Nobody downloaded yet

Business Ethics Article - Essay Example

Comments (0) Cite this document
Summary
Business Ethics Article Name: Institution: Business Ethics Article The chapters covered from week 1 to week 3 revolve around the concept of ethics in the business environment with significant emphasis on how the business environment interacts with the society…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.7% of users find it useful
Business Ethics Article
Read TextPreview

Extract of sample "Business Ethics Article"

Download file to see previous pages closely relates to the business issues covered in chapters 1, 3, 4 and 5. Ruud and Ruud (2011) explore different business concepts with great emphasis on ethics, law and how the business environment interacts with society. According to Ruud and Ruud (2011), business ethics results from the society values and generally demands that businesses operate in profit-making activities capable of benefiting the society and not amassing wealth at the people’s expense. The article particularly discusses the changing trends in business ethic, laws and corporate social responsibility in the global business environment. This paper explores business issues covered in chapters 1, 2, 3 and 5 and their link to issues discussed in the chosen article. Business Ethics and Good Life (Chapter one) Chapter one covers the concept of ethics in relation to the business environment and what entails good life in business. Good life is seen as the quest for pleasure and happiness throughout the lives of many people. The values of the business world have been greatly influenced by the ethos of our society, and the values of the society values have as well influenced activities in the business world. According to Ruud and Ruud (2011), business values have emerged from societal values overtime in which such values are transferred into the business environment. ...
Ruud and Ruud (2011) support the idea of society values influencing business ethos or values through the assertion that constantly changing societal values pose a significant challenge in the attempt of many businesses to sustain good relations with the society. Society and the business set up are inseparable with business ethos existing as guidelines to the coexistence between the business environment and the society. Finally, the concept of attaining good life in the business environment is easily achievable because it forms part of the business life. Business Life, Law and Ethics (Chapter two) This chapter progresses with the discussion of ethics in the business environment, where the view of business as solely pursuit of profits is widely disputed. The world of business is rather viewed as a community with communal values which guide its operations. Business is further seen as a tool for productivity and distribution of goods and services with the aim of benefiting the society at large. Ruud and Ruud (2011) hold similar views through the assertion that businesses must operate in ways that depict the best interests for the society. Modern societies favor businesses that pursue their profitability with clear social responsibility, thereby encouraging creation of socially responsible businesses. The importance of social responsibility in the society has seen the emergence of the corporate social responsibility. Corporate social responsibility forms part of strategic plans adopted in almost every business organization due to the societal emphasis on the need for businesses to have the interest of the society at the core of their operations. Corporate social ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business Ethics Article Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Business Ethics Article Essay Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/business/1448116-business-ethics-article
(Business Ethics Article Essay Example | Topics and Well Written Essays - 1000 Words)
Business Ethics Article Essay Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/business/1448116-business-ethics-article.
“Business Ethics Article Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/business/1448116-business-ethics-article.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Business Ethics Article

Business Ethics

...are about to be raised. Who is behind this campaign? Is it the banks? Why do the merchants not want this fee? For one thing it is a hidden charge. It is not on the sales receipt. Another thing is that it affects discounts the merchants would like to promote. Can one get clear information from the banks on this "transaction" fee? Not hardly. 3. What is the moral issue involved? The issue is that is it ethical for a bank to hide fees? It is clearly not. Only if one worked for a bank could it be justified. Or if one believed that banks should charge as much as they could that the free market would allow. If this is the case then there would have to be some adjustments or regulations placed on the free market in this accord....
1 Pages(250 words)Article

Business Ethics

..., Sergeant Brash provided evidence on how he tried to contact the mortgage company, PHH Mortgage. One arm of the company kept sending him late payment notices while the other arm kept refusing his automatic payments. His attorney sued the mortgage company under Georgia and federal laws. Sergeant Brash had taken out the mortgage in November, 2007. The court has finally made a judgment on the case and awarded Brash $21 million dollars. 2. Did PHH Mortgage as a business have any good defense that could oppose the sergeant's suit?. It is the eighth largest mortgage company in the United States and in this case it was pursuing a military man. It could be suggested that PHH Mortgage was doing all it can to maximize profit in...
1 Pages(250 words)Article

Business Ethics

...? SEC Charges India Company in $18 Accounting Fraud The SEC charged Indian company Satyam Computer Services $10 to settle a fraud case against them. The company was listed on both the Indian stock exchange and the New York Stock Exchange. Their business was mainly outsourcing. Between 2005 to 2009 they created over 6,000 phony invoices to doubled their assets on the company's books, reflecting an overall increase in value of the company. The SEC also fined the company's accountants, Price Waterhouse, $6 million for allowing the fraud to go on without reporting it. In effect, the accountants were complicitors in the scheme. The was recently taken over by the Indian government who also placed criminal charges against its...
1 Pages(250 words)Article

