BUSINESS ETHICS Q.1 a) What are the legal issues involved in this case‚ and what are the moral issues? How are the two different kinds of issues different from each other‚ and how are they related to each other? Identify and distinguish the “systemic‚ corporate‚ and individuals” involved in this case. b) Analyze the ethics of marketing Publius using utilitarianism‚ rights‚ justice‚ and caring. In your judgment‚ it is ethical to market Publius? Explain. Q.2 a) Identify the behaviors
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Group had a joint venture agreement with Fonterra‚ which is a New Zealand famous dairy company. Fonterra had taken 43% equity stake in Sanlu Group and the majority 56% stake owned by the Shinjiazhuang Three Deers Limited. In 2009‚ Sanlu Group declared bankrupt by the court due to some unethical practices. Thus‚ the practices of an organization whether is ethically or unethically able to impact the future of the company and in the following part‚ we will indicate more on the ethical and unethical issues
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Determine the impact of this event on ARC’s “benefits of business ethics” (employee commitment‚ investor loyalty‚ customer satisfaction‚ and bottom line). A survey conducted by NBES indicated that 79 percent of employees agree that ethics is important in continuing to work for their employer while approximately 20 percent of employees are not concerned about the ethical environment of the organization. According to Ferrell & Faedrich (2010)‚ a commitment by the organization to goodwill and
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the Small Business Administration‚ new businesses have a 34 percent chance of failing within two years and half are not operating in four years. 60 percent of businesses fail in six years (Scarborough and Zimmerer 12). I know people do not set out to fail this statistics show that it does happen. What is business failure? John Watson and Jim E. Everett authors of "Do Small Businesses Have High Failure Rates"‚ say that experts tend not to agree what is the clear definition of business failure. Most
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Business Ethics – Assignment 1 1. The Sales Rep. A sales representative for a struggling computer supply firm has a chance to close a multimillion-dollar deal for an office system to be installed over a two-year period. The machines for the first delivery are in the company’s warehouse‚ but the remainder would have to be ordered from the manufacturer. Because the manufacturer is having difficulty meeting the heavy demand for the popular model‚ the sales representative is not sure that the subsequent
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MANAGEMENT ETHICS TUTORIAL 1 1. Advantages and disadvantages of ethics in business. [Apakah kebaikan dan keburukan mengamalkan etika dalam perniagaan?] Advantages Business ethics offer companies a competitive advantage. Consumers learn to trust ethical brands and remain loyal to them‚ even during difficult periods. In 1982‚ Johnson & Johnson spent over $100 million dollars recalling Tylenol‚ its best-selling product‚ after someone tampered with bottles of the painkiller. The company followed
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Business ethics is the conduct within companies and corporations deemed acceptable by society. Consumers rely on businesses to be honest in representing the products they sell in addition to use of economic resources. Due to the availability of electronic communications‚ consumers are now able to more closely monitor the activities of a company. Should a company’s behaviors be suspect‚ the information can be shared instantaneously. Acceptable conduct regarding business practices has evolved over
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suffered from heart attacks. The lawsuit claims that the company knew about the risk but did not disclose of them. The cause of GSK leadership to fail in preventing ethical issues related to integrity failures is the inability to hold true to their values of corporate social responsibility. Due to their allegations and class-action lawsuits against them‚ it appears that the leadership of GSK continues to act in unethical acts/behaviors. The company is facing allegations of “off-label” drug promotion
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Working For Large Companies Or Running Your Own Business Some people show special interest in working for a large company‚ while others are more willing to run their own business. Of course‚ every individual has his own opinion about the strengths and weakness when it comes to serving in a big firm or managing his own business. For me‚ my choice is to work for a large company. In a large company‚ I could own a step-by-step process from starting at an entry-level position to working myself up
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this essay would discuss on whether ethics is required or optional on business. On this essay it will analyse four ethics theory‚ namely Milton Friedman‚ R. Edward Freeman‚ Albert Carr and Carroll. Milton Friedman and Albert Carr illustrate that ethics is required whereas Edward Freeman and Carroll state ethics is optional. After analysing these theories‚ it is difficult to find out that whether ethics is optional or required. However choosing on whether ethics is optional or required would depend
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