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Business ethics Essay Topics & Paper Examples

Better Business Bureau

The BBB was created to establish an environment of trust between buyers & sellers. This trust is created through the BBB’s “standards of trust”. Companies that abide by these standards in turn receive accreditation. As a not for profit, the BBB relies on funds from sponsors and members. Up until recent, the BBB seemed to have offered special benefits to those that paid a fee to become members. Such accusations have caused the BBB to address their current system and make changes to ensure fairness amoung members and non-members. 1)Who is the BBB’s most important stakeholder, business or consumers? ->The most important stakeholder for the BBB is the consumer. Yes, businesses provide the resources for the BBB, but they only…

Nike and Human Rights

1. What ethical issues faced by MNCs in their treatment of foreign workers could bring allegations of misconduct in their operations? •Ethical issues may include the violation of fundamental human rights of ‘sweatshop’ workers such as freedom, speech and discrimination. The treatment of their workers could be deemed ‘unethical’ by media who construe this view to consumers. Such allegations can and will have damaging effects with Nike having been taken to court already in the past. 2. Would the use of third-party independent contractors insulate MNCs from being attacked? Would that practice offer MNCs a good defensive shield against charges of abuse of “their employees”? •Not necessarily, as Nike will be using labour which is just managed by another party….

Social Implications of Business Ethics

For this part of my assignment I have been asked to describe the social implications of business ethics which face my chosen company. I will be looking at social implications such as trade unions and protest groups. I will then describe how these groups may affect my organisation. Government policies – The government creates the rules behind how a business is run and how it can interact with competition and other business. The government has the ability to change these rules and also the framework which then means that the business has to change the way in which it operates. An example of when a business has had to change the way it operated due to the government is when…

Ethical Issues in Business

The issue of ethical behavior is one of the top challenges facing organizations today. A good definition of ethics includes the thought of doing what is morally acceptable or what is “good” and “right” as opposed to doing what is “bad” or “wrong” (Sims, 1992). But why are these issues a concern for organizations? What can they do to promote ethical behavior from their employees? Organizations should be concerned with ethical behavior for many reasons. Even though ethical decisions are not always black and white, ethical behavior is important to the organization because ethical behavior enhances the corporate reputation, helps attract talented employees, and enhances the corporate image. First, there is evidence that profitability is enhanced by a reputation for…

What should Troy do

If troy has to work overtime on a business project then his boss, Mr Hunt has to compensate Troy with an overtime pay, if not then he will be exploiting Troy for his own gain. Troy does not have to pressure and exhaust himself over the projects since he is not a senior executive or a big shot at the firm making the big bucks. If that does not work, Troy can go to Mr. Hunt’s superiors and nd tell them about the situation. If that doesn’t do anything, threaten legal action. I guarantee they’ll change their tune real quick. One thing Troy can do is to take the work home and convince his boss that he will be working…

China, India, and Wal-Mart: Issues of Price, Quality, and Sourcing

1. What are the ethical issues associated with Wal-Mart’s extensive sourcing of low-cost products from China? Wal-Mart pricing is too low. As the world’s largest retailer, Wal-Mart leverages its huge orders to convince factories to sell goods at low prices that are not sustainable. This puts pressure on other brands to pay less, thereby setting a dangerous industry precedent. According to Correspondent Hedrick Smith: “We heard that story again and again from American manufacturers in sectors as diverse as electronics, apparel, bicycles, furniture, and textiles. They expressed private dismay at the relentless pressure from the likes of Wal-Mart and Target to cut costs to the bone in America and then, when that did not satisfy the mass retailers, more pressure…

Unethical Practice in Business – Walmart’s Gender Discrimination

Many businesses have gained a bad reputation just by being in business. To some people, businesses are interested in making money, and that is the bottom line. It could be called capitalism in its purest form. Making money is not wrong in itself. It is the manner in which some businesses conduct themselves that brings up the question of ethical behavior. Good business ethics should be a part of every business. There are many factors to consider. When a company does business with another that is considered unethical, does this make the first company unethical by association? Some people would say yes, the first business has a responsibility and it is now a link in the chain of unethical businesses….

