business principles and the role of ITand Ethics in Business

Top PDF business principles and the role of ITand Ethics in Business:

Ethics in international business

Ethics in international business

The participants of the Caux Round Table are convinced that the business world needs to have an important role in improving social and economic conditions. Thus, in 1994, they have come up with a set of business behavior principles, called Principles for business, which translates aspirations, and offers a global standard that companies can relate to concerning business behavior. This code allows the common values to be identified and the different ones to be conciliated, describing a common conception about a practice behavior that is acceptable to all and respected by all. These principles are originated in three fundamental ethic notions: the Japanese notion of ―kyosei‖, respect and protection of human dignity and responsible stewardship. Kyosei refers to living and working together for the common good, in a manner that combines cooperation and prosperity with healthy and loyal competition.
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Role of Business Ethics in Management

of Human Resources

Role of Business Ethics in Management of Human Resources

After all, many of the everyday business activities require the maintenance of basic ethical standards, such as honesty, reliability and cooperation. The activity will not be able to survive if corporate directors never tell the truth, if buyers and sellers never trust each other or if the employee refuses, ever, to provide support to each other. Likewise, it would be wrong to conclude that the scandal involving the misuse of corporate indicate the subject of business ethics, in some way, as naive or idealist. Indeed, on the contrary, it can be said that business ethics primarily there to give us some answers related to questions about why certain decisions should be evaluated as ethical or unethical, or correct and incorrect. Accordingly, one of the most important principles of business ethics is reflected in the practical analysis of the ways in which create value in organizations and communities. (Batstone, 2003). In such circumstances, there are certain ethical dilemmas. The ethical dilemma is an example in which there is a difficult question about what is the right thing to do. It often occurs due to a conflict of moral values or principles, either within a single entity or between two or more factors. Focus on the method of examples is called. “Casuistry” which analyzes the ethical dilemmas and problems in order to serve as an aid in making decisions and doing the “right things”. (Brown, 2003).
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Business ethics

Business ethics

Terms of global business led to the necessity of achieving a competitive advantage and achieve goals that do not include only profitability increase. In other words organizations are focused on maintaining satisfaction of customers, employees and shareholders, using its resources to create best quality services and products through most acceptable way. For an organization to succeed in this fields, their procedures and actions must be based on ethical principles and the principles of business. Organizations that manage to combine and maintain balance between the principle of profitability and ethics will have a long-term perspective of growth and development. Also, social responsibility of a company is becoming increasingly important component of a successful business, because it brings up a number of benefits such as increasing market share, strengthening competitiveness and recognition among consumers. The leader has also a major role in resolving ethical dilemmas. To reduce this responsibility of a leader, it is necessary to define the rules of conduct and provide a system through which to resolve problematic ethical issues. On the one hand modern economy does not know the companies that are not willing to adapt, create various codex that need companies to ease the applicability of ethical norms, both worldwide and in Croatia. On the other hand we are witnessing different kinds of devastatingly behavior to the environment and surroundings by many companies, but also large corporations. As for violations of business ethics in the world, there are numerous examples, but the biggest example of unethical, but also illegal business case is Enron .
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Business Ethics in Higher Education

Business Ethics in Higher Education

Traditionally, role of managers is to maximize profits. For instance, in the essay of Milton Friedman (1970), he mentioned manager of a business is to make as much money as possible while conforming to the basic rules of the society. The Wealth of Nations of Adam Smith advocates the philosophy of capitalism. Steiner & Steiner (1991) commented that a careful review of Smith’s influential work reveals his support of the theory of moral unity in business – the ethical principles existing in other social institutions are equally applicable to economy. With the evolution of time, two schools of thought have been developed. One school of ethics is utilitarianism: to act for the greatest good for the greatest number of people (Collins, 1994); and another school is deontologism: individuals have right to well-being and to honor this right one must fulfill a duty to provide for the well-being of others. Utilitarianism will instruct managers to act in a way to get result in the greatest good for the greatest number which can create value. Deontologism will instruct managers to respect individuals by recognizing their rights and contributing to their just treatment which can build trust. Creating value and building trust are instrumental values for both ethical and effective management (Collins, 1994).
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Topic Gateway Series. Business ethics. Business ethics. Topic Gateway Series No. 46

