Introduction Beliefs, which try to define what is right or what is wrong, have emerged in social circles. However, ethical behaviours are observed in individuals’ attitudes towards others. Business ethics concern workers’ behaviour in their workplaces. Essentially, personal ethics concern behaviours that are believed to be good or bad when...
Introduction The Internet has brought so many benefits with it, including the ability to communicate instantly with the rest of the world at the click of a button. Many people have been able to trace their long lost friends through the social networking sites such as Facebook. This site has...
The moral is the thing which distinguishes human beings from animals. With the development of society, people created new principles, whose main aim was to control the behavior of a person in the community and coordinate his actions. That is why it is not surprising that the issue of moral...
Introduction White collar crime refers to the peaceful offense committed with the intention of gaining unlawful monetary benefits. There are several white collar crimes that can be committed. They include extortion, insider trading, money laundering, racketeering, securities fraud, and tax evasion. Enron Company was an American based energy company. It...
Introduction Corporate Social Responsibility (CSR) is one of the components of business practices that generate significant value to the firm. In fact, most firms illustrate the importance they attach to the practice due to its ability in value creation. While some studies indicate varying results on the relationship between CSR...
Introduction Mellow Monk attempts to demonstrate business ethics in the tea industry to be successful as an international organization. Through the application of a developed ethics program, the company goes on to develop so that it can meet the evolving ethical issues in the business setting. Through understanding the present...
Business ethics involves choices and judgments about acceptable standards and principles of conduct that guide behavior of individuals and groups. Basic standards of business ethics are codified as laws and regulations to encourage organizations to conform to society’s expectations of business conduct. Business ethics requires individuals and organizations to accept...
Introduction The term ‘Business Ethics’ refers to certain decent standards that guide the business and corporate behaviors to ensure an organization achieves its objectives. Just as there are standards and guidelines that determine the actions of a person, there are also standards that determine how a business or company should...
The difference between moral issues and ethical issues is subtle, as the term moral refers to issues that influence the character of an individual while ethics is used with regard to the social system in which the morals are implemented. This implies that the code of behaviour expected of a...
Introduction The success of any organization depends on the set of moral aspects of governance and conduct that influence the operations of the firm. In other words, business organizations should embrace the application of well-founded principles of right and wrong that stipulate the employees’ obligations and benefits to the community...
Introduction According to Ahner (2007), business ethics is described as the set of behaviors that a business observes while conducting its operations. Business ethics and morality consider how a business interacts with its clients. The two virtues influence companies, other business entities, government organs, and other organizations. Although a considerable...
Wheelen and Hunger (2007) argue that when an organization is faced with difficult decisions, it should recognize that the decision-making process does not only affect the company and the employees, but it also affects the company’s stakeholders, and the public. The decision arrived at should cater for the interest of...
Executive Summary When advancing businesses or projects, it is important not to forget the consequences of the proposed project. This is because there are impacts, either on the environment or on individual lives or a community, that are caused by every endeavour. Construction of the Wonthaggi Desalination Plant (WDP) is...
Some of the core ethical and social responsibility issues presented by BP’s behaviour During the investigation, it emerged that BP engineers were in a hurry to reduce costs and delay. In addition, they had also cut corners on good design, safety features, and safety tests. Obviously, the company failed to...
Introduction Technology influences interaction between people in the workplace. For instance, social media enables employees to exchange information via chartrooms. Although social media makes people more productive in the workplace, the paper confirms that it is often associated with various ethical issues that have to be addressed to maximize employee...
Introduction Every company has a code of conduct that governs the operations in one way, or another. In fact, each company shares its values and rules to gauge the behavior of all employees. Scholars and non-scholars define ethical compliance as due diligence and the promotion of organizational culture, which encourages...
Background of the company The Louis Vuitton is a multinational company based in France that was founded in 1854. The company is a renowned fashion house dealing with products such as sunglasses, fragrances, cosmetics, fashion apparel, and cloth distribution. Over the years, the company has spread its business activities across...
Abstract This paper explores the notions of business ethics and responsibility. The concepts of ethics and legislation are studied and compared. The ideas of business ethics and corporate social responsibility (CSR) are discussed; the key notions of business law, including business torts and employment legislation, are considered. The specific difficulties...
