...Article On Business Ethics and Global Dimension of Business Business Ethics and Global Dimension of Business October 19, 2014 Ethical issues have been around for a long time and its association with globalization has been documented. The effects on the association with globalization are similar and closely related to that of international marketing. As a result, the increased globalization over the years has brought an increase in many problems associated with global trading including ethical ones. (WTO, 2011). As indicated by World Trade organization in 2011, there was significant expansion in world trade from 1950 to 2000. This increase was documented to be over twenty-fold with foreign direct investment and exports playing a significant role. This increase in world trade in the middle to late 20th century also saw small businesses increasing their investments in cross border trading. This resulted in an increase in the average yearly outflow of Foreign Direct Investment (FDI) from about $25 billion in 1975 to a record $1.3 trillion in 2000. (UN, 2001). This means that there were a great number of business people with different social and cultural backgrounds doing business in other areas of different geographical, political, legal, social and cultural environments. The challenges that confronted these business people working in these different environments with its associated social and cultural problems created a platform for indulgence in ethical problems and other issues...
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...Shades of Gray Abstract This paper discusses the business ethics in the organization through the examination of ethical practices conducted at Goldman Sachs Inc. The paper includes a list of all the actions executed by Goldman Sachs Inc which are defined in this paper as gray area practices. The paper also presents an ethical analysis of these gray area actions as well as all the parties that were affected by the Goldman Sachs practices. Business Ethics The problem to be investigated is business ethics through the examination of ethical practices conducted by Goldman Sachs Inc and ethical gray areas which are situations and problems that don’t fit neatly into any existing mode of ethical analysis within the business (Marshall, 2007). Business ethics are very important to inspire the employees and attract more wanting to work for the business. Business ethics are also important because if the business lacks good ethics, this can damage the business reputation and make it less appealing to stakeholders and that will lead to profit loss affect the whole business. Ethics of business has been discussed by Peter Drucker (Drucker, 1986, p. 254) which he said “The problem is one of moral values and moral education, of the individual, of the family, of the school. But there neither is a separate ethics of business, nor is one needed”. Drucker’s interpretation of business ethics is that personal ethics and business ethics cannot be separated and he gave an example of businessmen should...
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...January 14, 2012 Per manager of the quality assurance, the amount of lead in metal whistles was slightly above the limits of the U.S. legal standards. At the end of the week, a large shipment of the toy collection including those whistles is scheduled to schools in South America. It would cost $100k to reproduce and repackage those over leaded whistles. We should address this issue seriously and try to conduct a legal and ethical solution before customer’s complains. Otherwise, the company’s ethical reputation would be damaged and the sales revenue would be affected dramatically. After brainstorming and reverse brainstorming, with the consideration of different perspectives including product, planning, potential and people, I suggest the following three decision alternatives: 1) Since the lead is only slightly above the U.S. limits, we may continue the shipping without further notice to the public. Obviously, the advantage is that the shipment request will be fulfilled on time and the disadvantage is that the company may take the risk to lose the ethical reputation if it is released to the public. It would be no financial loss and no impact on the toy shipment. However, it could be tagged as unethical behavior if it is released to the public, which means it may affect the future sales revenue. In addition, it may cause some legal suits if there are any affected customers because of those toy whistles. 2) We recall the product immediately by reproducing and repackaging...
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...Business Ethics and Global Dimension of Business Ethical issues have been around for a long time and its association with globalization has been documented. The effects on the association with globalization are similar and closely related to that of international marketing. As a result, the increased globalization over the years has brought an increase in many problems associated with global trading including ethical ones. (WTO, 2011). As indicated by World Trade organization in 2011, there was significant expansion in world trade from 1950 to 2000. This increase was documented to be over twenty-fold with foreign direct investment and exports playing a significant role. This increase in world trade in the middle to late 20th century also saw small businesses increasing their investments in cross border trading. This resulted in an increase in the average yearly outflow of Foreign Direct Investment (FDI) from about $25 billion in 1975 to a record $1.3 trillion in 2000. (UN, 2001). This means that there were a great number of business people with different social and cultural backgrounds doing business in other areas of different geographical, political, legal, social and cultural environments. The challenges that confronted these business people working in these different environments with its associated social and cultural problems created a platform for indulgence in ethical problems and other issues. (Dagdelen, Elibol & Yucel, 2009). Cross border trade experienced a great...
