...The Role of Corporations SOC 120: Introduction to Ethics and Social Responsibility December 1, 2008 The Role of Corporations The recent financial crises on Wall Street command a need for higher ethical standard in business. The behavior displayed by corporate heads has caused society, as well as other business to doubt the ability of these corporations to do the right thing. Because of the day-to-day demand of organizational performance not much attention is made to address unethical corporate behavior. Although current events in the business world have drawn our attention to the wrong doings, it there was more focus the process by which corporations meet the challenges of ethical behavior it may promote the practice of higher ethical standards within the world of business. In the past, corporations had little concern for non-economic ventures. The concern for political and social environments was next to none until they became concerns of society. When corporations decided to turn their attentions to the issues that concerned society the most, such as energy and natural resources, pollution control, equal opportunity, and consumer and worker protection there was much debate as to how these businesses should respond to these issues (Bateman & Snell, 2003). These debates resulted in the concept of corporate social responsibility (CSR) which was issued in 1971 by The Committee for Economic Development, stressed the social role of business as a vital instrument...
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...ETTALONG FORESHORE PROJECT MANAGEMENT PLAN Melanie Deren Student ID: 00112729T MGT201A: Project Management Table of Contents 1.0 Introduction …………………………………………………………………….. 3 1.1 Purpose of the risk management plan……………………… 3 1.2 Background to the project……………………………………. 3 2.0 Project stakeholder map and management………………………………… 4 2.1 Stakeholder list………………………………………………………… 4 2.2 Resources……………………………………………………………… 5 3.0 Project timeline………………………………………………………………… 6 4.0 Cost/budget……………………………………………………………………. 7 5.0 Risk management…………..………………………………………………… 8 5.1 Project risks…………………………………………………… 8 5.2 Project risk mitigation………………………………………… 9 5.3 Qualitative and quantative analysis………………………... 10 6.0 Risk Matrix…………………………………………………………………… 11 6.1 Risk Matrix Key……………………………………………….. 12 7.0 Project challenges and lessons learnt……………………………………... 13 7.1 Lighting…………………………………………………………13 7.2 Coastal inundation and erosion…………………………….. 13 7.3 Noise…………………………………………………………… 13 8.0 Conclusion……………………………………………………………………. 14 9.0 References…………………………………………………………………… 15 1. INTRODUCTION 1.1 PURPOSE OF THE PROJECT MANAGEMENT PLAN This document puts forward a project management plan for the redevelopment of Ettalong Foreshore. The intended audience of this project management plan includes the project manager and team, and the government and community stakeholders. This project management plan aims to present the main considerations, standards and requirements...
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...discussion is to analyze the decision making process of the Adelphia Communication’s executive board, namely John Rigas, and how his decisions not only violated the basic trust of their shareholders but violated the ethical framework of what should have been a successful, solid, honest family business. Ethics is loosely defined as rules of behavior based on ideas about what is morally good and bad (Webster’s on line dictionary). As morality and Ethics are defined as one in the same for the purposes of commonality, the professional liberties taken by Rigas violated what any professional and/or layperson would consider good business practices. The examination of the ethical breaches made by the executive board, namely having motives that were self-serving and actions that contradicted acting dutiful to the wellbeing of the company which was composed of various family members. This not only paved the way for ongoing bad decisions, but ultimately corrupted the fabric of the company so much that when the corruption was finally discovered the company was destroyed in more ways than just financial. The company had lost all public trust from which they could not recover. From the perspective of the deontological framework, the exclusion of the basic principles of proper ethical behavior proved that attempting to create a structured entity without these basic principles may have be personally beneficial in the short term but the reality of unethical business practices did not survive public...
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...Adelphia Communications as seen through the lens of Immanuel Kant deontological ethics. This analysis will be accomplished by providing a brief time lime of the Adelphia, identifying and discussing two key ethical problems raised and describing what is meant by deontological ethics. More specifically this paper will show how Kant’s Categorical Imperative (CI) applies to this scenario. The latter discussion will apply the deontological framework of business ethics to the two key ethical problems by constructing CI to the Adelphia scenario. The supporting material for this discussion can be found at Harvard University’s 2011 lecture: Justice, What’s the right thing to do? as presented by Professor Michael Sandel8. To examine the elements of the case, we will inspect the unethical behavior of five key figures culpable in the “rise and fall of the small town saga of epic dimensions8”. John J. Rigas (Founder), his two sons; Timothy J. Riga’s (CFO), Michael J. Riga’s (VP of Operations), James R. Brown (VP of Finance) and Michael C. Mulcahey (Director of Internal Reporting). By reading the case study we will see how the actions of each of these key actors had a direct impact on the company and through the course of this paper we will see how each is implicated in the ethical study of the scenario5. Adelphia Communications Timeline Despite the actions of its executives, Adelphia Communications propelled from what...
