Premium Essay

Business Ethics Property Rights

In:

Submitted By rockstar6163
Words 607
Pages 3
Meghan Muller
December 18th, 2012

Property rights are a topic brought up in many discussions and debates. It is such an important aspect in our lives, and is a major part of our freedom. The right to ownership begins with out natural rights. In our natural state we have a right to our body which leads us to have a right to the to the energy we exert. Locke explains this to us by saying “The labor of his body, and the work of his hands, we may say, are properly his. (Locke, 209)” Once we exert energy onto an object, or land, that entity is now fulfilled with our personal labor. Property rights should guarantee that that entity is now rightfully ours. Proudhon furthers this discussion by simply stating, “Property is robbery.” The capitalist pays a wage in return for labor, however, that entity is still enriched with the workers energy. If what Locke claims is true, you are entitled to whatever you exert your energy upon. This is not the case for Proudhon's explanation. The capitalist owns whatever the laborer creates. He is therefore robbing the laborer of his property. In many aspects this is unethical.

There are many different opinions about how to classify the labor workers produce everyday. It is given that as humans we are entitled to entities created with our labor. There are also many ideas on the impact labor has on our society and self interest.
Smith discussed his idea of an “invisible hand” that is apparent in the lookout for self interest. We need to look out for ourselves so we can ensure that we are around to live another day. This may be by owning a butcher shop or a bakery shop as a means to make money and buy our necessities. In looking out for ourselves we also help out those in need, whether it be baked goods or meats. Helping others may seem to be the first reason we own a shop but it isn't. This is the way of the

Similar Documents

Free Essay

Leg500

...Coretta Brown Assignment 4: Legal and Ethical Considerations in Marketing, Product Safety, and Intellectual Property LEG500 August 25, 2014 Write an eight to ten (8-10) page paper in which you: http://www.insidebusiness360.com/index.php/ethical-issues-faced-by-marketers-18696/ Legal and ethical situations have been a topic in the business world since day one. Legal and ethical can sometimes be confusing in the work place if there are not rule and regulation to abide by in the organization. Legal is an act according to law, not in violation of law or anything related to the law. Ethical involving questions of right and wrong behavior relating to ethics and following accepted rules of behavior that are morally right and good. 1. Research three to five (3-5) ethical issues relating to marketing and advertising, intellectual property, and regulation of product safety and examine whether PharmaCARE violated any of the issues in question. Marketing is the total of activities involved in the transfer of goods from the producer or seller to the consumer or buyer. Advertising is the act or practice of calling public attention to one's product, service, need, etc., especially by paid announcements in newspapers and magazines, over radio or television, and on billboards. According to Mathenge,“Over the years, advertising and marketing communication messages have created a lot of debatable ethical issues, due to the public belief , that advertisements...

Words: 2324 - Pages: 10

Free Essay

The Worn Path

...Real Estate/Property Management Instructor: Richard Abshier August 26, 2012 Rental Apartments and Homes, Management In apartment and housing rentals the management and staff deal with all kinds of people from vendors, contractors, tenants, and possible tenants. The management and staff must conduct themselves in an ethical manner. As in life sometimes, have to bite our tongues, as not to offend anyone, you should also remember that any information obtained is private should be kept private. Never give this information to another tenant or client. Your integrity and the company that you work for is very important. putting the ethics and integrity at risk could cause you to lose your job or even be sued by the person who`s information you talked about or gave out. Making sure that the property is safe for all to live in, and is a safe hazard, free environment for a family to live. Remembering to continue getting education on new ways of providing correct information and knowing what to do in different circumstances. Like all things in life we have ethics and values that we should follow. When working in Property Management you have all kinds of people you must deal with. Conducting the day to day business brings many challenges that we must make choices, Making the ethical choice is easy when you follow the Code of Ethics of the Accredited management organization (AMO). (Symmonds 2012). There are so many areas to cover in Rental apartments and homes that ethics must be...

