Case Study On Business Ethics - 965 Words

Course Date Student’s Name Institution Case Study on Business Ethics Introduction Ethics describes combination of values that guide the behavior and conduct of persons or entities. It facilitates them to distinguish between wrong and right, good and bad, what can be or should be done and what cannot and should not be done. Business contracts are lawfully binding. However, they are effectual with a robust ethical framework where parties observe and satisfy their contractual responsibilities. An efficient operative economy is enabled by competing for, acquiring and completing contracts ethically. In the case of engaging in unethical conduct a company may lose contracts, particularly government contracts, and waste resources in litigation while looking for damages. This article describes the strategy notion and different methodologies to the tactical use of social responsibility and ethics for the business environment and also impact to the employee Discussion While discussing ethics, corporate culture includes shared values, beliefs, attitudes, and standards that describe an organization members as well as define its nature. It is embedded in an establishment s strategies, goals, structure, and approaches to investors, customers, labour, and the society as a whole. Honesty is the character of an individual being sincere, truthful or frank. On the other hand Integrity refers to being honest and having stout moral values and moral uprightness. All the define aspectsShow MoreRelatedBusiness Ethics Case Study1478 Words   |  6 Pagesï » ¿Business Ethics Case Study #1 Starbucks Starbucks is a business that has been around since 1971 serving a various amount of coffee for people all around the United States. This business started in the city of Seattle with getting port of coffee from around the world. Today they are international business getting in approximately $11 billion dollars a year. With this being said Starbucks is a very high pace, high traffic environment with all the stores giving a home feel to them so when you orderRead MoreBusiness Ethics: Case Studies1238 Words   |  5 Pagesï » ¿Business Ethics Table of Contents Case 1: Monsanto Attempts to Balance Stakeholder Interests. 3 Case 3: Wal-Mart: The Future is Sustainability. 4 Case 6: AIG: Coping with financial and ethical risks. 4 Case 7: Microsoft Manages Legal and Ethical Issues. 5 Case 1: Monsanto Attempts to Balance Stakeholder Interests. Monsanto is a world renowned organization dealing in agriculture products. The seeds produced by the business are genetically modified. The genetically modified agriculturalRead MoreBusiness Law and Ethics Case Study1141 Words   |  5 Pagesincrease the happiness of more people and parties by exaggerating his work experience. The first party that would benefit from this is his parents. As was said in the case study (2014), Tom’s mother had lost her job a few years ago and has remained unemployed since. Tom’s father has also not been doing well financially, as his business has not been doing well as of lately, which would lead to less income for the family. Tom’s parents would be better off financially, as they will no longer need to supportRead MoreReaction and Case Study in Business Ethics3008 Words   |  13 PagesBulacan State University City of Malolos College of Business Administration â€Å"Reaction and Case Study in Business Ethics† A paper private to the college of Business Administration of the Bulacan State University City of Malolos Bulacan In partial fulfillment of the Requirements in Business Ethics Under Mr. Eliseo S. dela Cruz By: Efraim Hazel C. Reyes Case Study Outline Title Page Table of Contents PartRead MoreBusiness Law and Ethics Case Study826 Words   |  4 Pageswould be purity. If Tom were to tell on Brenda, he would be hurting Brenda and Mary, but he would also be causing small increases in unknown happiness to the community (school leavers and their families, police, the community). Kantian ethics Under Kantian Ethics, Tom should be talking to Michael and explaining the situation to him, as he is focusing on his duty to do what is morally right, regardless of the consequences (QUT, 2011). Universal Acceptability is followed as telling Michael the truthRead MoreBusiness Ethics Case Study - Tylenol1400 Words   |  6 Pagesignorance. If a criminal were truly aware of the mental and spiritual consequences of his actions, he would neither commit nor even consider committing them. Any person who knows what is truly right will automatically do it, according to Socrates. This case also deals with philosophical issues such as : rational choice, welfare,integrity, justice and fairness; capabilities and development;self-interest. Their ethical decision was based on their credo their founder created. We believe it is admirableRead MoreCorporate Governance and Business Ethics Case Study2156 Words   |  9 PagesASSIGNMENT NO.1 Subject: CORPORATE GOVERNANCE Topic: Business Ethics scenario Case Study Date: 7th March 2011 Submitted by: Miss. Janhavi R Joshi Submitted to: Professor Mrs. Monica Khanna 1. Receiving a Holiday Gift: A supplier sends a basket of expensive foodstuffs to your home at Christmas with a card: We hope you and your family enjoy the goodies.. What action(s) might you want to take? Answer: Ethical dilemma: There are two reasons for such generosity from the SupplierRead MoreCase Studies of Business Ethics Corporate Governance3354 Words   |  14 PagesAn Assignment of Business Ethics amp; Corporate Governance CASE STUDIES Module I BHOPAL GAS TRAGEDY December 3, 2009, marked the 25th anniversary of the worlds worst ever industrial disaster - the gas leak that occurred at Union Carbide India Ltds (UCIL) pesticide plant in Bhopal (Madhya Pradesh, India). The tragedy that instantly killed more than 3,000 people and left thousands injured and affected for life, occurred when water entered Methyl Isocyanate (MIC) storage tank No. 610Read MoreBusiness Ethics Case Study Essay example1345 Words   |  6 Pageswife. Lawson just started his professional career in engineering at Goodrich, but it could all come to a complete halt if he ignores his conscience. It could influence his judgment on his moral beliefs and begins to believe this common behavior in business. However, his obligation is to follow order and do what his supervisors ask him to do, but you override these obligations if they lead to harming others. B.F. Goodrich has a loyalty clause to the shareholders as well. 3. Moral Values: OneRead MoreBusiness Ethics Case Study: Orkin Extermination955 Words   |  4 PagesCase Summary: Between 1966 and 1975, Orkin Exterminating Company contracted with their customers a â€Å"lifetime† termite protection control if the contracted customers continue to pay the annual renewal fee. But, this contract became too expensive for Orkin when US suffered price inflation. It decided to increase annual renewal fee by 40 Percent. Few persistent customers were able to escape the rate increase through an accommodation plan, while most customers were not informed about this possibility