Business Ethics - Masters Business Administration Essay - Drawing relevant literature, critically evaluate a position debates firms responsibility maximising shareholder returns. Discuss implications chosen position a manager concerned impact company environment.
Business ethics
Throughout the past recent decades, the means in which the economic agents conduct their business operations have suffered some notable changes, in the meaning that less apparent emphasis comes to be placed on profits, and more on generating socio-economic benefits. The companies as such seek to create pleasant and stimulating working environments for their staff members, to create high quality and innovative products and services for their customers and to support the development of the communities in which they operate.
In other words, while the ultimate purpose of the firms remains that of registering profits, they seek to attain this objective by maintaining positive relationships with their various stakeholder categories, and also creating benefits for the employees, customers, the public…...
mlaReferences:
Cramer, J. Bergmans, F. (2003) Learning about corporate social responsibility: the Dutch experience. IOS Press. ISBN 4274906132
Ferrell, O.C., Fraedrich, J. Ferrell, L. (2010). Business ethics: ethical decision making and cases. Cengage Learning. ISBN 1439042233
Garrett, J. (2012). Benefits of corporate social responsibility. Facilities Management Advisors LLC. / accessed on January 30, 2013http://facilitiesmanagementadvisors.com/2012/03/10/benefits-of-corporate-social-responsibility
Ocampo, J.A., Stiglitz, J.E. (2008) Capital market liberalization and development. Oxford University Press. ISBN 0199230587
Penn is handled through the Wharton School, which also administers the graduate MBA program. Students take an intensive course load of business fundamentals, as well as credits devoted to traditional liberal arts degrees. That course load is indicative of the standard four- ear degree which is standard for other academic disciplines. That said the emphasis for the undergraduate business major is clearl designed to provide students with an education that is valuable to emploers from da one.
"Driven b the recession and one of the largest incoming freshman classes in the nation's histor, the business major is experiencing a surge in popularit among students" (Damast. a. September 24, 2009). Yet, the increased popularit of the business administration major underscores the long-term trend of the business degree.
Business has alwas been a popular major among undergraduates. In academic
ear 2006-07, the largest number of bachelor's degrees conferred was in business (21%), followed b…...
mlayear 2006-07, the largest number of bachelor's degrees conferred was in business (21%), followed by social sciences and history (11%), education (7%), and health sciences (7%), according to the most recent figures available from the Education Dept.'s National Center for Education Statistics. (Damast. a. September 24, 2009).
The business administration student upon graduation can expect an extremely competitive salary. "According to a July report from the National Association of Colleges and Employers, the average starting salary for 2009 college graduates with bachelor's degrees in business increased less than 1%, to $47,239" (Damast. a. September 24, 2009). As the recession's lingering effects recede and economic growth returns, the job market for business school graduates should be one of the faster growing hiring segments. "The undergraduate business degree is now clearly on the path to respectability" (Bloomberg-Businessweek. May 8, 2006).
In discussing the business administration major it would be remiss not to mention the
In addition to saving time and money, analytical skills are also vital in interpersonal relationships, which has become an important part of Business Administration. The analyst is no longer required to only address issues of economics and science; instead, the interpersonal component of management has become an inextricable part of leadership.
When interpersonal problems among employees for example need to be solved, analytical skills can be applied to help find a quick and amiable solution.
In more concrete terms, my current major is Economics. I believe that my knowledge of this direction will compliment the Management Science direction in a mutually beneficial way. In other words, when completing my studies in Management Science, I believe that my combination of talent, skills and knowledge will equip me to enter the business and management world at the highest levels, with a holistic approach to profitability and…...
Bachelor's of Business Administration with a special concentration in legal studies opens up a plethora of career opportunities with possible advancement into the field of law. According to the Glossary of Bachelor's Degree Programs on the Education Portal, "A BBA in Legal Studies prepares a student to work in various law sectors" including "public welfare, insurance, social services, human resources, real estate, taxes, banking, human rights, finance, business, and many others." The reasons for pursuing this degree are extensive. A high level of job security, relatively high starting and peak earnings salary, and tremendous amount of job flexibility and variety rank among the top reasons for pursuing a Bachelor's of Business Administration with a special concentration in legal studies. Because the degree can become a precursor to law school and a career as a lawyer, future career options are not only lucrative but also personally rewarding.
