com/research_registers The current issue and full text archive of this journal is available at http://www.emerald-library.com/ft How important are ethics and social responsibility? A multinational study of marketing professionals Anusorn Singhapakdi and Kiran Karande College of Business and Public Administration‚ Old Dominion University‚ Virginia‚ USA How important are ethics? 133 Received September 1998 Revised March 1999 June 1999 September 1999 College of Administrative Sciences‚ Kuwait
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Business ethics are moral principles that guide the way a business behaves. The same principles that determine an individual”s actions also apply to business. Acting in an ethical way involves distinguishing between “right” and “wrong” and then making the “right” choice. It is relatively easy to identify unethical business practices. For example‚ companies should not use child labour. They should not unlawfully use copyrighted materials and processes. They should not engage in bribery. However‚
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many aspects related to diversity‚ such as: culture‚ religion‚ and gender‚ just to name a few. It is important to remember that different people have different values and morals. Treating each person as an individual may be a difficult task for some managers. For managers who hire‚ hiring people with different backgrounds can enhance the team’s performance by introducing different perspectives and ideas. The planning process includes identifying how to integrate these ‘different’ people into the
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APPLE INC. & ETHICS Management/521 October 29‚ 2012 Professor William Beattie Scenario “Insider trading is the buying or selling of a security by someone who has access to material‚ nonpublic information about the security” (Investopedia‚ 2012). A deal has been made by all major cell phone companies with Apple to provide the IPhone 6. The development of this deal will significantly increase Apple’s market shares and stocks as a cell phone provider. In return‚ the announcement
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LAW AND ETHICS INTRODUCTION Generally the term law means a body of regulations to guide human conduct. The Oxford Dictionary defines law as a body of enacted or customary rules recognized by a community as binding. Laws governing the external action of man may be either social or political. Social laws are based on customs and are enforced by parental and religious authority or by the pressure of public opinion. Political laws are enacted and enforced by the state. They are virtually commands‚
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based on your analysis. 3 Given a business dilemma with ethical implications‚ fully analyze all facets of the situation‚ reconcile the divergent perspectives‚ and prepare a report of your recommendations for action. 4 Given the challenges of operating in a diverse global environment‚ describe some necessary capabilities for achieving and sustaining a distinctive competitive advantage. 5 Given an example of a strategic business plan‚ evaluate how well the company’s short and long term goals support its
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were found to be fudging the numbers causing thousands and thousands of employees to lose everything when the company went under. The article chosen for this paper is about the importance of educating students on ethics in accounting. It was written by Susan Schott Karr in 2004‚ who frequently writes about business education as a freelance writer out of Chatham N.J. She writes about how accounting scandals in the past have caused more in depth training for employees as well as students studying
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weeks to twelve years‚ for Peas and Potatoes Child Care Center it is essential for all employees to keep a highly ethical workplace. The owners‚ employees‚ and patrons of the childcare center would benefit most from presenting every employee with ethics policies and codes necessary to keep unethical practices at bay; this information is obtainable through the “Code of Ethical Conduct and Statement of Commitment” set forth by the National Association for the Education of Young Children (NAEYC‚ 2011)
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answer concerning business ethics in education. 1. To what extent can business education cause or prevent ethical infractions in business? Give arguments for and against. 2. Given the importance of situational factors in shaping ethical decision-making‚ what are the limitations posed by business ethics courses that focus on individual students? How would you design a course to focus primarily on situational issues? 3. What are the main factors encouraging business ethics education‚ and what are
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Ethics in Action 2.1 Satyam fraud – responsibility issues in India Improvement of corporate social responsibility and ethics Based on the analysis of the ethical strengths and weaknesses of Satyam‚ we have identified several aspects to improve the corporate social responsibility and ethics of the company. As described in the case‚ Satyam has a very narrow definition of Corporate Social Responsibility (CSR) that only focuses on charity. Thus‚ they exclude key issues such as transparency
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