...Corporate Marketing Ethics and its Relative Importance Vivek Parashar Lecturer of Marketing Center for Management Development (CMD) Dr. K.N Modi Foundation Modinagar – 201204 Email id- vparashar.edu@rediffmail.com vparashar@in.com Mob: 08899080891 |Abstract | |Markets present a clash of interest between various players. There is competition for resources, customers and price etc, which breeds ground| |for activities that may not get ethical sanctions. A certain code of conduct, policies and practices called ethics are required to manage | |markets and marketing. | |Marketing is the heart of all businesses and all other functions depend upon the same for keeping the business moving. It is one business | |function that interacts the most with markets, in fact markets are meant to sell and they exist only when they sell! In such a scenario there| |are bound to be multiple players and a clash is inevitable. Such clash leads to malpractices like hoarding, price competitions, brand wars | |and use of unfair tactics, which is precisely where marketing ethics come into play. | |It is important when addressing marketing ethics to recognize that...
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...TABLE OF CONTENTS Pages 1. Executive Summary 3 2. Main Issues 4 3. Ethics Policy and its Development 5 3.1. Proposed Ethics Policy 5 3.2. Rationale of Ethics Policy 6 3.3. Policy Development 6 3.3.1. Virtue Ethic 7 3.3.2. Utilitarianism Ethic 7 3.3.3. Kantianism Ethic 8 3.4. Corporate Social Responsibility 8 4. Implementation, Effectiveness, and Limitations 9 4.1. Implementation of Ethics Policy 9 4.2. Effectiveness of Ethics Policy 10 4.3. Limitations of Ethics Policy 11 5. Conclusion 12 6. Reference List 14 1) Executive Summary The Coca-Cola Company was founded in 1892. The company, till date, offers a wide range of products to meet different demands of customers all over the world. Coca-Cola not only produces and sells soft drink and non-carbonated beverages; they also distribute bottled waters around the world. Increasing shareholder values would be any major company’s target, likewise Coca-Cola’s, having to keep costs low but yet selling the customers their trusted quality products. Coca-Cola operates in a very competitive environment being in the beverages industry. In 1893, Coca-Cola’s greatest competitor, Pepsi-Cola, came into the market, and rivalry has been going on from then till now. Competition leads...
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...Assignment on Ethics In Organization S.R.Lutra Institute Of Management Submitted to Amruta Nag Submitted by Pratibha Chaudhari 08 Payal Khetani 17 Nikita Pereira 27 Dhara Suvagiya 31 Hetal Vaghora 32 (MBA 1st shift Academic Year 2010-11) Ethics in organization Introduction to ethics Ethics is not a recent discovery. Over the centuries philosophers their struggle with human behavior have developed different approaches ethics, each leading to different conclusions. The word “ethics” which are coined from the Latin word ‘ethics’ and greek word ‘ethikos’ pertains to character. Ethics is thus said to be the science of conduct and morals. Meaning Ethics is the branch of philosophy which is the systematic study of selective choice, of the standards of right and wrong and by which it may be ultimately be directed...
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...Conduct Business Research Introduction For 60 years Allergan has been “a multi-specialty healthcare company focused on discovering, developing, and commercializing innovative pharmaceuticals, biologics, and medical devices that enable people to live life to its greatest potential — to see more clearly, move more freely, express themselves more fully” (Allergan, 2012). A management dilemma facing Allergan is whether investing in research to develop new products can be done in a cost effective and ethical manner. By developing research questions, a hypotheses, considering variables, and taking into account ethical considerations the company can come to a conclusion on how to solve this problem. Research Questions Before a business begins researching an issue, opportunity, or problem facing their organization, one must first clearly define the questions that will be used in the research purposes, without the research it could lead to disastrous results (Cooper & Schindler, 2011). For Allergan, asking if investing in new products has several factors that must be considered. Among the most prominent questions would be asking if investing more into R&D would be a wise money investment. What type of research would this involve? What kind of repercussions may we see from investing? What type of study do we want to conduct for an experiment, survey, observational study, or just old fashion research on a subject. These are questions that Allergan should consider before taking...
