...2/24/2010 Ethics Defined 2 BUSINESS ETHICS Dr. Truong Thi Nam Thang CFVG/Faculty of Business Management-NEU “The study of the general nature of morals and of specific moral choices; moral philosophy; and the rules or standards governing the conduct of the members of a profession†(The American Heritage Dictionary) Ordinary versus Ethical Decisions 4 Business Ethics Defined Comprises principles and standards that guide behavior in the world of business Right or wrong, acceptable or unacceptable g g, p p behavior within the organization Determined by you and key stakeholders The point where the accepted rules no longer serve, and the decision maker is faced with the responsibility for weighing values and reaching judgment in situation which is not quite the same as any or she has faced before 1 2/24/2010 The Development of Business Ethics 5 6 The Development of Business Ethics The 1960s: The Rise of Social Issues in Business Consumer’s Bill of Rights Ralph Nader Wholesome M t 1967 Wh l Meat Radiation Control 1968 Clean Water 1972 Toxic Substances 1976 Before 1960: Ethics in Business U.S. politics: A living wage The New Deal The Fair Deal Philosophy’s domain The Development of Business Ethics 7 8 The Development of Business Ethics The 1980s: Consolidation Organized field of study Business ethics centers Business ethics courses Defense industry initiative Multinationals Self-regulation (Reagan/Bush) The 1970s: Business Ethics...
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...Practice of the International Business Ethics Gabriela Dubcová* ABSTRACT The ethics triangle: national law, culture and political economic system. Key factors of current ethics issues in an international environment. The most visible changes in environment dimensions. Principles of international business ethics. Current ethics challenges in international environment. Common issues of the international business ethics. Comparison of ethical standards in different cultures. Accelerating development of globalization and assimilation between Europe and the USA. Differences between Europe, the United States and Asia in the business ethics perspective. Development processes of global business ethics. Levels of global business ethic level. Principle of normative guidelines for business conduct of multinational corporations. Current functioning of institution engaged in the international business ethics. Key words: The ethics triangle; Current ethics issues; International business ethics; Ethical standards; Global business ethics; Institution engaged in the International Business Ethics. JEL classification: K2, M1 Introduction The present economic situation in the globalized world generates very efficient processes in international companies with large profits for managers but with a relevant risk in economic and noneconomic ambit to eliminate any negative impacts of the crisis from one country to another. In this case, it is necessary to enact and apply ethics principles in international...
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...Business Ethics Across Cultures Article Review XMGT/216 March 5, 2012 Leat Kodua BUSINESS ETHICS ACROSS CULTURES ARTICLE REVIEW Business Ethics Across Cultures This paper will focus on the two articles that I chose to discuss, ‘Business Ethics in Australia and New Zealand1’ and ‘Business Ethics in Japan.” This paper will provide a brief summary of both articles and try to explain some of the primary ethical perspectives of the countries. In the contents of this paper there will also be a discussion on how the articles contribute to understanding global ethical perspectives and will briefly describe the similarities and differences of the business ethics in these two countries and the United States. Although the first article is titled ‘Business Ethics in Australia and New Zealand’ I will discuss only Australia as New Zealand is considered a separate country. Australia This article discusses the effects of the scandals of the 80’s and extending into the 90’s on Australia and New Zealand as both countries have always claimed to be open, fair and honest societies and the scandals that erupted during the 80’s and 90’s shocked the people of Australia exposing the corruption and dereliction of duty that existed where they felt none did. These scandals brought to light the need for ethical codes within the private and government businesses within Australia, however chief executives and senior government officials still are finding it difficult to accept...
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...Evolution of Business Ethics Introduction In any business, decisions must be made to ensure that a business entity or firm is conformity with its vision as well as mission. Most of decisions made by businesses are tailored toward wealth maximization of the firm which ensures that there is continuity production and operation of the entity. It is clear that most if not all businesses want to make profits, however, it is undeniable too that businesses must also be socially responsible to their environment which in this case involves consumers, sellers, lenders, the government and the entire community at large (Ferrell, Fraedrich & Ferrell, 2011). For a business to be able to accept its social responsibility, then the application of business ethics must be applied. Business ethics is considered to be the accepted norms or set standards that determine what is right and wrong in the context of a business organization. Therefore, this paper will summarize the development of business ethics over the past thousand years and describe the major changes that led to the focus of business ethics. In addition, the paper will illustrate how these changes impact business practices and compare them with my personal values that have evolved over time. Development of Business Ethics over the decades The origin of business ethics can be traced back during the time of business development, this goes back before 18th century, like any other personal values and norms, ethics in business has been...
