quora
Nobody downloaded yet

Business - Essay Example

Comments (0) Cite this document
Summary
Global Business Ethics “If the firms that employ an increasing majority of the population are driven solely to satisfy the owner's greed at the expense of working conditions, of the stability of the community, and of the health of the environment, chances are that the quality of our lives will be worse than it is now”…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.7% of users find it useful
Business
Read TextPreview

Extract of sample
"Business"

Download file to see previous pages Needless to add that the consequences of such actions on the part of the management were met with widespread criticism and public outcry, with the result that the companies lost their brand image and reputation in the eyes of their consumers. Examples such as these, further tend to substantiate the above mentioned quote, and at the same time, illustrate the significance and impact of ethics and morality in business. The twenty first century is witness to a rapidly transforming business approach, which has popularized the concepts of ‘triple bottom lines’ and corporate social responsibility, making ‘green business’ an increasingly fashionable trend. The scope and extent of a company’s contribution towards social and environmental causes, almost guarantees successful results, which is why, every other company, today proudly flaunts its commitment towards such causes, in its annual reports. In today’s highly competitive world, coinciding with the emergence of a knowledge society, the awareness among the public regarding their rights and the availability of products has increased considerably. In such a scenario, any company which strives to maximise their profits without giving back to the society or with a total disregard for business ethics, would become a soft target for a strong public backlash. It is thus imperative for the global businesses to put the common global – social and environmental interests ahead of their own selfish motives, and strive for the betterment of the society we live in as well as the environment around us. The emergence of a new global information society driven by economies of cross-border trade, liberalization and globalization has led to the development of new business practices with a growing emphasis on the adoption and application of innovative business approaches such as the assimilation of morality and ethics with profit and protection of shareholder interests both at the same time (Nissanke and Thorbecke, 2005). This new philosophy or approach towards business has found greater public support and is being increasingly incorporated by giant multi-national firms world-wide. It is widely believed that, the assimilation of ethics and morality as well as corporate social responsibility by global businesses is a positive step towards building a better, safer and healthier business environment where organizations are taking conscious decisions to protect and preserve the larger interests of not only its consumers but also of the society at large (Brownlie et al. 1999). The significance of incorporating ethics and morality in ‘mainstream’ business has been argued and debated over the years, with the result that issue has gained widespread support among researchers, management professionals as well as the general public. It is on account of such growing popularity of the practice that has made it inevitable, for global businesses to adopt such strategies and policies within their corporate agenda, and rethink their global business approaches (Sheth and Sisodia, 1999). Business ethics refers to the ethics of power and deals with the manner in which companies acquire, enhance and implement it for the betterment of their own corporate agendas as well as of communities at large. The need for and significance of incorporating ethics in business is growing like never before (Mahoney, 1997). Nature of business ethics within national and international context: The term ethics ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business Essay Example | Topics and Well Written Essays - 3000 words - 1”, n.d.)
Retrieved from https://studentshare.org/environmental-studies/1412918-business
(Business Essay Example | Topics and Well Written Essays - 3000 Words - 1)
https://studentshare.org/environmental-studies/1412918-business.
“Business Essay Example | Topics and Well Written Essays - 3000 Words - 1”, n.d. https://studentshare.org/environmental-studies/1412918-business.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Business
Milton argued in this article that the sole purpose and core obligation of a business is to act in the shareholders best interest- i.e. to create shareholder value or in more blatant terms, to generate profit for them (Friedman, 1970). However, Wearden (2010) adds that there are many who argue against this, the proponents of Corporate Social Responsibility or Sustainable Business, those who advocate the integration of social and environment concerns in their business operations.
12 Pages(3000 words)Essay
Business
For instance, the suppliers, employees, and products and services of a business organization are influenced by it. In addition, government policies, employees, suppliers, and competitors exert substantial influence on a business organization. As such, the effect of the environment on a business is inversely proportional to its size (Dyer & Ross, 2008, p.
3 Pages(750 words)Essay
Business
1). This paper briefly summarizes the enormous business potential in the USA as witnessed at one of the major business events known as “Denver Gift, Home, Jewelry & Resort Show” held in Denver, Colorado from February 26, 2011 to March 1, 2011. To encourage the manufacturing and sale of Native American products, Denver Gift, Home, Jewelry & Resort Show hosted 450 exhibitors selling nearly 4000 types of products including jewelry, furniture, gifts, cosmetics, stationery, handicrafts, garden accessories, interior decoration, etc.
1 Pages(250 words)Essay
Business
Among the other factors important in the essay will include the processes of making a business strategy, and implementing it within the environment of the business. The competitive strategy model provided by porter will have importance
10 Pages(2500 words)Essay
Business
Shareholder owned business organizations are principally accountable to their external investors, in which they are expected to take responsibility in maximizing financial returns. Contrary to this accountability
2 Pages(500 words)Essay
Business
The main objective of a security plan in e-business is to “protect the privacy of the people with whom you do business and safeguard your IT and other information assets.” (Rapalus, 2001) Information is a significant business asset for any
2 Pages(500 words)Essay
Business
KFC also customises its products and services to meet regional demands. The company is not all about the products but also the services that it offers to the customers. Both products and services are vital for the company. The company targets a wide range of
1 Pages(250 words)Essay
Business
The two partners have to adopt a partnership form of business so that they may share the management roles and all the risks that can be encountered. This is a good form of business, as the profits that will be attained
1 Pages(250 words)Essay
Business
I have also applied skills and knowledge from my human resources classes, which was used to identify how the staff within the project would be managed. Understanding business financials was also
4 Pages(1000 words)Essay
Business
Maryanna identified the business opportunity embedded in this trend and decided to take advantage of it by starting a naming business. Yes, the founding of Marayanna’s business was customer driven in the sense that she started her business only when she realized that their existed demand for the right type of names.
2 Pages(500 words)Essay
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 for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us