...What is Business Ethics Troy Jaskolka MGT/216 July 26, 2010 William Carroll What is Business Ethics In today’s business culture, ethics is a trait highly publicized by not only the media but also by business professionals. According to “BNET Business Dictionary” business ethics is a system of moral principles applied in the commercial world. Business ethics provide guidelines for acceptable behavior by organizations in both their strategy formulation and day-to-day operations. Business ethics is also known as morality in business. This definition constitutes a trait that should be acceptable business acumen. Today, business ethics are portrayed as skewed and self serving. Because of such scandals as Bernie Madoff, Enron and the Arthur Anderson scandal, millions of people have come to the conclusion that businesses have pushed aside these ethics and welcomed the bottom line as their only source of morality. With such scandals taking over print media, television and radio, it is hard for one not to develop mistrust. Consumer confidence issues are a category of business ethics that affect not only the community but also the well being of the company. In order for a company to sustain in both the community and business world, sales must incrementally adjust to the growth of the company. A drop in sales because of mistrust issues can result in declining stock performance, layoffs, and eventually company closings. Consumer confidence also...
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...Student id: 30308268 contract is basically an understanding between two or more individuals which will be upheld by a court of law. An agreement may be altogether in composing, totally oral or somewhat composed and mostly oral. It just valids in the event that it meets its circumstances . For a consent to be legitimate it must fulfill the seven components. * offer: An agreement exist where an offer has been acknowledged and good consideration is provided.At law, offer may be depicted as the sign by one individual to another of his ability to go into an agreement with him on specific terms. * Acceptance: In the event that an offer has not been pull back or rejected it might be accepted . Acceptance of offer creats understanding. Rule of acceptance: * Only the offeree may accept the offer. * Acceptance must be final and unqualified. * Acceptance must be communicated to the offeror , unless one of the exceptions applies. * Intension: It is a term used to describe weather the court ought to assume that gatherings to an assention wish it to be enforceable at law. By the utilization of target test the court must translate the parties' intension. * Consideration: Coonsideration is the term utilized as a part of agreement for the association with contracts. it is guarantee make by one parties to another parties during contract. It can be money , objects , facilities etc. There are two types of aggrements: * Deeds ( which don’t require consideration) * Simple...
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...KIN 312M – Management of Physical Activity & Sport Programs Spring 2015 Study Guide - Exam 2 About the exam: The exam will consist of multiple choice, true-false questions, and matching questions just like the format of Exam 1. The exam will be worth 15% of your grade, calculated out of a total of 50 points possible. You will have 2 hours to complete the exam. NOTE: You are responsible for ALL lectures and ALL reading materials in this section, regardless of whether or not it was discussed in class. Exam 2 will cover chapters 6-9, 12, 13. Lecture: PROFESSIONAL SPORT Reading: CHAPTER 9 • Explain the history of pro sport • Describe 4 features that make pro sport unique from other business • Define “league think” • Explain a collective bargaining agreement and the three basic rights of labor agreements • Define free agency and explain its effect on pro sport • Explain a salary cap and why it is applied in pro sport • Describe the player draft and explain why its used • Describe the role of the media in pro sport; explain its impact on the different leagues • Identify and explain potential revenue sources for pro sport • Explain the future challenges for pro sport managers Lecture: INTERCOLLEGIATE SPORT Reading: CHAPTER 8 • Explain the origins/development of college sport • Identify the different governing bodies in college sport (in particular, the NCAA & its divisions) • Describe the purpose and function of athletic conferences • Describe the purpose of...
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...Business Research Ethics Albert Sosa RES/351 August 11th, 2014 Business Research Ethics Introduction Recently my organization has implemented a systematic performance improvement plan (PIP) process. The plan is designed to assist management in the development and improvement of their subordinate work force. Transforming a large organization like ours required a well design development and implementation plans. Our company performed a lot of research, analysis, and surveys in the development of our company’s performance improvement plan. Throughout this process the company had to access the needs of the organization, develop a strategy that would be in direct alignment with the company’s mission, and identify company priorities, roles and responsibilities; while maintaining a healthy work environment. Plan Development Research During the development phase our organization evaluated the goals and measures in which it wanted to achieve, keeping in mind employee needs, as well as meeting customer expectations. This phase of the development process is crucial because it identifies what the company will do to achieve its goals, and accomplish its mission. Improper analysis and research of required metrics and actions that the company must take in order to meet its mission, or simply over stating the required goals whereas creating unattainable metrics; to allow the company to justify closely monitoring, address, and/or terminate employees who are not meeting target will severely...