Business Ethics

...on experience with proven business techniques developed for surviving in a competitive market. One of these techniques, which Johnson as a well financed company can do well is bribing. 3. One can use the utilitarian rule of ethics here, the greatest good for the greatest number. It would be the variety of action based utilitarianism in which one's action would produce such a good. What Johnson did in bribing the doctors in Greece, Poland and Romania was to serve up the greatest good, their pharmaceuticals and their medical supplies for the greatest number of medical buyers in these countries. Further their funds allowed the doctors to go to different conferences. It is only obvious and realistic that a...
1 Pages(250 words)Article

Business Ethics

...? SEC Close Look at Hedge Funds During the economic crisis, hedge funds made a lot of money betting that bonds based on mortgages would fall. Hedge funds have a specialty of investing into highly risk stocks and bonds that would virtually guarantee profit. They make a lot of their profit by short selling stocks. This means they would buy a stock at a price which they know, by their research, is heavily inflated over the true value of that stock. They don't actually buy the stock, instead they borrow money from the broker who is carrying the stock, promising to pay back the price of the stock at a certain time which they expect to be lower than the price for which they original bought the stock. In this way they make money. The SEC...
1 Pages(250 words)Article

Business Ethics

...fined $550 million last year by the SEC for similar allegations, Milton Friedman, a worldly respected economist, in regard to corporate social responsibility is often quoted, "to make as much money as possible while con­forming to the basic rules of the society, both those embodied in law and those embodied in ethical custom." Another defense would be to define the rules of society during the period of the spiraling housing prices as one that allowed speculation and rewarded it. Those who were able to make a "killing" in real estate became heroes. 3. Aristotle defined virtue as to being the best one could be in their particular field. This became part of his moral edict and could be seen in his example of the flute...
1 Pages(250 words)Article

Business Ethics

.... They would regard a lawyer as morally wrong who seeks to shorten and disguise the documentation process for foreclosure without providing the people opportunity to have their mortgages modified. They would probably indict the system of justice that allow this. Morganson, Gretchen. "New York Subpoenas 2 Foreclosure-Related Firms." New York Times 8 April 2011. Accessed 8 Apr. 2011 at http://www.nytimes.com/2011/04/09/business/09foreclose.html?adxnnl=1&src=recg&adxnnlx=1302339678-KhJXd/raKYjiYrWUXbBhSg... and the Housing Mess By issuing subpoenas to the law firm of Steven J. Bau, New York attorney general Eric T. Schneiderman is bringing out to the open the way lawyers have been processing thousands of foreclosures. Bau heads the state's...
1 Pages(250 words)Article

Business Ethics

...on one hand the developing countries must have to support the resolution because they are the ones who are facing serious flaws in their systems of clean water and sanitation, developed countries are not behaving ethically in this regard. Developed countries never refrain from exploiting the resources of developing countries for their survival but when developing countries need support, developed countries simply turn away. 3. I think the best way to resolve this issue is to strengthen the role of UN in the world. UN should stop acting as a dummy of developed countries but rather it should become an autonomous body that serves the entire world and is free from any biases. Again all of the developing countries must take a...
1 Pages(250 words)Article

Business ethics

... is complimented by the definition of fitness hazard as a tendency of an entity to take undue menace whose costs are not borne on them (William, 2007). I deem author is aiming at providing rules and procedure that will help curb ethical hazards. This is seen in the light of providing an ethical hazard marshal to minimize these tribulations (Pendse, 2012). An instance is given of the leading company, Enron. The management styles and executive decisions of the executives of the company led to an enormous financial crisis.(William, 2007). Therefore, the executives were convicted and received extensive penitentiary terms. Although I liked the way the writer proposed the initiative of teaching ethics in business schools to curb future... ...
2 Pages(500 words)Article

Business Ethics

...Business Ethics Business Ethics Introduction Knowing whether business decisions and behavior bring about conflicts of interests to the respective decision makers is important. This is because employees deal with hard ethical predicaments daily in their places of work. At the same time, directly dealing with these predicaments is equally hard in contrast to other business ethical issues. Business ethics researchers David De Cremer and Henri‑Claude de Bettignies explore these predicaments and attempt to answer questions about particular ethical predicaments in ordinary and executive business workplaces. Cremer and Bettignies contend that the reality and misconceptions about business ethics is frequently not “pragmatic,” as business... are...
2 Pages(500 words)Article
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Business Ethics Article for FREE!

Contact Us