Kantian ethics is the best approach to the issues surrounding business ethics There are a number of issues which are created by business activity. Firstly, how are businesses relationships with their consumers? Secondly, how businesses relate to the environment, for example with pollution, or sustainability, or treatment of waste. Another is whether businesses follow moral principles like honesty in their dealings. Kant says that people in business should act out of duty alone, not self-interest or desire to earn huge amounts of money.
The main purpose of this article is to discuss the Caux Round Table (CRT) Principles for Responsible Business which has described moral standards for suitable behavior in the workplace. Breaks in company honesty, whether among a small amount or a lot of individuals, compromise the beliefs of workers and for this reason the ability of an organization to provide people’s needs. The main idea of the article is to determine a universal code of ethics in the CRT and talk about the standards for behavior in the workplace. The most important information in this article is the principles themselves and the similarities and/or differences to Jerry White’s Biblical guidelines. The first principle of CRT is to respect stakeholder beyond shareholders
Week Two Learning Team Reflection During Week 1, we discussed the basic components of business research. We were shown how to recognize dilemmas and address issues related to corporate America, such as declining sales, increase in costs and any other issues that may have adverse impact on business. With that, business research becomes a problem solving tool in the decision making. However, ethics must first be weighed to ensure the social bottom line and productivity remains at its highest. Unethical behavior undermines positive gains.
Why are ethical behaviour and government regulations important to marketing? Ethical behaviour is used within many businesses to ensure the business provides accurate information to customers as well as other businesses to engage in fair competition. It is important for a business to have ethical behaviour in relation to the marketing side of the business so that goods produced, promoted then sold do not provide misleading information. If identified by consumers, it can have a major impact on all functions of the business as it has the potential to ruin the business’s reputation placing the business at a declining stage of the business’s life cycle. In a similar manner government regulations are also important and must be overviewed by all functions of a
Explain the role of ethics and social responsibility in developing a strategic plan while considering stakeholder needs and agendas. Ethics and social responsibility of a business effects wide groups of stakeholders. Stakeholders that include employees, investors, shareholders, suppliers and customers will be influenced by the formulation of strategic plan. The ethical responsibility of the business reaches beyond the responsibilities to stakeholders, it also impact the community and many downstream industries that may be affected by the plan. Ethical considerations must be given by managers as to how the strategic plan will influence the stakeholders.
How Personal Can Ethics Get? Dr. Ronnie Jones The Business Enterprise – BUS 520 7/12/11 Strayer University Abstract The personal preferences of individuals, differences, cultural implications of ethics and how they effect organizations and their policies are a hot topic in the business management arena. There are no universally accepted principles on ethics and how to handle these situations. However, with effective leadership, and an employee code of conduct written and documented within the organization’s policies and procedures manual, one can handle an ethical situation feeling good about their decision personally, and that they made the correct decision for the organization
| Case Analysis | Empress Luxury Lines | | Naomi DukesNovember 3, 2012MGT 500Dr. Glenn RodriguezStrayer University | | | Case Analysis: Empress Luxury Lines Introduction An ethical issue is present in a situation when the actions of a person or organization may harm or benefit others (Daft, 2010, p. 130). Ethical or unethical decisions in business can have far reaching implications because of the many stakeholders involved. The Empress Luxury Lines case study details the decisions and activities of the organization and its upper level management. Kevin Pfeiffer, a computer technician on new hire probation, was asked to act unethically in regards to an insurance claim.
The paper includes a list of all the actions executedby Goldman Sachs Inc which are defined in this paper as gray area practices. The paper alsopresents an ethical analysis of these gray area actions as well as all the parties that were affectedby the Goldman Sachs practices. Business Ethics The problem to be investigated is business ethics through the examination of ethicalpractices conducted by Goldman Sachs Inc and ethical gray areas which are situations and problems that don’ t fit neatly into any existing mode of ethical analysis within the business(Marshall, 2007). Business ethics are very important to inspire the employees and attract morewanting to work for the business. Business ethics are also important because if the business lacksgood ethics, this can damage the business reputation and make it less appealing to stakeholdersand that will lead to profit loss affect the whole business.
Al should fire Craig Lindley for several reasons. The organizational culture is honesty, integrity and the intrinsic value of each individual. Craig Lindley misuses company time and watches pornography on the web without the permission of the boss. Al should fire Craig for Craig’s cheating action. Even though Craig is Al’s close friend, he should be fired, since as the president of the company, Al should treat every employee fairly.
These numerous law suits signal that there are areas where Cisco may have employed unethical business practices contrary to their Governance and Ethics values that are stated plainly on their website and in numerous corporate communications. In fact, The World Most Ethical (WME) Companies organization grouped Cisco Systems to be among the most ethical companies in the world. This recognition is based on companies