Introduction In 2017, Big-Box’s IT systems were compromised, leading to a large leak of customer information. According to preliminary data, the personal information of about a million users was disclosed. First, the company created a crisis communication group to collect, process, and disseminate information necessary to resolve the current situation....
The fraud in Dixon, Illinois, involved Rita Crundwell, who was a city employee. Crundwell was the treasurer and the comptroller of the small town. Everyone trusted her, and whenever a person had a question, they were directed to inquire from Rita since she was well versed with the city’s finances....
Introduction Understanding how the choice of an ethical strategy shapes a company’s performance in the global economic setting is central to running a company effectively. Therefore, a study that examines the subject matter, namely, the key ethical provisions that an organization may follow in the global market setting, as well...
Summary The increasing internationalization of the world economic process presupposes the unification of the rules within one’s business culture and the norms of international business ethics and the recognition of the criteria of business ethics. To achieve high performance in almost any type of commercial activity, each participant in business...
Martin Marietta is a leading supplier of building materials and a producer of technology for the government. Founded in 1961, this American-based company operates in more than twenty states. In the past decades, Martin Marietta earned significant public recognition for its performance and collaboration with federal authorities to create effective...
Summary For more than eight decades, the modern paradigm of corporate responsibility in business has been one of the central interests of the company’s functioning and long-term development. Essentially, the notion of corporate social responsibility (CSR) concerns the fact that the business segment, as a significant part of the global...
Introduction Business decision-making is commonly a complex issue that involves a multitude of factors and requires managers to integrate the interests of multiple stakeholders to validate a reasonable solution to any given problem. Whether dealing with everyday business operations or when solving a challenging ethical dilemma, philosophical frameworks are helpful...
Fair labor choices are critical for ensuring that the best people are hired for specific jobs. Hiring the proper individual for a task helps a company gain from new expertise, and revenues and profits will likely grow. Living wage involves the rate of pay per hour that helps a household...
Introduction Nowadays, large companies often have problems concerning the so-called work ethics. Former employees keep trying to sue them for discrimination because of skin color, sex, or religion. In such a case, a company faces dilemma that cannot be easily solved. However hard they try to eliminate repercussions, their reputation...
Abstract These days, businessmen are interested not only in gaining maximum possible profit, but also in maintaining their positive image in the eyes of the broad public, and, consequently, increasing attention is paid to business ethics. In general, it implies regulation of professional conduct when ethical issues arise and contains...
Introduction Business is ultimately based on human interactions, which means that differences in cultures and perspectives inevitably play a significant role. As a result, any company that wants to be successful and efficient needs to pay sufficient attention to cultural and ethical considerations alike. Awareness about things like high-context and...
Introduction The aim of this paper is to assess ethical organizational culture and how it may affect innovation within an organization. Ethics in business has evolved to become one of the critical factors that define the success of a firm in the market. According to Riivari and Lämsä (2014), when...
Workplace ethics can be described as the acceptable code of conduct or behavior expected of both employees and employers. These codes of behavior stem from the realization that work should be guided by diligence, morals, and virtues, which are inherently beneficial to business sustainability. Whether the ethical issue pertains to...
Laying the Framework for Change Ethical Practices and Effective Leadership Ethics is a crucial element of numerous real-life processes, which ensures that relevant moral principles are always followed. Generally, this phenomenon is defined as a combination of moral guidelines that distinguish between appropriate and inappropriate behaviors governing human activity on...
Introduction Ethics has been a significant field of study for centuries. Indeed, such philosophers as Socrates and Plato have addressed an age-old question, whether it is possible to identify universally applicable ethics (Kacerauskas, 2019). The overall subjectivity of ethical and moral issues implies that universal ethics is impossible. Moreover, in...
Introduction The contemporary business environment is characterized by globalization, unprecedented technological advancements, and fierce competition. These factors have necessitated the adoption of adoption and incorporation of ethics and corporate social responsibility (CSR) into business operations for enhanced success. Ethics can be defined as the moral principles that govern the way...
Introduction The disastrous oil spill caused by an explosion on the Deepwater Horizon in 2010 had fatal consequences of environmental damage, community loss, and a number of deaths and injuries. Moreover, the tragedy has forced governments and companies to rethink the burden of corporate responsibility, environmental ethics, and industry regulation....
