One of the most interesting ethical dilemmas that continues to plague ethicists and policymakers is the struggle to reconcile the need for free enterprise with the need for social justice. Another ongoing ethical issue is related to organizational cu Continue Reading...
Adam Smith's Economic Philosophy: Just as Smith's moral point-of-view was ahead of his time with respect to ideas that others would popularize later, Smith presented matter-of-fact observations on the nature of work and the relationship between wo Continue Reading...
Give me that which I want, and you shall have this which you want, is the meaning of every such offer" (Smith, 1776, p. 118-119). The unintentional consequence is thee same as it was before: an increasingly respectable and thriving nation, one so m Continue Reading...
(Smith, 1904) Smith on Labor The importance of the labor skills and the method of production of which the factor labor contributed the major share was the theme of the ideas of Smith. In the Wealth of Nations Smith argued that it was labor which c Continue Reading...
He deliberated that domestic investment generates higher income and jobs compared to investment made in foreign trade. Through choosing the backing of domestic to foreign investment, the capitalist planned exclusive his independent security and thro Continue Reading...
Given the proper incentives -- the ability to profit from hard work and risk taking -- people will strive to do well. Give two or three examples of business competition in which everybody wins. What are the defining characteristics of such games (i Continue Reading...
Labor Ethics Labor and Ethics The concept of ethics in both business and labor is one rife with contradiction. Especially today, where the public has come also to expect a degree of dishonesty, corruption and exploitation at the hands of corporate Continue Reading...
business and professional ethics in the movie "Wall Street." Discussed are the ethical principles that are violated as related to business; how greed is presented as part of American business; Gecko's view; how Buddy reacts and deals with the issues Continue Reading...
Business Ethics in Precapitalist America Precapitalist America The American Revolution was kindled by a growing dissatisfaction with the way colonial merchants were being treated by the English ruling class (Collins, 2011). In response to the Ottom Continue Reading...
83). Let us go through these arguments. The first argument does not suggest that a person involved in business should disregard any ethical obligations. One can economically survive in business without violating the norms of morality. Moreover, as Continue Reading...
Consumer Society or Capitalism Consumer society which evolves out of capitalism has its advantages as well as its disadvantages. But even with its disadvantages, consumer society has now become an accepted from of modern society. Under the pressure Continue Reading...
Greed Despoils Capitalism. Some businesspeople are greedy and do not have a conscience, however Wilder believes that capitalism does not necessarily require greed. According to Barbara Wilder in her article, "Greed Despoils Capitalism," ethical bus Continue Reading...
1. The clip “What is Capitalism?” presents a certain vision of capitalism. Do you feel that the image they present is realistic? I do not feel that the image of capitalism that is presented is realistic because it imagines that the Continue Reading...
However, a corporate executive, according to Friedman, would have to spend other people's money for a general social interest, by means of reducing returns to stockholders, lowering worker wages, or raising the price of products. However, herein lie Continue Reading...
Christian Biotechnology: Not a Contradiction in Terms Presented with the idea of "Bioethics" most people in the scientific community today immediately get the impression of repressive, Luddite forces wishing to stifle research and advancement in the Continue Reading...
Ethical Leadership Given the recent crash on Wall Street and the housing market symbolized by corrupt financiers like Bernard Madoff, ethical and moral leadership of corporations has become a major issue for those who study the American capitalist s Continue Reading...
These claims are virtually all based on the concept that corporations - particularly multinationals -- should be held accountable for their actions within their sphere of operations. "Corporations, for their part, have responded in numerous ways, f Continue Reading...
The law, in its present shape, and operating ethically in fact stalls managers and companies from becoming socially accountable. The regulations make business purpose. Enterprises consider their obligation to the common interest involving functionin Continue Reading...
Ethical Systems Ethical formalism. What is good is that which conforms to the categorical imperative. This is the ethical system of Immanuel Kant, which is normative and deontological. It is a universal ethic that asserts every person is to be trea Continue Reading...
In other respects, however, the evidence does not readily conform to theoretical predictions. For example, if gross job turnover is taken as a rough proxy for labor market flexibility -- and since stringent EPL reduces both hiring and firing -- it i Continue Reading...
Analysis of Leadership Communication: Twitter (now known as X)Evaluate the communications for how effectively leadership met the needs of internal and external stakeholdersThe decision-makers at Twitter, now referred to as X, astutely navigated a mer Continue Reading...
Secondly, the projects are diverted away from its target population because state institutions of these poor countries tend to be weak and inefficient. And in the process, we only encounter the "iron law of political economy" in which the resources Continue Reading...
Weber and Marx on Labor In the 19th century, leading social theorists such as Karl Marx and Max Weber believed that because its many inherent contradictions, the capitalist system would inevitably fall into a decline. More than a century later, how Continue Reading...
Specifically, Caesar masterfully showed how through building alliances one may achieve power and rise to the top of the leadership tier even in a group or society as vast as the Ancient Roman Empire (Abbott, 1901, p.385). The Roman Empire also prov Continue Reading...
The pioneering spirit of colonialism and of man's ability to make advances in stages of life primarily assigned to nature -- such as the aforementioned innovations in electricity and magnetism -- were all championed by the Enlightenment and carried Continue Reading...
The European Union also has its own version for corporate social responsibility. (Landau, 85) Thus the U.S. polity was forced to adapt international opinions and legislate both for the external and internal aspects of its economy. Human rights, labo Continue Reading...
Monopoly of Opportunity The concept of capitalism is often associated with concepts of free competition and opportunity and equal opportunity, where there is the ability of any firm to compete, and those with an entrepreneurial spirit may rise to t Continue Reading...
Robert Reich and SUPERCAPITALISM Background- One of the freshest, possibly most realistic views, of the modern 21st century economic systems in today's world is former Secretary of Labor and political economist Robert Reich. Currently, he is a Profe Continue Reading...
The idea is that, eventually, as standards of living rise in Mexico, Mexican consumers will be able to buy all of the same kinds of goods now regularly purchased by their neighbors to the north. In the meantime, in addition to lower labor costs, the Continue Reading...
" These metaphors play a powerful role in the history of philosophy, shaping and often distorting our views both of reason, mind, emotion, and body and of men and women. Other important discussions of gendered metaphors in philosophy include Irigaray Continue Reading...
Global Corporate Governance and Social Responsibility Microsoft Corporation An in-depth analysis of all possible factors responsible for the Social efforts Socio-Economic, Cultural, Technological and Legal Factors Strategic ideas involved in addr Continue Reading...
Terrorist Attacks on New York City Consumer Behavior and Risk Terrorism and Consumerism in the Melting Pot How has September 11 Impacted Americans Economic Impact of terrorism Outlook for the New York Economy Examination of the Effects on Busi Continue Reading...
3.4 Finally, I am interested in whether or not there is a trickle-down effect from leftist or rightist politics style at the provincial and federal levels. 1.3 Objectives 1.3.1 There are two major objectives for this research. The first is to comp Continue Reading...
This was usually the case with the proliferation of British rule at the time; trade was the predecessor to British Colonialism. For administrative purposes, Singapore became a part of Penang and Malacca which were two other settlements in the region Continue Reading...
