Resolving Ethical Business Challenges As a new employee at Acme Corporation‚ Frank Garcia knew few mistakes were allowed. He had sold medical supplies to Thermocare. Thermocare was a company Acme had been trying to do business with for a while. Otis Hillman‚ buyer for Thermocare‚ was happy with the products supplied by Acme. When Frank wanted to sell additional items to the company‚ Otis would question whether Acme was the right company for supplying products and would outright hint that he wanted
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Resolving Ethical Business Challenges Page 122-123 1. Identify the ethical and legal issues of which Albert needs to be aware. a. Barry putting Albert or Mary’s trade before the client order‚ this is called spinning and is considered unethical. And you have Barry demanding insider information on several companies b. Hostile Takeover‚ the union would do everything in its power to oust the old management‚ and welcome the new management. c. Albert’s uncle giving him inside information on a number
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“Resolving Ethical Business Challenges” SUMMARY: Peter had been a human resource (HR) manager for 18 years and vice president for 2 more years for Zyedego Corporation‚ a small company in New Orleans. In the last decade‚ there have been many changes to what potential/actual employees can be asked and what constitutes fair and equitable treatment. Frankly‚ the situation Peter was in was partly his own fault. The first issue began when Gwyn‚ one of Peter’s HR managers‚ was planning on rehiring
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1. What are the potential ethical issues faced by ACME Corp? Frank from ACME corp. is leveraging his personal relationship and offering bribes and kickbacks to Otis of Thermocare to increase purchase contracts. This could potentially be a large problem if Thermocare becomes aware of such practices. The purchase of product should be warranted w/ quality of products and price structures‚ not because it gets you tickets to baseball games and Cancun. If ACME is competitive‚ there is nothing
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Resolving Ethical Dilemmas Calvin L Harris Jr. ETH 316 15 November 2012 Marlon Spencer Resolving Ethical Dilemmas Ethical issues are inevitable because we live in a world of diversity. Diversity brings many beliefs‚ attitudes and personalities. As a result‚ ethical issues are common. They come in many shapes‚ sizes‚ and favors. Even though ethical issues cannot be prevented‚ ethical issues can be resolved because sound decisions can by considering ethical lenses to address and
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Ethics Chapter 1 An Ethical Dilemma – Questions/Exercises 1. What is/are John’s ethical issues? I do not know the exact definition of ethical but I believe it to be related to our behavior and the decisions we make and if they are considered right or wrong by society. I am sure there are times when a situation may be perfectly legal but we may not think it is okay. Keeping this in mind‚ John’s ethical issues include thoroughly researching IPOs and using this information to his advantage
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Chapter 9 : Managing and controlling ethics programs Chapter Outline Using a business ethics program as a part of strategic planning and management activities is critical to any firm * To be successful‚ must put controls and systems in place to make sure they are being used effectively * Such as input‚ output and process controls * Input – providing necessary tools and resources to the company * Also good employees and effective training and systems * Process
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chapter 1 BUSINESS ETHICS‚ THE CHANGING ENVIRONMENT‚ AND STAKEHOLDER MANAGEMENT |TOPICS COVERED | 1.1 Business Ethics and the Changing Environment 1.2 WHAT IS BUSINESS ETHICS? WHY DOES IT MATTER? 1.3 LEVELS OF BUSINESS ETHICS 1.4 FIVE MYTHS ABOUT BUSINESS ETHICS 1.5 WHY USE ETHICAL REASONING IN BUSINESS? 1.6 CAN BUSINESS ETHICS BE TAUGHT AND TRAINED
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Department of Business Administration Business Ethics MGT 3020 Dr. Naail Mohammed Kamil Ethical Challenges in Business Organization: A Study of Maybank Investment Bank Group Members: Atiqah Bt Dalik 1223400 Aida Abidah Bt Anuar 1220954 Alya Maisarah Bt Zainal 1228000 Nor Amira Suhada Bt Othman 1224892 Ethical Challenges in Business Organization: A Study of Maybank Investment Bank Atiqah Bt Dalik(1)‚ Aida Abidah Bt Anuar(2)‚ Alya Maisara Bt Zainal(3)‚ Nor Amira Suhada Bt Othman(4) Business Ethics
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decision by Moral Philosophies which refers to the specific principals or rules that people use to decide what is right or wrong (Ferrell‚ Fraedrich‚ Ferrell‚ Ninth Edition Business Ethics‚ p 153). The advantage to this decision is she did what she felt was morally acceptable‚ the disadvantage is she does not have their business and she has no reason to believe they would not pay the loan back and she would have made money for the bank if she accepted and approved the loan application. Although she
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