Aristotle Originating from Ancient Greece, the philosophy of ethics was developed largely by Plato, Socrates, and Aristotle. The latter contended that ethics must be rooted in principal virtues and assumed that happiness, or eudaimonia, had to be the telos, or the end goal, of any human being (Byars & Stanberry,...
Introduction Ethical responsibility involves behavior that is not necessarily regulated by law and does not always serve the direct economic interests of the corporation. A company that makes ethical decisions respects the rights of its employees and treats them equally, except in cases where organizational goals and objectives require it....
Introduction Volkswagen is a car manufacturer that sells automobiles all around the world. However, US regulators have noticed that some of the company’s claims regarding emissions may not be truthful. The cars have been examined, and the examiners found that the engines were programmed to detect when tests are being...
Introduction Entrepreneurs and business managers use business ethics as a compass to possess a guide when they make decisions on controversial issues. Business ethics is a broad spectrum of philosophical and moral concepts applicable to business, including the problems of corporate governance, bribery, employment policies, and responsibilities before society. This...
Introduction Chiquita Brands International is the leading banana distributor in the United States, which in 2003 was accused of funding the AUC terrorist organization in Colombia. Doing business in Colombia is risky due to the difficult political situation, and the company was forced to send money to the AUC to...
Introduction Wirecard is a German company that provides financial services, the most critical of which is processing payments. It was founded in 1999, and Markus Braun, who served as CEO until the peak of the firm’s scandal in late 2019 and early 2020, at which point he had to resign....
Introduction Climate change is a problem that impacts every profit and non-profit organization across the world. Supply chain activities are primary contributors to the carbon footprint, thus require attention. Over seventy-five percent of the greenhouse gases in organizations originate from supply chain activities (Lee 1218). Releasing such toxic gases into...
Although companies experience competitive pressure induced by globalization, they should promote labor rights, basic wages, and unionization in developing nations where they operate. For multinationals seeking to increase profitability, robust worker protection policies impede the most efficient utilization of labor and create investment disincentives. Consequently, these organizations view weaker unions,...
Introduction A number of our customers have expressed concerns over the composition of our human resources. Some specific groups feel that our staff is not representative of the various people we serve and have shown dissatisfaction with this arrangement. Some of our senior clients feel that we have focused on...
The Yale Center for Emotional Intelligence launched a comprehensive study with over 14,500 workers across industries in cooperation with the Faas Foundation to fully explain how Americans perceive the workplace. People reported that the most common experiences they had were rule breaches (29%), lying (27%), and working in an unhealthy...
It is well-known that the goal of any business is to maximize profits for its owners and shareholders. However, in the 21st century, the ways and means by which companies go to accomplish this objective, inherently matters. Two terms that have become popular in the business and management lexicon are...
Current Budget and Policies of the South African Government Understandably, the South African government has taken strategic and prudent measures to ensure that the funding for the management and control of the HIV (Human-Immuno-Deficiency-Virus)/ AIDS (Acquired-Immuno-Deficiency-Syndrome) pandemic is adequate and comprehensive. Considering budgetary allocation, the Treasury Department in the South...
The importance of an ethical environment in the workplace cannot be underestimated since it supports the employer’s positive reputation and improves the moral state of the employees. Nowadays, it is inadmissible for a company, especially for the popular one, to violate basic ethical rules because it can damage one’s business...
The Major Stakeholders There are two major stakeholders in the Internship Swapping case, Karen Fletcher and Janet Patterson. Karen has the position of the executive officer at Blackheart Inc, which provides a wide range of financial services. She has a perfect reputation and professional background that gives her significant authority...
Introduction Economic crises are believed to be recurrent phenomena that represent a natural item of the economy. Some economists argue that crisis reoccurs in cycles, signifying a renewed and transfer to a new stage of development (Markham, 2015). However, in most situations, economic crises are deemed as generally negative phenomena...
In recent years, resources mobilization has become a challenge to museums all over the world, especially with the continued decline in public funding. The French government was the first to start cutting cultural spending in 1993. The government of the United States currently accounts for only approximately 28% of the...
