The stronger the market pressure for profit, the greater the pressure applied on their profit and care conscience decision. In their strongly competitive share market environment, survival depends or means the generation of larger profits in order to grow and resist takeovers. Those who can afford or choose to ignore their conscience succeed only at the expense of those who cannot or do not. There is no other way to look at the situation. Society views health care providers as those who can be trusted in a socially responsible way even under pressure and to place patient care ahead and above personal considerations and convenience. Recent and continuing events in the health care marketplace in the U.S.A. strongly indicate the response of the market to adverse economic factors and the instability that response creates in the patients and their care. Market demands for large profits have caused companies to behave imprudently and to stretch themselves in order to survive and resist a takeover. They had to manipulate care just to succeed and scandal, fraud allegations and large losses followed manipulative acts (Wynne). Non-profit organizations present a welcomed picture. Not-for-profit nursing homes, for example, were reported to have done better financially under funding pressures by changes in Medicare in 1997 (Wynne 2000). These organizations had greater concern with care than with profit or growth. They did not have large loans and reports said that these organizations throughout the U.S.A. maintained superior standards of care. While these nursing home organizations were pressured to adopt many of the competitive practices of the corporate marketplace for the sake of survival, they still seemed to keep an eye on their mission, serve the community better, were less expensive, had fewer complications and a lower mortality rate. Their focus on service tended to increase costs and did not help them compete. Their market model failed and they were taken over and restructured by new corporate owners so as to make them profitable (Wynne). This has been the recent fate of this type of not-for-profit...
Better yet, it demonstrates how far the profit motive can ignore the welfare of workers. The global call center industry boasts of overwhelming $70 billion revenue and employing more than 1 million workers worldwide. Most call center sources are in the U.S.A. And outsource to countries such as India and the Philippines to serve clients. These workers have been subjected to various problems at work, such as traveling at odd hours, submitting to strict supervision, performance pressure standards day after day and the burnout of the work itself for long hours, especially those on night shifts. In addition, they are also subjected to verbal abuse by customers from the U.S.A., United Kingdom, and Australia who resented that their problems were handled by people in faraway countries who were trained to ape their accent. Indian call center workers are preferred for their good English skills and ability to work with discipline. Approximately 350,000 people in India work at call centers, which generate $5.1 billion annually. Clearly, these organizations must face and solve their employees' problems at work in order to retain the profit advantage (Outsourcing Times).
Business Ethics Ethical issues and dilemmas have always been hitting the operational performance and sustainability of business organizations. They directly affect the way an organization formulates and implements its policies, operates as an active participant in the industry, and competes with other organizations for the sake of accomplishing its strategic objectives. Ethical issues may relate to the organization's social responsibility or corporate responsibility; both are vital for the organization to ensure
Business Ethics Focus on Merrill Lynch According to Laura Hartman and her co-writer, Joe Desjardins in the work entitled "Business Ethics: Decision Making for Personal Integrity & Social Responsibility" philosophical ethics may be clearly differentiated from theological ethics because theological ethics attempted to disseminate the well-being of an individual on a religious basis while the ethics of an individual's philosophy is such that provisions of justifications that can be applied to
D.). When a company deals with its purchasing in unethical ways, it cannot suppose its suppliers to be trustable associates and guarantee business continuity. If one doesn't align with something, they shouldn't expect others to do it either. This weakens the entire value chain making it less aggressive in the market. Hence it is important for both buyer and supplier to connect in ethical dealings in their transactions (Ethical Buying or
2). These are important issues because fire chiefs are routinely confronted with actual ethical dilemmas that involve conflicting or competing public and private values as well as corresponding conflicting professional responsibilities (Haraway & Kunselman, 2009). This point is also made by Pammer and Killian (2003) who cite the expanded responsibilities of both fire chiefs and line personnel in recent years. According to these authorities, "A successful fire chief today
Business Ethics "the High Cost of High-Tech Foods case" The cost of high-tech food continues to arouse debates over the ethical, moral, and practical impacts the foods have on the people, market, and economy. However, it is evident that the proponents and opponents of the motion do not seem to come to agreement as each holds their view right. The situation worsens due to the application of emotions in addressing the matter
Business Ethics Company Overview Ethics and Code of Conduct Guiding Principles Our Ideology; Our Objectives; Our Core Values that shape us; As a part of my Business Ethics lesson I have a task to criticize and improve my company's code of ethics, before doing that I want to briefly explain about my company; MLS Holding and what we do? The most effective statements in regard to business ethics are rooted in the strategic vision of an organization
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