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Business ethics chapter 1
Case study of ethical issues in the workplace
Case study of ethical issues in the workplace
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XYZ Construction Inc. is headquartered in Denver, Colorado; the company has 16 field offices spread throughout 11 States. There are 2,300 year round employees with a surge of 4,500 employees during the peak construction periods. XYZ Construction Inc. began in the late 1950’s as a privately owned family business. Recently, the family would like to move the company into the public sector within a 12 month period. XYZ Construction, Inc. performs horizontal construction with specialties in: Roads Bridges Airfields (Klinger, 2012).
Currently, XYZ Construction Inc. receives a majority of their contracts from the state government. The purpose of this essay is to analyze and discuss ethical and social issues, along with cultural diversity when expanding
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Drucker (2009), mentions that “business ethics” very origin is political rather than in ethics (p. 23). “It expresses a belief that the responsibility which business and the business executive have, precisely because they have social impact, must determine ethics-and this is a political rather than an ethical imperative” (Drucker, p.23). Lastly, we can mention the unethical practices like bribery, hiring minors or taking advantage of the less fortunate. Corruption is prominent in the Asian market due to a lot of family-owned business groups. Corruption is generally defined as ‘behavior which deviates from the formal duties of a public role because private-regarding (private clique, or personal close family) pecuniary or status gains; or violates rules against the exercise of certain types of private- regarding influence’ (Nye 1967, p. 419). (Rama, 2011 p.505) (Nye, 1967, p. 419; Rama, 2011, p. 505). These family group organizations could influence the government decisions and the economy by not allowing or delaying approval of a contract or business license. Good …show more content…
must understand the social issues that may have a negative impact on their company. They have a social responsibility regardless of the country that they are in. According to our textbook, Executive Concepts in Business Strategy (2011), “Social responsibility is the obligation an organization (profit-seeking or nonprofit) has to be ethical, responsible, and responsive to the needs of the members in the organization as well as the larger society.” (p. 545) Remember that your period goes after the in-text citation. To support this, Friedman’s doctrine (1970) bout “social responsibilities of business” is that “A corporation is an artificial person and in this sense may have artificial responsibilities, but “business” as a whole cannot be said to have responsibilities, even in this vague sense….the social responsibility of business is to ask precisely what it implies for whom.” (p. 2). All direct quotes >40 words need to be placed in a block quotation. XYZ should have a positive impact on the country by using environmentally safe materials along with not violating any laws by applying for permits and licenses in a timely
Sandro A. Carrasco is a Pratt alumnus. He graduated in 2012, with a Bachelors of Architecture degree. He is currently the associate project manager for Jones Lang LaSalle (JLL), at their Madison Avenue, New York, New York office. I am inspired by the many positions Sandro held, during his tenure at Turner Construction Company. A company, I intend to work for upon graduation. Therefore, I wanted to learn about the transition process. I was also curious to learn more about Sandro and his experiences. Therefore, this desire to establish a mentorship with Sandro motivated my decision to interview him; for the betterment of my career, in the future.
Lincoln is an accounting manager at a manufacturing company, Octavia is the financial supervisor and Finn is the finance director. Lincoln and Octavia report back to Finn on the day-to-day financial activities of the company. One day at work, you overhear Octavia saying she has not been revealing some important information to the external auditors. Information you know is about the recent purchase of a large piece of machinery becoming useless and has little value if resold. Lincoln does not know whether to believe what he has overheard. In addition, Lincoln has also heard from another source that there was a bribe paid to an oversea company to secure a sales contract. He feels uneasy abut the situations, and is left in a
Our Vision is to become one of the preferred choices of players in the construction industry
Social responsibility can be defined as “the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large” (Mallen Baker, 2004). In addition, social responsibility has been defined differently by various corporate leaders that provide guidelines which impacts how one manages the core business. Social responsibility is an essential part of a business. If managed correctly should strengthen the competitive spirit of the company and provide prosperity to society.
