Finger Hut Strategy Essay - 1410 Words

â€Å"Business ethics is the application of ethical values to business behavior. It applies to any and all aspects of business conduct, from boardroom strategies and how companies treat their employees and suppliers to sales techniques and accounting practices. Ethics goes beyond the legal requirements for a company and is, therefore, about discretionary decisions and behavior guided by values. Business ethics is relevant both to the conduct of individuals and to the conduct of the organization as a whole.† With this statement can we say that Fingerhut’s price strategy is unethical? In order to answer this question we need to digest certain issues of â€Å"Fingerhut’s Price Strategy† case with the point of views of Roger Crisp â€Å"autonomy and creation†¦show more content†¦Roger Crisp would raise the issues that the marketing techniques of Fingerhut cause their customers to act automatonously. Crisp would affirm his idea with the fact that the specialized mail catalog created desires that forced (instead of made them want) its customers to buy their goods. The idea of making their payments easy, low and displaying them instead of the real end price, Crisp would see as deceiving. Crisp would say that by Fingerhut relating the real price of the goods to low payments in a way is like brainwashing their customers to believe that the item is actually cheaper when in reality their goods were up 100% more expensive then their competitors. The fact that their customers were in the bottom of the wealth pyramid, it could be seen that they were not well educated and probably could not really see the price differences in the goods they were buying and the price that they should, in a fair market, be paying. So with Fingerhut marketing techniques and motives, Crisp would affirm that the low-income consumers were being exploited and therefore Fingerhut was conducting its business unethically. Milton Friedman would not agree with Roger Crisp that Fingerhut exploited their low-income customers. Friedman would look at the â€Å"Fingerhut’s Price Strategy† case in different point of view; he would say that Fingerhut was acting ethically because they were conducting business in aShow MoreRelatedMarketing Strategy Of Yum Company Essay1440 Words   |  6 Pagesservice in China and is unparalleled in terms of market share against any fast food business in China. Currently YUM! Brand has over 3,000 KFC stores in 650 cities and nearly 500 pizza huts in 120 cities. This phenomenal rate of expansion in China alone is the result of a mixture of Pricing and Marketing strategies specifically designed for the China market. Starting from 1987, the first KFC store was hugely attractive to Chinese citizens. It mainly targeted consumers who are willing to spend moreRead MoreCompany Background Of Kentucky Fried Chicken1283 Words   |  6 Pagesï  ¶ COMPANY BACKGROUND: Kentucky Fried Chicken is a fast food restaurant chain that specialises in fried chicken. The company is a subsidiary of Yum Brands, which is a restaurant company that also owns the Pizza Hut. It is considered to be world’s second restaurant chain with approximately 19000 outlets in 118 countries. ï  ¶ SEGMENTATION, TARGETING AND POSITIONING: †¢ SEGMENTATION: GEOGRAPHIC City: Metro, tier I and Tier II cities DEMOGRAPHIC Age: 15 to 45 Gender: Male Female Income: Middle andRead MoreKFC1335 Words   |  6 Pagesacquired Heublein in 1982. R.J. took a more laid back approach and allowed business as usual at KFC. Finally, in 1986, KFC was acquired by PepsiCo, which was trying to grow its quick serve restaurant segment. PepsiCo presently runs Taco Bell, Pizza Hut, and KFC. The PepsiCo management style and corporate culture was significantly different from that of KFC. PepsiCo has a consumer product orientation. PepsiCo found that the marketing of fast food was very similar to the marketing of its soft drinksRead MoreMarketing Mix of Kfc1570 