Off-shoring labor for business entities and profit management has posed significant controversies. Certain decision-making processes have been evidenced to have greater implications for both employees and employers. In this case, business organizations are virtually limited by laws and regulations, and profits. For instance, a successful firm is one that operates...
There are several issues that make the conversation an ethical problem. There are employees who are judging their colleague, Stanley, by his dressing. They look at the appearance of his hands and conclude that he might be some low-level employee of The Company working at The Plant or maybe not...
Introduction Competition can be a motivation to compromise on quality and focus more on the result of a product than the actual process of making it. Most firms, both local and international, have sometimes had to take responsibility for irresponsible actions resulting from competition and posing a considerable danger to...
It is essential for any organization to have an ethical code because it helps professionals and entrepreneurs conduct business honestly and morally right. Generally, an ethical code aims at regulating the performance of an organization at three levels. At the first and the most basic level, an ethical code regulates...
Introduction Social responsibility is important in business since it promotes ethics and extends a positive impact on the environment and society. A responsible company is concerned about the influence of its decisions on the community and ensures that its behaviors support sustainable welfare, development, and health. It also encourages accountability...
The ethical decision-making process in business analysis comprises six consecutive steps. First, it is important to allocate the time for defining the problem, which brings a clearer understanding of the issue and associated problems related to ethics. Taking time is the natural characteristic of opinion leaders, who might remain silent...
In every business industry, it is important to consider the current political, social, legal, and economic situation. Moreover, a successful company is associated with social responsibility and adherence to its core values. Chiquita Brands International is one of the examples of how disregarding moral and legal principles in a challenging...
Summary The journal article “Ethics in finance and accounting: Editorial introduction” by Melé et al. (2017) provides highlights the ethical challenges that the financial and accounting department in business experience. It emphasizes the importance of integrating morals into the institutions to eliminate the numerous scandals that organizations may face. Moreover,...
Introduction In business world, nothing can undermine relationship between business operators and their customers than lack of trust. Every success in business operation is determined by the trust one has established with his or her customers. Building a trusting relationship between clients and business operators is not an easy task....
Introduction The concept of corporate social responsibility (CSR) has become critical in the world of business today. Companies that embrace the model focus on the best approaches to transform stakeholders’ experiences while maximizing profitability. Entrepreneurs who ignore these ideas will find it hard to have successful businesses and eventually become...
There is a rising level of scrutiny on the way organizations and their workers handle their activities. This is done to establish if their work is in accordance with general ethics. It is therefore necessary for any organization to respond not only to the scrutiny but to raise the standards...
Introduction Although goals stimulate employee and organizational performance, indiscriminate and rigidly set objectives encourage the nurture of inappropriate business practices. Wells Fargo’s fake accounts fraud highlights the tragedy of incentivizing achievements and pressuring staff to accomplish aggressive targets and predetermined bottom lines. From 2002 to 2016, America’s fourth-largest bank encouraged...
Introduction This reflection paper discusses a TED talk about business ethics and how they relate to individuals. It was delivered by Alexander Wagner, an economist and professor at the University of Zurich, and uploaded to YouTube on September 27, 2017. In it, he discusses the fundamental motivations that drive people...
Introduction The concept of business is drastically different now from what it used to be when it first originated and even from what it was like a hundred years ago. The first forms of business appeared in prehistoric times in the form of small manufacturers and stores. Now large corporations...
Abstract Ethical practice is essential for success and increased productivity in the business environment. A variety of ethical challenges impact both employees and their organizations. The most important issues are financial impropriety, harassment and discrimination, health and safety, privacy, and social media. Each of the aforementioned issues impacts businesses in...
Introduction Business ethics is the kind of behavior which the company decides to adhere to in its daily operations with its environment. Ethics guide the business deals with its employees, customers, suppliers, and the rest of the world. The aim of the business should not be making money only but...
To have control over business functions or activities, resources, and public image is crucial in managing entities. On the contrary, companies are under pressure to achieve growth despite the economic, social, or political turmoil experienced in the modern world. Unethical behaviors stem from the urge to achieve financial gains, with...
Introduction Ethical behavior in business is a somewhat controversial topic since each company has different ethical guidelines and rules. While ethics have nothing to do with law, there is an overlap between these two aspects (Hartman et al., 2020). According to researchers, there is a correlation between unethical business practices...
