ETHICS plays an important role in many areas of our business world. Take direct selling, for instance. How can you tell the difference between a legitimate business and a disguised pyramid scheme? To answer this question, we need to back up and look at what "ethics" are all about and, why they are important. Then we will look at the legitimacy of the two direct selling methods.
What are ethics? Here is the most recent textbook definition from a college MBA (Masters in Business Administration) updated required reading selection, "Ethics are the moral principles that govern the actions and decision of an individual or group," Marketing 7th Edition (Kerin, 2003, 100). In other words, to choose a course of action in moral situations, we use ethics, our cornerstones or guidelines to follow.
Why are ethics important in the business arena? Because every person is a part of the whole and similar to an apple, when one person or portion of the fruit turns bad, the rest is affected. Or in the words of John Donne (1572-1631), "No man is an island, entire of itself; every man is a piece of the continent, a part of the main..." And business is no exception. Every one in the business arena affects everyone else. If a company steals from one person or group, their actions affect many. And people who aid in this immoral schematic, help steal from the whole society. Thus good ethics is good business.
About 80% of businesses establish a code of ethics, a formal statement of business principles and rules of conduct, according to Marketing 7th Edition. Usually this code covers issues like bookkeeping, professional conduct, objectives, general standards and government factors. For example Rule 202 of the Compliance with Standards section in the Code of Professional Conduct for the American Institute of Certified Public Accountants states:
member who performs auditing, review, compilation, management consulting, tax, or other professional services shall comply with standards promulgated by bodies designated by Council. (et202.htm).
An example of...
Media's Role in the BTK Killer Case There have been several serial murder cases which feature killers who play with the attention of the public through their manipulation of the media for various reasons. However, with the actual publication of messages supposedly from mass murderers, the ethical role of the media is put to the test. Many believe that publishing these messages increases the chances of catching the murderer in
Ethics of Human Cloning Genetic engineering and cloning have played important roles in agriculture for many generations. Bananas and seedless grapes, for example, are, quite literally, living genetic clones (Krock, 2001). Prior to the last decade of the 20th Century, human cloning was purely a subject of science fiction, but by the dawn of the 21st Century, researchers had already cloned several mammals successfully. In 1978, medical science had progressed to the
Companies practically make it mandatory for these people to employ a "nicer than natural" attitude and thus influence them to feel estranged from their emotions. Even with the fact that flight attendants manage to avoid being stressed as a result of their coping mechanism, their thinking can turn in an occupational hazard. Employing such attitudes can lead to serious problems as flight attendants feel detached from their jobs and
Business ethics are important in conducting business transactions. There are several reasons for this. First, a firm that behaves ethically in conducting its business transactions reduces the cost of business transactions. For example, in conducting a business transaction, there is always a gap between order entry by the customers and shipping of the products by the company and payment made by the customers. The gaps between these different stages of
Collaboration between HR and operational departments is essential to establish the right criteria for knowledge, skills, and abilities, previous performance, and other desirable objective traits in successful candidates. Collaboration between HR and operational managers must include the final candidate selection process. Managers are hiring according to apparent nationality and cultural biases. Slide #6 Legal Considerations The consequences of accusations or claims of discrimination could be damaging to the organization both financially and in terms of
relational research question; directional hypothesis) and why you are using that type. This research study is an inquiry into the role of gender in marital conflict. The purpose of the study is not to assess the nature of the role of gender in marital conflict, for it is not presumed that such a role exists. Rather, the answer we seek is a Boolean one; we will accept the null hypothesis
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