Assignment Review: Federally Comply Fled In

NORTHCENTRAL UNIVERSITY
ASSIGNMENT COVER SHEET

Student: Sean C. Barton

THIS FORM MUST BE COMPLETELY FILLED IN

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|Barton, S. MGT5019-8 3 |

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Ethics acts as a countering factor to this need for what is externally known to success. Entine and Jennings allude to the financial aspect and its importance as a means to stability versus standards. For example, if a company chooses to market and sell a product that is free of antibodies and hormones, looking out for the customer, as opposed to selling those products that are not free of antibodies and hormones - placing monetary substance first – what is the validity of this business ploy as it relates to ethics? It would seem to adhere to capitalism based on external value in contrast to social economics; contrastingly, European countries do not inject by-products as an end to profitability. However, and in contrast to socialism, the common dominator as Entine and Jennings speak to is the relevancy of the “stakeholder”. What is the bottom line? What does it take to get there -- ethical or not. The other side of the coin, though, is what is the validity of the stakeholder to each company? If executives and managers dictate productivity via merchandise, the “stakeholder’s” causation then becomes limited and the power remains in management’s hands. Ethical value is applicable in this regard due to the fact that without conformity based standards, business opportunities remain
Based on Entine and Jennings perspective, these questions, as it relates to social responsibility, takes on more of a universal role and/or how this concept affects the whole, as opposed to individuality. Social responsibility takes on a role that equates to principals collectively acknowledged and incorporated from the core in contrast to how this will in fact create a continuum of ethical value and responsibility corporately. For example, sustaining success over a long period time from a financial standpoint is challenging. Of course this varies between industries, but the end result will always be predicated on monetary substance. In this regard as it pertains to ethical value in the workplace, comparatively, is whether a company can remain effective with a “bottom line” fixation? Or is ethical value in the workplace invaluable when it does not focus on the “bottom line”? A good illustration of this would be professional sports most successful teams and franchises. In 2003, two of the New York Yankees star players exceeded the entire Florida Marlin’s team salaries, yet the Marlins won the World Series that year. There are several variables that manipulate success within sports, such as strategic ploys/management,