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Explain at least three ethical issues within today's business environment that impact your communicty and your organization?
Three sources of ethical issues are as follows:Harrassment (Sexual or Otherwise)Customer Confidence IssuesTruth In advertisingBlowing the whistleConflicts of IssuesNote: If you are attending the UOP, you can find this information in your textbook in Chapter 3.
Was there a time when business was ever ethical?
Certainly. Throughout history, some businesses have been more ethical and some have been less so. In smaller communities, small businesses have been almost as subject to the local impact of reputation as individuals, and failure to behave ethically was likely to result in business failure as other members of the community would be less likely to trust and deal with the less ethical business. Larger businesses, and even small businesses in large communities, have always been less subject to those pressures, but that does not mean that some of those were not ethical in their dealings.
What do you think is the business organization primary responsibility to it's stakeholders and why?
A business organization's primary responsibility to its stakeholders is to create value while ensuring ethical practices and transparency. This involves balancing the interests of shareholders, employees, customers, and the community, as their collective well-being is essential for sustainable success. By prioritizing stakeholder engagement and fostering trust, organizations can drive long-term growth and resilience, ultimately benefiting all parties involved. This approach not only enhances reputation but also mitigates risks and promotes a positive impact on society.
Explain the Concept of Social Responsibility of Business?
The concept of social responsibility of business refers to the idea that companies should not only focus on profit maximization but also consider their impact on society and the environment. This includes ethical practices, sustainable operations, and contributions to community welfare. Businesses are expected to balance stakeholder interests, including employees, customers, and the broader community, fostering positive relationships and long-term value. Ultimately, social responsibility promotes a more ethical and sustainable approach to business operations.
How does business and cultural environment shapes an organisations behaviour?
The behavior of any organization is shaped and influenced by the surrounding business. Also the cultural environment has a great impact on the behavior of such organization.
Explain at least three ethical issues within today's business environment that impact your communicty and your organization?
Three sources of ethical issues are as follows:Harrassment (Sexual or Otherwise)Customer Confidence IssuesTruth In advertisingBlowing the whistleConflicts of IssuesNote: If you are attending the UOP, you can find this information in your textbook in Chapter 3.
What are the characteristics of an ethical organization?
An ethical organization is characterized by a strong commitment to integrity, transparency, and accountability in its practices. It promotes a culture of respect and fairness, ensuring that all employees and stakeholders are treated equitably. Additionally, it prioritizes ethical decision-making by aligning its policies with moral values and social responsibility, fostering trust both internally and within the broader community. Lastly, ethical organizations actively engage in sustainable practices and adhere to legal standards, demonstrating their dedication to long-term positive impact.
Was there a time when business was ever ethical?
Certainly. Throughout history, some businesses have been more ethical and some have been less so. In smaller communities, small businesses have been almost as subject to the local impact of reputation as individuals, and failure to behave ethically was likely to result in business failure as other members of the community would be less likely to trust and deal with the less ethical business. Larger businesses, and even small businesses in large communities, have always been less subject to those pressures, but that does not mean that some of those were not ethical in their dealings.
What do you think is the business organization primary responsibility to it's stakeholders and why?
A business organization's primary responsibility to its stakeholders is to create value while ensuring ethical practices and transparency. This involves balancing the interests of shareholders, employees, customers, and the community, as their collective well-being is essential for sustainable success. By prioritizing stakeholder engagement and fostering trust, organizations can drive long-term growth and resilience, ultimately benefiting all parties involved. This approach not only enhances reputation but also mitigates risks and promotes a positive impact on society.
Explain the Concept of Social Responsibility of Business?
The concept of social responsibility of business refers to the idea that companies should not only focus on profit maximization but also consider their impact on society and the environment. This includes ethical practices, sustainable operations, and contributions to community welfare. Businesses are expected to balance stakeholder interests, including employees, customers, and the broader community, fostering positive relationships and long-term value. Ultimately, social responsibility promotes a more ethical and sustainable approach to business operations.
How transaction process impact organization and business firm?
Transaction processing systems help businesses charge customers. If a business doesn't have a proper system money can get missing from the organization.
How does business and cultural environment shapes an organisations behaviour?
The behavior of any organization is shaped and influenced by the surrounding business. Also the cultural environment has a great impact on the behavior of such organization.
How do you think auctions will impact the business community in the future?
maybe
Which level of organization is often dominated by only a few species?
The community level of organization is often dominated by only a few species. These dominant species can have a significant impact on the structure and function of the community.
What is the values of stakeholder?
The values of stakeholders encompass the interests, priorities, and expectations of individuals or groups affected by an organization's actions. These values can include financial returns, social responsibility, environmental sustainability, and ethical practices. Understanding stakeholder values is crucial for organizations to build trust, enhance relationships, and ensure long-term success. Engaging with stakeholders helps align business strategies with their needs, ultimately fostering a positive impact on both the organization and the community.
How does risk analysis relate to a business impact analysis for an organization?
Risk assessment relates to a business impact analysis by showing the amount of risk in making a business deal, by comparing the potential loss to the percent the loss could occur.
How does risk assessment relate to a business impact analysis for an organization?
Risk assessment relates to a business impact analysis by showing the amount of risk in making a business deal, by comparing the potential loss to the percent the loss could occur.
