...University of Phoenix Material Key Terms Ethical Terms Character: Moral actions based on duty-driven ethical principles. These include trustworthiness, respect, responsibility, fairness, caring, and citizenship (Josephson Institute, 2009). Ethical System: Underlying ethical principles, which a person uses to make decisions Ethics: “The principles, norms, and standards of conduct governing an individual or organization” (Treviño & Nelson, 2011, p. 17); ethics form the basis for determining the correct action, or moral behavior, in a particular situation. Morals: Actions based on one’s underlying ethical principles Values: Those things or actions upon which the individual or organization spends time and money Ethical Systems Duty-based: A moral obligation or commitment to act in a certain manner, with clear right and wrong being determined by an outside authority Entitlement-based: Moral decisions are based entirely on what is in the best interest of the individual, regardless of relationships, the needs of others, or business. Goal-based: Focuses on the outcome or final purpose, which may be localized, as in business, or universal, as in feeding all the hungry children in the world Humanistic (secular humanism or human nature ethics): Beliefs based on the extremes of human behavior, both good and bad, without the direction of an outside authority Relativistic: Relativism often uses the personalized approach to ethics. It is subjective and focuses on...
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...Personal Ethics Development Paper * ------------------------------------------------- * ------------------------------------------------- * ------------------------------------------------- * ------------------------------------------------- * ------------------------------------------------- Displaying messages 1 - 2 of 2 Participants: rose.angel13 and Smart-Guru rose.angel13 2015-02-28 23:32 Write a 1,050- to 1,200-word paper on personal ethics development that examines your personal ethical system and ground rules. * Incorporate the terms found in the University of Phoenix Material: Key Terms. * Focus on the developmental aspect of your ethics rather than on a particular position on any issue. * Define your underlying ethical system, its primary principles, the sources that helped shape your ethics—such as people, institutions, events, and so forth—and the criteria and decision-making factors you have used to revise them. * Discuss the potential effect of your ethics on your performance or use of them in your workplace. Use a specific personal example. * Explain why ethics are needed in an organization and how ethics are integrated into an organization to achieve its direction and goals. What effect does the application of these ethics have on individuals, organizations, and society? Format your paper consistent with APA guidelines. KEY TERMS Key Terms Ethical Terms Character: Moral actions based on duty-driven...
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...of Business Ethics Summary Paper of My ‘Ethical Position’ From My Experience, Knowledge And What I Have Gleaned From The Business Ethics Class. ABSTRACT The ability to recognize and deal with complex business ethics issues has become a significant priority in twenty-first century companies. In recent years, a number of well publicized scandals resulted in public outrage about deception and fraud in business and a demand for improved business ethics and greater corporate responsibility. The publicity and debate surrounding highly visible legal and ethical lapses at a number of well known firms, including AIG, Countrywide Financial and Fannie Mae, highlight the need for businesses to integrate ethics and responsibility into all business decisions. The field of business ethics deals with questions about whether specific business practices are acceptable. For example, should a salesperson omit facts about a product’s poor safety records in sales presentation to a client? Should an accountant report inaccuracies that he or she discovered in an audit of a client, knowing the auditing company will probably be fired by the client for doing so? Should an automobile tire manufacturer intentionally conceal safety concerns to avoid a massive and costly tire recall? Regardless of their legality, others will certainly judge the actions taken in such situations as right or wrong, ethical or unethical. By this very nature, the field of business ethics is controversial...
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...materials are available for operational purposes which will enable the researcher to specify his own research problem in a meaningful context” This brief review of the literature provides an overview of the research focuses on the study on how far social media affects the mainstream media journalism ethical principles which include truth, fairness, balance, objectivism and accuracy as a key elements of professionalism and how the journalist used social media in their dail activities. Aim of reviewing literature...