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...CONTENTS Introduction…………………………………………2 Definition of Business Ethics……………………….2 Background of Fonterra’s Company………………..2 Issues of Fonterra’s company.....................................3 Solution to Issues……………………………………4 Conclusion…………………………………………...5 Reference…………………………………………….6 Fonterra’s Milk Scandal: The Issues surrounding it and how can Fonterra’s managed the issue? Introduction Milk is a nutritional product very good for health and almost all age are using. The dairy industry is currently developing. Typically, the dairy market today has a millions of different brands of milk from around the world. Dairy industry development because the benefits of milk to provide for health people is extremely large. Targeting that benefit, so now has a lot of dairy company consecutive established for the purpose of competitive and to looking for profit from that industry but they don’t care about a business ethics. That led to some large companies do everything possible to get revenue as skipping the period in production to shorten the process and change or add some cheap has toxic component to decrease cost of production and increase profits. Such behavior has violated business ethics and caused a serious consequence to the health and the faith of consumers. Typical, Fonterra; the best dairy company in the world has violated of business ethics when related the scandal of the milk has toxic harmful to human health and loss of image of company. That issue must be considered...
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...Ethics and Sustainable development Mark&Spencer Plan A analysis Bao Quoc Nguyen Ethics and Sustainable Development Mark and Spencer Plan A with Oxfam Table of Contents MARK & SPENCER PLC ................................................................................................................... 3 COMPANY OVERVIEW ........................................................................................................................................ 3 BUSINESS DESCRIPTION .................................................................................................................................... 3 HISTORY .............................................................................................................................................................. 4 SWOT ANALYSIS ................................................................................................................................................ 4 PESTLE ANALYSIS ............................................................................................................................................... 5 OUTLINE SOME PROBLEM FACING RETAILERS IN UK .........................................
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...Islamic business ethics: responsible halal business Muatasim Ismaeel UniKL Business School, University of Kuala Lumpur (UniKL), Kuala Lumpur, Malaysia, and 1090 Katharina Blaim Faculty of Business and Economics, University of Eichstaett/Ingolstadt, Ingolstadt, Germany Abstract Purpose – The purpose of this paper is to explore the opportunities of using halal regulation and certification as a mechanism for applying Islamic business ethics in contemporary world. Design/methodology/approach – The current practices of halal regulation and certification and literature on Islamic ethics were reviewed, to identify a practical approach for Islamic business ethics. Findings – Islam allows and accepts different levels of ethical commitment. A multi-level Islamic ethics framework and a multi-level halal certification approach are proposed to facilitate the implementation of Islamic business ethics in a relative context. Two major developments can enrich halal business practices: harmonization of global standards and governance structure, and integrating responsibility and ethical issues in halal standards. Practical implications – The proposed framework and developments can enrich halal regulation and certification practice. Originality/value – The paper emphasizes the importance of flexibility and adaptability in Islamic business ethics implementation, and proposes a new framework and approach to apply Islamic business ethics. Keywords Islam, Business ethics, Social responsibility...
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...through which companies promote or market their product to the consumer, and this enables them to make informed consumption decisions. Advertising plays an important part in our everyday lives as it enables us to choose between different ranges of products. These products are promoted through different types of advertisements and cater to all types of markets. Dedicated advertising companies exist with enormous budgets running into millions of pounds which make advertisements for their clients. Advertising also plays an important role for the capitalist economies. ‘Advertising enables producers to expand their markets and therefore take advantage of economies of scale to reduce unit production costs’. (Chris Hackley, 2005, Advertising and Promotion). Through the use of advertising producers are able to sell large stocks of goods that they produce and create demand for new products and offers. Advertising benefits consumers since they enjoy lower prices and a better product quality, since the competition that advertising creates acts in the interests of the consumers. • Advertising has played a major role in consumer marketing, and has enabled companies to meet communication and other marketing objectives. Typically, advertising is used to inform, persuade, and remind consumers. It importantly reinforces their attitudes and perceptions. • Advertising is considered unethical when it degrades rival’s product or substitute product, gives misguiding information, gives false...