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...Facebook: its about the money Case study Facebook that is free to join and always willbe, facebook get the money from service 1bilion subsriber, and revenue facebook enterely came from advertising. Facebook doesnt have a divverse array of hot new gadgets, a countrywide net work of brick and mortar retail outlets, or full inventory of softwere for sale; instead it has your personal information, and the information of hundreds of milions of other with facebook account. case Facebook goal is to serve advertisement that are more relavan to you than any where else on the web, but wit and without your consent can be also used againts you in other ways.facebook goal is user to share as much as data as posible, because the more facebook know about you, the more accurately it can serve relavant advertisement to you. Facebook want make more money, but company has checked past of privacy violations and misstep that raise doubts about whether it should be responsible for the personal data of hundereds of millions of people.Different low about privacy in US and EUROPE .there no law in the united states that give consumers the right to know what data company like facebook have complied.but in europe you can request facebook to turn over a report of all information it has about you. More than ever you every move, every click, on social network is being used by outside entities to assess your interestand behavior, and then pitch you an adbased on this knowledge.facebook privacy policy...
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...Ethical and Moral Issues in Business Kenneth H. Niuman University of Phoenix Ethical and Moral Issues in Business How do you differentiate between ethics and morality.?How does ethics impact governance in business organizations. Ethics and morals may seem the same on the face of it, but if one were to analyze, there is definitely some difference. Morality refers to an adopted code of conduct within an environment and a set of agreed upon rules for what is 'right' and 'wrong'. Morals have formed the spine of modern society, religion and every individual's conscience. The conceptions changed in time and take on a new meaning. For example, killing a human being is immoral in any society but when on the battlefield soldiers are given medals for killing their enemy soldiers.. In a way, morality is in sync with ethics. While one is abstract in understanding, the other is defined and in the form of written code. Morality addresses the ethical queries on the moral outcome of a specific situation. The code of conduct formulated probes prohibitions, controversial behavior, standards of belief systems and social conformity of morally 'right' behavior. Moral codes define 'appropriate' and 'expected' activity. Community morality is usually defined via commentaries and codes of authority. Morality is better understood as an assimilation of beliefs about the essentials to lead a 'good' life. It is not to be confused with religious or fanatic or political preception. Moral codes are...
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...Staying informed helps to avoid lawsuits for example we were recently informed that we need to get a CPL which is a copyright license in order to use the songs we use for our praise and worship services, we have to do this because we are using other artists lyrics and or songs. If an artist was to walk into my church or even the Foursquare Foundation and saw that we did not have a CPL license the artist would have every right to sue the church or the Foursquare Foundation can simply shut the church down, so as a precaution the leaders got together and designated a person to purchase a CPL for the church. We also pay into an insurance policy to cover the church in the event of a lawsuit or injury occurs on the church property. What is ethics? Ethics is a moral decision to do or choose to do what is right or wrong. As a leader of the church I am held to a high level of ethical Behavior. It is vital to our church or...
