Ethics Paper MGT498 Ethics Paper One of the biggest things that big named organizations sometimes tend to forget is that when difficult decisions must be made, they affect everyone within that organization. Whether it be budget cuts leading to loss of hours or layoffs, lower stocks percentages for the shareholders or it can even change things positively, and require more production of hiring. Either way, when issues come up and things change, it is important to keep everyone involved well informed and made in the best interest of those directly affected. In the business world, corporations have a responsibility to the employees as well as the stakeholders to be ethical in their decision making by staying true to their beliefs and behavior to society. When unethical decisions are made, everyone involved in the corporation and its well being are affected in a negative way and will jeopardize the well being of the business.
An example of this could be social security benefits. These motivations help the company recruit top level employees and increase their overall productivity. But this can be a trade-off as these benefits and rewards can be costly. Takeaway 2 - Corporate Culture, Human Resources, and Ethics Zappos is a great example of a company that has created a lively atmosphere for their workers through their casual working environment. But another takeaway is that this type of culture is not compatible with many companies.
Some of the very important factors are: Government stability effects businesses in a great range by competing with businesses to lower their costs, transparency is another important factor where anything the business does is revealed to the government and the government know exactly what they are up to. Economic policy of government on businesses is also a very essential factor that effects businesses for example, government sets up rules and frameworks according to which the businesses compete with one and another, so from time to time government changes these rules which forces the businesses to change the way of their set ups. There are also beneficial political factors that help businesses in various ways, these factors can be defined as apprenticeships and funding of schools and colleges which will enhance the skills of the population that will affect McDonalds in having more skilled workers to work for them which will
MGT600: Unit 2 DB2: Bias and Judgment Introduction In order to successfully run a business, it is important to make decisions without the element of bias. However, it is sometimes difficult for the decision maker to guard themselves against bias. Human beings are often ruled by their emotions and therefore bias occurs in our judgment most times on unconscious level. Bias is a predisposition to behave in a certain way. (Bazerman and Moore, 2010).
The offenses are harmful to not only businesses in the United States of America but to the world of business as a whole and are unacceptable. If the law had been in place, many shareholders would have been safeguarded but numerous investors lost their lifetime savings by company insiders. The corporate world is a much more secure place with regards to investing with all of the changes and modifications which are now enforced. I still think there are other actions which can be taken to protect shareholders even though the modifications have significantly improved the procedure. Businesses must develop an ethical balance so as not to take advantage of unknowing shareholders who have invested their lifetime
Defenses and Due Process Kylee Rivers CJS/220 Defenses and Due Process According to Gardner and Anderson (2011), an individual is only charged for a crime he/she committed intentionally. He suggests that such a crime must be without defense so that an individual is declared guilty. Defenses are situations that can stop or lessen the guilt in a case. Presentations of evidence for such situations ensure an accused person is defended from guilt. According to Gardner and Anderson (2011), the common elements of defense include insanity, entrapment and self-defense.
Individuals tend to hold his or her own set of values and beliefs. Therefore, points of view and opinions of the employees of Kudler Foods and mine are different concerning the businesses and our personal lives. Our different theories and perspectives pertaining to business play a huge role in if the organization is successful. Each theory has its own set of standards, as does an individual. This is why the same theory will not always complement the same person’s values and ethical beliefs.
The more you dig into this topic, the more convoluted it gets. It may not even be possible to clearly say who is an employee and who is a self-employed contactor when you begin to look at people who have variable schedules and often work from home — a trend that has multiple values but also has drawbacks, as some CEOs are starting to
Making choices as a police officer can be difficult and as an officer if you had a problem with your partner who would you tell. Within Economics Utility is based on goods and services; which means whomever has more can attain from another that has less however wants the same. This is a basic fundamental of business and can become a problem within an organization with officers; some see personal gain ahead of duty. If I had a partner within a room that didn’t turn on the cameras and denied representation I would notify
According to the author, this disturbing incident resulted for the “ethics policy to come under intense scrutiny “ The major question that stands out is how are these dishonorable acts by someone who holds an executive position impacts the company overall. Due to the highly competitive nature of today’s market, companies must maintain high moral integrity in order to survive especially since strength in ethical values have such a drastic effect on consumer ratings, which will inevitably effect reputation and business. Also the major concerns that arise in business are related to the effectiveness of compliance policies and the influence of the management, the ultimate focus of the company and its relation to ethics, and the relationship of employee loyalty and ethics. The article relates to two sets of ethics guidelines: one for the “rank-and-file staff and another for the 24 elite executive directors who oversee the powerful organization.” Katrina Campbell, ethics expert at Global Compliance, has done intensive investigation on I.M.F’s ethic policies and commented that when it comes to the higher