Making Ethical Decisions When it comes to business ethics, businesses are concerned with morality and fairness in behavior, actions and the policies that take place within that business. Ethical issues arise at many different levels, but at the organization level these issues carry consequences for the organizations’ reputation and success in the community. How an ethical issue is handled within the organization may have serious organizational consequences. It is very important
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Stakeholder theory, Ethical CSR, Responsibilities and duties, Altruistic CSR, Strategic CSR, Abstract Reviews the development of the corporate social responsibility (CSR) concept and its four components: economic, legal, ethical, and altruistic duties. Discusses different perspectives on the proper role of business in society, from profit making to community service provider. Suggests that much of the confusion and controversy over CSR stem from a failure to distinguish its ethical, altruistic, and
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I argue that a business has a responsibility to maximize its profits and that for a business to maximize profits for its shareholders it must at least adopt a pseudo-stakeholder theory of operation representing social responsibility although it has no moral responsibility to be socially responsible. To facilitate this argument, I will use the definitions of those terms as presented by the authors in the book. The stockholders invested their money for the purpose of earning a return on that investment
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makers for 2012 and the next decade would be severe income disparity (The unequal distribution of household or individual income across the various participants in the economy) and chronic fiscal imbalances (situation where all of the future debt obligations of a government are different from the future income streams) -Other issues: natural disasters such as 2011 earthquake in Japan, flood in Thailand, Political uncertainty in China and Middle East -Globalization has compounded the types and level
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to provide positive role models for our society. There are millions of people, relatives, and companies that we assist with the understanding that they will be treated equally and fairly, communicate straightforwardly and make honest, clear, ethical judgments to satisfy the needs of the family. The expectations are the core of who we are and what we do and is very important to the excellence of services that are provided. Early Release Bail Bondsman’s Code of Ethics is established in our
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Professional Nursing Accountability: Our Ethical Responsibility Ralaya L. Allen R.N. Grand Canyon University: Professional Dynamics 08/27/11 Professional Nursing Accountability: Our Ethical Responsibility In healthcare, accountability can be regarded as a responsibility as well as a legal obligation. Patients have the right to be treated by well educated professional personnel such as doctors, nurses, and ancillary staff. Without accountability, there would not be consequences for unfavorable
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to clarify to current and 6. future members, and to those served by members, the 7. nature of the ethical responsibilities held in common by 8. its members. 9. 2. The Code helps support the mission of the association. 10. 3. The Code establishes principles that define ethical behavior 11. and best practices of association members. 12. 4. The Code serves as an ethical guide designed to assist 13. members in constructing a professional course of action 14. that best
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think they have a responsibility to be ethical. The organization’s culture is important to how that organization fits in society and it is vital it operates by some ethical principles. The responsibility project video that I will be discussing will be on Greyston Bakery. Greyston Bakery was founded in 1982 and provides local products that can sustain the community. The bakery is also a benefit corporation. “A Benefit Corporation is a new class of business; a legal entity that is required by law to create
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Stewart Gregory Paul Klein Structure of the Legal Environment June 26, 2011 Masterson’s Dilemma The legal scenario presented represents a long standing problem in workplace culture. This problem is not only associated with intra-workplace dealings, but also in dealings between businesses. The laws are very clear as to the discrimination of employees within a company. Title VII of the Civil Rights Act of 1964 prohibits discrimination in the workplace based on race, color, religion
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u05a1 Parameters of Ethical Decision Making Kathleen J Higgins Ethical Theories and Principle are decision making tools that managers may use especially during ethical dilemma. There are five common ethical decision making approaches that can assist manager based upon what is good in each situation. Utilitarianism or consequentialism, as just what its term “consequentialism” means
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