Society as a whole is responsible to conduct business ethically. Parallel to the formula that we use for inventing the laws that a society created to promote specific behaviors and actions that are appropriate to build trust and relationship, it is similar in corporations' behavior. According to Svensson & Woods "Society does have expectations of business and of its business leaders" (Svensson & Woods, 2008, p. 306). Ethical business behavior is a combination of values and normative ethics, which drive an organization. When analyzing Anglo-American and Primark for this case study.
In Confucianism they believe people will follow their leader. On the contrary, Legalism, believes that people should not be given the choice to do good because if they have that choice it’s very unlikely they will try to do good. The law has to prevent people from doing any bad, and the consequences were very harsh, so that people will do the right thing. As you can see, they both have very different beliefs. But one thing they have in common is that they both want people to do good, and do the right thing.
They are also subject to the laws of other countries in which they operate. Businesses organized in other countries must obey the laws of the United States when doing business here. In addition, businesspeople owe a duty to act ethically in the conduct of their affairs, and businesses owe a responsibility not to harm society.” In other words, companies conducting business in this country have an obligation to carry out their business practices in a manner that does no harm to anyone or anything. This includes the
This directly states that an officer or a director,” Should avoid participating in any transaction or investment that conflicts with, or gives the appearance of a conflict with, the interest of the company. It’s important in maintaining ethics because a person who is in a management position must be devoted to one company. All decisions that are made are suspect to the integrity of the , company especially when it comes to the financial decisions. Another key area of The Cheesecake Factory’s code of ethical conduct that is of significant importance is in Article V, in the “Compliance with Company Policies and Procedures,” section that talks about confidential information. It is important for the success of any company, especially one as huge as The Cheesecake Factory that the confidentiality of information, especially for the third parties, be maintained.
Wikileaks and Ethical Issues 1. Introduction In this modern world or society, everyone live under the law and regulation. Therefor, the law is playing a major role to maintain the basic world order. The law can punish people who hurt some one else. But actually the law cannot control everything, for instance, some ethical issues like Wikileaks.
The ethical decision to not spend time or money to put safety measures in the play lost lives for many. Corporate Social Responsibility should maintain high ethical and legal standards in every corporation should have a set of fundamental core values based on sound ethical principles help define the true measure of a company. Legal wise Amtrak needs to provide safe service for their customers, and they need to show them they are doing everything possible to achieve this. They need to provide safe and dependable service. As well as build their name and brand back up from this disaster.
But it is Ethic to help other isn’t it ? Ethics are moral principles that guide the way a behaves. It issued by a business is a particular kind of policy statement. A code of ethic issued by a company is some kind of policy statement. A properly framed code is, in effect, a form of binding legislation within the company for its employees, specific sanctions for breaches of the code.
In other way we can state that it is always moral to promote self-interest and it is not moral not to promote it. So it is a moral duty of every person to pursue his or her own interest. According to Ethical Egoism, there is only one ultimate principle of conduct, the principle of self-interest, and this principle sums up all of one’s natural duties and obligations. The only way, through which you can help others, according to Ethical Egoism, if it is in someone’s best interest to help others. Ethical Egoism talks only about the self-interest which is better for the person over long run.
The moral ethical standards of a society provide the basic guidelines for corporate ethical stewardship existence and allow us to resolve conflicts by social existence and allow us to resolve conflicts by appeal to shared principles of justification. According to “Block’s (1993, p23-25) stewardship and the role "emphasized over the service over self-interest”. It is easy to see how the laws are set one can find it hard and how difficult it is to keep up with the different laws set in Ethical Stewardship rules and relations. When it comes to research methodology and using the Theoretical model: leadership behavior, trustworthiness, and ethical stewardship .This diagram shows how easy it is to see how trustworthy people would have a hard time agreeing to
Ethics area a code of conduct we are all expected to follow so we tend to respect the guide lines that are put in place a normal behavior to be considered as society norms. In field of psychology discipline is no exception in fact it is a most when it comes to ethics and code of conduct. These ethics and codes are particularly important since scientific discipline usually deals with unsound individuals. It is extremely import to not counsel anyone. Work at a rehab people will ask you opinion and in giving that opinion you are crossing the line of counseling in many cases.