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...3/21/2015 Dr. Truong Thi Nam Thang Associate Professor Centre Franco-Vietnamien de Formation a la Gestion National Economics University, Vietnam Main concepts Social Entrepreneurship • value creation vs value capture Corporate Social Responsibilities Responsibilities of firm to balance 3P Minizing negative and maximizing positive impacts on society Business Ethics Norms guiding and regulating behaviors right-wrong, acceptable-unacceptable Corporate Governance Procedures, mechanisms to make sure suppliers of finance get return on investment 1 3/21/2015 Govern ment The Media Owner s Directo rs Employ ees Primary Secondary Internal Custo mers/C onsum ers Educati onal instituti ons External Society Stakeholder model Lender s/credit ors NGOs Supplie rs Service profess ionals Compe titors Busine ss organis ation Dealer s/distri butors 2 3/21/2015 Potential Ethical Implications in Business Operations OWNERS Reporting Minority shareholders Fair dividends EMPLOYEES Hiring practices Firing practices Wages & working conditions Private lives vs company lives Discrimination Honesty Unions Conflicts of interests Secrecy & espionage CONSUMERS & CUSTOMERS Advertising Packaging Product safety Deception, overselling Price fixing discriminatory pricing Collusion with competitors COMPETITORS Price fixing Unfair competition Pricing below cost Stealing personnel Industrial espionage GOVERNMENT Laws compliance Political...
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...must “guard and keep the deposit entrusted to him.” (1Timothy 6:20 Amplified Bible) New Gen is rolling out the red carpet to Benji, showering him with gifts to paint a beautiful picture to hang in a house built of cards. He must guard himself, “Watch out for false prophets. They come to you in sheep’s clothing, but inwardly they are ferocious wolves.” (Matthew 7:15 New International Version) When the CEO displayed his blatant lack of morals, having no regards for the feelings of the mother of the crying infant, or when he called those same customers he cared so much about, fat and lazy, this should tell Benji exactly how he feels about people in general not just customers. As Christians we are supposed to show love and Business Ethics Case Study...
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...Florida International University College of Business State Farm® Financial Literacy Lab http://www.business.fiu.edu/sffll 305-348-1542 Business Ethics 1 BUSINESS ETHICS An analysis of business ethics involves examining the principles and/or ethical problems that may arise a business environment context. Ethics in general is a philosophy that deals with values relating to people’s conduct when it comes to the rightness and wrongness of their actions, and the goodness and badness of the motives of such actions. This examination of people’s conduct is applied to business professionals conducting business activity when analyzing business ethics. Difference between “lawful” and “ethical” Many business professionals who are confronted with problems regarding their business activities will justify their decisions based on the legality of the ensuing actions. The fact that a particular action is legal might be enough for an individual to remove herself of any responsibility for negative consequences that might result. This leads to an incorrect thinking that because the legal systems allows it, unethical behavior cannot occur. “Lawful” does not always mean “ethical.” In 2006, Nike Inc. contracted with a supplier to make its soccer balls. The soccer balls were manufactured in Pakistan before they were sold to Nike, who would then market and sell the product worldwide. Many criticized Nike for its soccer balls being manufactured in Pakistan because child labor was being used...
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...Eric Thongori | Mr. Njagi | Date Issued | Completion Date | Submitted on | 4TH September 2013 | 21/1/2025 | 28/1/2015 | Qualification | Unit | BTEC LEVEL 3 EXTENDED DIPLOMA IN BUSINES | UNIT 37 UNDERSTANDING BUSINESS ETHICS | Assignment Title | | In this assessment you will have opportunities to provide evidence against the following criteria. Indicate the page numbers where the evidence can be found. | Criteria Reference | To achieve the criteria the evidence must show that the learner is able to: | Task no: | Page numbers: | P1 | Explain the ethical issues a business needs to consider in its operational activities | | | | | | | | | | | | | | | | | | | Learner Declaration | I certify that the work submitted for this assignment is my own and research sources are fully acknowledged.Learner Signature: Date: 27/1/2015 | Introduction Task 1 (P1): Explain the ethical issues a business needs to consider in its operational activities. Business Ethics is the moral principles of the right and wrong things that an organization can do. The aims are controlled by organizations within the business, for example, Social services/a private business. An honorable behavior is behavior of right or wrong. Business moral values include the practices and behaviors’ (good or bad) within the organization. Business managers in these organizations create decisions...