Topic Gateway Series. Business ethics. Business ethics. Topic Gateway Series No. 46

grow over time as new situations arise that need to be covered. Principles based codes do not attempt to cover every eventuality specifically, but can be applied across a wide variety of situations. The framework approach does, however, demand professional judgement to apply it and it can be less clear cut. CIMA’s code of ethics is principles based, and applies to all members and registered students. It is based on the code of ethics of the International Federation of Accountants (IFAC), the umbrella organisation for accountancy institutes. The code sets out a framework of five fundamental principles: • integrity
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Principles of business ethics. ENMAX Principles of Business Ethics

Principles of business ethics. ENMAX Principles of Business Ethics

The Principles apply to members of the Board of Directors and employees of ENMAX Corporation and its direct and indirect subsidiaries (collectively “ENMAX” or the “Company”). We expect everyone to whom these apply to conduct himself or herself in accordance with these Principles and will hold them accountable for their conduct. If anyone does not comply with the Principles, they may be subject to disciplinary measures up to and including termination of employment or direc- torship, in the case of our Board of Directors. The same expectations of ethical conduct and consequences apply to our agents and contractors. Therefore, it is important that you read these Principles and ensure that you understand them. This handbook is available online on both our internal and external websites and in print form from the Vice President, Corporate Responsibility upon request. As a starting point, it is critical that everyone who represents ENMAX use good judgment and common sense. This is the best way to ensure that our company continues to meet high standards of business conduct. Since we cannot antici- pate every situation that may arise, you may need to seek guidance. When in doubt, always endeavour to ask first, act later. Please speak to your supervisor or the Vice President, Corporate Responsibility if you have:
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Business Ethics and Corporate Growth

Business Ethics and Corporate Growth

Freeman 1984 ( as cited by Elias, 2005) advocated the stakeholder theory which states that corporate entities are responsible to many stakeholders which includes consumers, investors, employees, shareholders, government and the general public. Business ethics help management to align with their different interest group in a bid to maximise their wellfare. Stakeholder theory can also set the stage for effective measurement of corporate social overall performance by distinguishing between stakeholder issues and social issues. Business ethical code of conduct help to resolve these issues confronting corporate organisation. Stakeholder theory provides a structural and rationale for understanding and explaining why building ethics into planning and operations is a sound management strategy. It provides a framework for understanding why firms with records of ethical management might be expected to outperform competitors lacking this focus on the medium or long term measure by conventional financial and market test of performance. (Clarkson, 1998).
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Emotional Intelligence and Business Ethics. The Necessary Factor for Transformational Leaders to Lead with Moral Principles.

Emotional Intelligence and Business Ethics. The Necessary Factor for Transformational Leaders to Lead with Moral Principles.

A Transformational leader must not only have good ethics, he must be seen by others to be an ethical person. The reputation rests on two pillars, the moral person and the moral manager. Unless leaders communicate their ethics they can be perceived as being ethically neutral. (Trevino, Hartman & Brown, 2000)

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Code of Ethics and Business Conduct

Code of Ethics and Business Conduct

Having a diverse workforce made up of employees who bring a wide variety of skills, abilities, experiences and perspectives is essential to our company’s success. We are committed to the principles of equal employment opportunity, inclusion and respect. Huntington Ingalls Industries is dedicated to creating work environments in which all employees have the opportunity to perform quality work. We want to be known as a company where the diversity of all of our employees and the diversity of their thought and experience contribution is recognized, understood and valued. Through fair, equitable, inclusive treatment of every employee, we foster an environment of respect and one that lets our employees know they are our most important asset.
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Affirmation of principles and improved corporate governance in Serbia - business ethics and corporate social responsibility

Affirmation of principles and improved corporate governance in Serbia - business ethics and corporate social responsibility

Most of managers strongly agree that companies have the following moral obligations towards their employees: to respect their dignity, to respect employment contracts, to pay regular and fair compensation for the work as well as the social security liabilities, to take account for safety at work, to encourage professional development and training of employees, to apply the criteria of position requirements, candidates’ capabilities and results in the recruitment and promotion. Regarding companies’ moral duties towards users of their products and services, managers strongly agree that companies ought to provide products and services that do not endanger life and health, than to clearly inform customers of a product or service content so they know exactly what they buy, also to pull out products and services that endanger users as soon as the problem is noticed, in addition to enter into a business transaction by both parties fully understand the potential risks, and finally not to manipulate the marketing messages by giving false or insufficient information.
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A Discussion of Ethics in Relation to Business and Non-Business Students

