...In this task I have been asked to explain the ethical concerns facing the communities in which my selected business operates and suggest measures that could be taken to improve corporate responsibility. What is corporate social responsibility; ( CRS) is about understanding my business impact on the wider world and considering how my business can use this impact in a positive way. Nike impact to the local community: Benefits; Nike opening new stores or factories will create more jobs which will mean more people in jobs and numbers of employed people down in the area they are operating in. Nike opening new stores in a local community will benefit the locals by giving them wider choice to pick from. Nike opening new stores or factories in a local community will benefit the locals and local councils in terms of investment in deprived areas. Nike operating in local communities will mean more sponsorships of local groups Nike operating in local communities will also mean convenience shopping for locals and also benefit of bringing in tourist and new people into the local community. Nike also operating in a local community could mean investment in the community in terms of reviving run down high street. Drawbacks; Nike opening new stores in a local community will be drawback for competing businesses in the same industry as Nike, as Nike is a major high street brand they are likely to drive out local businesses competing for same customers. The impact this has on the...
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...XMGT/216 Business Ethics Across Cultures In this paper, I will be reviewing the business ethics found in two countries, each from a different continent. The two countries I have chosen are China and Mexico. The articles I have located for this research are both drawn from the University Library, the first one being Business Ethics and Social Responsibility in Contemporary China, by St. Clair and Norris, the second being Introduction to Central America and Mexico: Efforts and obstacles in creating ethical organizations and an ethical economy, by Collins and Whitaker. I will be reviewing China first, followed by Mexico. Chinese Business Ethics In their article, St. Clair and Norris examine the source of Chinese business ethics from multiple angles. Socially, culturally, and politically, the business atmosphere is quite different in China than it is here in the US. There is, really, no formal culture or system of business ethics for the general, private business sector (St Clair & Norris, 2011). Since its induction into the World Trade Order in 2001, China has modified its business regulations quite significantly to ensure that its businesses operate within the WTO guidelines. However, transition and reform aside, centralized decision making, internal bargaining, and bureaucratic red tape still seem to be the norm, despite the decentralization of many industries and the growth of consumerism. This turn towards progressive business ethics could be due to the recent scandals...
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...Business Ethics Across Cultures Article Review | XMGT/ 216 | | | | RENEE | 9/4/2011 | | What business ethics are in today’s world? What ethical issues within today’s business environment affect our community and organizations? These topics will be addressed in the following paragraphs. Before one can begin to address ethical business issues that affect our community and organizations, one must first define what business ethics are. Business 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 business organizations as a whole. Applied ethics is a field of ethics that deals with ethical questions in many fields such as medical, technical, legal and business ethics. Business ethics can be both a normative and a descriptive discipline. As a corporate practice and a career specialization, the field is primarily normative. In academia descriptive approaches are also taken. The range and quantity of business ethical issues reflects the degree to which business is perceived to be at odds with non-economic social values. Historically, interest in business ethics accelerated dramatically during the 1980s and 1990s, both within major corporations and within academia. For example, today most major corporate websites lay emphasis on commitment to promoting non-economic...
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...Section 1: Introducing business ethics. Key idea: Globalization, defined as deterritorialization of economic activities, can be seen as a key context for business ethics. The effect of this is that the more business become global, the more it has to cope with regions and countries where ethical values are vastly different, p. 17, 19, 24, learning outcome 1, 2. Question 1: In which of the following areas is it not evident that deterritorialization is particularly relevant to business ethics? 1. Legal issues 2. Cultural issues 3. Personal issues 4. Accountability issues Question 2: Globalization can be seen to affect all stakeholders of the corporation. Mention four of these, explain how they are affected and provide an example. * Shareholders: globalization provides potential for both profitability and greater risks. * Consumers: global products provide social benefits to consumers, but could also meet protests. * Government and regulation: globalization weakens governments and increase corporate responsibility. * Employees: globalization provides job through outsourcing of the production, but can also raise potential for exploitation of employees through bad working conditions. * Civil society: global business activity brings the company in direct interaction with local communities, thereby raising the possibility for erosion of traditional community life. * Suppliers and competitors: Suppliers in developing countries face regulation...
