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Business ethics chapter 1
Corporate Social Responsibility Principles
Corporate Social Responsibility Principles
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Recommended: Business ethics chapter 1
Business ethics are the moral principles that describe the way a business behaves. Because businesses are treated as “persons”, it can be said that the same principles that determine an individual’s actions can also apply to business. Making ethical choices involves distinguishing between right and wrong, and then making the right choice; and while it can be easy to identify unethical business practices, such as using child labor or not paying employees properly, good ethical practice can be harder to define simply because what is deemed right is not always universally accepted. In other words, everyone has a unique moral compass, and can see black and white as different shades of gray. In the face of this, every business holds corporate social responsibility to act fairly for their employees’, stakeholders’, and sometimes even the earth’s sake. However, whether or not the business adheres to this ethical paradigm varies. …show more content…
Acme case, I would argue that Mr. Mason could act in a number of ways, and that the ethicality of those actions would depend on who was analyzing the case. For one, it would be perfectly reasonable of Mr. Mason to bribe the judge in order to secure his $5,000,000 (after all, “money doesn’t talk, it swears”). He would not even need to feel that corrupt about it, as he could argue that Acme had a duty to protect its car owners, and that the probable recall of the defective axles could thereby save other members of the public from injury and death caused by his defective axle in the future. However, alternatively, Mr. Mason could choose not take the bribe, as bribery is ethically wrong, especially in the court of law, and as a consequence lose out on the payout, but at least he would be following his duty-based ethics. Conversely, as an added consequence to these actions, he would also be allowing other people to potentially get hurt by the defective axle, which if we are going by outcome-based ethics here, is
In the case of Drew Peterson, the court docket is important for the accused because it explains the why the different filings and rulings were made pertaining to the admissibility of evidence in this case and if the accused should in fact be accused of the murder of his wife Kathleen at all.
General education high school teacher, Michael Withers, failed to comply with his student’s Individual Education Plan (IEP). D.D. Doe’s IEP required tests to be read orally. Despite knowledge of this IEP and being instructed to follow the IEP by the superintendent, school principal, special education director, and special education teacher, Withers still refused to make the accommodations for D.D.’s handicapping condition. As a result, D.D. failed the history class. His parents filed charges against Withers, arguing that D.D was not afforded the right to a Free and Appropriate Public Education (FAPE) promised to all students by the Individuals with Disabilities Education Act (IDEA). They also filed a claim for injuctive relief against the Taylor County Board of Education to enforce the laws that protect handicapped students.
Proximate Cause: The shoulder and rotator cuff injuries were within the scope of the risks that made us determine that the dropping of Vicky’s body was a breach. Because Dwayne dropped Vicky, Dwayne’s dropping of Vicky’s body proximately caused the injuries sustained. Felix’s carrying of the body was a cause in fact but not the proximate cause of the injuries Vicky
Dred Scott v. Stanford is a case in which an African-American man sued for his freedom. In 1833, Dr. John Emerson purchased a slave. He moved to the Wisconsin Territory with Dred Scott, his slave. Slavery was banned there due to the Missouri Compromise. Because Emerson was in the army, he would go away for long periods of time, and Scott would get small paying jobs while Emerson was away. In 1843 Dr. Emerson passed away, and left Dred Scott, Scott’s wife, and their children to his wife, Eliza Irene Sanford. In 1846, Dred Scott attempted to use the money he had earned over the years to buy his family’s freedom from Sanford, but she would not accept the offer. When Dred Scott was refused his freedom, he decided to sue Sanford for his freedom in a state court. His argument was that he was legally free because he had been living in a territory were slavery had been outlawed. In 1850, Scott was declared free, but Eliza Sanford did not want to deal with the case, so she left the Scott family to her brother, John Sanford, to deal with her affairs. During the time of the case, Scott’s wages were being withheld, and he was owed money from Mr. Sanford. He was not willing to pay Dred Scott his money, so he appealed the decision to the Supreme Court. The Supreme Court overruled the state court’s decision, ruling in favor of Sanford.
