to do. We all know that it is wrong however many people still do. There are three main reasons why people participate in unethical behavior. The first reason is because of an overzealous pursuit of personal gain‚ wealth‚ and selfish interests. An example of this would be the use of a ponzi scam. The ponzi scam was is a scheme that was named after a man named Charles Ponzi. The idea of a ponzi scam is that it pays returns to investors from their own money or money paid by subsequent investors rather
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There are many reasons to have ethical practices in a business; your employees would essentially do whatever that wanted‚ without any regard for punishment. This is why most companies have policies and procedures that are in place to keep employees focused and accountable. First‚ sexual harassment/harassment in the work-place‚ rules have been set in place to keep this from happening‚ and to be able to hold the harasser accountable for their actions. Secondly‚ code of conduct‚ the way you dress may
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Why is advertising an ethical problem? If it is‚ it is because it is often intrusive‚ deceptive‚ or manipulative -- or‚ at least‚ this is what people say about it. Another problem is the money and resources devoted to advertising; billions are spent each year (around $500 billion in fact) that‚ perhaps‚ could go to education‚ health care‚ research‚ reforestation‚ or other worthy causes. We’ll come back to this‚ but first we look at the problem of deception. Could argue that it distorts
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Consider what reasons and rationalizations Maureen is likely to encounter if she decides to bring the problem to light. Maureen as a cautious manager‚ feels the responsibility to speak about the “value conflict” issue. Being in the middle of the organizational structure‚ she has to implement her voice to the senior management and to her colleagues. Raising the issue to the senior management‚ considering the high cut cost‚ she may face rationalizations for continuing the unethical process
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Heading off to college as a freshman education student is a very exciting and scary time for many people. Even with your best intentions and hopes at work‚ you may encounter some problems in this new situation. As you get acclimated to the daily grind of college life and an education program‚ you will often learn to deal with or solve these issues. Sponsored Link Stress Risk Assessment Corporate Stress Risk Assessments Helps Increase Staff Performance www.stressmanagementsociety.com Emotional
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A Business Ethical Duty: Social Responsibility Joe McClendon Western Governors University A community business has a social responsibility to its local community‚ its employees have an ethical duty their employer‚ and management has business responsibility to act in the best interest of stakeholders. Company Q is a small local grocery store chain located in a major metropolitan area. The company is struggling internally with ethical integrity and social responsibility. Company Q’s ethical
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Ethical Issues The issue of ethical behavior is one of the top challenges facing organizations today. A good definition of ethics includes the thought of doing what is morally acceptable or what is “good” and “right” as opposed to doing what is “bad” or “wrong” (Sims‚ 1992). But why are these issues a concern for organizations? What can they do to promote ethical behavior from their employees? Organizations should be concerned with ethical behavior for many reasons. Even though ethical decisions
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Ethical Situations in Business Competency 310.2.1: Ethical Issues in Business Business Management / October 2012 Abstract This essay examines the ethical and socially responsible courses of action in a given business situation. Company Q is a small local grocery store chain located in a major metropolitan area. They have recently closed a couple of stores in higher-crime-rate areas of the city‚ reportedly because these two stores were consistently losing money. After years of requests from
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Discuss and illustrate the classifications of ethical issues discussed in the text. According to the textbook‚ Business Ethics: Ethical Decision Making and Cases‚ an ethical issue is “a problem‚ situation‚ or opportunity that requires an individual‚ group‚ or organization to choose among several actions that must be evaluated as right or wrong‚ ethical or unethical” (Ferrell 65). There are fifteen basic classifications of ethical issues in business that can be broken down into three categories
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Individuals who are engaged in international business transactions have reported a cultural component to ethics. You are working on opening a branch of a food distribution operation in a foreign country‚ and a local official suggests that a little cash would help your company get started. Research international business and ethical standards‚ and answer the following questions: Q 1. In what ways can culture affect ethical standards and shape business behavior? A. In a way that some countries ethics
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