Ethical Issues and Social Responsibility Case Analysis: BP (Beyond Petroleum) Beyond Petroleum (BP)‚ one of the world’s largest energy companies has seen many highs and lows over its 100 history. Throughout BP’s 100 year history there have been numerous questions about the company’s ethical conduct. These ethical misconducts include fraud‚ environmental crimes‚ regulatory negligence‚ and the endangering of habitats (Thorne‚ D.M.‚ Ferrell‚ O.C.‚ & Ferrell‚ L.‚ 2011). With the multiple
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Analysis of Ethical Theories Deontology Deontologist’s approach focuses on our sense of moral duty and obligation. It also argues that one must obey the rule of right conduct that has been put in place in our society (Ross & Malloy‚ 1999). Deontologists argue one has the duty to protect the rights and autonomy of individuals (Rensburg et al‚ 2013). In Canada‚ there are laws and policies that promote autonomy and freedom of choice therefore a deontologist argues that the mandated choice of organ
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Ethical Theories Business 670 Legal Environment August 10‚ 2010 The purpose of this paper is to discuss Ethical theories and their foundations from this week’s reading material. One is to describe the theories‚ discuss plus add one more that is not in the book. To understand l theories one needs to know understand that a theory is based on observation or testing‚ there is really no right or wrong answer to what a theory is. One does need to understand what is ethical? Ethical is basically
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2. Ethical Issues in Business. It seems that every day in the news we are hearing of new company that has acted at least unethically and possibly illegally in the operation and financial reporting of their company’s business dealings. There are many ethical issues in business. One major issue that we see is over and under reporting net income. Companies like to show that every quarter the net income of the business has an increase or profit. In order to show this they adopt unethical or illegal
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Small and large businesses today have an obligation to conduct their businesses ethically. If a business makes unethical decisions‚ it could mean the loss of jobs for the employees and or jail time for the leaders of that company. Whole Foods is no exception‚ in order to stay in business it has to make ethical decisions and do so with all stakeholder in mind. Kent Hodgson‚ a management consultant‚ has identified seven general moral principles that he calls “the magnificent seven” (Kreitner
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ETHICAL PRACTICES FOR INDIAN BUSINESSES: THE STRATEGY TO ACHIEVE GLOBAL SUCCESS Abstract: Business ethics is not codified but yet literature’s on the subject matter has developed to extent that it has made its identity visible in corporate world and business at large. With the rapid pace globalization is gaining momentum it is must for organizations operating all over the world to adopt ethics in trade. Since‚ the ethical practices are culture specific‚ the Indian business ethics practice is
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The question of whether or not it is ethical to change the genes of a child before they are born‚ to rid them of a family disease or just simply to be able to pick their traits‚ has been going on for years now. Every year humans as a whole are getting closer and closer to minimizing the major health concerns‚ so gene therapy can be done safely. It has been done on people in the past‚ but very few have received an effective treatment. But this doesn’t mean gene therapy is impossible‚ it just means
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Consider what reasons and rationalizations Maureen is likely to encounter if she decides to bring the problem to light. Maureen as a cautious manager‚ feels the responsibility to speak about the “value conflict” issue. Being in the middle of the organizational structure‚ she has to implement her voice to the senior management and to her colleagues. Raising the issue to the senior management‚ considering the high cut cost‚ she may face rationalizations for continuing the unethical process
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prices and great customer service. Southwest since the late 1980’s it has led the airlines industry has having the lowest complaint ratio. If anyone has ever taken a flight at Southwest Airlines you can remember getting a boarding pass to load the plan in three groups. Group A‚ B or C. This is made this airline know for their campouts by the gate. This policy has changed and will take affect in November of this year. Southwest is improving their way of the boarding rules for their customers. This has become
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ETHICS ETHICAL ISSUES IN INTERNATIONAL BUSINESS Many of the ethical issues and dilemmas in international business are rooted in the fact that political systems‚ law‚ economic development‚ and culture vary significantly from Nation to nation. Consequently‚ what is considered normal practice in one nation may be considered unethical in others. Because they work for an institution that transcends National borders and cultures‚ managers in a multinational firm need to be particularly sensitive
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