According to McGonigle and Matrian (2014), ethical decision making is a systematic process that refers to making informed choices pertaining to ethical dilemmas using a set of established standards to differentiate right from wrong. Ethical dilemmas tend to occur when moral issues, that is society’s opinion of what is right and wrong, raises questions that cannot be answered using clearly defined rules, facts, or authoritative views (McGonigle & Matrian, 2014, p. 71). Fortunately, ethical decision making frameworks can be used as a guide to assist clinicians to reach a rational and justifiable decision (McGonigle & Matrian, 2014). In the case study presented, the Ethical Model for Ethical Decision Making will be applied to analyze an ethical dilemma and to synthesize information obtained using problem-solving, critical-thinking, and decision-making skills in order to reach a justifiable decision (McGonigle 2000; McGonigle & Matrian, 2014).
Every business has a social responsibility toward society. That means to maximize positive affects and minimize negative affects on the society. Social responsibilities includes economic-to produce goods and services, that society needs at the price, that satisfy both-business and consumers, legal responsibility-laws that business must obey, ethical responsibilities-behaviors and activities that are expected of business by society, but are not codified in the law, philanthropic responsibilities-represent the company’s desire to give back to society (charietys, volunteering, sponsoring).
Many ethical dilemmas are philosophical in nature, an ethical issue can be described as a problem with no clear resolution. In order to solve the issue or dilemma a consensus between the parties involved must be reached. There are several reasons to come to an agreement over an ethical dilemma, it is the basis for all aspects of personal and professional dealings. Each one of us is part of a civilized society and as such it is our responsibility to be rational, honest and loyal in our dealings with others. (Alakavuklar, 2012) states that individuals make decisions for different situations in business life involving various ethical dilemmas. Each time either consciously or unconsciously individuals may follow some ethical approaches
Globalization Phase, companies were known locally, regionally and internationally, their products were already improved offering innovative services. However, as The Economist (2007) has highlighted, while more global the companies are more aware of corporate social responsibility they need to be, namely, foreign stakeholders will expect, not only innovative and effective products, but also they will open their doors and invest their money to companies that are social responsible.
An organization’s Corporate Social Responsibility (CSR) drives them to look out for the different interests of society. Most business corporations undertake responsibility for the impact of their organizational pursuits and various activities on their customers, employees, shareholders, communities and the environment. With the high volume of general competition between different companies and organizations in varied fields, CSR has become a morally imperative commitment, more than one enforced by the law. Most organizations in the modern world willingly try to improve the general well-being of not only their employees, but also their families and the society as a whole.
To succeed against the competition, the UK construction industry must deliver quality products and services at acceptable costs as a matter of course. But increasingly its stakeholders all those it does business with or who are affected by its operations expect more from the industry in terms of how it operates and its overall impact on society.
Comparison of business ethical traditions in different countries. Also on the basis of their respective GDP and [Corruption rankings].
Ethical principles are the base of any case study and being able to up hold ones ethical standards is an important part of conducting a case study as well. In the first case, in which the study of the relationship between management and their employees and in the third case where the study of the relationships among a group of around 200 people in a complex, the ethical principles will be discussed. Also to be discussed will be the strategies suggest by the experts to ensure the ethical standards of the research, if those strategies were successful, if there are any alternate techniques that may have accomplished the same or better results in the studies and which of these two cases presents a more successful usage of research ethics. The ethical standards and principles and how they are followed are key to the success of a case study, in the first case what ethical issues did they encounter.
Their dedication to their mission statement and also due to the loyalty of the local community has given way to recent construction projects, such as a $66 million dollar expansion and renovation, new construction of a new emergency department and a new outpatient surgery center. These new ve...
Corporations that place an importance on corporate social responsibility usually have an easier experience when dealing with politicians and government regulators. In compare, businesses that present an irresponsible disregard for social responsibility tend to find themselves fending off various reviews and probes, often brought on at the assertion of public service organizations. The more positive the public insight is that a corporation takes social responsibility seriously; the less likely it is that innovative groups will launch public campaigns and claim government inquiries against it.
Infrastructure Management and Construction deals with project management, construction materials, construction engineering and building engineering.