...SCHOOL OF BUSINESS Project 1: role of ethics and social responsibility in business decision making Tobias Endjala 200414518 Business Law & Ethics Project 1 Dr Jacqui Meyer 14 January 2015 Part A Roles of Ethics 1. Definition of business ethics: Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. Or Business Ethics: can be defined as the critical, structured examination of how people and institutions should behave in the world of commerce. In particular, it involves examining appropriate constraints on the pursuit of self-interest, or (for firms) profits, when the actions of individuals or firms affect others. Why it is important to understand ethics’ role in business? * To attract customers to the firm's products, thereby boosting sales and profits * Make employees want to stay with the business, reduce labor turnover and therefore increase productivity * Attract more employees wanting to work for the business, reduce recruitment costs and enable the company to get the most talented employees * Attract investors and keep the company's share price high, thereby protecting the business from takeover. Unethical behavior or a lack of corporate social responsibility, by comparison, may...
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...Ethics and Social Responsibility Essay Nampung Panpaisal Northeastern University College of Professional Study The general purpose of project management is to advance the projects toward success, which includes ensuring they are completed on time, within budgetary constraints, of high quality, and they accommodate the assigned responsibility. To accomplish projects, laborers may capitalize on various theories and principles as guidelines. Examples of this include following project management process in an orderly fashion, starting with initiation, moving to planning, advancing to execution, following with monitoring and control, and wrapping up with closure. This also is best done by adhering to project management knowledge areas, which include management of scope, risk, time, budget and additional components that are integral to the process. The successful execution of these practices helps with the efficient advancement during each step of the project. Furthermore, completing tasks with ethical and social responsibility is another vital step of the process as project team members will be more coordinated when directing tasks. Merging efforts also aids the cooperation of team members. Different projects require the involvement of laborers with assorted skills and these workers hail from varied backgrounds and cultures, possess unique knowledge bases, and have endured an array of experiences. While these combinations can prove to be successful to projects, they also...
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...Available online at www.sciencedirect.com International Journal of Project Management 27 (2009) 456–463 www.elsevier.com/locate/ijproman E-ethical leadership for virtual project teams Margaret R. Lee * Capella University, 225 South Sixth Street, Minneapolis, MN 55402, United States Received 30 March 2008; received in revised form 21 May 2008; accepted 27 May 2008 Abstract This paper presents a review of current literature on ethical theories as they relate to ethical leadership in the virtual business environment (e-ethics) and virtual project leadership. Ethical theories are reviewed in relation to virtual project management, such as participative management, Theory Y, and its relationship to utilitarianism; Kantian ethics, motivation, and trust; communitarian ethics, ethic of care and egalitarianism; Stakeholder Theory; and the use of political tactics. Challenges to e-ethical leadership are presented and responses to these issues discussed. The conclusion presents four propositions for future research. The purpose of this paper is to identify secondary literature on e-ethics and how this new area of business ethics may affect the leaders of virtual project teams. Ó 2008 Elsevier Ltd and IPMA. All rights reserved. Keywords: E-ethics; E-leadership; Virtual project management; Virtual teams; Project management; Ethics; Project leadership; Ethical project leadership; E-ethical project management; Sensitive material; Code of conduct; Social isolation; Virtual...
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...|Project Title: | |Proposer(s): |PI and collaborator/RA names |Date: |…of completion of risk assessment form | | | | | | | | | | | | | | | | | | | | | | |Reference No.: | | | | | | |Potential Risk Factors |Probability of Risk Arising (H/M/L) |Impact (H/M/L) |Risk Indicators |Control Mechanisms |Named Risk Lead | |Financial |Funder/commissioner problems: Funders’ insolvency? Failure to deliver promised funds? Last minute budget changes – under-funding? Matched funding not available? No infrastructural support? Funding delays in monies...
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... | | |Ethics and Social Responsibility | | |PD12BSB07 ( 04/10/2013 - 05/08/2013 | Copyright © 2011, 2010 by University of Phoenix. All rights reserved. Course Description This course provides a foundational perspective for ethics and social responsibility in relationship to individuals, organizations, and the community. Emphasis is placed on the interrelated nature of ethics, morality, legal responsibility, and social issues. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Boylan, M. (2009). Basic ethics: Basic ethics in action (2nd ed.). Upper Saddle River, NJ: Pearson. Trevino, L. K. & Nelson, K....
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...PROJ 587 WEEK 6 QUIZ SET Purchase here http://devrycourse.com/proj-587-week-6-quiz Product Description Version 1 1. Questions: (TCO D) As a project manager, dealing with conflict is part of the job. There are many sources of conflict; one source that is often overlooked is the manager. Based on the Week 4 reading and lecture, what major ways do people deal with conflict? Share a personal experience of conflict and how you dealt with the situation. 2. Questions: (TCO E) In order to have a high-performance team you must first recognize the qualities of a high-performance team. Describe at least five qualities of a high-performance team and then what can be done to develop those qualities in a team. 3. 3. Questions: (TCO F) The PMI® Code of Ethics is made up of four areas: responsibility, honesty, respect, and fairness. Discuss the area of responsibility and what it means for you, the project manager. 4. Questions: (TCO F) When developing a stakeholder matrix, the portfolio manager must look at the portfolio governance in order to complete the stakeholder analysis. In your own words, what is the role, interest and expectations of the governance? Version 2 1. Question: (TCO D) As a project manager, dealing with conflict is part of the job. There are many sources of conflict; one source that is often overlooked is the manager. Based on the Week 4 reading and lecture, what major ways do people deal with conflict? Share a personal experience of...
