...SIGNIFICANCE OF BUSINESS ETHICS AND REFORM Creating meaningful ethical reform in business requires teaching students practical, concrete, psychological tools for how to work with their inner conflicts and emotional patterns, teaching them how to embrace the challenges that directly come up as we seek to build businesses that create both money and meaning, renouncing the fundamentalist dogmas of the cult reasons of the single bottom line. And evaluating different schools not just on whether they produce smart and successful students, but also on whether they produce wise and fulfilled ones. When speaking of the importance of ethics in business, most people like Debbie Vasen infer that the term ethics refers to the business as a whole contrary, business ethics applied individuals working within business acting on company affects the entire company not just individual. When employee works ethically and responsibly it leads to entire organization. This ethics are more than just a word used to enhance the image of corporation also a very foundation of success, it should applied at the very moment of a firm opens its doors. The term business ethics has always help controversial connotation that is why the researcher seeks answer for business conflict on its ups and down. Believers like Cameron Mclean says that a business trying to grow revenue and profits will have direct conflict with remaining ethical. The most important why the researcher of this topic written this is with the help...
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...2. De George, R. (1987). The Status of Business Ethics: Past and Future.Journal of Business Ethics. 6, pg201-211 3. Desponded et al. (1989). Organisational Culture and Marketing: Defining the Research Agenda. The Journal of Marketing. 53, pg3-4. 4. Fogarty, T.J. 1996, "The imagery and reality of peer review in the U.S.: Insights from institutional theory", Accounting, Organizations and Society, vol. 21, no. 2, pp. 243-267 5. Goodpaster, K. (1991). Business Ethics and Stakeholder Analysis. Business Ethics Quarterly, pg. 54-69. 6. Hilary, G. & Lennox, C. 2005, "The credibility of self-regulation: Evidence from the accounting profession's peer review program", Journal of Accounting and Economics, vol. 40, no. 1, pp. 211-229. 7. Jarnagin, C. ;Slocum, J. W. (2007). Creating corporate cultures through mythopoetic leadership. Organizational Dynamics. 36 (3), 288-302. 8. Kavanagh, M. H. ;Ashkanasy, N. M.. (2006). The impact of leadership and change management strategy on organizational culture and individual acceptance of change during a merger. British Journal of Management. 17 (1), S81-S103. 9. Kend, M. & A, H.K. 2013, "The CLERP 9 audit reforms: benefits and costs through the eyes of regulators, standard setters and Audit service suppliers", Abacus, vol. 49, no. 2, pp. 139-160. 10. Linnenluecke, M. K. ;Griffiths, A. . (2010). Corporate sustainability and organizational culture. Journal of World Business. 45 (4), 357-366. 11. Pittman, J. &...
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...Global Business Cultural Analysis: China LaTasha Baker GRST 500/501 Abstract Since the beginning of time when Adam and Eve left the garden, people have been increasing the geographic realm of their economics, political, social and ethnicity contacts. People begin connecting with other nationalities all of the world. This relationship provide wealth and progress along with adverse disputes within the relationship of countries (MacEwan, 2001). There are many reasons why companies covet to develop their business to other countries. There are many difficulties and a wide-range of benefits when a company expands globally outside of their cultural. When a company conduct business outside of their zone; research is required, patients, and a learning process. China and the United States has learned how to work international with business over the past years. The alliance between organizations, partnerships and private sectors has been the reason for the growth between the two countries. While concentrating on the customs, culture, language, anti-corruption and economic implications. You will explore the Chinese culture and its impact on local business structures. The comparison of China and the United States in regards to its cultural analysis will be provided, along with the implications for the United States businesses that wish to conduct business in China. Major Elements and Dimensions of Culture in China China Business Ethics Business ethics is the principal...
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...am Scam and Ethics Running head: ETHICAL ISSUES IN SATYAM SCAM 1 A Study of Ethical Issues in Satyam Scam Haresh M Patel (Roll No.2234) B.K.School of Business Management (Evening Programme) ?Ethical Issues in Satyam Scam Abstract “Reputation is an idle and most false imposition: oft got without merit, and lost without deserving”. Failed institutions, including Lehman Brothers, Enron and Satyam, would stand a testimony to this affray in a post-mortem analysis. This paper discusses corporate ethical issues involved in ‘Satyam Scam’ from a compliance perspective. It makes a distinction between legal and ethical compliance mechanisms and also shows that the legal compliance mechanism has clearly proven to be inadequate as it lacks the moral firepower to restore confidence and the ability to build trust. The concepts of freedom of indifference and freedom for excellence provide a theoretical basis for explaining why legal compliance mechanisms are insufficient in 2 dealing with fraudulent practices and may not be addressing the real and fundamental issues that inspire ethical behavior. The focus of the virtues in governance is to establish a series of practical responses which depend on the consistent application of core values and principles as well as commitment to ethical business practice. In my opinion, No one makes it to the top ranks of corporate management without a healthy amount of self-assurance. Confidence underlies decisive, strong leadership, but does overconfidence...
