both approaches will be compared‚ highlighting the moral approach to Corporate social responsibility. Ethics Theories and Corporate Social Responsibility So many practices and actions can fall under Corporate social responsibility‚ but they all can be categorized into two – “the musts” and “the electives”. A business must be honest and truthful in regards to disclosing information to public‚ it must be unbiased and just in relations to its employees‚ it must be responsible in regards to preserving
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Potential sources of bias in heuristics Misplaced loyalty Obedience to authority and susceptibility to peer pressure. The desire to fit into an organization‚ to be a team player‚ to get along with co-employees‚ people are more likely to undertake unethical actions in the workplace and elsewhere if peers are engaging in similar behaviour. Overoptimism and overconfidence People tend to rate themselves as well above average in most traits‚ including honesty. Businesspeople tend to believe that
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Institutionalizing Ethics Business ethics are increasingly addressed in seminars and at conferences. Managers‚ especially top managers do have a responsibility to create an organizational environment that fosters ethical decision making by institutionalizing ethics. This means applying and integrating ethical concepts with daily actions. This can be accomplished in three ways: * by establishing an appropriate company policy or a code of ethics‚ * by using a formally appointed ethics committee‚
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Police Accountability Imagine yourself walking down the street in the evening‚ to go to the store. After you collect your items you then leave. On your walk home‚ you see an officer speed up‚ pull over and get out of the car. They have a weapon of their choice pointed at you. They demand you put your hands up and get on the ground. Confused and scared‚ you do as they say. They grab your things and throw them at a distance and pat you down. Still confused‚ you say nothing. Suddenly‚ someone on the
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Reason why people give up on ethics Self-interest sometimes morphs into greed and selfishness‚ which is unchecked self-interest at the expense of someone else. This greed becomes a kind of accumulation fever. “If you accumulate for the sake of accumulation‚ accumulation becomes the end‚ and if accumulation is the end‚ there’s no place to stop‚” he said. The focus shifts from the long-term to the short-term‚ with a big emphasis on profit maximization. For example‚ swaps (where two communication
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Forms of financial support for enterprise Entrepreneurial finance is an important issue in business. This article is devoted to the issue of financing of business. There are many forms and methods of financing the enterprise: for this purpose may be used the issue of shares‚ loans‚ leases financing‚ mortgages‚ etc. Each of the used form of financing has certain advantages and disadvantages. Therefore‚ in any investment project should be a thorough assessment of the effects of using different
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China’s Private Enterprises in Africa and the Implications for African Development Dr Jing GU Institute of Development Studies Email: j.gu@ids.ac.uk European Journal of Development Research Special Issue‚ Vol. 24‚ No. 1‚ 2009 (Forthcoming) 1 China’s Private Enterprises in Africa and the Implications for African Development This paper evaluates the growing presence of China’s private business sector in Africa. Currently‚ attention focuses on China’s state-owned enterprises in extractive
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Ethical Violations of Wal-Mart Presented by: Motivated for Success Team Members: Timothy Bechem‚ Cawanna Boyce‚ Shakeida Caldwell‚ Celeste Clark‚ Craig Franklin and JayShiri Warner Company Overview Backtracking to its humble beginnings‚ Wal-Mart was founded by Sam Walton who opened his first store in Rogers‚ Arkansas at the age of 44 (1962). By 1967‚ the family owned 24 stores and brought in $12.7 million in sales. Wal-Mart became a household name in the year of 1969 when the company was officially
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THE UNIVERSITY OF THE WEST INDIES OPEN CAMPUS MGMT3062 - Compensation Management - Semester 2 Student Name: Edditon Edmonson Student Number: 308004287 Coursework Assignment CHOKA Enterprise Rewards System PROPOSAL: OBJECTIVE An effective reward system is organized to stimulate‚ inspire and motivate individuals to enhance their overall job performance. Our system is design to appeal and retain staff of the right quality with an understanding of the financial status of the organization
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Nescafe‚ one of the top ten most valuable brands in the world‚ has over 50% instant coffee market share of the world‚ followed by General Food‚ Maxwell House and Brooke Bond. It’s so successful that some people in some of the Asian country such as China think that instant coffee is the whole world of coffee in 1990s. Such impressive influences come from Nescafe’s insight on the market situation and its own capability‚ fast response and feasible strategies. On this analysis‚ we will try to define
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