIA) Carolyn A. Fuentes December 5th, 2010 The first country I chose to research was Germany. I chose them because the world already knows about their personal morals and ethics in history, and how they could be swayed by one individual. They systematically set their morals aside and allowed one man to dictate the country’s ethical stand. They were subsequently able to recover and even improve what had been so easily given away. When it comes to current ethics in German businesses, they are becoming more and more influenced by American business and international trade. While Germany had, in the past, been recognized as a model for personal and business ethics, it was a little more than fifteen years ago that their clean image began to show signs of wear. It is hard to know for sure, though, if it is a case of new issues with ethics, or if globalization is simply shedding a new light on an age old problem. It seems feasible, to me, that businesses have been dealing with their own issues without allowing the public to have knowledge of what is going on. Even with their clean image they have been allowed to practice behaviors that other countries see as illegal. “For example, insider stock trading became illegal only this year, as the Government and investment community tried to respond to pressure from international investors” (Nash, 1995, para. 15). ...
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...Friedman, and Murphey Business Ethics Ethics in business is an extremely important matter that continues to be discussed in many organizations today. There are even many businesses that offer formal ethical training and believe in it vital to their business’s success. However, it can be proven that several professionals have different views on what is exactly ethical in business. Three professionals with different points of views regarding what is ethical in business include Peter Drucker, Milton Friedman, and Patrick Murphy. Peter Drucker Peter Drucker’s view on all ethical dilemmas is primum non nocere. This motto, taken from the medical profession, can be translated to mean “Above all do no harm” (Jennings, 2012). In other words, Dr. Drucker believed that people should make decisions that would not bring harm to other people. He, like many other management professionals, understood the many approaches philosophers have taken to understand ethics. However, he wanted to show how and where business ethics fit into the conflicting rules of ethics and human behavior. Ethics of Prudence and Self Development Dr. Drucker used his experience as a philosophy and a religion professor as well as his experience answering difficult ethical political questions as a method of drawing his conclusion regarding ethics in business. He believed that a major tradition of ethics in the West, Ethics of Prudence” would prove to be valuable in understanding business ethics. He noted that Senator...
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...Operating in International Markets” (journal of business ethics) Authors: Kerry L. Pedigo, Verena Marshall Aims/ objectives: Within this article we will discover the ethical dilemmas that go on within three different businesses in Australia, there will be numerous ways to discover the ethical dilemmas and hey they are dealt with plus compare all three different businesses with their ethical dilemmas. Methodology: The results in this article are mostly used from one on one interviews with the Australian corporate managers, within the interview they were requested to talk about what ethical dilemmas that they may or may not have experienced as a manger. The face-to-face interviews would range between 1 hour to 2, while this interview was taken place there would be notes been taken in each interview, the journal contained an extensive and detailed recording of the whole interview. Furthermore another research method that was used was Critical Incident Technique (CIT). Regarding the CIT it is a research method where you gather a collection data, reflection or anecdotes to discover resolutions to numerous concerns, within a precise situation. Findings: In this article the authors exposed that the vital predicaments that challenged Australian managers involved: “bribery, breach of contract, abuse of human rights, and loss of confidentiality.” (Journal of business ethics) Because of these predicaments it caused all business establishments to be inspected as the key...
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...ACC3101 Student Activities Module 5 Solutions SUGGESTED ANSWERS TO DISCUSSION QUESTIONS Discussion Questions P 11.13 Prepare a DFD context, Level 0 [pic] [pic] P 11.10 Prepare a Document flowchart [pic] Ethics Use Stakeholder analysis framework to answer the ethical dilemma below (Horngren et al 5th ed p128) The net profit of Bynum & Hobbs, a department store, decreased sharply during the first part of 2008. Ron Bynum, owner of the store, anticipated the need for a bank loan in the last months of 2008. In June 2008, Bynum instructs the store’s accountant to record a $6 000 sale of furniture to the Bynum family, even though the goods won’t be shipped from the manufacturer until July 2008. Recommended stakeholder analysis steps: (NOTE: this is a full answer but you may have other issues and or recommendations to make. Words in BOLD are key statements to make for gaining marks in an exam.) 1. Recognise the ethical situation/dilemma. The owner is proposing an unethical treatment of revenue. Bynum & Hobbs a department store that expects to seek a loan in the future due to downturn of business, so the change is likely to be material if a $6 000 sale will make all the difference to getting or not getting the loan. Revenue must be recognised when it is earned. This occurs when ‘the seller has transferred to the buyer the significant risk and rewards of ownership’, in other words when the goods are delivered (AASB 118, para...