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...Andres Garcia Memorandum Date: March 3, 2012 To: President of the United States Fr: Andy Garcia Re: Holding them Accountable Mr. President, Trust and ethics are very important factors in the business world. We have to create a number of different solutions that help play a key role in building proper business ethics from employees, shareholders, board of directors, the CEO and the American people. I feel that all businesses need to promote accountability, transparency, and compliance, corporate governance systems and rely heavily on “gatekeepers”—corporate directors, in-house and outside counsel, and internal and external auditors. We need to revolutionize and rebuild trust and confidence again in the business world. Confidence in the character of the business world will enhance predictability, reliability, dependability, integrity, and regularity. Trust will give the business world a form of freedom. It will allow the business world to explore new directions, possibilities, and alternatives. Although trust always has its limits and always involves risk, trust frees the business institution from the need to continuously recheck, rethink, and reanalyze every decision and action they make. But we still need to have “gatekeepers” to keep executives from committing fraud again. Savings & Loan Scandal There have been many disappointments in my lifetime and that’s just in the past 30 years where the government has had to step in and provided some assistance at...
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...ASSIGNMENT COVER SHEET Name | Student number | Wayne Humphreys | 3135731 | Campus of Study: Newcastle Graduate School of Business Assessment Item Title: Assessment Item No 2 – Individual Assignment 1 Word Count 1049 Due date 25/3/2013 11.59p.m. I verify that I have completed the online Academic Honesty Module and adhered to its principles I declare that this assessment item is my own work unless otherwise acknowledged and is in accordance with the University’s plagiarism policy available from the Policy Library on the web at http://www.newcastle.edu.au/policy/academic/general/academic_integrity_policy-new.pdf I certify that this assessment item has not been submitted previously for academic credit in this or any other course. I certify that I have not given a copy or have shown a copy of this assessment item to another student enrolled in the course. I acknowledge that the assessor of this assignment may, for the purpose of assessing this assignment: * Reproduce this assessment item and provide a copy to another member of the Faculty; and/or * Communicate a copy of this assessment item to a plagiarism checking service (which may then retain a copy of the item on its database for the purpose of future plagiarism checking). * Submit the assessment item to other forms of plagiarism checking. I certify that any electronic version...
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...Handbook of Business Strategy Emerald Article: The ethics of business strategy Fred Hansen, Michele Smith Article information: To cite this document: Fred Hansen, Michele Smith, (2006),"The ethics of business strategy", Handbook of Business Strategy, Vol. 7 Iss: 1 pp. 201 - 206 Permanent link to this document: http://dx.doi.org/10.1108/10775730610618828 Downloaded on: 09-04-2012 References: This document contains references to 16 other documents To copy this document: permissions@emeraldinsight.com This document has been downloaded 5650 times. Access to this document was granted through an Emerald subscription provided by UNIVERSITY OF HERTFORDSHIRE For Authors: If you would like to write for this, or any other Emerald publication, then please use our Emerald for Authors service. Information about how to choose which publication to write for and submission guidelines are available for all. Additional help for authors is available for Emerald subscribers. Please visit www.emeraldinsight.com/authors for more information. About Emerald www.emeraldinsight.com With over forty years' experience, Emerald Group Publishing is a leading independent publisher of global research with impact in business, society, public policy and education. In total, Emerald publishes over 275 journals and more than 130 book series, as well as an extensive range of online products and services. Emerald is both COUNTER 3 and TRANSFER compliant. The organization is a partner of the...
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...Ethics Enron's culture during their heyday encouraged an entrepreneurial spirit along with a “loose tight” management style that has been highlighted in the media and the Darden CD as being part of their success (Darden CD). However, according to Hatcher (2003), Enron had a culture of “anything goes as long as it makes money”. For example, in a thesis written by Boje, Alder, and Black, the authors claim that Enron used theatre to influence how decision makers accurately or inaccurately interpreted the information presented. As part of this "anything goes culture" between 1998 and 2001 Enron set up a fake Hollywood type trading floor on the 6th floor of Enron corporate headquarters using simulated statistics and their employees pretending to be "energy service traders to influence investors, regulators and employees (Boje, 2004). Although it maximized shareholder equity one would consider this behavior unethical. What about Enron's ethics program? Enron’s Code of Ethics was published in 2000, and even included a forward written by its chairman Kenneth L. Lay, in which he states “Enron’s reputation finally depends on its people, on you and me.” However, even with this senior level "endorsement", Enron’s Code of Ethics, their policies and procedures and the associated training were not enough to circumvent the wanton fraud at Enron that resulted in the largest bankruptcy in American history (Wilkinson, 2005). Why did Enron’s ethics policy fail? One of the reasons that their...
