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Ethical behavior in business
Ethical behavior in business
Ethical behavior in business
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Ethics are “A set of rules or principles” (Robbins et al. 2016 p93) that govern the right and wrong behaviour of organisations. Apple Inc was founded in 1976 in California by Steve Jobs, Steve Wozniak and Ronald Wayne and has grown from the founders having a shop in Jobs’ parents garage (Staff, 2017) to be the world’s most valuable brand in 2017 worth $170bn (Forbes.com, 2017). This essay will consider the factors that support and argue against the notion that Apple is an ethical company and based on these arguments will make a judgement as to whether Apple is an ethical organisation. Based on my research, I have gathered information that argues that Apple is not an ethical company. Following the suicides of 14 people at one of Apple’s manufacturers Foxconn, in 2010 (BBC News, 2014), it highlighted poor working conditions that included overcrowded …show more content…
In Apple’s 2017 Supplier Responsibility Report they stated that 705 audits were conducted and there was an increase in working hours compliance to 98% (Apple UK, 2017). This may address the issue mentioned above regarding the Pegatron factory, but does not confirm a corporate policy to rectify unethical treatment of employees. In Apple’s 2017 Environmental Responsibility Report they highlighted their commitment to removing toxins such as mercury from their products to ensure employee and environmental welfare as well as aiming to have 100% of Apple’s facilities powered by renewable resources, which is currently at 96% (Apple UK, 2017). Apple may be an ethical company, but it is how they acted to rectify unethical issues identified by the media and social groups that becomes the ethical baseline for consumers. Following the 2010 Foxconn suicides, Apple created a set of standards identifying how factory employees should be treated (BBC News, 2014) and terminated relationships with 18 suppliers who repeatedly violated these
Ethics, the moral principles that govern a person’s or group 's behavior, are one of the most important lessons to be learned in post high school education. Ethics are what people and companies all over the world are taught to practice in order to create a fair and just society for both the consumer and the business or organization. However, as companies expand and gain more power, the question of what is ethical slowly begins to fade as it is overcome by the question of what is more convenient, cheaper, and will result in the most profit. Thus, creating an advantage to large corporations over the consumer, while allowing for everyone else to suffer at the expense of the earnings of the corporations. Upton Sinclair, the author of The Jungle,
Do you agree with Schmeltekopf that business schools are not preparing students well for the for the ethical challenges they will face in the workplace? Why or why not?
It's difficult not to be cynical about how “big business” treats the subject of ethics in today's world. In many corporations, where the only important value is the bottom line, most executives merely give lip service to living and operating their corporations ethically.
Ethics in business is a highly important concept, as it can affect a company’s profits, salaries paid to employees and CEOs, and public opinion, among many other aspects of a business. Ethics can be enforced by company policies and guidelines, set a precedent when a company is faced with an important decision, and are also evolving thanks to new technology and situations that arise due to technology usage. Businesses have a duty to maintain their ethical responsibilities and also to help their employees enforce these responsibilities in and out of the workplace. However, ethics and the foundation for them are not always black and white. There are many different ethical theories, however Utilitarianism, Kant’s Deontological ethics, and Virtue ethics are three of the most well known theories in existence. Each theory is distinct in that it has a different quality used to determine ethicality and allows for a person to choose which system of ethics works best with both the situation and his or her personal ethical preferences.
Materialistic things consume today’s society, whether it is cars, clothing, or jewelry, in a sense we rely on these objects for our happiness. Companies such as Nike, Gap, and Toms, have all had major success do to their loyal customers, who seek the name brand logo of their company. These companies have continued to grow tremendously, making billions of dollars; the companies strive to find ways to outsourcing its manufacturing, in hopes of making more and more profit. Profit is not the only thing that rises, many questions and investigations have occurred, exposing the poor ethical choices these businesses have made. Nike, one of the most well- known and profitable companies have experienced this heavy scrutiny first hand. Throughout this essay the reader will gain a better understanding of Nike’s poor ethical business decisions and what actions they took in order to repair their image.
