Business Ethics and the Art of Inclusion: Women in White Collar America
The quantity of female CEOs at Fortune 500 companies decreased by 25% in 2018, falling from 32 to 24: this means that only 4.8 percent of the most profitable 500 firms in the world are run by women in America (Stewart, 2018). How one can achieve inclusiveness within the workplace is definitely a hot-button issue in today’s workplace, particularly given the climate. Social movements for equality and safety in the workplace for all genders such as the #metoo… Continue Reading...
their primary stakeholders around the world.
The Impact of Business Ethics on Stakeholder Relationships
Business ethics impact stakeholder relationships in major ways. Ethical business practices show respect for stakeholders. Known as the stakeholder systems approach to business ethics, taking stakeholders into account is one way organizations can shift their moral reasoning to better reflect the mission, vision, and values purportedly embedded in the company’s ethical code (Mason & Simmons, 2013). Corporate social responsibility and environmental responsibility are both becoming strategic business practices that improve relationships with stakeholders by demonstrating respect. Research shows how businesses demonstrating openness to change, flexibility… Continue Reading...
risk of violating compliance (Jamshidinavid and Kamari, 2012). Addressing business ethics and responsibility issues within a business entity begins the compliance of the pertinent legislations and codes of practice. As a provider of business needs with scarce resources, there is the need to have the capability to make a distinction between the appropriate and inappropriate way of taking expense into account when making decisions regarding practices and processes of clients. In the contemporary business setting, the role that is played by accountants is significant. The data and information that they provide is pivotal in helping managers, investors, together with… Continue Reading...
focus on organizational culture, leadership, and ethical decision making within the corporation. The film illustrates the core concepts of business ethics and shows how executives shape company values and behaviors. Disturbingly, the Enron case also shows how unethical corporate behavior is linked with unethical behavior in government.
Summarize in one paragraph how you would explain Enron's ethical meltdown
Enron's ethical meltdown is a result of two interrelated issues: unethical individuals making unethical decisions, and an organizational culture that enables unethical decisions to proliferate. The unethical decisions and behaviors mainly have to do with stock market manipulation and the falsifying of information related to the actual performance of the firm.… Continue Reading...
business ethics (Wong, 2008). Business ethics are key to not just success in business, but longevity as well. While shady business practices might be profitable in the short-term, even if the short-term is ten years, for example, such behavior is never something that is sustainable. As the Bible states, “for whatsoever a man soweth, that shall he also reap. For he that soweth to his flesh shall of the flesh reap” (Galatians 6:7, New King James). Such a quote demonstrates how kindness, humility and faith in a higher power can beget more… Continue Reading...
cumulative GPA. This way, when he passes the screening process, he is capable of providing any documents required (Mintz, 2016).
3. The 2011 National Business Ethics Survey defines "active social networkers" as people who spend more than 30% of the workday participating on social networking sites. According to the results of the survey, active social networkers air company linen in public. Sixty percent would comment on their personal sites about their company if it was in the news, 53% say they share information about work projects once a week or more, and more than a third say they often comment, on their personal sites, about managers, coworkers, and even clients. What are the dangers… Continue Reading...
and it applies perfectly well in business ethics. One cannot go wrong if one adheres to the Golden Rule. Second, I asked, “Does following the Golden Rule benefit myself?” I answered that, yes, it certainly does because when you treat others the way you want to be treated you cannot expect that anyone will be hurt by your actions, as I would never set out to hurt myself. Third, I asked, “Can I see myself as a good person if I follow the Golden Rule as my ethical framework?” I answered that, yes, of course I… Continue Reading...
Though Toys ‘R’ Us has recently announced bankruptcy and closures of its stores, a business ethics situation has arisen related to the compensation packages given by the company to its executives. As Held (2017) points out, “a bankruptcy judge has granted struggling retailer Toys R Us permission to pay millions of dollars in bonuses to executives after the company argued it was necessary to motivate its top brass during the critical holiday shopping season.” The problem, as Judy Robbins of the Justice Department’s U.S. Trustee Program has shown, is one of accountability. Ethically speaking, the bankruptcy court’s allowance of this goes against all sense… Continue Reading...
accepts Bill's invitation, there could be organizational consequences in relation to business ethics. Such a decision is likely to generate concerns that Joe influenced Bill to maintain the current higher price and award the contract to UWEAR or that Bill influenced Joe to lower the price of the offer. Secondly, if Joe declines Bill's invitation, it could significantly harm their good working relationship, which bas been strained lately because of contract negotiations.
Part II -- Joe's Decision
While the situation generates significant ethical concerns and issues, Joe must make a decision on whether or not to accept Bill's invitation. Given the… Continue Reading...
of compactor available for sale. This was meant to draw undue benefit from the customer. This is against business ethics and customer service norms. It is also against the Handy Andy way of conducting its business for the retailers to enter into unauthorized business dealing.
2. It appears that the factory distributors are exploiting the licensed retailers. Yet from what we can tell, Handy Andy in St. Louis has heard no complaints from the licensed retailers. Why wouldn’t they complain?
The failure of the licensed retailers to contact Handy Andy as regards issues of exploitation can be attributed to failure to enjoy proper channel of communication. This is… Continue Reading...
Schardin, 2017).
The impact of these laws on business ethics
The FSGO, SOX, FCPA and CFPB have all had a range of impacts when it comes to business ethics, such as:
a) Establishment of suitable procedures and standards for preventing and identifying issues.
b) Establishment of program supervision on the part of board members and other senior managers.
c) Demonstration of due diligence when it comes to persons to whom considerable discretionary power (with regard to the program) may be delegated.
d) Establishment of sound training and communications.
e) Establishment of an initiative for sound supervision, auditing and… Continue Reading...
elements are discussed pertaining ethics (O'Connor, 2011). The media has remained vocal on controversial issues of business ethics. Additionally, these concerns have emerged from political and consumer groups, charity and religious organizations, and various professional bodies.
The article engages the discussion on ethical dilemma concerning people management practice. Dilemmas that HR professionals face include role conflict, organizational change, accuracy in reporting, behaviors of leaders, and attitudes of bosses towards staff members.
Ethical Dilemma
HR professionals encounter contemporary real-life challenges in the workplace. These issues emerge from different dimensions that could jeopardize organizational processes. Role conflict stems the disagreements because of the obligations that individual and group… Continue Reading...
