Report on Business & Ethics
| Report on business & Ethics | | Submitted ToCommunicationTrimester 02, 2011Submitted By | | 9/30/2011 |
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Table of Contents
Introduction: 3
Description of the Issue: 4
Case Study: 4 Case 1 - Controversial Chemical (Triclosan) Poses Challenge for Colgate-Palmolive 4 Case 2 - Rupert Murdoch’s ‘News of the World’ to shut after 168 years; the voicemail-hacking scandal 6
Problems and various aspects- 7
Solutions: 9 Colgate-Palmolive case- 9 Rupert Murdoch’s “the News of the World” case - 10
Conclusion: 11
Bibliography 14
Introduction:
There is a primitive saying that, “Empires down the history have been known to get built only to be lost subsequently”. This has proved true mainly for the business that built for self-serving motives and unethical decisions. Many businesses becomes history for not being changed with changes with technology, market dynamics, business environment, but the most remarkable cause for many corporate giants out of business only for their unethical moves and not being visionary in their business activities. Business ethics is all about the sprite of true “value creation” and excellence in business. (Mandal, 2010) The law is the key starting point for any business. Most leading businesses also have their own statement of Business Principles which set out their core values and standards.
Here in this report we will discuss about two real life cases which can be interesting examples of business ethics issue.
First case study is all about Colegate-Palmolive Company is in a high powered argument and in a main point of a case study in product disclosure and corporate ethics responsibility because of widely used chemical. This case shows the hazy regulatory review of the companies and how they handle their customers over unsettled science.
In second case study we will talk about shutter down of 168-year-old “the News of the World" because of the voicemail-hacking scandal. This used to be one
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Table of Contents
Introduction: 3
Description of the Issue: 4
Case Study: 4 Case 1 - Controversial Chemical (Triclosan) Poses Challenge for Colgate-Palmolive 4 Case 2 - Rupert Murdoch’s ‘News of the World’ to shut after 168 years; the voicemail-hacking scandal 6
Problems and various aspects- 7
Solutions: 9 Colgate-Palmolive case- 9 Rupert Murdoch’s “the News of the World” case - 10
Conclusion: 11
Bibliography 14
Introduction:
There is a primitive saying that, “Empires down the history have been known to get built only to be lost subsequently”. This has proved true mainly for the business that built for self-serving motives and unethical decisions. Many businesses becomes history for not being changed with changes with technology, market dynamics, business environment, but the most remarkable cause for many corporate giants out of business only for their unethical moves and not being visionary in their business activities. Business ethics is all about the sprite of true “value creation” and excellence in business. (Mandal, 2010) The law is the key starting point for any business. Most leading businesses also have their own statement of Business Principles which set out their core values and standards.
Here in this report we will discuss about two real life cases which can be interesting examples of business ethics issue.
First case study is all about Colegate-Palmolive Company is in a high powered argument and in a main point of a case study in product disclosure and corporate ethics responsibility because of widely used chemical. This case shows the hazy regulatory review of the companies and how they handle their customers over unsettled science.
In second case study we will talk about shutter down of 168-year-old “the News of the World" because of the voicemail-hacking scandal. This used to be one
Bibliography: Dickinson, T. (2011, august 3). Rupert Murdoch 's American Scandals. Retrieved september 12, 2011, from http://www.rollingstone.com/politics/news/rupert-murdochs-american-scandals-20110803: http://www.rollingstone.com/politics/news/rupert-murdochs-american-scandals-20110803 EarthTalk. (2010, June 26). The Controversy Over Triclosan in Consumer Products. Retrieved september 12, 2011, from http://business-ethics.com/2010/06/26/1414-the-controversy-over-triclosan-in-consumer-products/: http://business-ethics.com/2010/06/26/1414-the-controversy-over-triclosan-in-consumer-products/ Harned, P. (2011, july 27). After the Debacle: How News Corp. Can Rebuild Trust. Retrieved september 17, 2011, from http://business-ethics.com/2011/07/27/2422-after-the-debacle-how-news-corp-can-rebuild-trust/: http://business-ethics.com/2011/07/27/2422-after-the-debacle-how-news-corp-can-rebuild-trust/ Mandal, S. K. (2010). Ethics In Business & Corp Governance. New Delhi: Tata Magraw Hill Education Privet Limited. Prodhan, K. H. (2011, july 7). Hack job! Murdoch axes paper to save deal. Retrieved september 15, 2011, from http://news.yahoo.com/uk-soldiers-targeted-murdoch-phone-hacking-scandal-report-030337129.html: http://news.yahoo.com/uk-soldiers-targeted-murdoch-phone-hacking-scandal-report-030337129.html Stabile, T. (2010, December 21). Controversial Chemical Poses Challenge for Colgate-Palmolive. Retrieved september 12, 2011, from http://business-ethics.com/2010/12/21/5050-controversial-chemical-poses-disclosure-challenge-for-colgate-palmolive/: http://business-ethics.com/2010/12/21/5050-controversial-chemical-poses-disclosure-challenge-for-colgate-palmolive/