Galen McDowell was a good salesperson who knew how to purchase the higher performances out of the salespeople under him. Bob wanted to sign a big contract with Kinan Motor who was his potential client, so he gave this assignment to Galen, and Galen got this opportunity to promote his value to the organisation. Then he made the plan to take them to a strip club which is called Red Ruby.…
Another good example of its good ethics is in 2007 when the Kellogg Company announced that it would phase out advertising its products to children under age 12 unless the…
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.…
1st decision Graphic, Inc. loan of $10 million. Graphco was a tobacco firm embroiled in litigation concerning the promotion of its products to children. Elaine based her decision by Moral Philosophies which refers to the specific principals or rules that people use to decide what is right or wrong (Ferrell, Fraedrich, Ferrell, Ninth Edition Business Ethics, p 153). The advantage to this decision is she did what she felt was morally acceptable, the disadvantage is she does not have their business and she has no reason to believe they would not pay the loan back and she would have made money for the bank if she accepted and approved the loan application. Although she was applauded for her moral stance from some there were some that were not very happy about the decision.…
In this case there are a number of ethical issues such as doctoring findings to produce a positive outcome for the company in question. However the main ethical issue is whistle blowing. Many people had the opportunity to expose the problems with the brakes. People may say that those involved in this case are in the wrong due to the fact that they had a major role in the qualification of the brakes. Most of the executives or senior workers of Goodrich, that new about the problems or were informed, chose to do nothing about them. They were all looking at the monetary side of things. This is a classical case of money before safety and because of this; it has become a landmark case for engineering ethics.…
1. The school of thought that says that law and ethics govern two different realms is…
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).…
Ethics and moral obligations are issues we all encounter at one time or another. In the professional setting, all people should act in a manner that would uphold the good of society. To be ethical, one has to determine their obligations, moral ideas, and moral philosophy (Boatright, p. 19, 2009). The case analysis involving Jacob Franklin was a perfect example of how an individual can face the dilemma of doing what is right or wrong. Businesses have their own code of ethics, and the employees within the business have to determine whether or not they will follow the company’s code of conduct. I will discuss several ethical issues in the case analysis including; failure to report information, remaining silent regarding faulty equipment, and paying cash as a form of consideration to clients once the contract was signed. Ethical behavior in business is consistent with the principles, norms and standards of business practices agreed upon by society (Boatright, p.4, 2009). Jacob Franklin decides to go against the code of ethical behavior for job security and personal gain.…
HD Student Assignment for HC2121 in Trimester 1, 2010 2. How effective has Mattel been at encouraging ethical and legal conduct by its manufacturers? What changes and additions would you make to the company’s Global Manufacturing Principles? ____________________________________________________________…
No matter how great the products or services are, customers will not beat down the door in numbers needed to stay in business if their view of the business is not positive. Sometimes, it only takes unsubstantiated negative publicity, or poor ethical choices to make a business start to flounder. Therefore, CEO’s, CFO’s, COO’s and Small Business Owners need to establish sound goals, make ethical choices and keep a positive perception, of their business among most audiences. Poor perceptions are next to impossible to overcome and years may not necessarily cause the public to forget or change the poor perceptions. While a Fortune 500 company may have the resources to survive erroneous perceptions, a smaller corporation, or a “Mom & Pop” store may not. Even a great public relations firm cannot always spin the bad into a good light.…
Wal-Mart is one of the most influential businesses in the world. However, with power comes scandal and backlash. Ethical issues with management, and treatment of its workers and suppliers has been on the front line of un-popular public relations for Wal-Mart. This paper will analyze Wal-Mart’s attitudes to its women employees focusing on the lawsuit of Dukes vs. Wal-Mart, the alleged sweat shop work overseas producing merchandise sold in the Wal-Mart stores and illegal immigrants, and Thomas Coughlin’s embezzlement of as much as $500,000. I will also explain why I feel Wal-Mart is a prime example of leadership and ethics in today’s business world.…
Ours is a business-centered society. “No group in America is more influential than businessmen” (Baumhart xv). Their influence, for good or evil, enters every life and every home many times each day. If this influence is good, the nation is strengthened; if it is evil, the nation is weakened. Obviously, the myriad decisions of businessmen will significantly determine our national health; ethical, as well as economic. “Business ethics are discussed not only in board rooms, but at dinner tables, in university faculty rooms and on the floor of Congress” (Garrett 1). Many, especially the impressionable young, imitate the mores and manners of successful businessmen. How important are business ethics? In what ways are business ethics defined? The ethical standards of businesses shape America and are key to a business’ functioning.…
The film documents this lifestyle 's drastic effects on Spurlock 's physical and psychological well-being, and explores the fast food industry 's corporate influence, including how it encourages poor nutrition for its own profit.…
1. Introduction to business ethics 2. Ethical issues in business 3. Ethical theories and how to use them 4. Individual response to ethical issues; personal values 5. Individual response to ethical situation 6. Individual response to ethical issues; whistle blowing 7. Business response to Ethical Issues: Corporate social responsibility 8. Business response to Ethical issues: Sustainability 9. Business responses to ethical issues: ethical codes and standards 10. The International Context: Global and Local Values 11. Moral Leadership 12. Conclusion…
As Markham was summoned into the conference room to begin his presentation to the board of the state pension fund, he was wrestling with whether or not to raise the liability issue. He knew there were risks either way. There was the risk that his client would choose to take their business elsewhere if he told them what he believed to be the fund’s financial reality. Furthermore, such a move would not only result in lost business, but would likely be interpreted as disloyalty towards his firm. But then he thought about what didn’t happen during the 2008 financial crisis, and this reality gnawed at him:…