...Ethical and Moral Issues in Business Carlos I. Maldonado MGT 216 Organization Ethics and Social Responsibility February 3, 2011 University of Phoenix Ethical and Moral Issues in Business Moral and ethical issues are always present on each morning newspaper, the daily news, and on our surroundings. They confront us in the fundamentals of our daily jobs and encounter us from our children's daily school activities. We are daily bombarded with discussions of drug abuse, the morality of medical technologies that can prolong our lives, the rights of the homeless and abortion, the fairness of our children's teachers to the diverse students in their classrooms, and sexual morality. Dealing with these moral and ethical issues is often perplexing especially when individuals are trying to think through an ethical issue and determine what questions to ask and what factors should be considered. Morality is a term used to cover those practices and activities that are considered importantly right and wrong; the rules that govern those activities; and the values that are embedded, fostered, or pursued by those activities and practices (Richard T. De George, 2010). Ethical or moral norms apply in business, just as they do in all other areas of human life. There is not separate or esoteric set of norms that apply to business and do not apply elsewhere. People in business are no more allowed to cheat, steal, lie, harm others, violate their rights, and so on, than anyone else. People...
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...Ethical Issues MGT/216 10/24/2011 Jennifer Stephens Ethical Issues Business ethics are a set of ethics that a business, a group of businesses, or an organization of any kind sets for themselves. These ethical standards are usually similar throughout the business world with varying degrees of differences. Unfortunately, the manner in which ethics are adhered to varies from business to business. Usually businesses are started and maintained with one major goal in mind, make a profit. Economist Milton Friedman stated that “management should make as much money as possible while conforming to the basic rules of society…” (University of Phoenix, 2007, para. 43). ). Unfortunately, this driving factor causes some businesses to set aside what is ethical to meet their financial goals. This happens to varying degrees, and the effects can be as minor as a guilty conscience or as serious as a death. Chapter two of the text tells a story about a man that spent a summer in the late 1960s handling asbestos, which later caused his untimely death (University of Phoenix, 2007). This would not have been an ethical issue if the business that this individual worked for had not been aware of the dangers of asbestos; however, the corporation did understand the dangers of it, and therefore this was a gross misjudgment in ethical behavior. Businesses face many challenges internally. It is a constant challenge for businesses to practice and maintain proper ethics company wide...
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...Ethical Issues In Management Ethical Issues in Management Jaceson Bradford MGT 216 May 3, 2010 Bill Link Introduction In today’s workplace it is important to understand how making an accurate hiring decision can affect the organization. With jobs becoming increasingly difficult to arrive at because of the economy, applicants for employment are willing to misrepresent their credentials in the application process. Managers are faced with ethical and legal aspects of hiring along with social issues that make ethically responsible management practices increasingly important. This paper will provide information about ethical and legal aspects associated with hiring and provide moral and ethical issues faced by managers. This paper will also describe the relationship between social issues and ethically responsible practices that relate to hiring. Moral and Ethical Issues Many people don’t understand the cost related to making a poor hiring decision. From productivity, customer service, and liability prospective have been widely studied and has been estimated to be three times the annual salary of the individual involved (Calvasina, Calvasina, & Calvasina 2008). Therefore, it is important for managers to make their decisions of an applicant based on skills as well as moral and ethical values. It is very difficult at times for managers because their responsibilities include not only hiring, but also promotion, conduct of employees, and motivation. But it is even more...
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...MGT/230_ Wk3_Management Planning MGT/230 April 15, 2013 Management Planning As today’s leading energy company, British Petroleum, PLC (BP) has been thriving to satisfy the investors with legal, ethical, and social responsibility issues as a corporation while protecting employees and environment. The global economy has been fluctuating rapidly since the last tragic incident that happened in 2010; therefore, now is the time to evaluate the organization’s management planning function, analyze the influence that have had on management planning at BP, and analyze the factors that influence the company’s strategic, tactical, operational and contingency planning. Planning Function of Management The board of directors have played valuable role in both planning and decision making process at BP since the incident in 2010. Although BP had fully engaged to solve the issues from the incident by using top level skills and taking appropriate measures, the lesson BP learned was, in such a painful manner, that there are substantial financial risk accompany poor decisions and planning which was losing $30 billion, according to Marianne M. Jennings (Jennings, 2010). Therefore, BP plc is adopting a new basic planning process that was introduced by Bateman and Snell: situational analysis, alternative goals and plans, goal and plan evaluation, goal and plan selection, implementation, and monitor and control that moves not just in one direction, but in a cycle (Bateman & Snell...
