Business Ethics and the Real Estate (Critical Analysis Template) Name: Jasper Esmalla Class: BUSI 560 Section: Spring 2011 Critical Analysis Topic: Business Ethics and the Real Estate PRINCIPLE: ◆ Defined as the standard by which one judges between moral right and wrong (Lawrence & Weber, 2011). o Covers every area in the business: - Accounting and financial responsibility - Marketing and advertising - Information Technology ◆ Is the application of ethical ideas in the business world. ◆ The purpose is to provide guidance to managers and employees to follow company policies and societal laws. ◆ Ethical policies and codes can enhance the business’ identity and reputation in the community (Argenti, 2009). …show more content…
Department of Justice – enforces and investigates intellectual property infringements (USDOJ, 2010). o The U.S. President, U.S. Congress, and U.S. Courts – implemented The Civil Rights Act o Representative Howard Smith – added prohibition to discrimination based on sex (Clark, 1991) o Thomas Hernquist – Chairperson of AMA to fight against illegal marketing activity o John F. Kennedy – The Equal Pay Act of 1963 was signed into law o Robert Marjolin – led the Organization for Economic Cooperation and Development o Peter Drucker – a business guru who proposed that companies have ethical obligations o Andrew Olson – developed an online archive of ethical codes available to Internet users worldwide (Olson, 1998) o Representative Fritz Lanham – enacted the Lanham or Federal Trademark Act ◆ Critics of Ethical Standards: o Milton Friedman -- a Chicago school economist argues that CEOs have only one duty and that is to maximize the profits of a company (Friedman, 1970). o Businesses in developing countries o Small and start-up businesses PERIOD: ◆ 1790 – Patent and Trademark Office; signed into law which grants the right to exclude others from making and selling patented inventions
The author Robert Solomon argues that ethics has to an integral part with regard to business management. He does not believe that business management must include unethical or illegal methods to be able to succeed. Solomon preaches that business management is not as simple as obtaining revenue. “Businesses need to abide by fair policies and their owners have to be ethical in dealing with their customers” (Shaw p. 37). The author acknowledges that while illegal practices in business management could bring positive results at first, eventually the business is bound to fail. This is why Solomon recommended eight important policies that can help businesses in integrating ethics into their operations.
We as business owners, management and or in a role of authority must set, address and comply with a solid foundation of ethics. “A code of conduct is the single most important element of your ethics and compliance program. It sets the tone and direction for the entire function. Often, the code is a standalone document, ideally only a few pages in length. It introduces the concept of ethics and compliance and provides an overview of what you mean when you talk about ethical business conduct.”
The civil rights act of 1964 ended segregation in the Deep South,within public places. It granted African Americans the same privileges as the whites. The act of 64 was one of the biggest accomplishments that has ever been passed. It passed through the White House signed by President Lyndon Johnson on July 2nd of 1964 giving African Americans rights to freedom. The bill was signed by president Lyndon Johnson, but president Kennedy was the original “founder” of the bill which was written in 1962 before his assassination.
July 6, 1964: President Lyndon B. Johnson signs The Civil Rights Act, which prohibits racial discrimination and mentions the use of “affirmative action to overcome the effects of prior discrimination.”
Every business develops a set of ethical principles that they abide by. The business ethical principles intentions: it construct the business certainty in the community , maintain the employees liveried in what the business attempt to have as structural conducts and aid the employees consume principles to make ethical choices that guards the business. In a culture with a diverse assessment structure and augmented judgment visibly by companies with changeable ethics and interests, there appears to be further difficulties on business individuals to make tougher ethical assessments. In our day-to-day performances, we depend on on our ethical principles to monitor us in the correct path and do the correct things. The substance of any efficacious and perpetual business is they segment a mutual ethical matter concentrating on presenting and generating value along with allocating their business values with the citizens they network with on a day-to-day basis.
While in office, Kennedy signed multiple equal rights orders. On March 6th, 1961 John F. Kennedy signed Executive Order 10925 involving work related discrimination. It stated that, “discrimination because of race, creed, color, or national origin is contrary to the constitutional principles and policies of the United States.” This order would eventually transform into the modern day Equal Employment Opportunity Commission. Executive Order 10925 was written into The Civil Rights Act of 1964 and known as Title VII.
“More than fifty years ago, in 1963, President John F. Kennedy signed landmark legislation that would guarantee equal pay to both men and women working under the same employer. The Equal Pay Act was the first in a series of major federal and state laws that had a profound effect on job opportunities and earnings for women over the next half century, and laid the foundation for the movement of women into the paid labor force at unprecedented levels (whitehouse.gov).”
Equal Pay Act of 1963 During his years in presidency, John F. Kennedy came forward and signed the initial Equal Pay act of 1963 on June 10, 1963 that was ratified by the House of Representatives and Congress. The law forbids any discrimination between both genders, and valued unbiased pay among both male and female employees working in the same job department. In fact, throughout the beginning of the 1900’s not many women had the opportunity to possess a hard-working, paying job of their own for the majority of women were homemakers. Although, in the years of WWI employment deficiency brought in an abundant amount of female workers to come into the place of work. Even though women had a smaller salary compared to the men, they were still wary over the idea that the females would take over all of their jobs.
The Civil Rights Act of 1964 was signed and passed into law by President Lyndon B. Johnson, whose predecessor, John F. Kennedy had introduced and promoted the act before his death. The act banned discrimination in relation(s) to and of employment and establishments of communal accommodation based on race, color, religion, sex or national origin. It further established a framework within the federal government in battling discrimination, increasing the directives of the U.S Commission on Civil Rights, as well as instituting the Equal Employment Opportunity Commission (Today in Civil Rights History).
Many people in the United States are not aware that women still earn considerably less than men or that equal pay is an issue for everyone in this country. The Equal Pay Act of 1963 was signed by John F. Kennedy on June 10, 1963 and stated that men and women should be given equal pay for equal work. Although people acknowledge it as an important act, but no one enforces it. People of the working society are face discrimination by race, religion, and gender.
Equal Pay Act of 1963 - On June 10, 1963, President John F. Kennedy signed the Equal Pay Act into law (Fugiero, n.d.). It was enacted as an amendment to the Fair Labor Standards Act of 1938, which regulates minimum wages, overtime, and child labor (Fugiero, n.d.). The EPA requires that men and women who work in the same jobs or positions,
Two months later, President Kennedy was assassinated and was succeeded by Lyndon Johnson who passed the Civil Rights Act of 1964, which basically banned all forms of segregation everywhere.
Following violent demonstrations in Birmingham in 1963, President John F. Kennedy proposed the Civil Rights Bill (Marsh, 2004). The president took the step as a measure to end the negative publicity against authorities for using excessive force against protesters. The Civil Rights Act was signed into law by Kennedy’s successor in 1964.
Proposed by President John F. Kennedy and then passed by President Lyndon B. Johnson after Kennedy’s death. Further made racial segregation in public places illegal; also banned employment discrimination of race, color, religion, sex, or national origin.
The way in which an organisation complies to this moral code creates a certain reputation and increased trust within their stakeholder’s overtime.