A lawyer has the…...
mlaWorks Cited
Boyer, Allison. "Top 10 Reasons to Become a Lawyer." eHow. Retrieved online: http://www.ehow.com/list_6511480_top-10-reasons-become-lawyer.html
Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2010-11 Edition, Lawyers, on the Internet at (visited April 09, 2011).http://www.bls.gov/oco/ocos053.htm
"Business Law." Retrieved online: http://www.hg.org/corp.html
Drexel University. "Bachelor of Science in Business Administration - Legal Studies." Retrieved online: http://www.hotcoursesusa.com/us/bachelor-of-science-in-business-administration-legal-studies-at-drexel-university-570388-usa.html
Dear Sir/Ma’am,I am highly interested in pursuing the Master of Business Administration course offered by your esteemed institution and, therefore, writing to secure enrollment for it. Earning this degree from Maastricht University, counted among the most esteemed, prominent, and elitist institutions worldwide, will be able to effectively help me achieve knowledge enrichment and progress on the career front, thus, developing requisite skills among other people and reinforcing my own leadership principles. In my opinion, this program can propel me towards accomplishing my management and business goals. I have thoroughly reviewed this course’s outline and discovered a sound correspondence between the content and my personal technology and business interests.I graduated with a Bachelor’s of Science degree in the area of industrial management in the year 2011. Industrial engineering’s inclusive nature has ensured I was exposed to a vast range of disciplines right from technology to business. The study of specialized courses…...
Masters in information technology may sound like one field that is not directly connected with Business administration but my decision to pursue this degree comes from the knowledge that these two fields are indeed intricately connected. We cannot ignore the fact that information technology is the most rapidly expanding field and one whose importance cannot be overlooked. Any business that hopes to survive today must understand the role of IT in the business world today or they can easily perish.
My undergraduate degree in Business administration has prepared me for the management side of business, Masters in information technology would help me expand my knowledge and make it more multi-dimensional which is critical for success in business world today. It is no longer ideal to stay focused on only one area of business operations, and therefore I would like to pursue a degree in a field that's closely connected with business…...
Narrative to Accompany the Award of Legion of Merit
MSG TAMIKA L. WYNN
Master Sergeant Tamika L. Wynn is a shining example in the military. Born on 25 June 1975 in Columbus, her military career began 18 November 1993 when Master Sergeant Tamika L. Wynn entered the army and underwent Basic Training at Fort Jackson, SC. For her it seemed like the right choice, an easy choice. She wanted to serve the country that she loves. So she began her journey that day and later attended Advance Individual Training at Fort Lee, VA becoming a 92A Material Storage and Handling Specialist. Just two years later, in 1995, she graduated from the Warrior Leader Course. Her path continued on an upward trajectory and in 199 she took on the Advanced Leaders Course, graduating from it and the Senior Leader Course in 2005 in Fort Lee, VA.
She was not just driven when she successfully…...
Business Ethics
Changes in U.S. Business Ethics Practices
Changes in U.S. Business Ethics Practices Since Sep 11, 2001
The incident of 9/11 made the world pass though many sad and undesirable changes. One of such changes is declining rate of ethical considerations in U.S. based commercial organization. The subject is important to explore as it is likely to affect the image of U.S. business organizations. Furthermore, it is also expected that U.S. literature upon management and business administration may fail to appeal the world as the practices are not aligned with it.
The paper explains the changes in lieu of unfortunate incident of 9/11 in USA and casts light upon the implication of ethical consideration presently enforced in U.S. based organizations.
Changes in U.S. Business Ethics Practices Since Sep 11, 2001
The incident of 9/11 was an unfortunate event for many nations of the worlds including Americans. The incident changed the political situation of the whole…...
mlaReferences
Angle, C. (2008). Defining Ethics Good & Evil. New York: Philosophy Publishing.
Bacher, C. (2007). Corporate Social Responsibility. Germany: GRIN Verlag.
Bergen, P. (2011). The Longest War America and Al-Qaeda since 9/11. New York: Free Press.
Carroll, A. And Buchholtz, A. (2011). Business & Society. USA: Cengage Learning.
