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Business Ethics

Also called corporate ethics, business ethics is a form of professional ethics or applied ethics that looks at ethical principles and ethical or moral problems arising in a business environment. It is relevant to the conduct of business organizations and individuals.

500 Questions

How do you identify different scenarios i have overcome across in my workplace which is in idirect contradiction with business ethics?

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Asked by Wiki User

To identify scenarios that contradict business ethics in your workplace, look for instances of dishonesty, conflicts of interest, discrimination, or misuse of company resources. Pay attention to any actions or decisions that may harm stakeholders, breach confidentiality, or violate laws and regulations. Keep an eye out for behaviors that go against the organization's code of conduct or core values.

What Societal ethics and principles of personal ethics?

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Asked by Wiki User

Societal ethics refer to the moral values and norms upheld by a specific society or community, guiding behavior and interactions among its members. Personal ethics, on the other hand, are the values and principles an individual believes in and uses to make decisions in their own life. While societal ethics are influenced by cultural and societal norms, personal ethics are more subjective and influenced by an individual's experiences and beliefs.

What is a socially constructed. Concept?

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A socially constructed concept is an idea or perception that is created and shaped by society, rather than being inherently true or universal. These concepts are influenced by cultural norms, beliefs, and values, and can vary across different societies and time periods. Examples include gender, race, and beauty standards.

What factors have influenced the social responsibility strategies of the phillip Morris company?

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The social responsibility strategies of Philip Morris have been influenced by factors such as increasing public concerns about health risks associated with smoking, changing tobacco regulations globally, growing pressure from anti-smoking advocates and health organizations, and the need to improve public perception and reputation in light of these challenges. These factors have led the company to invest in alternative products, corporate social responsibility initiatives, and public health campaigns to address these concerns.

What are personal Ethics?

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What you expect from yourself. For example ; punctuality, respect towards fellow workers, doing the best you can.

What is the examples of goals and means in business ethics?

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An example of a goal in business ethics could be to promote transparency in financial reporting. A means to achieve this goal could be implementing regular audits by external parties to ensure accuracy and accountability. This would help maintain the trust of stakeholders and uphold ethical standards in financial practices.

When was The Social Responsibility Theory created?

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The Social Responsibility Theory was proposed in the 1950s and gained prominence in the 1960s as a response to the growing concern about the impact of business activities on society. It emphasizes that businesses have an obligation to act in ways that benefit society beyond just maximizing profits.

What is the imprtance of management philosophies?

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Management philosophies provide a framework for decision making and guiding behavior within an organization. They help establish a common understanding of values, priorities, and goals among employees. By adopting a management philosophy, organizations can improve communication, increase efficiency, and promote a positive work culture.

Should MNCs follow the theory of ethical relativism when operating abroad?

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While MNCs should respect local customs and laws, they should also adhere to a universal set of ethical standards that promote human rights and environmental sustainability. Ethical relativism may lead to inconsistency in corporate behavior and can be exploited to justify unethical practices. It is important for MNCs to strike a balance between respecting cultural differences and upholding ethical principles.

What is the difference between the views of classical and social responsibility?

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Classical view of responsibility holds that a business should solely focus on maximizing profits for shareholders, while social responsibility view believes that businesses should also consider and address the impact of their actions on society and the environment. Classical view emphasizes economic performance, while social responsibility view emphasizes ethical and social impacts.

What is the corporate social responsibility of Philippine airlines?

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Philippine Airlines' corporate social responsibility includes supporting local communities through education and disaster relief efforts, implementing sustainable practices to reduce environmental impact, and promoting diversity and inclusion within their workforce. They also strive to uphold ethical business practices and transparency in their operations.

Is there a difference between philanthropy and social responsibility?

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Yes, philanthropy typically involves providing financial or other resources to support charitable causes, while social responsibility refers to a company's obligation to operate in an ethical manner that benefits society as a whole, including considerations of environmental impact, employee well-being, and community engagement. While philanthropy is one way to fulfill social responsibility, the latter encompasses a broader range of practices that affect various stakeholders.

Why are business ethics and social responsibility important components of a firm's overall philosophy toward conducting business?