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...Mc Fadden MGT/330 BSHS/University of Phoenix December 20, 2011 Mr. Patrick Bliss Management Planning Paper Tyco Management Planning Management Planning is a process that starts from the time an organization begins to develop their mission and goals. Management Planning identifies what goals the company wants to achieve. Legal and ethical issues are affecting management and the way an organization wants to grow. Applying the strategic method of management planning Tyco has developed a well-rounded, ethical, and moral way of conducting business that they not only expect of themselves but also other suppliers and organizations that Tyco affiliates. Tyco Beginning With a Ph. D. from Harvard, Arthur Rosenburg had a research laboratory in Waltham, Massachusetts and did experimental work for the government. Two years later in 1960, Arthur Rosenburg founded Tyco in 1960 and based in Pembroke, Bermuda. Rosenburg assembled a team of top researchers and Tyco developed high-tech products. Tyco International Ltd., together with its subsidiaries provides security products and services, fire protection and detection products and services, values and controls, other industrial products, electronics and healthcare products to customers worldwide. One of its best known subsidiary is ADT Worldwide, which designs, sells, installs, services and monitors electronic security systems for residential, commercial, industrial and governmental customers” ("Tyco International Mgt. Planning...
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...Principles of Management MGT-350 Instructor: Shawn M. Russell Spring 2010 Wednesday 6-8:45pm, Cameron Hall 214 Office: Cameron Hall 200F Phone: 910.962.2195 Office Hours: By appointment E-mail: russells@uncw.edu Course Description: Study of theories, research and concepts underlying the structure and processes of complex organizations. Emphasis is placed on problem-solving issues and applications in organization planning, leadership, motivation, and interpersonal communication. Course Objectives: This course surveys various perspectives of how a manager can better plan, organize, lead, evaluate and coordinate his/her organization. You should begin to develop your approach or style for the successful management of human, financial, and societal resources in business organizations. Development of critical thinking skills, problem solving skills, communication skills, and the ability to adapt to change are emphasized. Course Prerequisites: Junior standing. Required Text: Understanding Management, sixth ed. By Daft & Marcic. South-Western, 2009. Please bring your textbook to class every day as we will be completing exercises from the text during class time. Students have access to an on-line library through CengageNow. Course policies: 1. Class attendance and participation in discussion of exercises, current events and chapter...
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...Ethics Paper Mgt/498 July 4, 2012 Ethics Paper Companies must accept responsible for the consequences of the actions and pass these ethics policies to their employees. “A 2007 survey of global executives by The Economist Intelligence Unit found that the percentage of companies given either high or very priority to corporate ethics and social responsibility had risen from less than 40% in 2004 to 50% 2007 and still rising” (Wheelan, 2010 p. 74). The author of this paper will discuss how the role of ethics and social responsibility will effective stakeholders and society. In addition, the author will discuss how the Arthur Andersen Corporation overstepped their ethical boundaries to their stakeholders. Ethics and Social Responsibilities Ethics spells out the important in order to achieve a specific result within the organization in existing or occurring issues. Moreover, the way people as a society make ethical decisions in his or her personal lives, is not necessarily the same way they make decisions in a business environment. Upper management implements ethical policies for all employees, this information should be updated continually through manuals or on the company’s website. Organizations in the United States use two views for business responsibility in the area of ethics Milton Friedman’s and Archie Carroll’s view. Friedman’s view is widely accepted in the business environment...
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...“Personal Values and Alignment with Kudlers” Kapil Gaba MGT/521 MANAGEMENT Feb 8th 2010 John Yost Personal Values and alignment with Kudlers Success in our life could be related with how well we understand our values. To understand our values, we shall define our values, strive to adhere to these values, and to a possible extent should try to align ourselves with organizations that have similar values and beliefs. The purpose of this paper is to clarify my personal values using Williams Institute Ethics Awareness Inventory self-assessment, compare my values with Kudler Fine Foods, and determine the satisfaction level if I were a manager at Kudler Fine Foods organization. Personal Values “Values are qualities that are considered worthwhile and represent highest priorities and deeply held driving forces and beliefs” (Success in Life and Work, p. 1). In my understanding, individuals are brought up with values. A group of individuals come together to create a company and core beliefs and values of this company are defined based on these individuals values. "Organizational culture is a system of shared values, assumptions, beliefs and norms that unite members of an organization," (Gomez-Mejia and Balkin, 2002, p. 108). What I learned from Williams Institute Ethics Awareness Inventory self-assessment test is that my ethical perspective is based on the results or consequences of my actions. My behavior is focused on promoting greatest good for...