Of the many possible ethical dilemmas that people could face in the business world, the article: “The ‘Do Whatever It Takes’ Attitude Gone Wrong” portrays particular ethical situations in todays business world that are very common: poor social responsibility and its negative effects. Social responsibility is considering what affects business decisions and products have on society. The article reveals what goes on behind the scenes at a business in terms of poor ethical decision making and how often it occurs. It mainly focuses on how business decisions are made without consideration
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.
Business ethics simply can be defined as the application of business values in the business practice of a company (Seawell 2010, p. 2). For a multinational company, business ethics is one of the critical aspects need to be taken into account in business decision-making processes. Failure to give attention on ethics may bring consequences on company’s reputation (Meyer & Jebe 2010, p. 159). The company is expected not only to pursue its own profits but also contributing to the environmental and social welfare of the community where it operates (Svensson & Wood 2008, p. 308).
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
To make a payment in exchange for special consideration where the recipient has a duty to offer equal consideration to all (more commonly referred to as bribery) is morally reprehensible on three distinct grounds. Not only does it violate inherent principles of justice and equality by enabling one to use their wealth in order to attain or reinforce influence, it also provokes the recipient to violate the positional responsibility that they have tacitly agreed to uphold (this duty is therefore contractually binding): namely that he or she will perform their role in a manner that adheres to the rules of the organisation in question. The covert nature of the bribe is also problematic; once a bribe is uncovered, the vitality of the entire organisation is endangered because people will inevitably question the integrity of all prior actions undertaken by the affected institution. I shall argue that bribery is wrong regardless of whether the bribe has any impact upon the actions of the recipient, for the motivation that underlies an action is as important as the action itself. Only when one knows institutional corruption to rife can bribery be deemed common practice; in this case, one has a moral right to violate the duties of their position, for their duties require them to engage in corrupt practise.
In conclusion, in failing to pass both Kantian and consequentialist formulations, bribery is morally wrong. Pragmatically, long term solutions sanctioning bribery are likely to result in public officials changing their decision making in the absence of bribery, and economic models and research on the whole predicts that the results will be costly in terms of economic efficiency, political legitimacy, and equality.
Abortion was made legal in the Unites States is 1973 but it remains one of the most controversial subjects today. Nearly forty-five years later, abortion is still being debated over and the question still remains if it is morally permissible. We see it on the news daily, and we see it being debated upon in political campaigns. Abortion is usually supported by the Democratic party and found to be immoral and impermissible within the Republican party. The article I chose to critique is about an undocumented teen from Central America who has come to the United States illegally and wants to have an abortion.
Business ethics are a set of moral rules that govern how a business operates, how people should be treated within an organization, and how business decisions are made. They are a crucial part of employment and in managing a sustainable business, mainly because of the serious consequences that can result from decisions made with a lack of regard to ethics. Even if you don’t believe that good ethics don’t contribute to profit levels, you should realize those poor ethics have a negative effect on your bottom line in the long-run. Every business in every industry has certain guidelines to which its employees must stick to, and regularly outline such aspects in employee handbooks.
Firstly, according to the Immanuel Kant’s approach on the moral decision making, some actions are always considered as wrong, since they are not under the universal law. The action of bribe taking can be viewed as stealing; therefore, even without thinking about the consequences that this action will produce, bribery will remain immoral even if given money goes to producing some goods.
In the business world there are many fundamental aspects and situations that can lead to several issues. In order to find an optimal and professional solution, business decision makers need to apply moral and ethical standards. And it is at that moment in which business ethics perform its role. Business ethics, which is in charge of examine how companies and individuals should act in business situations, is very essential in order to reach a common agreement and to work within the laws of business and solve an arisen dilemma. Working of the hand of ethical business companies, employees, investors, directors, and even individual officers can be beneficiated and obtain most favorable outcomes.
Business Ethics are much more than the buzz word stories on late night news. The Corporate Social Responsibility of a company goes well beyond that. “Business Ethics are moral guidelines for the conduct of business based on notions of what is right, wrong and fair.” (Bellow, 2012). Individual backgrounds play a huge role in person by person code of conduct can vary from employee to employer. To help solve some grey areas in what is ethically correct, companies now make a code of conduct that is over everyone in the company. This code of responsibility helps employees have better understanding of what is required of each and every one of them. “Corporate Social Responsibility is a business philosophy which stresses the need for