...Ethics and the Conduct of Business, 7/e Boatright ©2012 / ISBN: 9780205053131 Chapter begins on next page > PLEASE NOTE: This sample chapter was prepared in advance of book publication. Additional changes may appear in the published book. To request an examination copy or for additional information, please visit us at www.pearsonhighered.com or contact your Pearson representative at www.pearsonhighered.com/replocator. C H A P T E R 1 Ethics in the World of Business Listen to the Chapter Audio on mythinkinglab.com CASE 1.1 Explore the Concept on mythinkinglab.com Merck and the Marketing of Vioxx On September 30, 2004, Merck & Co. announced the withdrawal of Vioxx, its highly profitable pain reliever for arthritis sufferers, from the market.1 This announcement came only seven days after company researchers found in a clinical trial that subjects who used Vioxx more than 18 months had a substantially higher incidence of heart attacks. Merck chairman and CEO Raymond V. Gilmartin described the action as “the responsible thing to do.” He explained, “It’s built into the principles of the company to think in this fashion. That’s why the management team came to such an easy conclusion.”2 In the lawsuits that followed, however, damaging documents emerged casting doubt on Merck’s claim that it had acted responsibly by taking appropriate precautions in the development and marketing of the drug. For decades, Merck’s stellar reputation rested on the company’s...
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...Running head: GEORGIA Georgia- The Peach state American Government December 7, 2011 The United States constitution is built upon the concept of federalism- the distribution of powers between a central authority and its constituent units. Georgia uses the federalist theory by distributing powers from its state government to the county government and from the county to the city government. Georgia is a historical state; being one of the original thirteen colonies founded in 1733. In 2010, Georgia was said to be the 9th largest state in the US with 9.69 million residents (Georgia USA, 2011, para. 1). Georgia like every other state is quite unique in its origin, development, and agriculture. The idea for creating a new colony was to serve as a military buffer between the British in South Carolina and the Spanish in Florida (Summers, 2011, para. 3). Prior to 1732 there were many attempts at settling on the land south of the Savannah River. Sir Robert Montgomery of Scotland-one of the many but not the first- “had secured from the Proprietors of Carolina a tract of land between the Savannah and Altamaha Rivers to which he gave the grandiloquent name, ‘Margravate of Azilia’ ” (Saye, 1948, p.3). Margravate an eastern European term meaning leader of lineage; Azilia is a Mesolithic European culture (“Margravate of Azilia”, 2011, para.4). (“Margravate of Azilia”, 2011, para. 9)Montgomery envisioned the colony inhabitants as those indentured from poorer English classes. Unfortunately...
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...7CASE 6-1 FACEBOOK OVERVIEW Three years ago 1-800-Flowers, long a pioneer in Internet marketing, became the first national florist to create a fan page on Facebook. It used the free page to build relationships with customers and sell selected products, but it spent very little money advertising on the site. In January, however, the company began buying a different kind of Facebook advertisement. “Sponsored stories,” as they’re called, let marketers pay to turn actions people take on Facebook into promotional content. When members click a thumbs-up button to signal that they “like” a product or brand, for example, a simple ad appears on their friends’ pages: “Julia Smith likes 1-800- HYPERLINK "http://www.Flowers.com" Flowers.com .” Those friends can click a Like button on that ad, which then shows up on their friends’ pages, and so on. Thanks in part to those ads, the company now has more than 125,000 Facebook fans, more than twice as many as it had at the start of the year. Now, says 1-800-Flowers president Chris McCann, “We look at Facebook as core to our marketing program.” So do dozens of other major brands, including Ford, Procter & Gamble, Starbucks, and Coca-Cola. Suddenly, large companies are running multimillion dollar ad campaigns on Facebook. Startups, such as the social-game maker Zynga and the daily-deal service Groupon, are mounting similar though smaller campaigns, and so are hundreds of thousands of local businesses, such as fitness salons...
