Summary Case : “Ethics : A Basic Framework” Business ethics are basic moral principles that guide both people and companies behaviour in business world. Ethics in business are important because it has important implication for company’s function as an organization‚ ability to manage risk‚ and company reputation in marketplace. Ethcis become important in make company reputation because market participants are often make ethcial judgement about the company and some will even be rewarded or punished
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to protect the company from a law suit I thought it was best to let him go as well. It was more important for me to think of what would be best for the company as a whole using Utilitarian ethics which focuses on the greater good for the greatest number of people in the company as well as Consequentialist Ethics which focuses on the consequences of a decision or action. I had to think about how other employee’s would react if this situation was taken lightly‚ as
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Utilitarianism‚ Kantian Ethics‚ Natural Rights Theories‚ and Religious Ethics A “utilitarian” argument‚ in the strict sense‚ is one what alleges that we ought to do something because it will produce more total happiness than doing anything else would. Act utilitarianism (AU) is the moral theory that holds that the morally right action‚ the act that we have a moral duty to do‚ is the one that will (probably) maximize “utility” (happiness‚ welfare‚ well-being). AU is not to be confused with egoism
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Reason why people give up on ethics Self-interest sometimes morphs into greed and selfishness‚ which is unchecked self-interest at the expense of someone else. This greed becomes a kind of accumulation fever. “If you accumulate for the sake of accumulation‚ accumulation becomes the end‚ and if accumulation is the end‚ there’s no place to stop‚” he said. The focus shifts from the long-term to the short-term‚ with a big emphasis on profit maximization. For example‚ swaps (where two communication
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1994). The virtual team represents an important example of these new organizational forms (Jarvenpaa and Ives‚ 1994). Virtual teams are groups of geographically‚ temporally‚ and/or organizationally dispersed knowledge workers brought together across time and space by way of information and communication technologies (DeSanctis and Poole‚ 1997; Jarvenpaa and Leidner‚ 1999; Lipnack and Stamps‚ 1997; Townsend et al.‚ 1998). We limit our investigation to a class of virtual teams that has recently garnered
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a. Strengths of the analysis include the idea that talking about ethical issues is important‚and that the analysis suggests avenues for improving ethics education. The weaknesses primarily cited by students included the “idealistic” nature of the discussion. Onecommon theme emerged‚ which is that frauds and unethical behavior occurred long before formal business school education. Students often cited this fact as anunaddressed weakness in Professor Waddock’s analysis. b. The average level of moral
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Sommers suggested the teachers to teach their students individual virtues as they are further away from their morality. Striking changes have taken place from the more directive teaching of right and wrong‚ by study and example‚ to situation ethics‚ dilemma ethics and other approaches that rationally dissect moral acts. The set of approaches imply that there are no moral absolutes to uphold. Sommers feels that if students are taught that way they can lose a sense of moral direction and not take
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an effective and productive team. The application of the information contained herein is applicable to both team leaders and team members. The author has found that when using these tips the team experience is much more productive and certainly much more positive. Building a High Performance Team Through Structure and Communication The term team has become common in the workplace. Now that the world lives‚ breathes‚ eats‚ and works in a global economy‚ teams are necessary now more than
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that we could accept as universal laws – that is‚ rules we would be willing for everyone to follow in all circumstances. (Ruggeiro. V.R. ‚2011) 2.0 What Is a Virtue? The first systematic description of virtue ethics was written down by Aristotle in his famous work Nichomachean Ethics. Aristotle said that a virtue is a trait of character manifested in habitual action. The word “habitual” here is important. The virtue of honesty‚ for example‚ is not possessed by someone who tells the truth only
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appropriate. I am aware of the penalties for plagiarism. Date: 07/04/2014 Official Stamp Contents TOC \o "1-3" \h \z \u INTRODUCTION PAGEREF _Toc384631687 \h 2ENTREPRENEURIAL TEAMS PAGEREF _Toc384631688 \h 2ENTREPRENEURIAL TEAMS AND VENTURE PERFORMANCE PAGEREF _Toc384631689 \h 3THE EXPLANATION OF ENTREPRENEURIAL TEAM EFFECTIVENESS PAGEREF _Toc384631690 \h 3Environment. PAGEREF _Toc384631691 \h 4Communication. PAGEREF _Toc384631692 \h 5Team composition. PAGEREF _Toc384631693 \h 5Demography. PAGEREF
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