ASSIGNMENT TITLE: RECENT CORPORATE SCANDALS PROVE THAT THE RESPONSIBILITY OF BUSINESS GOES BEYOND MAXIMISING PROFITS. DISCUSS NAME OF STUDENT: TANMUGAVALLI PILLAY VYTHELINGUM PROGRAMME: BSC(HONS) MANAGEMENT (MINOR: FINANCE) LEVEL: 4 NAME OF LECTURER: G. NAPAL MODULE NAME: BUSINESS ETHICS AND GOOD GOVERNANCE MODULE CODE: MGT 2067Y(3) TABLE OF CONTENTS INTRODUCTION Page 3 PROFIT MAXIMISATION
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Business Ethics and Globalization Lindsey Herrera XMGT 216 December 3‚ 2010 Carolyn Fuentes Business Ethics and Globalization There are many ethical issues one can find when studying the policy of international trade and globalization. The main ethical difficulty we find is the cultural ethics involved in business across the globe. The way we do business is not always the way others conduct business in their country. Does that mean that our way is necessarily the right way? I think this
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Business Ethics Is Not An Oxymoron by Dexter Calma Ateneo Graduate School of Business Business‚ in a very simplified definition‚ describes an exchange of something for another. In this context‚ it can be implied that there is a fiduciary understanding that the parties involved receive goods or services that are of equal value according to the appraisal system that they have agreed upon‚ whether it is based on units of measurement‚ or just mere goodwill. Thus‚ ethical standards that are applied
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Business Ethics Reflection Leonardo Garcia-Avalos XMGT-216 03-06-2011 University of Phoenix Business Ethics Reflection Having good ethics is not only good in business but also a good thing to have in general‚ everyday life. We all know the difference between good and bad but some people chose to ignore moral values and do whatever they please. In a business‚ having good ethics can be the difference between a successful business or one that will fail. Good business ethics can help the business
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BUSINESS ETHICS AND SOCIAL RESPONSIBILITY (B) HOMEWORK (13 November 2012) Student: Nguyen Thi Thuy An (Anne) I. DISCUSSION QUESTIONS (page 3) Question 1: Madoff case involves some ethical issues and questions. Firstly‚ Madoff did not tell the investors clearly about the business (what is it as well as details about the contract of investment). As he was former chairman of the NASDAQ‚ everyone was more likely to trust him‚ which resulted in less concern of the contracts‚ the investments‚ or
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Business Law and ethics Subject: The objective of this report is to highlight the importance and need of ethics‚ ethical leadership and organisation behaviour. The report is based on the speech of Michael Hackworth. Leadership in fairness and honesty makes good business sense. Organisation behaviours‚ culture‚ values‚ management style and ethics‚ all of them make a combination on which company success and failure depends. Every company in the world start by stating the mission‚ objectives
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5 factors to further promote business in India 1. Strong Economy: According to the estimates by the Ministry of Statistics and Programmed Implementation‚ the Indian economy has registered a growth of 7.4 per cent in 2009-10‚ with 8.6 per cent year-on-year (y-o-y) growth in its fourth quarter. The growth is driven by robust performance of the manufacturing sector on the back of government and consumer spending. GDP growth rate of 7.4 per cent in 2009-10 has exceeded the government forecast of
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Is business ethics important? If so why? Before we discuss the importance of ethics in business‚ it is very essential to examine a prominent theory when conducting business ethics and that is utilitarianism. This theory accounts for the concepts of duty or obligation‚ rights‚ and justice. It is routine that the utilitarianism theory is divided up into two groups. These two groups are that of teleological and deontological theory. The teleological approach deals with consequences. “It states that
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Checkpoint: Business Ethics and Globalization Describe at least three ethical issues resulting from globalization. Explain the ethical risks and consequences associated with global business. First we need to take a look at what globalization is before we can dive into what the ethical issues surrounding it is. Globalization is a process of interaction and integration among the people‚ companies‚ and governments of different nations‚ a process driven by international trade and
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The issue of ethics has always been present in the field of business. At times‚ business ethics are considered as a justified approach by many who believe in ethics; however‚ at the same time many who do not agree differ with strong arguments. With regard to the problem under discussion I would like to put forward few of my arguments in favor of copy rights. Hence would like to adopt anti-piracy approach and will certainly support observance of strong ethics in business. Ethics means the ability
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