Values & Ethics in Business X420 Discussion Session #80 Kelley School of Business Values Abstract ideals that shape an individual’s thinking and behavior – a moral compass Instrumental values – certain way of behaving is appropriate in all situations – “means”. Terminal values – enduring belief in the attainment of a certain end state – “ends”. A moral compass These abstract ideals can result from Religion Philosophy Family teachings Instrumental values As the means to an
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The ‘Parable of the Sadhu’ discussed how a group hiking up the Himalayan Mountains encountered an ethical dilemma and how their decisions are similar to corporate ethics. This article presents a complex situation in which immediate action was necessary. In briefly‚ a group of multi-national individuals embarked on a trip of a life-time up the mountain. Along their journey up‚ Sadhu‚ an Indian holy man‚ was discovered naked and barely alive by the group of multicultural mountaineers. Each ethnic group
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"fast food")‚ much of the same criticism leveled against the tobacco companies applies to fast food franchises whose product is both physiologically addictive and physically harmful. The movie ends with a rhetorical question‚ "Who do you want to see go first‚ you or them?" This is accompanied by a cartoon tombstone‚ which reads "Ronald McDonald (1954-2012)‚" which originally appeared in The Economist in an article addressing the ethics of marketing toward children.[10] A short epilogue was added to
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"What can we do about children’s poverty and inequality‚ and what can be done better?" The aim of this essay is to eloquently discuss what we can do about children’s poverty and inequality and ways in which we can improve some factors. The essay will closely analyze few of the factors to give us a better understanding of ways to improve these factors. Some of these factors are as followed; Impact of social grants‚ Early childhood development(ECD)‚ National Health Insurance and the re-engineering
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Business ethics Business ethics (also corporate ethics) is a form of applied ethicsor professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. Business ethics has normative and descriptive dimensions. As a corporate practice and a career specialization‚ the field is primarily normative. Academics attempting to understand
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Doyle Williams 10/23/2012 Business Ethics Chapter 7 Ethical Business Challenges 1. Identify the ethical and legal issues of which Gerard needs to be aware. Ethical Issues-Gerard need to be aware of the issues he’s wife meaning that she pregnake‚ There only one income coming in the house hold. Plus‚ It seem like Gerard have a lot thing to going. Plus on his job it seems like that an issues dealing. For instance‚ Gerard’s department didn’t like the policy‚ Meaning he
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Written Assignment #1 Business Ethics: Written Assignment #1 1. What are the ethical issues? In this situation there are many ethical issues to consider. First of all the whole story is about Jane‚ the superior of Ralph who has a problem with alcoholism. The request from the detoxication center is the first ethical issue for Jane. If she urges Ralph to submit this blood test he would probably be known as an alcoholic and eventually saved in an industry wide database. Due to the fact that
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Course: Business ethics RACISM Racism itself is a sub-topic of discrimination. Racism is basically discrimination‚ or in simple words‚ hatred or disliking towards a human being because that certain person belongs to another culture or is of another colour which they may not like. Racism has been happening since the world has been made. Since beginning discrimination on very different occasions has been towards people‚ in which their fault is only
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form.pdf What is the purpose of a Corporation? • Profits v. social responsibility • Stockholders v. Stakeholders Who are stakeholders? • stockholders • employees • customers • managers • supplies • local community According to Friedman‚ can a business do anything in the quest for profits? • No‚ it must not be deceptive or fraudulent Who is Theodore Levitt? • Former professor of marketing at Harvard B-School‚ Ph.D. in economics‚ prolific writer‚ editor of Harvard Business Review‚ coined
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Can you say what your strategy is? - David J. Collis and Michael G. Rukstad The authors emphasize on the importance of having a short (35 words max) company strategy‚ and communicating it to the employees. This is important to direct the companies operations in a coherent manner. The company and its employees need to know where the road is going. A strategy is not about your values of your mission‚ but simply about what your competitive game will be: what are you doing differently to your competitors
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