Assignment 1: Corporate Responsibility and Marketing Strategies BUS 508 – Contemporary Management Strayer University Introduction This assignment will examine the private enterprise systems, drivers of change on the system, ethical and social responsibilities of business, and the requirements for success in today’s business environment. Abysmal corporate ethics and social responsibility has been spotlighted in the media with events such as the Enron scandal in 2001, the BP oil spill
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possible solution and make an ultimate recommendation. The impact of this decision on customer relationships as well as the role of social responsibility in the decision making process will be discussed. Finally, the report will identify possible actions the company can take to promote ethical decision making, as well as work towards identifying important components of a code of ethics for the company. A1. Decision Alternatives The situation has presented a complex ethical scenario for the company
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Discussion Board Unit 4 Busn105/1304 Discussion Board Unit 4 Two Challenges that Companies Face in Ethics One of the challenges is the company’s employees. Employees sometimes don’t follow the company’s policies. This issue can be a problem in so many ways. If employees are not following the rules it can reflect on the companies’ credibility. Bad credibility can cause sale loss and the company can lose their credentials. Another issue is the companies themselves. Changes within the company
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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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Ethics and Your Career Path Ian Hughes Broadview University Abstract This paper takes a look at how to find a fulfilling career, and the importance of finding a company that operates in an ethical way. The importance of Corporate Social Responsibility (CSR) is explored, and we look at ways to keep yourself on track and being able to maintain separation between your personal and professional lives. This covers some steps in finding and maintaining a fulfilling career, and how to keep your eye
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order to successfully complete the module. Further learning materials and information are available on the learning network under the module code BS7916. Module Code BS7916 Module Name: Principles of Responsible Management It is your responsibility to: * Collect a copy of the reading pack from the faculty office * Attend both lecture and seminar sessions as stated on your timetable * Arrive in time for the start of all taught sessions * Read the preparatory reading before
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prominent leaders in society and support sustainable economic growth. Corporate Social Responsibility Corporate social responsibility is or has previously by many been defined in terms such as: business ethics and corporate citizenship in the working environment, whether it is private companies or government entities and society. There is still ongoing debate on the proper mutual definition of corporate social responsibility. A very basic definition could be stated as “a commitment made by organizations
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1 The American Red Cross Dr. Jack Huddleston Business Ethics: Ethical Decision Making & Case July 21, 2013 2 1. Determine the impact of this event on ARC’s “benefits of business ethics” (employee commitment, investor loyalty, customer satisfaction, and bottom line). The American Red Cross (ARC), also identified as the “The Face of Recovery”, is a humanitarian organization that provides
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provides a conceptual discussion of “research ethics”. What does the term “ethics” signify and how does it apply to the practice of research? What obligations do you take on when you “collect data” that purports to reflect something of the thoughts and experiences of others, and then synthesize such material into research study “accounts”? In this paper I will discuss one of the hotly debated issues in educational research - ethics.[1] Ethics has to do with moral beliefs and rules about
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4) EXPLAIN THE NEED FOR ETHICAL PUBLIC RELATIONS IN RELATION TO THE CONSCIENCE OF AN ORGANIZATION. The importance of ethics is not only visible in public relations alone; on the contrary it encompasses each and every aspect of our daily life. The public relations of organisations that lack ethical principles are bound to fail sooner or later. The field of ethics, also called moral philosophy, involves systematizing, defending and recommending concepts of right and wrong behavior. It is defined by
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