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...The initial response to the extensive disaster in the Gulf Coast area of New Orleans, resulted from Hurricane Katrina, showed high levels of ineptitude and disorganization by government officials. The world was shocked by images of distressed individuals awaiting salvage on their rooftops, and the masses of people packed together in unpardonable conditions, in the Super Dome. There was no hiding from the painful reality and obvious inaction or inability of those responsible for caring for the residents in the wake of this catastrophe. Although, a substantial amount of the blame has been placed on FEMA, it should be understood that various aspects contributed to the circumstances in New Orleans. Some of the levees had been unsuccessfully built and were not properly maintained. Local agencies failed to plan and prepare of such a large event, even though they have been getting hit by hurricanes since the late 1800's. Government officials delayed ordering an evacuation, and did not take into account how to assist those citizens who lacked the monetary resources or had health risks that prevented them from evacuating the area. An 8.3 magnitude earthquake in San Francisco in 1906 that left over 250,000 people homeless and killed 478 people began the Federal involvement in the aftermath of natural disasters. While the disaster itself was obviously inescapable, the fires that burned throughout the city were the result of thoughtless planning. In an effort to improve the nation’s...
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...Halmstad University School of Business and Engineering Business Culture II VeniltonReinert Marketing And Communication Plan FALU RED PAINT Friday, 14. Dec. 2012 Wan Ting Huang Tatjana Weber Jonathan Tran Quentin Peulot Cyril Albert Matthieu Fernandez 1 Table des matières 1. Introduction (north country/ wood houses) ........................................................................ 3 1.1 Pestel analysis of Russia : ............................................................................................................ 5 1.2 Pestel analysis of Canada: ......................................................................................................... 12 2 Micro environment ............................................................................................................ 19 2.1 Brand ........................................................................................................................................ 19 2.2 Product ..................................................................................................................................... 20 2.3 Price ......................................................................................................................................... 21 2.4 Promotion .................
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...managerial standpoint, fundamental concepts will be systematically presented and related to their applications. Examples and cases will be used to highlight the most relevant issues. The primary mode of teaching will be lecture sessions interspersed with case discussions & real life examples and applications. However, class discussion is highly recommended. Students are encouraged to actively participate in constructive class discussions. Learning Outcomes and Objectives 1. Develop marketing knowledge/expertise and discriminate between the different principles of marketing, in the areas of segmentation, positioning, pricing, promotions, distribution, consumer behavior, etc. 2. Demonstrate the ability to infer and calculate numerical problems in the areas of break-even analysis, price elasticity, market research, etc. 3. Exhibit the ability to appraise and apply marketing principles to business settings; such as analyzing the strengths, weaknesses, opportunities and threats facing the strategic business unit or by synthesizing with examples how marketing actions can influence the consumer decision making process. 4. Ethics & legal: Students will develop the ability to appraise and distinguish between different ethical and legal standards so that they can recognize the role of legal issues and also assess and determine in ambiguous ethical situations, the best alternative and approach....
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...Table of Contents 1. Executive Summary ......................................................................................................................... 2 2. Introduction ...................................................................................................................................... 2 3. Theory and Concepts ...................................................................................................................... 2 3.1. Cyber Crime ................................................................................................................................. 2 3.2. Cyber security ............................................................................................................................... 3 4. Key Findings / Discussion of your research topic ............................................................................ 3 4.1. The major risks of cyber security ................................................................................................. 3 4.1.1. To consumers ........................................................................................................................ 3 4.1.2. To businesses........................................................................................................................ 4 4.1.3. IT organisations ..................................................................................................................... 4 4.1.4. Telecommunication companies...
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...IA#1 Cybercrime Law, Regulation, Effects on Innovation John Doe CSEC 620 Section 9022 Note: This paper was submitted through originality check websites. Table of Contents 1. Introduction 3 2. Private Industry & Regulations 4 3. National Security Concerns 4 4. Methods 6 5. Impacts of Government Regulation 7 6. Compliance 8 7. Responsibility 9 8. The Real World 10 9. Conclusion 11 References 12 1. Introduction Cybersecurity and cybersecurity initiatives are commonplace in all aspects of our digital lives. Personal computers are still widely used, especially in the workplace, but mobile devices seem to be the preferred computing choice of the average person. This would include but not be limited to; smart phones, tablets, and laptops to name a few. Mobile devices have changed the digital landscape in a manner that could not have been predicted. This is because other than work or school related activities, most personal computers were used to play a few games, check email, and browse the internet. These activities eventually transitioned over to the aforementioned mobile devices. Now we mix in social media, and a whole new digital cyber-world has emerged. Talk about getting your head out of the clouds. We live in the cloud, literally and figuratively. What does this mean to the average consumer? Perhaps not much. Most people who operate in the digital world could probably care less about the underpinnings of cyberspace and...