Words: 2808 - Pages: 12

Premium Essay

Article Review

...about an article. Also it will assess the different types of legal protections for intellectual property. It will analyze the legal issues of e-business. That will include intellectual property, privacy. Ethics, and security. Article Review This paper will be a review about an article. It will assess the different types of legal protections for intellectual property. It will analyze the legal issues of e-business. With that it will also include intellectual property, privacy. Ethics, and security. This article is about Apple and their history of legal disputes between Apple, the computer company, and Apple, the Beatles’ record company. The disputes were about the same thing every time and that was their similar logos. The two companies have gone to court twice for this before. They went to court in 1981 and in 1991. They are now going back to court saying that the computer company is over stepping its bounds of the agreement that has been made. There are four types of intellectual properties. The types are copyrights, patents, trademarks, and trade secrets. “A patent grants property rights on inventions, allowing the patent holder to exclude others from making, selling or using the invention. A trademark is a word, phrase, symbol, or design that distinguishes the source of the goods of one business from its competitors. A trade secret is a formula, process, device, or other business information that companies keep secret to give them an advantage over their competitors. Copyrights...

Words: 516 - Pages: 3

Premium Essay

World Trade Organization

...International Business Environment BE2501 – Summary Chapter 1 Globalization – refers to the shift toward a more integrated and interdependent world economy. Globalization of markets – refers to the merging of historically distinct and separate national markets into one huge global marketplace. Globalization of products – refers to the sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production (such as labor, energy, land and capital) General Agreement on Tariffs and Trade (GATT) World Trade Organization (WTO) – is primarily responsible for policing the world trading system and making sure nation-states adhere to the rules laid down in the trade treaties signed by WTO member states. International Monetary Fund (IMF) and the World Bank (WB) were both created in 1944 by 44 nations that met at Bretton Woods, New Hampshire. The IMF was established to maintain order in the international monetary system; The WB was set up to promote economic development. United Nations (UN) – was established on October 24, 1945, by 51 countries committed to persevering peace through international cooperation and collective security. International trade occurs when a firm exports goods or services to consumers in another country. Foreign Direct Investment (FDI) occurs when a firm invests resources in business activities outside its home country. Stock of foreign direct investment – refers...

Words: 2473 - Pages: 10

Premium Essay

Property

...Legal and Ethical Considerations in Marketing, Product Safety, and Intellectual Property LEG 500 August 26, 2014 Legal and Ethical Considerations in Marketing, Product Safety, and Intellectual Property Ethical dilemma may be defined as a situation where one has to make a decision but the decision to be made has some impact on either of the choices taken. In different organizations, there are times where a manager may be faced by ethical dilemmas that he or she is supposed to look into. The process may be difficult since the manager has to deal with such situations without discriminating on any individual. Any activity that relate to business management in relation to the society, consumers, and the business itself should consider all ethical issues relating to the environment. It is important for business owners to alight ethical issues to their business plans. Ethical issues may relate to advertising and marketing, regulation of product safety, and intellectual property. Marketing and advertising, relating to any industry in the market, may have different forms of ethical issues. For example, advertising may be unethical when the content in the advertisement has unethical issues such as the use of harsh language or pictures that may not be pleasant to all age groups (Ashcroft, 2007). It is important for advertising agencies to consider all ethical factors while posting any advertisement to the public. In addition, marketing may lead to unethical issues...

