Category: Ethics

Ethical failures in business are not uncommon. Companies sacrifice even the simplest ethical principles for the sake of competitiveness and higher profits. Customer service professionals and salespeople often find themselves troubled by unethical values, with which they are bound to comply. Customer satisfaction is rightly considered as one of the weakest elements of corporate ethics:…

Table of Contents Introduction Seeing Talking Action Review Conclusion Bibliography Footnotes Introduction The paper involves an analysis of a case study in which the CEO is faced with a crucial decision to make. It is only through incorporation of all stakeholders’ perspectives that one can reach a tenable position as will be illustrated. Seeing According…

Table of Contents Introduction Importance of Ethical Responsibilities in the Business Setting Role of ethical standards in the workplace How a strategic plan influences personal ethical perspective References Introduction Ethical behaviour can sometimes be tricky in its form; how a business carries itself can leave a good or bad impression on consumers and other production…

Table of Contents Company overstepping ethical boundaries for stakeholder agendas Conclusion Reference List Ethics refers to the various moral principles which are professed by a certain group of individuals. Different academic fields have their own ethics which unite individuals in that field (Wheelen & Hunger, 2010, p. 33). In the business context, ethics refers to…

The fact that action is carried out in accordance with law does not necessarily imply the ethicality of this action. In a business environment, business ethics is often at issue because most of organizations that adhere to legal principles fail to take responsibilities for their unethical actions. Although legal, but unethically justified, is considered a…

Table of Contents Introduction Background Problem Statement Review Conclusion and recommendations References Introduction Every industry in the commercial sector has its own ethical standard that must be complied. Ethical provisions maintain an even playing field for all the members of the commercial sector ensuring that the basic norms of exchange are obeyed. It is therefore…

Introduction Ethics is important for the wellbeing of an organization. It determines the effectiveness of an organization and its operations. in the hospitality industry, ethical practices help to avoid issues such as racial conflicts, cultural differences, gender troubles and dishonesty among others. Ethics in the hospitality industries is evolving. Changing values and cultural diversity indicates…

It is not simple to understand why multinational managers behave unethically. However, some general reasons that guide their behaviours could include societal culture, decision-making processes, personal ethics, organisational culture, leadership, and unrealistic performance goals. The above reasons explain why international managers may behave unethically. Hence, ethical behaviour relies on whatever is good for an individual.…

Table of Contents Introduction Ethical Behavior Conclusion Work Cited Introduction The term ethics is used to refer to a set of acceptable principles of right or wrong that guides and regulates the conduct of an individual, the members of a professional body, or the general operations of an organization. In business, ethics refers to principles…

Table of Contents Summary of the case Ethical issue Why this is unethical The affected parties Leadership issue Summary of the case Siemens, a large electronic firm headquartered at Munich in Germany, had developed a culture of corruption in its dealings. This firm’s customers are organizational buyers who make huge purchases once they make approval…