Kantian ethics is the best approach to the issues surrounding business ethics There are a number of issues which are created by business activity. Firstly, how are businesses relationships with their consumers? Secondly, how businesses relate to the environment, for example with pollution, or sustainability, or treatment of waste. Another is whether businesses follow moral principles like honesty in their dealings. Kant says that people in business should act out of duty alone, not self-interest or desire to earn huge amounts of money.
Business Ethics - Second Short Paper Paul F. Camenisch’s argument is that the heart of business ethics is its ability to contribute to human flourishing. He relates business ethics to ethics in general. Business ethics relies on the same moral code that every person should follow. Ethics cannot be departmentalized as separate moral codes for business, parents, students, etc. Business is even viewed by some as being the vehicle for contributions to worthy causes.
An organisation on its own cannot affect these factors, nor can these factors directly affect the profitability of an organisation. But by understanding these environments, it is possible to take the advantage to maximise the opportunities and minimise the threats to the organisation. Conducting a strategic analysis entails scanning these economic environments to detect and understand the broad, long term trends. A PESTLE analysis is a useful tool for understanding the ‘big picture’ of the environment in which an organisation is operating. Specifically a PESTLE analysis is a useful tool for understanding risks associated with market (the need for a product or service) growth or decline, and as such the position, potential and direction for an individual business or organisation.
SWOT Analysis Complete the following SWOT analysis for your company: Strengths * Describe your company’s internal resources and capabilities that can be used to establish a competitive advantage and reach your objectives Weaknesses * List the factors that may interfere with the company’s ability to achieve its objectives Opportunities * In looking at the external environmental, identify opportunities of buyer need or potential interest which may indicate opportunities for growth and profit Threats * Look at changes in the external environment that may pose a challenge or lead to lower sales or profits Corporate Social Responsibility What steps will your company take to make sure it is acting responsibly towards the community, employees, customers and the planet? Marketing Overview – Part 3 Marketing mix (the 4 P’s) decisions identify the product/service offerings, pricing strategy, distribution (place) strategy and promotional activities that will achieve the business goals. Create a marketing mix that will achieve your business goals and create a competitive advantage. Target
Management’s decisions influence how a company works and can affect the outcome of a business. The best way for management to see their options are through S.W.O.T. analysis. I chose to do this report on Walgreens. I plan to research and learn how they manage their company and deal with competitors.
Does working in teams make people less receptive to outside input? How can social comparisons undermine trust in working relationships? How do the training and technical knowledge entrepreneurs take from previous employers impact the success of their new ventures? Wharton professor Jennifer Mueller and lecturer Julia Minson, and professors Maurice Schweitzer and Evan Rawley, respectively, examine these issues, and what they mean for business, in recent research papers. Confidence's Cost to Collaboration The corporate formula for innovation often focuses on creating a team of experts to cook up the next big thing.
• Political • Economical • Social • Technology ”The PEST analysis is a useful tool for understanding market growth or decline, and as such the position, potential and direction for a business. A PEST analysis is a business measurement tool” http://www.businessballs.com/pestanalysisfreetemplate.htm Examples of influences required changes are for instance a government change a law or cancel a big order thus the consequences for the organization are financial problems , overproduction. However changes may be less dramatic for the business for example implementation of new software for more effective work. Section 2 – Understand the purpose of supporting change in a business environment 1. Identify
The importance of smart and effective business communication is being felt by more than ever before, according to the journal article written by Garima Barida in December 2010. The article explains how the multicultural world we live in and what effect globalisation has had on the business world, thus making effective communication skills more valuable than ever. The article has a strong theme that “in business, communication is everything” (Robert Kent, former dean od Harvard Business School.) Aside from that common theme, the article also explains the effects of the constantly changing environments. An example is the flattening of organisations structures and thus the increased importance placed upon communication in management roles.
Business contributions to financial resources or executive time, such as contributions to the educations, arts or the community, are the examples of philanthropy. The point which distinguishes the philanthropy and ethical responsibilities is that the former are only desired and not expected in an ethical and moral help. Philanthropy is more voluntary or discretionary on the part of businesses. Communities desire firms to contribute their funds, facilities and time to the social programmes or purposes, but if the firms do not provide the desired level they are not regarded as unethical. As a part of philanthropic responsibilities it is important that managers and employees participate in charitable activities in their local communities, they provide assistance to private and public educational institutions and assist voluntary to those projects which enhance the communities’ “quality of
For the regional disparities, it is better to know that all the subregion or all the countries have not the same level of development, so the harmonization of the action is sometimes difficult. The inadequate surveillance systems and the lack of funding of most of the states members are really the challenges facing these institutions. For example, Nigeria is obliged to support 90% of the cost of joint patrols between the Nigerian and Equatorial Guinean navies ("African Approaches to Maritime Security", 2013). The absence of a sustainable process for equipping and funding maritime security and safety activities hampers the ability of States to operate optimally in this domain.The second problem, the duplication of actions result in the fact that the organizations like MOWCA and the GGC do the activities in the same time and these situations create a jurisdictional dispute between them. This jurisdictional dispute can also be observed in many states where navies, coast guards, and maritime police agencies do the same job.