Samantha Lawson Business Ethics Terms Summary Paper 27 February 2012 1.) Stakeholders are defined as customers‚ investors and shareholders‚ employees‚ suppliers‚ government agencies‚ communities‚ and many others who have stake or claim in some aspect of a company’s products‚ markets‚ operations‚ industry‚ and outcomes. They are influenced by business‚ yet they also influence businesses. The relationship between stakeholders and businesses is very similar to the relationship a husband and wife
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The Case of Avco Environmental Services Participant: Mohanrasu G Batch : PGXPM 10 Questions: What should Chantale do? What are the reasonable limits on loyalty to one’s employer? Would it make difference if Chantale had a position of greater authority? Would it make a difference if Chantale had scientific expertise? Chantale Leroux had reported to her immediate supervisor as soon as she got to know that the medical wastes are getting disposed of in municipal landfill. Immediate
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6433ch10.qxd_lb 10/19/06 10:43 AM Page 260 CHAPTER OBJECTIVES ◆ CHAPTER 10 Business Ethics in a Global Economy CHAPTER OUTLINE Ethical Perceptions and International Business Culture as a Factor in Business Adapting Ethical Systems to a Global Framework Global Values The Multinational Corporation Sexual and Racial Discrimination Human Rights Price Discrimination Bribery Harmful Products Pollution and the Natural Environment Telecommunications Issues Intellectual-Property Protection World
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BUSINESS ETHICS & CORPORATE GOVERNANCE BUSINESS ETHICS Distinguishing: • Ethics • Ethics in Business • Business Ethics • Governance • Corporate Governance • Good Corporate Governance In brief: • Ethics: code of conduct for personal behaviour. • Ethics in Business: Applying personal ethics into business. • Business Ethics: Ethics of business‚ what is good & bad‚ right or wrong for business. • Governance: Methods and practices
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Ethical Audit Report---for Toyota WHAT IS ETHICS? Ethics is a standard on what is right and what is wrong towards your judgement‚ which usually referred to good values and virtues and the right moral duties and obligations. Arthur Holmes summarizes1 “It examines alternative views of what is good and right; it explores ways of gaining the moral knowledge we need; it asks why we ought to do right; and it brings all this to bear on the practical moral problems that arouse such thinking in the first
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Evaluation of a Business Code of Ethics‚ "Walmart" William Matos PHL/323 July 6‚ 2015 Vickie Sims Evaluation of a Business Code of Ethics‚ "Walmart" A business code of ethics is a set of rules or guidelines written and distributed by an organization to all employees‚ including management regarding ones behavior and conduct (Business Dictionary‚ 2011). In our everyday lives‚ which include where we work‚ principles and standards are important. The function of a code of ethics policy is to provide
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[Dec-13] [MPRBA 203C/MPCBA 203C/MPRHR-203B] MBA‚ Twinning MBA (CMU) & MHRM Degree Examination II TRIMESTER ETHICS IN BUSINESS AND CORPORATE GOVERNANCE (Effective from the admitted batch 2013–14) Time: 3 Hours Max.Marks: 60 --------------------------------------------------------------------------------------------------Instructions: All parts of a section must be answered in one place only. Figures in the right hand margin indicate marks allotted. ---------------------------------------------
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determine what is “foreseeable” or “reasonable” • Ethics‚ Law‚ and CSR o Ethics: study of right and wrong behavior o Business ethics: study of right and wrong behavior in the business world o Moral minimum: the minimum acceptable standard for ethical business behavior‚ normally considered compliance with the law o Corporate Social Responsibility (CSR): the idea that corporations should be accountable to society for their actions • 3 Approaches to Ethics o Duty-based: What are the relevant rules?
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Ethics and social responsibility can be seen as the moral obligation of advertisers not to violate our basic economic assumptions even when there is no legal obligation. (2570 words) Violating our basic economic assumptions happens in advertising everyday and consumers are well aware of it but it doesn’t mean they are not influenced by it. This essay focuses on the reasons why some companies have chosen to improve ethics and social responsibility to further improve its image as a reputable company
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consequences (teleological ethics): Practical and already underlines business thinking. But difficult to evaluate all consequences‚ right of minorities can be sacrificed./Focus on duties‚ obligations‚ principles (deontological ethics): The means matter more than the ends‚ Decisions based on abstract universal principles such as honesty‚ fairness‚ rights. One person’s rights lead to another’s duty‚ Natural rights are inherent‚ universal‚ and inalienable/Focus on virtue (aretaic ethics): The assumption is
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