Ethical Obligations in Business

Every day businesses are faced with making decisions that can have far reaching effects within their organization and the communities in which their business are based. Company Q is one of these businesses. Recent decisions made within this company have demonstrated a trend that would suggest Company Q has a negative attitude toward social responsibility. This attitude can be evidenced by the closing of two stores in high-crime rate areas because they were consistently losing money, offering minimal amounts of health-conscious and organic foods despite high demand, and declining donations of day-old products rather than donating these items to the local area’s food bank due to concerns of fraud and stealing by employees.

What is principle of justice in acquisition? Our book gives us an analogy concerning basketball player, Wilt Chamberlain that was used by Nozick. The idea

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.

Peter Crist is almost always correct. The reality is that if someone lies or covers stuff up, most of the time they will be found out eventually be it in two days or in 20 years. However, the reality is that some people do lie and cover stuff up in professional and personal situations and are never exposed. Sometimes this is because they're in a situation where dishonesty is prized, other times it's because the people around them turn a blind eye to what they see because they don't want to know the truth. Other times, it's because the person engaging in the dishonesty is so crafty and so quick that the trickery and subterfuge is almost inscrutable. However, the fact remains that Crist is correct. Often people are found out because those who are engaging in the trickery have so much hubris and so much arrogance that they engage in bolder and bolder moves, believing that they will never be caught. One example of that from the recent past is of Bernie Madoff. His crime was a simple Ponzi scheme which grew larger and larger in size and scale to the point where he couldn't help but be found out. In this case, the fact that Ms. Jones was found out was somewhat expected: she advanced to such a position of power within the institution that she was almost one of their public figures, which meant that her credentials would be under greater scrutiny.

First and foremost, you may wonder what exactly is business ethics, well “Ethics is the study of proper business policy’s and practice” (Business Ethics, 2013). Ethics isn’t only for the owner of the company and their clients, but it’s also for their employees. Ethics is also

Business Ethics is a set of moral principles applied in the commercial world. Business ethics provide guidelines for acceptable behavior by organizations in both their strategy formulation and day-to-day operations. An ethical approach is becoming necessary both for corporate success and a positive corporate image. Following pressure from

Business Ethics is another important college textbook written by Peter Stanwick. The book is filled with real world case studies on different businesses and business situations. Understand the ethics of business helps students, employees and managers to make ethical decisions in today’s complex world. The writer has focused on adding the importance of leadership, decision-making and strategic planning while examining the changing trends of business ethics. The chapters of the book covers important topics like role of morals, foundation of ethical theory, global business standards and business

Task 1 (P1) Explain the ethical issues a business needs to consider in its operational activities

Business ethics is the study of proper business policies, and practices regarding potential controversial issues. The issues may range from corporate governance, insider trading, bribery, discrimination, corporate and social responsibility. According to an article written by Curtis C. Verschoor, the ethical culture in the workplace is in transition in the U.S. The reason that business ethics is important is because with all employees it is expected that they do the right thing. If one person does something within the company, and it gets back to the public it can harm that company reputation. This could lead to a withdrawal of stakeholders, and loss of employees.

Running a business is about more than just making money. It requires adequate consideration to a number of issues, of which ethics is most certainly one. As a business grows and becomes more significant, it impacts the lives of people in so many ways. But without a clear understanding of business ethics, a company can lose its business by ruining its reputation and alienating employees, suppliers and the local community around it. With recent expansions in global businesses and the decrease of trade barriers worldwide, the importance of ethics in business has been further underlined.

The current focus on corporate culture in managerial theory, on character development in business ethics, and on the work/family relationship in

1. How would you advise Craigslist? Discuss the legal and practical issues involved and how they should be resolved, and explain why?

Company A is committed to providing expertise management consulting to nonprofit organizations that serve and meet the needs of citizens and communities. This Code of Ethics sets forth standards of behavior for our employees and managers. It is intended to assist them in fulfilling their duties and public representation of Company A.

P1 – Explain the ethical issues a business needs to consider in its operational activities.

“As a branch of ethics the field of business ethics is interested in how judgments of right and wrong, good and bad, moral obligation and responsibility, rights and duties, and the like, are made and justified” (Gill, David). As a descriptive enterprise, business ethics is an analytical exercise in understanding and explaining how people and businesses make their ethical judgments and decisions. If your business does not carry the proper ethics it cannot thrive. It takes the necessary steps within the business management to enforce these ethics upon their business. The field of business ethics is interested in more than just social and environmental responsibilities but those are certainly critical component areas.