Unit 4 P5 Explain The Legal And Ethical Issues In Business Research

There is no doubt in that technology has multifaceted benefits but, at the same time, it has forced mankind to feel insecure. Every industry depends upon the data of the customers and the health industry is no more an exception here. The data of each patient is shared to facilitate health itself and for more rigorous and authentic research. Hence, protecting patient data is very important. It is so important that in 1996, the federal government introduced the Health Insurance

Lau, T., & Johnson, L. (2013). The legal and ethical environment of business. (1st ed., p. 11.2-11.5).

Some health institutions believe that all the patients have the powers to control the use of their records and before any file is accessed, the patient must be consulted by the personnel responsible. To others, however, some of the patients may not know the needs of the health industry, and therefore, at least 200 people can be allowed to access their records. According to this group, the only way to improve the patient’s privacy is by reducing the number of people who access the records. Thus, despite the fact that digital files save on cost and time, there is need to focus on some of the issues affecting the privacy of records in the health sector. Therefore, as much as the current law allows sharing of patient information during payments and treatment, caution must be taken to reduce data mining and marketing using the same

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 third step to obtaining necessary approval and securing support from my organization's management is related to any legal or ethical concerns that might arise. My research will therefore include an outline of

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 problem to be investigated is the application of business ethics. In the business world, ethics are extremely important. Ethics are prime elements that help a business to grow and to become more productive. It is by applying proper business ethics that a business can operate in a moral or ethical business environment and managed to conduct all activities in a manner that maximizes profits while not compromising all other non-economic concerns(Schwab, 1996). Businesses have over the years failed to nurture business ethics in order to fulfill shareholders' interests and to have a culture that is oriented towards profit maximization and high performance(Jennings, 2012; Sims & Felton, 2006). This has led business to have gray areas in their activities. Gray areas are those situations or problems that do not fit exactly into any ethical analysis. These are the activities which may be represented to be immoral as a result of lying and false representations on the part of the business.

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

The data protection act protects people who are identifiable from their information and data being shared. The information will be bank details, address and billing and some other personal details.

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

4A: Describe ethical and legal issues related to shared information within an organisation, and the related procedures and conventions for privacy and permission.

Today’s business world presents numerous ethical issues. In today’s world above board/moral ethics in organizations do not often materialize intuitively. Organization must strive to provide employees with a clear understanding of the overall company vision. This will aid employees in practicing the code of ethics, policies and procedures in the workplace. Companies must be unwavering in continuously delivering the uppermost ethics of provision in which customers, applicants and employees are entitled to under fair business practices. One major core value is to uphold responsible and fair business practices.

Ethical dilemmas are virtually impossible to avoid if you are a participant in the workforce. The definition of an ethical dilemma stands as a situation that challenges two or more “right” values that arise in a conflict (Treviño & Nelson, 2014). As ethical persons, how may we overcome ethical dilemmas and finish on the “right” side? The research mentioned in Trevino’s and Nelson’s book, “Managing Business Ethics: Straight Talk About How to Do It Right,” suggests that preparing for specific ethical challenges before a situation occurs can adequately prepare the workforce to better handle real-world applications when an ethical situation transpires. The notion that ethics is teachable inspires the following case analysis. The case analysis involving chemical safety will discuss the facts and issues, stakeholders, decision alternatives, and real-work constraints. Focusing on each of the previously mentioned topics, I will describe the applications using Utilitarian, Kantian Ethics, and Rawlsian Justice Analysis’s.

After working as an employee for Coca Cola Company for a period of 20 years, I accrued enough capital to establish my own company. The investment sector presents many challenges when one invests on a global scale. The main challenge comes when the country you invest in suffers from political instability. It usually happens on unlikely basis that the investor does not anticipate. However, in the field of business, taking risks begets success. I decided to invest in foods and beverage industry on a global scale, which brings the focus of the main focus of this paper. My company Thellesi is an international company with

There are many challenges of ethical business practices in a non-ethical world. While some businesses do well, and are considered ethical there are some businesses that are highly questionable. As one can see through the news media some companies are so unethical, congress gets involved. Ethics are complicated enough for an individual, however, in a corporate setting the stakeholders are hoping for the multitude of people to share the same values in order for an organization to function properly and be successful. It only takes a few employees in an organization to produce irrevocable damage to a business.