for the creation of the intellectual property. Using a free market approach to innovation based on Western moral philosophy, we suggest that treating intellectually protected life saving/life sustaining innovations as public goods will likely reduce social welfare over the long term. KEY WORDS: entrepreneurship, ethics, innovation, intellectual property rights, policy ‘‘For the Scripture says, ‘Do not muzzle the ox while it is treading out the grain,’ and ‘The worker deserves his wages’ ’’ 1 Timothy
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acquisition and joint business ventures. In 2011, FEMSA and business segments required an organization development planned change to improve the corporation’s sustainability. Our research will focus on the corporations five core areas: ethics and corporate values; quality of life in the company; health and wellness, community engagement and, environment care. The OD practitioner used the well know Lewin’s Action Research theory, which is composed of repetitive four step process: diagnostic, planning
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Misery Loves Companies: Whither Social Initiatives by Business? Joshua D. Margolis Harvard University jmargolis@hbs.edu 617-495-6444 James P. Walsh University of Michigan jpwalsh@umich.edu 734-936-2768 December 16, 2002 We want to thank Christine Oliver, our three anonymous reviewers, Paul Adler, Howard Aldrich, Alan Andreasen, Jim Austin, Charles Behling, Mary Gentile, Tom Gladwin, Morten Hansen, Stu Hart, Nien-he Hsieh, Linda Lim, Nitin Nohria, Lynn Paine, Gail Pesyna, Rob Phillips
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Ethical Perspectives: Drucker, Friedman, and Murphey Business Ethics Ethics in business is an extremely important matter that continues to be discussed in many organizations today. There are even many businesses that offer formal ethical training and believe in it vital to their business’s success. However, it can be proven that several professionals have different views on what is exactly ethical in business. Three professionals with different points of views regarding what is ethical in
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Corporate Social Responsibility (CSR) is not an easily defined term. It is used in several different conditions, depending on how it applies and the objectives it serves. It only came into existence during the late 1970’s after the term stakeholder started being used, meaning – those whom the organizations activities have an impact on. Before, the role of CSR was not highly required or rather thought of, but consumers today are interested in companies, which are socially responsible. If companies
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Introduction Corporate Social Responsibility, also known as CSR, is a self-regulatory system whereby a company keep its business dealings in check with the laws and ethical standards of the society. The various aspects of CSR will be discussed using a case study concerning Hennes & Mauritz (H&M). It is a case of unethical waste discharge by their supplier that is harmful to the environment. The stakeholders that are affected, solutions to this problem and the ethics and values of this
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behavior. Sustainability at Siemens is leading to profitable long-term growth and responsible value creation for the company. For Siemens, sustainability means acting responsibly on behalf of future generations to achieve economic, environmental and social progress: • For the environment, Siemens is providing innovative products and solutions to improve both its own eco balance and those of its customers and suppliers. • For business, Siemens is focusing on long-term value creation. • For the
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1. Starbucks demonstrates a new focus on business ethics and social responsibility by providing health care benefits to their employees, giving to the welfare of the needy, and also by packaging their goods in recycling materials along with any other practices that are beneficial to the company-------------------. Starbucks has also demonstrated by improving their dealings with their customers as well as their suppliers. Although this may not bring in additional revenues, the ethical businesses are
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Question: how could Workers Inc. improve its corporate social responsibility? As an employment agency Workers Inc acts as one part of the triumvirate acting as the employers /workers representative, and the employer and worker. Underhill has identified that labour staff and in particular those who are employed through employment agencies ie casually ‘are injured more often and more seriously’ (Underhill, 2004). As a socially responsible employer and a hirer of staff working in trades Workers
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Berkley, R. A., & Watson, G. (2009). The employer-employee relationship as a building block for ethics and corporate social responsibility. Employee Responsibilities and Rights Journal, 21(4), 275-277. doi:http://dx.doi.org/10.1007/s10672-009-9124-4 This article emphasises on keeping up of a good employee-employer relationship as the important element of maintaining ethics and corporate social responsibility. Employee as one of the inevitable factors of organisation should be considered as the most
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