Bibliography: Ferrell, O., Ferrell, L., & Fraedrich. (2010). Business Ethics. Mason: Cengage Learning.
Bibliography: Ferrell, O., Ferrell, L., & Fraedrich. (2010). Business Ethics. Mason: Cengage Learning.
In conclusion, I believe that the current state of business requires clarity now more than ever. Technology is advancing at an incredible rate, which requires companies to not only innovate much faster, but also to be able to make decisions faster. As observed by Martin Marietta and the defense industry in general, without an ethical framework to guide companies in their decision making process, fraud, waste and—more importantly—unnecessary mistakes are inevitable. A company’s ethics program is a rudder to steer them through uncertain business conditions. To use an analogy, had many of the companies that issued subprime mortgages had an ethical framework in place to prohibit loans to people that clearly could not afford them, the world would not be in this current economic downturn. The fact is that there were no laws preventing such business decisions. If these companies would have had a relevant ethics program—one that incorporated the tenants of corporate social responsibility, perhaps we would have avoided the…
In regards to the finance environment, Starbucks plays an active role in ethics and compliance. Not only are their employees offered ways to voice concerns of unethical issues in the work place, but also Starbucks’ partners as well. Starbucks holds a meeting every year for their shareholders in order to review the yearly performance, vote on issues, and voice their concerns about the company. Starbucks’ ethics program is setup in a way that helps integrate and network ethical business practices on all levels of the company. For six years now, Starbucks has been named among the world’s most ethical companies and to this day is still going strong (Business Ethics and Compliance. 2012).…
1. Determine the impact of this event on ARC’s “benefits of business ethics” (employee commitment, investor loyalty, customer satisfaction, and bottom line). This event has had a major impact on the American Red Cross Association’s business ethics. Often times, employees join organizations because they believe that they share some of the same values as the organization. When business ethics are comprised in an organization it tremendously affects employee commitment and their overall performance. A lack of ethics in an organization sends…
Determine the impact of this event on ARC’s “benefits of business ethics” (employee commitment, investor loyalty, customer satisfaction, and bottom line).…
Public sector net debt was £1,039.5 billion at the end of August 2012, equivalent to 66.1% of GDP.…
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 All of Creation, and Making Peace. The Kohlberg`s Three Levels and Six Stages of Moral Reasoning Lawrence Kohlberg, a professor of psychology in the University of Chicago, he created his own theory of moral development. The theory is based on children‘s reasoning, when facing moral dilemmas, however, Kohlberg went far beyond that and created a common theory for all ages. Under his theory moral thinking passes through six separate stages, which are broken into three levels. This paper aims to compare the Franciscan Values…
Determine the impact of this event on ARC’s “benefits of business ethics” (employee commitment, investor loyalty, customer satisfaction, and bottom line).…
Crisp makes a credible argument that the Pongo Peach and Grecian Formula 16 ads were guilty of overriding the consumers' autonomy because they deceived the consumer by leading them to believe that the products were better than what they were. They used the consumer’s insecurities about themselves to make their products more appealing, causing the consumer to act on desires, rather than rationality. The problem with this type of advertising is that when people take a chance on something based on impulse, rather than facts. They risk their autonomy, which makes them want to purchase the product. I believe that Crisp’s rebuttal of Arrington’s four notions is valid. Autonomous desire is the first desire and fulfills the second desire, which is rational desire and choice. Free choice is the third desire, and finally, the fourth desire is control or manipulation. When it comes to the morality of “subliminal” advertising, my opinion is that it is simply business, and if business are going to profit, they have to use whatever tactic necessary to sell their product.…
Three general principles will guide the move towards sustainability. Firms and industries must become more efficient in using natural resources; they should model their entire production process on biological processes; and they should emphasize the production of services rather than products. Versions of the first principle, sometimes called eco- efficiency, have long been a part of the environmental movement. "Doing more with less" has been an environmental guideline for decades.…
Ethical behavior within the workplace is important to have good communication between employees, management, and end users. One key definition of ethics is that ethics are mainly the kind of values and morals an individual or society finds desirable or appropriate (farzanalibaloch.blogspot.com). The main focus is to show the customers having a successful business between ventures is based on honesty and integrity that will lead to long-term success. This paper will explain the role of ethics and social responsibility in developing a strategic plan, considering stakeholder needs, and will explain how your ethical perspective has evolved throughout the program.…
Shaw and Barry distinguish two different forms of utilitarianism. What are these two forms? Briefly describe each and use examples.…
The problem to be investigated is the effect and consequences of the Sarbanes-Oxley Act. The main purpose of the Sarbanes-Oxley Act of 2002 was to improve the public trust and confidence in financial reporting provided by public companies and increase in the transparency of their reports (Jennings, 2012).…
A: Karl has to deal with some ethical and possibly legal issues in the marketing of his game “Breakaway”. It is an issue ethically simply because he himself has to find out it is suitable to market a game that primarily gives its focus on nudity, violence, and gambling. When it comes to legal issues, is it legal to market these things in foreign countries and on the Internet? This is what he needs come to reality with and needs to think about. If they have the ability to market this game in other countries, then they would have to change different parts of the game for the countries that Will has looked into targeting the game.…
References: Dahlin, L. A. (2007). Where have all the ethics gone? Business ethics and corporate social responsibility through the years. Proceedings of the Northeast Business & Economics Association, p.360-366. Retrieved on October 19, 2008, from EBSCOhost database.…
Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. Business ethics has both normative and descriptive dimensions. As a corporate practice and a career specialization, the field is primarily normative.…