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...Project Management Institute Code of Ethics and Professional Conduct CHAPTER 1. 1.1 VISION AND APPLICABILITY Vision and Purpose As practitioners of project management, we are committed to doing what is right and honorable. We set high standards for ourselves and we aspire to meet these standards in all aspects of our lives—at work, at home, and in service to our profession. This Code of Ethics and Professional Conduct describes the expectations that we have of ourselves and our fellow practitioners in the global project management community. It articulates the ideals to which we aspire as well as the behaviors that are mandatory in our professional and volunteer roles. The purpose of this Code is to instill confidence in the project management profession and to help an individual become a better practitioner. We do this by establishing a profession-wide understanding of appropriate behavior. We believe that the credibility and reputation of the project management profession is shaped by the collective conduct of individual practitioners. We believe that we can advance our profession, both individually and collectively, by embracing this Code of Ethics and Professional Conduct. We also believe that this Code will assist us in making wise decisions, particularly when faced with difficult situations where we may be asked to compromise our integrity or our values. Our hope that this Code of Ethics and Professional Conduct will serve as a catalyst for others...
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...Business Ethics One of the ethical challenges facing businesses today is hiring employees that are likely to support the company's ethics. A company can interview, review applications, resumes, references and work history to determine if a potential employee is qualified for a certain position. However, it is difficult to determine if the potential employee's business ethics are comparable with the company's ethics until the employee is actually hired. (Mayhew, 2013) Another ethical challenge facing businesses today is corporate governance. This is basically making sure that high level executives do not engage in unethical business practices. High level executives have a responsibility to run the business in an extremely ethical way. High level executives symbolize the organization and it's ethics. They are responsible for developing the behavior and practices for the organization's management and staff to follow. (Mayhew, 2013) Social Responsibility One of the social responsibility challenges facing businesses today is consumer skepticism. Consumers are unconvinced that organizations are simply acting in the best interest of the environment and the community when they attempt a socially responsible undertaking. Most consumers believe that it is a marketing ploy. (Toolkit, 2013) Another social responsibility challenge is making sure that projects are sustainable. An organization will take on a project when the financial conditions are good. However, when the...
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... | | | | Abstract Contained within are various aspects and strategies pertaining to ethics in business and the various roles and responsibilities key individuals involved must initiate to ensure that the assignment, task or project is accomplished not only within the determined timeframe and budgetary constraints but more important, the actions and interactions of all parties are not compromised nor violate any prescribed regulations. Furthermore, discussion is rendered pertaining to social responsibility within the business sector and its significance in determining growth and awareness of one’s business or company. Social Responsibility and Business Ethics Introduction In today’s society, people are constantly in a mad race to either develop and implement the next product or service that becomes the flagship item that everybody seeks possess or become that individual who possesses the latest technological advancements or branded items assisting in their daily ebb and flow operations. Such responsibilities - objectives and tasks - must be accomplished in a respectable manner whereupon the integrity of the action is not subjected to intense scrutiny, criticism or penalties inflicted by the...
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...PROJ 587 WEEK 6 QUIZ SET Purchase here http://www.proprofs.com/training/course/?title=proj-587-week-6-quiz Product Description Version 1 1. Questions: (TCO D) As a project manager, dealing with conflict is part of the job. There are many sources of conflict; one source that is often overlooked is the manager. Based on the Week 4 reading and lecture, what major ways do people deal with conflict? Share a personal experience of conflict and how you dealt with the situation. 2. Questions: (TCO E) In order to have a high-performance team you must first recognize the qualities of a high-performance team. Describe at least five qualities of a high-performance team and then what can be done to develop those qualities in a team. 3. 3. Questions: (TCO F) The PMI® Code of Ethics is made up of four areas: responsibility, honesty, respect, and fairness. Discuss the area of responsibility and what it means for you, the project manager. 4. Questions: (TCO F) When developing a stakeholder matrix, the portfolio manager must look at the portfolio governance in order to complete the stakeholder analysis. In your own words, what is the role, interest and expectations of the governance? Version 2 1. Question: (TCO D) As a project manager, dealing with conflict is part of the job. There are many sources of conflict; one source that is often overlooked is the manager. Based on the Week 4 reading and lecture, what major ways do people deal with conflict? Share...
