managers‚ employees to practice sound ethical decision making? Why or why not? Yes‚ it is important because not only do they hold their company’s reputation on the line they also are responsible for the lives of the people that are working for them and the environment that they are working in. When an unethical decision is made it can be penalized with fines and even jail time depending on the severity of the situation. 2) What are the 4 types of corporate social responsibilities by business and
Premium Social responsibility
Discuss and illustrate the classifications of ethical issues discussed in the text. According to the textbook‚ Business Ethics: Ethical Decision Making and Cases‚ an ethical issue is “a problem‚ situation‚ or opportunity that requires an individual‚ group‚ or organization to choose among several actions that must be evaluated as right or wrong‚ ethical or unethical” (Ferrell 65). There are fifteen basic classifications of ethical issues in business that can be broken down into three categories
Premium Ethics Business ethics
Employees Duty to the Firm Harmony between employees and employers is only possible only when there is no selfishness in the relationship. There are a lot of employers or firms obligation to an employee. But for every employer’s obligation there is also a corresponding obligation or responsibility of employee to the employer. While employers give what is just and right‚ employees should also be obedient‚ because obedience counts a lot. An employee should be respectful while an employer should not
Premium Employment
ethics in this dynamic environment. An organisation’s corporate culture is supposed to be characterised by ethical behaviours for it to make decisions that are more likely to be socially responsible rather than motivated solely by making profits. Organisations that are committed to long term success recognise and realise that creating a culture where ethical behaviours are rewarded and encouraged is the ultimate key to survival and growth. This paper aims at outlining three ethical theories and to evaluate
Premium Ethics
There are many reasons to have ethical practices in a business; your employees would essentially do whatever that wanted‚ without any regard for punishment. This is why most companies have policies and procedures that are in place to keep employees focused and accountable. First‚ sexual harassment/harassment in the work-place‚ rules have been set in place to keep this from happening‚ and to be able to hold the harasser accountable for their actions. Secondly‚ code of conduct‚ the way you dress may
Premium Business ethics Ethics Sexual harassment
Governance and Ethical Responsibility Research Paper Marquita Jackson Dr. Rhonda Evans LEG 500 Law‚ Ethics‚ & Corp Governance November 18‚ 2012 Dr. DoRight has recently been hired as the President of the “Universal Human Care Hospital”‚ where he oversees all departments with over 5‚000 employees and over 20‚000 patients at the medical facility. He has been provided with a broad set of duties and oversight of numerous departments‚ including business development‚ customer services‚ human
Premium Ethics
of all conscious action." Social responsibility entails one ’s actions benefiting one ’s society more than oneself. A cost benefit analysis sided towards the many rather than towards the individual. In the two books The Elements of Moral Society and Ethical Issues in Engineering by James Rachels and Deborah Johnson respectively‚ the subject of egoism and social responsibility come up. Hannaford in Johnson ’s book and James Rachels support social responsibility. Friedman and I are supporting the
Premium Ethical egoism Individualism Philosophy of life
The social responsibility of business is to increase profit As an individual living in a unified society‚ everyone has certain social responsibilities to play. Businesses too‚ as parts of society‚ as they utilizes the available resources like water‚ land‚ roads and power of the society and depend on the society for its functioning. This creates an obligation on the business part to look after the welfare of society that it operates in and is indebted to. It should take care of those who are involved
Premium Social responsibility Responsibility Sociological terms
Accounting 11.856. “What are the advantages and disadvantages of ethical behavior in business?” Nowadays the concept of ethical behavior in business ethics is one of the most debatable issues in the world’s business community. Why? Just because there is a global division of business people on who are completely blinded by the word “money” (their number increases with each year) and who not. Each of these two groups of people has certainly own truth. For the first group any business activity is just
Premium Ethics Business ethics
with their legal responsibilities to these refugees and asylum seekers‚ as well as their moral obligations.Do we have a moral and ethical responsibility to complete strangers‚ to people from the other side of the world‚ seeking asylum‚ seeking help? Do the benefits of helping refugees fleeing persecution outweigh the costs? What are these costs? The costs to security‚ the threat of “swarms” (Davi Cameron‚ 2015) of people causing strain upon public resources? What are our ethical expectations of ourselves
Premium United States Human rights United Nations