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...View of Business Ethics Summary Paper of My ‘Ethical Position’ From My Experience, Knowledge And What I Have Gleaned From The Business Ethics Class. ABSTRACT The ability to recognize and deal with complex business ethics issues has become a significant priority in twenty-first century companies. In recent years, a number of well publicized scandals resulted in public outrage about deception and fraud in business and a demand for improved business ethics and greater corporate responsibility. The publicity and debate surrounding highly visible legal and ethical lapses at a number of well known firms, including AIG, Countrywide Financial and Fannie Mae, highlight the need for businesses to integrate ethics and responsibility into all business decisions. The field of business ethics deals with questions about whether specific business practices are acceptable. For example, should a salesperson omit facts about a product’s poor safety records in sales presentation to a client? Should an accountant report inaccuracies that he or she discovered in an audit of a client, knowing the auditing company will probably be fired by the client for doing so? Should an automobile tire manufacturer intentionally conceal safety concerns to avoid a massive and costly tire recall? Regardless of their legality, others will certainly judge the actions taken in such situations as right or wrong, ethical or unethical. By this very nature, the field of business ethics is controversial...
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...[pic] |A History of Business Ethics | |By Richard T. De George | |The term 'business ethics' is used in a lot of different ways, and the history of business ethics will vary depending on | |how one conceives of the object under discussion. The history will also vary somewhat on the historian—how he or she sees | |the subject, what facts he or she seeks to discover or has at hand, and the relative importance the historian gives to | |those facts. Hence the story I'm going to tell will be somewhat different from the story someone else might tell in various| |particulars, and I hope that instead of being a dull recitation of facts it might in fact prompt some discussion at the end| |by those who would tell a somewhat different story. | |The story I will tell has three strands, because I believe the term business ethics is used in at least three different, | |although related, senses. Which sense one chooses therefore gives priority to nature of the history of the topic. The | |primary sense of the term refers to recent developments and to the period, since roughly the early 1970s, when the term | |'business ethics' came into common use in the United States. Its origin in this sense is found...
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...INTRO Business Ethics (also known as corporate ethics) is a form of applied ethics or professional ethics that studies the ethical principles and moral or ethical problems that arise in a business environment (source: Wikipedia). This applies to all aspects of business conduct and is relevant to the behavior of individuals and organizations overall business. Applied ethics is a field of ethics dealing with ethical questions in many fields such as medicine, engineering, law and business ethics. Business ethics can be a discipline both normative and descriptive. As the practices of the company and a career specialization, the field is primarily normative. The scope and quantity of business ethics reflects the degree to which its business is considered contrary to the social values of non-economic. , For example, today most major corporate sites put pressure on the commitment to promote social values of non-economic under various posts (eg code of ethics, social responsibility). In some cases, companies have to reformulate their core values in the light of considerations of business ethics....
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...Personal Ethics Development PHL 323 John Banks UOPX February 14, 2012 Individuals are born without any personal values or beliefs, babies are born with the ability to cry when he or she desire food, attention, or some form of attention. Ethics are learned and developed when a individual is born into the world and ethics continue as a individual goes through life. A parent goal is to develop values in his or her off springs to establish the capability to encourage him or her to make correct judgment and ethical decisions. This paper will focus on personal ethics, business ethics, ground rules, and ethical development. Ethics are principles and the sources from which ethics derives, people, institutions, events and so on. The decision making factors a individual employ to revise his or her values will also be explored. Personal ethics development, are result of personal experiences or examples. This paper will explained why ethics are needed in an organization and how ethics are imparted into organizations to achieve goals and directions. Individuals exist with different values and ethical standards, and other may have ethical standard similar to other people, however no two individuals have identical standards or values. A person ethics and values are related to his or her own culture, background, and environment. An individual mother and father teach their children traditional values which becomes the foundation of his or her upbringing...
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...Introduction The history of business ethics is as old as the religious books like the Bible and the holy Quran. These religious books have talked about truthfulness, transparency and honesty among people. The prohibition of theft, self-interest at the cost of others, and malice in these religious sources have a direct application the world of business. The history of business ethics has evolved during the long course of time and is still in this phase of development. The application of business ethics varies in different context. There have been radical changes in the world of business which has evolved the business ethics to its current form. And with continuously changing business world we can presume that in the future business ethics will undergo more changes. It will evolve continuously. The business ethics has an immense scope touching every human living in the society. The affects the daily decision making in the society, irrespective of whether it is a big decision affecting large masses or small decision affecting just one person. Business ethics can be looked at by different perspectives. One perspective is that of organization point of view which concerns about the things that an organization should do. While the other perspective is the things that must really be done irrespective of an organization. The latter one gauges the different aspects of an organization. The literary evidence for the history and development of modern era business ethics can be traced back to 1930s...
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...SUSTAINABLE DEVELOPMENT Student Name: Student Number: Instructor: Class: Date: The concept of Sustainable development has in the recent past, raised concerns in all aspects of day to day living. Consequently, over the years a number of definitions and connotations have been associated with this concept, so as to apply it in different professional settings. Particularly, different professions have adopted various codes of ethical; conduct centered on sustainable development. Accordingly individuals working in various sectors constantly seek to adhere to these codes of conduct within their mandates. The engineering sector is one such area where the concept of sustainable development is regarded as a key tenet guiding ethical conduct among engineers. This paper traces the history of the concept of sustainable development and how it is practically incorporated into the engineering profession. Further, this paper examines the current Engineers’ Code of Ethics and how it addresses the issue of sustainable development. There have been various definitions regarding the concept of sustainable development. However, all these definitions revolve around the concept of need and limitation. The all time famous definition was one brought forward by the world Commission on Environment and Development in 1987 that termed sustainable development as, ”development that satisfies present needs without undermining the ability of future generations to satisfy their own needs.”. This definition...
