Category: business ethics


According to him, it is permissible for an employee to blow the whistle when his doing so will prevent harm to society. (In a similar account, Brenkert says that the duty to blow the whistle derives from a duty to prevent wrongdoing.) The duty to prevent harm can have more https://www.wikipedia.org/ weight, if the harm is great enough, than the duty of loyalty. To determine whether whistleblowing is not simply permissible but required, DeGeorge says, we must take into account the likely success of the whistleblowing and its effects on the whistleblower himself.

She may decide that the right course of action is not to do business in the country at all, and if she is invested in the country, to divest from it. The issue of divestment received substantial attention in the 1980s as MNCs were deciding whether or not to divest from South Africa under its Apartheid regime. … Read More


The committee members should be conscious about the corporate culture and ethical concise of the organisation. Ethics committees can rise concerns of ethical nature; prepare or update code of conduct, and resolve ethical dilemma in organization. The growth of a business is dependent upon ethical practices performed by the businessman. If a custom is adopted and accepted by businessman and public, that custom will become an ethics. What are the obligations of a business, is open to interpretations. While discharging its obligations to the society, the company not only fulfils its own duties, but also paves the way for a stronger and more ethical foundation.

Andersen claims that IPR has increasingly become an instrument in eroding public domain. A common approach to remedying discrimination is affirmative action. The term ‘business ethics’ came into common use in the United States in the early 1970s. By the mid-1980s at least 500 courses … Read More


This objection to CPA is also an objection to political activity by powerful groups like the National Rifle Association or the American Civil Liberties Union and individuals like Charles Koch or Tom Steyer. Business activity and business entities have an enormous impact on https://www.wikipedia.org/ society. One way that businesses impact society, of course, is by producing goods and services and by providing jobs. But businesses can also impact society by trying to solve social problems and by using their resources to influence governments’ laws and regulations.

To avoid this result, some call for work to be made more “meaningful”. Instead, it is a call for labor processes to be arranged so that work is interesting, requires skill, and gives workers substantial decision-making power (Arneson 1987; Roessler 2012; Schwartz 1982). Galbraith is concerned about the persuasive effects of advertisements. In contrast, recent writers focus on thetechniques that advertisers use to persuade.… Read More


To counter this, corporations developed social responsibility programmes which included charitable donations and funding local community projects. They used to get away with unethical behaviour more often under conditions of a seller’s market, i.e., where the seller holds the power in the market place. Many social scientists felt that the deregulation of business would encourage the business to reverse back to its orthodox objective of profit maximization by whatever means including practising unethical conduct.

An individual performs efficiently and feels satisfied at workplace when he/she is in peaceful and contented frame of mind. Now-a-days, the enterprises are realizing the importance of spirituality, contemplation, meditation, and yoga practices, which are the essence of the Indian culture. Such practices help people to lead a more sensible life, increase work efficiency, and decrease stress levels. Respect – Respect means that every individual should have respect for the beliefs and values of other individuals.… Read More


A practice can be made illegal, if society views it as being unethical. For example, if contributions to political parties by companies are being viewed as excessive and unethical, the practice can be banned. In fact, considered from all angles, it is unethical, not to make profit. Managerial ethics, thus, are those principles that guide the conduct https://www.yardbarberusa.com/ and thinking of managers with respect to what is good or bad; right or wrong . It is not always easy to divide managerial actions into clear-cut compartments of ethical and unethical behaviour because of certain complicating factors. Commonly, a business will have a code of conduct document that informs employees of their ethical responsibilities.

https://www.wikipedia.org/ is also related to political economy, which is economic analysis from political and historical perspectives. Political economy deals with the distributive consequences of economic actions. Establishing requirements for not only internal operations but also first-tier suppliers … Read More


An organization can implement sustainability initiatives by improving its operations and manufacturing process so as to make it more aligned with environment, social, and governance issues. Walmart has made commitments to doubling its truck fleet efficiency by 2015 by replacing 2/3rds of its fleet with more fuel-efficient trucks, including hybrids. Dell has integrated alternative, recycled, and recyclable materials in its products and packaging design, improving energy efficiency and design for end-of-life and recyclability. Dell plans to reduce the energy intensity of its product portfolio by 80% by 2020.

These questions include about the morality of the activities, policies, practices, or organizational structure of an individual business taken as a whole. Individual behaviour of the business set the agenda for other companies working in the industry concerned and managers and employees are expected to comply with these standards. Generally, individual companies try to formulate their own ethical standards for their behaviour. … Read More


Jeff Bartel is chairman and managing director of Hamptons Group, a private investment and strategic advisory firm headquartered in Miami.

The pyramid of corporate social responsibility (CSR) is evolving, and organizations must evolve with it. Popular theories of business ethics that once maintained profitability as the sole foundational base are giving way to new constructs that place social and environmental concerns on the same level, creating a triple bottom line proposition for corporate entities. Understanding that foundation and how business ethics plays a role in support is critical to developing processes, messaging and company cultures that support growth.

The Triple Bottom Line Has Upended The Pyramid Of Corporate Social Responsibility

Defined by Archie B. Carroll in the latter part of the 20th century, the pyramid of corporate social responsibility contended that companies had obligations in four key areas: profitability, legality, ethics and philanthropy. In Carroll’s model, these obligations were

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There are sources that provide information on companies that are environmentally responsible or do not test on animals. Ethics are the rules or standards that govern our decisions on a daily basis. Corporations and professional organizations, particularly licensing boards, generally will have a written code of ethics that governs standards of professional conduct expected of all in the field. It is important to note that “law” and “ethics” are not synonymous, nor are the “legal” and “ethical” courses of action in a given situation necessarily the same.

49% of the employees surveyed said they had observed misconduct, with 22% saying they had observed behavior they would categorize as abusive. When questioned if they had experienced retaliation for reporting, a whopping 79% said they had been retaliated against. https://www.yardbarberusa.com/ refers to implementing appropriate business policies and practices with regard to arguably controversial subjects. Moreover, their employees, executives and managers have felt … Read More


To be clear, in a firm in which shareholders’ interests are prioritized, other stakeholders will benefit too. Employees will receive wages, customers will receive goods and services, and so on. The debate between shareholder and stakeholder theorists is about what to do with the residual revenues, i.e., what’s left over after firms meet their contractual obligations to employees, customers, and others.

Michelman writes, “A property regime thus depends on a great deal of cooperation, trustworthiness, and self-restraint among the people who enjoy it.” Potential employees have ethical obligations to employers, involving https://www.yardbarberusa.com/ intellectual property protection and whistle-blowing. Organizational behavior is the study of how people interact within groups and its principles are used to make businesses operate more effectively.

When new employees are to be recruited, the induction training should be arranged for them. Training will help them to familiarize with company’s ethical code of behaviour. A code of ethics … Read More


This kind of activity is sometimes called “political CSR,” since it is a kind of CSR that produces a political outcome (Scherer & Palazzo 2011). Instead of influencing political outcomes, corporations bring them about almost single-handedly. Prominent examples include the Forest Stewardship Council , the Roundtable on Sustainable Palm Oil , and the Extractive Industries Transparency Initiative (Scherer & Palazzo 2011). Critics have charged that MSIs, while effective in producing dialog among stakeholders, are ineffective at holding firms to account (Hussain & Moriarty 2018; Moog, Spicer, & Böhm 2015). We might begin by asking why corporations should be allowed to engage in political activity at all. In a democratic society, freedom of expression is both a right and a value .

Since history shows that neither regulated nor unregulated firms always behave ethically, neither regime offers an ethical panacea. The concept of https://www.wikipedia.org/ began in the 1960s as corporations became … Read More