A Discussion of Ethics in Relation to Business and Non-Business Students

person  to  be  able  to  separate  the  ethical  from  the  unethical,  they  need  to  have  the   training,  preferably  from  an  early  age.     It  has  already  been  shown  that  family  has  the  greatest  impact  on  a  person’s   ethical  standards.    However,  it  has  also  been  shown  that  education  in  ethics  is  not   completely  ineffective.    The  best  way  to  promote  this  education  is  by  promoting  a   community  environment  on  college  campuses.    McCabe  and  Trevino  showed  that   “cheating  appears  to  be  lower  on  smaller  college  campuses  where  students  feel  they   are  a  part  of  the  college  and  where  academic  honesty  is  highly  valued”  (Klein  et  al.   199).    If  this  community  atmosphere  can  reduce  cheating  and  promote  higher   ethical  standards,  then  students  will  bring  that  into  the  workplace  as  well.         Finally,  ethics  training  should  be  integrated  throughout  a  student’s  entire   education.    Stand-­‐alone  courses  in  business  ethics  may  suggest  that  ethics  is   somehow  unrelated  to  the  rest  of  the  curriculum  (Borkowski  and  Ugras  1125).    It   may  even  be  best  to  begin  ethics  training  in  grade  school,  before  the  student  reaches   college.    Then,  if  the  ethics  education  is  incorporated  into  every  class  that  the  
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Affirmation of Principles and Improved Corporate Governance in Serbia - Business Ethics and Corporate Social Responsibility

Affirmation of Principles and Improved Corporate Governance in Serbia - Business Ethics and Corporate Social Responsibility

The aim of this chapter is to examine whether corporate governance in Serbia is based on affirmation of responsible and ethical conduct. The concept of corporate governance refers to the system by which companies are managed and controlled in order to generate long term economic value for its shareholders, while respecting the interests of stakeholders and society as a whole. Companies’ responsibility towards their stakeholders is recognized as a principle of good corporate governance. In this chapter, we present results of the poll on the managers’ attitudes towards business ethics and corporate social responsibility in Serbian business environment. We found out that managers are uniformed in the belief that companies have responsibilities towards their stakeholders: employees, business partners, suppliers, customers, community and environment. In addition, they are of the opinion that ethical behaviour and business success could go along, and also that immoral conduct is not justified in business. Nevertheless, most of examined managers see current business environment in Serbia as an uncompromising struggle. We can conclude that while managers’ attitudes towards business form a solid basis for the affirmation of principles and improved corporate governance, the perception of business environment as an uncompromising struggle indicate that current business practice in Serbia, in fact, hinder ethical and responsible conduct and reflect its opposite.
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Managing Ethics in Business Intelligence

Managing Ethics in Business Intelligence

At its core, ethics is about behaviors. The ways we conduct ourselves when self-interest is in conflict with our values, how we behave in the face of ambiguity and uncertainty, the methods we use to make and com- municate difficult decisions—these are the tools to create a culture of ethical behaviors. In business and BI ethics, the purpose is to shape organizational behaviors. Actions, not words, define the character of an organization, and organizational character guides individual conduct. BI offers many opportunities to mold organizational cul- ture and character. Using BI capabilities to detect fraud, both internal and external, is an effective way to expose unethical conduct. Performance management programs can employ metrics and monitoring for compliance with policies that encapsulate ethical positions.
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Code of Ethics and Business Conduct

Code of Ethics and Business Conduct

influence the recipient’s business decisions. If you receive or wish to give a gift valued at more than £100 or the equivalent, or that otherwise may appear to create a conflict, consult with your manager before accepting or offering the gift; and together check with your compliance representative or the RELX Group’s Corporate Compliance Group with questions about the appropriateness of any such gifts. You may be asked to return higher-valued gifts, or to have the company keep the gift for company use or donate it to charity, rather than allow you to keep it and risk appearing biased.
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NATURE AND SOURCES OF BUSINESS ETHICS

NATURE AND SOURCES OF BUSINESS ETHICS

1. Ethics Corresponds to Basic Human Needs: It is a human trait that man desires to be ethical, only in his private life but also in his business affairs where, being a manager, he knows his decisions may affect the lives of thousands of employees. Moreover, most people want to be a part of an organisation, which y can respect and be publicly proud of, because they perceive its purpose and activities to be honest and beneficial to the society. Most top managers would like to respond to this need of their employees; and they themselves feel an equal need to be genuinely proud of the company they are directing. These basic ethical needs compel the organisations to be ethically oriented.
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Business ethics & collective responsibility

