Assignment: Ethical and Socially Responsive Business Instructor: Prof. JOHN KELL Introduction to Business BUS 100 Suleyman Sal Denden March 16‚ 2014 Describe key areas of the selected company’s code of conduct that are of significant importance to the business‚ and explain why. The first question we should ask ourselves “what is ethics?” I think ethics are a collection of principles and practices that a business
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Ethical Behavior in Management and Business Ethics is the term we give to our concern for good behavior. Its human nature to not only is concerned with our own personal well being‚ but also that of others and of human society as a whole. Basically‚ treat others how you would like to be treated. Business ethics is very similar to normal every day ethics. It is related in a way that it involves being fully aware of what we’re doing including the complications and consequences of our actions. Being
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Resolving Ethical Business Challenges As a new employee at Acme Corporation‚ Frank Garcia knew few mistakes were allowed. He had sold medical supplies to Thermocare. Thermocare was a company Acme had been trying to do business with for a while. Otis Hillman‚ buyer for Thermocare‚ was happy with the products supplied by Acme. When Frank wanted to sell additional items to the company‚ Otis would question whether Acme was the right company for supplying products and would outright hint that he wanted
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1. What are the potential ethical issues faced by ACME Corp? Frank from ACME corp. is leveraging his personal relationship and offering bribes and kickbacks to Otis of Thermocare to increase purchase contracts. This could potentially be a large problem if Thermocare becomes aware of such practices. The purchase of product should be warranted w/ quality of products and price structures‚ not because it gets you tickets to baseball games and Cancun. If ACME is competitive‚ there is nothing
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ETHICAL DILEMMAS IN TODAYS BUSINESS Ethical Dilemmas in Today ’s Business Environment Rick Jones University of Maryland University College ADMN 630 December 18‚ 2002 It is almost impossible to pick up any American newspaper and avoid reading an article dealing with the unethical and possibly even illegal conduct of those who run our businesses. Whether it is insider stock manipulation‚ off balance sheet partnerships‚ questionable accounting practices‚ dumping of environmental contaminants
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ETHICAL ISSUES IN BUSINESS RESEARCH “Just as there are ethical aspects to all human interaction‚ there are some ethical questions about business research.” What are ETHICS? Such a question is a philosophical question. Philosophers do not generally agree as to the to the question but people’s rights and obligations are usually dictated by the norms of society. Societal norms are codes of behaviour adopted by a group; they suggest what a member of a group ought to do under given circumstances
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In the business world there is no place for dishonesty‚ arrogance or greed. People have to be held accountable; they are responsible for upholding ethical business practices. The old adage “Ignorance is no excuse” applies in business as well as personal lives. Corporate Leaders and CEO’s have to be held to a higher standard. Ethical behavior means to act in a way that is good and mutually beneficial for the individual and society (Mautner‚ 2005). This statement makes me wonder who decides what is
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right or wrong when a conflict arises‚ but it is our moral responsibility to resolve the dilemmas to the best of our ability. This paper is going to explore the topic of ethical decision-making and establish ground rules for the process and analyze possible ethical implications that may arise. What are the ground rules? Making an ethical decision‚ at times‚ can be extremely difficult‚ as emotions tend to hinder ones judgment. For example‚ if a husband came upon his wife being beat to death‚ his first
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Ethical and Moral Issues in Business MGT 216 April 4‚ 2012 Ethical and Moral Issues in Business Ethics and moral are not things that commonly cross a person’s mind‚ unless there is an ethical or moral issue. In ethical and moral issues‚ people begin to question the ethics and morals or the person or people in the middle of the questioning. This paper will define the differences between ethical and moral issues‚ the differences between personal and business ethics‚ and will provide examples
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Ethical and Moral Issues in Business MGT 216 April 16‚ 2012 Joseph Demark Ethical and Moral Issues in Business In an aggressive business world where employees are to carry‚ and conduct them self’s in a professional manner. The conduct from an employee can rate on several levels. There is a level of business ethics and morals‚ and a level within a person’s personal statute. Within a business there is a fine line between personal ethics and personal ethics. Even though personal ethics
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