Ethical Standards In Business In The United States

1. Do you believe the ethical standards in America are generally increasing or decreasing? Give four specific reasons to support your answer.

Historically, business ethics was of little concern to the majority. However, beginning around the early 1970s, ethical commercial policies and procedures became significantly important. Prior to the 1970s, the term business ethics was seldom a discussion. Most companies simply did not care about the ethics of their business operations, mission or corporate behavior—they were focused totally on the bottom line profits. Conversely, colleges and universities began to offer courses that focused on “Logic,” “Epistemology,” and “Ethics” in the late 1960s and early 1970s. However, most of these courses involved highly theoretical, esoteric concentrations, seldom found in business curriculums. In many cases, these subjects were offered to liberal

4. Epilogue: From your perspective, how does the simulation impact ethical considerations for organizations? The ethical considerations for any company are highly valuable and by far the important aspect of any company or organization. The decisions that any CEO or manger would make will have a lasting and heavy impact on everyone that belongs to the organization. I do believe that any company or organization that wants to be known as a great company in the business world has to follow all regulations not only from where they operate but also within their own

Business Ethics are defined as “moral principles that guide the way a business behaves” (Businesscasestudies, 2017). In order for any business or individual to act in an ethical

Kristina Buenrostro Ethics and Law in Business and Society Section 24 October 16, 2014 Hartman, E. (2006). Can We Teach Character? An Aristotelian Answer. Academy of Management Learning & Education, 5(1), 68-81

Business Law Scenario 1: Falsifying a Resume (Ethics and Law -- Chapter 2) 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.

Week 3 Case Study 3.3 Poverty in America Stacey Curry Business Ethics Upper Iowa University Professor Kalai McHan TRY TO TURN POVERTY TO POSITIVE In the time of the Great Depression back in 1930’s, where a time where four million Americans had fallen into poverty. Then in 2008 the economy experienced a serious economic meltdown crisis and recession, at this time 44 million adults now live below the poverty line officially defined as an income below $10,830 for a single adult or less than $22,050 for a family of four (Shaw, 2013 p.132). The economy today in my opinion, where poverty is still a huge impact due to the cost of living going up but the income is not changing and it appears people are digging themselves into bigger holes.

Ethical Issues 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.

Today ethical codes are widespread in the U.S. and found in about fifty-three percent of the largest companies worldwide. They are becoming more common globally as an increasing number of companies choose to adopt them. Scholars have observed that code content differs across countries and continents. LangLios and Schelgelmilch’s study

Subprime loans are ethical tools which were wildly misused during the time leading up to the financial crisis in 2008-2009. Subprime lending targeted borrowers who would typically not qualify for standard loans for various reasons. These included low credit scores, low income, and history of late payments. The loans were

Business Ethics – Assignment 1 1. The Sales Rep. A sales representative for a struggling computer supply firm has a chance to close a multimillion-dollar deal for an office system to be installed over a two-year period. The machines for the first delivery are in the company’s warehouse, but the remainder would have to be ordered from the manufacturer. Because the manufacturer is having difficulty meeting the heavy demand for the popular model, the sales representative is not sure that the subsequent deliveries can be made on time. Any delay in converting to the new system would be costly to the customer; however, the blame could be placed on the manufacturer. Should the sales representative close the deal without advising the customer

Nice post Michelle. I didn’t realize such an organization existed. Naive, I guess. Many social media organizations do fall into this legally acceptable and not ethically acceptable standard. I will also agree with you on your job examples of lawyers. Unfortunately, lawyers get a bad

Ethics and Business Law Fundamental rules for interpreting contracts in general, including defense and indemnity, provide that parties have great freedom to assign rights and responsibilities as they see fit, including the right to allocate risk through indemnity and defense provision (Loveman 2010). The parties have the right to impose limitations on the applicability of those provisions. Whether an indemnity or defense applies depends on the initial intent of the parties as expressed in the contract. The contract between Robins and Robins and Casings, Inc. stated in section 14 B.2.a. the remedy for defects in supplies shall be limited to the cost of the parts supplied. With this clearly stated in the contract, Casings, Inc. has the defense of the limitations in the contract. Robins and Robins understood this when the contract was signed and initiated. Regardless of the harm done, Casings, Inc. would only be liable for the costs of the casings to Robins and Robins. Without the contract stating that Casings, Inc. would be responsible in case of injury, Robins and Robins would be held responsible for the damages.

Ethics in the Lockheed Martin Corporation didn’t always have the message it has today. As I read through the book, Ethics at Work: Creating Virtue at an American Corporation, specifically chapter two, I came across some very interesting issues this corporation has had to deal with over the past few decades that go back to the 1920’s and earlier. In the following I’ll go over a few points that led to the development of Lockheed Martine’s current ethics program. Ill cover some ethics issues that were overcame on the way to a great ethics program. First let’s talk about the beginnings that started the Lockheed Martin Corporation so you can get an idea of the foundation of the company itself.

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