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
Premium Ethics Business ethics
Chapter 4: Business Ethics 1. Ethical dilemma is a decision that ‘invites’ a conflict of values; every good course of action has some significant negative consequences. 3 examples of ethical dilemmas: a. My father’ employee have just done a good job on a project. My father has promised him that my father would give him 20% bonus. Yet‚ due to company politics‚ my dad was unable to give him the bonus. My dad also implied that if he was to submit inflated expense reports for the next 2 months‚
Premium Ethics Virtue Father
A democrat may ask: Why is the government doing so little in general and specifically about big business? A republican may ask: Why is the national government so big and specifically why does the government regulate the economy so much? A libertarian may ask: Why is the government gigantic and regulating anything? America was founded based on the concept of equality and liberty with a fear of gigantic government‚ and excessive democracy. The founding fathers set up a system of representative democracy
Premium Political philosophy United States President of the United States
from bank accounts were just 5%. He quickly switched to using incoming funds to pay off earlier investors. It took him 9 months to get caught for creating this kind of scheme. There is only one type of person that in my mind would do all of this criminal behavior and hurt thousands of lives by stealing and falsifying their income and that would have to be an Ethical Egoist. They come from the theory of ethical egoism‚ which is a type of person that acts in their own self-interest. They believe that
Premium Ponzi scheme Bernard Madoff Fraud
Business Ethics Introduction This essay analyses the business ethics required in the marketing strategies. In most marketing strategies‚ ethics is an issue that is overlooked due to its implications on profit margins. In this study‚ there are several implications of ethics in marketing strategies. Various stakeholders trying to improve their sales through promotion and marketing‚ amid regulations requiring that they practice business ethics in their practices. Ethics is an accepted way of doing
Premium Ethics Morality Business ethics
the business world. In particular‚ the question of what ethical behavior actually involves will be analyzed in depth. Ethics is a topic that can be discussed at length without reaching universal consensus‚ and this text will not be an exception. However‚ it should shed some light on the issue of ethical corporate behavior. The objectives and responsibilities of business will be covered‚ as well as the ethical obligations of various parties. Scholars have declared that business and ethics are
Premium Business ethics Ethics
BUSINESS ETHICS DEFINITION Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. Business ethics has both normative and descriptive dimensions. As a corporate practice and a career specialization‚ the field is primarily normative. Academics attempting
Premium Ethics
Business Ethics "Like Nailing Jell-O to the Wall" What are ethics? A simple definition for "ethics" is those standards or morals a person sets for himself or herself regarding what is good and bad and right and wrong. If something is "ethical"‚ it does not necessarily mean that it is legal‚ and vice-versa. This is partially because ethics are "subjective" – that is‚ each person’s ethics are unique to that individual. For example‚ Sally‚ who works at Becker’s‚ may give a carton of milk to a young
Premium 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
What is Business Ethics? Business ethics is exactly the same as normal ethics‚ and that knows what is right or wrong‚ and learning what is right and what is wrong in a business environment. Then doing the right thing‚ but "the right thing" is not as straightforward as explained in many business ethics books. Most ethical dilemmas in the workplace are not simply a matter of "Should she steal from him?" or "Should he lie to his boss?" Businesses cannot function without ethics‚ why? Society dictates
Premium Ethics Business ethics