...216 Nathan Schmidt Discussion Week 1 What is the difference between morals and ethics in the workplace? Might something be ethical but immoral? What about unethical but moral? Which is more important to an organization, to be ethical or moral? Why? Morals and ethics relates to individual character, ethics, and morals but also applied in business world. Ethics stresses a social systems to which application of morals that influences ethical behavior at work whereas morality consists of rules of human behavior and specifies that certain behavior or actions are wrong or immoral and others are right or moral (De George, 2010). The decision’s one makes, whether it is for personal or professional reasons falls into either an ethical or moral decision making category. Morals define personal character. Moral decisions are based upon the beliefs of the individual while ethical decisions are guidelines, standards, and laws that affect the business professional’s decision-making process. In an ethical climate, people are held accountable and decisions are made based on what is in the best interest of the company or its employees and not what nets the greater financial gain for an individual at the expense of the company’s ethical fiber. Issues that arise in business can sometimes be ethical but immoral or vice versa. Business organizations face ethical and moral decisions daily. Ethics in business are central in the organization as it provides standards that form the moral integrity...
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...Managing Ethical Decision Making in the Workplace James E. Gleason BUS 275-H01 Calhoun Community College Abstract Business leaders struggle to balance the desire for profit and maximum shareholder return with corporate ethics and social responsibility. Unfortunately, short-term financial bottom line has taken the place of maintaining strong moral character in today’s business practices. In the United States alone, about two-thirds of the top corporations have been guilty of some type of corporate malfeasance. In the face of both damaging and publicly embarrassing litigation, business leaders now recognize the need for sound, straightforward ethics management programs in their companies that makes ethical business practices a top priority at all times. Top executives must lead by example and actively and willingly encourage ethical behavior in their peers as well as employees. The need for stronger ethics in business has prompted business schools to critically examine their business curricula and place greater teaching emphasis on ethics and social responsibility to ensure future generations of new business graduates enter the workforce with the highest moral standards. Keywords: ethics, social responsibility, malfeasance, business schools, business curricula Managing Ethical Decision Making in the Workplace Introduction Ensuring that the necessary steps are taken to create and foster a high level of ethics in the business practices of the workplace is critically...
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...Business Research Ethics William Stadler RES/351 04/15/2015 Jonte Lee Business Research: Ethical Research Guidelines When performing research the idea behind this process is developing new ideas from information gathered that not obvious or able to be seen by the human eye. “Forward-thinking executives recognize that analytics may be the only true source of sustainable advantage since it empowers employees at all levels of an organization with information to help them make smarter decisions” (Cooper & Schindler, 2014, Chapter 1, Research in Business, Learning Objectives). It is important for managers to have access to as much information as possible in order to perform business research and it is equally important for management to do business research in an ethical manner. The following paper will discuss an article called Business research in India, summarize what unethical research practices should be avoided, which parties could face injury or what injuries could occur to these parties, how unethical behavior could affect the organization, individual, and society, and how unethical behavior could be monitored or resolved if found occurring. Business Research in India and Ethical Research Guidelines The purpose of the article, Business research in India, was to study the progress of business research done in India. The analysts use a biblio-metric approach which is a combination of multiple articles, publications, journals, etc...
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...expectations than ever before. They want products to match these expectations. They also want accurate, up-to-date and useful information about what they buy. In short, consumers want the facts. This growth of consumer power is known as consumerism. CURRICULUM TOPICS • Market orientation • Business ethics • Business communications • Value chain • Product positioning GLOSSARY Consumerism: situation in which consumers of products exert power and develop consumer rights. Fast moving consumer goods (FMCG): wide range of everyday consumer products. Marketing orientation: focusing an organisation upon the needs of its customers. Market research: gathering, recording and analysis of data obtained from consumers and markets. Guideline Daily Amounts (GDA): guidelines for healthy adults and children on the average amount of nutrients that they should consume over an average day. Corporate responsibility: the wider responsibility of a business or organisation. Responsibility to a range of stakeholders including the community & society at large. Trade association: independent body that works with suppliers within an industry. In the area of fast moving consumer goods (FMCG), marketing has become a specialised and complex process. When developing products, organisations try to meet the needs of their consumers as fully as possible. This is vital if they want to do better than their competitors. This process of development around the needs of its consumers is called marketing orientation...
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...This task will explore the ethical guidelines to be complied by psychologists in research and analysed the issues as well as importance to conform why it must be followed at all times. Ethical guidelines have become a vital part of modern psychology with regards to extensive reviews of the researches before it can be implemented, as noted in (The Ethical Principles for Conducting Research with Human Participant). The purpose of these guideline is to protect research participants, the reputation of psychology and psychologist themselves. At the outset, researchers must obtain the informed consent all participants to encourage consensual agreement. However, some areas of the research are left untold due to validity of the outcome. Therefore, it can be claimed that it does not always occur. The participants must have a debrief at the end of research to have a good frame of mind and to remove any worries with sense of dignity and views. For example, subjects of Milgram (1963) were offered a good aftercare indicating no further harm to all learners. Researches must ensure participant are protected to avoid causing distress. However, this has not always been the case in some researching. For example, It could be debated in Bandura et al. (1961)- Bobo Doll experiment. that aggression could have profound effect in the child’s life when it being learned. Ideally, there must be a degree of honesty to all participant about the actual research however some section of the research...