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...Adelphia Communications as seen through the lens of Immanuel Kant deontological ethics. This analysis will be accomplished by providing a brief time lime of the Adelphia, identifying and discussing two key ethical problems raised and describing what is meant by deontological ethics. More specifically this paper will show how Kant’s Categorical Imperative (CI) applies to this scenario. The latter discussion will apply the deontological framework of business ethics to the two key ethical problems by constructing CI to the Adelphia scenario. The supporting material for this discussion can be found at Harvard University’s 2011 lecture: Justice, What’s the right thing to do? as presented by Professor Michael Sandel8. To examine the elements of the case, we will inspect the unethical behavior of five key figures culpable in the “rise and fall of the small town saga of epic dimensions8”. John J. Rigas (Founder), his two sons; Timothy J. Riga’s (CFO), Michael J. Riga’s (VP of Operations), James R. Brown (VP of Finance) and Michael C. Mulcahey (Director of Internal Reporting). By reading the case study we will see how the actions of each of these key actors had a direct impact on the company and through the course of this paper we will see how each is implicated in the ethical study of the scenario5. Adelphia Communications Timeline Despite the actions of its executives, Adelphia Communications propelled from what most called a “shoestring...
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...LEADERSHIP AND ETHICAL DECISIONS PERFORMED BY KENNETH LEWIS AND THE FED DURRING THE FINANCIAL CRISIS OF 2007-2008 November 29, 2010 Introduction The robust leadership decisions of both the Fed and Kenneth Lewis, CEO of Bank of America (B of A), were not only ethical and accurate, but could have simply saved our financial system as we know it. During the weekend of September 13-14, 2008 Kenneth Lewis met with CEO of Merrill Lynch (Merrill), John Thain, in order to try and rescue Merrill from a hasty bankruptcy that lurked around the corner. Lewis was thinking that it was the perfect opportunity to add the only thing that B of A lacked after recent acquisitions, a “Wall Street investment bank that underwrote and sold securities” (Pozen and Beresford, 2010). On December 5, 2008 B of A’s shareholders voted to approve the merger between the two (Pozen and Beresford, 2010). It wasn’t until days later that Lewis became progressively more concerned about the growing fourth quarter losses on Merrill’s books, from $5.38 billion on November 12 to $12 billion on December 14, one month later. By mid December Lewis began looking for a way out of the deal before the scheduled closing date in late January. Both the Fed and the U.S. Treasury Secretary, resisting that Lewis walk away, threatened to fire Lewis and replace the board at B of A if the merger didn’t take place. Lewis, afraid of legalities from not disclosing the losses to their shareholders before the vote, and the drop in...
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...highest-quality doughnuts and great-tasting coffee since it was founded in 1937. Today, Krispy Kreme and its one-of-a-kind Hot Light can be found in over 1000 shops around the world. Currently, Krispy Kreme can be found in 24 countries, including the United States, Australia, Bahrain, Canada, Colombia, Dominican Republic, India, Indonesia, Japan, Kuwait, Malaysia, Mexico, the Philippines, Puerto Rico, the Republic of Korea, Russia, Qatar, the Kingdom of Saudi Arabia, Singapore, Taiwan, Thailand, Turkey, the United Arab Emirates, and the United Kingdom (Overview, 2015). Krispy Kreme differentiates themselves by combining quality ingredients and a vertically integrated production process with a unique retail experience featuring their stores' fully displayed production process, or doughnut making theater. The Krispy Kreme brand has several unique elements that have helped them create a special bond with their customers. Their doughnuts, which are made from a secret recipe that has been in their company since 1937, have a one-of-a kind taste that generations of loyal customers have grown to love. Their Hot Doughnuts Now sign, when illuminated, is a signal to our customers that our signature product, hot Original Glazed® doughnuts, is being made. The Hot Doughnuts Now sign is a strong impulse purchase generator and an integral contributor to their brand’s mystique (Overview, 2015). Analysis It is said that the three factors of fraud are motivation, opportunity and rationalization (Weirich,...
