defend a clear position on whether or not any constraint ought to be placed on the freedom of a business to:Export capital for production

What is importance of ethics in business? Provide examples with theoretical answers. (Maximum of 500 words)

Shaw, W.H. (2014). Business ethics: A Textbook with cases, (8th ed.). Boston, MA : Cengage.

All these question are a part of personal business ethics since they are dealing with the questions of business ethics attaching to an individual or specific person in a particular

Analyze three of the punishments that corporations undergo when they have acted unethically (i.e., name them, define them, explain what they are). In addition, explain three threats to running an ethical corporation. Finally, from your own perspective, explain whether or not a corporation should have to function by the same codes of morality that individual people in society have to abide by or if they should be allowed to get away with certain actions that people in society cannot get away with.

Downsizing refers to the voluntary actions on the part of organizations to reduce the overall size of their workforce, generally to reduce costs. The disadvantages of downsizing in a survey by the American Society of

1. Explain why ethics are an integral component of the manager’s toolbox in the 21st century. (5 Points)

Creating and defining my own ethical framework is essential in future success as a businessman, a leader, and a team player. As a business student, I have learned that it can be a very cut throat industry and in order to get ahead, at some point and ethical dilemma will undoubtedly be an obstacle I have to overcome. The way I handle these dilemmas can make or break my career; business ethics are a key part of earning and sustaining respect, trust, and a good rapport with both clients and competitors in your industry. Therefore a solid ethical framework is an important tool for me to have as a standard for handling these types of dilemmas so that I can grow successfully while staying true to myself and to

M2(Unit 37) - Assess the social implications of business ethics facing a selected business in its different areas of activity

Question # 1: Why did you include each specific element? Discuss the elements you believe set the foundation for ethical behavior.

William H. Shaw & Vincent Barry, . Moral Issues in Business. 11 th ed. California: Wadsworth Cengage Learning, 2010-2007. 211-219. Print.

Utilitarian would view the export capital for production abroad as an unethical approach. Because utilitarian’s main focus is to bring greatest happiness for everyone affected by the actions. (Shaw, 2016, p.60). Export capital abroad only gives benefits to the company’s shareholders in the form of cheap labor and it creates competitive advantage to the company. But this action would create unemployment for large number of people which ultimately effects the overall economy of the country. On the other hand, in the foreign country export capital for production creates more jobs and contributes to increase the economy of the country. But according to utilitarian this action is not bringing greatest happiness for everyone effected by the actions. Also, utilitarian believe

The effect of mismanaged LAYOFFs on the remaining workforce and the effects, lack of management preparation, the human condition, and lack of mitigation strategies. We think that the problem with this article is that not enough managers or HR personal, know how to let a person go from their employment effectively. They sometimes don't realize the impact that it has on the other employees morals. Also, that sometimes companies don't take a closer look to make sure downsizing will be the answer to cutting costs like they think that it will. Every HR or manager should be let go in their lifetime so

Downsizing or layoffs at a company, whether it is in WeaveTech or any other company have its legal risks that are associated with the exercise. The potential legal risks associated with the downsizing situation would be discrimination, such as how to select the employees that will be laid off (Benn, Dunphy, & Griffiths, 2014). This could bring about discrimination claims as some of the employees may argue that they were terminated because of their gender, age, race among others. Also, there could be legal issues if the WeaveTech did not give a sixty-day notice since it has more than a hundred employees as this is a requirement by the law under the Worker Adjustment and Retraining Notification Act (WARN). Other legal issues that could get WeaveTech

Orlando counters by stating that there is not an actual regulated duty. "Fiduciary duties” are a label for the obligations that a manager owes a shareholder doesn’t create or establish duties to the agent. Another agrument for the employees having equal interest as shareholders is that shareholders should have legitimate expectation, meaning shareholders invest their capital should know their risks and expect gains and sometimes losses. Fairness is the third argument  against downsizing. Orlando states that one should not be punished or reward for things out of their control. Workers who lose their jobs, even if was doing job well, due to downsizing is wrong. This gives workers insecurity at the work place because they know no matter how well they do their jobs; they can be laid off because of any type of mismanagement.

Each employee’s moral rights should be respected. By cutting their hours, we are giving them false hope that the company will return to a profitable status. The future for every company is uncertain. A company should not drag its employees through the mud just to have them be employed when the business goes bankrupt. Management should let them know the plan of action. Tell them “layoffs are impending.” Give them a choice to choose different employment before losing their current job. During the recent recession, many companies reduced employee’s pay as a means to save a job. Barbara Kiviat makes an interesting point in her article Pay cuts instead of layoffs: something insidious this way comes? She states that many companies “temporary” pay cuts became permanent, keeping workforce costs down while boosting profit as demand rebounds. Doing so greatly lowers employee morale by showing that they are number that can be