...CHAPTER SUMMARY – CHAPTER 1 – ETHICS IN THE WORLD OF BUSINESS Frequently, the ethically correct course of action is clear, and people in business act accordingly. Exceptions occur when there is uncertainty about ethical obligations in particular situations or when considerations of ethics come into conflict with the practical demands of business. In deciding on an ethical course of action, we can rely to some extent on the rules of right conduct that we employ in everyday life. However, business activity also has some features that might limit the applicability of our ordinary ethical views. One distinguishing feature of business is its economic character which can be summarized as the conduct of buyers and seller and employers and employees. A second distinguishing feature of business is that it typically takes place in organizations which is a hierarchical system of functionally defined positions designed to achieve some goal or set of goals. Because business involves economic relations and transactions that take place in markets and also in organizations, it raises ethical issues for which the ethics of everyday life has not prepared us. Decisions making occurs on several distinct levels: the level of the individual, the organization, and the business system. The level of the individual represents situations that confront them in the workplace and require them to make a decision about their own well-being. The level of the organization can be identified...
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...completing the draft and deal in a way that made the transactions look legitimate? b. Is the cooperation between QPI and DOA on pricing (price fixing) and segmenting product sales to customers (market division/Refusal to deal) a horizontal agreement in violation of Antitrust laws? If so, were their actions a per se violation of Section 1 of the Sherman Act? c. Did Nouv’s behavior lack integrity? If so, was his veiled threat and coercion of Betty to remain silent unethical? d. --- Individuals listed below: i. Would the firing of Billy Aged based on his age be disparate treatment and illegal discrimination in violation of the Age Discrimination in Employment Act of 1967? ii. Is firing Cindy Octane due to her future change in marital status be a disparate treatment violation of Title VII of the Civil Rights Act of 1964? iii. Is Tommy Grey 40 years of age or older, and if so, would his firing due to seniority be in violation of the Age Discrimination in Employment Act of 1967? iv. Would firing Belinda Black be an act of disparate treatment and discrimination based on her color in violation of Title VII of the Civil Rights Act of 1964? e. Was Nouv’s unwelcomed sexual advance, innuendo and quid pro quo offer sexual harassment according to Title VII of the Civil Rights Act of 1964? 2. a. Could Cindy’s firing be deemed discrimination under Title VII of the Civil Rights Act of 1964 due to her pregnancy? Additionally, would Cindy’s treatment of being made to sit and wait...
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...SPECIAL-REPORT-Why-Are-Xiaomi-Phones-So-Inexpensive_300x225.jpg Chinese smartphone vendor Xiaomi has made a name for itself by selling iPhone-like gear for almost a third of the price of Apple products. It may sound too good to be true, but the company is managing to sell millions of phones and is already kicking off a global expansion. So how does it pull it off? For one thing, Xiaomi claims to price its phones just above their costs. But company officials also point to its iconoclastic business model, which eschews the financial burden of using traditional marketing and distribution practices, and relies on the Internet to fuel sales. It's made Xiaomi into a company that doesn't operate like a typical smartphone vendor, but still successful enough to become one of China's hottest tech firms. Disrupting the market When Xiaomi unveiled its first flagship Mi 1 phone in August 2011, attention was fixated on the device's price. Consumers could buy what was then a cutting-edge smartphone for 1,999 yuan (US$324). This was a major bargain compared to other high-end phones including the iPhone 4, which started at 4,999 yuan. Xiaomi maintained the initial 1,999 yuan price for the flagship phone. But the company also released its Hongmi line of products, which are lower-spec phones, at even lower prices, starting at 699 yuan. The Hongmi phones are doing so well, they've helped Xiaomi become China's third largest smartphone vendor in this year's first quarter, according to research...
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...CH5. Natural Resource Utilization & Pollution of the Environment * Resource depletion: the consumption of finite or scarce resources. * Pollution: undesirable contamination of the environment by the manufacture or use of commodities. * Conservation: the saving or rationing of resources for future use. * Private costs: costs of production borne by the producer. * External costs: costs of production not borne by the producer. * Social cost of production: = private costs + external costs * Internalization: make producers bear the total social cost of production. * Ecological system: an interrelated and interdependent set of organisms and environments * Ecological ethics: ecosystems as having inherent rights or interests and we have direct duties to them. * Ecofeminism: socio-ethical theory which combines ecological ethics with a critique of paternalistic patterns of domination (top down hierarchical authority structures) in our political and economic institutions as contributing to environmental exploitation. * Unlimited resource view: view encapsulating the attitude of bygone times which regarded the earth’s carrying capacity as unlimited, and air and water as "free goods." * Sustainable growth: a level of economic and population growth which enables each generation to hand down a world no worse than it inherited to succeeding generations, which avoids the Doomsday scenario. * Doomsday scenario:...
