Business Ethics Social responsibility requires individuals engaging in business endeavors to behave in an ethical manner. Ethics are principles of behavior that distinguish between right and wrong. Ethical conduct conforms to what a group or society as a whole considers right behavior. People working in business frequently face ethical questions. Business ethics is the evaluation of business activities and behavior as right or wrong. Ethical standards in business are based on commonly accepted principles
Premium Ethics Business ethics
1. The aspects of BP’s ethical culture that could have contributed to the Gulf Coast oil spill disaster include: * The company tried to assure concerned stakeholders that it took environmental concerns seriously‚ but BP’s actions have not always concided with its words. BP has engaged in numerous instances of questionable behavior including fraud‚ environmental‚ and ethical transgressions clearly demonstrate that the company has a history of disregarding the well-being of stakeholders. The
Premium Risk Exxon Valdez oil spill Petroleum
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
Premium Business ethics Ethics
BAAmity Business School Amity Business School MBA Class of 2010‚ Semester II Business Environment and Strategic Analysis Module-V (Business Ethics) Vivek Singh Tomar 1 Chapter Outline • Business Ethics and Public Opinion • What Does Business Ethics Mean? • Ethics‚ Economics and Law: Venn Model • Four Important Ethics Questions Amity Business School • Three Models of Management Ethics • Making Moral Management Actionable • Developing Moral Judgment • Elements of Moral Judgment • Summary
Premium Ethics Morality
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
Premium Business ethics Ethics
example of how greed and the desire for success can transform into unethical behavior. Good ethics in business would be to compete fairly and honestly‚ to communicate truthfully and to not cause harm to others. These are things that Enron did not seem to display‚ which led to Enron’s operations file for bankruptcy in 2001. Enron’s scandal has become one of the most talked about forms of unethical business behaviors. The company’s collapse resulted from the disclosure that it had reported false profits
Premium Enron Ethics Business ethics
National Institute of Fashion Technology HYDERABAD Master of Fashion Management (2013-15) PROFESSIONAL PRACTICES REPORT ON: BUSINESS ETHICS SUBMITTED BY: SANTHI BIJU (30)
Premium Business ethics Ethics
implications of business ethics facing a selected business in its different areas of activity. The organisation BP BP is a British public limited company which provides gas and oil. It is stated that it is the third largest energy company and the fourth largest company in the world itself. The business provides oil‚ gas and renewable energy resources to business such as petrol stations like SHELL. The company states that their main activities are the exploration and production of crude oil and natural
Premium Greenhouse gas Natural gas Fossil fuel
BES401: BUSINESS ETHICS & SOCIAL RESPONSIBILITY WEEK I - INTRODUCTION TO ETHICS Definition of ethics Ethics is the discipline dealing with what is good or bad‚ or what is right or wrong or specifically with moral duty and obligation. Ethics has been defined as “inquiry into the nature and grounds of morality where the term morality is taken to mean moral judgment‚ standards and rules of conduct. It has also been called the study and philosophy of human conduct with an emphasis on
Premium Ethics Morality
The case is: Apple Finds Human Rights Violations in Supply Chain which discussed the Apple’s factory and the condition of the factory. Apple is one of the largest mobile phone manufacturers in the world and they have many factories and workers around the globe. The audit team found out that there is several ethics issue for the factory of Apple. First is the factory hired underage employees which are under age of 16 and it is the youngest age for employment in china. And Apple also falsified identifications
Premium Ethics Business ethics