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...JJT2 Social Responsibility Western Governors University Social Responsibility Corporate Social Responsibility Business and Society: Stakeholders, Ethics, and Public Policy (Lawrence & Weber, 2011) defines corporate social responsibility (CSR) as the way a company acts that enhances society and its inhabitants and is held accountable for its actions that affect people, their communities and their environment. Many companies now track their CSR score through the use of rating organizations and customer surveys, and publish the results in their annual reports. They recognize their investors and customers want to understand how companies are taking environmentally responsible actions. Sunfun Company Sunfun (name has been changed) is a global provider of renewable energy solutions. It has two distinct lines of business. One is as a manufacturer of solar panels. The other is as an engineering, procurement and construction (EPC) company to build utility scale, ground mounted solar power generating plants. From its website (sunfun.com), its mission statement “is to create enduring value by enabling a world powered by clean, affordable solar electricity.” Its value proposition is to “offer an eco-efficient energy solution that provides more solar electricity, at a lower cost, and with the smallest environment impacts per kWh.” Environmental Considerations and Recommendations As a renewable energy company Sunfun has an obligation and financial incentive to operate in an environmentally...
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...The Responsibility Project 1 RUNNING HEAD: The Responsibility Project The Responsibility Project ETH 316 January 27, 2014 Professor Mary Sortino The Responsibility Project 2 The Responsibility Project A short film was chosen to view on the Responsibility Project website. The film chosen was named Greyston Bakery. The film highlights some very important issues concerning business and their place within their community. The film explores how external social pressures influenced the organizational ethics of the bakery and its management. These issues have proven relevant to both personal and organizational decision making. The film also presents the viewer with information regarding the relationship between ethics and the law as they pertain to business operation. The short film is about Greyston Bakery which is famous for the brownies it makes and sells. Despite the success of the brownie Greyston CEO Julius Walls Jr wants people to be aware of what is happening behind the scenes at his company. He views the profits of his company as the means to supporting a mission. Walls Jr classifies Greyton as a social enterprise in which there are two bottom lines, one for profits and one for a social mission. The film presents the external social pressure of giving back to the community. Greyston Bakery focuses one of its social efforts on providing employment to people within its own community using an open hiring process. Open hiring allows an opportunity for employment to anyone...
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...Personal Responsibility Essay Hiba Sohaib GEN/201 July 14, 2014 Efren Ordaz Personal Responsibility Essay Personal Responsibility is when a person takes full responsibly of their own actions. In more detail, “Personal responsibility is the willingness to both accept the importance of standards that society establishes for individual behavior and to make strenuous personal efforts to live by those standards.” (Haskins, July 2009, The Sequence of Personal Responsibility). Even though you can sometimes step back or neglect personal responsibilities, they are important in order for one to succeed as a student because it gives you an idea of how to go further in life by setting realistic life and career goals for yourself as well as giving you the opportunity to make ethical decisions. I believe personal responsibility is important in order to succeed as a student. When a person accepts their personal responsibilities, they cannot blame anyone but themselves for any failures they may face. Any action I take, not only in my academic life but also my personal life, reflects directly on me and the person I am. As a student I try to study hard and learn as much as I can from all my courses, especially the ones that challenge me. I put in extra effort to help myself understand or solve a problem, as this will help me achieve good grades and evolve and grow as a person. If I fail in any way, I set myself goals to do better and achieve better, and when I reach those goals, I make...
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...What is business ethics? There are many different definitions of business ethics. In general, the term is used to mean a form of applied ethics in which a system of ethics and morality is applied in the business world. The exact application of business ethics will differ from organization to organization, and place to place. Different organizations deal with different stakeholders, different clients and customers, and different dimensions of the work world, industry, and market. The way business ethics must be applied is determined by the nature, mission, purpose and goals of a given company. The universal purpose of business ethics is to ensure that companies treat their workers, partners, clients, and any other involved shareholders or stakeholders with ethical and moral integrity. Business ethics used to be taken for granted and assumed, almost as an extension of the personal ethics of those involved in the business. In more recent years, however, following different issues including the 2001 Enron scandal, individuals and businesses have focused more on analyzing and formalizing business ethics (cf WiseGeek, retrieved 2010). A Model Organization: Integral business ethics in terms of social issues, legal issues, and profit. Taking a fictitious restaurant food supply organization called The Ultimate Deal, as an organization that serves as a model of business ethics, the practical implications of business ethics can be explained. The Ultimate Deal, as a restaurant...
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...INTRO Business Ethics (also known as corporate ethics) is a form of applied ethics or professional ethics that studies the ethical principles and moral or ethical problems that arise in a business environment (source: Wikipedia). This applies to all aspects of business conduct and is relevant to the behavior of individuals and organizations overall business. Applied ethics is a field of ethics dealing with ethical questions in many fields such as medicine, engineering, law and business ethics. Business ethics can be a discipline both normative and descriptive. As the practices of the company and a career specialization, the field is primarily normative. The scope and quantity of business ethics reflects the degree to which its business is considered contrary to the social values of non-economic. , For example, today most major corporate sites put pressure on the commitment to promote social values of non-economic under various posts (eg code of ethics, social responsibility). In some cases, companies have to reformulate their core values in the light of considerations of business ethics....
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