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...Weakening to run an ethical business could lead to instant brand decline through negative community exposure. The following paper will scrutinize the issues of ethics and shared responsibility as they interconnect to strategic management. The strategic choices of a large international establishment have the potential to influence millions of individuals across the world. Failing to distinguish the extensive effects of these choices could result in adverse effects on shareholders, surrounding communities, and the environment. Producing a well-documented code of ethics gives firms a proposal on how their conclusions should affect society. Four categories of manager's duties: economic, legal, ethical, and discretionary. These groups classified in order of importance based on the existence of the business (Wheelen 2010). First, economic considerations are those that result in the maximization of profits for the firm. The most important factor in the company must be financially viable in order to exist over the long term. Next, the manager should consider the implications of decisions from a legal standpoint. In some cases, a business may need to make sacrifices in job performance to ensure that it is in compliance will all laws and regulations. For example, a company may choose to conduct a voluntary employment compliance audit to ensure that it is following all anti-discrimination employment...
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...1 ACCT2162 Ethics and Accountability COCA COLA and PEPSI Student name: Pham Thuy Vy Vy Ta lam Han Tieu Thien Tam Assignment: Ethics and Accountability ACCT2162 1|Page 2 ACCT2162 Ethics and Accountability RMIT International University Vietnam Bachelor of Commerce Program ASSIGNMENT COVER PAGE Your assessment will not be accepted unless all fields below are completed Subject Code: ACCT2162 Subject Name: Ethics and accountability Location where you study: RMIT Vietnam- SGS campus Title of Assignment: Group assignment File(s) Submitted: Cocacola_Pepsi Pham Thuy Vy Vy Student name: Tieu Thien Tam Ta Lam Han Student Number: S3325175 S3324340 S3275812 Learning Facilitator in charge: Samia Ibrahimo Assignment due date: 18th April 2013 18th April 2013 Date of Submission: Number of pages including this one: (Please number your pages like this: 13 page 1 of 7, etc.) 2200 words (exclude references, table of content and Word Count: reference) (Main Content) 2|Page 3 ACCT2162 Ethics and Accountability Contents INTRODUCTION....................................................................................................................................... 4 COMPARE AND CONTRAST POLICIES, PROCESSES AND GUIDELINES ......................................................... 5 a) Health and Safe Work Environment: .....................................................................
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...SOCIAL MEDIA ANALYSIS FOR BIG BLUE STORE Lisa Williamson Capella University MBA-6004 Table of Contents Introduction ………………………………………………………………….. 1 Mission and Goals …………………………………………………………… 2 Situation Analysis …………………………………………………………… 3 Competitors …………………………………………………………………. 3 Strategic Analysis …………………………………………………………… 4 Ethical Issues ………………………………………………………………... 4 Recommendations …………………………………………………………… 6 Conclusion …………………………………………………………………… 6 References …………………………………………………………………… 7 Introduction Big Blue Store is a farm, home and auto supply store that originated in Seymour, Indiana and expanded into North Carolina in the late 1970’s. Big Blue Store sells quality products at competitive prices with a concentration on the rural lifestyle. Majority of the customers are farmers, home owners, gardeners and homemakers. While Big Blue Store was in Seymour Indian, they were a part of a 12 store location franchise. Since Big Blue Store moved from Seymour Indiana and relocated to eastern North Carolina. Big Blue Store has locations in Kinston, Clinton and Elizabethtown, NC. The Kinston, NC location was opened in 1977. Since then, Big Blue Store seen a need to expand because of customer traffic and opened a store in Clinton, NC in 1978. During the early 1980’s, the Clinton location was purchased by Del Pollert and the Kinston location was purchased by Butch Bedient who were the respective managers at the time. In 2000, Del Pollert seen a need to expand Big...
