Do most companies have an obligation to create and enforce a code of ethics? Explain why or why not. What are some specific code of ethics mentioned in the text and readings? Most companies are not obligated to create and enforce a code of ethics but it is in the best interest of the company that they do. Companies are not obligated simply because it is up to them how they enforce rules of the company. According to the text “Most professional organizations have detailed codes of conduct that specify
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Forms of financial support for enterprise Entrepreneurial finance is an important issue in business. This article is devoted to the issue of financing of business. There are many forms and methods of financing the enterprise: for this purpose may be used the issue of shares‚ loans‚ leases financing‚ mortgages‚ etc. Each of the used form of financing has certain advantages and disadvantages. Therefore‚ in any investment project should be a thorough assessment of the effects of using different
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What would make business people behave more ethical? It seems unavoidable these days that it is all about dot com or tech company going through downsizing or layoff due to economy hard times‚ evolving business climate‚ product profitability and operation cost decision. Although corporate downsizing is an existing and accepted management tool but the morality is still in doubt. Sadly‚ most of the time it is unclear at the worker level why he or she is being terminated at an already profitable
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vanity no one would enter a profession so contrary to our natural appetites" (van de Lagemaat‚ 2005 p. 242). Some scientist are concerned as the next person with their social status and public recognition‚ the astronomer Edwin Hubble (1889-1953) was so anxious to get the Nobel Prize that he even employed a public relations expert
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Understanding‚ acceptance‚ and application of ethics are important to individuals and groups for several reasons. Ethics are our basic beliefs‚ and they come into play constantly. Many times we are using our personal Ethics and we are not even aware of it. Acceptance of ethics is important to individuals and groups because it allows for constructive criticism‚ and it helps avoid and resolve conflicts. In groups it is very important for ethics to be accepted because it will give a common ground
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China’s Private Enterprises in Africa and the Implications for African Development Dr Jing GU Institute of Development Studies Email: j.gu@ids.ac.uk European Journal of Development Research Special Issue‚ Vol. 24‚ No. 1‚ 2009 (Forthcoming) 1 China’s Private Enterprises in Africa and the Implications for African Development This paper evaluates the growing presence of China’s private business sector in Africa. Currently‚ attention focuses on China’s state-owned enterprises in extractive
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Institutionalizing Ethics Business ethics are increasingly addressed in seminars and at conferences. Managers‚ especially top managers do have a responsibility to create an organizational environment that fosters ethical decision making by institutionalizing ethics. This means applying and integrating ethical concepts with daily actions. This can be accomplished in three ways: * by establishing an appropriate company policy or a code of ethics‚ * by using a formally appointed ethics committee‚
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Police Accountability Imagine yourself walking down the street in the evening‚ to go to the store. After you collect your items you then leave. On your walk home‚ you see an officer speed up‚ pull over and get out of the car. They have a weapon of their choice pointed at you. They demand you put your hands up and get on the ground. Confused and scared‚ you do as they say. They grab your things and throw them at a distance and pat you down. Still confused‚ you say nothing. Suddenly‚ someone on the
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Marvilla‚ Monale A. I basically like Ethics as an academic subject because it’s a supplementary learning aid to what’s supposed to be known (at heart) by everyone without the needs of having it taught at educational facilities and the like. Why? Humans are created with basic innate goodness within them; that is to say: it’s an automatic act to avoid what is evil and yearn what is good; able to distinguish between good and evil‚ right or wrong‚ moral and immoral‚ and is accountable for the self’s
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Potential sources of bias in heuristics Misplaced loyalty Obedience to authority and susceptibility to peer pressure. The desire to fit into an organization‚ to be a team player‚ to get along with co-employees‚ people are more likely to undertake unethical actions in the workplace and elsewhere if peers are engaging in similar behaviour. Overoptimism and overconfidence People tend to rate themselves as well above average in most traits‚ including honesty. Businesspeople tend to believe that
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