How safe is this product for the people using the product? 3. Yes, I agree with Marvin Klein’s assessment of business ethics being a matter of common sense. In the text it states that business ethics is the application of moral standards to business situations. I think that using common sense you can choose what product is good and which is bad and if you should go one route or if you should go a different route.
This could be approached by making sure that their retail outlets in other countries are attractive and have good working conditions for their workers. In addition, they may choose to include things such as Fairtrade for their suppliers so that there is no conflict with pressure groups; this would also enable Greggs to establish good relationships with suppliers which could eventually lead to perks such as cost savings, e.g. economies of scale. This would result in satisfied suppliers and employees. A second reason that managers should not only be responsible for shareholders alone is because their goal may be to maximise sales.
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
The company at hat served the public best would be favored in a competitive situation C. My opinion is that there should be a balance between competition and government involvement. A competitive situation would keep utility employees striving to satisfy the needs of their customer. Without competition some employees could become indifferent to customer satisfaction as the customer can not go anywhere else. Government involvement would be important by setting standards that must be adhered to by competing companies as far as level of service and also ensure that the competing companies can not fix pricing to consumers and artificially control what the consumer will
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.
Unlike Rawls, Nozick sees flaws in the difference principle. To him, it is not considered unjust to allow poor people to starve. Nozick actually believes in the opposite of what government should do in this scenario. He sees a government with the power to distribute economic and social goods to the lesser advantaged, as too powerful and unjust. Nozick’s idea of just actions is based off of the idea of voluntary exchanges.
What evidence suggests that Cash Connection’s strategy and business model are ethical and beneficial to customers and to society at large? What evidence suggests the company’s strategy and business model are neither ethical nor beneficial to customers and that the entire payday lending industry has few if any redeeming qualities? * There are many evidences suggest that Cash Connection’s strategy and business model are ethical and beneficial to customers and to society at large. Cash Connections is not breaking any legal laws which may lend people to think they are ethical, but does Cash Connection pass the moral test is the question. Cash Connection as well as other lending organizations is taking advantage of the hard times individuals have fallen on but at the same time the lending industry is beneficial in that it provides more than 150,000 jobs and contributes up to $10 billion to the U.S. gross domestic product.
A business that wants to be profitable will follow a standard code of conduct for how is treats others and rectifies any wrong doing. Many believe that a business should not exist only to make a profit but that a business has a social responsibility to society. Social responsibility is a business’ obligation to maximize its positive impact and minimize its negative impact on society (Ferrell, Hirt, & Ferrell, 2009, 38). A profitable and sustaining business relationship can not be built without a solid foundation of trust, ethical behavior and social responsibility, and
* Trust will be a strong value that will be unacceptable if not used. A well rounded company is embodied by well built standards and procedures. With a strong base of standards our company discourages undesirable conduct. Placing a code of conduct into our company allows a business to improve their ethical standards by screening for unethical employees. A code of conduct is a one of the major key factors in keeping a business in good ethical standing.
This allows the employer to modify and potentially grow a better business, and with want, a larger one, on a regulated path. After review, it is recognized that not too much negative attention is brought to OSHA, pertaining to small businesses. These businesses are given the opportunity to reconstruct and develop; otherwise could be stated for corporations. OSHA feels that by bringing damaging inspections to the public eye that it will incentivize other companies to succumb to submission. It has been reported that OSHA does not take the proper steps to rectify and/or modify the violations that are released; ultimately, this ‘affects OSHA’s credibility, with employers.’