...Why is business ethics important? Please select all that apply. Question options: | 1) | Business has greater power and influence in society than ever before. | | | 2) | Business has the potential to provide a major contribution to our societies. | | | 3) | Business malpractices have the potential to inflict enormous harm on individuals, communities and the environment. | | | 4) | Business continues to violate ethics, across countries and sectors. | | View Feedback | Question 2 | | 1 / 1 point | The law can be said to be a definition of the minimum acceptable standards of behaviour, with many morally contestable issues not covered by the law. What does this imply for business ethics? Question options: | 1) | In a sense, business ethics can be said to begin where the law ends. | | | 2) | Businesses should prevent laws from being enacted so as to give themselves maximum freedom to act. | | | 3) | Business ethics is about uncovering the definitive answer to business ethics problems in the absence of guidance from the law. | | | 4) | The other three answers are all correct. | | View Feedback | Question 3 | | 1 / 1 point | A sex shop might call itself ethical because it... Please select all that apply. Question options: | 1) | sells sex toys made with environmentally friendly materials. | | | 2) | uses fair trade materials in its toys and aides. | | | 3) | provides philanthropic support for...
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...Sara Jones 8/2/2015 Ethics and Enterprise BUS4801 Ned Preble Ethical Motives u3a1 Sustainability Ethical Motives Sustainability Ethical Motives There is a massive ethical dilemma concerning sustainability. This the fact that without utilizing sustainable practices the earth is suffering, this has a direct impact on our lives. From using up our earth’s natural resources for power, we have created pollution and increased global warming effects. Besides everyone on an individual basis needing to practice sustainability, it is highly important for companies to utilize sustainability ethics. Companies big and small have immensely contributed to dwindling our natural resources and polluting our planet. Raw material suppliers, manufacturers, distributers and the companies they operate for all need held accountable for their part, and each link in the chain needs to develop and implement a sustainable ethics policy. Walmart has been a big contributor to this ethical dilemma. Walmart not only operates unethically regarding sustainability in their retail, warehouse and distribution locations; they also are responsible for the unethical actions of their suppliers. Walmart has received many different scolding from activists and has been boycotted for many different unethical actions and inactions. The company has decided to tackle the ethical dilemma of sustainability directly. Walmart is taking steps to develop a standing sustainability ethics policy throughout their entire...
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...MGMT314: Lecture 12 / chapter 9 Ethics and Corporate Social Responsibility ETHICS * Ethics concerns principles of right or wrong conduct * The moral principles and values that govern the behaviour of people, firms or Govt. regarding what is right and what is wrong * Being truthful * Demonstrating integrity of character * Not cheating customers * Not harming people and trading with decency BUSINESS ETHICS * Involves the application of general ethical principles to the actions and decisions of businesses and the conduct of their personnel * Are not materially different from ethical principles in general because business actions have to be judged in the context of society’s standards of right and wrong * Ethic behaviour in business requires adhering to generally accepted norms Why study ethics in business? * Ethical behaviour is simply the right thing to do. It is often prescribed within law and regulations * Ethical behaviour is demanded by customers, govt. and the news media. Unethical firms risk attracting unwanted attention * Ethical behaviour is good business, leading to enhanced corporate image and selling prospect. Firms with strong reputations have an advantage when hiring and motivating employees, partnering and dealing with foreign governments. * Related issues * Bribery (over US$1 trillion in bribes is paid around the world) * Kickbacks; illicit payment made to someone in return for facilitating...
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...CHAPTER 2 Business Ethics and Corporate Social Responsibility CHAPTER OBJECTIVES 1 Explain the purpose of paying for whistleblowers. 2 Define ethics and describe sources of ethical guidance. 3 Discuss attempts at legislating ethics. 4 Explain the importance of creating an ethical culture, describe a code of ethics, and support the importance of linking pay to ethical behavior. 5 Explain human resource ethics and describe ethics training. 6 Describe the concept of corporate social responsibility. 7 Explain why everyone is not on board with regard to corporate social responsibility. 8 Explain corporate sustainability. 9 Describe a social audit. 10 Describe possible difficulties for corporate social responsibility to succeed in the global environment. KEY TERMS Ethics: Discipline dealing with what is good and bad, or right and wrong, or with moral duty and obligation. Human resource ethics: Application of ethical principles to human resource relationships and activities. Profession: Vocation characterized by the existence of a common body of knowledge and a procedure for certifying members. Corporate social responsibility (CSR): Implied, enforced, or felt obligation of managers, acting in their official capacity, to serve or protect the interests of groups other than themselves. Social audit: Systematic assessment of a company’s...
