Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
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Describe a leader (and situation) who has put their ethical position above their organization’s success (did something ethically correct, regardless of the consequences).
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- Corporate social Responsibility is an organization's obligation to minimize positive stakeholders benefits while minimizing the negative effect to action. Using any organization of your choice evaluate social corporate responsibility of the organization to respect to staff development, equal opportunity statements, written antidiscrimination policies, commitment to reporting on CSR, policies to restrict the use of child labor suppliers, policies on fair trade, and commitment to protect local community.arrow_forwardEthical leadership is crucial for establishing trust, integrity, and accountability within organizations. Managers are responsible for setting the tone for ethical behavior by modeling ethical conduct, upholding organizational values, and making decisions that consider the well-being of all stakeholders. Ethical leaders prioritize fairness, honesty, and transparency in their interactions with employees, customers, and the wider community. They also establish ethical guidelines and policies, provide guidance on ethical dilemmas, and create a culture where ethical considerations are embedded into decision-making processes. Question: How can managers cultivate a culture of ethical leadership within their organizations, and what are some potential challenges they may face in maintaining ethical standards in today's complex business landscape?arrow_forwardAn ethical code serves as a compass guiding individuals or organizations in their actions, ensuring they align with moral principles and values. It delineates the standards of conduct expected, emphasizing honesty, integrity, fairness, and respect for others. This code acts as a foundation for decision-making, fostering trust, accountability, and transparency within diverse contexts such as business, medicine, or academia. By adhering to an ethical code, individuals and institutions not only uphold their own reputation but also contribute to the collective welfare, promoting a harmonious and just society Question How does adherence to an ethical code contribute to fostering trust within an organization?arrow_forward
- You are opening your own small business and want to establish a culture of ethical behavior. What are some procedures you should implement to support an ethics culture?arrow_forwardIt is impossible for multiple ethical climates to exist within one organization. True Falsearrow_forwardSuggest some ethical guidelines that could be established by the top management of a healthcare organization to help managers handle ethical dilemmas.arrow_forward
- Ethical relativism equates to sometimes conflicting sets of ethical standards. True or false, explain your anarrow_forwardWhich of the following is not included in the cause of unethical behavior? Group of choices: 1-Our own ethical code 2-leaders have a critical role 3-When the parent business 4-Societal Culturearrow_forwardExplain whether a company has an ethical responsibility to its employees?arrow_forward
- Describe the importance and rationale for maintaining an ethical culture within the entire organization. Think about methods that you can use to motivate employees and employers toward ethical business practices.arrow_forwardi) What is the best source for ethical business practices: The individual employee, or the business organization itself? ii) To what extent should individual employees be allowed to lend input in the creation of a code of ethics for a business organization? iii) In the event that an individual employee's ethical standards differ from his/her employer's code of ethics, what can/should be done to resolve those differences?arrow_forwardMoral rationalism is an ethical theory, advocated by a German philosopher, Immanuel Kant.arrow_forward
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