Corruption‚ violence‚ fueling terrorist organizations‚ unstable regimes‚ ransom‚ and security concerns are common issues faced not just by multinational corporations but also the citizens of many developing nations. Some people blame poverty as a reason‚ some people blame political instability and some people point the finger at the hunger for power for some of these issues that many third world nations are facing. How can people cope with such situations? How can the executives of companies and
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The quality of having experience‚ knowledge‚ and good judgement. These virtues‚ otherwise known as wisdom‚ are things people value. Based on my reading of Cicero on Obligations‚ the people of Rome placed great emphasis upon wisdom on a social‚ economic‚ and political level. In Ancient Rome‚ these three aspects are more cohesive than we’ve seen in any other ancient civilization. For the first time‚ we saw a direct correlation between social status and economics. Due to these two aspects being so closely
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Ziyin Zhou PHL 248 4/19/2015 Deontology ----- A Better Ethical Theory in Business World When it comes to talk about the ethical theories applying to the business world‚ deontology and utilitarianism are the two most debatable ethical theories that people may discuss. A majority of people may think that utilitarianism is more useful for understanding and addressing ethical issues in business since it focuses on the outcomes of every action. However‚ for me‚ I am a big supporter of deontology
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1 Ethical and Moral Issues in Business Earl Diasanta‚ Mgt/216 Date: Professor: While ethics refers to understanding and adopting moral values such as code of conduct‚ morals are the beliefs of individuals determining what is right and wrong in behavior. Although organizations may have set rules to standardize a working environment‚ individuals may follow standard procedures while the morality solely lies in individual behavior. While groups and organizations may provide values of establishment
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References: Dennis R. B.‚ & Randall S. S. & Lisbeth C. (2009). International Human Resource Management: Policies and Practices for Multinational Enterprises‚ Third Edition. Routledge‚ Taylor & Francis Group Ltd. ISBN 0203866967
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Helping people in need a supererogation or an obligation People in poor nations are starving to death when we are enjoying our delicious meal with our friends and family. There are various governmental aid-projects and privately run charities which are responsible for delivering donations from the relatively wealthy nations to the nations in need. I believe it is a morally right thing to help the people in need‚ but not every one of us would make donations regularly. Peter Singer uses the drowning
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Ethical Perspective Ethical perspectives and styles vary among individuals. All types of ethical decisions‚ personal and business‚ are based on individual ethical perspectives and styles. The four prominent categories of ethical philosophy consist of character/virtue‚ obligation/deontology‚ results/utilitarianism‚ and equity/relativism. These ethical perspectives‚ when assessed correctly‚ can provide insight into general views and approaches used in making personal and business decisions. Character
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Oliver Wendell Holmes Jr. Holmes saw the legal obligation as a prediction that sanctions were likely to be visited upon someone not following a course of conduct. Accordingly‚ Holmes saw a contractual obligation as the obligation to pay damages in case of breach. But doesn’t this put the cart before the horse? He inspired the American realist movement with a jurisprudential theory based on the need to ‘think things‚ not words’. The examination of facts must dominate legal investigation. The object
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AB0603 Business Gone Green Ethical Reasoning Assignment Summary Page | Your name: Chia Xinying | Your Instructor: Dr. Josephine Lang | Seminar Group: 01 Word Count: 1095 | Briefly lay out‚ in bulleted-form in the space provided within this page (i.e.‚ do not elaborate)‚ the content of your write-up in addressing the various criteria in the ethical reasoning rubric. | Criteria | Your points | 1. Specify the ethical issue identified
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Assess the global role and local impact of multinational companies. A multinational company is often defined as a corporation whose operations and investments are broaden across a number of countries. They are also referred to as transnational companies. Therefore given this definition it would be expected that if a company operates over such a large territory that it would indeed have many effects and impacts‚ locally and globally‚ and its role would also be quite significant as it can have a direct
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