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...International American University Shaping tomorrow’s leaders today! General Course Policies supplement this syllabus and are available through IAU Online as a digital soft copy. Please make sure that you review the General Course Policies so that you can be successful in this course. 4201 Wilshire Blvd., Suite #610 ♦ Los Angeles, CA 90010, CA, U.S.A. ♦ T: (323) 938-4428 ♦ F: (323) 938-4-4429 ♦ E: www.iau.la MGT 620a Operations Management & Supply Chain Syllabus Class Details Name: Email: Phone: Room: Method: Steve B. Young, Ph.D. (A.B.D.) syoung18@verizon.net (818) 360-6115 LA-Classroom C Hybrid Term/Year: Days: Time: Start Date: End Date: Spring Session 1 / 2015 Wednesdays 6:00pm-10:00pm January 05, 2015 February 27, 2015 Instructor’s Biography Steve Young graduated from Western Michigan University with a Bachelor of Science in Engineering and Business. He spent time as an HR director and consultant with many Aerospace firms. Steve has worked in numerous management positions for Boeing, Lockheed Martin, Eco Polymers, Hughes, and PM-10 Consultants specializing in the area of Human resource, business management, and business operations. Steve received his MBA from West Coast University with an emphasis in management and is looking to receive his PhD from Walden University in Applied Management and Decision Making with specializations in Organizational Change and Leadership in 2008. Steve is a senior faculty member and has been teaching for the University of Phoenix...
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...Personal Values: Kudler Fine Foods MGT/521 11/12/10 Dr. Olivia Herriford Personal Values: Kudler Fine Foods Determining personal values and designing a format for individual ethics requires dedication. According to McGraw-Hill Higher Education (2009), “The generally accepted principles of right and wrong governing the conduct of individuals” (Glossary, para. 16) is the definition of personal ethics. One tool that helps to understand this term is the software program the Ethics Awareness Inventory by The Williams Institute. This comprehensive assessment breaks down individual perspectives pertaining to specific situations presented within the program and provides insight relating to ethical decision making. Personal values The Williams Institute breaks down ethical values in four categories known by the acronym CORE. CORE stands for Character, Obligation, Results, and Equality (The Williams Institute, 2008). The perspective I most closely related to was Obligation with 24 points. In this area, Obligation is about duty, what a rational person ought to do morally as opposed to what her or she should do (The Williams Institute, 2008). Additionally, through the Obligation perspective, I am supportive to providing opportunities for individuals to grow and learn. This assessment also provides the perspective least aligned with individual values. My assessed perspective was Character, where I received -24 points. The definition of Character is “what is good to be rather...
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...Fahad Qureshi Ethics Paper MGT/498 Ethics in the most basic terms is what you feel for something that may be right or wrong conduct. Being socially responsible means that organizations must behave ethically and sensitivity towards environmental issues. Company uses ethics and social responsibility for developing strategic plan when considering stakeholder needs and agendas. Enron is one example when a company was overstepping ethical boundaries for stakeholder agendas. There are many preventative measures that are taken now. There are 10 things companies can take to avoid overstepping ethical boundaries. Companies should examine ethical climate. By seeing how their employees feel about the culture and environment by conducting formal assessment. Company should have a code of conduct or ethics code and have it printed, posted on bulletin boards. Company should build a robust ethics infrastructure. Writing a code of conduct and support it at the top level and communicate it to employees. Company should go public and become an ethical public offerings. Company should keep Auditing and consulting functions separate. Companies should talk to employees often regarding ethical company issues. Companies should build ethical conduct within the company by training the employees, providing support and guidance, measuring their success and reward employees. There should be an ethical committee that is focused on the seven provisions of the Federal Sentencing Guidelines. Finally companies...