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...in operating income. Ensuring the product is environmentally safe and the best quality could help the company to become the innovative leaders in the market. We will develop a team that is focused on innovation and creation of a roadmap containing dates specific to the goals listed above. Our goal is to reduce operating costs, become partners with Kudler foods, and drive the culture to obtaining the best quality products where goals and limitations are always increasing. What role should ethical and social responsibility considerations have in Riordan’s strategic management plan? Ethics is defined as the process of evaluating problems that are within the business environment and is related to the employees, management, and corporation. Enabling a company a balance between the ethical and social responsibilities can be tough because there is a need to make profit while ensuring that all shareholders, management, and employees will be satisfied with the business. The role for ethical responsibility should be maintained through legal measurements and analysis every couple of months, maybe per quarter. Maintaining a solid level of growth is essential to the business and providing more healthy growth in business will allow the company a...
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...poor and corruption are high. All these factories that are been built around the world have led to mangers communicating with one another which can cause cultural conflict. The reason for the conflict is examines in an article called the cultural roots of ethical conflicts in global business. I grew up in Nigeria where the author wrote is far more corrupt than Finland. “Many of the people inhabiting poorer countries are more concerned with survival than success, the argument goes, and higher ethical standards are often considered a luxury people cannot afford" (Sanchez-Runde, Nardon and Steers 2013). For example, in Nigeria it is highly unlikely to import a product into the country without paying some kind of bribe to officials at the port authority who are paid low wages, and have to supplement their income with bribery for survival. A manger in Nigeria who works for a global industry will factor the cost of the bribery, and add the cost to the clearing of the product from the port authority despite it been an unethical practice. “In fact, recent research shows that cultural differences influence both the ethical business profiles of people from other cultures (Gift et al.2013) and how we interpret and characterize ethical cases and scenarios (Kuntz...
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...the store gets the benefit of Imelda’s purchases, or should he stand firm that only Tom is available to sell her shoes? What legal and ethical issues arise in this case, and what legal and ethical principles guide this decision? What choice do you make and why? In any business, a written policy can avoid or prevent lawsuits. The shoe store chain has clearly established that the rotation of two employees daily or weekly will occur in the store to create fairness in commission sales. In addition, if only two employees are present one works in the back of the store and the other works in front, this clearly creates fairness of commissions earned (pay), good business ethics practice. Working in sales requires a lot of personal judgment from a company representative. By its nature, the job relies heavily on social relationships and on persuasion. Sales people also usually work on commission; if they do not make the sale, they lose cash. In the wrong hands, these elements can lead to unethical behavior, causing undue pressure on customers or vendors. Ethical behavior and doing the correct or right thing is at the forefront for salespeople today. Subsequently ethical performance is an individual process and training development related issues are important. Salespeople require guidelines on ethical, equality and discrimination issues. The guidelines should be formulated and clearly communicated to help employees to effectively deal with situations of equal pay, fairness, and or discrimination...
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...Ethics Paper By Ben Parks Introduction Every successful business has considered a role in reporting practices and ethics to be a significant part to their success. For many companies it can be a difficult burden when faced with the ethical compliance and accuracy for financial management. In this paper we can discuss the basic elements of financial management reporting practices and ethical standards in a health care world that is reforming as we speak. With great amount of changes will comes accountability to everyone inner and outer of the organization. This subject will explain the elements of financial management, general financial ethical standards, and will oversee some corporate scandals involving ethics, fraud, and abuse. The way an organization correlates, organizes, and prepares the reports for its financial information is part of its financial practices that it adheres too in order to accomplish the goals for its ethical standards. Today’s health care plans play a very important role in financial management. A company would be unable to operate without proper financial planning. The importance of storing and tracking all accounting records while being up to date will be the main factor as to whether the guidelines are being followed. This also allows the outer management to determine how the company is doing as a whole and also be aware as to where most of the funding is going. With new procedures coming out with new equipment the overhead cost need to...
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...standards of social or professional behavior”. ("The free dictionary,") There are many situations that can lead to unethical practices and behaviors within the accounting profession. The Sarbanes Oxley Act of 2002 was put into effect to prevent a lot of these unethical practices. In every business owner’s life, there comes a time when a decision must be made, that if is made in favor of the company and/or for personal benefit will be considered unethical. The business owner is the person who sets the standard for his/her company. He/she is the person who sets up guidelines that demonstrate the contrast between ethical and unethical values and behavior, establishing the first step in creating a company culture emphasizing and reinforcing ethical standards. In the accounting industry, professionals not only have the standard practices of accounting but also, board accountancy rules, such as SOX and GAAP, when creating ethical standards. Federal and state laws play a big consideration during this time. Such a time came for CFO of Excello Telecommunications when he considered inappropriately posting a $2.1 million transaction to boost year-end earnings. At the end of 2010, Excello faced the possibility of not meeting earnings estimates, which affects bonuses, stock options, and shareholders’ earnings (Mintz & Morris, 2011). At this time CFO Terry Reed learned about a transaction that would be recorded as a sale but the buyer requested that Excello hold on to the product until...
