CHECK THESE SAMPLES OF The Significance and the Necessity of Ethics and Law in the Field of Business
...? Business Law and Ethics Introduction Business exists to supply goods and services to s, rather than to supply jobs to workers and managers,or even dividends to stockholders. So basically, businesses exist to serve the needs of customers. If you have no customers, you have no business. So what about profit? Business school teaches us to maximize long-term shareholder value. Doesn't that mean maximize profit? (Philosophy of Business – What is the Purpose of Business?, 2005) Business is an activity which provides goods and services to others who demand it. We can classify...
10 Pages(2500 words)Book Report/Review
...given rise to the necessity of entailing business values as well as ethics in the process of its operations. The reliability and the need of the concept of business values along with ethics gained its significance in the recent times because of the increasing number of corporate scandals. These corporate scandals were believed to have upset the business community globally in the past few years which had once more triggered the interest of individuals in the field of values as well as ethics. Values as well as ethics with regard to the business are...
12 Pages(3000 words)Term Paper
...?Business Ethics and Law Business Ethics and Law The current business market in the United Kingdom has become a very competitive one. Companies are going to great extents in order to attract the customers to their services and products. This competition is very healthy for the generation of a profit making market that has got fair services for the consumers (Moon, 2002). The competitive nature of these markets also helps with the improvement of the quality of the services and the products that the different companies and organizations make available for their customers. It is the social responsibilities of these...
4 Pages(1000 words)Essay
...? Ethics of practice in any profession is very important. Ethical practice entails honouring the values beliefs and morals of any professional one is involved in. These are the principles of duties which must be obeyed at all times and in circumstances that avail themselves (Design Issues, page 1). If these universal laws and principles are not adhered to, partial decision making may become the order of the day in the fields one is involved. These may fall under two general conceptions namely imperative and attractive moralities. The design industry is changing every now and then in area of culture, trends and technology among other aspects. Designers play an important...
6 Pages(1500 words)Essay
...?Child Labour in Developing Countries Introduction This paper is based on the business law and ethics case study on child labour in developing countries and it manly seeks to highlight on the other thoughts of the young labourers who were enrolled for a two-year full time education program that was being sponsored by their employer. Despite being full-time students, the Vietnamese children who were below the statutory age limit for working were still being paid their normal wages by their employer even thou they never reported to work, and their first recorded thought on this was that it was almost impossible to believe that they were being paid to be educated. Child labour in developing...
3 Pages(750 words)Case Study
...Business law and ethics Business law and ethics In APA format P.Swarnalatha ID # 5448 Order # 178626 d 6th August 2007 Word count: 2590 ABSTRACT
Bert has not violated any business ethics and in this way he has not beached the rules of contract law and hence he should not be punished under court of law. For getting protected under this case he should represent his ground with solid proof that he didn’t involve in any violation of implied contract or quasi contract. Moreover, he should prove that he has not got any information from Williams before he finalized the contract...
10 Pages(2500 words)Essay
...Assignment 4: Business Law and Ethics Four Ethical Theories Introduction Ethics, like preference, may be considered a product of values. To some, the suggestion that an orderly and analytical process of decision making, not only on a personal level – but more so in business, should include the discussion of highly controversial ethical issues, about which honest differences of opinion are common and self-deceiving rationalization endless, is repugnant. Ethics, after all, encompass wider perspectives of human concerns ultimately affecting business organizations. Ethics has...
8 Pages(2000 words)Essay
... ETHICS, LAW AND BUSINESS The case study presents a scenario of the success of the World Com Telecommunication Company which began as a small long distance telephone company. The success of the business was facilitated by the proper managerial techniques that were applied by Bernie Ebbers who worked in partnerships with other business stakeholders.
The success of the business in the early 1990’s was later facilitated by the various mergers and buying of shares with Companies such as the AT&T, which was later, renamed the Long Distance Discount Services, the MCI, and the ACI. However, the Company began experiencing several challenges that eventually led to its failure and an ultimate bankruptcy in 2002.
The first challenge... that was...
2 Pages(500 words)Essay
...According to the article en d ‘Understanding Enron: It’s About the Gatekeepers, Stupid,’ it can be d that there are different factors that led to failure of gatekeeper. Basically, “gatekeepers are reputational intermediaries who provide verification and certification services to investors.” Thus, the gatekeeper plays a watchdog role to ensure that corporate are operating within expected ethical standards. In this particular case, it can be noted that the gatekeepers did not perform their professional duty since they did not objectively monitor the performance of Enron. For instance, they let the company adopt the sell recommendation which is detrimental to the investors. Instead of playing their watchdog role, the...
2 Pages(500 words)Essay
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Business Ethics: The Enron Scandal
Introduction
Business Ethics is perhaps the one area of business development that is given its own unique genre of priority. In order to be successful, the necessity of a strong Code of Ethics is undeniable for any organization (Shaw, 2007). As William H. Shaw notes in his thought provoking book, Business Ethics, the code of ethics of an organization contributes to the eventual success or failure of that organization. Over time, several books, papers and articles have been written upon Business Ethics...
10 Pages(2500 words)Research Paper