Words   |  7 Pagesclass combination of product and quality Price Pricing Strategy ‡ Market skimming: KFC globally enters the market using market skimming. Their products are priced high and target the middle to upper class people. Gradually they trickle down the prices focusing on the middle to lower class people to penetrate both sides of the market. Price Competition ‡ We can compare the price of their products with McDonald, Dominoes and Pizza Hut. If the competitor provides the same product at a lower priceRead MoreMarketing Assignment on Transcom Food Beverages Ltd.2616 Words   |  11 Pagesstarted its journey in 1885 through tea plantations. This diversified business house now has interests in many segments in the industrial and service sectors in Bangladesh. Some of the brands managed by the group include: Pepsi, 7-Up, Mirinda, KFC, Pizza Hut, Phillips N.V, Whirlpool, Maybeline, Garnier, Heinz, Frito-Lay, Lindt, Servier, Novo-Nordisk. Other aspects of the business include: Pharmaceuticals (Eskayef Bangladesh Ltd. www.skfbd.com) Newspapers (Prothom Alo www.prothom-alo.com The Daily StarRead MoreKfc Marketing Mix in India1404 Words   |  6 Pagesquality conscious class combination of product and quality Pricing Strategy Market skimming: KFC globally entersthe market using market skimming. Their products are priced high and target themiddle to upper class people. Graduallythey trickle down the prices focusing onthe middle to lower class people topenetrate both sides of the market Competition We can compare the price of their products with McDonald, Dominoesand Pizza Hut. If the competitor provides the same product at a lower price thenRead MoreKfc Case Study1509 Words   |  7 PagesKFC- Finger-lickin good Kentucky Fried Chicken Kentucky Fried Chicken is one of the well-known fast food restaurants in the world. The industry was founded by Colonel Sanders. The corporation is based in Louisville, Kentucky and now regarded as the most famous chicken restaurant chain. It can be noted that each day, nearly eight million customers avails the products and foods offered by this fast food chain.   KFC has more than 11, 000 branches in more than 80 nations and territories all overRead MoreI Am Lost : The Boat2110 Words   |  9 Pagesdragging my sopping wet feet through the deep sand. I reach the treeline and look around, before heading into the trees. In the trees I see things that aren’t normal, large claw marks on a tree that are longer than my arm and wider than two of my fingers. Shivers race up and down my spine as I turn and head deeper into the forest, ignoring my gut, which is screaming for me to turn around and run back to the boat. â€Å"What good would it do to go back to the boat, you can’t reach the bottom rung of theRead MoreStarbucks s Pizza Enterprises Limited ( Dmp ) : Study Of Strategic Management Practices1655 Words   |  7 Pagescompetition makes businesses to have an edge over other players in its field as well as protect itself from competitive practices of players outside its core business domain. To maintain that edge, organisations have to constantly lookout for different strategies that will position them well in the market they are operating and give them a strong advantage over their competitors. It is also a well-known fact that internet has revolutionised the way businesses operate. The greatest inventions affecting theRead MoreKfc Marketing Strategy in Mauritius2103 Words   |  9 Pagesoutlets around the island, KFC outlets have become today the preferred eating spots of Mauritians, living and amusement spots for families and young people particularly. KFC Mission KFC Vision Read more: http://www.ukessays.com/essays/business/strategies-for-the-mauritius-fast-food-market-business-essay.php#ixzz2QWwSUPMF It is the beginning of a new era that the fast food industry has gradually breakthrough the Mauritius lifestyle. Due to the globalisation process, many fast food franchises are