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...Business ethics on same-sex relationships has been established by diverse organizations, to ensure that the rights of employees in an organization have been protected. There are rules and guidelines, which, are also laid down to ensure that there is no discrimination of individuals in the organization who have been considered to have relationships of the same-sex in the company. The discriminations that have been analyzed to face individuals engaged in same-sex relationship, in the organizational environment include discrimination on insurance benefits, conditioning promotion and demotion among others. Business ethics are meant to ensure that there is no discrimination of individuals in the organization despite the difference in sex relationships, race, religion, color, age, national origin, and disability among others. In a case where individuals have a relationship in the organization, the company should ensure that they are all treated equally. This will help in ensuring that the individuals in the various departments work effectively and as expected from them, which will also help in the growth and development processes of the organization (Beauchamp and Childress, 25). Research indicates that some employees have been discriminated because of having same-sex relationships in an organization, which has led to the employees withdrawing from their work. This is based of the environmental conditions experienced by individuals, for instance demotion, and conditional promotion...
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...Assignment on Ethics In Organization S.R.Lutra Institute Of Management Submitted to Amruta Nag Submitted by Pratibha Chaudhari 08 Payal Khetani 17 Nikita Pereira 27 Dhara Suvagiya 31 Hetal Vaghora 32 (MBA 1st shift Academic Year 2010-11) Ethics in organization Introduction to ethics Ethics is not a recent discovery. Over the centuries philosophers their struggle with human behavior have developed different approaches ethics, each leading to different conclusions. The word “ethics” which are coined from the Latin word ‘ethics’ and greek word ‘ethikos’ pertains to character. Ethics is thus said to be the science of conduct and morals. Meaning Ethics is the branch of philosophy which is the systematic study of selective choice, of the standards of right and wrong and by which it may be ultimately be directed...
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...How Personal Can Ethics Get? Michael McMillan Gail Ferreira Leadership and Organizational Behavior January 23, 2010 1. Discuss how personal differences and preference can impact organizational ethics. Ethics is defined as the philosophical study of the moral value of human conduct and of the rules and principles that ought to govern it; moral philosophy. This definition implies that one individual may see one thing ethical while another may see it unethical. Most of all individuals develop their own rules of personal ethics based upon a wide-ranging variety of sources and faith systems. Everybody develops and obtains their logic of right and wrong via the way they have been brought up to believe. Because there are many views of what is ethical and unethical, Lawrence Kohlberg developed the stages of moral development. The stage of moral development makes it obvious how a person will make judgment on ethical dilemmas within an organization. Kohlberg suggest that an individual progresses through these stages during their lifetime. There are six stages of moral development, and the stages are divided into three levels of development. The first level of development is called the “pre-conventional” level. On this particular level, an individual assesses ethical issues based on idea of avoiding punishment and seek personal reward. The second level is called “conventional” level. In this next stage a person assesses ethical issues on the basis...
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...paper on personal ethics development that examines your personal ethical system and ground rules, including its origins and development. o Incorporate the terms found in the University of Phoenix Material: Key Terms located on the student Web site. o Focus on the developmental aspect of your ethics rather than on a particular position on any issue. o Define your underlying ethical system, its primary principles, the sources that helped shape your ethics—such as people, institutions, events, and so forth—and the criteria and decision-making factors you used to revise them. o Discuss the potential effect of your ethics on your performance or use of them in your workplace using a specific personal example. o Explain why ethics are needed in an organization and how ethics are integrated into the organization to achieve its direction and goals. What effect does the application of these ethics have on individuals, organizations, and society? • Format your paper according to APA standards. • Submit your paper to the Plagiarism Checker. Submit it for review and provide a copy of the report to your facilitator with your assignment. Personal Ethical Development Given the almost collapse of the very foundation of the financial industry in the United States which then rapidly metastasized to a financial and economic crisis with global proportions, ethics and ethical behaviours in doing business and the lack of it was one of the major factors why the mortgage meltdown happened. Thus...
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...Corporate Marketing Ethics and its Relative Importance Vivek Parashar Lecturer of Marketing Center for Management Development (CMD) Dr. K.N Modi Foundation Modinagar – 201204 Email id- vparashar.edu@rediffmail.com vparashar@in.com Mob: 08899080891 |Abstract | |Markets present a clash of interest between various players. There is competition for resources, customers and price etc, which breeds ground| |for activities that may not get ethical sanctions. A certain code of conduct, policies and practices called ethics are required to manage | |markets and marketing. | |Marketing is the heart of all businesses and all other functions depend upon the same for keeping the business moving. It is one business | |function that interacts the most with markets, in fact markets are meant to sell and they exist only when they sell! In such a scenario there| |are bound to be multiple players and a clash is inevitable. Such clash leads to malpractices like hoarding, price competitions, brand wars | |and use of unfair tactics, which is precisely where marketing ethics come into play. | |It is important when addressing marketing ethics to recognize that...
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