Bshs305 R2 Ethical Scenario

Read the following scenario: Shannon is a juvenile probation officer with the Department of Juvenile Justice. Recently, she covered her coworker, Janet’s client load, while Janet was on vacation. Shannon met with several of Janet’s clients. After meeting with clients, she discovered a pattern in which the clients would report that they have not seen Janet in 2 to 3 months. However, the case files reflected face-to-face contact with all of her clients, despite what her clients stated. When Shannon investigated further, she found that the client notes were all at the same day and time, which is unlikely. Further, several of Janet’s clients needed referrals for counseling, but Janet never completed them and has not followed up to ensure…

Ethical Behavior in Business

In the business world employers and business owners should know that there is no room to be dishonest, or greedy dealing with a business. In reality people need to be held responsible and accountable for making sure that they are holding up and following ethical business practices. There is no reason that any business owner or manager should not follow the golden rule at work just like they would at home, treat people the way you want to be treated should work at all times. Thinking about the old saying “Ignorance is no excuse” would apply in business as well as in our personal life. (Mautner, 2005) It is best to study the business culture of all businesses all over…

Certified Public Accountant

No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc. , 222 Rosewood Drive, Danvers, MA 01923, website www. copyright. com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 070305774, (201)748-6011, fax (201)748-6008, website http://www. wiley. com/go/permissions. To order books or for customer service, please call 1(800)-CALL-WILEY…

Immanuel Kant

Deontological ethics are concerned with what people do and not with the consequences of their actions. It teaches some actions might be correct or wrong because of their nature, and it is the duty of the people to act accordingly, regardless of the consequences that might occur, for the good or bad. It basically means one has to adhere to the universal rules and guidelines irrespective of the consequences and act in accordance to them. Getting to the means is not important by the way or choice of getting to the mean is important. Immanuel Kant, the man who formulated this theory had a method to practice this theory and this was known as the maxims. Before testing the decisions…

Summary of Just Leave Me Alone: a Sad End to Whistleblowing

From 1980s, there are growth of voluntary activities in some of companies and brought changes in the public perception on corporate behavior. Realizing the bad publicity that could damage corporate brand image, code of conduct introduced. However, there are still unscrupulous activities and cases involving corporation. Subsequently, whistleblowing is take place to regulate corporation if code of conduct fails to do so. Whistle blowing can be interpreted as disclosures made on illegal, immoral or illegitimate miscounduct or practices. Whistleblowers are the one who reveal wrongdoings within an organization to the public or to those who hold positions of authority. Whistleblowing would exposing wrongdoings of the corporation and protects those who are in the corporation. Indirectly, it encourages and promotes accountability…

Ethical concerns

In this report I will be examining and explaining ethical concerns that communities face when a business operates. In this case I will be using Primark as the selected business. Primark within the past year or so have faced many concerns that have heavily affected the surrounding communities of where their businesses operate such as the sweat shops discovered within the UK. This was a big ethical concern due to the child labour and the incredibly low pay rate which broke UK trading laws and human rights. Although this was not as shocking as the Bangladesh disaster which involved the collapse of a large factory that Primark produced products in. The result of this caused many lives to be taken…

Assess the social implications of business ethics

Environment- the environment can affect the human activity. So for example; global warming which is the warming of the planet’s surface that is caused by carbon dioxide. In order to run a business efficiently they would need to make sure that their customers are aware of all the environmentally friendly activities that they do and that they are not harming the environment in anyway as some customers do take keeping environment healthy seriously. Sainsbury’s is really cautious about caring about the environmental and being eco-friendly and making sure that they are not causing any damage to the areas around them. They take the climate change seriously. They are concerned about the impact that they have on the environment. Their aim…

Managing Company Ethics and Social Responsibility

L’Oreal is the world’s top cosmetic products manufacturer. In 1907, it was founded by Eugène Schueller, a young chemist who developed a hair dye formula which was safe for people. He named the products as “Aurelióne” and offered to the hair salons in Paris. Within 2 years, he registered his own company as “La Societe Franeaise des Teintures inoffensives pour Cheveux”, which soon became L’Oreal. In 1920, the company employed 3 chemists in the laboratory. At the end of the year, there were 40000 hair salons in France and L’Oreal new products which are O’Cap, Imédia Liquide, and Coloral gained the most market share. In 1928, L’Oreal developed its diversification strategy by purchasing the soap company Monsavon. L’Oreal started its…

