One issue surrounding business is the relationship of the business to the consumers. Kant’s theory is deontological and objective because it looks at the morality within the action itself and not the result from it. Kant’s theory expresses the importance of treating people as ends in themselves, rather than only as a means to an end. This approach is helpful as it means that businesses need to use their consumers as not only a means for a profit, but also use them as an end e.g. the products that are supplied are of a certain quality.
ALL WK 1, DQ’s: WK 1, DQ 1: What is a business’s obligation to build an ethical culture and balance its desire for profit with ethical responsibilities to employees, customers, society, and the environment? Ethics is different from one person to the next, so it is imperative that business clearly define the norm for staff members and management. The decisions organizations make influence more than business partners, affiliates, culture, and others. It is important for organizations center of attention on maximizing shareholder revenue. Therefore, maximizing profit without causing destruction to the business culture can be a balancing act for most organizations.
Deontological theory deals with the idea that everybody, as well as company managers, incorporates an ethical duty to treat everybody else with respect, as well as listening and considering their wants. This is often generally spoken because the “Golden Rule.” CSR contributes to company property by providing moral arguments on why company managers ought to work toward property development: If society normally believes that property development could be a worthy goal, companies have a moral obligation to assist society move in this
AICPA American Institute of Certified Public Accountants (AICPA) is a voluntary organization of CPAs. The AICPA Code of Professional Conduct focuses on a set of professional and ethical standards followed by CPAs. The primary standard set by the AICPA Code of Professional Conduct is to honor the best interest of the public, even if doing so sacrifices personal gain. The code also focuses on constantly exercising professional and ethical conduct (Mintz & Morris, 2011). The executives at WorldCom knowingly misstated capital spending moving funds from one account to another to hide the reasons for the expenditures, and manipulated financial reporting.
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
The employees must keep company’s tangible assets and knowledgeable things. The company and its employees have obligation to protect their tangible and intangible assets. Generally, the protection of assets is most important part in profit entities. County of San Diego and G.M Financial conduct their businesses that elementally trust employees. Nevertheless, the reason that company adopts the code of ethics is forbid to fraud, theft, and corruption by
Ethics are the moral principles and standards that guide an individual’s or a group’s behavior. Ethics are important to the planning process because they are used when deciding how to implement organizational activities to meet goals. For example, if an employee acting ethically has knowledge of his or her colleague using company resources such as a company vehicle to take care of personal responsibilities, the individual would not question what he or she should do about the situation. The right thing to do would be to report the incident, which could save the organization money and display the individual’s dedication to upholding standards in keeping with the organization’s best interests. The text provided details for why it is so important to follow the ethical norms of society.
To expand your business and continue successfully you must consider employing non-CPAs. Economic and Ethical Issues of Pricing All CPAs and CPA firms have a vested interested in ethics but how do they keep those ethics and professional codes of conduct while growing their business? How do they add value to their services during these economic times? This paper explores the idea of changing from an hourly billing system to a fixed fee pricing structure in order to grow and thrive, the ethical challenges of hiring non certified accountants and personnel and the professional
They function best within healthy communities. They reject the notion that a business’s sole responsibility is to maximize profits (Trevino, 2007). Today’s organizations realize that a healthy social environment lead to a healthy business environment (Trevino, 2007). It is uncertain if the characters in the windows are making their decisions solely based on the influence of the first employee or if there is an unethical climate within the organization. It is stated in the book, “Managing Basic Ethics”, that ethical behavior can be taught.
Assignment 1 “The American Red Cross (ARC)” 1. Determine the impact of this even on ARC’s “benefits of business ethics” (employee commitment, investor loyalty, customer satisfaction, and bottom line). “Business ethics relates to rules, standards, and moral principles regarding what is right or wrong in specific situations. Business ethics comprises values, and standards that guide behavior in the world of business.” (Ferrell and Fraedrich 2011 page 7). Creating dependable leaders should always be a part of business education, but it seems over time it has become more of incident by result than by vital content.