Introduction Nowadays, the environment tends to be affected by businesses of a different character to a great extent. What is more, not every company demonstrates caring about its environmental duties, which harms the state of affairs of the global community. Various international organizations, initiatives, and responsible citizens aim to contribute...
Ethics in business means conducting a business in socially, economically, politically and environmentally friendly manner; it aims at developing good relations between business and its environs. Business ethics can also be defined as the philosophy of doing business. This is the knowledge of what need to be done and doing...
Introduction Nike is one of the leaders in the sports footwear and apparel market, operating globally. The company was incorporated in 1967, and since then, it remains one of the largest producers of sports footwear and apparel (Nike, 2020). The manufacturer’s mission is to assist athletes in realizing their potential...
Introduction In the Scenario, George is a Licensed Behavior Analyst and a Board-Certified Behavior Analyst (BCBA/LBA). He is experienced in vocational and social skills training, but he takes on a new client out of his range of expertise. This client’s self-injurious behavior requires specific training, which the BACB does not...
Glaxo Smith Klein (GSK) is a company that specializes in pharmaceuticals, and its most popular products are respiratory treatments Ventolin and Advair. The headquarters of this organization is located in London, but it has branches across the globe. In 2017, GSK’s estimated profits were $40.4 billion (Compton, 2020). Since GSK...
Study of Business Ethics In the modern world, ethics in business is becoming increasingly important, as scandals that are widely publicized have unpleasant consequences – from people’s anger to distrust of the organization. Therefore, there is a necessity to combine responsibility and ethics in all decisions made in the business....
Introduction Modern businesses are having trouble when ensuring that their interests coincide with those of other entities including citizens, future generations, and the environment among others. Consequently, companies are expected to take direct responsibility for the impact that their operations have on the environment and society at large. The main...
Changes to Sarbanes Oxley Act Twelve years ago, finance embezzlement at numerous companies destroyed the picture of USA capital market. This caused financial problems to investors, pensioners, financial market, and communities. As a result, some firms went out of market leading to destruction of the confidence people had in financial...
Maintaining an ethical stance in business decision-making is an excessively challenging task used to the pressure of multiple factors, including high competition rates, the presence of organizations that bend ethical standards, and other adverse influences. However, adhering to principal ethical values and practices is central to running a successful business...
Introduction KPMG is a company consisting of professionals who provide tax, audit, and accounting services. It has recently been implicated in two major scandals, which resulted in fines being paid by the firm. Since KPMG wanted to score highly in the Public Company Accounting Oversight Board (PCAOB) inspections, some of...
In most companies, many of the marketing strategies concentrate their attention on origination, development, realization, and popularization of a unique, original and successful brand. The creation of such a brand requires quite a lot of research in different areas to make this brand memorable and popular. It has been established...
Introduction This research shows that American companies have not prepared their management teams to handle transgender employees. It draws from existing studies with a specific focus on gays and transgender employees in the workplace. The general population has often misunderstood and disregarded transgender and gay people in the community (Burgess,...
Introduction Ethics plays a vital role in terms of helping accounting professionals to cope with the people who rely on the services that they offer. People who rely on the services that accounting professionals offer expect the financial statements of their firms to be dependable and free from bias (Mason,...
Introduction This paper discusses in details what the corporate social responsibility is and gives its historical background. Corporate social responsibility is an important aspect any organization whether small, medium or large should undertake. Taking an organization as a system, corporate social responsibility provides an avenue where the organization interacts with...
Introduction Cargill Enterprises, popularly known as CE was established in 1960 as the trading arm of Disabled Citizens Society (Otago) Inc. The primary goal of this not-for-profit organization was to create an avenue through which persons living with disabilities could be empowered. The management of DCSO had conducted research and...
Introduction Business ethics and codes of conduct are essential aspects in the business field, and are the requirements in the contemporary setting and stipulations of business activities that ought to be fulfilled. The concept tries to inculcate the kind of mentality that involves the wiping away of stereotype way of...
Introduction The Clean Power Company and the Energy Cooperative have statements of ethical concerns that affect them as stakeholders of their organizations. Recommendations should therefore be necessary at all times to guide the day-to-day activities of the shareholders so that their company remains viable in the business environment. The Clean...
