future of the company and in the following part‚ we will indicate more on the ethical and unethical issues with the example of Sanlu Group. 1.2 Ethical and unethical issues Business ethics is defined as the study of moral and social responsibility in relation to business practices and decision-making in business. In other word‚ ethics is conforming to the standards of behavior that widely accepted by the social. Ethical behavior can base on three areas in making managerial decision. First‚ choose
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These long-tem contracts lifted the risk for both buyers and sellers thus; Enron became the leading company in the profitable energy trading business. For further expansion and growth‚ this idea was applied to their trading businesses of commodity markets including electricity‚ coal and paper pulp. The financial wizard Andrew Fastow‚ who helped the trading business‚ had helped to persuade the U.S. Securities of Exchange Commission to allow them to use the “mark to market” method in which the value of
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When conducting a business proposition whether locally or in another country ethics will always have an impact on the decision to be made‚ ethics makes up the majority of how individuals feel about whether or not they are willing to accept or reject the decisions to do business. As we discuss the ethical perspectives or business ethics of a foreign country it will show how and what is the difference. The two countries that will be discussed in this paper is China and Mexico as we look at the different
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spring coffee The idea of business and evolution of capitalism has shown that there is a much greater purpose than solely making profits through B-Corporations. According to Michael R. Deskins‚ “A B Corp is one in which corporations can create benefit for both society at large and corporate stakeholders” (Deskins‚ 1) B Lab founder‚ Jay Cohen‚ and co-founder‚ Andrew Kassoy‚ both cover a very similar presentation discussing what B Corporations are for the future of business‚ thus differentiating their
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Business Ethics Doug Donofrio FIN/486 May 27‚ 2013 Mary Corcutt Eron and WorldCom are both companies that collapsed due to ethical violations. The major factors that lead to the dissolution of Enron Corporations and WorldCom will be indentified. The specific ethical violations in accounting practices at these two companies will be explained and the role of business ethics in strategic financial planning will be described. “Business Ethics are the standards of conduct or moral judgment that
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Discuss two ethical challenges faced by the construction industry. In your discussion state why they are ethical challenges? Unethical challenges present in every industry and root of a project‚ which leads to unsuccessful of a project and delays in a projects completion. It is more common in the construction business to contract a part or entire project through a contracting company. There are several ethical challenges that can arise from the contracting a project through a third party contractor
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What are Business Ethics? Developing an Ethical Business Culture Ethical Issues in Small Business Ethics are a set of moral standards that are relied upon to reach conclusions and make decisions. In a business environment‚ ethics are a key factor in responsible decision making. Maintaining a high ethical standpoint when operating your business can provide benefits to both the internal and external stakeholders of your business. Your personal set of ethics are developed as you grow up and are
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Ethics and International Business: Finding the Lesser Evil At the beginning of this course it was made apparent that the class was not meant to be a monologue by the instructor but a discussion. From the numerous discussions held in class‚ I have come to the belief that ethics in international business was the most significant topic discussed in this course. Ethics in international business and the outsourcing of labor is a prevalent issue that affects not only the United States and our nation’s
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The Effects of Living in a Foreign Country As a result of globalization‚ it is no longer a unaffordable choice for many people to live in a foreign country. They go abroad to venture beyond the borders of those countries in search of different things. Some have an interest in expanding perspectives and other want to learning about different cultures. However‚ the effects of living in a foreign country are somewhat similar: homesick‚ cultural shock and independence. From the emotional
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(the conservation of matter/energy)‚ we recognize that neither matter nor energy can truly be "created‚" it can only be transferred from one form to another. | Question 3 | | 0.5 / 0.5 points | Identify the responsibility which holds that a business should be responsible for incorporating the end results of its products back into the productive cycle. Question options: | Backcasting | | Cradle-to-cradle | | Take-make-waste | | Cradle-to-grave | Hide Feedback | | |
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