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...A1. Good company citizenship goes beyond simply meeting the letter of the law. A socially responsible company should be aware of the effects its decision-making has on the community around it. This is illustrated in part “A” of the unanimously adopted policies of the Economic and Social Commission for Asia and the Pacific (ESCAP) Virtual Conference, the Regional Expert Group Meeting on Integrated Environmental Considerations into Economic Policy Making Processes, Bangkok, 20-24 July 1998. “The need and benefits of integrating environmental considerations into economic policy making processes: 1. Both economic development and protection of the environment are critical for sustainable development. The environment is not an isolated concern but cuts across all sectors. Also economic policies impact at multiple levels and across sectors. Therefore there is a strong need to merge/integrate environmental concerns into economic decision making processes in order to provide a more rational basis for decisions. 2. Such integration facilitates a holistic view on critical issues. It enables analysis of complementary and conflicting issues across a number of sectors, providing, in the process, for a better understanding by all parties. It can help prevent the cross-sectoral impacts of policies and programmes which are detrimental to the environment. 3. Integration enlarges the choices for policy makers by bringing into the matrix of decision making a wider mix of likely scenarios...
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...JJT2 Social Responsibility Company X Tax Services is a part time small home operated business with one employee who is the owner/operator. It provides tax preparation and filing to individuals, sole proprietorships, partnerships, and s-corporations. Company X Tax Services has been in business since 1996. There has never been a sustainability strategy save for 100% adherence to tax laws. (A1) Good company citizenship goes beyond simply meeting the letter of the law. A socially responsible company should be aware of the effects its decision-making has on the community around it. This is illustrated in part “A” of the unanimously adopted policies of the Economic and Social Commission for Asia and the Pacific (ESCAP) Virtual Conference, the Regional Expert Group Meeting on Integrated Environmental Considerations into Economic Policy Making Processes, Bangkok, 20-24 July 1998. A. “The need and benefits of integrating environmental considerations into economic policy making processes: 1. Both economic development and protection of the environment are critical for sustainable development. The environment is not an isolated concern but cuts across all sectors. Also economic policies impact at multiple levels and across sectors. Therefore there is a strong need to merge/integrate environmental concerns into economic decision making processes in order to provide a more rational basis for decisions. 2. Such integration facilitates a holistic view on critical issues. It enables...
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...partial fulfillment of: PROC 5000 Procurement and Acquisitions Management Topical Paper: Ethics, Social and Environmental Responsibility of Supply Management Karmin Jones Webster University Abstract Supply Management professionals application of ethics, social and environmental responsibility defines who they are in various ways. For a supply management professional to be competent for procurement, acquisitions, and logistics it is essential to be knowledgeable, persistent and always eager to gain more information to stay proficient and well informed. Logistics and those who work in the profession have to understand that their job can be complex and difficult if one does not apply the skill sets appropriately. Laws, regulations, and mandates set forth are set in place to assist and keep the supply management professional safe and away from harm. The task of being professional and competent and still being able to set the standards can be difficult but it can be done if one knows the foundation of a competent supply management professional. Ethics, social and environmental responsibility in any organization is very essential for their day to day operations. It is especially important however in the supply management field for these factors are implemented because it builds trust and shows that supply management and its counterparts that they have a care aspect about them. Ethics training has emerged more in recent decades because of the moral and ethical corruptness that...
