• Lecture 03: • Ethics & Social Responsibility Tutor: KW CHING kwching@ntu.edu.sg kwching@singnet.com.sg The environment creates uncertainty for managers Managers must respond and design adaptive organizations Uncertainty – managers do not have sufficient information about environmental factors to understand and predict environmental needs and changes 2 Management as an Integrating Activity Individuals – Organization – Environment Environment (Forces) Organization (Design ) Individuals
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to the company’s goals will help the business organization achieve long term success. Because success or failure directly impacts all stakeholders‚ whether employees‚ suppliers‚ investors‚ the local governments or community in general‚ special considerations of their needs should be included in the strategic planning process. Because of recent well known corporate scandals‚ business organizations have incorporated business ethics codes and social responsibility programs as part of their strategy to
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organization is very important as it is a crucial factor for the organization’s success. Companies with strong ethics program tend to have a better reputation‚ can reduce potential costly fines‚ provide better access to capital‚ enhance customer loyalty‚ and most importantly‚ positively affect their employees’ performance and commitment to work. What is ethics? And what does it mean to be ethical? Ethics is the code of moral principles‚ values‚ and beliefs that set standards for what is “wrong” and what
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its business with hair dye products. In 1954‚ L’Oreal expanded its market into skin care field by entering into technological agreements with company Vichy. In 1960s‚ there was a rapid growing interest in simulating youthful looks. Therefore the company opened new cosmetological and bacteriological facilities to gain a significant entry into skin care‚ makeup and perfume markets. Companies such as Garnier and André Courrèges were added into the group. In 1993‚ L’Oreal was facing some ethics problems
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Compare and Contrast Business Report Dezurik & Capital One 360 Operations and Supply Chain Management November 12th‚ 2013 Executive Summary Company Overview From an operations management perspective‚ we compared and contrasted Capital One 360 to Dezurik. We looked at many different aspects of both businesses in relation to various operational and business elements. We conclude that both corporations have significant differences based on manufacturing
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that business ethics and CSR go hand in hand. In order to understand CSR‚ one must also understand ethics. Also‚ a socially responsible firm should also be an ethical firm and an ethical firm should also be a socially responsible firm. However‚ one might wonder as to why business ethics and CSR receive so much importance. Researchers are making it increasingly clear that the two concepts are essential for long term sustainability of an organisation. In today’s highly competitive business environment
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TABLE OF CONTENTS Social Media; Professional Ethics and Responsibilities .................................................................................................. 3 References ......................................................................................................................................................................................... 4 Appendix A – Survey Questions ...........................................................................................
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Organizational Justice‚ Ethics‚ and Social Responsibility Chapter discussed Organizational Justice‚ Ethics‚ and Social Responsibility. While watching CNBC on television‚ I viewed a documentary on the energy company Enron. Their practices and ethics‚ or lack thereof are an excellent example of the topics contained in this chapter. Their disregard for ethical behavior and social responsibility‚ ultimately led to the demise of the company and also caused several members of the company in management
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Community Profile: Miami‚ Florida ETH 316 Ethics and Social Responsibility Community Profile: Miami‚ Florida The social responsibility of members in a community is subject to the beliefs and moral values of the individual. As children‚ we grow up and learn the ways of our family and close friends. These life lessons ingrain patterns of acceptable and unacceptable behaviors in our lives. If a community was small‚ we would see threads of consistency in beliefs and moral values spread throughout
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CORPORATE SOCIAL RESPONSIBILITY AND BUSINESS ETHICS ETHICAL AND UNETHICAL HACKING Acknowledgement We would like to express our special thanks of gratitude to our teacher‚ Professor Supriya Matthew who gave us the golden opportunity to do
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