Purpose of my paper review B. Restatement of thesis X. References Abstract This literature review will discuss the topic of business ethics and how organization design and structure pertain to it. It begins with defining what business ethics is, leading into a thorough definition of ethical business. These two sections will examine principles both ethical and moral that can occur in business. How business is conducted by the individuals of organizations will be discussed as well. The next sections pertain to organizational design, structure and the importance of ethics.
Ethical and Moral Issues in Business MGT/216 December 6, 2010 Ethical and Moral Issues in Business Many times businesses are faced with the dilemma of making difficult decisions. These decisions are based on profits, accountability, and public perception. Often times a business will base its’ decision on the principles and values of the organization. These principles and values are the foundation to what is known as business ethics. Ethics is defined as the “principles, norms, and standards of conduct governing an individual or group” (Trevino & Nelson, 2007).
Evaluate Ethical Perspectives on Social Responsibility Joseph Nauseef Northcentral University Evaluate Ethical Perspectives on Social Responsibility Social responsibility is an individual’s responsibility to do what is right for their fellow man. It is really that simple, if the individual screws up, they have to pay for what they did to make it right, this is what the criminal justice system strives for, but what does it mean in business? Harvard law school defines social responsibility as “We define corporate social responsibility strategically. Corporate social responsibility encompasses not only what companies do with their profits, but also how they make them. It goes beyond philanthropy and compliance and addresses how companies manage their economic, social, and environmental impacts, as well as their relationships in all key spheres of influence: the workplace, the marketplace, the supply chain, the community, and the public policy realm.” (Harvard) So how do these two men define social responsibility and what does it mean to the real world?
Ethics are subjective, but some principles of ethics have relatively widespread following. In the area of business ethics, the major accounting firm of Arthur Anderson has produced educational materials regarding ethics that are widely used through out North America (Cooke, 1990). Their premise is that ethical behavior is good business because at its core human interaction requires some trust in a civil reciprocity. No matter how explicit a contract, for exam-ple, at some point the potential exists to find uncovered circumstances. Partners need to trust that the spirit of the contract will prevail when those circumstances arise.
According to Trevino and Nelson (2007), the difference between morals and ethics in a business organization are laid-out by the definition of ethics in the business organization. Ethics defined to individuals simply means a set of moral principles or values. Whereas, ethics defined in a business organization simply means the principles, norms, and standards of conduct governing an individual or group with the main focus on conduct (Trevio & Nelson, 2007). An individual can be moral but unethical and vice versa within a business organization. An individual with a high standard of morals may not agree with the standards outlined within the business organization.
(Osmond, 2014) Accountants do not always follow the moral guidelines set out by the company’s managerial accounting and thus creating ethical problems within the business. The resultant effect of not following the set out moral values is that stakeholders lose confidence with the company’s financial stability. Ethics will be important in ensuring that the accountants always prepare the books of account in time and update them in time. The accountants will also be in a position to report correct, accurate and ethical information on the financial position of the organization (Osmond, 2014) Managerial accounting is characterized by forecasting for the future sales of the business. It focuses on the users of the company’s business details.
Ethical Issues with Emerging Economies 1. “CSR and ethical behaviour are only relevant for MNE’s operating in the developed world” critically discuss this statement. * Definitions: * CSR: This refers to companies taking responsibility for their impact on society * Ethical behaviour: Demonstrating respect for moral principles. Acting in ways that are consistent with what the society think are good values * Multi National Enterprises: companies that operate on a global scale * Developed world: Countries that are economically stable and politically. * Point: Firms believe that they need to conform to CSR and conform to ethical behaviour because corporate image is important in order for them to high a profitable enterprise.
| 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 ethics section is followed by an analysis of the emerging field of corporate social responsibility (CSR) accounting and auditing, an area that might provide answers for companies with challenges similar to those Nike encountered. ETHICAL CONSIDERATIONS When Nike began using traditional advertising methods to broadcast its production practices in response to activist criticism, it began to tread an ethically challenging path. Traditional advertising ethics are insufficient when applied to corporate social responsibility disclosure because the role of “company” intertwines with the role of “citizen,” which is held to a higher ethical standard. Corporate citizens are companies acting in behalf of a social interest, which may or may not affect revenues. These socially beneficial actions raise the ethical standard for such companies because of purportedly
Ethical and Moral Issues in Business Laura Randolph MGT/216 March 14, 2012 Alfredia Martin Ethical and Moral Issues in Business Ethical and moral issues are very different at times and others they intertwine. In business, there are certain ethics instilled by the founders, stakeholders, and owners of a business. These ethics are spelled out within a company’s mission and core values. Businesses often implement a code of conduct for their employees. When hired employees are given the mission statement and core values to help each person understand what is expected on the business side.