Case Overview Wal-Mart de Mexico is the largest foreign subsidiary of Wal-Mart Company. It has a high growth rate and builds stores in many places at a very impressive rate. Its expansion rate has been very impressive to the extent that it has become the success story of Wal-Mart. At...
The discussion on the topic of corporate social responsibility (CSR), having arisen in developed countries in 1970, has nowadays spread throughout the world. Now, having stepped over the economic sphere, it enters the field of public policy not only in developed but also in developing countries. Furthermore, the role of...
Introduction Ethics in a business environment is, without a doubt, essential for the company’s success and the well-being of its workers and customers. Business ethics tend to be described as a set of values that would correspond with deep-rooted cultural practices, and it should be essential to business management (Bishop,...
An ethical climate is a system of emotional and moral relations created in a team. An ethical environment is understood as the prevailing psychological mood, which manifests itself in people’s behavior related to each other and a common cause. As a rule, a good spirit of workers affects the increase...
Introduction The emergence of ethical issues is conditional upon the policies of a given company as well as the conduct of its employees. My organization, which is office administration, is no exception to the rule. The ethical dilemma it faced resulted from the lack of mutual understanding between the company’s...
Abstract With the rise of conscious consumption, companies are financially incentivized to become more socially responsible. One of the companies that decided to adopt the so-called CSR (corporate social responsibility) approach is McDonald’s, the largest fast-food chain in the world. These days, fast food companies often receive criticism due to...
No one would disagree or argue that working is never easy. However, working and following all existing laws, including the rules of the country, state, company, morals, and conscience, is even harder. Sometimes a person may do everything possible to make the right choices, never hurt people, and stay ethical,...
Abstract These days organizations are expected to be socially responsible and engage in ethical decision-making. The paper aims to explore the main moral issues companies encounter and examine how they can be resolved. The study is based on the analysis and summarization of the existing literature covering business dilemmas, as...
Introduction Establishing business ethics is one of the most challenging tasks for any company. They should incorporate numerous elements regarding the targeted risks that are supposed to be addressed through them. In this case, the business under consideration faces ethical problems related to environmental issues, and this fact defines their...
Introduction This paper analyzes the effect of consumer decisions and moral irresponsibility issues affecting factory workers. The customer’s responsibility determines the conditions surrounding workers’ location in the industries. The paper takes into consideration classical cases like the collapse of the Rana Plaza Factory, the Sweatshop in China, and the Supplier...
Being a leader means taking a variety of responsibilities that go beyond planning and require not only impressive communication and organization skills, but also the ability to alter the very fabric of the company’s structure (Collins, 1997). Particularly, it is the leader’s duty to enhance the principles of ethics within...
Companies have the responsibility of ensuring the health of their workers through rigorous compliance with set health standards. Not only is this good for the workers at certain factories but it helps to develop ensure that the company portrays the right amount of corporate social responsibility in ensuring the health...
For multinational corporations, corporate social responsibility and their business practices have resulted in numerous industrial problems. In this regard, the issues of whether multinational corporations are exempt from moral obligation or not have fascinated global attention. Attributable to the challenge that obscures enhanced intelligibility, in addition to company processes, the...
Introduction Ethics codes are adopted by various organizations to help members in acknowledging the difference between right and wrong and in applying that acknowledgment to their normal work and decisions. The code of ethics provides the principles and expectations that govern the behavior or conduct of organizations and their members...
Abstract Citigroup’s intention to acquire Associates Corporation is questionable. This is because CitiFinancial, Citigroup’s unit, and the Associate’s Corporation earn massive profits from subprime lending. As from the reports, subprime lending is associated with various accusations that portray it as a predatory lending group. Subprime is accused of various moral...
Ethical Consumption The fashion industry, just like any other, has a potential for unethical practices across its supply chain. Since textile manufacturing is labor extensive and not too high-tech at the same time, it is especially attractive for developing countries, therefore creating opportunities for unethical forms of labor or adverse...
Introduction The article observes a method for evaluating ethics in an organization. It is based on a concept that Robert S. Hartman has created, and his student Wayne Carpenter developed further. The axiological model defines three main value kinds – intrinsic thinking, extrinsic thinking, and systemic thinking. Additionally, the author...