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...Wal-Mart’s Organizational Ethics Leslie Conley ETH/316 October 1, 2015 Lawrence Pickett Wal-Mart’s Organizational Ethics Everyone in business is worried about doing what is right and not being seen as wrong. There has been a lot of attention focused on ethics and integrity in business these days. Every organization is driving and pushing for changes in these areas. Any thoughts of quick-fixes for ethical behavior in businesses can be scary, but good ethical behavior for any business is fundamental to its success. For entrepreneurs, ethical conduct is usually missed or ignored. Many business experts regard ethics as something to preach, but not acted on and, therefore, make it even more unethical. According to Suttle and Demand Media, Organizational ethics is the principals and standards by which businesses operate (n.d.). They are best demonstrated through acts of fairness, compassion, integrity, honor and responsibility. The key for business owners and executives is ensuring that all employees understand these ethics. One of the best ways to communicate organizational ethics is by training employees to company standards. With these thoughts in mind, we need to address organizational ethics with awareness and support for all involved within the organization. External social pressures influencing organizational ethics External social pressures have driven most companies in business to be aware of the expectations on them to act in a manner that is ethically correct. They have...
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...Course Schedule Course Schedule of Assignments Overview Session | Topic | Assignments | 1 | The Manager as a Systems Thinker | Discussion Activity 1 | 2 | The Manager as a Critical Thinker | Individual Paper 1 | 3 | Legal and Ethical Environment of Business: The Manager as an Ethical Decision Maker | Discussion Activity 2 | 3 | Team Work Plan | Team assignment | 4 | Organization Theory and Design | Discussion Activity 3 | 5 | Organization Theory and Design in the Global Environment | Team Project 1Individual Matching Exercise | 6 | Legal Environment: Courts, Alternative Dispute Resolution, and Agency | Discussion Activity 4 | 7 | Critical Thinking in the Legal Environment: Torts and Products Liability | Individual Paper 2 Discussion Activity 5 | 8 | Legal Environment: Contracts and Forms of Business Organizations | Discussion Activity 6 | 9 | Knowledge Integration | Take-home Final | 10 | Corporate Social Responsibility in a Global and Technological Environment | Team Project 2 | Assignment Details Session | Module/Topics Readings/Assignments | 1 | The Manager as a Systems ThinkerObjective 1: Apply models of critical thinking and systems thinking to address complex organizational issues.Objective 2: Reflect on seminar assignments and relate the skills and knowledge gained to personal and professional goalsCompetency : Systems Thinking | Read the following articles which you can find and download from the UMUC library...
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...------------------------------------------------- RE: Standards of Conduct and Ethics I. Purpose This Code of Business Conduct and Ethics helps ensure compliance with legal requirements and our standards of business conduct. All employees of Q Company are expected to read and understand this Code of Business Conduct and Ethics, uphold these standards in day to day activities, comply with all applicable policies and procedures, and ensure that all agents and contractors are aware of, understand and adhere to these standards. In any employment relationship, management and staff have expectations of each other and an effective and productive working relationship depends on the fulfillment of these expectations. Our Standards of Conduct and Ethics are driven by the Q Company which provides the fundamental direction on what type of organization we aspire to be and in guiding our behavior. Our Standards of Conduct and Ethics provide a framework for our behavior, the way we conduct business and the way we interact with each other. As a Q Company employee, you must conduct yourself in a diligent and professional manner, with due regard for the safety, security and integrity of the facility in which you work and well-being of everyone in the facility. It is neither possible, nor desirable to write prescriptive policies for every situation we may face at work. The standards are general in nature and are not intended to advise in detail the appropriate behavior for every...
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...Ulta Beauty Organizational Ethics Debra Anderson RES/316 August 10, 2015 Peter Fortuna Ulta Beauty Organizational Ethics INTRODUCTION Everyone in business is worried about doing what is right and not be seen as being in the wrong. There has been a lot of attention focused on ethics and integrity in business these days. Every organization is driving and pushing for changes in these areas. Any thoughts of quick-fixes for ethical behavior in businesses can be scary, but good ethical behavior for any business is fundamental for its success. For entrepreneurs, ethical conduct is usually missed or ignored. Many business experts regard ethics as something to be preached, but not acted on and therefore makes it even more unethical. According to Suttle and Demand Media, Organizational ethics is the principals and standards by which businesses operate. They are best demonstrated through acts of fairness, compassion, integrity, honor and responsibility. The key for business owners and executives is ensuring that all employees understand these ethics. One of the best ways to communicate organizational ethics is by training employees on company standards. With these thoughts in mind, we need to address organizational ethics with awareness and support for all involved within the organization. EXTERNAL SOCIAL PRESSURE External social pressures have driven most companies in business to be aware of the expectations on them to act in a manner that is ethically correct. They...