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...213-255_Trevino_08p4.qxd 6/21/06 5:18 PM Page 213 PA R T IV ETHICS AND THE ORGANIZATION 213 213-255_Trevino_08p4.qxd 6/21/06 5:18 PM Page 214 CHAPTER 8 ETHICAL PROBLEMS OF ORGANIZATIONS INTRODUCTION In the third quarter of 2002, the Brookings Institution, a Washington, D.C., think tank, estimated that the corporate scandals that began with the Enron debacle in late 2000 would cost the U.S. economy $35 billion. That is the equivalent of a $10 increase per barrel of oil.1 It is, in a word, staggering. And we may not have seen the end of it. Long before Enron’s collapse, a number of business ethicists and business professionals watched with concern as Wall Street analysts demanded increasingly strong corporate financial performance to support rising corporate stock prices. At the same time, the gargantuan compensation packages (including stock options) of the top executives running these companies became inextricably linked to their companies’ stock prices. In 1990, average CEO pay at major corporations was 107 times the pay of the average worker. By 2004, CEO pay had risen to 431 times the pay of the average employee. (If the pay of average workers in the United States had risen as fast as CEO pay, the lowest paid workers would be earning $23.03 an hour, not $5.15 an hour.)2 It was an “accident” waiting to happen, although everyone was making so much money in the market that no one wanted to admit that something could be fundamentally...
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...On March 5, 2002, the Markkula Center for Applied Ethics convened a panel of four Santa Clara University business ethicists to discuss the Enron scandal. Panelists included Kirk O. Hanson, executive director of the Ethics Center and University Professor of Organizations and Society; Manuel Velasquez, Dirksen Professor of Business Ethics, Department of Management; Dennis Moberg, Wilkinson Professor of Management and Ethics, and Martin Calkins, S.J., assistant professor of management. Edited excerpts from their conversation appear below: Manuel Velasquez: What went wrong at Enron? In ethics, explanations tend to fall into three categories: personal, organizational, and systemic. Personal explanations look for the causes of evil in the character of the individuals who were involved. Did this happen, for example, because the people involved were vicious? Were they greedy? Were they stupid? Were they callous? Were they intemperate? Were they lacking in compassion? Organizational explanations look for causes in group influences. They take seriously the ways that we influence each other when we do things as a group. These influences include the shared beliefs that groups develop about who is important, what is permissible, and how things are done here in this group. These include also the shared values that we call a group culture, the rules or policies groups develop to govern their interactions with each other and the rest of the world. Finally, systemic explanations look for causes...
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...Licensed to: iChapters User Licensed to: iChapters User Business Ethics: A Stakeholders and Issues Management Approach, Fifth Edition Joseph W. Weiss VP/Editor-in-Chief: Melissa Acuña Acquisitions Editor: Michele Rhoades Developmental Editor: Daniel Noguera Editorial Assistant: Ruth Belanger Sr. MarComm Manager: Jim Overly Marketing Manager: Clinton Kernen © 2009, 2006 South-Western, a part of Cengage Learning ALL RIGHTS RESERVED. No part of this work covered by the copyright herein may be reproduced, transmitted, stored or used in any form or by any means graphic, electronic, or mechanical, including but not limited to photocopying, recording, scanning, digitizing, taping, Web distribution, information networks, or information storage and retrieval systems, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the publisher. For product information and technology assistance, contact us at Cengage Learning Academic Resource Center, 1-800-423-0563 For permission to use material from this text or product, submit all requests online at www.cengage.com/permissions Further permissions questions can be emailed to permissionrequest@cengage.com Text Permissions Manager: Timothy Sisler ExamView® and ExamView Pro® are registered trademarks of FSCreations, Inc. Windows is a registered trademark of the Microsoft Corporation used herein under license. Macintosh and Power Macintosh are registered trademarks of Apple...
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...World Bank ------------------------------------------------- Top of Form Week 1: Business Ethics and International Responsibility - Discussion This week's graded topics relate to the following Terminal Course Objectives (TCOs): A | Given an organizational requirement to conform business practices to both the law and best ethical practices, apply appropriate ethical theories to shape a business decision. | I | Given specified circumstances of a business decision to expand to international markets, determine what international legal requirements or regulatory controls apply. | | Click on the links in the "Topics" section to view the discussion topics. Then, click "Respond" to add your thoughts to the discussion thread. | Topics | Introductions (not graded, but required) | The World Bank Situation (graded) | Ethics and Patent Rights Post 9/11 (graded) | Q & A Forum (not graded) | | The World Bank Situation (graded) | Class, please read Chapter 2, problem 5 from the Jennings text, p. 72. This week, we will discuss the Wolfowitz situation at the World Bank. Consider the questions at the end of the problem as you make comments in the threads this week. What are the ethics here? Was Wolfowitz trying to do the right thing? Does that make a difference ethically? Throughout the week, I will bring in further questions. Be sure to read the lecture and the international ethics article stated in your reading for the week as well. Rather than...
