Chapter 2 Literature Review Introduction Ethics in business has been asserted to be the most important problem facing American companies today. The issue of unethical behavior has recently become the focus of media attention in wake of scandals in companies such as Enron‚ WorldCom‚ and Tyco International. (Chen and Tang‚ 2006). The organization is one of the biggest influences on ethics in the work place. Organizations do affect ethical behaviors. One of the main sources that affect
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Unethical Recruitment Wal-Mart vs. Target Ethics is a very crucial part in businesses especially when it comes to the Human Resource department to recruit ethically. Ethics seeks to address questions about morality‚ different concepts of what is good and bad‚ right and wrong‚ justice‚ and virtue. (Hirsch‚ 2010‚ p.33) Many people associate ethics with their feelings‚ religion‚ laws and cultural society but on the contrary ethics is not a matter of one’s feelings nor is it based on religion
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Assignment 2: Unethical Advertising Dupree Clark B6003: Ethics in Business Argosy University Professor Marla Brady February 11‚ 2013 To: Harris CC: Human Resource Department Subject: Advertisement Campaign Promoting Bait and switch is a dishonest marketing tactic in which a marketer advertises a very attractive price/rate/term that is really a teaser rate meant to attract customers. One good example of bait and switch is in the mortgage market. In a mortgage bait and switch an agent
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TECHNICAL NOTES Unethical Practices in Nigerian Engineering Industries: Complications for Project Management O. E. Alutu1 and M. L. Udhawuve2 Abstract: The purpose of the paper is to establish the unethical practices in engineering industries and identify the various factors that could encourage unethical practices in the nation’s life with a view to highlighting the findings for corruption-free management of projects. A sample of 226 was randomly selected for the study from a population of 12
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food industry‚ diversifying the market by challenging the established dominance of the hamburger. By branding himself as "Colonel Sanders‚" Harland became a prominent figure of American cultural history‚ and his image remains widely used in KFC advertising. However‚ the company’s rapid expansion saw it overwhelm the ageing Sanders‚ and in 1964 he sold the company to a group of investors led by John Y. Brown‚ Jr. and Jack C. Massey. KFC was one of the first fast food chains to expand internationally
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Rationalizing Unethical Behavior N. Strawbridge PHL/323 November 4‚ 2014 P. Reynolds Introduction Classical economic philosophies suggest that man is egotistical and focused on satisfying his own needs. When people encounter difficult ethical challenges they often solicit the question‚ "What should I do?" It is naïve to assume that everyone retains a strong moral compass and does the ’right thing ’ even in small situations. Pinching a little piece of the pie‚ bending a rule once in a while‚ occasionally
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The Perfect Storm of Leaders’ Unethical Behavior: A Conceptual Framework Diane J. Chandler Regent University School of Divinity‚ United States Unethical behavior of leaders has consequences for leaders themselves‚ followers‚ and their respective organizations. After defining relevant terms including ethics‚ morality‚ and ethical and unethical leadership‚ a conceptual framework for the unethical behavior of leaders is proposed‚ which includes the three “perfect storm” dimensions of leaders‚ followers
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or legal fundamentals are breached or blatantly disregarded. Ethics is a strong code of morality‚ which for an occupation such as banking‚ plays an important role in the well being of individuals‚ businesses‚ national and international economies. Unethical conduct manifests itself in various ways‚ including insider abuse‚ fraudulent dealings; irregularity/inaccuracy in rendition of reports‚ these are problems bordering on business ethics as evident in the Nigerian banking crisis. A multiple regression
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Enron’s collapse was the result of unethical practices; alas‚ such practices had a long‚ ignominious presence. The Enron story begins with CEO Kenneth Lay‚ who in 1986 combined his Houston Natural Gas company with several other entities. Until 1996‚ Enron primarily sold natural gas. Yet‚ in a sign of trouble to come‚ in 1987 Lay overlooked evidence of financial misdeeds in the company’s Valhalla‚ NY unit as executives Louis Bourget and Thomas Mastroeni greatly inflated profits while embezzling
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UNETHICAL COMPANIES 1) MONSANTO CO. The Missouri based agricultural company has been named world’s most unethical company. The company leads the world’s production of genetically modified foods. Monsanto is infamous for unfairly suing farmers who try to grow foods both ethically and organically. If the lawsuit is not ruled in Monsanto’s favour‚ they still achieve their desired results as the small-scale farms become bankrupt due to legal costs. The company is also the creator of the highly poisonous
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