In the business world, we must separate our own morals from legality ethics because whether we believe we are taking action to help save jobs or businesses, it is necessary to respect our business law of ethics. Ethics should be considered in every choice we make, especially those concerning business and legal decisions. Although, an action is technically considered a legal one, that doesn’t exactly mean that it is ethical. Also, the other way around, just because an action is illegal, is it morally
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the rapid global economy growth and social development, increasing attention and focuses are put upon organisations’ operational ethics. Business operation has transformed from simply making financial profit into a broader sense of responsibility, as the ethical aspects of business operation is closely linked to the long term sustainability of organisations, increase number of organisations are shifting their focus away from making financial profit to making social and environmental contributions(Pedersen:
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STAKEHOLDER ANALYSIS UNIVERSITY July 14, 2014 Stakeholders are a powerful force in business from both an economic and societal point of view. “Stakeholder theory is a theory of organizational management and ethics.” (Phillips, 2003) Stakeholders are the individuals, groups, and organizations who can affect the firm’s vision and mission, are affected by the strategic outcomes achieved, and have enforceable claims on the firm’s performance.” (Hitt, Page 19) “Stakeholders can include employees
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Nova Southeastern University Wayne Huizenga Graduate School Of Business & Entrepreneurship Assignment for Course: – Legal, Ethical and Social Value of Business Submitted to: Professor Submitted by: Muzna Ali Date of Submission: March 2012 Title of Assignment:
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Chapter Four Business Ethics and Social Responsibility: Doing Well by Doing Good Review Questions How do relative ethics compare to universal ethical standards? Should ethics ever be relative? Provide a rationale for your response. Relative ethics apply to you and your family. Universal ethics apply to everyone depending on the situations that they encounter. Ethics should be relative because everyone should be held accountable to know the difference between right and wrong. What is an
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generalized to collective entities, such as corporations? 2. The Question of Responsibility: Can a corporation have moral responsibility? If so, how is responsibility to be diffused and distributed throughout the corporate hierarchical structure? 3. The Question of Liability: Provided that corporations can be meaningfully said to be morally responsible, must their liability necessarily be proportional to their responsibility? 4. The Question of Allegiance: Do the commonly accepted personal virtues
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Code of Ethics Team B HCS/335 June 6, 2011 Code of Ethics Introduction Code of ethics is very important with all the different organizations and businesses that are in the world today. This paper will explain why the code of ethics is important to the organizations, what the relationship between the organization’s culture and ethical decision making is, and is it important that the organization’s ethical values support an individual’s personal ethical values. Code of ethics help an
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No matter whether the discourse is of corporate social responsibility or of sustainability there exists a high degree of scepticism about the reality of corporate activity. Accusations of greenwashing – presenting a false picture – abound. We argue that this is a legacy of past behaviour when such an accusation could reasonably be made about many organisations. Our argument is the CSR is a developmental process and changes as organisations mature in their behaviour and attitude towards both their
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Topic 3: Corporate Social Responsibility and Ethical Business Practices in IM context Companies can no longer ignore social responsibility and ethical behaviors. Many organizations prioritize tangible goals over other factors, especially social responsibility and ethics. However no matter internal or external stakeholders care about how their behaviors effect on society. For the corporations who look for the tangible goal without considering social responsibility and ethics in narrow perspective
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Profile: Dell Inc Description: What is Dell Inc? I. History/Background II. Core Elements & Code of Conduct III. Business Ethics/Strategy IV. Products & Services V. Competition VI. Ethical Umbrella a. Corporate Social Responsibility b. Corporate Accountability c. Corporate Governance d. Environmental Responsibility VII. Financial Highlights a. Comparing 2010 to 2009 b. Comparing 2009 to 2008 VIII. S.W.O
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