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...by creating a robust technological solution. We want our website to drive people to submit their purchase requests online or pick up the phone to call us to generate sales. The solution will reduce inventory by continually turning product into sales. Lastly rework our production process to yield higher efficiency and cost reduction. * Online Growth Potential Can Go’s has seen large growth in their first two years of operation. It is one of the fastest growing small businesses in the area. Can Go has the ability to offer public shares allowing them, to have much more capital to invest in potential new online products. They can build on that success by continuing to attract more investors. Being publicly traded will give them more exposure in the future. * Product Pricing Can Go will establish sales in a relatively inexpensive range, such as games. Games are often popular regardless of the recession. Selling tunes online versus selling $12-$20 CDs are often cheaper, since consumers can only purchase the individual song they want. * Can Go’s Market Share Can Go’s product selections have been well received by the market. Can Go will be able to build of this market potential by using their CRM database with built-in follow-up reminders and analytics for lead conversion to follow prospects we have identified. These invitations are...
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...Donaldson, Diane Shutt, Olu Fayinto, Sabine Kornhaber October 24, 2011 University of Phoenix MGT 216 Paul Nesbitt Delicieux Organizational Profile Delicieux (deh-lee-sye(r) is indubitably the most unique little restaurant serving the tastiest “fast food” in Paris (Speakado, 2007). This relatively small 2200 square foot American owned and supported restaurant is on the ground floor of the majestic Hotel Montpellier (figure 1 right). The beautiful River Bass and the historic La’boeuf Shopping Centre showcasing either side of Delicieux is definitely a location and exposure plus. Averaging more than 40 million satisfied customers in its first two years is a clear statement that the French expansion project was a complete success. Most clearly, the success of Delicieux is accredited to its customers, its stakeholders, the collaborative work of two very different countries, and its exceptionally unique features. This profile identifies considerations before, during, and after the Delicieux expansion project. Additionally, this profile will examine important factors such as ethical practices, legalities of working in a foreign country, and procedures that facilitate decision-making. Management believes making decisions concerning such valuable assets as employees, community ties...
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...services to customers and collaborating with business partners. The first one using this word was IBM when it launched the thematic campaign around the term in October, 1997. Recent years, many companies are rethinking their business in terms of the new culture of the Internet and capabilities. They are using the Web to buy supplies from suppliers, to make sales promotions, and to do the marketing research. In order to understand the moral, ethical and legal issue, it’s necessary to fully understand the advantages and disadvantages compared to the traditional business (The Economist, 2000b). For the buyers, the main advantage is the sale price will be 9% - 16% lower than in brick-and-mortar store (Varian, 2000). Other factors such as vast goods and services offering are also benefits. However, there is a drawback for some people; the cheaper prices are superficially an advantage because online shopping could not provide them with a gratifying social contract. For the seller, there are two significant advantages which should not be forgotten. It can allow interactive communication among user and distance-collapsing. Companies do not have to pay for the higher rent for the retail stores and warehouses. Most e-business companies use the computer to cut the cost of employees’ wages. Companies do not have to wait for cash as they can use electronic payment. There is also a disadvantage which is hard to improve. The products consumers would like to purchase online are low-touch goods...
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...Albert Einstein, once quoted that it has become appallingly obvious that our technology has exceeded our humanity. All the more in this digital age of ours, technology has encapsulated humanity into one global village. It is rightlyfull that innovators of these technology and content providers ought to be rewarded and such was the decision in the recent Court of Appeal case pertaining to BT Plc and TalkTalk Telecom Group Plc -v- Secretary of State for Culture, Olympics, Media and Sport and others. The case in question reaffirmed the validity of the the UK Digital Economy Act. This Act was pushed through by Lord Mandelson, then Secretary of State (SoS) for Business, through a wash-up process; that is after a general election had been called and before the dissolution of parliament, through an accelerated parliamentary process to rush unopposed legislation. The Act received Royal Assent on 8 April 2010, and came into force on 8 June 2010. Parliament is expected to ratify the draft Ofcom Code and draft Shared Costs Order early next year, providing they are passed by the House of Lords, House of Commons and European Commission. Online copyright infringers are to be issued with the first letters warning them about their behaviour, with such notifications due to be issued from early in 2014. The UK Digital Economy Act, like it or loathe it, has been surrounded by an odour from the beginning, and the stench is getting ever more vile. Documents released from Lord Mandelson’s...