Words: 2863 - Pages: 12

Premium Essay

Speed Way

...Legal and Ethical Considerations in Marketing, Product Safety, and Intellectual Property Name: Hanadi Rabadi Course: LEG 500 Professor: Gus Weekley Date: 09/01/2014 Legal and Ethical Considerations in Marketing, Product Safety, and Intellectual Propertyt Inreduction Ethical dilemma may be defined as a situation where one has to make a decision but the decision to be made has some impact on either of the choices taken. In different organizations, there are times where a manager may be faced by ethical dilemmas that he or she is supposed to look into. The process may be difficult since the manager has to deal with such situations without discriminating on any individual. Any activity that relate to business management in relation to the society, consumers, and the business itself should consider all ethical issues relating to the environment. It is important for business owners to alight ethical issues to their business plans. Ethical issues may relate to advertising and marketing, regulation of product safety, and intellectual property. Marketing and advertising, relating to any industry in the market, may have different forms of ethical issues. For example, advertising may be unethical when the content in the advertisement has unethical issues such as the use of harsh language or pictures that may not be pleasant to all age groups (Ashcroft, 2007). It is important for advertising agencies to consider all ethical factors while posting any advertisement to the public...

Words: 2872 - Pages: 12

Premium Essay

Week 7 Assignment 3

...Week 7 Assignment 3 - LEG 500 August 15, 2014 PharmaCARE Company is one of the leading world pharmaceutical companies, that enjoys an honest name of a caring and well-run company and that act ethically toward its stakeholders. It provides with the high-quality products and saves people’s lives increasing its quality. However, the case with the African nation of Colberia, where the PharmaCARE holds its big manufacturing object, raise community fears as for the unethical attitude toward the indigenous population of this land. The following paper will illustrate the main unethical considerations of the Company, will describe the key characteristics of its stakeholders, and will illustrate the human rights issues presented by PharmaCARE's treatment. The paper will also suggest the changes that PharmaCARE can perform to be more ethical. The key characteristics of the stakeholders within the PharmaCARE PharmaCARE follows the open-door policy and culture among its employees. It stands for the employment equity and promotes the development and progress of its people. The company conducts workshops and training sessions to create its employees’ awareness of and ensures with the training of new processes and new technology that it establishes. It often presents health care staff with the challenging issues to ensure the staff to be aware of new medication nutritional care, some potential side effects or...

Words: 2024 - Pages: 9

Premium Essay

The Development of a Code-of-Ethics: It Challenges

...The development of a code-of-ethics: IT challenges Geraldetta Lovelace Northcentral University The development of a code-of-ethics: IT challenges The problem to be investigated is the development of a relevant and effective code of ethics to address the ethical use of and the ethical issues related to the use of Information Technology (IT). The use of IT, like every innovation that has the potential to change lives for good, also has the potential for harm, however IT “seems to create more ethical challenges than other kinds of technology” (Brooks, 2010, p. 2). To be proactive, ethical issues involving IT need to be addressed by educational programs as well as businesses and professional IT organizations. Discussed herein are ethical challenges presented by the four issues of concern identified by technology managers: security, privacy, intellectual property and electronic monitoring of employees (Brooks, 2010, pp. 1, 2). Security In this context, security refers to maintaining the integrity and confidentiality of data by putting protective measures in place to prevent destruction and/or unauthorized use. Security issues involve internal as well as external forces. Hacking is usually thought of as being an external force, but can be an internal force as well. Any act of accessing a computer system and/or information without the authority to do so is considered hacking. Whether the information attained is used for good or evil, is another issue and does not negate that...

Words: 1691 - Pages: 7

Premium Essay

Re: Hello!!! My Name Is Noora

...of some, if not all, of their debt, p. 82 | business | An organization that strives for a profit by providing goods and services desired by its customers, p. 76 | cartel | An agreement between enterprises to lessen competition, p. 85 | consumerism | A movement that seeks to increase the rights and powers of buyers vis-À-vis sellers, p. 83 | copyright | A form of protection established by the government for creators of works of art, music, literature, or other intellectual property; it gives the creator the exclusive right to use, produce, and sell the creation during the lifetime of the creator and extends these rights to the creator’s estate for 50 years thereafter, p. 81 | costs | Expenses incurred in creating and selling goods and services, p. 77 | deregulation | The removal of rules and regulations governing business competition, p. 82 | excise taxes | Taxes that are imposed on specific items such as gasoline, alcoholic beverages, and tobacco, p. 86 | goods | Tangible items manufactured by businesses, p. 76 | income taxes | Taxes that are based on the income received by businesses and individuals, p. 85 | monopoly | A situation where there is no competition and the benefits of a free market are lost, p. 85 | not-for-profit organization | An organization that exists to achieve some goal other than the usual business goal of profit, p. 77 | patent | A form...

