Ethical behavior creates the kind of goodwill and reputation that expands a company’ opportunities for profit? Explain with example.
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- Ethical behavior creates the kind of goodwill and reputation that expands a company’ opportunities for profit? Explain with example.
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- Ethical behaviour creats the kind of goodwill and reputation that expands a company’ opportunities for profit? Explain with example.Have you ever heard of the Ethisphere Institute? Take a few minutes to explore their website: https://ethisphere.com/ Summarize something that you learned about this organization on their website for your classmates. Do you think this institute has value for organizations who are attempting to build an ethical culture? Why or why not? Is your organization a member of a similar type of institute or ethical organization? If so, feel free to share your thoughts about that here.Which do you think would be more effective for shaping long-term ethical behavior in an organization: a written code of ethics combined with ethics training or strong ethical leadership? Which would have more impact on you? Why?
- If you were faced with an ethical dilemma, from whom would you seek advice? Describe some decisions that might be good for an organization’s profitability in the short-term, butbad for the organization in the long-term. What factors would you take into consideration if you were thinking about leaving your job ratherthan do something unethical?Organizations should develop a Code of Conduct and ethics program by establishing, communicating, and monitoring uniform ethical values and legal requirements to their employees. In your Opinion? What are the important Elements of a Strong Ethics Program?Do you think there is value to the firm and to its shareholders of a strong ethical climate in the firm?Why or why not?
- What is a stakeholder? How does this concept itself help businesses operate at or beyond their ethical minimum?What is a stakeholder? Give examples, categorize them and explain how this concept itself might help businesses operate at or beyond their ethical minimum?What is the relationship between Ethics and Business? Please use examples from current events as it relates to business, economics, and society. Is ethics necessary for leadership or is leadership necessary for ethics? Why do we need to be able to convincingly explain why something should be viewed as right and fair?
- How does Business Ethics Programs and Organizational Ethics programs correspond to: -Moral education -development and promotion of virtues -study and awareness of values -development of emotional dispositions -fostering of healthy relationships -constant attentiveness to maintaining moral character and why would it be an effective tool in sustaining an ethical business?Explain the theories of Deontology, Utilitarianism and Consequentialism. Critically assess these ethical theories and develop a concise brief on your understanding of each one, citing which one of the three (3) you think is most applicable to modern day sport?Do you agree or disagree with the lawsuit? Should Goldman Sachs be held be held responsible for rogue employee's behavior? What types of policies should each company have implemented to ensure this does not occur again.