Journal of Business & Economics Research – November 2006 Volume 4‚ Number 11 Building Customer Value And Profitability With Business Ethics Robert C. McMurrian‚ University of Tampa Erika Matulich‚ University of Tampa ABSTRACT Firms assume ethical business practices only add costs to the firm. However‚ business ethics actually add value for customers and result in increased profitability and performance for the firm. INTRODUCTION D ue to constantly changing competitive environments
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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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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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Business Ethics across Cultures Article Review Paula Plattner XMGT/216 June 23‚ 2013 Swinton Hudson Business Ethics across Cultures Article Review The idea of globalized business ethics is an interesting idea‚ however what is considered ethical or moral in one culture‚ may not be if importance in another. The following paper looks at two different articles that appeared in the Journal of Business Ethics for two very different countries. The first article is Business Ethics in Canada: Distinctiveness
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The Malaysian Business Code of Ethics (Rukuniaga) Introduction The Malaysian Business Code of Ethics is based on the religions‚ philosophical and cultural values of Malaysian. It was undertaken by national Consumer’s Protection Consultative Council and Ministry of Domestic Trade and Consumer Affairs to develop self regulation among traders in Malaysia. Objective The Malaysian Business Code of Ethics was formulated with the objective of: - * Preparing the main principles to be applied by Malaysian
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Business and Ethics on a Global Scale In a business sense the world is shrinking at a fast pace. With each passing day the global marketplace is becoming more appealing and more accessible. Although business may bring people together‚ culture is a dividing line that needs to be addressed in a thoughtful manner. When dealing business in other cultures it is important to keep traditions and differences in mind. Potential clients may have different perspectives as to what is ethical and what
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Business Environment Business Environment TABLE OF CONTENTS INTRODUCTION: EXECUTIVE SUMMARY 3 RATIONALE OF THE PROJECT 3 MAIN OBJECTIVE: 3 METHODOLOGY 3 THE ENRON STORY: BRIEF 4 HOW AND WHAT TYPE OF FRAUDS WERE COMMITTED? 5 THE ROLE OF STOCK OPTIONS 5 THE USE OF OFF-BALANCE SHEET PARTNERSHIPS 5 Example: LJM 5 Chewco 6 LOBBYING 6 ACCOUNTING PRACTICES 6 DIFFERENT ETHICAL DIMENSIONS 7 SOCIAL DIMENSION 8 AFFECTS ON EMPLOYEES AND SHAREHOLDERS 8 ENRON INDIA 8 AGGRESSIVE
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BUSINESS ETHICS & CORPORATE GOVERNANCE BUSINESS ETHICS Distinguishing: • Ethics • Ethics in Business • Business Ethics • Governance • Corporate Governance • Good Corporate Governance In brief: • Ethics: code of conduct for personal behaviour. • Ethics in Business: Applying personal ethics into business. • Business Ethics: Ethics of business‚ what is good & bad‚ right or wrong for business. • Governance: Methods and practices
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Ethics and Morals of the Business World Have you ever considered the ethics and morals of the business world? Unethical business practices have caused consumers to lose money and have led to economic crisis. In order for our society to prosper in the business world today‚ high-quality ethics and morals are essential. Ethics is the interactive study of moral obligations involving right versus wrong‚ which helps to give business credibility; thus determining whether it will be a success or failure
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M1 - Compare the purposes of the different documents used in the selection and recruitment process In this report I will compare the purposes of all different recruitment resources documents used in the selection and recruitment process for a given organisation. Job Specification What the job involves This allows the candidate to fully understand what the job role involves before apply for the job. It allows candidates to figure out if they’re suitable for the requirements which the organisation
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