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...to globalization, management must adjust how it plans when it comes to the four functions of management. With globalization a company has to take into account a diverse environment and customer base (Ray, 2010). Johnson & Johnson is a New Jersey based company, but it is also a multi-national company. Technology Technology has helped management be able to expedite the planning process. Even though the employees of Johnson & Johnson work in a small company setting, they have access to all of the resources of a fortune 500 company (Johnson & Johnson, 2012). Planning can now be done in a more timely and organized fashion while information can also be backed up and shared easier now. Innovation Innovation can change the planning by adding risk, uncertainty, and interest. The upside of risk is that it can lead to a more desirable offering; however, it can also have a downside. What’s innovative is new, so it has the possibility of not working, which is where uncertainty comes in. Johnson & Johnson has over 250 operating companies around the world which help to evaluate its wide base of customer needs, new scientific developments, and all the newest technology. These three things allow them to get an insight into innovative new products or even new businesses (Johnson & Johnson, 2012). Innovation can also bring the interest of marketers, competitors, and investors (Berry, 2009). Diversity Diversity helps the planning to be flexible and adaptive. A diverse organization is going...
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...Ethics in Research and Development Research and Development (R&D) term carry different meaning in diffenent situation. But everywhere it is related with find out somthing new, somthing better and more wothwhile, wich is used to achive particular goal(s). In a product’s or service’s life cycle R&D is considered as the conception stage. It is considered as invested for a better future. Throug R&D new products, service & idea come. Since in most of the cases it is related with something new and better, practice of ethics in R&D is very importent. A good comitment of ethics in R&D can change the life of greater community and an organization can achieve more confidence and trust from society. Research and development conduct to achieve a goal, maybe it is a business goal or non business goal but always it try to shows new way, new concept and new ideal. Two type of ethical consideration is related with research & development; one is in its objective or goal and another is how this objective or goal researcher wants to achieve. For the betterment of the society goal of research should be ethical and through the way researcher want to achieve this goal must be ethical. For example, a researcher may want to innovate a new medicine for lung cancer, oviously the objective of this research is great, if researche can achieve his goal in this case, it will help the humanity. But for conducting this research if researche collect the human lung through killing...
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...pproaches-to-ethical-decision-making/ For More Courses and Exams use this form ( http://hwguiders.com/contact-us/ ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar (http://hwguiders.com/ ) As a student we are required to evaluate the philosophical approaches for each scenario from Appendix B. Evaluating whether or not the reasoning for the course of action listed makes sense. While working on the evaluation of the philosophical approaches we will discuss if the course of action is the most ethical, the best reasons for making the choices, and the reasons for believing this alternative is ethical. Consequentialism is the intent to maximize the usefulness of a decision. For this the relevance of this act depends on its consequences. For this approach it is essential to have a good ethical decisions and perception of it. With this it is important for students to analyze a decision in how the harmful and/or the benefits. This many philosophers’ debate ht consequences should count Deontology is different because it focuses on the obligation or duty in motivating the decision or the actions of the consequences. This depends on the respect, rights, and fairness. This approach brings up issues related to duty, rights, moral standards, and the principles. Virtue ethics approach focus on the integrity of the individuals and the moral of the community. In order to identify the issues of the ethical actions this act centers instead of...
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...Marketing Ethics 1 Marketing Ethics in Business Jennifer Rebarchick Marketing MBA Misericordia University Summer 2014 Dr. Gargone Marketing Ethics 2 ABSTRACT The field of business ethics and marketing ethics has evolved normatively and substantively over twenty years since the dawn of Business Ethics Quarterly. (Murphy, P. E.; Business Ethics Quarterly. Oct2010; Vol20; I4 (751-733) 3p. There have been positive and negative developments since then. In this paper it will be discussed marketing ethics in business and how this affects the organization I am employed with. I will discuss the definitions of these terms , how ethics is important, what organizations look for in making certain they are following the rules and regulations and some strategies that my organization may look into while dealing with branding or other issues they may face while doing the marketing. DISCUSSION Marketing ethics is defined as the basic principles and values that govern the business practices of those engaged in promoting products or services to the consumers. Sound marketing ethics are typically those that result in satisfaction with the goods and services being promoted. (www.businessdictonary.com) Ethics alone is defined as the basic concept and fundamental principles of decent human conduct. It includes the study of universal values such as essential equality of all men and women, obedience to the law of land, concern for health...