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...9.00 Far-L ? Andy Gimblett (3 Linux + 6 C) [with CS-244] Wed. 11.00 Glyn-A ? Roger Stein (start on 5 November) TB2 Lectures Linux /C 9 Introduction 1 Ethics 1 Legal Issues 1 Project Management 2 (Group Project 2) Software Engineering 4 1.4 (Intro.) Books B. Ayres, The Essence of Professional Issues in Computing, Prentice-Hall, 1999 S Baase, A Gift of Fire, 2nd ed., Prentice-Hall, 2003 B. Hughes and M. Cotterell, Software Project Management, 3rd ed., McGraw-Hill, 2002 R. Pressman, Software Engineering: A Practitioner’s Approach, 5th ed., McGraw-Hill, 2000 I. Summerville, Software Engineering, 6th ed., Addison-Wesley, 2001 1.5 (Intro.) Why Software Engineering? “Engineering … to define rudely but not inaptly, is the art of doing that well with one dollar, which any bungler can do with two after a fashion” - Arthur Mellen Wellington, The Economic Theory of Railway Location, 1911 1.6 (Intro.) Software Engineering: the application of a systematic, disciplined, quantifiable approach to the development, operation, and maintenance of software. 1.7 (Intro.) Typical Problems Late Delivery Most software projects deliver late Solving the wrong problem It doesn’t work Unmaintainable...
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...Law, Ethics, and Corporate Governance – LEG 500 | 201003 | Prerequisite: None | Quarter | Winter 2010 | Meeting Days/Time | Online course | Instructor | Dr. C. Phil Campos, MBA, JD | Instructor Phone | 214-202-8044 | Instructor E-mail | canuto.campos@strayer.edu | Instructor Office Hours/Location | 6pm – 7pm EST | Academic Office Phone NumberStrayer Online Technical SupportEcollege HelpDesk | 1-877-540-1733“As a student, you should choose 1 then 3 for academic issues from the automated menu.”1-877-642-2999“Used for problems entering the class”1-866-448-6703 or 1-303-873-0005“Used for problems once in the class” | INSTRUCTIONAL MATERIAL | Kubasek, N. K., Brennan, B. A., & Browne, N. (2009). The legal environment of business: A critical thinking approach (5th ed.). Upper Saddle River, NJ: Pearson-Prentice Hall.Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2010). Business ethics: Ethical decision making and cases (7th ed.). Boston: Houghton Mifflin Company/South-Western/Cengage Learning.PLEASE READ SYLLABUS PART II in the Course Home tab, it contains important University policies.GETTING TECHNICAL HELPTechnical questions regarding eCollege or classroom issues should be referred to helpdesk@strayeronline.net. Or you may phone the helpdesk at 1(866)448-6703.If the question regards a Strayer system, technical support can be reached at 1(877) 642-2999. Any technical inquiries sent to the instructor will, as a matter of course, be forwarded to the Helpdesk...
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...document is to discuss the recent discovery of trace amounts of lead in the whistles to be included in the Elementary Toy Collection (ETC). It details the situation, list three alternative solutions for your consideration, and gives a recommendation to the preferred alternative. Further the idea of a Code of Ethics will be presented with the benefits laid out as well as a case study of one of our competitors and their success with a code of ethics. The ultimate purpose of this document is to find an ethical solution to the current whistle problem, and create a plan to avoid such issues in the future. Situation: During production random testing is preformed to verify compliance with U.S. standards. The (ETC), with an intended audience of young grade school kids, contains a small metallic whistle. This whistle is manufactured here in our Salt Lake manufacturing facility. Post production testing showed trace amounts of lead which is just outside of U.S. allowed amounts for children 7 and younger. The whistles have already been packed in the ETC; the first large shipment is scheduled to be sent out at the end of the week to schools in South America. The lead problem has been identified in the manufacturing process and has been corrected; new whistles being produced are within acceptable limits of lead. The cost estimate to replace the whistles in the ETC units with defective whistles is roughly $100,000. A decision will have to be reached quickly in order to get the first...