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Business ethics and social responsibility are important because they help to build trust and credibility with customers, employees, and other stakeholders. By demonstrating ethical behavior and a commitment to social responsibility, a firm can enhance its reputation, attract top talent, and create long-term value for the business. Additionally, ethical behavior and social responsibility can help mitigate risks and prevent potential legal, financial, and reputational damage.

How often should codes of ethics be updated?

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Codes of ethics should be reviewed and updated regularly, ideally annually or at least every few years. Changes in laws, regulations, industry standards, and organizational practices may necessitate updates to ensure the code remains relevant and effective. Additionally, soliciting feedback from stakeholders and incorporating new perspectives can help to enhance the code's comprehensiveness and credibility.

Examples of unethical but legal behaviors?

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Some examples of unethical but legal behaviors include tax avoidance, exploiting legal loopholes for personal gain, and conducting misleading advertising campaigns. While these actions may not violate any laws, they can still be considered unethical by societal standards.

What is meant by knowledge is socially constructed?

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This means that knowledge is shaped by society, culture, and social interactions. People's beliefs and understanding of the world are influenced by their environment, experiences, and the norms of the society they live in. Knowledge is not just objective facts, but is also subjective and influenced by various social factors.

Which country are low and high contact culture?

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Low contact cultures, where people prefer to maintain more personal space and limit physical touch, are often seen in countries like Germany, the United States, and Northern European nations. High contact cultures, where people are comfortable with physical touch and close proximity, are more common in countries like Italy, Spain, and Greece.

Why are American CEOs so greedy?

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The perceived greediness of American CEOs can be attributed to a combination of factors, including the emphasis on short-term profits, pressure from shareholders to maximize returns, and compensation structures that incentivize high levels of pay. Additionally, societal norms around success and wealth in the US may contribute to the perception of greed among CEOs.

What are the barriers to social responsibility?

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Barriers to social responsibility include lack of awareness or understanding of social issues, competing business priorities, financial constraints, and resistance to change within an organization. Additionally, perceived lack of direct benefits or incentives for engaging in social responsibility initiatives can hinder progress.

What are the characteristics of a socially just classroom?

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A socially just classroom is one where all students feel valued and respected, regardless of their background or identity. It promotes equity and fairness by providing opportunities for all students to participate, learn, and succeed. Teachers actively address issues of bias, discrimination, and inequality to create an inclusive and supportive learning environment for everyone.

Kohlbergs view on moral development show that the more morally mature a person becomes the more likely it is that the person will obey the moral norms of his or her society discuss?

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Kohlberg's theory suggests that individuals progress through stages of moral development, with higher stages associated with internalized moral principles rather than external norms. Therefore, a person at a more advanced level of moral development may be more likely to act based on their own principles rather than simply adhering to societal norms. However, this does not imply blind obedience to all societal norms, but rather a consideration of universal moral principles.

What are some 'natural duties'?

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Natural duties are obligations that individuals have simply by virtue of being human. They include duties such as not committing harm to others, respecting the autonomy and dignity of others, and helping those in need when possible. These duties are considered universal and inherent to being a moral being.

How do you learn social responsibility?

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You can learn social responsibility by actively seeking out volunteer opportunities, participating in community service projects, and supporting sustainable and ethical businesses. Additionally, educating yourself on social issues, practicing empathy and kindness, and being mindful of the impact of your actions on others are key aspects of learning social responsibility.

What are key areas of self-awareness?

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Key areas of self-awareness include understanding one's emotions, thoughts, beliefs, strengths, weaknesses, values, and motivations. Self-awareness also involves recognizing how one's actions and behaviors impact themselves and others, as well as being aware of patterns in relationships and reactions to different situations. Developing self-awareness can lead to personal growth, improved decision-making, and better interpersonal relationships.

Describe relationship between individual difference and ethical behavior?

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Individual differences, such as personality traits and values, can influence ethical behavior by impacting how a person perceives moral dilemmas and makes decisions. For example, someone high in conscientiousness may be more likely to adhere to ethical standards, while someone low in empathy may struggle to consider the perspectives of others. These differences can shape the choices individuals make in ethical situations.