Business ethics

Ethics and Social Responsibility MGT/498 February 26, 2013 Ethics and Social Responsibility Companies, such as Enron and WorldCom brought new awareness of the terms ethics and social responsibility. Thus, corporations are including ethics as part of the company’s strategic planning objectives (Cato Institute, 2013). This writing will assess the role of ethics and social responsibility in developing a corporate strategic plan. Further, the…

Good: How to Navigate the Ethics of Everything, there are a few things I have learned about the role of ethics in business. Applying some of the books information with my own personal reflections and class sessions, I have learned that a business’s ethical beliefs often times greatly effects the companies partners, clients, and employees. In the pages below, it is my intention to highlight and compare the effects of personal ethics and the impact of business ownership. Ethics can be defined as…

The importance of global ethical business responsibilities has gained recognition for many reasons. Today, companies have set standards for which they must go through in order to conduct a global business. For many, the motivation to earn a profit and transfer the capital is not the primary driver in doing business; rather it is the primary enabler of sustained activity (Freeman et al. 39). One’s decisions can be affected by establishment of personal qualities, including things such as moral…

Worldviews Business usually involves exchanging goods and services for payment. This definition implies at least two parties are involved in the exchange. According to this week’s lecture by Larry Ruddell, the covenant relationship referenced in the Bible between Abraham and God serves as a basis for the Christian worldview of business ethics. God initiated the covenant and made a promise. The covenant was sealed with a sign. Ruddell states, these Christian worldview ethics flow from…

one’s ethical principals are put to the test. Leaders must be prepared for the time when the ethical path forward is not the most profitable in the short-run. Business ethics has evolved from the unorthodox strategies of Lockheed in the 1950s, rampant bribery in the 1970s, the Defense Industry Initiative (DII), and, ultimately, to the Ethics Challenge Game. During the Korean War, US pilots told Lockheed executives the North…

Code of Conduct Sprint Corporation, Inc. Since the beginning of trade, ethics has played into business. Although codes of conduct have been documented for many years, there still continues to be scandals in corporations concerning ethics. “The very exercise of developing a code is in itself worthwhile; it forces a large number of people...to think through in a fresh way their mission and the important obligations they as a group and as individuals have with respect to society as a whole." A…

“Ask three people you know, preferably of varying ages, whether they think businesses are concerned with ethics? Why or why not? Report your findings for the initial discussion post”. On Tuesday August the 18th I went out and solicited three responses to the question “do you believe businesses are concerned with ethics”? The responses to that very simple question were very diverse in content, but very similar in their tone. Below I have listed some of the general responses based on age of…

ambition, and the importance of business ethics is more crucial than ever. Businesses need to be conducting themselves in a manner that reaches beyond solely profit-based…

Emp Ethics refers to recognized philosophies of right or wrong that motivate the behavior and or actions of a person or organization. Ethics can be seen as ideological thinking about morality, moral problems, and moral judgements. (Kidus G.Mehalu, 2011) Ethics can also be defined as a study of what is good or right for human beings, what goals people “ought” to pursue, and what actions they “should” perform. (Kidus G.Mehalu, 2011) People are guided by their sense of morals based on a…

Benefits of Ethics and Corporate Social Responsibility In today’s corporate world of doing business, it is now an established fact having quality business ethics practice will contribute immensely to the success of an organization. Quality business ethics mostly lay more emphases on examining and probing the conduct and policies at both individual and organizational levels. Giving rise to the way organizations do business, because more companies, firms, organizations and individuals are noticing…