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...ACS Code of Ethics Case Studies & Related Clauses to the Code of Conduct Australian Computer Society July 2012 Title ACS Code of Ethics Case Studies & Related Clauses to the Code of Conduct Authors Committee on Computer Ethics Mike Bowern Version History Date Document Version Revision History (reason for change) Author /Reviser July 2012 2.0 ACS Branding Sarah Li Approvals Date approved Version Approved By Date in force Date of Next Review To be confirmed 17 July 2012 2.0 Ruth Graham 17 July 2012 Custodian title & e-mail address: Responsible Business Group: Distribution: ruth.graham@acs.org.au Professional Standards, Learning & Development General (no restriction on distribution) Content Security: Unclassified Australian Computer Society | ACS Code of Ethics Case Studies & Related Clauses to the Code of Conduct | July 2012 Page 2 ACS CODE OF ETHICS CASE STUDIES & RELATED CLAUSES TO THE CODE OF CONDUCT This document provides a range of case studies with references to relevant clauses of the ACS Code of Ethics. These Codes consists of a series of clauses which gradually expand on aspects of ethical behaviour relevant to professional people in the ICT industry. Clause 2.0 describes the Code of Ethics, summarised as six values: The Primacy of the Public Interest; The Enhancement of the Quality of Life; Honesty; Competence; Professional Development; and Professionalism. Clauses 2.1 through to 2.7 cover the ACS Code...
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...DuPuy MGMT 211 w-07-Caro March 19, 2007 Abstract The Down East Spud Busters (DESB) is a cooperative of potato growers that are originally collected, weighed, wash, graded, bagged, and distributed. They originally represented the potato growers of eastern Canada and northern Maine. We know what the results of the strategic planning was the construction of a large manufacturing plant in northern Maine. The main purpose of this plant is to manufacture and process higher value-potato products. This is only the first of three phases they intend to implement. Meaning, we will start out the organizing for the north eastern region of the United States and parts of Canada. The things that will be covered are organization charts, the use of decentralization, financing the business, sales and distribution, and components of human resources, such as hiring and training of employees. The use of a corporate ethics officer, along with stewards in all branches of the organization will also be covered. Organization Structure It would seem that the company has already made and started to implement a strategic plan with intentions of continuing growth to the international level. But before they move on to the other phases, they need to set up the way they would like or need their organization to run. [pic] The organization chart shows three divisions. Representing the Canadian base as Division A...
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...Training & Development ------------------------------------------------- August 30, 2014 Saint Leo University ABSTRACT This core values essay is about how Verizon’s integrity and ethics play a role on its training program. Verizon is a Dow 30 company with a workforce of over 180,000 diverse employees worldwide. Customer satisfaction is what Verizon depends on for it success. Verizon believes in providing quality, reliable, and innovative products to its customers along with outstanding customer service to ensure their customers are satisfied. I will be addressing the following five questions in this essay to further inform you about how Verizon’s integrity and ethics play a role on its training program. How does the training function support organizational strategy at Verizon? How does training provide a competitive advantage to Verizon? What role do ethics and integrity play in training Verizon? What does Verizon do differently that makes it one of the top 12 training companies in the U.S.? What do you think Verizon could do to improve its training function further? I will begin with how does the training function support the organizational strategy at Verizon. How does the training function support organizational strategy at Verizon? Verizon training function supports its organizational strategy by providing employees with the learning and development needed to maintain pace with fast changing technology and produce a great product to their customers...
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