country to another around the world you need to understand that as you change the culture you are surrounded by‚ the business and personal ethics also tend to change as well. Take Australia and Spain for example. Even though these two places have some businesses that travel around the world‚ they still have their own set of guidelines that help to decide what their business ethics will turn out to be. In Spain‚ businesses are all about personal contacts. A businessman in Spain will make sure that
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Business & Professional Ethics Notes Chapter 5: Corporate Ethical Governance & Accountability Modern Governance & Accountability Framework- To Shareholders & Other Stakeholders New Expectations- New Framework to Restore Credibility • A corporation’s reputation could be significantly affected by irritated stakeholders • Enron‚ Arthur Andersen‚ and WorldCom debacles showed the world the faults and vulnerabilities inherent in the old style shareholder-only governance and accountability model •
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Can business ethics be taught? Business Ethics can be defined as the study and evaluation of decision making by businesses according to moral concepts and judgments. Ethical issues range from a company’s obligation to be honest with its customers to a company’s responsibility to preserve the environment and protect employee rights. Ethics includes the need to produce a reasonable profit for the company’s shareholders with honesty in business practices‚ safety in the workplace‚ and larger environmental
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consequences (teleological ethics): Practical and already underlines business thinking. But difficult to evaluate all consequences‚ right of minorities can be sacrificed./Focus on duties‚ obligations‚ principles (deontological ethics): The means matter more than the ends‚ Decisions based on abstract universal principles such as honesty‚ fairness‚ rights. One person’s rights lead to another’s duty‚ Natural rights are inherent‚ universal‚ and inalienable/Focus on virtue (aretaic ethics): The assumption is
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Octopus and Privacy: Business Ethics Table of Content Introduction 3 The Objective 3 Research Methods 3 Background of the Company 3 Background of the Issue 5 Identification of Issue 7 Analysis of Issues 8 Recommendation 10 Conclusion 11 Appendix 12 List of Reference 12 Introduction Hong Kong has one of the most highly successful e-purse programs‚ the Octopus card. The Octopus card‚ which began in the niche transportation industry and extended outward to retailers‚ has been widely adopted
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Action Items 1. Review the assigned readings from the text and article by Carroll (1991). 2. Prepare a 3- to 5-page paper titled‚ Corporate Social Responsibility. 3. Reflect upon your text readings from Chapters 1 and 9 with a focus on the following core concepts: Organizational Social Responsibility (Chapters 1 and 9) The Ethical Decision-making Process (Chapter 1) Corporate Reputation (Chapter 9) The Corporate Social Responsibility Pyramid (Chapter 9) The Importance of Trust (Chapter 9)
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Essay on: The business ethics climate in Latin America Written by Florian H. International Business Semester 2013 Course: Business Ethics The business ethics climate in Latin America A problem for international companies‚ taking Peru as an example! The Spanish saying: “El que no tranza no avanza.” (One that doesn`t act unethical will not proceed)‚ unfortunately describes best the prevailing immoral way of doing business in the Latin American
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Business Ethics Case Study #1 Starbucks Starbucks is a business that has been around since 1971 serving a various amount of coffee for people all around the United States. This business started in the city of Seattle with getting port of coffee from around the world. Today they are international business getting in approximately $11 billion dollars a year. With this being said Starbucks is a very high pace‚ high traffic environment with all the stores giving a home feel to them so when you order
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6433ch10.qxd_lb 10/19/06 10:43 AM Page 260 CHAPTER OBJECTIVES ◆ CHAPTER 10 Business Ethics in a Global Economy CHAPTER OUTLINE Ethical Perceptions and International Business Culture as a Factor in Business Adapting Ethical Systems to a Global Framework Global Values The Multinational Corporation Sexual and Racial Discrimination Human Rights Price Discrimination Bribery Harmful Products Pollution and the Natural Environment Telecommunications Issues Intellectual-Property Protection World
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Introduction Hindustan Unilever Limited (HUL) is India’s largest Fast Moving Consumer Goods Company with a heritage of over 75 years in India and touches the lives of two out of three Indians. HUL works to create a better future every day and helps people feel good‚ look good and get more out of life with brands and services that are good for them and good for others. With over 35 brands spanning 20 distinct categories such as soaps‚ detergents‚ shampoos‚ skin care‚ toothpastes‚ deodorants‚ cosmetics
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