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...Chapter 2 Business Ethics and Social Responsibility Chapter Outline Introduction Business Ethics and Social Responsibility The Role of Ethics in Business Recognizing Ethical Issues in Business Improving Ethical Behaviour in Business The Nature of Social Responsibility Social Responsibility Issues Objectives After reading this chapter, you will be able to: • Define business ethics and examine its importance. • Detect some of the ethical issues that may arise in business. • Specify how businesses can promote ethical behaviour. • Define social responsibility and explain its relevance to business. • Debate an organization’s social responsibilities to owners, employees, consumers, the environment, and the community. • Evaluate the ethics of a business’s decision. Enter the World of Business The Leopard Did Change His Spots—They Grew The son of a wealthy brewery executive, Conrad Moffat Black was born August 25, 1944, in Montreal. After leaving home at age 18, he earned a history degree at Carleton University, a law degree at Laval, and an MA from McGill. An avid student of history, he has written several books (including an autobiography) about political figures such as Maurice Duplessis, Napoleon, and most recently, Franklin Roosevelt. Mr. Black purchased his first newspaper, the Sherbrooke Record, when he was 25 years old. Two years later, he added about 20 Canadian newspapers to his belt with the acquisition of the Sterling Company chain. Five years later, at age 33...
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...Govt., Business, NGOs – Interface between them in the rise of globalization BUSINESS ETHICS PROJECT Govt., Business, NGOs – Interface between them in the rise of globalization BUSINESS ETHICS PROJECT Chand Ajmera, PGP/17/192 Ananya Jha, PGP/17/194 Shraddha Srikhande, PGP/17/240 Dinesh Kumar V, PGP/17/248 Chand Ajmera, PGP/17/192 Ananya Jha, PGP/17/194 Shraddha Srikhande, PGP/17/240 Dinesh Kumar V, PGP/17/248 TABLE OF CONTENTS 1. INTRODUCTION 2. ROLE OF CSOS IN BUSINESS GOVERNMENT INTERFACE 3. LOBBYING - INTRODUCTION 4. ETHICAL IMPLICATIONS OF LOBBYING 5. EXAMPLES OF LOBBYING 6. ACTIONS BEING TAKEN TO CURB THE UNETHICAL ASPECT OF LOBBYING 7. CONCLUSION & RECOMMENDATIONS 1. INTRODUCTION The growth and function of every business is highly dependent on the government. A large number of government actions in addition to laws and regulations affect companies’ finances. There are several reasons behind regulation of business by the government. 1. Public safety and welfare: Many industries are regularly reviewed and overseen because their activities, if they go skewed, can have detrimental effects to human health, financial well-being, or community structure. [21] 2. Protecting industry: Many regulations are in place to protect those who have developed their business correctly; licensing, permits, and inspections by the government clear out criminal activities that challenge truthful industries. [21] 3. Revenue...
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...| | |Country Notebook: Lebanon | |OSB Board | | | | | | | EXECUTIVE SUMMARY Introduction Lebanon is a country located in the Middle East along the Mediterranean Sea. Its coastal location as well as close proximity to many other nations makes Lebanon an ideal country for trade. Through an analysis of their culture, economy, and market we have been able to develop an introductory marketing plan for exporting OSB board from Michigan to Lebanon. Lebanon is a democratic republic with a free-market orientation. Although there has been much civil unrest in the past, presently there is decent political stability. The economy has struggled due to wars and setbacks...
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...life can get a lot more complicated: Does a liability exist if there is no legal liability, but the company has announced a particular commitment or plan of action? How is a liability measured if the obligation is for services, not a set amount of money? How can a liability be measured if the amount of cash to be paid is uncertain? How should a liability be valued if the stated interest rate does not reflect the market interest rate? How is interest expense measured if the stated interest rate does not reflect the market interest rate? When is interest part of the cost of an asset instead of an expense? Liability financing is an integral part, perhaps even a dominant part, of the capital structure of many companies. For example, Shaw Communications Inc. reported total assets of $8.9 billion in 2009. Of this amount, only $2.5 billion is financed through shareholders' equity, with the balance, $6.4 billion, provided by debt in various forms. A sizeable portion of the debt is unearned revenue and deposits ($0.8 billion, or 9% of total assets) and long-term debt is 35% of total assets. Interest expense is reported at $237 million, eating up a significant portion of the reported $956 million in operating earnings. Appropriate measurement of these amounts is critical. This chapter reviews common liabilities, including both financial and non-financial liabilities. Technical measurement issues are reviewed in the context of bond liabilities. Chapter 13 will discuss accounting...