The Gay Marriage Should Be Legal - 947 Words

Defending Gay Marriage During the last few years, homosexuality has become an important issue for debate. Moreover, homosexuals have taken their case further by claiming their right to marry. Same-sex marriage, usually known as â€Å"gay marriage†, is the marriage between two people from the same biological sex (Doskow1). Since 2000, eleven countries have approved the legalization of gay marriage worldwide: Netherlands, Belgium, Spain, Canada, South Africa, Norway, Sweden, Portugal, Iceland, Argentina, and Denmark. Three others have regional or court-directed provisions approving the â€Å"marriage equality†: the United States, Mexico and Brazil (Dumbar1). However, many nations continue to be against this law, and it does not only represent a legal issue. The approval of same-sex marriage is a political, religious, and civil-rights issue in many nations, and it continues to cause a strong debate worldwide. Gay marriage should be legal because it is a human and civil right to be free to choose who to marry, and because it increases the number of child adoptions. Gay marriage should be legalized because freedom to choose who to marry is a human and civil right, and every human being is equal to each other; therefore, everyone have the same rights. When homosexuals are forbidden to marry, they are being treated as different to the other human beings; they are being discriminated, and their right to equality is being violated. Furthermore, when they are conditioned in this way, theirShow MoreRelatedGay Marriage Should Be Legal1205 Words   |  5 PagesHoward Sociology 1301-93431 Gay Marriage Getting married is something that most people do when they find love, which it is an important event in their life. The GLBT (gay, lesbian, bisexual and transgender) community now get the legal right of same-sex marriage, which they have fought for throughout the years; on the other hand, some opponents of same-sex marriage have called for a constitutional change towards it. Although there were some countries that allowed gay marriage before the United Sta tesRead MoreGay Marriage Should Be Legal1159 Words   |  5 PagesAmendment, which puts a ban on gay marriage. This amendment entitles to equal rights to the gay community, ending toleration of discrimination in jobs, rights protecting gays from hate crimes,rights allowing advancement in government. However, the concept of gay marriage is still not considered a right the American people should extend to homosexuals. II. The vast majority of opponents believe marriage should be between one woman and one man, meaning marriage should be between members of the oppositeRead MoreGay Marriage Should Be Legal1574 Words   |  7 Pagesequal rights. Gays and lesbians are consistently denied rights that are typically taken for granted by the average American. Specifically, gay and lesbian couples are denied the right to marry even if they are outstanding citizens. They are held at an unfair disadvantage solely because of their sexual orientation. This discrimination must stop, because gay and lesbian couples are law-abiding citizens too, who should be afforded the same rights as heterosexual couples. Marriage is about love andRead MoreGay Marriage Should Be Legal1564 Words   |  7 PagesWhat is marriage? Recently, people argue with respect to the definition of marriage. What happened to marriage? To get married is a very important event for almost everyone. Especially for women, marriage and giv ing a birth could be the two biggest events of their lives. Many people believe that getting married to the one whom he or she loves is natural. However, what do you think if you cannot get married to him or her because it is socially unacceptable? 100 years ago different colored peopleRead MoreShould Gay Marriage Be Legal?778 Words   |  3 PagesShould Gay Marriage Be Legal? â€Å"†¦I now pronounce you husband and wife†¦Ã¢â‚¬  One would normally hear this when attending a wedding. In tradition marriage has been between one male and one female who love each other. But how would one feel if they heard â€Å"I now pronounce you groom and groom† or how about â€Å"†¦bride and bride...†? In the last 50 years the number of same-sex couples has increased. The on-going argument between the government and the people is â€Å"Should gay marriage be legal?† Although some sayRead MoreGay Marriage Should Be Legal1126 Words   |  5 PagesJune 26, 2015 for gay marriage to be legal in all fifty states, thirty seven out of the fifty and Washington D.C already legalized gay marriage. Many support gay marriage and many do not, with widespread values and reasons for and against it. Due to religion and rights people across the nation have differing views and opinions of it.In a five to four vote in the Supreme Court gay marriage becam e legalized in all fifty states. Shortly after that a few marriage officiators and marriage licenses peopleRead MoreGay Marriage Should Be Legal1179 Words   |  5 PagesGAY MARRIAGES Some states such as Iowa legalized gay marriage through the action of judicial interpretation based on the state’s constitutional stipulations while other states such as Vermont legalized gay marriage through legislation initiatives. These cases demonstrate the government is the sole body that can dictate the validity of whatever is to be regarded as a marriage, and in this case gay marriage. The power to validate marriage is still observed among the private citizens, religious institutionsRead MoreGay Marriage Should Be Legal1480 Words   |  6 PagesNew World Dictionary defines the word married as being husband and wife, yet there are millions of gay activists who are fighting for a new meaning. They believe marriage is more than a piece of paper and a set of rings. The hope is that marriage could be defined as a â€Å"public recognition of a private commitment† or â€Å"emotional, financial, and psychological bond† between two people (Sullivan 53). Gay act ivists believe that taking away the ability to have a publicly recognized relationship or an acceptedRead MoreGay Marriage Should Be Legal1351 Words   |  6 Pageshappened for United States, gay marriage became legal in all 50 states. In most states it already was but the remaining 13 became legal this year. There are many concerns regarding gay marriage, and the effects of them involve many legislative, cultural, religious and family issues. Gay marriage is controversial because a lot of people do not approve of it, they think it is immoral, unnatural, and not what the traditional concept of â€Å"marriage† really means. Opponents of gay marriage say it is only meantRead MoreGay Marriage Should Be Legal925 Words   |  4 PagesGay Marriage jenisea Phoenix Community College Gay Marriage What if you met someone and fell deep in love? What if they meant everything in the world to you? Wouldn’t you do whatever it takes to make them happy? What if i told you that you couldn’t? and that no matter how much you showed someone that you are meant to be that you couldn’t marry them? Wouldn’t that tear you apart inside?. â€Å"The Human Rights Campaign Foundation states that

