ASSIGNMENT TITLE: RECENT CORPORATE SCANDALS PROVE THAT THE RESPONSIBILITY OF BUSINESS GOES BEYOND MAXIMISING PROFITS. DISCUSS NAME OF STUDENT: TANMUGAVALLI PILLAY VYTHELINGUM PROGRAMME: BSC(HONS) MANAGEMENT (MINOR: FINANCE) LEVEL: 4 NAME OF LECTURER: G. NAPAL MODULE NAME: BUSINESS ETHICS AND GOOD GOVERNANCE MODULE CODE: MGT 2067Y(3) TABLE OF CONTENTS INTRODUCTION Page 3 PROFIT MAXIMISATION
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dynamic environment and culture that leaders phase in all organizations. Jawarlal Nehru said “A leader or a man of action in a crisis almost always acts subconsciously and then thinks of the reasons for his action”. In this thesis I will like to point out two significant events that have changed my leadership style and will carry over not just to my military career but my personal life as well. The first crucible‚ that has helped to make me a better leader as a young battery commander I had with
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INTRODUCTION: Event generally refers to any happening or occurrence it means any thing significant happened. Event is a phenomenon‚ any observable or an extraordinary occurrence. Event is great way to let member know about upcoming conferences‚ concerts‚ parties etc. Events are of many kinds such as a birthday‚ a wedding‚ death of some one‚ or any other incident that has occurred. Events are not necessarily good and happening but they are bad too. Depending on their nature events effect our lives
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Outcomes: The Institute of Business Ethics defines business ethics as ‘the application of ethical values to business behaviour.’ As Aristotle recognised‚ ethics is not an ethereal abstraction but is a practical aid to business problem solving. This module takes ideas from a range of disciplines (including some of the greatest thinkers of all time) to help understand‚ analyse and resolve ethical dilemmas in management. There has been a growing interest in the ethics of business and what is generally referred
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The Legal Environment of Business Charles Belote Colorado State University Global Campus PLA 390 Portfolio Project MGT-320 Memorandum OUTLINE 1.0 Purpose 2.0 Introduction 3.0 Overview 4.0 Task 5.0 Corporate Governance Issues 5.1 Board of Directors 5.2 Shareholders 5.2.1 Implementation of Independent Auditors from Management 5.2.2 Setting up Effective Accounting Rules 5.3 Modern CEOs 6.0 The Role of Corporate Ethics 7.0 Recommended Policies to be Implemented
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Wal-Mart Unethical Business Practices - Wal-Mart‚ the big giant‚ the place where a lot of people usually do their shopping for the low prices and the variety of products were founded by Sam Walton. Walton was an entrepreneur with an innovative vision started his own company and made it into the leader in discount retailing that it is today. In fact‚ Wal-Mart is considered to be the biggest company in the U.S. and it has stores worldwide. According to PBS‚ “Wal-Mart employs more people than any
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Business ethics and CSR Introduction In the past time‚ the majority of enterprises regarded business ethics as internal regulations to comply with the rules of legal standards(Trevino and Nelson‚ 2010). However‚ the condition changes in modern times. Business ethics is more and more important to identify what it is right or wrong during the process of working or trading and so on(Wheelen and Hunger‚ 2011)‚ which is closely related to the interests of stakeholders. Under the background‚ many companies
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Business Ethics Some people say that ethics do not have anything to do with business. Others say that businesses have moral obligations that go beyond just functioning according the law and doing what is best for the company and its shareholders. Business ethics examines ethical principles‚ ethical problems and obligations that apply to people doing business. Companies have the obligation to ensure that their actions cause as little harm as possible to the environment‚ society and employees. It
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development programs and economic policies. Almost all the worlds countries are currently running their economies on capitalist inspired doctrines ‚this fact testifies to a great extent of the many advantages and viability of the system of capitalism . 1.2 Advantages of Capitalism 1.2.1 Cheaper and better products A capitalist economy operates in a “free market”‚ this is a requirement vital if capitalism is to thrive. A free market is characterized by Businesses which are governed by the laws of supply
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Amanda Hamilton November 30‚ 2010 The Importance of Ethics in Business Part of being a fair and effective manager is making good decisions. Knowing what is right is very important to personal and business ethics. However‚ doing what is right is critical to personal and business ethics. A strong unwavering commitment to your core values and guiding principles of your business or organization will lead to the right ethical decisions and actions. In the absence of these actions‚ all one has is
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