Chapter 5 Social responsibility and Managerial Ethics WHAT IS SOCIAL RESPONISBILITY? Two views of social responsibility The classical View * The classical View says that management’s only social responsibility is to maximize profits. * Management’s only social responsibility is to maximize profits (create a financial return) by operating the business in the best interests of the stockholders (owners of the corporation). * Expanding the firm’s resources on doing “social good” unjustifiably
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unethical behavior, but actually encourages him to do so. 2. In order to make ethics as part of its core organizational values, Acme Corporation should take the following actions: a. Institute companywide educational initiative regarding ethical behaviors. b. Require all employees to participate and certify understanding and acceptance of these initiatives. c. Provide reporting and support mechanisms for ethics related issues. 3. Frank needs to be aware about ethical issues related
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Abstract The purpose of this discussion and analysis is to examine the aspects of exemplary leadership using the key points addressed by Colquitt, Lepine, and Wesson (2011) in Organizational Behavior: Improving Performance and Commitment in the Workplace. The focus of the analysis is that of a candidate and a campaign manager on their political endeavors to win an election. Strategies such as legitimate power, ethical leadership, consultative decision-making, and transformational leadership will
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International business International business is a term used to collectively describe all commercial transactions (private and governmental, sales, investments, logistics, and transportation) that take place between two or more regions, countries and nations beyond their political boundary. Usually:- Private companies undertake such transactions for profit Governments undertake them for profit and for political reasons. It refers to all those business activities which involves cross
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significant changes in the global marketplace. There are main drivers in globalization and this paper will define three of them, as well as describe the risks associated with financial investing, and explain the importance of cultural sensitivity and ethics in global finance. Drivers of Globalization Market drivers Domestic markets are saturated and growth opportunities are often times limited. Expanding globally opens up many new opportunities allowing for real growth within a business
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educated on the risks or fully understand what they are getting themselves into. After reading the articles many things stood out that these countries may not know what they are signing up for. Anil Netto quoted in the article titled “Health-Asia: Ethics in Outsourcing Drug Trials Questioned,” that by doing these clinical trials in foreign countries, drug companies are “exploiting the healthy who are strapped for cash and the sick who seek cheap or free remedies.” In regards to the utilitarian theory
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Running Head: CALTEX 1 CALTEX IN SOUTH AFRICA VANESSA HARRISON-HARVEY PHI445 PERSONAL & ORGANIZATIONAL ETHICS INSTRUCTOR: KRISTINE OUZTS JANUARY 30, 2012 Running Head: CALTEX 2 Why did Caltex decide to bring their business to South Africa? Was it for profit alone? In the case of Caltex there were situations that were created by Caltex that the company should have made a decision on: (a) In 1977 the South African people believed apartheid as being cruel and definitely
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Case Assignment #1 1 Build the management-research question hierarchy. 1 Management Dilemma: Is Penton Media using a outdated method of marketing to gather advertising revenue. If so, will Penton Media see lower then usual advertising revenue if more efficient methods of inquiring advertisement are not adopted instead of the reader service cards. - Yes, The study conducted by Penton media proves that due to information technology methods that were virtually non-existent in 1992
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Journal of Business Ethics (2007) 73:219–229 DOI 10.1007/s10551-006-9202-6 Ó Springer 2006 A Model of Ethical Decision Making: The Integration of Process and Content Roselie McDevitt Catherine Giapponi Cheryl Tromley ABSTRACT. We develop a model of ethical decision making that integrates the decision-making process and the content variables considered by individuals facing ethical dilemmas. The process described in the model is drawn from Janis and Mann’s [1977, Decision Making: A Psychological
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A500 Accounting Ethics—Introduction Lecture Outline * Two Preliminary Questions: 1. Why is ethics taught in accounting, business, and tax schools? 2. Should ethics be taught in accounting, business, and tax schools? I. Why teach it?: * Because of these guys and others like them: Kenneth Lay, Founder Jeffrey Skilling, CEO B.A. and M.A. in economics from the University
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