Business Ethics

What is ethics? What are some common ethical types? Why do business people need it? Can ethics be taught to people? Ethics is a study of morality, stems from the ancient Greek “ethos” meaning custom or habit. It is a study of theories concerning what is good and evil in human conduct. There is no particular set of laws defining what is ethical and what is not, because there is no right or wrong answer. The second sense of ethics speak of “codes of ethics”, which are a set of rules serve as guidance to people, often in fields of professions such as business or medical. Ethical contrasts with unethical, which goes against the codes of ethics. There are several…

Costco Ethics

Costco wholesale follows a very strict code of ethics, which are strongly enforced with their compliance program. Costco’s ultimate mission is to provide their members with quality goods and services at the lowest price possible. In order for Costco to achieve their mission, they must abide by their simple code of ethics which consist of, obeying the law, taking care of their members, taking care of their employees, and respecting their suppliers. Upon success of these four codes, they have the ability to reward their shareholders, which is their ultimate goal. In order for Costco to implement their code of ethics, they must follow an austere compliance program. Costco must first appoint or retain a Chief Compliance Officer who directly…

Business ethics

The lecture of Father Roa last February 16 is an introduction to Business Ethics subject. The discussion included businessman’s myth about business ethics, the relationship of ethics and business, moral reasoning in business, the theory of profit motive, and business ethics definition. These given me deeper understanding of the subject “Business Ethics and Social Responsibility”. Some of businessman’s myth about business ethics includes: Ethics is a personal affair and not a public debatable matter; Ethics and business do not mix; This in business is relative; Good business means good ethics; and Business is war. These myths will remain a myth. The relationship of ethics and business which cannot be separated from one another. Ethics is an unwritten law, written in…

Business Ethics

Business ethics is an important aspect of any organization, and all successful organizations adhere to business ethics. Business ethics ensure that organizations adhere to moral and ethical principles as they undertake their day to day operations. Business ethics ensure that organizations and employees conduct business while following ethical principles. It also enables organizations solve challenges they experience while following moral principles. Corporate social responsibility is a component of business ethics and it involves a commitment by organizations to follow ethical principles while at the same time contributing to social and economic development to both their stakeholders as well as the neighboring communities (Goree 43-47). Corporate responsibility entails following regulations and rules which govern specific industries and fields as well as…

The Relationship Between Business Ethics and Customer Relations

The relationship between business ethics and customer relations lies in the manner in which the management of various businesses apply the principles of ethics in their interaction with customers. As such, business ethics and customer relations may apply to the way in which a business conveys its products and services to customers and the manner in which it handles customer complaints. It also deals with the manner in which businesses address ethical considerations related to the health and welfare of their customers. An example of the relationship between business ethics and customer relations is a situation where a company falsely represents its products or services to its customers. A company that specializes in bakery products may advertise that its muffins…

Business Ethics

The aim of this essay would discuss on whether ethics is required or optional on business. On this essay it will analyse four ethics theory, namely Milton Friedman, R. Edward Freeman, Albert Carr and Carroll. Milton Friedman and Albert Carr illustrate that ethics is required whereas Edward Freeman and Carroll state ethics is optional. After analysing these theories, it is difficult to find out that whether ethics is optional or required. However choosing on whether ethics is optional or required would depend on the objective and personal characteristic on managers or leader. Furthermore this essay would state on the understanding on ethical behaviour or being a ethical organisation. By defining the meaning of business ethics, Crane and Matten (2007) illustrated…

Commerce: Ethics and Social Responsibility

In order to maintain social order and stability, people create a lot of rules to conduct the people’s behavior. A part of these rules of conduct is included in the scope of the law, which needs the coercive power of the country to protect its implementation. The other part belongs to the moral category, and it needs to rely on self-reflection and intervention of public opinion which can assurance its implementation. The business ethics is a part of commerce responsibility, and it is also a part of moral rules. Commercial activity is one of the most important activities in human society, and whether the commercial activity can run orderly have a tremendous impact on a society. A responsible commerce should…

