ETHICS AND PERFORMANCE: AN ASSESSMENT OF THE IMPACT OF BUSINESS ETHICS ON ORGANISATIONAL PERFORMANCE WITHIN THE FINANCIAL SERVICES INDUSTRY. HSBC HOLDING PLC AS THE CASE STUDY. CONTENTS List of figures and tables ----------------------------------------------------------------------------------4 Executive summary ----------------------------------------------------------------------------------------5 Acknowledgement ------------------------------------------------------------------------------------------6
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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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Business Ethics Term Paper: Wal-Mart Walmart serves customers and members more than 200 million times per week at more than 9‚826 retail units under 60 different banners in 28 countries. With their fiscal year 2010 sales of $405 billion‚ Walmart employs 2.1 million associates worldwide. Walmart was founded in 1962 by Sam Walton‚ with the opening of the first Walmart discount store in Rogers‚ Ark. The company incorporated as Wal-Mart Stores‚ Inc.‚ on Oct. 31‚ 1969. The company’s shares began trading
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Business Ethics Term Paper 1.) (Strategic)Philanthropy can be defined as giving back to the community (FERRELL‚ 2011‚ p. 94). Certain companies that profit from society feel a moral obligation to give back to the people. I believe giving back in the long term is a great idea for business. If done correctly it can be a great marketing tool. Strategic Philanthropy is a more defined giving back to society. It is mutually beneficial to the organization and stakeholders (FERRELL‚ 2011‚ pp. 118-119)
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Organisational Ethics Ethics is a system or code of moral standards of a particular person‚ group or profession. The operative word is ’system’. A ’system’ can be a set of facts‚ principles or rules arranged in an orderly form. When we make a decision we balance competing priorities‚ values and perceived obligations in order to make something better than it was. We can make things better by improving something good‚ making something less bad or reducing uncertainty. A good decision may not be
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management and managers by these studies and teachings‚ and courses on these have been added to the curriculum of business schools. (Robbins & Judge‚ 2001) I will‚ in the following‚ discuss the benefits of self-evaluation/self-assessment as it relates to leaders today. Discussion For many years‚ emotions were frown upon as something unwanted‚ undisciplined and unprofessional in business. (Clawson‚ 2001) However‚ there seems to be a consensus building nowadays that knowing‚ sensing‚ showing‚ understanding
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Organizational Ethics O.C. Ferrell‚ Professor‚ Colorado State University Organizational ethics is one of the most important‚ yet perhaps one of the most overlooked and misunderstood concepts in corporate America and schools of business. Organizational ethics initiatives have not been effectively implemented by many corporations‚ and there is still much debate concerning the usefulness of such initiatives in preventing ethical and legal misconduct. Simultaneously‚ business schools are attempting
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for many years and is still on-going regarding whether HRM and organisational performance are directly or indirectly linked to each other. Some insist that it clearly has a positive impact on business performance whilst the others question that “why companies then hesitate to take the HR policies and why some of them adopt another alternative approaches?” From their point of view‚ it does not affect much of the organisational performance. Therefore‚ a company does not necessarily need to implement
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Introduction 3 2. Business cases of Content and Code Ltd and Macphie of Glenbervie Ltd 3 2.1. Performance management systems 3 2.2. Communication 4 2.3. Engagement 4 2.4. Ensuring policies stack up 5 3. The practical difficulties‚ challenges‚ and implications encountered by the use of performance management/ high performance 6 3.1. Measuring/evaluating dimensions 6 3.2. Keeping leaders focused 7 3.3. Linking job descriptions to performance management 8 3.4. Implementing performance management for
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The Impact and Influence of Business Ethics Ethics is a vital component of every business‚ and it is doubtful that a business will survive without having a strong stance and espoused value of ethical behavior. “There has to be two dimensions to leadership: performance and values” (O’Rourke‚ 2010‚ p. 61). In his discussion on business ethics O’Rourke (2010) also comments that every company should have a written statement of ethical behavior that encompasses all processes within the organization
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