important it is to avoid the appearance of impropriety in business: The priority is that all of us continue to zealously guard Berkshire’s reputation. We can’t be perfect but we can try to be. As I’ve said in these memos for more than 25 years: We can afford to lose money – even a lot of money. But we can’t afford to lose reputation – even a shred of reputation. (Ovide‚ 2011). Berkshire Hathaway is a holding company; they own interest in companies as varied as Geico and GM to HH Brown Shoe Company
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should care. For instance‚ "organizations may be interested in being ethical in order to avoid criminal liability or a bad reputation or because they believe is the right thing to do."(pg.23) A lot of times unethical business decisions can cause employers and companies to lose their reputation. So after they lose their reputation it will take them a long time to get their reputation back. As a result they’ll lose business because people won’t trust them. Therefore‚ a company will have to try hard to
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case‚ Carter Racing has to make a decision about whether or not to participate in a race with the knowledge that they have been experiencing a 29% engine failure rate. Carter Racing is a relatively new team‚ so they have not yet established a firm reputation. The mechanic thinks that temperature is the cause of failure‚ but that theory has been questioned by another of the racing team’s engineering staff. If they race and win‚ they could receive a $1‚000‚000 sponsorship from Goodstone Tires for the
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black or white. Atticus has a good reputation in Maycomb County. Bob Ewell on the other hand‚ He has no job‚ and gets his money off county cheques. None of That money the kids ever see because Bob then goes and buys alcohol with it‚ leave them for 2 days and gets drunk. Bob does not pay much if any attention to his kids. He also thinks that African American people should be lower than white people‚ and not treated like a normal person. Bob has a bad reputation in Maycomb County. To sum
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Jane Austen was just twenty-one years old when she wrote Pride and Prejudice‚ widely considered her tour de force. Austen was born in England in the 18th century during the romantic time period. The romantics strongly believed in imagination over reason‚ the opposite of the neoclassicists‚ who believe in reason over emotion. Even though she was born in the romantic period‚ Austen was a neoclassicist and Pride and Prejudice was written based on the neoclassicist views. After the publishing of Pride
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many good deeds to build a good reputation‚ and only one bad one to lose it.” (Ben Franklin). Goldman Sachs was the most prestigious investment bank with over one hundred years of good business history and on September 21st‚ 2008 it reorganized itself as a bank holding company. As a bank holding company‚ it engaged in global investment management‚ investment banking‚ securities‚ and other financial services. An unfortunate series of scandals had put its good reputation in a downward spiral. Goldman
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class‚ we had the great opportunity to read four amazing books. The books we read were Beowulf‚ Othello‚ Macbeth‚ and Pygmalion. Each book we read had a moral that can be used in today’s society. The book titled Beowulf highlighted loyalty‚ bravery‚ reputation‚ and desire to fight against evil. In the book Othello‚ the moral of the story was don’t allow manipulation and jealousy to control your life. From reading Macbeth you will find the moral of the story was ambition and power are two powerful traits
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responsibility 4. The economic model of corporate social responsibility 5. The philanthropic model of corporate social responsibility 6. The social web model of corporate social responsibility 7. The integrative model of corporate social responsibility 8. Reputation management 9. Does corporate social responsibility is good for business Open decision point: Walmart’s Ethics Walmart provide economic benefits to shareholder‚ consumer‚ supplier‚ employee and communities. Walmart foundation provide fund to
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and mergers started to occur‚ their promise and commitment to their shareholders would come under question. BP’s reputation suffered because of their lack of performance‚ ethical problems‚ and their lack of innovation and sustainability. While BP has taken steps in the right direction to fix its reputation it is far from being done. This paper will show that to fix the company’s reputation they will need to enforce their new ethics policy from the top down and build shareholder trust again. They will
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Public Relations chapter 4 Public opinion is an elusive and fragile commodity. It can take years to build credibility and nurture trust‚ but only minutes to destroy it. Individuals and companies in the public eye cannot afford to tarnish their reputations. The best public relations campaign can’t build trust when reality is destroying it. In the 21st century‚ public opinion is a combustible and changing commodity. It is difficult to move people toward a strong opinion on anything‚ and harder yet
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