Imagine living in a society where utilitarianism was exercised on a daily basis and we no longer depended on rules, norms or customs to operate. Such society that anything and everything is based on positive contributions to human beings and the society as a whole. According to the internet encyclopedia of philosophy, utilitarianism focuses on determining whether actions are morally right or wrong depending on their affects to society (Nathanson). Utilitarianism consists of 2 main types, act…
Several theories were derived from the Modigliani and Miller (MM) theory. The MM theory was created in a utopian world for corporations, with no taxes, no bankruptcy or brokerage costs, and no impacts by the use of debt, to name a few assumptions the MM theory made. Although the MM theory is unrealistic, it helped firms apply and change the different assumptions to determine which capital structure was the best for the firm, and how these assumptions would impact the firm. The Trade-Off Theory…
Carson’s View on Ethics in Sales and the Golden Rule The art of business and sales can be seen as a grand balance of give and take. Thomas L. Carson explains in his essay “ The Ethics of Sales” that we first need to distinguish between lying, deception, withholding information, and concealing information; this is stated in reference to the beginning the understanding between ethics and business sales. Carson later adds that there are four main duties that salespeople should have and that are…
DeCelles and Pfarrer (2004) development of a multidimensional model that examines the role that stakeholder pressures, environmental factors, charismatic leaders, and their followers play in corporate corruption. To illustrate the effect of conflicting stakeholder interests on an organization, DeCelles and Pfarrer (2004) put forth the following example. In order to address the increasing demands of stakeholders to improve ethical standards, an organization might be compelled to implement ethical…
The Effects that Scandals and Ethical Violations have on the Future Culture of Companies The lasting effects that a scandal and/or ethical violation can have on a company’s reputation and potential profits can be a key determinant as to whether the company can rebound from such circumstances. Some companies are able to rebound from scandal rather quickly (), while others (i.e. Wells Fargo) are still dealing with the effects. The challenges for companies and its employees rely on their ability to…
Sustainability Sustainability is defined as a company’s ability to achieve business goals and to increase long-term shareholder value by integrating economic, environmental, and social opportunities into their business strategies. Other definitions include sustainability being the management and coordination of environmental, social and financial demands and concerns to ensure responsible, ethical and ongoing success. Simply put, it is the process of using things in a way that will ensure long…
Veasey and Di Guglielmo (2006) identify the following competing models of corporate counsel: “gatekeepers”, “corporate advocates”, and “persuasive counselors”. Discuss these roles with reference to challenges faced by in-house and external lawyers, and explain which role(s) you think corporate lawyers should play. The role of a modern day corporate lawyer is one that has undoubtedly sparked a huge amount of debate in recent years. The numerous ways in which these professionals should conduct…
attaining corporate objectives. 5. Identify that the governance of risk is a board responsibility Establishing a sound system of risk oversight and management and internal control is another integral role of the board. Effective risk management assists better decision making because it develops a deeper understanding into the risk-reward trade-offs that all organizations…
インタビュー Robert Noble (Noble Environmental Technologies CEO) San Diego, United States プロフィール Founder and Chairman of Noble Environmental Technologies. He is also an architect, environmental designer, industrial designer, and environmental technology entrepreneur. Over his career building sustainability-driven enterprises, he has been awarded Entrepreneur Magazine’s Environmental Innovator of the Year, the American Lung Association of California Clean Air Award,the Edison Award and many others.…
a set of specifications. Sustainable development must meet the needs of our future generations with regard to health, education, access to water and employment. Sustainability in design should improve medical care, cultures, social services, quality of life and also our social well-being. ("Sustainable development: definition, background, issues and objectives",…