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...Reflective Commentary Infosys In today’s world organizations are having trouble to maintain long term sustainability. Corporate Social Responsibility is most vital component which helps organizations to benefit themselves while also benefiting the society. CSR is an internal built in process by which organizations manage business process and make efficient use of the resources. It helps to balance the business in terms of economics and social goals. It monitors all business processes. Corporate Social Responsibility by definition, as given by Baker (2004) is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large. In this essay I would like to discuss about various Corporate Social Responsibilities policies incorporated by Infosys Limited, India. Infosys is multinational provider of business consulting, technology, engineering, and outsourcing services. Corporate Governance and Shareholders Corporate governance is now focusing on creating a value for shareholder. The shareholders delegate decision making authority to the managers assuming that the managers will take actions which will best suite the shareholders interest. The core objective of corporate governance is to maintain long term relationship with shareholders. A good corporate governance is implemented to ensure: (i) independent and proactive...
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...Critical Analysis: "The Social Responsibility of Busine Critical Analysis of "The Social Responsibility of Business" from Milton Friedman In this essay I evaluate Milton Friedman’s essay: “The Social Responsibility of Business Is to Increase Its Profits” in 1970, on the Social Responsibility of a business and his theory, which is called the “Efficiency Perspective”. In every article and book that I have read about social responsibility, Friedman’s “Efficiency Perspective is placed centrally. During my research I found that Friedman is often criticised for being too classical. Friedman believes that manager’s foremost objective or even moral obligation to the firm should be to maximise profits always. There is however one condition that makes his perspective more complicated, not only for me, but also for several well-known authors. According to Friedman, the managers obligations should be carried out: “…while conforming to the basic rules of the society, both those embodied in law and those embodied in ethical custom”. This leads to one of the main questions of my essay: To what extent does Friedman’s “Efficiency Perspective” give foundation for responsible and moral international management behaviour? And need we any concern if it fails to do so? To fully answer the questions, I first need to explain the two different parts of the first question: responsible international management behaviour and moral international management behaviour. In businesses nowadays they...
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...Ethical Dilemma – Samouel’s Greek Cuisine Joshua has spent several hours researching his portion of his team project. His job is to collect secondary data. The conflicting information that Joshua has found is still considered secondary data even though it is not from a reputable firm. Secondary business data can be very helpful in determining the correct business path for a company to go in. The data, though conflicting should still be incorporated and explained in his research findings to his group. The data is from a government -sponsored website and may be very valuable. Joshua should stay late and examine the quality of the data he has found on the conflicting website. He needs to look at the reliability and the validity of the data that is presented. Who is the information being provided through and how was it collected, and is it free from bias? What was the data in the study originally collected for and does that influence the outcome. The information is from a government sponsored website so there is some credibility in the source. I do not feel that Joshua should ignore this research in his findings. If Joshua feels that he does not want to include this data he should talk to his group and explain why he feels it is not relevant. It should not be hidden from the findings if it has a role to play in the research and can help the restaurant’s performance in the future. There is a value in secondary research and when it is used appropriately...
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...Enoch Olutayo Dr Kristin Rajan Engl 1102-222 6th September 2013 Courage is a virtue As a kid, I watched a lot of cartoons. Some were memorable and had an impact on my life, while some were not. One of the most memorable was a cartoon called ‘Courage the Cowardly Dog’. You can probably see from the title that this cartoon was very interesting. It has had a big impact on my philosophy as I have learnt life facts from watching it. I believe that I wouldn’t be the same person that I am today if I never came across it. I think it’s safe to say that as a kid, I did not know and understand a lot of things. The world to me was in black and white. You were either the good guy or the bad guy and when I watched TV, I always liked the good guys. This was how I felt when watching ‘Courage the Cowardly Dog’ but all that started to change as I grew up. This cartoon was about a dog named Courage that was adopted by a woman named Muriel. She found him abandoned on a trash can hungry and needing a diaper change. Her and her husband, Eustace, were on their way home when she saw him and immediately fell in love with him. Courage loved Muriel for being nice and loving, almost like a mother to him, so he always took care of her. As you can probably see from the title of the show, Courage’s name is a contradiction of his actual personality. He got frightened by almost anything and was always suspicious of people and activities that happened around him. They lived in the middle of nowhere, which...
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