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...International Business 8 8 8 8 8 8 9 9 10 10 10 10 B. Respect in the Workplace 1. Behavior in the Workplace 2. Child Labor and Worker Exploitation 3. Wage and Hour Practices 4. Safety, Health and Environmental • Employee Safety • Environmental Quality 5. HIV/AIDS 6. Conflict of Interest • Business, Financial and Personal Relationships • Gifts, Entertainment and Gratuities • Improper Use of Company Assets 7. Employee Privacy 11 11 12 12 12 13 13 14 14 14 14 14 14 C. Respect in the Marketplace 1. Product Safety 2. Bribery and Improper Business Dealings • Commercial Bribery • Improper Payments to Government Officials • Money Laundering and Product Diversion Avoidance 3. Fair Dealing and Fair Competition • Treating Suppliers Appropriately • Treating Customers Appropriately • The Government as a Customer • Treating Competitors Appropriately • Fair Competition • Advertising and Promoting to Consumers Appropriately 4. Consumer Privacy and Confidentiality • Confidentiality • Consumer Privacy 5. Communicating with the Media 6. Research Involving Animals 15 15 15 15 15 16 16 16 16 16 17 D. Respect in Society and Our Communities 1. Community Relations 2. Support of Universal Human...
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...To change or not? By Karim Jamal + Shyam Sunder Illustration: Susanna Denti Has the time come to change the auditor’s report to develop a different grading system and increase the value of auditing to society? Regulatory attempts to improve the functioning of capital markets often try to make corporate activities more transparent. The International Auditing and Assurance Standards Board (IAASB) invited comments on its proposals contained in “Improving the Auditors Report,” with an exposure draft expected to be issued by June. These proposals are intended to make the audit report more useful, and to better communicate the role of auditors. Auditors’ boilerplate, essentially pass/fail, reports reveal little of the fine-grained understanding they gain about the inner workings of their clients, including internal controls, accounting policies, disclosure and governance. The IAASB proposes to replace the current three-paragraph standard by a new four-page report that will add two new elements: an opinion about management’s use of the going concern assumption and an auditor commentary. The rationale for this five- or six-fold expansion under the proposal is that the commentary should help users better understand the audited financial statements and the audit. A sample report in the proposal includes comments on litigation, goodwill, financial instruments, and audit strategy for verifying revenue, receivables and cash receipts, the entity’s internal control over these...
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...Contents Introduction 1 Legal risks 1 Evaluation 1 Children/Members 2 Children 2 Camp Activities 2 Peer Assault 3 Staff / Operations 3 Workplace Violence and Harassment 3 Procurement and Operations 4 Privacy Breach 5 Injuries 5 Slips and falls 5 Equipment Injuries 6 Swimming Pools 6 Vandalism and Theft 7 Disease and Contraction of Illness 8 Financial Coverage 8 Conclusion 8 Appendix 9 Exhibit 1: Cooper Koo Family YMCA Under Construction 9 Exhibit 2: YMCA’s Purpose 10 Exhibit 3: 10 Exhibit 4: 11 Bibliography 13 Introduction The Greater Toronto Area (GTA) YMCA has approved plans to convert the Pan Am Athletes’ Village located on Front and Cherry Street into the largest YMCA centre following the games in 2015.The 82,000 square feet “Cooper Koo Family YMCA” is expected to attract a diverse neighbourhood with an expected population increase of 13.5% by 2020.The green facility currently under construction will be equipped with a full gymnasium including exercise and fitness studios, as well as a swimming pool (Exhibit 1).Cooper Koo is to continue to promote the YMCA’s vision to build healthier communities and commit to the association’s guiding principles to remain ethical, accountable and proactive (Exhibit 2). As Risk Management Consultants in reviewing this project, we are taking the proactive approach to identify and assess the facility’s operational legal risks and to mitigate the major risk areas prior to a breach (Exhibit...
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...I. Introduction Company Profile HBC, Inc. or also known as Hortaleza Beauty Center is a subsidiary of Ang Hortaleza Corporation which manufactures and retails health, beauty, personal, and home care products. It offers make-up products for face and accessories. The company also provides skin and body products, including body butter products, anti-aging lotions, foot treatments, lotions and creams, bar soaps, body scrubs, lightening powders, body oils, fragrances and scents, deodorants, intimate wash products, body wash products, body masques, and hand sanitizers; facial care products, including washes and scrubs, toners and cleansers, moisturizers, and correctives/solutions; and hair products, including hair coloring creams, shampoos, hair treatments, cleansing products, styling, and straightening treatments. In addition, it offers health and wellness products, including supplements, liniments, insect repellers, and skin treatments; salon tools, including hair dryers, curling equipment, hair irons, foot spa machines, and cuticle nippers; oral care products, including toothpastes, mouthwash products, and travel packs; and drinking water. Further, the company provides home care products, including detergent powders, detergent bars, liquids laundry detergents, and fabric conditioners; dishwashing liquids; and toilet bowl cleaners. Its products are available online and through its chain of retail stores in the Philippines; and franchised and internationally stores. History ...
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