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...able to sell large stocks of goods that they produce and create demand for new products and offers, and for consumers because enable them to choose between different types of products on the market. In Latin, ad vertere means "to turn toward".] The purpose of advertising may also be to reassure employees or shareholders that a company is viable or successful. Advertising messages are usually paid for by sponsors and viewed via various old media; including mass media such as newspaper, magazines, television advertisement, radio advertisement, outdoor advertising or direct mail; or new media such as blogs, websites or text messages. BRIEF HISTORY OF ADVERTISING Egyptians used papyrus to make sales messages and wall posters. Commercial messages and political campaign displays have been found in...
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...characters and the society have displayed cruelty and inhumanity among other characters. Heartlessness of humanity is evident throughout the novel. By examining the corrupted values, abuse, and discrimination visible in the society of Afghanistan, it becomes apparent how evil humankind can be. Hosseini portrays the struggles of two young Afghan women, Laila and Mariam, in war riddled Afghanistan. Both women are years apart by age, but are forced to marry an older man, Rasheed, who they do not know. The women learn to co-exist as they endure Rasheed's mental and physical abuse. The women in Afghanistan have to face arranged or forced marriages, poor education and restrictions brought on by the Taliban. The lack of respect and freedom of Afghan women compels them to fight for their rights to halt the inequalities they face in society. Corrupted values are detrimental to society by the fact that it takes away one’s freedom and a chance to live. Marriage is the voluntary union of two people, who choose to be together and nobody else for the rest of their lives. In the case of Afghan women, they deal with forced under-age marriages. Freedom is a basic fundamental right that every person deserves to have. The opportunities to speak, believe, and pursue happiness without any restriction defines freedom of a person. Some Afghan women have been wed off at a very early age, some at the age of thirteen to men much older than them. Although the legal age for marriage in Afghanistan...
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...BACHELOR OF COMMERCE YEAR 3 - ACADEMIC CALENDER | | | Appendix A: ASSIGNMENT COVER SHEET | | | | | | | | | | Date Received: ………………………….. | | | | Date Returned: ……………....………… | | | Programme | BACHELOR OF COMMERCE DEGREE | Module Name | BUSINESS MANAGEMENT 3 | Assignment Number | ASSIGNMENT 1 | Surname | De Villiers | First Name/s | Cornèl | Student Number | BCOM 1121041 | Date Submitted | | Postal Address | P O Box 252 | | Henties Bay | | Namibia | | 9000 | E-MAIL | | myregent email addresss | (Please note that confirmation of assignment receipt as well as | | return assignment will be forwarded to this e-mail address) | E-MAIL | renier@iway.na & Cornel.deVilliers@hbaymun.com.na | (alternate e-mail address) | | Contacte Numbers | Cell: 0812575079 | | Home: 064-500694 | | Work: 064-502022 | Alternate Contact: Name | Renier Henning de Villiers | Relationship | Husband | Contact Number | 0812403219 | | | I hereby confirm that the assignment submitted herein is my own original work. | | | | | Signature of Student: | ……………………………………………………………….Date: ……………………………….. | BUSINESS MANAGEMENT 3: ASSIGNMENT 1 Table of Content: Question: Page: Question 1 3-6 Question 2 7-9 Question 3 10-12 Question 4 13-14 Bibliography 15 QUESTION 1: (40) Read the...
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...The police and neighborhood safety BROKEN WINDOWS by JAMES Q. WILSON AND GEORGE L. KELLING James Q. Wilson is Shattuck Professor of Government at Harvard and author of Thinking About Crime. George L. Kelling, formerly director of the evaluation field staff of the Police foundation, is currently a research fellow at the John F Kennedy School of Government Harvard. In the mid-1970s, the state of New Jersey announced a "Safe and Clean Neighborhoods Program," designed to improve the quality of community life in twenty-eight cities. As part of that program, the state provided money to help cities take police officers out of their patrol cars and assign them to walking beats. The governor and other state officials were enthusiastic about using foot patrol as a way of cutting crime, but many police chiefs were skeptical. Foot patrol, in their eyes, had been pretty much discredited. It reduced the mobility of the police, who thus had difficulty responding to citizen calls for service, and it weakened headquarters control over patrol Officers. Many police officers also disliked foot patrol, but for different reasons: it was hard work, it kept them outside on cold, rainy nights, and it reduced their chances for making a “good pinch.” In some departments, assigning officers to foot patrol had been used as a form of punishment. And academic experts on policing doubted that foot patrol would have any impact on crime rates; it was, in the opinion of most, little more than a sop to public...
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