Business, Law and Ethics
Business Law
The ethical and legal concepts of a business are normally intertwined. Government put in place effective regulations which necessitate gathering information. When regulatory needs conflict with principles obtained the constitution, ethical and legal needs are raised. Legal strategies nowadays include legal, compliant programs that help institutions to be competitive. Different businesses have one goal of attaining profits, but in the process they should consider different legal issues and ethics required in a business. The literature below is a discussion of law and society article that focuses on dispute resolution system in the context of consumer protection laws in the organizations. The study expands on how organizational governance influences the law.
Rise of governance in private organizations is a matter which has had constant debate. By creating a disclosure of ethics and policies, governance boards, organizations, reporting, systems and private governance can adopt a significant amount of rulemaking, application, sanctioning and interpretation within their own domain. Different organizational structures like alternate dispute resolution and internal grievance have risen, hence enabling dispute resolution without involving the courts (Samuel, 2004). Internal grievance and dispute resolution are operated by private sectors, which help to resolve consumer, and other parties like shareholders and employees grievances. It is well established that aggrieved parties adjudicate for the alternate resolution system, but there is remarkably little research, which addresses the process, which law is constructed through different organizational structures. This implies that the resolution structure affects the meaning and implementation of the law. Following complaints by consumers in 1970's, about manufacturers who failed to issue warranties for consumer products; the fifty states passed consumer lemon laws which afforded consumers powerful remedies and rights.
California and Vermont represent two distinct extremes on how disputes are resolved under the lemon laws. Vermont consumer disputes are resolved a dispute resolution structure operated by the state only. California has lemon...
Business Plan for a Financial Divorce Software Business Plan Divorce Software Business Plan relating to the Sales of a new Financial Divorce Software. Business Plan relating to the Sales of a new Financial Divorce Software F F1 F2 F3 G1 G1(a) G1(b) G1(c) Business Identification Keys to Success Company Summary Industry History Legal Form of Ownership Location and Facilities Management Structure Products and Service Market Analysis Target Market Industry Analysis Competitive Analysis Market Strategy Ps of Marketing Price List Selling Strategy Sales Forecast Implementation Strategy Overall Strategy Implementation Control Plan Financial Statements and Projections Revenue and Cost Estimate Forecasted Profit and Loss Statement Forecasted Balance Sheet Financial
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
Law and Ethics in the Business Environment RIGHT FROM WRONG Business Ethics and the Law Business law fixes the minimum standards of behavior for businesses (Bramble, 2013). Enforcing these laws generally consists of fines involved in the exercise of trade and commerce. Criminal accountabilities must be proven in the appropriate court of law through evidence. Even when found culpable, a business can only be fined as a penalty. But business ethics exceeds simple
Business as an Ethical Calling: My Personal Philosophy The last several decades have seen American enterprises beset by a number of ethical scandals, spanning from the accounting fraud of Enron and WorldCom to that of the recent subprime housing debacle and credit crisis of 2008. As a result, there has been a call to integrate ethics into the business studies curriculum and to try to temper the cutthroat atmosphere amongst ambitious
Business Law Ethics Ethical Challenges Facts: The case involving Luke is showing the ethical challenges he is facing with the construction of an adult entertainment center inside his community. This is because he is aware of their plans prior to the public announcement and believes that property values will decline. At the same time, he has close personal relationship with his brother Owen. He has received an offer to sell his property
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
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