AND SOCIAL ENVIRONMENT OF BUSINESS ETHICAL DILEMMAS Ethics is an essential component of all situations and decisions of life‚ whether personal or professional. Ethics defines itself as‚ a systemized set of generally accepted standards or moral values and also the academic study of such belief systems (Massey stream glossary). Ethics can further be divided into various categories depending on the issues and aspects of each respective case. An ethical dimension of business decision-making has been
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Nike: A Multinational Company in China Nike is one of the largest athletic shoe brands in the world and sells millions of shoes and clothing each year. The company was founded on January 25‚ 1964 by a University of Oregon track athlete Philip Knight and his coach Bill Bowermanas. It was first named Blue Ribbon Sports and it officially became Nike‚ Inc. on May 30‚ 1978 (Nike). As a multinational company‚ it operates retail stores domestically and overseas and all of the products it sells are manufactured
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are the advantages and disadvantages of ethical behavior in business?” Nowadays the concept of ethical behavior in business ethics is one of the most debatable issues in the world’s business community. Why? Just because there is a global division of business people on who are completely blinded by the word “money” (their number increases with each year) and who not. Each of these two groups of people has certainly own truth. For the first group any business activity is just the activity that must
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It is already mentioned above about some factors that caused the decline of Multinational Corporation‚ and here is the explanation of those factors: • Technical-Efficiency Forces The Technical-Efficiency Forces has two possibilities First‚ the decline of the corporation came from its inabilities to achieve and to maintain economic efficiencies in market transactions. When the economic environments no longer support efficient operations of the corporation‚ it can find other ecological slots or reduce
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DISSERTATION PROPOSAL 4 TITLE Is Ethical Behaviour in Business Just a Contradiction in Terms? OUTLINE Business ethics is the study of business situations‚ activities and decisions where issues of right and wrong are addressed (Crane & Matten 2004). The words “right” and “wrong” refer to morally right or wrong‚ moreover “business” refers to commercial businesses‚ government organisations and even not-for-profit businesses. Business ethics is a highly controversial area subject area‚
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Ethics Awareness Inventory Analysis: Obligation According to the Ethics Awareness Inventory [EAI] (Williams Institute for Ethics and Management [WIEM]‚ 2003)‚ "[My] ethical perspective is most likely to be based on obligation‚ and least likely to be based on equity." In this paper‚ I will apply the results of this inventory to my personal and professional development‚ explaining how my educational experience has shaped my ethical thinking‚ addressing my use of ethics in thinking and decision-making
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LEGAL‚ ETHICAL AND REGULATORY ISSUES IN E-BUSINESS Legal‚ Ethical and Regulatory Issues in E-Business Jim Long University of Phoenix EBUS 400 Dr. Brian Shaw January 07‚ 2008 Legal‚ Ethical and Regulatory Issues in E-Business When starting any type of business‚ there are several issues that a new businessperson must pay attention to if he or she hopes to make their new business a successful one. This is even truer if the business being started happens to be an e-business. The businessperson
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A part (d) model answer Case study- a multinational company Name a multinational company and one country where it operates Nike‚ Vietnam‚ Southern Asia Explain how the MNC affects local people and the economy of that country. Use at least three developed ideas. Nike is the World’s leading supplier of sportswear. It has many factories in Asia‚ including 24 in Vietnam. It has a major impact on both the Vietnamese people and its economy. Thousands of jobs are created for local people which means
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CAUSES OF EXTINGUISHMENT OF OBLIGATION 1. Payment or performance 2. Loss of the thing due 3. Condonation or remission of the debt 4. Confusion or merger of rights of creditor and debtor 5. Compensation 6. Novation I - PAYMENT OR PERFORMANCE PAYMENT means not only the delivery of money but also the performance‚ in any other manner of an obligation. How must the payment be made? 1. There must be delivery of the thing or rendition of the service that was contemplated. a. The debtor of a thing cannot
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COMPENSATION MANAGEMENT Compensation is a key factor in attracting and keeping the best employees and ensuring that organization has the competitive edge in an increasingly competitive world. The Compensation Management component enables one to differentiate between one’s remuneration strategies and those of his competitors while still allowing flexibility‚ control and cost effectiveness. It provides a toolset for strategic remuneration planning that reflects organization culture and pay strategies
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