The term “ethical business” is seen, by many people, as an oxymoron. This is because a business’s main objective is to make as much money as possible. Making the most money possible, however, can often lead to unethical actions. Companies like Enron, WorldCom, and Satyam have been the posterchildren for how corporations’ greed lead to unethical practices. In recent times however, companies have been accused of being unethical based on, not how they manage their finances, but on how they treat the society that they operate in. People have started to realize that the damage companies have been doing to the world around them is more impactful and far worse than any financial fraud that these companies might be engaging in. Events like the BP oil
Business ethics are the core fundamentals of a business and are extremely important for organizations smooth and successful operation. It can have either positive impact by operating ethically or negative impact if they are caught up in any unethical situation or dilemma. Ethics has been defined as “study and philosophy of human conduct with an emphasis in determining the right and wrong” (Ferrell et.al, 2010). This case study will analyze Coca Cola for the ethical dilemmas they were involved in Belgium, and how the company responded to the issues.
Many ethical dilemmas are philosophical in nature, an ethical issue can be described as a problem with no clear resolution. In order to solve the issue or dilemma a consensus between the parties involved must be reached. There are several reasons to come to an agreement over an ethical dilemma, it is the basis for all aspects of personal and professional dealings. Each one of us is part of a civilized society and as such it is our responsibility to be rational, honest and loyal in our dealings with others. (Alakavuklar, 2012) states that individuals make decisions for different situations in business life involving various ethical dilemmas. Each time either consciously or unconsciously individuals may follow some ethical approaches
The Facts: Kermit Vandivier works for B.F. Goodrich. His job assignment was to write the qualifying report on the four disk brakes for LTV Aerospace Corporation. LTV purchased aircraft brakes from B.F. Goodrich for the Air Force. Goodrich desperately wanted the contract because it guaranteed a commitment from the Air Force on future brake purchases for the A7D from them, even if they lost money on the initial contract.
“For what is a man profited, if he shall gain the whole world, and lose his own soul? or what shall a man give in exchange for his soul?” (Matthew 16:26) This verse asks the question how can someone profit or take advantage of the world if they damage or lose their character along the way, what is worth more than one’s soul? This question can help one in determining their ethics by balancing what is right, meaningful, and most important to them. Knowing and understanding one’s ethical values is important on the path towards achieving one’s goals.
One of Apple’s major ethical issues is the problem of labor. This is a very important problem in today’s world because businesses have a tendency to ignore basic human rights in their never ending competition to make as much money as possible. Outsourcing, using child labor, and overworking employees are all major ethical and legal violations committed all the time by many high profile companies, and often unjustly ignored as it is unfair to the people forced to work in such terrible conditions.
It is reasonable to believe that ethical business behavior has countless advantages and few, if any, disadvantages. Consumers have almost immediate access, via the Internet, to a company’s business practices so purchasing decisions can be fluid. This means good ethical business practices can have immediate reward from consumers. For seven years no Ethisphere Institute has published a list of the world’s most ethical companies. The list is developed through extensive surveys and research covering a broad range of categories. 2013 produced 138 companies ranging across virtually all types of industry. Although, motives for companies to be a part of this list might be organic to their mission statements, there are still many other advantages. Smith states, “Brigham says that recognition on the WME list has proven to be beneficial in various ways for the winners.” (para 9). Starbucks Coffee Company is on the Ethisphere Institute 2013 list.
The Code of Ethics of the professional accounting bodies in Australia and its fundamental principles.
A company's code of ethics is very important to establishing the expectations and quality of its brand. The code of ethics are concrete expectations for employee behavior, accountability and communicates the ethical policy of a company to its partners and clients. A good business practice is to have sound ethics. Having good ethical practice is knowing the difference between right and wrong and choosing what the right thing is. Though good ethical behavior is something that should be done automatically, a company needs to have a set of rules in place that holds everyone accountable. Over the last twenty years, the country has been bombarded with company scandals and unethical behavior; though morally wrong, the punishment does not fit the crime. The punishments have been overkill. A murderer, rapist, or child molester commits violent crimes and potentially is out of jail in 10 - 20 years. The CEO’s that commit white collar crime receive 25 years to life; this paper will discuss how this punishment for committing nonviolent crimes, such as breaching a company’s code of ethics, are disproportionate to violent crimes that plague the country today.
Ethics are an important part of everyone’s lives. A moral code that must be followed and guide everyone’s moral compass. Ethics also have a major impact in the workplace. The very foundations of corporations just like governments are founded with ethics. A moral code keeps everything running in order. Ethics can be defined as a set of moral principles. Ethics are such a big part of the world of technology that there are very defined codes that detail ethics regarding the industry. These codes of ethics are the IEEE Code of ethics and the ACM code of ethics. These codes give the foundation for ethics and morals in the worlds of computing and technology. The codes can also be used to give an inside view of some of the biggest problems that