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...Business Ethics and Corporate Responsibility Introduction Corporate Responsibility or Corporate Social Responsibility (CSR) has been a term coined in the previous century in order to define the social responsibilities of corporate heads and their corporations in securing the trust of its community by determining and fulfilling its roles towards the betterment of society. Simply following the rules set down by legislation would not do; corporate authorities and workers alike were demanded to be ethically inclined and considerate of how their actions affect society in general, both as residents and providers within their immediate communities. But both ethics and responsibility are vague terms, and prior to the 19th to 20th centuries, neither of them has been attached to business entities like corporations. Business ethics and corporate responsibilities, then, are much vaguer terms in that they entail more than simple and faithful provision of goods and services to people; some may even think that corporate giants and ethics do not exactly go together, or even share a superficial partnership. But these revolutionary concepts have played a major role in redefining corporations in the 21st century; these conceptual standards remain strong factors towards corporate determination of company action and assessment of overall company performance today. This paper will discuss business ethics and corporate responsibilities as sister terms, but also as discrete concepts, both of which...
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...ETHICS 101 A COMMON ETHICS LANGUAGE FOR DIALOGUE Compiled by the Ethics Across the Curricula Committee DePaul University Institute for Business & Professional Ethics 1 E. Jackson Blvd, Ste 7000 Chicago, IL 60604 http://commerce.depaul.edu/ethics bf 208592 ETHICS 101 A COMMON ETHICS LANGUAGE FOR DIALOGUE Compiled by the Ethics Across the Curricula Committee ©2007 IBPE. All Rights Reserved Chaired by Patricia Werhane, Director, Institute for Business & Professional Ethics, DePaul University. A subcommittee of the Ethics Across the Curricula Committee created this document. The members include: Andrew Gold, Professor, College of Law; Laura Hartman, AVP & Professor of Business Ethics, Department of Management; Karyn Holm, Professor, Department of Nursing; Scott Paeth, Asst. Professor, Religious Studies Department; Charles Strain, Associate Vice President of Academic Affairs; Marco Tavanti, Asst. Professor, Public Services Graduate Program; David Wellman, Asst. Professor, Religious Studies Department. This guide draws from various resources prepared by others including copyrighted materials reprinted with the permission of the Markkula Center for a Applied Ethics at Santa Clara University (www.scu.edu/ethics), from Larry Hinman, Ethics: A Pluralistic Approach to Moral Theory, 3rd edition (Belmont CA: Thomson Learning, 2003), from Marco Tavanti, “Thinking Ethically” (unpublished), David Ozar, “A Model for Ethical Decision-Making.” (unpublished)...
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...Kathleen F. Brochu Manage Principles Dr. M. Miller Research Paper “Ethics” Should Ethics be taught in the Corporate Environment? By Kathleen Brochu Table of Contents Cover Page Title: “Ethics” Should ethics be taught in the corporate environment? By: Kathleen Brochu Introduction What is Ethics? Can ethics be taught? Whose responsibility is it? Body Meaning of Ethics How one learns ethics How to promote ethics in the work place Conclusion Higher production rates Caring Employees Improved Companies relationships Today’s business environment is not only fast-paced, but also highly competitive. In order to keep pace and stay ahead, possession of several key work ethics is a plus for achieving a successful career. Holding key traits such as attendance, character, teamwork, appearance, and attitude add value to both you as a person and your company. Successful careers come in many flavors, but work ethics are a main ingredient in most recipes for success. Ethics are not born in a vacuum. Ethics are more like a jigsaw puzzle that is thrown together over time, that when complete makes up who you are and what you believe. From our earliest days of life, we start to learn from those around us. These learned behaviors add to the traits that we are already born with and help to shape us into the person we will become. As part of this learning process, we develop what will become our norms. Norms are our everyday...
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...For the modern business ethics are a priori questions of corporate social responsibility. Opinion that the financial well-being of the least compels her to ethical behavior, is fundamentally wrong, the very life and business practice postulated the following statement: "Good ethics is good business." Otherwise, a negative reaction on the part of customers and partners will inevitably lead to a significant reduction in the profitability of the company, and widely disseminated by the media unsavory reputation will lead to a lack of any credibility. Nobel Prize winner Milton Friedman wrote that "the true role of business! "PICs in its use of energy and resources in activities designed to increase profits, provided that it adheres to the rules of the game ... participate in an open competition, without resorting to fraud and deception." Ethics imposes restrictions on the business system, being the moral rules and practices of a given society. Business Ethics - Business ethics based on honesty, openness, fidelity to one's word, the ability to function effectively in the market s compliance with applicable laws, rules and established traditsiyami.22 Experience confirms the importance of international business to business ethics in shaping the success of the company. So, dishonest behavior of the firm Coca-Cola, cases of bribery of competitors as compensation in lawsuits with them cost the company market share, given away Pepsico, as the latter had evidence information about the...
