The Effects of Culture on Ethics Ethics as defined by Raiborn and Payne (1990) “…is a system of value principles or practices and a definition of right and wrong” (Raiborn & Payne‚ 1990). The main question arising regarding this definition of ethics is – how do we know what is right and wrong? If we want to continue exploring ethics and to try to understand how it applies in different countries we also look at another definition whereas ethics is described as “a social‚ religious or civil
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Organizational culture Organizational culture can loosely be defined as the shared assumptions‚ beliefs‚ and "normal behaviors" (norms) of a group. These are powerful influences on the way people live and act‚ and they define what is "normal" and how to sanction those who are not "normal." To a large degree‚ what we do is determined by our culture. Organizational culture is similar to‚ say‚ regional culture. The same person in different organizations (or parts of the same organization) would act
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The Illusion That Took the World by Surprise Enron: The Smartest Guys In the Room is a movie about Enron and how it fooled the world into believing it was one of the most stable and profitable companies in the U.S. This is very sad because many people believed in the figures Enron was producing and entrusted their life saving in Enron stock. The scandal didn’t just affect a small group of people but 10’s of thousands of people lost everything‚ due to an illusion. Kenneth Lay earning a Ph
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The current issue and full text archive of this journal is available at www.emeraldinsight.com/0969-9988.htm Organizational culture: the case of Turkish construction industry Ela Oney-Yazıcı‚ Heyecan Giritli‚ Gulfer Topcu-Oraz and Emrah Acar Department of Architecture‚ Division of Project and Construction Management‚ Istanbul Technical University‚ Istanbul‚ Turkey Abstract Purpose – The main stimulus of this study is to examine the cultural profile of construction organizations within the context
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CASE 4-1: Bessrawl Corporation Reconciliation of net income from U.S. GAAP to IFRS 2011 Net Income according to U.S. GAAP attributable to equity holders of Bessrawl Corporation ………… $1‚000‚000.00 IFRS adjustments: Add: Reversal of inventory cost written down to replacement cost….. 10‚000.00 Less: Additional depreciation of building after 2011 revaluation……..
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SCHOOL OF LAW Year 2013-14 Term 1 LAW001 ETHICS AND SOCIAL RESPONSIBILITY Instructor: David N. Smith Practice Professor‚ School of Law Tel: Email: Office: 6828 0788 davidsmith@smu.edu.sg School of Law‚ Room 4044‚ Level 4 COURSE DESCRIPTION Issues of ethics and social responsibility arise in all professions and all aspects of life. The failure to anticipate‚ recognize and deal effectively with these issues can have serious implications for individuals‚ companies‚ governments
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QUESTION 1: PERFORM SWOT ANALYSIS ON A LOCAL BUSINESS YOU THINK YOU KNOW WELL. WHAT IF ANY‚ COMPARATIVE ADVANTAGE DOES THIS ORGANIZATION HAVE. ANSWER 1: SWOT Analysis • Strengths o Ufone has network coverage in over 750 cities o Ufone provides international roaming facility across 79 countries. o It offers multimedia messaging (mms) o U tune (which was launched on 4th December 2007) which attracted more customers. o It is affordable by the common man (not only the elite class). o Ufone
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Case Study: Slavery in the Chocolate Industry This case is about the slavery of young men in the Chocolate industry. Chocolate is made from the highly prized top quality cocoa beans that are grown on farms in West Africa‚ especially the Ivory Coast and Ghana‚ which make up close to half of the world’s chocolate. Slavery in the chocolate industry raises many issues including systematic‚ corporate and individual ethical issue. Here I’m going to discuss the issue I observed in this case
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control over the organizational structure of your business and you can also exert a strong influence over the company culture. Business owners need to understand the difference between the two because these aspects of your business can have a major influence on the firm’s success or failure. Basics The organizational culture of a business reflects the mentality‚ work ethic and values of the company’s owners and employees. Some firms are regarded as having a cut-throat culture in which employees
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This case study is extracted mainly from two major novels titled “What went wrong at Enron” by Fusaro P.C. and Miller R.M. and “The unshredded truth from an Enron insider” by Brian Cruver. The Vision Called Enron The history of Enron goes back to the 1920’s‚ when a pair of Houston pipeline companies was incorporated to carry gas along the coast of the Gulf of Mexico. In 1956 these companies merged under the name of Houston natural Gas (HNG). While these companies were working along the coast
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