Reflection Paper On Business Ethics

2. Laws must be static and unyielding in order to provide stability for a society.

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,

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

The word “fraud” was magnified in the business world around the end of 2001 and the beginning of 2002. No one had seen anything like it. Enron, one of the country’s largest energy companies, went bankrupt and took down with it Arthur Andersen, one of the five largest audit and accounting firms in the world. Enron was followed by other accounting scandals such as WorldCom, Tyco, Freddie Mac, and HealthSouth, yet Enron will always be remembered as one of the worst corporate accounting scandals of all time. Enron’s collapse was brought upon by the greed of its corporate hierarchy and how it preyed upon its faithful stockholders and employees who invested so much of their time and money into the company. Enron seemed to portray that the goal of corporate America was to drive up stock prices and get to the peak of the financial mountain by any means necessary. The “Conspiracy of Fools” is a tale of power, crony capitalism, and company greed that lead Enron down the dark road of corporate America.

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.

The same ethical issues in the business world have been around for a long time. In theory business ethics is a practical regulation that dictates moral activity of commercial interests. The history of business ethics is founded in corporate social responsibility (CSR).

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

Ethics plays an essential role during recruitment of new employees.Law and regulation tell that we have to be ethical in hiring.It is also important that ethical rules are followed when hiring a new employee.The equality act 2010 is a legal action which protects people from discrimination in the workplace and in society.Protected characteristic is covered under the act race, age, sex, sexual orientation, pregnancy and maternity, gender reassignment, disability, religion or belief, marriage or civil partnership.For example, you are working for the company and they are giving you less money but another person has same responsibilities as your but earning much more than you earn this is discrimination.

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

I am a seventh grade middle school student and recently I have been collecting information about Nike’s working conditions, wages, practices, hours worked by employees, globalization and to tell whether or not their practices are ethical. As consumers we have the power and responsibility to make sure companies follow ethical business practices. An example of an ethical business is Starbucks. Starbucks has a variety of mandatory practices such as Cafe Practices, which provides coffee and farmer equality. They also have the ETP, which is the Ethical Tea Partnership which makes sure their tea is produced in a socially responsible way. The last ethical approach that I am going to show are their four guidelines. These four guidelines are quality,

Describe the social implications of business ethics facing a selected business in its different areas of activity.

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

Walmart serves customers and members more than 200 million times per week at more than 9,826 retail units under 60 different banners in 28 countries. With their fiscal year 2010 sales of $405 billion, Walmart employs 2.1 million associates worldwide. Walmart was founded in 1962 by Sam Walton, with the opening of the first Walmart discount store in Rogers, Ark. The company incorporated as Wal-Mart Stores, Inc., on Oct. 31, 1969. The company's shares began trading on OTC markets in 1970 and were listed on the New York Stock Exchange two years later. In this term paper I will be discussing the different ethical questions that arise about Walmart and some of the ethical concerns that people have about

Today, business ethics is one of the most important topics in discussion. With recent scandals come to the public of huge corporations, the public has lost its trust of businesses and require ethics be important to companies. Ethics, however, is not based solely on individual employees. In order for companies to comply with ethical standards, teamwork is necessary between the employees and the organization as a whole to create an ethical company culture that guides the actions of all members in an organization.

The overwhelming facts point to a shady underworld of self-dealing and opportunistic exploitation of the poor and working class, which was until recently, well hidden from the commoner. The executives of WorldCom and Enron provide real world examples of unethical business practices, where the desire to make money for their shareholders transcended into an addiction to greed and self-dealing that were displayed by their, “excessive pay, perks, and golden parachutes”(Carson 392) at the expense of all stakeholders. All is not lost, there are corporations that pride themselves in their sound business model and commitment to ethical business practices. Such companies as Eaton Corporation, and Weyerhaeuser, who according to Ethisphere.com, a business ethics watchdog, are among the “2010 World`s most ethical companies.” (Ethisphere)