AIG was a very successful company and made billions of dollars on new investment instruments‚ which were so unique that didn’t even fall under any of the securities regulations. For two decades AIG was riding this wave of huge revenues‚ which did not require much in return. The earth under AIG started crashing down‚ once mortgage bubble burst happened. Significant decline in the mortgage prices caused AIG to lose over 62 billion of dollars at the very early stage of the financial crisis. The only
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Lawrence & Weber (2014)‚ “Corporate culture is a blend of ideas‚ customs‚ traditional practices‚ company values and shared meanings that help define normal behavior for everyone who works in a company” (p. 91). It is basically the way the company operates. It is similar to way people are brought up‚ the ideas‚ traditions and values that parents instill in their children. It is who they are. American Telephone and Telegraph (AT&T) is one of world ’s largest communications companies that are currently
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Ethics essay – Kantian ethics a.) Explain Kant’s concept of duty Immanuel Kant was a German philosopher who was concerned with producing an ethical theory that was logical and absolute‚ and did not change depending on the situation‚ countering the views of John Locke and other empiricists of the time. His ethics are based on duty‚ rather than looking at the end product of an action. He thought that his theory was so important that it could be rivalled with the Copernican revolution‚ in that it would
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Business Ethics versus Military Ethics June 18‚ 2005 Business Ethics versus Military Ethics "The ultimate basis for ethics is clear: Human behavior has consequences for the welfare of others. We are capable of acting toward others in such a way as to increase or decrease the quality of their lives. We are capable of helping or harming. What is more‚ we are theoretically capable of understanding when we are doing the one and when the other. This is so because we have the capacity to put ourselves
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OF CONTENTS 2 INTRODUCTION 3 ETHICS AND MORALITY 4 MORAL MANAGEMENT OF ETHICS 5 ETHICAL ROLE OF MANAGERS 8 ETHICAL DILEMMAS 10 DECISION MAKING FRAMEWORK 12 FOSTERING ETHICS 14 CONCLUSION 16 INTRODUCTION Ethics in the corporate environment was at the beginning of this century deemed as an oxymoron as corporates and people alike believed it was impossible to conduct and succeed in business while being ethical and morally upright. However‚ after observing the numerous corporate scandals enveloping
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An ethical code for everybody in health care An ethical code fort everybody is a British medical journal. The journal was written by Limentani in 1998. The significance of codes in providing structure in the heal care is one of the issues highlighted in the journal. Besides‚ it also provides answers to some of the ethical dilemmas in healthcare. Finally‚ practitioner in ethical issues is another area which has been elaborated in the journal. According to Limentani 1998‚ one of the challenges
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for PMI Code of Ethics and Professional Conduct The PMI ‘Code of Ethics and Professional Conduct’ articulates the ideals to which a project manager should aspire and specifically outlines the mandatory behaviors which are essential in a professional as well as a volunteer role. It describes the moral and professional expectations we have of ourselves and fellow colleagues in the project management community. In short‚ don’t cheat‚ steal‚ lie or abuse power! The code of ethics focuses on four
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INTRODUCTION TO ETHICS IN FINANCE MEANING OF FINANCE Finance means fund or other financial resources; it deals with matter related to money and the market. The field of finance refers to the concept of time‚ money and risk and how they are interrelated. Banks are the main facilitators of funding. Funding means asset in the form of money. Finance is the set of activities that deals with the management of funds. It helps in making the decision like how to use the collected fund. It is also art
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is one of the most ethical businesses? Key business topics include but not limited to code of business ethics‚ corporate social responsibility and vendor code of conduct. I am going to review these topics on Jones Lang LaSalle. Jones Lang LaSalle is a financial and professional services firm specializing in commercial real estate services and investment management. Hopefully this will give you a thorough understanding on a company on top of the business world with their ethical practices. codes
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BUSINESS ETHICS INTRODUCTION Ethics concerns an individual’s moral judgments about right and wrong [Lawrence Kohlberg; 1958]. In any business‚ individuals or groups make organizational decision; both are influenced by a company’s corporate culture. The decision to behave ethically in business is a moral one; decision makers must decide what they think is the right course of action. This may involve rejecting the route that would lead to the
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