[pic] SUBJECT : Business Ethic SUBJECT CODE : UGB210 MODUL LEADER : Mark Winter MODUL TUTOR : Adeline STUDENT NAME : STEVEN CHANG SERN YEH STUDENT ID : Executive Summary This is an ethical audit report‚ the author will discuss about the ‘snapshot’ of British Petroleum’s business ethics. The report will identify the main ethical dilemmas faced by BP such as manipulating price‚ polluting the environment and violating human rights and employee safety. These ethical dilemmas will
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What is Business Ethics? Business ethics is exactly the same as normal ethics‚ and that knows what is right or wrong‚ and learning what is right and what is wrong in a business environment. Then doing the right thing‚ but "the right thing" is not as straightforward as explained in many business ethics books. Most ethical dilemmas in the workplace are not simply a matter of "Should she steal from him?" or "Should he lie to his boss?" Businesses cannot function without ethics‚ why? Society dictates
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As we are living in a huge world‚ we have to maintain good relations with others and try always to maintain this relation in different situations. Because of that‚ we have to learn the steps that can make our relations strong and maintain for a long time; also we should learn how to avoid making different problems with others. What are those steps? How to avoid problems? All of those will be found here. There are a lot of steps we can do to maintain our relations; but actually‚ we can shorten all
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company according to the Fortune 500‚ is a good example of how greed and the desire for success can transform into unethical behavior. Good ethics in business would be to compete fairly and honestly‚ to communicate truthfully and to not cause harm to others. These are things that Enron did not seem to display‚ which led to Enron’s operations file for bankruptcy in 2001. Enron’s scandal has become one of the most talked about forms of unethical business behaviors. The company’s collapse resulted
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How could leaders and subordinates influences the ethical culture of corporation According to Ethics Resource Center (2010)‚ the important influence of people’s behaviors in the organization is based on the circumstance of working environment they are in‚ also the standards set by the employers and employees. If people having good behaviors are put in the negative behaviors that does not value values or even are pressure them to do something without any giving alternative to make decision‚ it
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Determine the impact of this event on ARC’s “benefits of business ethics” (employee commitment‚ investor loyalty‚ customer satisfaction‚ and bottom line). A survey conducted by NBES indicated that 79 percent of employees agree that ethics is important in continuing to work for their employer while approximately 20 percent of employees are not concerned about the ethical environment of the organization. According to Ferrell & Faedrich (2010)‚ a commitment by the organization to goodwill and
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An Analysis of Employee Rights vs. Employer Rights BSAD 319 – Professional Ethics 4/29/2012 When comparing the granted rights of employees versus employers‚ it does not truly seem that either party has the advantage. These factors can often vary depending on state laws and regulations‚ and it appears when consulting these laws‚ that there are many loopholes due to the gray areas that accompany behavioral legal situations. There are many occurrences of foul play‚ stereotyping and opinionated
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who informed her of the need for maintaining strict confidentiality regarding employee salaries and pay scales. He also informed her that he fired the previous payroll department head for breaking that confidentiality by discussing employees’ salaries. Jane was introduced to Brad‚ the owner‚ who told her to see him if she has any questions or problems. They both made her feel welcomed to the company (Helms‚ 1992). In this case study‚ there are many stakeholders within R&S Electronic Service Company
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Portfolio Project: The Legal Environment of Business “What specific changes‚ if any‚ would you recommend to a policy maker to increase the effectiveness of corporate governance in this post-Enron era? Due to corporate scandals‚ most notable the Enron scandal there appears to be a decline in the confidence of leadership in the American business. The first round of scandals saw Congress pass the Sarbanes-Oxley Act which “requires companies to set up confidential systems so that employees and others
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Running Head: BUSINESS ETHICS Business Ethics Corporate Social Responsibility [Name of the Writer] [Name of the Institute] Business Ethics Corporate Social Responsibility Part A Corporate Social Responsibility (CSR) The Corporate Social Responsibility (CSR) has acquired extensive interest throughout the previous decades‚ even though‚ it is not an innovative concept‚ and it certainly dates back to the early years of 1930‚ as stated by Eric Orts‚ University
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