social policy has been developing over the years. Hunziker explains Social Tourism as the phenomenon in tourism industry caused by participation in tour by economically disadvantaged or other disabled elements in society (Hunziker, 1951). Though there are various explanations to the concept of social tourism, Minnaert, Maitland and Miller (2007) define it as “tourism added with an ethical value is intended to benefit either the visitor or the host in the tourism swap. The essay mainly focuses on Social
Words: 2206 - Pages: 9
An Analysis of McDonnell Douglas’s Ethical Responsibility in the Crash of Turkish Airlines Flight 981 The Memorial of Flight 981 at Ermenonville (Johnston, 1976). Executive Summary In 1974, Turkish Airlines Flight 981 experienced a mid-flight cargo door failure which led to the first total loss of a wide-bodied aircraft in history. The aircraft was a McDonnell Douglas DC-10, and this tragedy was compounded by the fact that sufficient corrective action had not been taken by the manufacturer
Words: 8952 - Pages: 36
from the moral perspective to be the possible ideal solution to the tragedy of the commons. | | Contents 1. Introduction 1 2. Formation 2 2.1 Theoretical explain of the formation 2 2.2 Hardin’s grazing model 4 3. Ethics Involved 5 3.1 Ethical Egoism Theory 5 3.2 Utilitarian Theory 5 3.3 Moral Foundation Theory, Virtue Theory and Confucius 6 3.4 Right Theory 6 4. Solutions to the Tragedy 7 4.1 Free market solution 7 4.2 Socialism solution 9 4.3 Comparison of the Two Solutions 10
Words: 5411 - Pages: 22
To fully understand how the business culture has acquired the greed mindset, a look at what a corporation is and defining corporate behavior becomes the starting point. First a corporation is defined as “an association of individuals, created by law and having an existence apart from that of its members as well as distinct and inherent powers and liabilities (Webster Dictionary).” Although made up of people, being separate or apart from its members also equals unaccountability. The question of “who
Words: 2265 - Pages: 10
Corporate greed essay To fully understand how the business culture has acquired the greed mindset, a look at what a corporation is and defining corporate behavior becomes the starting point. First a corporation is defined as “an association of individuals, created by law and having an existence apart from that of its members as well as distinct and inherent powers and liabilities (Webster Dictionary).” Although made up of people, being separate or apart from its members also equals unaccountability
Words: 2254 - Pages: 10
Links between Ghoshal's article, Agency Theory and the 2008 Global Recession. We are all too familiar with the mayhem caused by the global financial crisis; we are still recovering from the after effects of this mayhem. In this essay I will try to investigate the relationships between the Agency theory, Ghoshal’s article on how bad management theories are destroying good management practices and the Global Financial Crisis of 2008. I will start off by introducing the Agency theory and looking
Words: 2842 - Pages: 12
industry was trying to avoid was necessary. The Dodd-Frank Act was enacted as a result. Introduction The financial industry is currently facing a number of challenges such as poor investment strategies, improper activities by lenders and poor ethical standards within investment companies. Over the last 3 years more than 200 financial institutions within the United States have ceased to exist because of the 2008-2009 credit crises. Restoring confidence in the financial environment has been an
Words: 2136 - Pages: 9
which were regulated by Christianity. However, different conclusions can be drawn in addressing the impacts of these scientific discoveries on the basic beliefs of Christianity in the Western world by 1800: in what ways was the place of humankind at the centre of the universe rejected? To what extent was God no longer the unique reference as regards ethics? How could Christian followers still believe in an afterlife paradise? Scientific discoveries in the
Words: 1472 - Pages: 6
CORPORATE SOCIAL RESPONSIBILITY SUSTAINABILITY- A CRITIQUE Outline What is CSR? What do w e mean by sustainability? Critique OCEANIC Bank’s Story What is CSR Corporate Social Responsibility and Sustainability can be defined as a company's verifiable commitment to operating in an economically, socially and environmentally sustainable manner that is transparent and increasingly satisfying to its stakeholders. Stakeholders include investors, customers, employees, business partners, local communities
Words: 2032 - Pages: 9
eleven thousand in 1984 to just over seven thousand in 2006. The average profitability of the largest banks grew to outstrip the profitability of the industry’s smallest banks; an outcome traceable to increased competition from bank and nonbank financial firms, new technology that reduced the advantage of banks having a local presence, and the development of services that could be offered over wider geographic areas (www.mheducation.com). A new type of financial-services holding company (FHC)
Words: 2378 - Pages: 10
