Identify five specific ethical issues that 21st century ethical managers must confront. Which of the ethical perspectives described in this chapter seems best suited to resolve such ethical issues? Why? In studying and evaluating ethics and legal aspects in business, it is right to be concerned with the potential ethical issues that managers face in the 21st century. There are countless legal and ethical issues faced by managers in today’s business world, and sometimes unless you are the one in
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even outnumber the former. The subject matter of the discussion is actually about the ethical responsibilities of the business organizations. It is highly important to remain concerned with the ethical considerations at the time of formulating the strategic plans. Firms always strive to maximize the wealth of the stakeholders. Well, it is though acceptable but at this point it is also crucial to choose the ethical ways of fulfilling the strategic plans. In practice, many organizations fail to keep
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Corporate Responsibility and Marketing Strategies Apple is a multinational corporation whose headquarters is in Cupertino, California. Apple, Inc. was formerly known as Apple Computer, but was changed in 2007. Apple was founded by Steve Jobs, Ronald Wayne, and Steve Wozniak in 1976. Jobs, Wayne, and Wozniak had a vision. Boone & Kurtz (2013) advised that a vision is an overall idea for how to make their business idea a success. Apple vision came true through its technology they develop. Apple
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Organizational Ethics and the Law Classification of Ethical Work Climate Discussion case “Alcoa’s Core Values in Practice” exemplifies Aluminum Company of America’s implementation of a strong values-based ethical climate by insisting decisions of employees and what they do be aligned with company values. Analysis of Alcoa’s core values relative to Victor and Cullen’s typology, suggest Alcoa follows a principled-local method to ethical climate where personal morality; company rules and procedures;
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Week 5 Individual Assignment By Felicia Lattimore The SOX Act: Unethical Practices and Behavior in Business Accounting LAW/421 – CONTEMPOARY BUSINESS LAW September 6, 2014 Aretha Somerville Introduction Unethical decisions can ruin a business. Dishonest behaviors by accountants, such as falsifying financial statements, over-billing or misleading regulators, can tarnish a company's reputation, causing loss of customers, employees and/or revenue. In some cases, unethical
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administrators are faced with the enormous encounter of assessing the pursuit of shareholder earnings with a high ethical code. . Concentrating too much on one solitary region will affect the other one to grieve. Computer technology has made it easy for information about companies to flow freely and ethical failures are quick to be identified by the public. Weakening to run an ethical business could lead to instant brand decline through negative community exposure. The following paper will scrutinize
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officer of the law. If discrimination due to an officer’s use of discretion results in a violation of due process it is a violation of the law (Young, 2010). Due process is the constitutionally mandated procedural steps designed to eliminate error in any governmental deprivation of liberty, life, or property (Pollock, 2010). One of the main concerns with using discretion is the possibility of it leading to a violation of due process by racial profiling. Types of Negative Police Discretion Racial profiling
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NASW Ethical Responsibilities to the Clients Step 1: In the NASW (2008) Code of Ethics ethical standards, it states, “In general, clients’ interests are primary”. This of course, is joined by a supplemental responsibility to the greater society and/or legal obligations, which may outweigh any such loyalty owed clients. Nevertheless, as long as harm is absent from the equation, it seems that law would hold little bearing on decisions that are in the client’s best interest. In the case of Martha
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the impact to the company’s stock price when the restatement was released and to future earnings forecast, indicating whether or not you believe the impact to the stock price was justified. 3. Evaluate the restatement in terms of management’s ethical violations according to the requirements of the Sarbanes-Oxley Act, providing recommendations to management on how to avoid these problems in the future. Provide support for your recommendations. 4. Use at least two (2) quality academic resources in this
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Ethical Issues that Wal-Mart faced in India and China. Wal-Mart’s ethical business management is related to the global environment, which consists of financial markets, cultures, technologies and government policies. The market also consists of hyper competition from different countries such as China and India and regional players in the global environment. China has low cost offshore labor in the “flat world”, so that Chinese imports are so inexpensive to enter in U.S. So many factors lead most
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