Introduction The emergence of professional ethics in PR can be called a symbolic phenomenon, or rather, a manifestation of the ethical situation of the postmodern era. The postmodern situation, on the one hand, continues the anti-normative line of modernist philosophy, but, on the other hand, as a reaction to the...
The workplace is one of the strictest areas in terms of discipline to attain goals and objectives set by the management and investors. There are rules set to ensure workers produce quality work and at the same time maintain high moral and professional ethics. In most cases, workers find themselves...
Business Ethics and the Value of Focusing on Conduct Rather than Characteristics Business ethics is a code of ideologies and group values that may be implied or written, through which an institute weigh up its business correlated judgment and actions (Trevino, & Nelson, 2010). Written or conventional business ethics are...
A brief summary for and against the commercialization of organ transplants The commercialization of organ transplants is an issue that has attracted global attention across the board. Ethicists have expressed their displeasure with the current trends in the health sector with regard to organ transplants. On the other hand, medical...
Business ethics can be described as the standards and principles that determine conventional conduct in firms. An ethical issue arises whenever one group in pursuit of their goals engages in behaviour that substantially affects the ability of another party to follow its goals. When the outcome is helpful—good or just—we...
The Bogarts Engineers and Constructors Inc. case study explores the ways in which businesses get destroyed by workers’ failure to observe ethics, professionalism and search for vengeance when developing corporate strategic information system. In the case study, the involved programmers, contracted by Bogarts Engineers and Constructors Inc., attempted to claim...
Introduction The Global Compact is an initiative of the United Nations to protect businesses through various interactive services. The initiative works hand in hand with the local Compact network, whereby businesses reform their activities with an aim of achieving global development. Many organizations have signed up to the initiative since...
Introduction In today’s highly competitive environment, news media strive to outperform each other in delivering high-quality content to their viewers. Corporate governance business ethics serves as the framework for their decision-making and both internal and external relations. By applying ethical principles, organizations provide a return for the hard work of...
The tobacco industry is seeking to change its unethical public image by focusing efforts towards positioning itself as an untainted and professional entrepreneur. Over the years the tobacco industry has been ignorant of ethical business principles. The three main principles broken by the tobacco industry include the principle of transparency...
Unorthodox Strategies In terms of business ethics, the Lockheed case remains controversial to this day. Striving to create better fighter jets for the U.S. Air Force to gain superiority over the Soviet aircraft being flown by the North Koreans, Lockheed engineers had to take several shortcuts. The aircraft that was...
Introduction In all spheres of life, people have their rights and responsibilities, and it is of vital importance to respect all of them. In business, employees and employers have to develop mutual trust and understanding in order to achieve high performance, success, and various benefits. The purpose of this paper...
Introduction The theme of the article McDonald’s wins backing of labor board: settlement stands to lessen burger giant’s responsibility as an employer to restaurant workers by Heather Haddon concerns the problem of the company’s ethics strategy. Business or corporate ethics being a form of professional ethics addresses moral principles or...
Introduction The ethics of driverless cars is a tough topic to address because many tragic dilemmas cannot be resolved without inevitable casualties. Even though the majority of virtual scenarios include extreme cases where the car has to decide who to kill, the real-life incidents show that there is a lot...
Business ethics is a concept taking its base primarily in general human ethics and applying those rules and guidelines in a business environment. Ethics itself is set of moral principles and laws that govern a just and civilized society (Bradburn 8). Business ethic refers to how people’s morals and fairness...
Introduction The communication with a boss is a delicate business. The following of the formal rules and subordination is an essential part of the corporate culture. The absence of the strict norms of interpersonal interaction in some companies may confuse an employee who is new in a workplace and has...
Introduction I am an employee of a large multinational oil and gas company that has 88 locations with over 100,000 employees all over the world. Oil and gas industry faces numerous ethical challenges, some of which are industry-specific, and some of which are generic (Raufflet, Cruz, & Bres, 2014). However,...
Introduction In this paper, seven articles that are related to the issues of ethics in management have been reviewed. The paper focuses on the moral responsibilities of managers, moral dilemmas, the ideas of absolutism and relativism, and the ethics of reflective action research. It is concluded that the managers are...