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...BUSINESS ETHICS Student’s Name: Ce Wang Student’s ID: 1226656 Instructor’s Name: Peter Goalby Course Name: New Advances In Business University Of Bedfordshire Date Assignment is due: 20/03/2015 Abstract Business ethics looks at whether the company is heading in the right course by adhering to the various factors such as integrity, fairness and reliability. The ethics set up by the organization plays a vital role in the hiring process and the business management practices. Running an ethical organization is vital in financial matters and in creating the morale and loyalty of the personnel. Ethics are also relevant to the business as it ensures that there is ethical behavior among the workers in the organization. Ethics are also relevant to the business as it aids in creation of an ethical organizational culture. Most of the organizations when posed this question believe that it is the employees who are chiefly responsible for ensuring that their work meet the ethical considerations. However, the employees are not the only ones responsible for business ethics, the employees need support from the management or from the employer. This paper has a look at the ethical issues surrounding the steel manufacturing industry and the Healthcare industry. It also looks at the relevance that ethics have on business, sustainability and corporate responsibility. The paper also looks critically at the connection of business ethics to the organizational culture. Lastly, it...
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...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 was further modified in 2002 at the world summit on sustainable development held in Johannesburg to incorporate key development milestones that is; Social, economic and environment development. The inclusion of the three...
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...Engineering Project & management Report – 6 ETHICS, INTELLECTUAL PROPERTY, AND PATENT Team # 5 Report prepared by TABLE OF CONTENTS: 1: SCOPE 3 2: ETHICS ISSUES IN ENGINEERING DESIGN3 2.1 DESIGNING BRIDGE3 2.2 THE DESIGN PROBLEM4 3: LEGISLATION AND ETHICS CODES4 3.1 THE ETHICS CODES OF DESIGN A BRIDGE4 3.2 GENERAL EHTICS CODES OF DESIGN A BRIDGE5 3.3 SAFETY DURING CONSTRUCTION5 3.4 SAFETY IN USE6 3.5 SUSTAINABILITY 6 3.6 RESPONSIBILITY AND LIABILITY6 3.7 EXAMPLE OF BRIDGES ACCIDENTS IN USA7 4: INTELLECTUAL PROPERTY 7 4.1 COPYRIGHT……………………………………………………………………………………………...…..7 4.2 PATENTS………………………………………………………………………………...……………………8 4.3 TRADE SECRETS….………………………………………………………………...………………………8 4.4 TRADEMARKS……………………………………………………………………………………...………..9 5: REFERENCES…………………………………………………………………………………………………...10 ETHICS, INTELLECTUAL PROPERTY, AND PATENT 1: Scope: The ethic word is used to show the moral value of the things and here we will focus to the ethics issues in engineering design. There are many different types of an ethic problem in engineering design field; one of these problems is taken to be a good example of the ethics issues in this report. So, I want to describe the ethics issues in engineering design with the explanation of those issues. 2: Ethics issues in engineering design: In fact, the ethics issues are related to ethically related decisions. So,...
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...Social Responsibility Social Responsibility Lori Spain WGU April 23, 2013 Social Responsibility Company X, is my client that I will be developing a social responsibility strategy for. Sustainability and social responsibility issues for 21st century businesses will be addressed domestically and internationally. The focus will ensure that adequate business practices, environmental considerations and ethical decision making are all in compliance with government guidelines. Company X is a technology company that provides not only customers; but also communities with innovative products and services. These services are to empower innovative solutions to the everyday needs of life. Company X was founded in 1902, and they are fortunate enough to have earned one of the leading global market positions. Company X is one of 30 companies that make up the Dow Jones Industrial Average. Company X needs to actively contribute to sustainable development through environmental protection, social responsibility and economic progress. Medical and surgical supplies such as drapes, hot/cold packs, tape, dressings and biological indicators are only part of hundreds of products within this field that Company X manufactures. This company is a world leader in markets from highway safety to...