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...Boeing Management Planning Paper Marcia Davis MGT/330 January 12, 2011 Sylvester Taylor Boeing Management Planning Paper Boeing like many successful companies today does not stand still or rest on their laurels of previous accomplishments. If they do they can become vulnerable to competition, technology, changes in customer preferences, and the business environment. Instead, they use their current successes to continue to build a competitive advantage for the future, constantly seeking new ways to remain flexible, innovative, efficient, and responsive to their customers. One of the most important ways of accomplishing this is to make sure that their organization structures and systems remain adaptable. A business must always be prepared to meet the complex and ever-changing challenges that managers and their organizations constantly confront. Boeing like many other companies has to use innovations in design and manufacturing as well as a focus on quality and other vital factors in the development of airplanes. Not long ago Boeing was in turmoil in the aftermath of the 9/11 terrorists attacks. (Bateman & Snell 2009) Boeing suffered turnover in their executive ranks that caused uncertainty coupled with their chief rival European-based Airbus surpassing them in annual sales, Boeing decided it was time to make some changes. The Boeing Company business has many members including employees, managers, chief executive officer James McNerney, and the board...
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...Chapter 2 Business Ethics and Social Responsibility Chapter Outline Introduction Business Ethics and Social Responsibility The Role of Ethics in Business Recognizing Ethical Issues in Business Improving Ethical Behaviour in Business The Nature of Social Responsibility Social Responsibility Issues Objectives After reading this chapter, you will be able to: • Define business ethics and examine its importance. • Detect some of the ethical issues that may arise in business. • Specify how businesses can promote ethical behaviour. • Define social responsibility and explain its relevance to business. • Debate an organization’s social responsibilities to owners, employees, consumers, the environment, and the community. • Evaluate the ethics of a business’s decision. Enter the World of Business The Leopard Did Change His Spots—They Grew The son of a wealthy brewery executive, Conrad Moffat Black was born August 25, 1944, in Montreal. After leaving home at age 18, he earned a history degree at Carleton University, a law degree at Laval, and an MA from McGill. An avid student of history, he has written several books (including an autobiography) about political figures such as Maurice Duplessis, Napoleon, and most recently, Franklin Roosevelt. Mr. Black purchased his first newspaper, the Sherbrooke Record, when he was 25 years old. Two years later, he added about 20 Canadian newspapers to his belt with the acquisition of the Sterling Company chain. Five years later, at age 33...
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..........................................................................................6 ACKNOWLEDGEMENT.............................................................................................7 QUESTION…………………………………………………………………………………8 CHAPTER 1: INTRODUCTION...............................................................…..............10 1.1 Introduction………..……………………………...……..….................................10 CHAPTER 2: BUSINESS AND ENVIRONMENTAL ETHICS..……………….….…12 2.1 Definition of Business………………….. .........................................................12 2.2 Definition of Business Ethics………….. .........................................................13 2.3 Definition of Environmental Ethics..….. .........................................................15 2.4 Conflict between Business and Environmental Ethics………………………..15 2.5 The Relationship between Business and Environmental Ethics…………….24 2.6 Benefits of Ethics for Business………………………………………………….25 2.7 Problems of Business Ethics……………………………………………………25 CHAPTER 3: SUPER CHEM COMPANY…............................................................27 3.1 Introduction to Super Chem……………………………...................................27 3.2 Product Ranges………………………………………………………………….27 3.3 Process Development Services……………………………………………......28 3.4 The Issues………………………………………………………………………..29 3.5 Possible Solution………………………………………………………………...29 3.6 The Pollution Cause by Super Chem………………………………………….30 3...
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...Is money laundering a real problem in the world today? Ashford University By: A’ Lexis Gailes BUS670: Legal Environment Professor Robert Tocker May 25, 2014 Abstract Money laundering the process whereby the proceeds of crime are transformed into apparently legitimate money or other assets has been recognized as a criminal activity which causes serious social and economic damages. The traditional method of money laundering is through financial institutions. However, with the development of new science and technology the approaches of money laundering have become more and more diverse. This paper is discussing the legal and ethical issues which surround this topic, as well as, develop an analysis for the ethical concerns raised by the laundering of money. The writer will then provide explanations from at least three relevant areas of law that have been discussed throughout the course and assess each area as it applies to money laundering. Finally, the write will provide recommendations on this situation to reduce liability exposure and improve the ethical climate or the overall ethics of money laundering. Is money laundering a real problem in the world today? I. Introductions There are many ethical issues that can arise in the course of operating a small business. A comprehensive understanding of the different types of ethical issues will help you to identify and handle this situation’s responsibility to maintain core business values. Let’s look at this scenario...
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