Words: 1135 - Pages: 5

Premium Essay

Rfsdgsdfg

...BMO5501 BUSINESS ETHICS AND SUSTAINABILITY Assignment 2 : Reflective Journal Page 1. Overview 2-3 2. Table of Contents a) Business Ethics 4-5 b) Sustainability 6-7 c) Capitalism 8 d) Corporate Social Responsibility 9-11 3. References 12 Overview The three main topics of the course, Ethics & Business Ethics, Sustainable Development and Corporate Social Responsibility (CSR) are very relevant in today’s business world. The phasing and sequencing of readings starting with Ethics, then to Sustainability and ending with CSR provides a good foundation to the business practices of CSR. Without the foundational understanding of Ethics normative theories and Sustainability phenomenon and issues, and the concepts of socialism, capitalism, corporate citizenship, the readings and eventual learning about the subject of CSR would be more superficial and spiritless. The 4 key normative ethical theories of Egoism, Utilitarianism, Kant’s, Rights have very different moral reasoning in judging what is right or wrong, good or bad. Egoism is very individualistic and consequentialist. Utilitarianism is also consequentialist but based upon the aggregated greatest number of well beings. The opposite of these two are non-consequentialist, one theory is based on the motives – Kant’s categorical imperative and second theory is based on Rights, human rights and natural rights. Each ethical theory has its valid...

Words: 3166 - Pages: 13

Premium Essay

Chapter Summaries

...CHAPTER SUMMARY – CHAPTER 1 – ETHICS IN THE WORLD OF BUSINESS Frequently, the ethically correct course of action is clear, and people in business act accordingly. Exceptions occur when there is uncertainty about ethical obligations in particular situations or when considerations of ethics come into conflict with the practical demands of business. In deciding on an ethical course of action, we can rely to some extent on the rules of right conduct that we employ in everyday life. However, business activity also has some features that might limit the applicability of our ordinary ethical views. One distinguishing feature of business is its economic character which can be summarized as the conduct of buyers and seller and employers and employees. A second distinguishing feature of business is that it typically takes place in organizations which is a hierarchical system of functionally defined positions designed to achieve some goal or set of goals. Because business involves economic relations and transactions that take place in markets and also in organizations, it raises ethical issues for which the ethics of everyday life has not prepared us. Decisions making occurs on several distinct levels: the level of the individual, the organization, and the business system. The level of the individual represents situations that confront them in the workplace and require them to make a decision about their own well-being. The level of the organization can be identified...

Words: 8804 - Pages: 36

Premium Essay

Leg 500 Assignment 3

...Assignment 3: Legal and Ethical Considerations in Marketing, Product Safety, and Intellectual Property Kemal Cankaya Strayer University Law, Ethics, and Corporate Governance Prof. Augustine S Weekly December 15, 2013 1. Research three to five (3-5) ethical issues relating to marketing and advertising, intellectual property, and regulation of product safety. With the globalization in world economy, business ethics became indispensable neces- sity for companies. Business to business ethics of appropriate behaviors in the long term success of businesses in a positive direction, otherwise it has been the power to adversely affect the behavior. As a result, the collapse of ethical scandals have emerged released in the United States of America and Europe. Business, which clearly indicates the necessity and importance of business ethics ethics have valuable lessons from the collapse. Ethical issues at Marketing Nowadays, marketing ethics, ethical issues comes up with sales-related studies and sensitivity in the community. This aspect of the business from a societal perspective should insist on the importance of ethical practices. As a result of marketing activities by the community due to the high impression, often come up with moral problems in the advertising, personal selling, market research and international marketing issues are seen to be available to unethical behavior. Especially in the 1970s and 1980s, various scandals...