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...The Difference between ethics, morals and values Dictionary Meaning (Ethics) 1. a. A set of principles of right conduct. b. A theory or a system of moral values noun. the study of standards of conduct and moral judgment; moral philosophy; a treatise on this study; the system or code of morals of a particular person, religion, group, profession Dictionary Meaning (Morals) 1. involving right and wrong: relating to issues of right and wrong and to how individual people should behave 2. derived from personal conscience: based on what somebody's conscience suggests is right or wrong, rather than on what rules or the law says should be done 3. according to common standard of justice: regarded in terms of what is known to be right or just, as opposed to what is officially or outwardly declared to be right or just Dictionary Meaning (Values) In general, important and enduring beliefs or ideals shared by the members of a culture about what is good or desirable and what is not. Values exert major influence on the behavior of an individual and serve as broad guidelines in all situations. When one look at the dictionary meanings of each of the words, you can derive that each words has some similarity rather that difference. These three words go hand in hand in determining how an individual should conduct himself or herself in a modern society. Definitions by an independent group Ethics: [pic]Define moral rights and wrongs. [pic]Transcend culture, ethnicity...
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...The purpose of this essay is to discuss the meaning, nature and scope of administrative laws and administrative ethics. In order to achieve this the essay will start by defining the major terms making up the subject, it will further discuss the meaning, nature and scope of administrative laws and administrative ethics. Finally a comprehensive conclusion will be given based on the discussion. There is no universally accepted definition of administrative law, but rationally it may be held to cover the organization, powers, duties, and functions of public authorities of all kinds engaged in administration; their relations with one another and with citizens and nongovernmental bodies; legal methods of controlling public administration; and the rights and liabilities of officials. In other words, administrative law is the body of law that governs the activities of administrative agencies of government. Government agency action can include rulemaking, adjudication, or the enforcement of a specific regulatory agenda. Administrative law is considered a branch of public law. As a body of law, administrative law deals with the decision-making of administrative units of government (for example, tribunals, boards or commissions) that are part of a national regulatory scheme in such areas as police law, international trade, manufacturing, the environment, taxation, broadcasting, immigration and transport. Administrative law expanded greatly during the twentieth century, as legislative bodies...
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...BMB2033: BUSINESS ETHICS AND VALUES Course Leader: Shaharudin Yunus COURSE NOTES TOPIC 1: Fundamentals of Values, Ethics and Morality LEARNING OBJECTIVES At the end of this chapter, you will be able to: Define values List the sources of value Identify the roles of values in decision-making Identify the definition of ethics Identify the nature of ethical reasoning Identify the concept of ethical standards and judgement Define morality Identify the various phases of Kohlberg's theory of moral development Identify the differences between ethics and morality Identify the similarities between ethics and morality Identify the basic unification of ethics, values and morality NATURE OF VALUES 1.1.1 Definition A small company has just employed Rizal as a marketing executive. As a fresh graduate, Rizal feels enthusiastic about the job and is determined to be a good worker. On the first day of work, new employees were briefed on how work is done. At that point, Rizal realized that some of the company's marketing strategies somewhat deceived the customers. This is just one example of ethical issues in business that we will look at in this course. Values, ethics, and morality are three concepts used in discussing 'Business Ethics and Values'. We will see how they should be applied in businesses. However, in this section, we will discuss values first. Values are defined as fundamental principles or enduring beliefs about the most desirable conditions and...