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...ENRON AND UNETHICAL BEHAVIOR By SHERNITA JONES INSTRUCTOR ALFRED GREENFIELD ACC 557 FINANCIAL ACCOUNTING 10/27/2013 This paper will describe the following: 1) Corporate ethical breaches in recent times, assess whether or not one believe that current business and regulatory environment is more conducive to ethical behavior. 2) Describe the organization, the accounting ethical breach and the impact to the organization related to ethical breach. 3) Determine how the organization ethical issue was detected and how management failed to an ethical environment. 4) Analyze the accounts impacted and / or accounting guidelines violated and the resulting impact to the business operation. 5) As CFO, recommend which measures could have been taken to prevent this ethical breach and how each measure should be implemented in the future. Establishing principles for ethical behavior frequently starts with a policy on ethics. Businesses acquire a policy on ethics to guide their measures and to set up a general meaning of correct versus incorrect. According to the American Library Association, code of ethics is a handbook for suitable behavior (2012). Given the corporate ethical breaches in recent times, existing businesses and regulatory environment is more conductive behavior because some companies and managers feel as though they can get away with it. The unpredictable increase and collapse of the Enron Company set off a...
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...Ethical Issues Regarding System Administrators Physicians, lawyers and unequal professionals whose occupation obligations affect others’ lives oftentimes obtain, as model of their prescribed teaching, courses those superscription ethical matters widespread to their professions. Heartfelt faith bludgeon usually have get access to much confidential facts besides figures and certainty about persons’ and companies’ systems and plot that bestow them a high rise deal of command. That power can serve abused, either deliberately or inadvertently. Associations and organizations for bona fide pros are starting to directions the forthright side of the job, but afresh, qualified is no devoir for IT concern personnel to pertain to those organizations. The learning and training of scheme administrator, encompassing security experts, much focuses on mechanical confidence and abilities. You discover how to perform tasks, but with yielding explanation of how that adeptness can exhibit misused. Ascendancy detail, many scheme administrators approach their work keep from a hacker’s viewpoint: apparatus you fault do, you deserve to do. I am utilizing the phrase “hacker” access the natural rampant significance, pertaining to “black head covering” hackers who use their abilities to disjunction interestedness schemes and do access to tidings and programs without the permission of the proprietors. I am well aware that the term initially mentioned to anyone with sophisticated programming abilities,...
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...Business Research Ethics RES/351 Business Research October 19,2015 Business Research Ethics “It’s not hard to make decisions when you know what your values are.” – Roy Disney {Nephew of Walt Disney} Ethics in business research set the standards in which researchers use to guide them; these standards build trust not just by the honesty of a researchers work but also in their integrity in the method that they use. Without ethics a researcher’s process could prove to have great ramifications. Ethical business researcher’s core value is responsibility and honesty. Researchers are aware of who can be affected should their work not be of the highest quality. Research is used for and is relied on for such things as product safety or as a guide in a particular market. Every step that is taken in the research process begins with the information that is gathered, documented, and even published so deviations may be within the law but are considered to be unethical practices. It is through researchers that new developments are made and may lead to better insight in things that others have already shed light and gathered information on. It is not uncommon for some researchers to taster between what is ethical and what is considered unethical. A psychology professor and scientist from Harvard University by the name of Marc Hauser had crossed the line between what was ethical and what was not. In an article that the Harvard Crimson ran September 2012 it stated that after a two year...
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...Business Ethics I have chosen to write my paper on business ethics and the different things that are being done to improve ethics in the business world. This tends to be the majority of what our book has focused on and what much of the corporate world is spending tons of resources to improve. I think much of the hype for improving business ethics stems from the most recent economic downturn in the world and America especially. This has led people to realize that corruption and unethical behavior was behind much of the financial meltdown that happened. People greed and selfish behavior led to doing bad business. That being said the government also had much to do with the business world becoming corrupt as well they seemed to promote this unhealthy greed and made people do the unethical decisions upon the basis that it felt good. It was the governments idea that everyone needed a home and should have a right because they live in America to own that home. Somewhere we forgot that owning a home has an ethical side to it as well. The ethics of owning a home are that a person makes a commitment to buy a home at a price and are obligated to pay for that home. An Ethical person would do everything necessary to pay for that home and honor the deal they made. On another Ethics note related to home mortgages if you look at the ethics of the lenders who are a business and the poor ethics that they maintained. An ethical company would not have given loans to people who could not afford...
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