you believe she had conflicts of interest that were so serious she would knowingly recommend loans that were harmful to her clients’ interests? Explain your answer. Answer: The motives of Cristina were own wealth maximization. She was offered benefits on selling the assigned amount of loans to the Hispanic customers. Otherwise, her own job was at stake. Those workers which did not perform well and were not able to meet their targets were laid off by the bank. Therefore, there was a conflict of
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is useful for developing new product for international market. Argue why reflective imitation can be considered as one of the sustainable business strategy. Generally speaking, there tends to be a negative attitude toward imitation for ones own benefit, especially in business. Oftentimes, imitated products are labeled as “counterfeits, knockoffs” etc. this bias is especially prevalent in the United States, due to the U.S. being more of an innovating market rather than an imitating one. What many
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(i) Identify any THREE (3) unethical issues in your organisation. Nike (figure 1) is a very well-known company which produce quality shoe and athletic wear around the world. It is founded by an athlete named Philip Knight and his couch Bill Bowerman (Figure 2) in January 1964. Its slogan called ‘Just Do It’. The quality and standard of its products have been strongly recognised by people, even though Nike’s products are considered expensive, yet its performance makes it valuable. i. Inhumane
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characters “BUD FOX” and “GORDON GEKKO” played by Charlie sheen and Michael Douglas. Bud fox is a junior stock broker who wants to become rich. He came from an honest middle class working family while Gordon gekko is a ruthless millionaire and a mythical Wall Street player. The theme of the movie is greed for money. How our society is engage in unethical acts for the sake of money. Portrayal of Business World The movie portrayed the business world in a negative way especially brokerage business.
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WorldCom’s Fall From Grace Kenneth L. Fox LDR/531Organizational Leadership January 25, 2010 Leo Maganares Abstract WORLDCOM’S FALL FROM GRACE A review of WorldCom’s financial demise highlights numerous incidents of fraud, manipulation of billing procedures, purchasing of equipment that never arrived, and countless other unethical practices. Top executives at WorldCom were convicted for the corruption that finally bought the telecommunications company down. However
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American Intercontinental University Unit 2 Individual Project MGMT 230- Electronic Business September 2, 2012 Abstract Ethical and unethical laws of the internet can be complex. With email scams and blog spam just to name a few are the unethical ways people are falling into the trap of fraud. In truth email and blogs are not bad when the ethical laws are applied; in most cases they can be very helpful to an e-commerce business. . Unit 2 Individual Project Introduction Having
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to a better stock price. Also, increased prestige and visibility comes with becoming a public traded company. Public traded companies aren’t only good for the company itself, but also they are good for the general public. The general public can benefit from investing in these public traded companies. And investing with multiple public traded companies allows the general public to diversify their investment portfolios protecting their investments. Just to show how lucrative public trading is, eight
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can provide improvements in healthcare by saving lives. If the procedure is successful then there is a newfound permanent solution to prevent genetic diseases. However, it does create disruptive news to the public of whether it is ethical or an unethical choice. Although alteration in genes may have
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characteristics that reflect how a person looks, thinks, acts, and feels. Heredity (genes) and environment (experiences) are the primary sources that shape personality differences. An organization’s code of ethics is derived from individual ethics, which result from the influence of heredity and environment. Personality differences and preferences can impact organizational ethics because each employee in an organization is unique and may or may not act like someone else will act in a similar
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individual’s private interest or outside economic interests interferes with his or her responsibilities to or judgment on behalf of Nordstrom. Conflicts of interest also may arise when a Director, or a member of his or her family, receives personal benefits as a result of his or her position as a Director with Nordstrom. Directors should use good judgment at all times to avoid
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