Business Ethics (BUS 560) Module 2 Check Your Understanding: 1. Consider the functional departments reviewed in chapter 3. Which department do you think faces the greatest number of ethical challenges? Why? I think human resource department faces the maximum number of ethical challenges. The human resources function within an organization should ideally be directly involved in the relationship between the company and the employee throughout that employee’s contract with the company.
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Examine the key ideas of Situation Ethics (21 marks) Situation ethics is the idea that people should base moral decisions on what is the most loving thing to do. It emerged as an alternative approach to Christian ethics in the 1960s‚ although its Christian ethos is vital for understanding the theory. It is most commonly associated with Joseph Fletcher and Robinson and it surfaced at a time when society and the Church were facing drastic and permanent change. Women occupied an increasingly prominent
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1. McDonald’s approach to environmental sustainability: McDonald’s mission is to be the UK’s favourite family restaurant and it believes that this involves protecting the environment at a local and global level. McDonald strives to ensure that its operations today do not have a negative impact on the lives of future generations. McDonald’s goal is to achieve continuous environmental improvement. It complies with all current legislation and ‚ where possible‚ act in anticipation of future environmental
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Running Head: BUSINESS PROBLEM PAPER AND PRESENTATION Business Problem Paper and Presentation University of Phoenix MBA 510 - Managerial Decision Making Professor Daniel A. Puente University of Phoenix Faculty Due April 28‚ 2008 Business Problem Paper and Presentation In the following pages‚ discussion will take place on the Wal-Mart Corporation‚ more specifically issues that have arisen with employee retention within the company. This work will illustrate both statistically and comprehensively
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best-loved search engine owes its success to supreme technology and a simple rule: Don’t be evil! The ethical policies and behaviour of Google can be understood better by analysing the four spheres of responsibilities. The analysis will aim at understanding the various dimensions of the ethical dilemmas faced by Google Inc‚ its founders Sergey Brin and Larry Page and other top executives. Personal Ethical Values A BBC New Article [1] describes Google founders Larry Page and Sergey Brin as "the type
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company by the name of Toyota was recently experiencing mechanical issues with some of their vehicles and there have been major fatalities cause by it. Toyota is trying to recall the models that are causing the problems‚ however‚ there are too many to recall and it will cost millions of dollars to fix the problem. Having a successful company requires that you practice and have good business ethics also. Toyota business ethics have come into question over its lack of concern for the safety of the
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Is there ethics in business world? Neal Stoughton‚ a prominent finance professor‚ claims that there is no ethics in business world and it is not necessary at all to learn ethics in business school. We may find some theories or practices in support of this idea. For example‚ Adam Smith conceived the concept of "invisible hand" which describe individuals maximize their own interest in a free market can bring benefits to the whole society. I think Professor Stoughton’s assertion is partially correct
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10:43 AM Page 260 CHAPTER OBJECTIVES ◆ CHAPTER 10 Business Ethics in a Global Economy CHAPTER OUTLINE Ethical Perceptions and International Business Culture as a Factor in Business Adapting Ethical Systems to a Global Framework Global Values The Multinational Corporation Sexual and Racial Discrimination Human Rights Price Discrimination Bribery Harmful Products Pollution and the Natural Environment Telecommunications Issues Intellectual-Property Protection World Trade Organization
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M1 Selling goods & services The most way of payment in the internet is by paying through credit card. The business website could be hacked by cyber-hacker and he could steal the credit card numbers of the customers of the business. How to solve the problem? The company should make sure that their system is protected and safe from any viruses‚ so the company must install anti-virus software and do regular update for it to ensure that their system is safe well. Also the company should always make
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Question number 8 : Do you think an organization should adhere to different philosophies of corporate social responsibilities when confronted with different issues‚ or should its philosophy always remain the same? Explain. Answer : YES ! An organization should adhere to different philosophies of corporate responsibility when it comes to the different issues of the company because from the word itself different issues‚ it means that the company should not only focus on one philosophy‚ instead they
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