Atlantic Trade free essay sample

The history of the world consists of things that interrupt continuity. This is abundantly clear during certain time periods, especially when the cultures of Europe, Africa, and the Americas collided in the fifteenth century. The interest in economic growth in Europe, an abundance of resources in the Americas, and the availability of slaves in Africa created a perfect storm that interrupted some continuities from before. Africa was a patriarchal society. As they participated in the slave trade the male population dropped because of the high demand of male slaves in the Americas. This caused a gender imbalance in Africa, forcing many of the male roles and responsibilities to be taken on by the women. When the Americas were first founded, they were used as mining grounds. The Americas exponential amount of silver and gold made itself and Europe rich, and caused a need for slaves to mine.In the early seventeen hundreds, his was disrupted because of the decrease of precious metals found and slaves thanks to poor conditions. We will write a custom essay sample on Atlantic Trade or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This caused a need for new exports so the Americas switched their main item of trade to cash crops, forming a new agriculturally based society. An interest in expanding wealth and influence along with an interest in promoting the work of the church made Europe begin to look beyond its borders. Prior to their interaction with the Americas, the Europeans theEuropean economy grew thanks to their exploratory desires. After finding America, the European economy continued to expand. The abundance of precious metal in the Americas brought Europe and increase of influence and a large financial growth. As stated earlier, the interaction between the Atlantic continents created great wealth for Europe, a social shift in Africa, and extensive colonial shift in the Americas. These interactions were dominantly positive, helping out all of the Atlantic continents in some way.