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...What are business ethics and sustainability? Introduction Steel is a unique and vital material. It touches almost every part of modern life. It is a key element of our infrastructure. From buses to buildings, from canned food to computers, almost everything we see around us is either made of steel or is made using steel. Steel is essential to modern society. TATA Steel Ltd. is the third largest steel producer in Europe and has its main steelmaking plants in the UK and Holland. It supplies steel and related services to major industries, such as construction, vehicle production and packaging. The European operations are a subsidiary of TATA Steel Ltd. ,one of the world’s top ten steel producers. The combined Group has around 50,000 employees. The challenges of sustainability A commitment to environmentally-sound practices is part of many businesses’ commitment to act responsibly. Social responsibility refers to an organisation’s obligations to maximise its long-term positive impacts and minimise its negative impacts on society. For TATA Steel Ltd., it is a core part of its vision to be ‘the global steel industry benchmark for value creation and corporate citizenship.’ TATA Steel Ltd. is committed to tackling the challenges of sustainability. This means that it takes its responsibility towards both the environment and its communities seriously, balancing these against the need to make a profit. It has put systems in place to meet international standards for environmental...
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...institutions which then resulted to a more exacting and stringent reportorial rules and corporate ethical behavior. TeaM Energy’s President and CEO, Mr. Federico E. Puno believes that it is important that all employees are aware of the standards of behavior required from all them. As Mr. Puno quoted, “It is our way of life, our moral fiber, our soul… Put it to heart and live it out.” The standards of behavior TeaM Energy has is referred to as the Code of Ethics and Business Conduct which outlines the behaviors expected from its employees and serves as a moral compass that help them to navigate through confusing ethical questions that they may face in the daily conduct of business. Ethical Behavior Sustains and Promotes the Interests and Well-being of a Business TeaM Energy’s Code of Ethics and Business Conduct represent the core beliefs that the company aspire for. It is also based on the mission, vision and core values that the company demonstrates. One of which is “Acting with Integrity’ which requires us to comply with laws, rules, regulations and contractual obligations. As the Company promotes good corporate governance, the employees are committed in maintaining a high level of transparency or openness for information-sharing in its relations with the Company’s shareholders and the society. Transparency is a non-negotiable imperative. It is the bare minimum our company chooses to comply with. Beyond the company’s reportorial...
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...Business Ethics and Corporate Responsibility Introduction Corporate Responsibility or Corporate Social Responsibility (CSR) has been a term coined in the previous century in order to define the social responsibilities of corporate heads and their corporations in securing the trust of its community by determining and fulfilling its roles towards the betterment of society. Simply following the rules set down by legislation would not do; corporate authorities and workers alike were demanded to be ethically inclined and considerate of how their actions affect society in general, both as residents and providers within their immediate communities. But both ethics and responsibility are vague terms, and prior to the 19th to 20th centuries, neither of them has been attached to business entities like corporations. Business ethics and corporate responsibilities, then, are much vaguer terms in that they entail more than simple and faithful provision of goods and services to people; some may even think that corporate giants and ethics do not exactly go together, or even share a superficial partnership. But these revolutionary concepts have played a major role in redefining corporations in the 21st century; these conceptual standards remain strong factors towards corporate determination of company action and assessment of overall company performance today. This paper will discuss business ethics and corporate responsibilities as sister terms, but also as discrete concepts, both of which...
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...Name University Course Tutor Date Business Ethics Business Ethics Ethics can be defined as moral guidelines which govern good behavior. Therefore, business ethics is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It is increasingly being applied in businesses to guide their operations. It captures different aspects norms and values that govern the behavior of a business. For instance, it has codes of practices that are increasingly becoming popular. These cover different areas such as corporate social responsibility, environmental policy and actions, rules for personal and corporate integrity, dealings with customers and the supply chain. Business ethics guide how businesses and people should behave in the world of business or commerce. Ethical Theories There are several ethical theories that explain how people and business entities should behave in the society so that their behavior may be considered to be morally good. Some of these theories are briefly explained below in relation to business behavior. Utilitarianism This theory holds that an act can be judged as morally good or bad, right or wrong when it produces amount of pleasure or lack of pain for the greatest number of people (Sadler 9). Business ethics operates under greatest happiness principle. This implies that businesses and their managers need to maximize positive outcomes for the largest number of people...
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