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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Business ethics main concern is how to give solutions to ethical problems that arise in a business environment and/ or working place. (White‚ Lecture #2‚ September‚ 9). Through years different philosophers have created and developed different theories that would help a business person solve these issues in order to assure the success of a business organization. However‚ three are the widest spread approaches that try to make the life in an organization easier and happier: Kantianism‚ Utilitarianism
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Business Ethics Doug Donofrio FIN/486 May 27‚ 2013 Mary Corcutt Eron and WorldCom are both companies that collapsed due to ethical violations. The major factors that lead to the dissolution of Enron Corporations and WorldCom will be indentified. The specific ethical violations in accounting practices at these two companies will be explained and the role of business ethics in strategic financial planning will be described. “Business Ethics are the standards of conduct or moral judgment that
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The actions Merck undertook when marketing Vioxx and emphasizing its safety even after finding out the product’s side effects endangered all its key stakeholders and showed the real face of the company that accented its highly ethical maxims. Cardiovascular side effects of the Vioxx increased the risk of complications that could have caused patient’s death‚ therefore Merck violated the basic right to life of all the Vioxx consumers. It was already mentioned that Vioxx caused 3468 deaths by heart
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the core textbook * “I’m still not sure of what an ethical dilemma is and if my dilemma is a dilemma!”- OK. Questions to ask yourself: * Is my dilemma about an individual who is facing a problem? * Can I justify the problem as a business ethical problem in which an individual is faced with making a difficult ethical decision of some kind (i.e. a dilemma)? * Can I examine the dilemma and justify it as an ethical dilemma meeting the 4 performance areas (p.9) of the marking scheme
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The Lifeboat Case and Utilitarianism Imagine that four men are placed in a life or death situation. They are stranded in a boat in the middle of the ocean with nothing to eat for nourishment. In a severely weakened state‚ the men decide that for the benefit of the majority they will draw lots and eat whoever draws the shortest; one of the men refuses to draw. The next day‚ in spite of the lottery‚ the youngest boy is killed and fed on by the other men. The argument proposed to justify their actions
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BUSINESS ETHICS ASSIGNMENT – TASK 3 CONTENTS Introduction………………………………………………………………………………………………………….…Pg 3 Background on Asia Pulp and Paper Co’…….………………………………………………….……..Pg 4 Question of Ethics – Deforestation and Illegal logging……………………………………….…Pg 5 Wildlife Extinction…………………………………………………………………………….……………………Pg 6 APP becoming sustainable…………………………………………………………………….……………….Pg 8 Recommendations to live and operate sustainably ……………………….…………………….Pg 9 Ethical code for APP……………………………………….……………………………
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Business Ethics Business ethics is part of today’s society whether you like it or not. There are many things happening in today’s corporate world that needs to be opinioned. Are ethical judgments merely a matter of personal opinion? Yes because we live in a free society I think that most ethical judgments are based on a matter of what you believe in. Everyone has the right to think differently. There will also be similarities and differences in your ethical point of view because of religion
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ethical theory. For a discussion of John Stuart Mill’s essay Utilitarianism (1861)‚ see Utilitarianism (book). The Utilitarianism series‚ part of the Politics series Utilitarian Thinkers[show] Jeremy Bentham John Stuart Mill Henry Sidgwick Peter Singer Forms[show] preference utilitarianism rule utilitarianism act utilitarianism Two-level utilitarianism Total utilitarianism Average utilitarianism Negative utilitarianism animal welfare Abolitionism (bioethics) Hedonism
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A business cannot claim to be ethical firm if it ignores unethical practices by its suppliers – e.g. * Use of child labour and forced labour * Production in sweatshops * Violation of the basic rights of workers * Ignoring health‚ safety and environmental standards An ethical business has to be concerned with the behaviour of all businesses that operate in the supply chain – i.e. * Suppliers * Contractors * Distributors * Sales agents The two articles below
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