Ethics Reflection Paper Ethics and social responsibility are fundamental constituents in the creation of a strategic plan while bearing in mind stakeholder essentials. As such, ethics and social responsibility should be considered as an indispensable strategic priority within business organizations. Performances, actions, and ethical intentions of others are likely influential factors at any given time when decisions are made and also guided by principles of the business. Fair-minded organizations
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Ethical Theory Development Introduction……………………………………………………………………………….…6 Definition of Ethics Business Ethics and Individual Ethics: Is There a Difference?…………………….…..7 Virtue Ethics…………………………………………………………………………............9 Practical Wisdom……………………………………………………………….14 Eudaimonia……………………………………………………………………...15 Kantian Ethics……………………………………………………………………16 Ethical Egoism…………………………………………………………………………….....18 Consequentialist Ethics.……………………………………………………………………
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individual growth and company growth is an effective manager. An effective manager has more credibility than a non effective one. Ineffective manager: A manager who does not understand the importance of company ethics is an ineffective one. Policy makers for the company always device ethics for the growth of company. Manager ignoring core issues tend to be ineffective one. Traits of effective management: One of the important trait of an effective manager is flexibility. Flexibility imparts stable
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Introducing business ethics. Key idea: Globalization, defined as deterritorialization of economic activities, can be seen as a key context for business ethics. The effect of this is that the more business become global, the more it has to cope with regions and countries where ethical values are vastly different, p. 17, 19, 24, learning outcome 1, 2. Question 1: In which of the following areas is it not evident that deterritorialization is particularly relevant to business ethics? 1. Legal issues
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Kohlberg Hierarchy of Personal Ethical Development Kristen Leek, Steven Baker, Stephanie Berkovic, Nakoma Wells PHL/323 September 8, 2011 Byron Phillips Kohlberg Hierarchy of Personal Ethical Development Kohlberg Hierarchy of Personal Ethical Development Kohlberg’s stages of moral development uses three scenarios, also known as the Heinz dilemma to asses how an individual will react to certain problem or a specific course of action. In level one the pre-conventional morality, there is two
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The need to recognize and deal with the subject of business ethics has become a significant priority in organizations today. Just in a few years ago, there has been a number of well-publicized scandals resulted in public outrage about misappropriation of public funds and fraud in business and a demand for improved business ethics and greater corporate responsibility. The publicity and discussions involving highly visible legal and ethical lapses at a number of well-known private companies and government
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Is Managerial Ethics? Criteria for Ethical Decision Making Utilitarian Approach Individualism Approach Moral Rights Approach Justice Approach Factors Affecting Ethical Choices The Manager The Organization What Is Social Responsibility? Organizational Stakeholders The Ethic of Sustainability and the Natural Environment Evaluating Corporate Social Performance Economic Responsibilities Legal Responsibilities Ethical Responsibilities Discretionary Responsibilities Managing Company Ethics and Social Responsibility
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Ethical Perspectives: Friedman vs. Drucker, Murphy In this paper we will be comparing and contrasting ethical perspectives on business ethics of Milton Friedman, Patrick Murphy, and Peter Drucker. Their methods are drastically different, but the goal is to explain and better understand “business ethics” in today’s world. Milton Friedman “A corporation is an artificial person and in this sense may have artificial responsibilities, but ‘business’ as a whole cannot be said to have responsibilities
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Such comments would not be made unless there were at least some truths behind them on many occasions. We all know examples of people in business who have done things we consider dishonest, repugnant and socially irresponsible, all for the sake of personal monetary or material gain and, in many cases, ‘got away with it’ as far as the law is concerned. According to Charles Francis Adams “Failure seems to be regarded as the one unpardonable crime, success as the all redeeming virtue, the acquisition
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Ethical Challenges in Marketing Communication Ethics play an integral role in the development and sustenance of any personal or business relationship. Ethics determine the acceptable behaviors within a society and the overall behaviors of a business. Marketers must understand the impact ethics have on marketing communications and develop Integrated Marketing Communication (IMC) strategies accordingly. This paper will discuss various ethical challenges facing marketers today, identify internal
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