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...Ethical behavior in business is consistent with the principles, norms, and standards of business practice that have been agreed upon by society (Trevino & Nelson, 2007). Society is unhappy with greed and corruption of wealth inequality prevalent in the U S. The wealth of the United States people is only held by 1% of the U.S. population (“Occupy Together”. 2011). The Occupy Wall Street movement focus is for better wealth equality across the nation. What happened in society that brought up the issue? What ethical change or ethical system played a role in the issue? What is a proposed plan to fix the issue? What seems to be the Basis of the Issue? The basis of the Occupy movement was brought about by ongoing financial fraud and wanting the wrong doers to be brought to justice. The movement wants to separate money from politics. The Canadian-based anti-consumerist organization called Adbusters proposed occupation of Wall Street to protest corporate influence on democracy, and a growing disparity in wealth. The issue being; they represent the 99%, and have the goal of ending the greed and corruption that the wealthiest 1% of Americans have (“Occupy Together”. 2011). The Occupy Wall Street movement wants a more equal distribution of the wealth. The idea is to rebuild the wealth, based on policy reform such as policies to reduce and eliminate corporate influence in politics. The movement wants to reform the current tax structure, create new jobs, reform health care, and improve...
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...ENGL 1561 Business Writing Final Assignment Melissa E. Bryan Laurentian University March 31, 2014 Ethics can be defined as having standards of moral behavior that is accepted by society as right or wrong (Nickels, McHugh, McHugh, Cossa, & Sproule, 2013). In day-to-day life, the decisions made in ethical dilemmas can be very situational. There does not seem to be a clear set of rules and because of this, unethical situations and decisions arise. The term boiler room refers to an outbound call center where telemarketers use high-pressure sales tactics to sell fake stock (Farlex Inc, 2000). Modern boiler rooms disappeared in the 1990s but they still exist in various forms. With the widespread use of the internet and lack of government regulation on web site creation, a boiler room can set up a website in one country, operate from another and target victims in a third. This makes it very difficult to identify the scamming stockbrokers and even more difficult to trace them. Many people have grown wise to the phone scams thanks to warnings from financial authorities and the increased value of ethics (Wikipedia, 2014). In the business world the practice of ethics has become increasingly important, not only for moral reasons but to maintain a competitive advantage (Smith, 2012). This essay analyzes the movie Boiler Room and the ethical dilemmas presented in respect to business ethics models. Real life ethical dilemmas that traders in the stock market are faced with, the...
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...needed to effectively manage protocols in the workplace and set the standard that keeps the company moving in the right direction; to ensure that all events that take place in the organization are consistent and work toward the continued progress of the company? Ethics identify both the policy that should be administered managers and employees behavior that need to be addressed. Ethical decisions are guided by the core values of the managers and employee’s and are principles of conduct that include caring, honesty, keeping of promises, pursuit of excellence, loyalty, fairness, integrity, respect for others, and responsible for ones actions. Managers and employees alike would agree that all of these rules and values are admirable guidelines for behavior nevertheless ethics becomes a more complicated issue when circumstances determine that one value take precedence over the others and the system of rules and values that governs the ordering of values. Managers and employees all have to address a situation, dilemma, or opportunity in which they must choose from several actions that evaluate their decisions of right or wrong. Business ethics comprises the moral values and practices that guide conduct in the business world. Researchers point to various major ethical systems as guides. One of these ethical systems is universalism which states that employees should uphold certain values, such as integrity and morality despite...