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...According to International Business Ethics Institute, understanding business ethics can be problematic in the sense that, this field is vast, often encompassing many concerns such as corporate governance, social responsibility, reputation management, accurate accounting and audits, fair labor practices and environmental stewardship to name a few. Moreover, it generally addresses the entire scope of responsibilities and obligations that a company has to each of its stakeholders like clients, employees, shareholders, suppliers and the community. To simply define business ethics, it is a form of applied ethics where it inculcates a sense within a company’s employees on how to conduct business responsibly. Business ethics seems easy to understand but when you get to the real one, you could find yourself in a confusing situation. Since the term ethics can pose many definitions in a broad context and it can be difficult to find a common understanding of the term, hence, most companies refer the concept of the term ethics as integrity, business practices or responsible business conduct. After you have known the basic definition of business ethics, you would now begin to know the business ethics of a chosen company. This paper aims to give some views on how Hewlett-Packard, an international company which provides mostly computer technologies worldwide, imposes their generally-established business ethics which means to say that it is enforced to their branches all over the world. Hewlett-Packard...
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...VRIJE UNIVERSITEIT AMSTERDAM COURSE ETHICS 4.3 with special reference to PROFESSIONAL ETHICS Code 61432100 [final version January 10, 2012] Academic year 2011-2012 Period 3: January. Faculty of Economics and Business Administration: MSc Program Business Administration. Prof. dr. Eduard Kimman course assistant: Karin Tjeerdsma (k.t.tjeerdsma@vu.nl) Background This course, in the setting of various Master Programmes at the Faculty of Economic and Business Sciences, is about the morality of professional people acting in the context of a business organization. Business organizations or organizations as such do have a formal structure in which responsibility ultimately lies with a director or the board of directors. A business organization forms a context for a great variety of decisions. In a juridical perspective the organization is the bearer of numerous transactions. Inside organizations one may find remarkable opportunities for just or unjust behaviour, for moral or immoral behaviour, for situations of equality or inequality which deserve to be evaluated ethically. As FEWEB is a school for the study of economics and business administration in an economic perspective we focus on so-called “economic decisions” which are decisions being taken with some form of economic calculus. In this course we will spend time on questioning whether the economic or financial outcomes of these decisions are morally neutral or deserve some further moral investigation...
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...The Importance of Business Ethics Business ethics has been described as a social science; it is a vast field and can often be problematic as it tends to mean different things to different people. It generally addresses the entire scope of responsibilities and obligations that a company has to each of its stakeholders. The term ethics can have many different definitions in a broad context and it can be difficult to find common understanding of the term which will be later discussed. Business ethics poses many different advantages and opportunities for businesses once correctly done. Business ethics refers to “managing corporate citizenship and sustainability in the age of globalization” (Crane, A., Dirk, M. 2004). Ethics is broadly concerned with the values underpinning action or behaviour’s for the individuals, organisations or societies. Being ethical is an aim of corporate governance and should be supported by the framework of controls within an organisation, however it is often a very complex problem which requires an in-depth understanding of the many factors which contribute to employees’ decisions to behave ethically or unethically (Stead and Worrell, 1990). Ethics within a business are often the moral standards which are relied upon in order to reach a conclusion and make decisions; they are implemented in order to ensure that a certain required level of trust exists between consumers and various forms of market participants within a business. Public interest has...
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...Department: B.B.A Course: Introduction to Business Course Code: BUS 101 “Asssignment on” Why we should study business?including its success,failure,history and principels. Assignment No: 01 Prepared for: Farhana Nusrat Rumman Prepared by: Md. Mahadi Hasan Shawon ID: 2016-1-10-323 Submission Date: Why we should study Business: The study of business will help us to increase our skills,sharpen our knowledge and understand the business and economic links among nations.There are some other reasons for which we study business: 1.Increasing dependence on others: Over the years,people have become more and more dependent on others.The knowledge of business is increasing the understanding of mutual dependence through business system.For example-you drive a car that is manufactured in Japan. 2. International opportunities: In the 21st century,it has become indispensable for every one especially individuals educated in business to take exiting opportunities that will exit around the world.By studing business they can know how to start,operate,and sustain business successfully in the competitive world. 3.Improving standard of living: Standard of living indicate measure of how well a person or family is doing in terms of satisfying needs and wants with goods and service.This is possible through their knowledge of business.so we must study business to develop our standard of living. 4.preventing misconceptions: Understanding business also prevents us accepting misconceptions...