Master's Public Administration
My interest in nonprofit administration is has sprung from my extensive experience in the field, and my conviction that fund management can be one of the most important aspects of successfully managing a nonprofit organization. In the past ten years, I have played an important role in assuring the fiscal health of a number of important nonprofit organizations. Attending graduate school in Master in Public Affairs, with a specialization in Nonprofit Administration, would greatly enhance my work experience and allow me to develop a new level of professionalism and competence in the field of nonprofit fund management.
One of the most important challenges in nonprofit administrations is fund management. A nonprofit organization is in an important and unique position of trust, as it often manages large amounts of money that are earmarked for specific charities. As such, all financial dealings within a nonprofit organization must be dealt with in…...
This means that you must continually monitor and communicate about possible changes, pertaining to the overall scope of the threat. Once this occurs, is when an entity will have an effective security procedure that will adapt to the various changes that are taking place.
This is significant, because this information can be used to corroborate the overall nature of security threats that could be faced by the SME. Where, this information is useful in helping to identify and address possible operational considerations that must be taken into account. As a result, this will help to provide not only a glimpse of possible security challenges that will be faced, but it will also help to establish an effective IT security protocol.
When you compare this with the previous source, this information can be used to highlight specific security threats that the company we are examining could face. Where, it discusses the possibility…...
mlaReferences
E Commerce Growth. (2010). Strategic E-Commerce Solutions. Retrieved from: http://www.sescommerce.com/ecommerce-growth.asp
Internet Usage Statistics. (2010). Internet World Stats. Retrieved from: http://www.internetworldstats.com/stats.htm
PEW Wireless Internet Usage Rising. (2010). Wireless Week. Retrieved from: http://www.wirelessweek.com/News/2010/07/PEW-Wireless-Internet-Use-Rising-Mobile-Content/
Reflective Writing. (2010). UNSW. Retrieved from http://www.lc.unsw.edu.au/onlib/pdf/reflective.pdf
Another factor that must be taken into consideration is represented by the business etiquette in China. Business etiquette in this country is significantly different than that of Western countries, but it is similar to other Asian countries. The analysis of business etiquette is based on the cultural dimensions that characterize the Chinese population. Same as in the case of other Asian cultures, China has a high long-term orientation, which means that the country's population has a strong attitude on persevering. Also, there is a high level of power and wealth inequality within the society. The Chinese culture is a collectivist one, and businessmen should refer to this fact in their meetings with Chinese partners (International Business Center, 2008).
The differences between the business etiquette in China and those in other countries refer to aspects like the appearance and clothing style, the behavior at meeting, offering and receiving gifts, and communications. The…...
mlaReference list:
1. Import Export Flow Chart (2008). HKTDC. Retrieved August 10, 2011 from http://www.hktdc.com/info/mi/a/bgcn/en/1X002LZA/1/Guide-to-Doing-Business-in-China/2-1-Import-Export-Flow-Chart.htm .
2. China (2008). International Business Center. Retrieved August 10, 2011 from http://www.cyborlink.com/besite/china.htm .
Business Environment in Taiwan
Taiwan is an island situated approximately 180 kilometers (Eastern Asia) away from southeastern coast of mainland China. Having a geographical area of 35,883 Km2, Taiwan is officially part of the Peoples epublic of China (PC) although there is much tension between Taiwan and China regarding statehood of Taiwan. The U.S. however does not acknowledge Taiwan as a separate state. Taiwan has a population of 23 million (consisting three main ethnic groups i.e. Taiwanese, Mainland Chinese, and indigenous people) and Taipei is the capital city of Taiwan. Of late, relations between Taipei and Beijing have been cordial. Taiwan follows a civil law system and has a multiparty democracy as governance system (Department of Investment Services, 2013). Being a thriving economy based on hi-tech industrial base and trade relations with most of the developed world, the country is deemed an important destination by multinational corporations (MNCs) for the purpose…...
mlaReferences
Chow, G., & Lin, A.L. (2002). Accounting for economic growth in Taiwan and Mainland China: a comparative analysis. Journal of Comparative Economics,30(3), 507-530.