Words: 2291 - Pages: 10

Premium Essay

Kfc’s and Mcdonald’s Intercultural Managements

...America and China. In the Western civilization, business is often about the fundamentals when dealing with the idea of marketing. These are usually six different fundamentals such as, strategy for sound marketing, research for professional marketing, development for a world-class product, prices’ that are effective, motivation for promotion, and distribution that is appropriate. With a focus on the basic, makes for a successful outcome in competitive marketing. Even so, when business collides with Western (America) and China, differences in culture can become a problem. This becomes an issue that is more than just fundamentals. For a worldwide view, factors have to be considered in order to be successful. This factor would be culture. Cultural views and expectations are crucial in business. Westerner marketers have to come with the knowledge of awareness to the background of the culture, and in which the world they live in. This is the ability that can affect business ethics. USA and China have different ethical behaviors in the way they conduct business. The USA foundation of ethics is based on the origins of Puritan’s. They tend to be based on a foundation of traditional Judeo-Christian and Western socio theological laws and principles (Iseberg, S. 1999). This system is biblical in ethics and morality. Society is based on sovereign authority of moral, that being God. God as the sovereign, declared what was right and what was wrong. This was the bases on the...

Words: 1127 - Pages: 5

Premium Essay

Leadership

...and Management Ayanna G Hawkins​ Argosy University Atlanta Professor Tebao March 11, 2015 Abstract Intellectual property is any product of the human intellect that the law protects from unauthorized use by others. The ownership of intellectual property inherently creates a limited monopoly in the protected property (Cornell University Law School, 2012). There are four categories that make up intellectual property. These include copyright, trademark, trade secrets and patent. There are numerous situations where intellectual property is compromised by users that do not follow guidelines regarding patent and trademark. In this paper, I will discuss how Normandale violated patent and trademark laws, while compromising their ethical and social responsibility. Introduction The legal system affords specific constitutional rights and safeguards for proprietors of property. Intellectual property (IP) includes creations used in commerce, such as inventions, works or art and literature, symbols and designs, and names and images (World Intellectual Property Organization, n.d.). The American Intellectual Property Law Association (AIPLA, 2015) explained that “federal patent, trademark and copyright laws and state trade secret laws” (para. 1) are the basis of IP protections and rights of owners. The AIPLA (2015) also noted, “In general, patents protect inventions of tangible things; copyrights protect various forms of written...

Words: 1452 - Pages: 6

Premium Essay

Business Ethics

...during the arbitration. The disputes commonly involve intellectual property, privacy, ethics, and security. Many business to business contract disputes will include construction companies, real estate, Insurance claims, and in some cases they will include television stations. Upon reading an article with the famous TV show the Simpsons and the contract dispute with CBS, the show was almost canceled due to a contract dispute.  The dispute between CBS and the TV show the Simpsons was over the salaries of the cast members. This would not be classified as an intellectual property legal issue. Intellectual property (IP) typically involves patents, trademarks, industrial design, copyrights and artistic work. Since it is much easier to prove that you own a physical object than it is to prove that you own an invention. In the contract dispute between CBS and the Simpsons it was more of an ethical issue that took place (CBS News, 2011). Disputes such as the dispute between CBS and the cast of the Simpsons still would not fall under patents, copyrights or trademarks. Patents are for an invention to grant property rights to the inventor. A patent is valid for 20 years from the date on the application. A copyright is a protection for the authors of original work. If the dispute had been over the Simpsons and another’s use of the catchy quote “d’oh” it would have fallen under the trademark protection. Trademarks are the rights to prevent others from using similar marks, or prevent others...

Words: 822 - Pages: 4