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...Business Ethics Dirty To The Core Seandel Gibson Business-Law Professor- Mr. McLamore June 11, 2012 Business Ethics Abstract Ethical behavior isn’t an act but a habit, just as good health requires cultivating the habits of getting enough sleep and eating wholesome food, Aristotle believed that right action was the result of developing good moral habits. In a business context, this means training and, at the deepest level, something we call “corporate culture.’ Although Ethical management is being given a higher priority by many management teams, a wealth of evidence reveals that managers are still unclear about how to institute strategies and systems that encourage ethical conduct and help create a moral corporate culture. Many managers have opted for the simple route of promulgating rules and instructing everyone to follow them. Not only is this approach providing ineffective in today’s decentralized business environment, it also denies employees any chance to become part of the ethical fabric of the organization. Business Ethics Corruption is defined by transparency international as the misuse of public power for private gain. It takes many forms and can be intensely...
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...UNIVERSITY OF WALES: TRINITY SAINT DAVID PRIFYSGOL CYMRU: Y DRINDOD DEWI SANT School of Business, Finance and Management Ysgol Busnes, Cyllid a Rheolaeth Business Ethics and Social Responsibility SBUS6003 October 2015 – Term 5 February 2016 – Term 6 SBUS6003 Business Ethics and Social Responsibility MODULE CODE: TITLE: DATED: SBUS6003 Business Ethics and Social Responsibility 02/06/2011 LEVEL: CREDITS: 6 20 TEACHING METHODS: Lectures Workshops Independent Study JACS CODE: N200 8% 16% 76% AIM(S) • To introduce students to the particular problems and opportunities experienced in adopting or ignoring corporate social responsibility. • To develop students’ understanding of the relationship between business ethics and management decision making • To develop students understanding of sustainable business issues and how they can be managed, promoted and developed in a business context. LEARNING OUTCOMES By the end of this module students should be able to: • critically evaluate the tipple bottom line of sustainability as a key goal for business ethics; • critically evaluate the role of ethical theory in decision making in business. • critically appraise stakeholder expectation and its relationship with corporate governance and social responsibility; • research and critically analyse ethical challenges in different organisations; • investigate and critically evaluate an organisation’s management of corporate...
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...TopicsAcceptance EssaysArtsCustom PapersEnglishForeignHistoryMiscellaneousMoviesMusicNovelsPeoplePoliticsReligionScienceSportsTechnology Business Ethics What is business ethics? According to International Business Ethics Institute, understanding business ethics can be problematic in the sense that, this field is vast, often encompassing many concerns such as corporate governance, social responsibility, reputation management, accurate accounting and audits, fair labor practices and environmental stewardship to name a few. Moreover, it generally addresses the entire scope of responsibilities and obligations that a company has to each of its stakeholders like clients, employees, shareholders, suppliers and the community. To simply define business ethics, it is a form of applied ethics where it inculcates a sense within a company’s employees on how to conduct business responsibly. Business ethics seems easy to understand but when you get to the real one, you could find yourself in a confusing situation. Since the term ethics can pose many definitions in a broad context and it can be difficult to find a common understanding of the term, hence, most companies refer the concept of the term ethics as integrity, business practices or responsible business conduct. After you have known the basic definition of business ethics, you would now begin to know the business ethics of a chosen company. This paper aims to give some views on how Hewlett-Packard, an international company which provides mostly...