Council for Economic Planning and Development & MOTC. (2013). Taiwan lowers Threshold for establishment of international airlines. CEPD. Retrieved from: http://www.cepd.gov.tw/encontent/m1.aspx?sNo=0019595
Council for Economic Planning and Development. (2013). Removal of items from negative list increase choices for foreign investors. CEPD. Retrieved from: http://www.cepd.gov.tw/encontent/m1.aspx?sNo=0019594
Department of Investment Services. (2013). Invest in Taiwan: Stable Politics, Emphasis on Democracy, Laws, and Freedom. Ministry of Economic Affairs Taiwan. Retrieved from: http://investtaiwan.org/matter/show_eng.jsp?ID=412
Business Tools
It is not known what the most prudent decisions she can make about her responsibilities to herself and others are. The reason is that "she" is not defined. This is a personal pronoun indicating a female, yet no female has been introduced in the narrative. So it is unknown to which person the pronoun "she" refers. Is it the organization's principle?
Well, again, this is a question that refers back to the first question. The first question cannot be answered because the protagonist of that question is never identified. We need to know that before we can understand what the responsibilities she might have are, which in turn would allow us to answer about the implications of those responsibilities.
Chapter 6. An exploratory study is one on a topic that is ill-defined whereas a formal study should have a clearly-defined topic. Experimental designs are ones that test a relationship; ex post…...
mlaReferences
No author. (2014). Basics of survey and question design. HowTo.gov. Retrieved March 24, 2014 from http://www.howto.gov/customer-experience/collecting-feedback/basics-of-survey-and-question-design
Business Acumen
here are many different things that I have done in my career that relate to business acumen. One of these came fairly recently, in July of 2004, when I was asked to plan and execute a dedication ceremony that involved the opening of a Veterans Conference Room in Washington, DC. he auditorium at the VA Headquarters was renovated for this purpose. I was given three months to pull this together and create a program and ceremony that was worthy of this event. In addition to planning this ceremony, the day-to-day activities of myself and my staff had to go on, and there were other notable events that were going on at the same time, such as awards ceremonies, the observance of Veteran's Day, and VA holiday activities. hese were all coordinated and planned during the same time that I was working to create the ceremony for the conference room.
When…...
mlaThe goal for the ceremony was to be able to accommodate 300 guests. Invitations through various forms were sent out to 2000 total guests who were all stakeholders of the event and the guest of honor. Five areas of the guest of honor's life were also focused on by the video team, including his work in the business community, his military service, his White House service, his work with the Montgomery GI Bill, and the impact that he had on making the VA a cabinet level agency.
In order to foster good relations with the guest of honor, I personally flew to Jackson, Mississippi and met with him and his associates. The project was discussed at that time and the goals and possible needs were also addressed so that everyone involved with the project was prepared for what was going to happen and was ready for any issues that might come up. The meeting was very successful, and also fostered a relationship with Mississippi State University (MSU) which allowed them to provide me with some virtually priceless documents that were displayed by the department at the ceremony and which will also remain in display cases in the conference room forever.
I held team meetings three times per week, conducted visits to the site, and had walk-throughs with my team, as well as the Chief of Staff and others that were involved in the ceremony. The event was planned and executed successfully, and their were over 350 guests that attended the ceremony. This was a significant event for the guest of honor, for myself, and for all that were involved in the planning and the ceremony itself. The guest of honor was extremely pleased with the event, and favorable comments are still being received by my staff and myself. Because I was able to raise the bar and gain strong support for this event, the impact of these efforts ensured that the VA and a grateful nation paid respect for the seemingly tireless efforts of a soldier, citizen, patriot, congressman, and public servant.
Removing losses from the company's books made the main corporation look more attractive. Enron appeared to be operating at a profit; a key factor in the valuation of any company's stock. By virtue of this "success," Enron was able to raise even more money for more investments.
The architects of all this "growth" profited accordingly. Ken Lay and his associates held large amounts of exceedingly valuable and overvalued stock. hen Enron's cheating was finally exposed, it became painfully apparent to what extent Ken Lay, Jeff Skilling, and other Enron executives had been making vast sums of money on the backs of gullible workforce, and a gullible public:
The "Enron Nine" (if we may call them that) are J.P. Morgan Chase, Citigroup, Credit Suisse First Boston, Canadian Imperial Bank of Commerce, Bank of America, Merrill Lynch, Barclays, Deutsche Bank and Lehman Brothers. These financial institutions collaborated with the now-bankrupt energy company in…...
mlaWorks Cited
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