BUSINESS ETHICS INTRODUCTION Ethics concerns an individual’s moral judgments about right and wrong [Lawrence Kohlberg; 1958]. In any business‚ individuals or groups make organizational decision; both are influenced by a company’s corporate culture. The decision to behave ethically in business is a moral one; decision makers must decide what they think is the right course of action. This may involve rejecting the route that would lead to the
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Arguments For and Against Business Ethics Pros Ethics should be brought into a business for many reasons. Ethics govern most of our human activities and because business is a voluntary human activity‚ ethics should also govern businesses. Many businesses will collapse if ethics does not play a major role because many customers‚ employees and managers may come to think that it is acceptable for them to lie to‚ steal from or break arguments with the company. Studies have shown that ethical
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BUSINESS ETHICS Individual assignment Topic 1: The factors influencing corporate culture I. NATURE AND BACKGROUND OF FIRM: The Coca-Cola Company is the world’s largest beverage company and is the leading producer and marketer of soft drinks. Today‚ Coca-Cola is consumed throughout the world at the rate of more than 600 million times per day and this figure is continuing to rise. However‚ Coca-Cola is not the sort of company to live on its past glories;
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Running Head: Franciscan Values Franciscan Values Cardinal Stritch University Ethics and Social Responsibility for Business Leaders CMB 620 January 8‚ 2012 This paper will compare the Franciscan Values with Kohlberg’s Levels. Cardinal Stritch University is a Catholic Institution of higher education. Cardinal Stritch was found and is sponsored by congregation if the Sister of St. Francis of Assisi. The Franciscan Values are Creating a Caring Community‚ Showing Compassion‚ Reverencing
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December 6‚ 2012 MGMT 382 TTH10 Business Ethics Final Management in any given industry has to make ethical decisions. In an industry with recurring demand‚ it is the responsibility of management to balance the operations of the firm while making sure the company’s reputation is protected. When trying to figure out what is the most ethical decision‚ management will unavoidably impact all their employees’ lives. Nonetheless‚ an ethical decision must be made to satisfy the needs of the owner
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Issues Business Ethics and Values Social & Legal Issues Ethics • Greek word: Ethos that means both an individual’s character and a community culture. • Business ethics involves adhering to legal‚ regulatory‚ professional and company standards‚ keeping promises and commitments and abiding by general principles like fairness‚ honesty and respect Social & Legal Issues Business Ethics The application of general ethical concepts to the unique situations confronted in business. It asks
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Business Ethics Gender Discrimination The evolving role of women in the workplace is not readily accepted in society. Despite the illegality of gender discrimination‚ women are being discriminated against in hiring practices‚ advancement opportunities‚ and income in the workplace. In the case study given to us‚ we were asked to suggest best possible ways to control or eliminate gender discrimination. To begin with we started to root causes of discrimination‚ most commonly known to us. One of
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Workplace - Victorian Equal Opportunity and Human Rights Commission. [ONLINE] Available at: http://www.humanrightscommission.vic.gov.au/index.php/workplace-discrimination/type-of-discrimination. [Accessed 20 September 2013]. 4. YouTube. 2013. Business Ethics Through Film: Monsters Inc.. [online] Available at: http://www.youtube.com/watch?v=CUCSK1QFwts [Accessed: 01 Oct 2013]. 5. Disney 2013. [online] Available at: http://disney.wikia.com/wiki/Monsters‚_Inc. [Accessed: 01 Oct 2013].
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Case Study 2 -How Low Will You Go? [pic] Name: Jiahao Zhong Student ID: 15440031 Tutor: Mr. Rex Walsh Campus: Sydney Table of content 1. Utilitarianism …………………………………………………..……2 2. Virtue ethics ………………………………………………………....4 3. Libertarianism……………………………………………………….5 4. Deontological …………………………………………………… …..9 5. Conclusion…………………………………………………10 6. Reference…………………………………………………..11 [pic]Diagram 1 (shows some basic information for the case study) Utilitarianism:
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Unit 45: Business Ethics LO 1 – Understand different ethical perspectives in business Introduction – 1.1 Explain the background of theoretical ethical approaches and development of theoretical ethical approaches. Ethical perspectives: Deontological and teleological ethical theory; a. Define Deontology ethical theory Give example of deontology by stating a Philosophical experiences or case laws b. Define Teleology ethical theory‚ Give example of teleology by stating a Philosophical experiences
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