Businesses are especially concerned with these three things since they involve loss of money and company reputation. In theory, a business could address these three concerns by assigning corporate attorneys and public relations experts to escort employees on their daily activities. External influence on business There are a number of external factors that effects business in the perspective of cultural and international values. These factors are : * business ethics * moral behavior * social and environmental audits * stakeholders
Business ethics As it has already been mentioned , business ethics define a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all perspectives of business behavior and is relevant to the conduct of individuals and entire organizations. These ethics might also cause tension between different stakeholders. It includes values , beliefs , responsibilities and corporate greed’s of a company according the culture. Stakeholders
Another external factor is the effect of stakeholders. As we know stakeholders are the factors that have direct or indirect effect on the life of the company and it’s workers for shareholders, customers, employees, manager, local community, environment and suppliers. These companies have certain responsibilities that will be mentioned right now : – Shareholders: generates profile and pay dividends. – customers: provide good quality products with reasonable prices. Also safety, honesty ,decency and trustfulness. -employees: health and safety at work. Security, fair pay. suppliers: pay on time, pay fair ,rates for the work done, provide element of security. – local community : provide employment , safe working environment, minimize pollution and negative externalities provide external benefits – government: abide by the law, pay taxes, abide by regulations. -management: their aims versus those of the organization as a whole. -environmental aspects : environmental degradation, limit pollution, congestion development and etc. … , moral behavior additional to that, moral behavior is one of the main factors towards having and ethically appropriate business.
The Term Paper on Business Ethics Test Questions With Answers
... Social ethics Answer: d Difficulty: Easy 35. The aspect of business ethics that examines business institutions ... values to all stakeholders d. Subordinates staying away from reporting unethical behaviors of superiors Answer: ... differentiate natural resources from the other factors of production and does not explain ... about corporate vulnerabilities. d. They should pay out a significant amount of the ...
It consists of questions such as whether what is being done is wrong or right? Should the company be trading with corrupt regimes? trading with weapons? How about the humanitarian issues? To what extent will Advertising and promotion be unethical ? will regulations / legislations of the society be looked forward to in the company? Will safety of products and the work place be provided? Will new products be tested by Research and development? And questions from that nature. There are some tensions towards applying the moralities in a companies ethical aspect . uch as situations where profit is standing versus higher , explanations versus development, production versus pollution, supplier benefits versus consumer prices/ lower costs , survival of the business versus needs of stakeholders . for instance in production of toys or multi national industries . but after being under a great deal of pressure, what will the solutions be ? * taxations: * self regulation * subsidies * government eg. EU regulations * legislation * pressure groups * improve competition and contestability of markets. Social and environment audits. Social and environment audits In some countries like UK or USA , the law prevents business from polluting or destroying the environment.
The Term Paper on Business and Work Environment
Business and Work Environments A trade union is a cohort of people involved in similar work or working in the same industry who have banded together for their mutual benefit in matters connected with work. Trade unions exist to collectively represent and protect workers by improving the quality of their working lives. In the workplace, both employees and employers have rights and responsibilities ...
Although businesses must decide whether to adopt louder measures to protect the environment especially if objectives like adapting to recycling materials will lower the profits or so . for example considering multinational businesses in third world countries , should they lower their own environmental standards in the third world to take advantage of this? nother example can be that some pharmaceutical companies or cosmetic producers might use animals to test products and animal rights groups ( an example of pressure groups ) categorize this as unethical. Case studies Nike sportswear company As it was mentioned in the handout of case studies regarding ethics of the world of business, Nike presents itself as a work place of honesty, loyalty, trustworthiness, fairness, concern for others and accountability and it is required to “ use good judgment and common sense “ in the conduction of business.
Nike’s policy prohibits discrimination and harassment and seeks to prevent harassment and provides employees should avoid rude, abusive and unprofessional language. Although the company claims that it is an environmentally responsible corporate citizen , it was reported that the manufacture centers in some of the third world countries like Indonesia or Vietnam are very destructive towards the environment and are polluting the air and the waste is polluting the atmosphere. Gap, child sweatshop
According to The Observer , the tragic consequences of the west’s demand for cheap clothing effects child labor heavily in major countries like India. Despite the company’s diligent social and environmental audit systems that were launched in 2004 to separate the child labor in it’s production processes, the system is being abused by deceitful subcontractors. In this case , the results is that children are working in conditions close to slavery, appear to still be making some of these cloths.
Although Gap’s policy includes the fact that if children were being used by contractors to make cloths, the contractor must remove the child from the workplace, provide it with access to schooling and a wage, and guarantee the opportunity of work on reaching a legal age. But as the authorities and the main chief – in charge of the company is not present when an incident like above happens who is there to discipline the contractors immediately and regulate ? McDonald’s , fast, fun and frightening As one of the biggest franchises in the world , McDonald’s has been growing daily . lthough McDonald’s seems favorable, cheap and clean there are many negative aspects of the business. In spite of paying their employees low wages and negatively impacting other cultures, McDonald’s and chains like it, have managed to position themselves as a positive piece of the food industry. McDonald’s promotes its positive image and products with greasy fries, and a clown named Ronald McDonald. The unethical practices of this large fast food corporation are known but do not seem to detract from the American image that the corporation seeks to estimate. Although McDonald’s akes the effort to support children with life threatening illnesses, the diet offered by this corporation and others contributes to obesity, heart disease, asthma, and possibly mad cow disease. Environmentally, McDonald’s practices are also questionable. Unlike a fresh ground beef patty at a local butcher shop, “a typical fast-food hamburger patty contains meat from more than one thousand different cattle, raised in as many as five countries As noted previously, instead of locally grown potatoes, the corporation uses their own genetically reshaped potatoes. The practices of using food from extreme distances, is environmentally problematic .
The Business plan on Management Ability Business Company Corporations
With the growing number of corporations taking over small businesses, and the belief that becoming a proprietor is associated with being wealthy, one must decide which type of business to become involved with. There are several differences between these two types of business. A corporation is a business organization having a continuous existence independent of its members (owners) and power and ...