chapter 1
BUSINESS ETHICS, THE CHANGING ENVIRONMENT, AND STAKEHOLDER MANAGEMENT
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1.1 Business Ethics and the Changing Environment 1.2 WHAT IS BUSINESS ETHICS? WHY DOES IT MATTER? 1.3 LEVELS OF BUSINESS ETHICS 1.4 FIVE MYTHS ABOUT BUSINESS ETHICS 1.5 WHY USE ETHICAL REASONING IN BUSINESS? 1.6 CAN BUSINESS ETHICS BE TAUGHT AND TRAINED? 1.7 PLAN OF THE BOOK
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1.1 Business Ethics and the Changing Environment
Businesses and governments
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b. the most frequent types of misconduct observed are abusive or intimidating behavior (21%), misreporting hours worked (20%), lying (19%), and withholding needed information (18%).
c. employees in organizations undergoing merger, acquisition, or restructuring observe misconduct and feel pressure at nearly double the rate of those in more stable organizations.
d. younger managers with low tenure in their organizations are twice as likely to feel pressure to compromise ethics standards.
e. nearly half of all non-management employees do not report misconduct they observe.
f. younger employees with low tenure are among the least likely to report misconduct.
g. less than 58% of employees who report misconduct are satisfied with their organization’s response.
h. senior and middle managers have less fear of reporting misconduct, are more satisfied with the response of their organizations, and feel that honest and respect are practiced more frequently than do lower level employees.
B. Unethical Business Practices by Industry
1. One survey showed that the most unethical behavior happens in the following areas, beginning with the industry that has the most instances of unethical behavior:
a. government
b. sales
c. law
d. media
e. finance
f. medicine
g. banking
h. manufacturing
2. Ethical
A). Lack of Teamwork and Conflict resoultion: In relation to the case, many of the recently hires employees are not including and not trusting/age discriminating Mr. Hill. Although, there were more older employees who were upset, Mr. Hill was the one who had a massive reduction in hours. He is now going to the HR Director and Executive Director. He should have approached them earlier with the problem. (Chapter 4)
4.) Employee Compliance to the Code: The entire staff is expected to be compliant to the rules and regulations set forth by Company X. Reported accounts of non-compliance will lead to an internal investigation of both the accuser as well as the accused; disciplinary action will necessarily follow if company rules and regulations have not been adhered to or improperly dismissed. Granted that there are many different situations that could arise in which one would believe unethical behavior or misconduct transpired; therefore, it is suggested that first the issue in question is evaluated before presenting to one’s direct
Ethics and moral obligations are issues we all encounter at one time or another. In the professional setting, all people should act in a manner that would uphold the good of society. To be ethical, one has to determine their obligations, moral ideas, and moral philosophy (Boatright, p. 19, 2009). The case analysis involving Jacob Franklin was a perfect example of how an individual can face the dilemma of doing what is right or wrong. Businesses have their own code of ethics, and the employees within the business have to determine whether or not they will follow the company’s code of conduct. I will discuss several ethical issues in the case analysis including; failure to report information, remaining silent regarding faulty equipment,
Abandoned minors are no longer protected from liability on their contracts, merchants are still reluctant to deal with them on a credit basis, fearing that they may still attempt to disaffirm, or
Final Exam ADM 2336 Sections B & C Organizational Behaviour December 10, 2006 Professor: Jules R. Carriere, Ph.D. CAREFULLY READ AND FOLLOW THESE INSTRUCTIONS: 1) Answer all questions. Write your answers computer readable answer sheet and follow the marking directions. 2) Books and notes are prohibited. All calculators, cellular phones and dictionaries are prohibited. 3) Do not ask the professors or invigilators to interpret the exam questions. 4) Do not remove the staple. 5) Return all examination materials (including the questionnaire) before leaving the examination hall. 6) Complete the peer evaluation form before leaving the examination hall. Statement of Academic Integrity The School of Management does not condone academic fraud, an
1) Distrust, disrespect, and animosity pertain to which component of indirect costs associated with mismanaged organizational stress?
an action can't be right if the people who are made happy by it are outnumbered by the people who are made unhappy by it.
Publicly commit to fair treatment of all employees should involve in the disciplinary process. Before determining the appropriate level discipline, it is important to understand what motivates employees to do wrong. In most cases, employees can do wrong due to character, pressure/advancement, resources/capacity, or judgement/competence. Since human resources typically oversee employee relations and discipline as well as compensation and benefits, the compliance department should draw on the human resources department’s expertise. To establish clear standards and expectations regarding ethics and compliance in the workplace is the first step to determine the appropriate level discipline. The second step is to design a disciplinary system that yields clear, consistent, and predictable penalties for malfeasance. The compliance needs to ensure that discipline is consistently applied across departments and throughout the organizational hierarchy. Third, determine which department or managerial function will
The ultimate goal of descriptive statistics is to describe a set of data, identify patterns, and draw a conclusion, which enables an organization to make effective and informed decisions (McClave, Benson, & Sincich, 2011). The company, Ballard Integrated Managed Services (BIMS), a support services company will leverage statistics to gather information on the company’s employees to analyze and identify patterns. The goal of this research project is to determine the reason for the high employee turnover and low morale. The research team has developed a strategy that ensures that the management dilemma will be resolved in the most
In business ethics there are several different types of ethical behavior that exist. Although there are many different kinds of ethical behavior, three are the most prevalent within society; these are utilitarianism, deontology, and virtue ethics.
Business ethics refers to the consideration of moral decisions and responsibilities in the process of operating a business. Business ethics, practiced throughout the deepest layers of a company, become the heart and soul of the company 's culture and can mean the difference between success and failure. Values drive behavior and therefore need to be consciously stated, but they also need to be affirmed by actions. Ethical business environments are created with foundations of integrity, accountability and commitment.
1. Discuss three management events that occurred that should have been a “red flag” to the auditing firm.
2. Ethical Issues in Business. It seems that every day in the news we are hearing of new company that has acted at least unethically and possibly illegally in the operation and financial reporting of their company's business dealings. There are many ethical issues in business. One major issue that we see is over and under reporting net income. Companies like to show that every quarter the net income of the business has an increase or profit. In order to show this they adopt unethical or illegal means in the operation and financial reporting. One such method is the indiscriminate use of stock options for employees that enable companies to take employment costs off balance sheet and inflate earnings. With the recent ethical issues we have
Business Ethics can be defined as the critical and structured examination of how people & institutions should behave in the commerce world. Furthermore, it particularises the involvement of examining appropriate limitations upon the pursuit of complete self-interest; however, this may also apply for firm profits when the actions of each individual or firm affects others in some form. If the business really has no ethics, it can be concluded that the environment will suffer since the intention of business growth is far greater than environmental responsibility.
2. For the “Workplace” section, items 4-24, select the three items (circle their numbers) you consider the most seriously unethical behavior. Who is