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...in any way. Harm to a client can be intentional or unintentional such as abusing the therapeutic relationship for personal gain or not exploring a conversation about suicide with a client due to one’s discomfort with the topic. Practicing outside of one’s area of specialty is another way harm can be imposed on a client. It is the responsibility of the counselor to make themselves aware of how their interventions can have both seen and unforeseen consequences to the client. Consequently, beneficence states that the counselor assists the client in their personal growth through proactive measures. This should be done without the client losing their sense of autonomy or voice. The fourth principle of Kitchener’s guide to ethical decision making is justice. Corey et al.(2003), defines justice as the means for providing fair and equal treatment to all people. The counselor should evaluate personal beliefs and values that might cause discrimination to the client because of their race, cultural heritage, gender and/or preference or disability. The counselor is required to become sensitive to the diverse needs of their client population and plan...
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...there has been a growing interest in cooperate ethical performance. Some reasons for this trend include the increasing lack of confidence regarding corporate activities, the growing emphasis on quality of life issues, a wave of recent cooperate scandals at prominent firms, globalization of organizations and the introduction of a strategic approach. In all of this, HR professionals and in some companies, ethics officers have and continue to play a vital role in ethics for human resource management. Research suggests that successful ethics management depends more on employees' perceptions of fairness, ethical leadership at all levels, and the alignment of multiple formal and informal cultural systems to support ethical conduct than it does on formal ethics programmes. HR professionals must play a key role in ethics management using HR systems to invoke fairness and ensure organizational harmony. Definitions Ethics as defined by the Webster Dictionary is a branch of philosophy dealing with values relating to human conduct with respect to the rightness or wrongness of certain action. A useful definition advanced by the writer is that ethics is a standard of right and wrong driven to an extent by what humans ought to do, usually in terms of rights, benefits to society, fairness or specific virtues. The Role of the Ethics Officer Typically an ethics officer is responsible for developing an organization's ethics policies, creating communication related to the organization's code...
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...child-targeted advertising. Segall (2000) also stated child-targeted advertising accounted for over 50 percent of all financial returns directly related to marketing and advertising. If marketing to children has become unethical, and it has been proven unethical by various business ethic commissions, sociologists, and psychologists, then the question arises to why does the practice continue. Segall (2000) stated, while companies have become dependent on large revenues related to child advertising, they will need to continue with a blind eye to the issue because they have become so financially dependent on the youth market, that they fear making an ethical change could collapse their business financially....
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...Importance of Ethical Decision Making Introduction In a company, ethical decision making is very important and required because it’s a strategy to face and resolve all different dilemmas that all the levels and departments of the company may encounter. In our current toy company, ethical decisions making is essential and required to face and resolve all different types of obstacles. But first, I need to take a step back in explaining the core meaning and attributes of an ethical decision making, In order to best understand the purpose of this particular report. Purpose The purpose of this report is to provide and discuss two strategies that the toy company could utilize to ensure that ethical decision takes place in all levels and departments of the company. Creating and introducing a “code of ethics” for the toy company would be the very first implementation. This would serve as an employee manual and guide as to doing things and managing company products and manufacturing. Employees are more liable to follow regulations when there is a standard that is required of all that is employed by the company. Secondly the company must higher “Compliance managers” whose responsibility is to strictly monitor and guide employers, department by department oh how to hold a higher standard of operation and product. It is of the highest importance for the company to constantly produce products with integrity and reputation in mind therefore having a certain set of people roaming the facility...
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...third- largest insurer of homeowners and car insurance and offers lots of other different insurance and financial services (Farmers, 2012). Abiding by a code of ethics was of great importance to co-founders Jack Tyler and Thomas Leavey. In the insurance industry, most concerns that policyholders express are, “Will I Be Covered” and “Will I Be Compensated Fairly”. Ideally, Farmers Insurance found dedication in following a set of core values that parent company Zurich established for agents, brokers, investors, and employees to abide by that would allow business operations to flourish and remain stable in even the most uncertain times. Farmers Insurance focuses on several core components that represent ethical democracy; honesty, customer centricity, creating sustainable value, excellence, and teamwork is significant elements. Compliance with laws, regulations, internal standards, and remaining forthright in all business interactions builds business relationships that are honest and enduring. Enriching customer relationships remains a top priority; therefore evaluating customer experience and suggestions to improve current business practices nourishes the organizational...
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