1.0 Introduction Business ethics refers to what is right and wrong, good and bad, harmful and beneficial regarding decisions and actions in organizational transactions (Weiss, 2009).
So how to identify the unethical business practices? It is very easily. For example, which are company use child labor, produce tainted products, false advertising, infringement, polluted environment and etc.
A company must make a competitive return for its shareholders and treat its employees fairly. A company also has wider responsibilities. It should minimize any harm to the environment and work in ways that do not damage the communities in which it operates. This is known as corporate social responsibility, CSR (Businesscasestudies.co.uk, 2015).
The coursework
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However, to boost the apparent amount of protein and to fool food-quality inspectors, melamine was added to watered-down raw milk supplies by some milk dealers to pursue profits at the expense of other people's health. The tainted milk was then sold to Sanlu and other dairy companies. The Sanlu Group was criticized for selling substandard products and trying to cover up the tainted milk issue. Six babies died and more than 300,000 had kidney stones and renal failure from consuming the tainted infant formula (George and Pratt, …show more content…
It also cause the phenomenon of karoshi and suicide. However, exhausted employees who must work in oppressive and dangerous work environments may see suicide as a viable option. Foxconn stated that it had recently built modern dormitories, had improved the food at the dorms, and had included recreational facilities such as swimming pools to improve the standard of living of the employees. Critics say that recreational facilities are of no value if the employees do not have time to use them. For example, one worker stated that they are extremely tired and under continuous pressure and are required to complete each step in 7 seconds, which is faster than the machines. Less than a week later, another Foxconn employee committed suicide by jumping to his death (Stanwick and Stanwick,
As ever-growing problem in the anthropocene continues, we can not look past the world of business as being one of the major problems in its demise. What can you do to help the anthropocene? Sports figures now a-days are seen as superheroes and with their influence on everything around them it is their duty to speak out about this epidemic. With their wide grip on the world they could make a positive change. Whether it is the athletes, the companies, or the fans, we must sustain the constant push for change in the world.
What are the ethical boundaries of a sponsorship of a nonprofit organization and a for-profit organization? Case study 3-D presented by Patterson & Wilkins (2014, p. 70) is concerned with the University of Phoenix’s sponsorship of nonprofit organization that provide free preschool for children living in poverty. The University of Phoenix maintained a close relationship with the nonprofit organization and was heavily promoted as part of the sponsorship agreement. Many people question the ethical implications of partnerships between nonprofit and for-profit organizations, and many have particularly criticized the University of Phoenix for various reasons. Micro Issues
Children growing up in the American Southwest, drinking contaminated milk from contaminated cows, even from the contaminated breasts of their mother, my mother- members, years
Companies producing products must get their materials from somewhere. Often if they must mine these materials, it’s done in a poor country where they can get away with unethical working conditions. Unethical working conditions are described as exposing workers to hazardous conditions (the mine could collapse, they breathe in toxic chemicals, etc.), Many mining chains use child labor and put these children at risk, also chemicals released from mining cobalt get put into the atmosphere and are eventually absorbed into the soil or water around the mining site. It’s important for companies to prove that their product is or isn’t ethical because companies should be transparent about how their products are made. This would provide protection to both
The story of Erin Brockovich is indeed one concerning levels of ethical dilemmas. What Erin Brockovich went through in the entire sphere of her job at the law firm with Ed Masry and her case concerning actions of PG&E, depicts quantum of all of the five ethical principles in one jock combined. However, what is of grave appreciation and instrumental value that how she and the people around her, knowingly or unknowingly, portrayed vivid views on personal ethics and contradictions towards internal believes and motives with such brilliance and articulate. Business Ethics itself focuses on two things and two things only, which are everyone has the right to pursue their dream and no one has the right to obstruct anyone else’s progression towards
The art of Business Bluffing, as Carr would describe it is “simply as game strategy—much like bluffing in poker. ”(A. Carr) However, it could more aptly be described as lying, cheating, and bribing all in the name of achieving business objectives. An article published in 1968 entitled, “Is Business Bluffing Ethical?” Albert Carr maintained that Business Bluffing is ethical.
There are standard types of ethics violation which every worker need to know during his operations in the business or an
SOCIAL RESPONSIBILITY As we defined above that social responsibility is to protect and enhance well-being of living things. Every organization is socially responsible to protect the environment and they can do there much which is legally required for the organizations. The very first social responsibility of every business is that to earn enough profit to meet his expenses. If the firm cannot earn profit no social need and social responsibility can be met by the firm the firm fails.
Patagonia is a very popular clothing company that provides high quality wear designed for people that enjoy being outdoors. The provide good quality warm clothing such as jackets and flees for reasonable prices. Not only do they provide a great product, but they also make it their aim to make a positive impact by contributing to the industry and by also creating high standards and values which is something that popular brands should always do. Profitability for a company is linked to their ethical standards because it builds a reputation for the brand. It has been found that many investors determine if a company should be invested in by also looking at their social impact.
This module and coursework requirements were directed to present some crucial and effective experience for me. During the entire course, I had learnt a number of different learning, which can be proved quite helpful for me to build a successful and attractive career ahead. I can present the significance of the coursework activities done in terms of my learning from this subject. The reflection of the coursework learning can be presented as below: Problems faced during the research work: Although I have been able to finish my coursework requirements within the time frame.
All other functions are underpinned by the economic role of business in society. •Legal responsibilities - Although companies have their economical fundamental role they are expected to comply with the laws and regulations of the country they operate in. The legal expectations apply to companies, as juristic entities that can act as persons, and the employees they employ regardless of their responsibility. •Ethical responsibilities - Companies are also expected to comply with the ethical norms of a society. Because these are normally not written in law and are therefore not a legal requirement it is difficult for companies to behave and follow it.
Davis (as cited by Khalidah, Zulkufly, & Lau, 2014) defined Corporate Social Responsibility (CSR) as “… the firm’s consideration of, and response to, issues beyond the narrow economic, technical, and legal requirements of the firm. It is the firm’s obligation to evaluate in its decision-making processes the effects of its decisions on the external social system in a manner that will accomplish social benefits along with the traditional economic gains, which the firm seeks. It means that social responsibility begins where the law ends. A firm is not being socially responsible if it merely complies with the minimum requirements of the law, because this is what any good citizen would do.” A firm will not survive without the support of both the stakeholders and shareholders, thus the CSR proposes the indication which stats that a firm can never exist In a vacuum (Khalidah et.
Suicide Three weeks ago I was on my phone and I read on the Instagram that there is an Indian college professor committed suicide after he was tricked and brought to Kuwait with a shepherd’s visa by residency dealers to take care of sheep in a farm in alwafra area. Have you ever asked yourself about what makes a person take his own life? Good morning Ms. Beth and my classmates. Today I am will inform you about the main causes of committing suicide.
What is Foxconn’s unethical issue? In mid 2010, Foxconn Technology Group (Foxconn) was facing a crisis of having its workers held protests and riots against the company in Shenzhen, China. Being the world’s largest contract electronics manufacturer (Pun, 2010), the company exploited its migrant workers by providing them with exceptionally low pay and allowing unacceptable number of overtime working hours in the manufacturing site. Such method of raising workers’ efficiency is unethical in the eyes of many.
Introduction The key ethical issues that were presented in this case study were quality control, lack of customer care, responsiveness, and harming the customer. The Johnson and Johnson case may have been seen as a turning point due to many things the company did right. However, there were many ethical issues in this case which will be explored more throughout this paper.