Ethics of Profit‚ Part 3: The Profit Motive Posted March 29‚ 2011 Filed under: character‚ competition‚ corporations‚ decision-making‚ ethics‚ finance‚profits‚ white collar crime | This is the third in a 3-part series on the ethics of profit. (See also Part 1 and Part 2.) As mentioned in previous postings‚ we should distinguish between our ethical evaluation of profit per se (which‚ after all‚ just means financial “gain”)‚ and our ethical evaluation of the profit motive. After all‚ I don’t worry
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Ethics are the moral principles that govern a person or group’s behavior‚ according to the dictionary definition. However when our ethics are challenged do we still stick to our morals or break them? Ethics are not something that is set in stone that must be followed; if the time comes to it most people will break ethics. On the other hand in the argument of persuasion versus ethics; persuading someone to test his or her code of ethics is not as easy as some think. Persuasion is hard to do‚ yet can
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Advances In Management ;; Vol. 5 (3) Mar. (2012) Aspects of International Business Ethics Mahoney James F. Managing Director‚ The Paragon Group. Managing Director‚ 2476 N Beechwood Ave‚ Rialto‚ California‚ USA theparagongroup@roadrunner.com Abstract This paper is an analytical examination of the ethical problems posed by the practice of international business in light of key ethical philosophies and considering the diversity existing in our world. Special attention is give to the SA 8000
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Stakeholders Key stakeholders can either have a positive or negative effect towards a business‚ or who are important to an organisation. Examples of key stakeholders may be funders‚ government‚ head of businesses and other community figures. Customers: The customers are external stakeholders and they want the most they can get out of the business (in this case - school they have chosen to go to). As a business the customers want to see improvements in the organisation; for example improvements
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As a Certified General Accountant (CGA)‚ ethics are a fundamental requirement. CGAs affect the welfare of their clients and also the wider stakeholder-society. It is crucial to work in accordance with the six CGA Canada Code of Ethical Principles. Fraud and negligence do occur however and they have negative implications on the professional‚ the client‚ the professional body‚ and society as a whole. For example‚ in the case of Kelley Lynch‚ she was trusted by her client‚ Leonard Cohen‚ to work responsibly
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Can there be an ethics of care? There is proof of two ethical perceptions one‚ men tend to engage the justice perspective‚ and women more frequently employ the care perspective. Up-to-date attention to the “care ethics” viewpoint has given upsurge to the ethics of care. Peter Allmark the author of “can there be an ethics of care” states that the notion of ethics base on care‚ for instance from the nursing profession‚ promoting an approach to ethics based on care. Is laughable. Allmark suggest that
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the company and its stakeholders. Descriptive ethics Throughout Enron‚ the loyalty principle and behaviour were misleading. This is shown through the fraud of the financial stakeholders. The executives were always looking towards what is morally right for the business. ’Management has the obligation to not harm particular stakeholder interest from a moral point of view’ (Refik Culpan & John Trussel 2005) but this was soon demoralised as the loyalty of Enron and its stakeholders were using the businesses
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Identify The issues at stake: The issue at stake is whether or not to continue treating Tom‚ even though he cannot pay for services; he has offered labor in lieu of payment. The stakeholders: Tom‚ Me‚ my agency‚ The social work profession Stake for each: Tom is struggling and needs therapy. I feel guilt for turning him away. My agency would not benefit from Tom’s labor. The social work profession may suffer a bad reputation in consequence of my actions. Options for action: I could treat Tom and
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Is Business Ethics an Oxymoron Goal In this essay‚ I will strive to answer the question: “Is Business Ethics an Oxymoron? “ by digging deeper into the fundamental values of both legal and illegal business and morally evaluating them under the perspectives of Bentham/Mill (Utilitarianism)‚ Kantianism‚ Virtue Ethics and Christian Ethics. Outline In order to gain a better understanding of the aforementioned topic‚ I will aim in reviewing various forms of business‚ both legal and illegal and dig
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1. What is ethics? Ethics‚ also known as moral philosophy‚ is a branch of philosophy that involves systematizing‚ defending and recommending concepts of right and wrong conduct.[1] The term comes from the Greek word ethos‚ which means "character". 2. What is business ethics? Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It
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