Business Law and Ethics Review Notes Lecture 1 Profit affect business decisions‚ but do we really have a free market to conduct our business in? BUSINESS DECISIONS Internal Forces Type of Business Structure Ethics CSR Corporate Governance External (Legal) Forces Contract Law Agency Tort Law Consumer Law External (Structural) Forces Legal System Dispute Resolution Regulation Ethics: Concerned with how we should behave‚ and involves theories that describe the ‘right’ way to make
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Business ethics is a form of the art of applied ethics that examines ethical rules and principles within a commercial context‚ the various moral or ethical problems that can arise in a business setting‚ and any special duties or obligations that apply to persons who are engaged in commerce. Business ethics can be both a normative and a descriptive discipline. As a corporate practice and a career specialisation‚ the field is primarily normative. In academia descriptive approaches are also taken
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Wal-Mart Business Ethics RES/351 09/10/2012 Sara Skowronski Wal-Mart Business Research Ethics "The real problem today is the ineffective and inconsistent oversight of professional boxing‚ which has led to continuing scandals‚ controversies‚ unethical practices‚ and unnecessary injuries and deaths in the sport‚" once quoted by Charles W. Pickering. Wal-Mart has developed to become one of the biggest retail store in the world. Being one of America ’s biggest
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The Effects of Forgiveness Therapy on Depression‚ Anxiety‚ and Posttraumatic Stress for Women After Spousal Emotional Abuse COUN 506 - Integration of Psychology‚ Theology‚ & Spirituality in Counseling March 25‚ 2011 Summary Enright and Reed (2006) discussed varied studies on spousal psychological abuse‚ with the various researchers concluding multiple negative psychological outcomes on woman who were in emotionally abusive spousal relationships. In the study however the authors approach
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Case Study: Cooperating and Communicating Across Cultures The article “Cooperation and communication between cultures”‚ points out the key components in this case study. In the scenario each one of the team members had their own preconceived notions of the "right" way they should interact with the team in order for the team to move forward. The viewpoints of the team members‚ in my opinion‚ were influenced in part by their own cultures in addition to their own corporate backgrounds. Jim upon
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Part I: Capitalism 1.1 Introduction According to an online article entitled “ Reflections on capitalism” : The word “capitalism” was popularised by Karl Marx in the middle of the 19th century .It is a social ‚ political as well as an economic system that countries use to guide their development programs and economic policies. Almost all the worlds countries are currently running their economies on capitalist inspired doctrines ‚this fact testifies to a great extent of the many advantages and viability
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Running head: Case Study Report 3 Case Study Report 3 Deb Gephart Western International University LDR 620 Ethics and Corporate Social Responsibility Ray November January 28‚ 2008 Case Study Report 3 I chose to report upon the case study involving ImClone and Samuel Waksal’s deceitful practices involving selling personal shares of ImClone stock. Samuel Waksal knowingly participated in insider trading which involved selling his ImClone stock and then notifying his family of the
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Review The purpose of this paper is to briefly summarize the article‚ "The manager ’s role in building an innovative organization". I will give a brief description of the organizing function of management. I will also relate the concepts to Aearo Company‚ while including my recommendations based on the article. Summary The article discusses how organizations must change to survive in a competitive market. Companies must change how they gather information‚ implement the information‚ and
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Business Ethics Some people say that ethics do not have anything to do with business. Others say that businesses have moral obligations that go beyond just functioning according the law and doing what is best for the company and its shareholders. Business ethics examines ethical principles‚ ethical problems and obligations that apply to people doing business. Companies have the obligation to ensure that their actions cause as little harm as possible to the environment‚ society and employees. It
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ASSIGNMENT TITLE: RECENT CORPORATE SCANDALS PROVE THAT THE RESPONSIBILITY OF BUSINESS GOES BEYOND MAXIMISING PROFITS. DISCUSS NAME OF STUDENT: TANMUGAVALLI PILLAY VYTHELINGUM PROGRAMME: BSC(HONS) MANAGEMENT (MINOR: FINANCE) LEVEL: 4 NAME OF LECTURER: G. NAPAL MODULE NAME: BUSINESS ETHICS AND GOOD GOVERNANCE MODULE CODE: MGT 2067Y(3) TABLE OF CONTENTS INTRODUCTION Page 3 PROFIT MAXIMISATION
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