A Primer on Sarbanes-Oxley

This paper identifies issues, activities and practices, in financial reporting by public companies that were sanctioned by the Sarbanes-Oxley legislation Act of 2002 (SOX). This act was passed with the intent to restore public confidence and increase transparency in financial reports of publicly held companies, due to the aftermath of the financial scandals that plagued companies such as Enron and Worldcom (Jennings, 2012). The problem to be investigated is the ethical issues that were legislated by SOX, the cost associated with the implementation of the new act on different stakeholders, and new governance practices required of public companies to insure compliance with the new act. Introduction SOX was implemented in 2002 as “an act to protect investors by improving the…

Evaluating a Business Code of Ethics

Businesses in today’s society share a purpose, a vision, that relates philosophy and principles of ethics to better meet the needs of the organization and stakeholders, including customers, employees, shareholders, suppliers, and communities. Without professional ethics, businesses and its programs would not have the ability to be successful. This paper will examine Humana, its business code of ethics, and its mission statement that assists in organizational values and goals of the company. The type of ethical system used by Humana will be explored, along with examples that support this system and its attributes. In addition, how the code of ethics is identified and used within the company will be addressed as it pertains to employees, management, and its board of…

Ethical and Moral Issues in Business

Ethical issues and Moral issues are completely different and it has different values. Morals are more of a motivational word based on ideas and if you are right are wrong. You give yourself a certain expectation and nothing can change that. This is standards that are set by you in order to have a great career in the future. Ethics is a professional based word that is based on your performance. The techniques in a workplace are professional and represented well if you can say you have good ethic skills. Your morals can be there but if you don’t have good ethics in the working environment, you may not be with that employer long. You can have good morals but…

Ethical Issues in Management

Every so often we hear the phrase “Business is business and a cup of tea is a cup of tea”. The contemporary business managers think quite on the contrary. Morals and ethics are the new paradigm and have taken the driving seat in the day to day working of the Management. Ethics contains code of conduct for a person to blend with others keeping in view the righteousness and goodness of the trade; whereas, morals are not primarily written but acted upon by most of society with rectitude. The modern manager faces several issues on the moral and ethical front as more teamwork is required to accomplish collective goals. Fraud, discrimination, nepotism, false marketing in advertorial manner is the name…

Corporate Social Responsibilty

In the world today, Corporate Social Responsibility (CSR) has become one of the most essential aspects adapted by governments and companies. The concept of CSR normally relates to the firm’s decisions in which would help out towards the company’s growth as well as improving the development of having a better society. The reason CSR has become very important for firms today is to counteract the growing public skepticism caused by corporate wrongdoings (Birth et al. , 2008). CSR is defined as “a model of extended corporate governance whereby who runs a firm (enterpreneurs, directors, managers) have responsibilities that range from fulfillment of their fiduciary duties towards the owners to fulfillment of analogous fiduciary duties towards all the firm’s stakeholders” (Sacconi,…

Ethical Dilemma

Stepping away from a company that has brought sales up to an increasing 15% will take courage. Will you have the courage to stand for what is right for the current workers working for a company that is working long hours and a few dollars a day or continue doing business that may cause backlash from the media and public? You are responsible for deciding if you will continue to do business with this company by your CEO while also having the name of your company in the local newspaper as doing business with equipment manufacturing company that doesn’t treat their employees with standards and morals. Ethics The company has standards to abide by and to conduct interactions with other…

Ethics Program

The success of Company X is largely determined by the ethical actions and integrity of the employees that support Company X. We are committed to providing education and dialog to promptly address ethical questions or concerns raised by an employee. Managers should encourage discussion amongst employees especially regarding ethics. Ethics dialog should become integrated into a normal work day to keep ethics fresh on everyone’s minds and allow for manager and peer coaching. Ethical dilemmas can occur at any level of business and all employees should be able to make a decision that properly reflects the values and integrity of Company X. We must strive that every action at Company X promotes credibility and builds trust both internally and externally…

Business Management: questions and answers

1. Define business ethics. Who determines whether a business activity is ethical? Is unethical conduct always illegal?Business ethics is the principles that determine the acceptable conduct in the business workplace. Customers, competitors, government regulators, interest groups, and the public determine whether a business activity is ethical. No, not all conduct is always illegal. 2. Distinguish between ethics and social responsibility. Ethics is the conduct that is acceptable in the business area and social responsibility is the business’s obligation to make a positive impact on society and lower its negative impacts. 3. Why has ethics become so important in business?Ethics has become so important in business because it builds trust among individuals and in business relationships, which leads the company and…