Business ethics & collective responsibility

In summary, this example of the bank illustrates two things. It illustrates that it is perfectly possible for it to operate as a loan-making business while satisfying the criteria for being a system of the kind I have described. It is based upon a set of rigid rules that constrain it (through constraint of the loan arrangers that populate its structure) to forming attitudes only on factual propositions about profitability and default rates. It is certainly the case that this involves the use of judgment on behalf of these individuals, but this should be expected in the analysis of complex factual propositions. The values that the bank pursues are not its values since it forms no attitudes on them, explicitly or implicitly, but rather they take the form of external constraints on its activity. Moreover, the system exhibits complexity insofar as it produces outcomes that, given bounded rationality, would not be foreseeable by the agents that create and operate the system. Some of these outcomes have been described above – differential treatment of borrowers from one community, based on their membership of that community; the changing attitude that the system takes to the risk of borrower default as a result of financial innovation. While this example is quite straight forward, it serves to illustrate even at this level how a business can operate as a complex system. Given that the business is also created by its founders, moral agents, it satisfies the three criteria for being a morally significant system. Insofar as the outcomes of the system are not wholly attributable to individuals for the reasons set out, and insofar as these outcomes are morally significant, the system as a distinct entity assumes moral responsibility for them.
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SYLLABUS OF THE COURSE «Business Ethics»

SYLLABUS OF THE COURSE «Business Ethics»

Ethical Decision (Individual / Community) in Organization. Structure of Ethical Decision Making. How to Use Ethical Reasoning. Utilitarian Criteria. Moral Rights Criteria. Distributive Justice Criteria. Social Contract Criteria. Problems in Ethical Decision Making. Guidelines for Managers for Ethical Decision Making. Ethical Dilemmas in Organization. Salient Features of Ethical Dilemma. Approaches and methods of Resolving Ethical Dilemmas. Ethics in Marketing. Common Unethical Practices. Marketing Ethics – Important Issues. Ethical Products. Ethics n Pricing. Ethical Promotion. Ethics in Channel. Ethics in Finance. Ethics in Human Resource Management. Ethics in Information Technology. Preventing Crimes and Ethical Dimension. Case Study.
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Ethics Of English On Business Presentation

Ethics Of English On Business Presentation

In this globalization era, communication plays important role to deliver a message, either spoken or written messages. Saylor Foundation (2015: 6)states that all of us encounter thousands of messages in our everyday environments, so getting your idea heard above all the other ones is a constant battle. Researcher Norman W. Edmund estimates that by 2020 the amount of knowledge in the world will double every seventy- three days because we live in a world where we are overwhelmed with content, communicating information in a way that is accessible to others is more important today than ever before.
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BUSINESS STUDENTS ATTITUDE TOWARDS BUSINESS ETHICS IN PAKISTAN

BUSINESS STUDENTS ATTITUDE TOWARDS BUSINESS ETHICS IN PAKISTAN

180 literature most of studies come from developed countries, there are few studies from developing countries like Pakistan. This study contributes to literature by obtaining some evidence of students’ attitude for business ethics. Secondly, the focus and target audience of this study is business students only, to investigate their attitude. Similarly, to examine whether there are significant correlation between ethical and moral values with students’ demographic and personal characteristics, like gender, education, and culture. Business schools and management departments may get benefit from this study, examining their course outlines and curriculums, and to reflect their role in shaping better society and business practices. Companies can also learn from this study and get valuable information about the behavior and thinking of students about business what it should to do, as they are future employees.
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Why Is Ethics Necessary In Business ?

Why Is Ethics Necessary In Business ?

ethics because there will always be weaknesses and lacks. Furthermore, Leviathan in Thomas Hobbes (1986), assumes that an individual has a natural tendency to be paid attention, in particular, on his/her interest and welfare. Adam Smith (1723-1790), who was famous for his self-interest, revealed that everyone has a self-interest. This does not only mean that people want to think about themselves, but also they pay attention on the welfare of their closest people, families, and social environment. In this way, people behave ethically for the purpose of fulfilling the interests of themselves and their closest people, including their social environment. Further, the theory proposed by Immanuel Kant (1724- 1804) says that something good (absolute) is goodwill. The best moral concept is the reason, not experience. Basically, human beings behave ethically with motivation background that is not necessarily the same because there is self-interest that naturally belongs to man.
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