2. Discuss the ethical conduct of AIG executives and how a stronger ethics program might help the company to strengthen the ethics of its corporate culture. 3. What could AIG have done differently to prevent its failure and subsequent bailout?1. Discuss the role that AIG’s corporate culture played in its downfall.
Why are ethical behaviour and government regulation important in marketing? EXECUTIVE SUMMARY The marketing function of a business must apply ethical and legal practices into their operations in order to build a successful business. Legal standards are compulsory requirements business's must comply to that are authorized by parliamentary law whilst ethical standards are prescribed by business's to conduct morally rightful activities in the favor of the consumer. Marketing managers who implement both legal and ethical standards to their practices will succeed in enriching the goodwill of a business, the provision of producing quality products/services, and opportunities in business expansion. ENRICHING THE GOODWILL OF A BUSINESS The goodwill of a business can be can be enriched or diminished by how a business applies legal and ethical practices into their marketing operations.
Ethical and Moral Issues in Business Rhonda Floyd November 10, 2011 MGT 216 Nakisha Easley Ethical and Moral Issues in Business Is there a difference? This question is asked on a personal level to cover different situations. The biggest is the difference in ethics, morals, personal, and business ethics. Know the difference, does not always mean the person uses the knowledge to make the decisions needed to be made. With ethics and moral, there are common problems every employee must face in the company for which he or she works.
Ethical Issues in Organizational Business Robert A. Lanese BUS610: Organizational Behavior Dr. Prakash Menon November 18, 2010 Ethical Issues in Organizational Business The main focus of this paper is to determine why ethical issues are of a major concern in organizations, what individual influences impact ethical behavior, and how can organizations influence ethical behavior in employees? “Ethics, also known as moral philosophy, is a branch of philosophy that addresses questions about morality-that is, concepts such as good and evil, right and wrong, virtue and vice, etc.” (www.wikipedia.org). I personally believe that ethical issues are of major concern within a business organization because it is ethics which help define and drive a company. For example, the collapse of Enron was a result of huge losses being placed within fake companies. Enron is a prime example of how the temptation of greed and the actions of irresponsible behavior can grow and spread like an infection from a corporate boardroom.
More than ever before, what the brand says and what the company does must be synchronized. NBB believes the mandate for corporate social responsibility gains momentum beyond the courtroom to the far more powerful marketplace, any current and future manager of business must realize that business ethics are not so much about the installation of compliance codes and standards as they are about the spirit in which they are integrated. Thus, the modern-day brand steward- usually the most externally focused member of the business management team- must prepare to be the internal champion of the bottom line necessity for ethical, values-driven company behavior. At New Belgium, a synergy of brand and values occurred naturally as the firm’s ethical culture- in the form of core values and beliefs- and was in place long before NBB had a marketing department. The ethical issue is that all NBB business decisions are made according to the core values and beliefs and is focused on being ethically and environmentally responsible.
Ethical Issues Facing the Manger in the Employment Process In this paper we will be discussing ethical issues in management when it comes to the hiring process. We will go over the difficulty and ethical questions a hiring manager must face in the hiring process. We will examine examples of ethical issues and laws which protect the potential employee. I will also give a real world example of an ethical issue which affected me in the hiring process. In the role of management managers themselves play a vital role.
Ethical Issues for Civility in the World: The Impact of Technology & Ethical Decision Making Ethical challenges are always presented to managers via the decision making process. The question is, however, is this the right thing to do? This question is the center of the ethical dilemma for anyone who is a decision maker in corporations throughout the world. A collection of many factors will be taken in consideration in answering this question. Is it right for the company?
Not only is HR involved in the traditional recruiting activities but it also plays a role as business partner by improving quality and saving valuable time for the business. This indicates that the HR-department is evolving to a strategic partner that drives organizational performance. The change agent role is that they have taken over the whole process. HR changed the process completely. HR is not re-active anymore.
The definition of morals is the standards of behavior or belief concerning what is acceptable and what is not acceptable. Ethics in business is defined as the way business owners apply those beliefs in making business decisions affecting both short and long-term. Comingling of these concepts is inevitable and must be managed carefully so that the business maintains professionalism and accountability. Smart businesses will promote themselves to the public as an “equal opportunity employer” in their job postings. This indicates strong moral standards with regard to hiring practices to potential applicants.
An ethical dilemma is defined as a morally problematic situation in which you must choose between two or more alternatives that aren’t equally acceptable to different groups. Ethics in business have gained much attention over the years. Some ethical dilemmas are fairly straight forward; meanwhile others can be a bit more complex. Based on the scenario for Angela at WellCare USA, the suggested course of action will be discussed. Angela’s ethical dilemma is that of adhering to the confidentiality requested of her by her firm vs. listening to her moral compass and looking out for her friend by warning him.