Oct 27, · Business Ethics Term Paper. business world is a separate sphere that often lives by its own norms and rules. In the past, the laws of this area were often the laws of the jungle. Today, following accounting scandals and high-profile bankruptcies, many businessmen have begun to attach great importance to ethics Jul 11, · term papers on. The Ethical and Legal Dimensions of Fraud. This is a 5 page paper that provides an overview of corporate View FULL Term Paper Description. [ send me this term paper ] term papers on. Rawls And The Fall Of Lehman Brothers. This 7 page paper begins with a discussion of Rawls statement A business ethics research paper has to be engaging and a solution to a particular economic challenge. We have a compilation of the best business ethics topics to help you achieve this task. Read on. Social Media Business Ethics Paper Topics. Is monitoring employee’s online behavior by companies ethical?
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Introduction The business world is a separate sphere that often lives by its own norms and rules. In the past, the laws of this area business ethics term papers often the laws of the jungle. Today, following accounting scandals and high-profile bankruptcies, many businessmen have begun to attach great importance to ethics. At the same time, maintaining ethics in the business world may not always be that easy as an executive and a rank-and-file employee will be pressured to act under the influence of many factors that can contradict ethical considerations.
With this said, more and more companies recognize that violation of ethical norms can cost them too much to be a viable option. This paper will explore whether it is realistic to hope that business can maintain strict ethical standards and outline possible ways to do it.
Ethics versus Profits Contradiction between business reality and business ethics term papers requirements arises out of the ultimate goal of business — generating a profit. In many cases, business ethics term papers, the attainment of this purpose will become easier if a company violates business ethics term papers rules. Thus, it may be more profitable to sell cherry-flavored products using artificial flavors instead of real cherries, and pass them off as natural products.
It may be more profitable for an insurance broker to direct customers to those insurers that give one a kickback. The linkage between profits and a fall in business standards is noticed by the general public as well.
However, perceptions of business executives tell a different story. Many business ethics term papers them are ready to cite cases when ethical behavior actually contributed to the profits of a company. This is topical for a business entity that faces the need to recall products in which life-threatening defects have been revealed.
The reverse happened when Firestone and Ford were obliged to recall Ford Explorers with defective tyres. The two companies kept blaming each other for the fault, unwilling to recognize their guilt, which tainted their corporate images.
Consumers and Community as Active Agents The upshot of the above examples is that companies business ethics term papers induced to take ethics into the picture when they think about their image in the eyes of external stakeholders — employees, customers, and community.
Customers as people who support the business with their funds have the greatest power to influence companies business ethics term papers inspire them to be ethical. Ethical consumption is now becoming a strong trend in many communities, and customers often connect their decisions about purchasing certain products with their perception of the ethical standards of the producing company.
Nowadays, consumers often conduct actions directed against specific companies, trying to undermine their revenues if companies are suspected or openly accused of unethical behaviors. The Nestle Boycott was directed at the Swiss multinational company that marketed its artificial baby milk in an irresponsible manner.
Lack of adequate instructions in the third-world nations led mothers to apply artificial milk they received in free samples when they had their own. This caused their natural milk to dry up, and when they ran out of Nestle milk, they often had no funds to buy more, and their babies were left to starve. If a company fails to maintain a positive corporate image because of ethical violations, consumers may abandon it in large numbers, certainly an unwelcome opportunity for any CEO.
Ethical Relationships with Employees and Shareholders The company is also forced to maintain positive relationships with other stakeholders, of which employees and shareholders are the most important groups. Attractive compensations levels, fringe benefits, pension plans, educational opportunities — all these tools are used to impress and retain employees. However, a single mistake in ethical treatment of employees can spoil the chances to keep their loyalty.
This is why companies are motivated to place emphasis on ethics in relationships with employees. In managing the workforce, corporations will have to deal with very different and complex cases in which they will be challenged to determine which action is ethical and which is not.
There are many controversial issues that will end in lawsuits to be considered by courts. In many cases, discrimination lawsuits, for example, will be ungrounded, business ethics term papers. It is important to preserve clear understanding of ethical principles and behaviors in complicated cases, and maintain ethical stance in all relationships with employees.
Investors are another important group whose relationship with the company is affected by its ethical standards. In the post-Enron world, too many investors are scared of unethical accounting and business practices that can exist in corporations.
Discovery of accounting tricks can repel shareholders like nothing else, especially when a large restatement of earnings can mean the crash of a reputable company like Enron or WorldCom. A company willing to attract investors has to preserve a spotless ethics record.
Strengthening Corporate Ethics To this point, it seems clear that corporate ethics helps a business be successful. This is especially true when businessmen target long-term, not short-term profits. A company can improve its market position and profits when it has a good reputation with customers, a strong attraction for investors and workable relationships with employees.
This is why businesses around the world are trying to strengthen their ethical standards. There are a number of ways to improve the situation.
Training in ethics should certainly begin in the early stages of a career. Today, business schools have begun to pay increased attention to teaching Business Ethics as a subject and integrating it in other areas of the curriculum. Although there disputes concerning the way to best integrate business ethics into curriculum, there is little doubt that this subject is going to take on increasing importance in the years to come. To improve corporate ethics, many companies take action to communicate to employees the need to maintain ethical standards.
One of the most common tools to achieve this purpose is the Ethics Code. The establishment of a corporate code of ethics should involve a meaningful discussion of issues involved. This process allows employees to contribute their ideas and views and get a better understanding of what ethics means in their organization. These people business ethics term papers be grouped in ethics committees, ethics oversight boards, or appointed as ethics officers. In any case, their duty is to track down instances of violations of the corporate ethics code and to promote its observation.
Many companies are willing to introduce such employees and units in their organizations because they understand business ethics term papers investing in ethics can have a long-term positive effect on their business. To strengthen ethical standards, the company should understand to whom it gives control. These trainings can become the foundation of a corporate ethics compliance program that will also include procedures for punishing misconduct and measures for improvement of ethical guidelines, business ethics term papers.
Conclusion Although many businessmen and public representatives see a conflict between ethics and business drive for profit generation, this contradiction can be resolved. In contemporary environments, many agents put pressure on businesses to behave ethically. A company cannot survive and achieve its goals without the support of its customers, shareholders, employees, business ethics term papers, and other stakeholders. These individuals and groups will only give their support to companies they believe to be ethical.
Therefore, business ethics term papers, the company should strive to improve its ethical standards in every possible way. It can achieve this goal by creating an effective code of ethics, implementing it through ethics committees and ethics officers, delegating authority to the right kind of employees, and communicating its requirements to employees.
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TOPIC: Term Paper on Business Ethics Are, and What They Mean Assignment These ethics should govern decision-making and business practices throughout any organization, and there is no organization, large or small, that does not face ethical decision making at some point in time Business Ethics Term Papers Students are often pressed for time as they juggle with Business Ethics Term Papers multiple assignments, projects, and exams. If you’re in the same boat and are asking “where can I find someone to write my college paper” or “I need someone to write a paper Business Ethics Term Papers for me” you’ve come A business ethics research paper has to be engaging and a solution to a particular economic challenge. We have a compilation of the best business ethics topics to help you achieve this task. Read on. Social Media Business Ethics Paper Topics. Is monitoring employee’s online behavior by companies ethical?
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