Business Ethics – Assignment 1 1. The Sales Rep. A sales representative for a struggling computer supply firm has a chance to close a multimillion-dollar deal for an office system to be installed over a two-year period. The machines for the first delivery are in the company’s warehouse‚ but the remainder would have to be ordered from the manufacturer. Because the manufacturer is having difficulty meeting the heavy demand for the popular model‚ the sales representative is not sure that the subsequent
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Subject- Business Ethics Subject code- 665A General Instructions: ✓ The Student should submit this assignment in the handwritten form (not in the typed format) ✓ The Student should submit this assignment within the time specified by the exam dept ✓ Each Question mentioned in this assignment should be answered within the word limit specified corresponding to each question. ✓ The student should only use the Rule sheet papers for answering the questions
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the purpose of a Corporation? • Profits v. social responsibility • Stockholders v. Stakeholders Who are stakeholders? • stockholders • employees • customers • managers • supplies • local community According to Friedman‚ can a business do anything in the quest for profits? • No‚ it must not be deceptive or fraudulent Who is Theodore Levitt? • Former professor of marketing at Harvard B-School‚ Ph.D. in economics‚ prolific writer‚ editor of Harvard Business Review‚ coined the term "globalization"
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Business Ethics and Issues Ethics Ethics is a branch of philosophy which seeks to find answers about the moral concepts like bad‚ good‚ evil‚ right‚ wrong‚ etc. According to OEC (2011) ethic is defined as “a moral philosophy which is concerned with what is right or wrong‚ good or bad‚ fair or unfair‚ responsible or irresponsible‚ obligatory or permissible‚ praiseworthy or blameworthy”. Many scholars have associated it with the various feelings and emotions like guilt‚ indignation‚ empathy etc
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Business Ethics Introduction Business ethics is an important aspect of any organization‚ and all successful organizations adhere to business ethics. Business ethics ensure that organizations adhere to moral and ethical principles as they undertake their day to day operations. Business ethics ensure that organizations and employees conduct business while following ethical principles. It also enables organizations solve challenges they experience while following moral principles. Corporate
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Ethics in Business From a business perspective‚ working under government contracts can be a very lucrative proposition. In general‚ a stream of orders keep coming in‚ revenue increases and the company grows in the aggregate. The obvious downfalls to working in this manner is both higher quality expected as well as the extensive research and documentation required for government contracts. If a part fails to perform correctly it can cause minor glitches as well as problems that can carry serious
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Running a business requires adequate consideration to a number of issues outside the traditional scope of making money‚ of which ethics is most certainly one. As our business grows and becomes more significant‚ we impact on the lives and circumstances of people in ways we can only imagine - through bringing jobs‚ creating wealth and inspiring others to grow their businesses. An important part of engaging in this process is understanding your business ethics‚ which if not up to scratch can leave you
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Business Ethics “Monsanto Attempts to Balance Stakeholder Interest” Write a case analysis of case #1‚ “Monsanto Attempts to Balance Stakeholder Interest”‚ page 308-317. An analysis paper should address the following: (USE THIS GUIDELINE FOR ALL OF YOUR PAPERS) 1. What are the main facts of the case? (Not all the facts/the main facts) Monsanto is an enormous corporation‚ originating as a chemical company at the turn of the twentieth century. Expansion to India and Africa have been stated
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* What is Business Ethics * Ethics is a branch of social science. It deals with moral principles and social values. It helps us to classify‚ what is good and what is bad? It tells us to do good things and avoid doing bad things. * So‚ ethics separate‚ good and bad‚ right and wrong‚ fair and unfair‚ moral and immoral and proper and improper human action. In short‚ ethics means a code of conduct. It is like the 10 commandments of holy Bible. It tells a person how to behave with another person
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Business Ethics An Introduction to Business Ethics and Social Responsibility Lecture Etiquette • Try to be on time • Quietly enter and leave the lecture theatre • Be respectful to lecturers and other stude• Lecturers: Course objectives To introduce students to ethical and political debates regarding the social responsibilities of businesses and corporations To introduce students to ethical concerns that surround businesses and their treatment of a variety of
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