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...MOUNT KENYA UNIVERSITY VIRTUAL CAMPUS DEPARTMENT OF MANAGEMENT MASTER OF ARTS, GOVERNANCE AND ETHICS CONTINUOUS ASSESSMENT TEST I MDS 521 GOVERNANCE AND LEADERSHIP SKILLS DEVELOPMENT Instruction to students * Deadline October 30th 2013 or earlier * Assignment should be typed in prose not on bullet points * Font: new times roman * 12 points * Normal margins * minimum of 30 pages 1.5 spaced * Should indicate at least a minimum of 5 reference books. * No late submission * Plagiary will lead to no grade Question Critique leadership in the public sector and suggest reforms that are needed to ensure that vision 2030 is realized. Be careful to hinge your discussion on the pillars of Kenya’s vision 2030.20marks MOUNT KENYA UNIVERSITY VIRTUAL CAMPUS DEPARTMENT OF MANAGEMENT MASTER OF ARTS, GOVERNANCE AND ETHICS CONTINUOUS ASSESSMENT TEST II MDS 521 GOVERNANCE AND LEADERSHIP SKILLS DEVELOPMENT Instruction to students * Deadline November 15th 2013 or earlier * Assignment should be typed in prose not on bullet points * Font: new times roman * 12 points * Normal margins * minimum of 30 pages 1.5 spaced * Should indicate at least a minimum of 5 reference books. * No late submission * Plagiary will lead to no grade Question Using the public/private synergy model, come up with a case study and discuss the synergy or lethargy brought about by of...
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...Q9: “No matter how many reforms are passed there will always be someone who cheat and steals on a grand scale in the misguided belief that risks are outweighed by the potential gains” Reference: Corporate governance –The new focus of interest.[ Editorial].( 1993, January). Oxford: Blackwell, pp. 1-3. Jordan, C. (2012). Cadbury Twenty Years On. Villanova Law Review Stiles, P. and Taylor, B. (1993) ‘Maxwell-The failure of corporate governance’, Corporate governance-an international review, 1(1), pp. 314-327 Boyd, C.: 1996, ‘Ethics and corporate governance: The issues raised by the Cadbury report in the United Kingdom,’ Journal of business Ethics 15(2), 167-183 Parkinson, J. and Kelly, G. (1999) the combined code on corporate governance, Political Quarterly, 70, 1, 101-7 Lutz, S., Eberle, D. and Lautter, D. (2011) ‘Varieties of private self-regulation in European capitalism: corporate governance codes in the UK and Germany’, Socio-economic review 9(2): 315-38 Thomas, C. W. (2002, April). The rise and fall of Enron. Journal of accountancy, 103(4), 41-48 Davis, S., Lukomnik, J. and Pitt-Watson, D. (2010) Corporate governance in the wake of financial crises Mintz, S. (2012). Whistleblowing and bystander apathy. Available at http://www.workplaceethicsadvice.com/2012/08/whistleblowing-and-bystander-apathy (Accessed 24 February 2015) Fitzergaland, D. J. (2013) Whistleblowing Cohan, J. A. (2002), ‘I Didn’t Know and I was Only Doing My Job. Has Corporate...
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...justified to the right. Keep a Photocopy or Electronic Copy of Your Assignments: You may need to re-submit assignments if your mentor has indicated that you may or must do so. Academic Integrity: All work submitted in each course must be the Learner’s own. This includes all assignments, exams, term papers, and other projects required by the faculty mentor. The known submission of another person’s work represented as that of the Learner’s without properly citing the source of the work will be considered plagiarism and will result in an unsatisfactory grade for the work submitted or for the entire course, and may result in academic dismissal. | | MGT7019-8 | Dr. Chad McAllister | | | Foundations for Doctoral Study in Business | SIMMONSMGT7019-8-ASSGN#1 | | | All work submitted is original and my own intellectual property. I am open to guidance and instruction that enable me to achieve my educational goal of excellence. ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- Faculty Use Only ------------------------------------------------- <Faculty comments here> ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- <Faculty Name> <Grade Earned> <Writing Score> <Date...
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...Journal of International Business Ethics Vol.1 No.1 2008 ESSAY: CONSUMER RIGHTS: A PART OF HUMAN RIGHTS Shaoping Gan Center for Applied Ethics, Chinese Academy of Social Sciences, Beijing, China Abstract: For many ordinary Chinese, assuming obligation and responsibility means almost the same as having ethics and morality. Therefore, when talking about consumer ethics, people first think about consumers’ obligation to strive for the virtue of frugality. However, in today’s world, especially after the opening up and reform of China’s economy, consumers have more courage to safeguard their rights as a result of rising consumer awareness. Consumers’ newfound courage showcases the change of people’s values. During a discussion of consumer ethics, we naturally take the protection of consumer interests as the starting point. The shift in research from the examination of frugality to consumer interests reflects the transformation of the Chinese moral mentality from obligation-orientation to right-orientation. Keywords: consumer rights, human rights, consumer ethics SAFEGUARDING CONSUMER RIGHTS, THE FIRST PRIORITY OF CONSUMER ETHICS For many conventional Chinese, assuming obligation and responsibility means almost the same as having ethics and morality. Possessing ethics and morality depends on people’s self-cultivation as they seek to develop virtues, find cause first in their own persons, and strengthen their characters. Such a mentality has a profound impact on the Chinese...
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