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...shredded tobacco. The beedi enterprises in India were established initially as cottage or family business houses, and grew into a massive industry with high turnover and enormous employment potential. In India, beedi industry is a major revenue source in many parts of the country where five lakhs million beedies1 are manufactured every year which worth nearly 65 million. States like Madhya Pradesh, Andhra Pradesh, Bihar and Odisha are involved in both manufacturing of beedies and tendu leaves growing. Nearly 4.5 million workers are engaged in beedi industry in India with largest number in Madhya Pradesh (18.3 %), followed by Andhra Pradesh (14.4 %) and Tamil Nadu (13.8 %)2. Majority of the beedi workers are engaged in beedi rolling in home based work from the organized factories which has only ten percent of the workers involved in beedi rolling. Mostly the economically and socially backward populations are involved in beedi industry. It is to be noted that the tendu 1 Government of India, Report Circulated in the National Workshop on Beedi Workers Housing, Ministry of Labour, Hyderabad, 6-7 May 1995. 2 Agenda Note, 5th Report, Standing Committee on Labour Ministry of Labour and Employment, Lok Sabha Secretariat, New Delhi, April 2005. 2 leaf collection is one of the profitable livelihood works for tribals3 as is beedi rolling for backward and schedule castes. Production Process in Beedi work4 There are four important processes pertaining to...
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...ANALYSIS OF SUPPLY CHAIN RISK MANAGEMENT IN THE GHANAIAN MANUFACTURING INDUSTRY: A CASE STUDY OF KAMA PHARMACEUTICAL MANUFACTURING COMPANY INTRODUCTION 1.0 Background of the Study According to Hendricks and Singhal (2005), there is increased awareness and recognition among managers, consultants and academicians that supply chain performance is increasingly important to business success. In other words, supply chain plays an important strategic role in the world economy and that firms are more dependent upon their supply chains networks in order to deliver value. Regrettably, there is also a point of vulnerability in the world economy which are subject to disruptions with significant consequences especially when the disruption comes suddenly, without warning, and with devastation. Handfield (2007) posit that the total set of risks to an organization is much broader. It includes hazard risk and operational risk. Hazard risks refer to weather disasters, equipment shutdown, or product liability, while operational risks include major disruptions such as theft, late supplier deliveries, and IT systems shutdowns and so on. For the purpose of this study, focus shall be placed on operational risk with specific focus on supply chain risk. Generally, supply chain operation is fundamental to the success of any organization. It is critical to a company’s ability to manage global operations, supply and demand volatility, the accelerated pace of new product and services introductions...
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...AFGE 2013 Issue Papers Table of Contents Another Manufactured Crisis: What’s Next in the Fiscal Showdown………1 Federal Pay……………………………………………………………….…..…..4 Federal Employees’ Health Benefits Program……………………………….15 Official Time for Federal Employee Union Representatives………….........22 Arbitrary Cuts in Civil Servants………………………………………………..26 Sourcing: Complying with the Law……………………………………….......31 Capping Taxpayer-Funded Service Contractor Compensation……………43 Transportation Security Administration and TSOs…………………………..46 Domestic Partnership Benefits……………………………..………………….49 Employment Non-Discrimination Act……………………………………..…..55 Paid Parental Leave………………………………………………..…………..57 One America, Many Voices Act………………………………………….…....60 Department of Veterans Affairs…………………………………..……………62 Department of Defense……………………………...……….………………...71 Federal Prisons………………………………………………………………….90 Social Security Administration ……………………………………….…...…103 National Guard/Reserve Technicians ………………………...……….……108 D.C. Workers’ Issues …………………...……………………………..…..…117 Equal Employment Opportunity Commission. ……………………..……...120 Another Manufactured Crisis: What’s Next in the Fiscal Showdown? Background At the beginning of January, President Obama signed a tax deal that restored higher Clinton-era rates to those making over $450,000, and funded an extension of unemployment insurance benefits to the long-term unemployed, extended for another year the $240 monthly transit subsidy, but did not...
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