Discuss briefly why ethical decision-making is essential in an organization. Q1(b). Identify three (3) companies (internationally, regionally or locally) that were cited for ethical violations in their business operations, and give a brief account of the violation and how the organization and the stakeholders were affected
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Q1(a). Discuss briefly why ethical decision-making is essential in an organization.
Q1(b). Identify three (3) companies (internationally, regionally or locally) that were cited for ethical violations in their business operations, and give a brief account of the violation and how the organization and the stakeholders were affected
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- Ethical objectives are targets based on a moral code for the business, for example ‘doing the right thing’. The growing acceptance of corporate social responsibility has led to businesses adopting an ‘ethical code’ to influence the way in which decisions are taken. Adopting and keeping to a strict ethical code in decision-making can be expensive in the short term. Discuss the possible substantial benefits of acting ethically in the long term.“Professional Liability” Please respond to the following: From the case study, determine the main potential ethical dilemmas. Next, use the seven (7) steps in the ethical decision-making framework to recommend one (1) course of action you would take in order to avoid the ethical dilemmas. Provide a rationale to support your recommendation. From the case study, based on your recommendation in Part I of this discussion, suggest one (1) strategy that would support you making the right decision without undermining the manager’s confidence in your problem-solving ability in a difficult situation. Provide a rationale to support your response. Case Study You have worked as a staff auditor for two and one-half years and have mastered your job. You will likely be promoted to a senior position after this busy season. Your current senior was promoted about a year ago. He appreciates your competence and rarely interferes…Decribe perspective on an ethical decision as it pertains to the conduct of individuals, firms, nonprofit organizations, and government entities, including why and how you either made or supported/opposed that decision.
- 2. Various ethical decision-making models have been developed to assist in sound ethical decision making. Ethical decision making involves consideration of the three aspects of moral theory namely fundamental principles and rules or rights and duties; means, methods and the role of the agent; and ends or consequences. Required:Discuss two (2) of the three aspects of moral theory identified.Ethical codes serve as the moral compass guiding individuals and organizations in navigating the complexities of ethical decision-making. These codes are rooted in fundamental principles such as integrity, honesty, fairness, and respect for others. They provide a framework for behavior and decision-making, ensuring that actions align with ethical values and principles. In professional settings, ethical codes outline the responsibilities and obligations of individuals towards clients. colleagues, employers, and society at large. For example, in healthcare, etifical codes dictate the duty of healthcare professionals to prioritize patient well-being, maintain confidentiality, and uphold the highest standards of care. Similarly, in business, ethical codes emphasize integrity in dealings with clients, suppliers, and competitors, as well as social responsibility and environmental sustainability. Ethical codes are not merely abstract guidelines; they are practical tools that help individuals…Analyse the ethical responsibilities, with theoretical justifications, of each of the following stakeholders the Senior Management of the Toyota Corporation, the employees of Toyota Corporation, the car lobby organisations, the car dealers and the government bodies in the investigation of the problem of unintentional acceleration of Toyota cars.
- You were asked by the Industrial Relations Association of your country to prepare an impactful journal article with the details outlined below: · Compare and contrast at least two (2) tenets/elements (Namely The Stakeholders and Court System. ) of Industrial Relations (IR) in Japan with the way IR exists in the Caribbean. · You must identify and expand on at least two (2) similarities and two (2) differences between IR in each country. of stakeholders and legislation. · Use at least two (2) illustration examples to indicate and clarify why one region would be your choice over the other.When all choices are deemed, undesirable because of potentially negative ethical consequences, or more than one choice appears correct and making it difficult to select the course of action is termed as ethical dilemma. Analyze the responsibility of a manager within conflicting dilemma situation and the guidelines or remedies for dealing and solving them.What potential changes could be made to identify a more ethical solutions? Does the government have independent monitors of safety standards? What role does crisis management and public relations play in responding to a disaster?
- How do the terms business ethics and social responsibility differ from each other? Multiple Choice Business ethics concerns the impact of the entire business's activities on society, whereas social responsibility relates to an individual's decisions that society evaluates as right or wrong. Business ethics is a broader concept, whereas social responsibility is a narrower concept. Business ethics and social responsibility can be used interchangeably because they mean the same thing Business ethics relates to an individual's or a work group's decisions that society evaluates as right or wrong, whereas social responsibility concerns the impact of the entire business's activities on society.An investigative journalist from the BBC has claimed that a major clothing brand uses factories in Indonesia which pollute nearby rivers, damaging the health of local people who use the rivers for bathing and washing. The factories provide much-needed employment in the local area. Determine the different groups of stakeholders involved in this issue. As CEO of the clothing brand, how would you balance the interests of these different groups of stakeholders?Why should a short-term or long-term consequence make a difference in resolving an ethical dilemma?