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...J Bus Ethics (2011) 104:311–323 DOI 10.1007/s10551-011-0910-1 A Model for Ethical Decision Making in Business: Reasoning, Intuition, and Rational Moral Principles Jaana Woiceshyn Received: 11 February 2011 / Accepted: 16 May 2011 / Published online: 28 May 2011 Ó Springer Science+Business Media B.V. 2011 Abstract How do business leaders make ethical decisions? Given the significant and wide-spread impact of business people’s decisions on multiple constituents (e.g., customers, employees, shareholders, competitors, and suppliers), how they make decisions matters. Unethical decisions harm the decision makers themselves as well as others, whereas ethical decisions have the opposite effect. Based on data from a study on strategic decision making by 16 effective chief executive officers (and three not-soeffective ones as contrast), I propose a model for ethical decision making in business in which reasoning (conscious processing) and intuition (subconscious processing) interact through forming, recalling, and applying moral principles necessary for long-term success in business. Following the CEOs in the study, I employ a relatively new theory, rational egoism, as the substantive content of the model and argue it to be consistent with the requirements of longterm business success. Besides explaining the processes of forming and applying principles (integration by essentials and spiraling), I briefly describe rational egoism and illustrate the model with a contemporary moral...
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...Paper lecture 1: Lindblom: What is this market system? A market system exists only when markets proliferate and link with each other in a particular way. A market system is a system of society-wide coordination of human activities not by central command but by mutual interactions in the form of transactions. Three kinds of markets are the most familiar: The labor markets, the agricultural markets, and markets for services and goods that industry provides to customers. Two less obvious kinds of markets are no less necessary for a market system. One is markets for intermediate services and goods produced for other producers. The other is market for capital. In market systems people do not go their own way; they are tied together and turned this way or that through market interactions. In our time it is a governed market system, heavily burdened or ornamented with what old-fashioned free marketers decry as ‘interferences’. Although buying and selling may be natural to human-kind, market systems are not. The market system that lies closest to our span of attention is the capitalist market system. In ostensibly democratic societies, market skeptics sometimes fear that the market system may bring an end to democracy. One of their fears is that big corporations already exercise powers inconsistent with democracy; and that multinational corporations overwhelm small nation-states. Despite the growing consensus in favor of the market system, it is of course possible...
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...Jermaine M. Cox ETH/316 April 27, 2015 Randy Caffee Virtue Theory Virtue theory, Utilitarianism ethics, Deontological ethics, and morality are all parts of ethical behavior in today’s time and work place. Some people follow them and then you have some whom simply ignore them. Virtue theory is a broad term for theories that emphasizes the role of character and virtue in moral philosophy rather than either doing one’s duty or acting in order to bring about good consequences. In other words idea character traits. Utilitarianism ethics is a normative ethical theory that places the focus of right and wrong solely on the outcomes of choosing one’s action over the other one’s action. Example, it moves beyond the scope of one’s own interests and takes in account the interests of others. Deontological ethics is a normative ethical position that judges the morality of an action based on the actions adherence to a rule of rules. In short term meaning a duty or obligation. Lastly, there is Morality. Morality is the principles concerning the distinction between right and wrong or good and bad behavior. Even though these terms varies in similarity they are yet very different. As I have explained the differences the similarities are all pertaining to one’s character and actions. For me working in the field that I am employed in I have to practice and abide by most of these principles. One example would be, when we are in the field I am responsible for a lot of people. I use the Virtue...
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...Ethics is the study of determining moral conductivity through critical reflection and analysis. Ethics is a process – it is about getting to a solution by questioning the norms; it is because we have different moral norms (from different moral authorities like societal, familial, cultural, religious, etc.) that we have so many different ethical theories1. Having varied ethics for us to follow allows us to exercise our rationality and put ethics into practice by questioning what we see around us1. This case exemplifies the moral dilemma of how democratic government corruption and monopoly is capable of endangering the public food supply. The ethical dilemma here is whether or not Dr. Chopra did the right thing by violating superior norms and coming out with the ugly truth – more colloquially known as whistle blowing. My convictions are that Dr. Chopra and his team acted ethically in coming out with the truth to help safeguard and protect the health of fellow Canadians. This will be demonstrated through the lens of four moral theories namely, Aristotle’s virtue ethics, deontology and Kantian ethics, utilitarian ethics. The advantages and disadvantages of each school of thought will be presented, followed by a discussion of Dr. Chopra’s whistle blowing according to each philosophy. Aristotle’s virtue ethics stems from the work that Socrates and Plato did; however, it differs in that it focuses on the moral character of each individual as opposed to the rules and principles...
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