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...10 Business Ethics/Social Responsibility/Environmental Sustainability 1) Many people consider it unethical for a firm to be socially irresponsible. Answer: TRUE Diff: 1 Page Ref: 310 AACSB: Ethical Understanding and Reasoning Abilities Objective: 10.01 Explain why good ethics is good business in strategic management. Learning Outcome: Discuss the roles of ethics and social responsibility in strategic management 2) Social responsibility refers to actions an organization takes that are legally required to protect or enhance the well-being of living things. Answer: FALSE Diff: 2 Page Ref: 310 AACSB: Ethical Understanding and Reasoning Abilities Objective: 10.01 Explain why good ethics is good business in strategic management. Learning Outcome: Discuss the roles of ethics and social responsibility in strategic management 3) Sustainability refers to the extent that an organization's operations and actions protect, mend, and preserve rather than harm or destroy the natural environment. Answer: TRUE Diff: 1 Page Ref: 310 Objective: 10.05 Discuss specific ways that firms can be good stewards of the natural environment. Learning Outcome: Discuss the roles of ethics and social responsibility in strategic management 4) Good ethics is not a prerequisite for good strategic management. Answer: FALSE Diff: 2 Page Ref: 311 AACSB: Ethical Understanding and Reasoning Abilities Objective: 10.01 Explain why good ethics is good business in strategic...
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...MGT3110 Business and Society MODULE HANDBOOK 2013-2014 Module Leader (London): Dr. Andrea Werner Module Tutor (Dubai): Mr. Kieran Ross Middlesex University Dubai Business School Table of Contents 1. INTRODUCTION AND MODULE SUMMARY.............................................................3 Module aims .................................................................................................................3 Contacts .......................................................................................................................3 Module Website on MyUniHub .....................................................................................3 Learning Outcomes ......................................................................................................4 Assessment Scheme ...................................................................................................4 Employability Skills.......................................................................................................4 Code of Conduct ..........................................................................................................5 2. LEARNING MATERIALS ............................................................................................6 3. TIMETABLE AND TEACHING PROGRAMME ...........................................................8 Lecture and Seminar Schedule.................................................................................... 8 Lectures...
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...BTEC Business Level 3, Unit 37: Understanding Business Ethics Businesses are limited in what they do. Sometimes by laws and sometimes by the conventions and social codes we live by. Gathered together these are what we refer to as ethics and they can apply to every aspect of business behaviour. Whereas it could be argued that most laws have there origins in ethics, ethical behaviour, by individuals and business go beyond legal requirement and are discretionary, that is to say we can choose to follow them or not. Businesses have not always behaved ethically and many still do not. This unit examines what pressures there are on businesses to behave in an ethical manner. Learning outcomes On completion of this unit you should: 1 Understand the meaning and importance of ethics in the business world 2 Understand the implications of businesses operating ethically 3 Know the social implications of business ethics 4 Understand ethical concerns facing different communities. Context: You have been asked to research and draw up a report explaining business ethics for an organisation that is about to be floated on the stock exchange. The report will demonstrate an understanding of ethical business behaviour; the implications of it and why it is increasingly seen as such a serious issue for more and more businesses. P1 explain the ethical issues a business needs to consider in its operational activities. • Begin by explaining your own understanding of the term...
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...BUSINESS ETHICS Name Institution of Affiliation Introduction The business environment is changing to embrace ethical conduct in the performance of duties and activities of individuals in professional setting. Nowadays, companies are exposed to public scrutiny where their corporate social responsibility and social accountability are assessed. A shift towards rethinking the various functions of a business entity to encompass ethics into their daily management activities has been undertaken as entities seek to be market leaders. Business ethics encompasses the relationship the company has with the employees, customers, shareholders and the community. Business ethics is the analysis of business activities and situations where issues pertaining what constitute a right or wrong act are dealt with through institutional processes (Jennings, 2011). Consequently, ethics involves ascertaining good practices from bad practices based on the context of morals. On the other hand, moral conduct is the behaviour exhibited by human beings that can either be right or wrong depending on the context whereas business ethics. Business ethics can be viewed from two distinct perspectives; descriptive ethics and normative ethics. Normative ethics ascribes to the justification of moral systems whereas descriptive ethics depicts what ethical practices are. Ideally, the paper will delve into more details concerning what business ethics entails and the importance of business ethics...
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