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...Ethical and Moral Issues in Business Steven Colon MGT/216 August 16, 2011 Mike Moreno Abstract In the following paper one will know about what an ethical issue is and a moral issue is, and examples of an ethical and moral issue. One will also learn about personal ethics and business ethics and how they are similar, but different. Ethical and Moral Issues in Business People have always questioned whether ethical issues and moral issues are the same, or if personal ethics, and business ethics are different. In this paper one will be able to see the differences between ethical and moral issues, the differences between personal ethics and business ethics while reading about real-world examples of common ethical problems in businesses for each of the above. Ethical Issues Many people believe that ethical issues and moral issues are the same thing, but in reality they are not. “our definition of ethics—the principles, norms, and standards of conduct governing an individual or group—focuses on conduct” (Trevino, & Nelson, (2007), p. 13). An ethical issue will require an individual or organization to make a decision between alternatives that must be weighed as an ethical or unethical decision. An unethical situation would be someone sacrificing people’s safety to obtain the completion of an assigned objective. Moral Issues “When we speak of morality, we refer to our judgments of right and wrong, and good and bad” (DeGeorge, (2010), p. 24). Moral...
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...Running head: Moral and Ethical Issues Paper Moral and Ethical Issues Barnone MGT/216 February 3, 2011 Prof. Plum with the candlestick moral and ethical issues PAPER The news today is full of sensational reports involving scandals. Stories of abuses of power, bribery, corporate mismanagement, stealing and other disgraceful behavior constantly assault our consciences day after day, leading us to question the place morals and ethics really have in today’s world. For a business to be successful, morals and ethics are paramount (DeGeorge, 2010). All stakeholders in a business must be able to define, maintain, and defend the ethics of their organization. After carefully reading the first five chapters of Managing Business Ethics, I will now take the time to define differences between ethical issues and moral issues, the differences between personal ethics and business ethics, and then provide relevant examples of common ethical problems in business. Morals and Ethics are often used interchangeably, referring to a certain code of acceptable behavior within a social context. However, there are subtle differences. Moral standards are determined by a society as a whole. These are the standards of right and wrong that individuals are born into, perceive growing up, and are defined in adulthood. Ethics are a modified from these same standards, applied to an organization. Simply worded, ethics...
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...Case Study Frank Torres MGT/448 May 6, 2016 Professor Louise M. Lozada-Sorcia Nike must overturn problematic problems in order to establish a successful commerce in a foreign country. Some of the legal, cultural, and ethical challenges that confront Nike’s global business are child labor laws, wages, and outsourcings of manufacturing. Nike sweatshop labor case like those described in “Nike: The Sweatshop Debate” has agitated a large sum of controversy over business ethics. The first case illustrates how Nike has inadvertly managed to oversee that those companies they subcontract do not follow international labor laws, including those pertinent to the country the employees are working from. An example is the employee Lap, interviewed in the article. The employee is exploited, “Her basic wage, even as sewing team leader, still doesn’t amount to the minimum wage . . . . She’s down to 85 pounds. Like most of the young women who make shoes, she has little choice but to accept the low wages and long hours. Nike says that it requires all subcontractors to obey local laws; but Lap has already put in much more overtime than the annual legal limit: 200 hours.” Another evident situation that challenges business ethics is the cultural depreciation in the countries where Nike contracts with manufacturer subcontractors. Countries like China and Indonesia close to non-existent labor laws, “The majority of Nike shoes are made in Indonesia and China, countries with governments that...
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...Running Head: ETHICAL AND MORAL ISSUES IN BUSINESS Ethical and Moral Issues in Business MGT 261 University of Phoenix Ethical and Moral Issues in Business Business will always have ethical and moral issues to face. It is how the business solves or addresses the issues that will define a business’s level of morality and values. Businesses want to be known for their ethical traits for many good reasons. Revenues will be greater, improved brand recognition, greater employee motivation and retention, and better financial resources. These good reasons come with a price. Increased costs related to purchasing fair trade products, increased overhead related to training and communication, and a risk of building false expectations. Differences in ethical and moral issues The differences in ethical and moral issues are slim, because what is considered ethical is based from what is considered moral. Moral issues are based on beliefs, judgments, and feelings of an individual or group (Trevino, 2007). The set of moral principles or values are used to evaluate people and business’s actions, like a set of rules. The rules of human behavior assist in defining what is right and wrong. Ethics are defined as “the principles, norms, and standards of conduct governing an individual or group” (Trevino, 2007). Ethics are considered a set of moral principles or values extremely personal and relative to people or groups. In a business, the ethical guidelines are...
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