Why Stealing Is Wrong Essay Sample Essay Example

Why Stealing Is Wrong Essay Sample Paper Essay on Stealing Is Wrong Stealing is wrong for a lot of reasons. Stealing is a big problem in our country. A lot of people have to deal with stealing in their life. It is a problem everyone is going to have to deal with once in their life. The worst thing about it is that you can easily avoid every getting in trouble for stealing by earning your money and buying what you want with your money. Instead of stealing which will cause problems in the end you should just purchase the item you want. That is the better way to go by far. Stealing is wrong for many reasons but here are three main reasons why it is wrong and you should never do it. Three reasons why stealing is wrong is because it hurts the stores profits and the stores will lose money, it is a dishonest thing to do and you will have the guilt of stealing for as long as you have the item you stole, and it hurts family members that care about you and want you to do your best to stay out of trouble. When you steal even if it’s just a small amount it hurts a store’s profits. Even if you think it’s just 1 dollar I can take it, if everyone thought that way then everyone would take just 1 dollar and then the store would lose a lot more then just 1 dollar. So you should never steal even if it seems like it won’t make a difference every small amount of money counts. Stores have to put up with shoplifting all the time and it is something that they shouldn’t have to deal with. If everyone would understand why it is wrong to steal then shoplifting wouldn’t be as big of a problem as it is right now. It’s sad that all the effort stores go through to stop shoplifting doesn’t discourage some people from shoplifting. You can help the store in trying to stop shoplifting by just never stealing from a store and also if you see someone shoplifting you can tell an employee. You have you remember that even though you think it’s fine it can cause a lot more trouble than it’s worth so you just never steal and everything will be alright. We will write a custom essay sample on Why Stealing Is Wrong Essay Sample specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Why Stealing Is Wrong Essay Sample specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Why Stealing Is Wrong Essay Sample specifically for you FOR ONLY $16.38 $13.9/page Hire Writer It is also a dishonest thing to do. Stealing is something that is obviously wrong because you are taking something that is not yours without permission from the person you’re taking it from. If you take something and the person or store doesn’t know then they will find out and feel betrayed by you if you know the person. You can lose friends from stealing from them or from them stealing from you. It is something that you should never do because it can hurt someone’s feelings and even if you are still friends with that person after you get through the situation they may never trust you again. Trust is a good thing to have from your friends, if your friends don’t trust you then you may miss out on a lot of opportunity’s in your life. If they don’t trust you they may never allow you into their house or they may always be watching you and that is not a good feeling to have. It is not worth putting up with and it is something you can easily avoid ever having to deal with. All you have to do is not steal and your friends should trust you as long as you don’t give them a reason not to trust you. Finally, stealing is wrong because it hurts your family members. My mom was so upset the day that I was caught stealing just three dollars worth of an item. So people must go through so much worse if their son steals a car or something more expensive. You never want to see your mom sad and it makes you sad to see that happen and it’s even worse when at that point there’s nothing you can do to make it better. It’s a really bad feeling to have to disappoint people that care about you even when you don’t mean to cause any trouble. Nobody wants to disappoint their family and it is a horrible thing to have to do. You are going to wish that you never did it after seeing you’re family sad. It is something that you can avoid easily by just staying out of trouble but it’s not as easy as it seems. Sometimes you’re going to have to make decisions and the best thing you can do is try your best to stay out of trouble and stay away from people that will get you in trouble. So as long as you stay out of trouble an d never steal anything your parents will be proud of you if you do your best in life and don’t get in trouble. Those are three reasons that stealing is wrong. The reasons are that it hurts the stores profits, it is morally wrong and that is will disappoint your family. Stealing something small seems like it isn’t a big deal but the store, the police, and your parents will treat it very seriously even if it is just a few dollars. Nobody wants to be in trouble and stealing is something that doesn’t have to happen all you have to do is try your best to find a job and earn your money and then buy what you want fair and there will not be any problems. You will also be proud of owning your item that you brought with money that you earned from working hard. It might not be as easy as stealing but in the end it is worth it just to get it fair then stealing it. If you steal something then whenever you see it you’re going to be reminded of what you went through to get it and have a bit of guilt inside you. If you bought it you would be proud of owning it and could show it to your f riends without ever possible getting in trouble. So in the end the best way to get something is to legally earn money and then purchase it with your hard earned money.

Free Essays on Business Ethics

CONTENTS PREFACE, OR ACKNOWLEDGMENTS ii INTRODUCTION n I. Ethics: Boeing and Bell south Ethics policy 1 n APPENDIX n SELECTED BIBLIOGRAPHY n McLaws 1 Business ethics, I am writing my paper on business ethics, business ethics in society, and the ethics policies of Boeing and Bellsouth. I think to study business ethics you first have to understand what it is, business ethics defined is â€Å"The study of the general nature of morals and of specific moral choices; moral philosophy; and the rules or standards governing the conduct of the members of a profession† Building on this definition, we can begin to develop a concept of business ethics. Most people would agree that high ethical standards require both business and individuals to conform to sound moral principles. However, some special aspects must be considered when applying ethics to business. Let’s start with â€Å"What is ethics?† Simply put, ethics involves learning what is right or wrong, and then doing the right thing- but â€Å"the right thing† is not nearly as straightforward as conveyed in a great deal of business ethics literature. Most ethical dilemmas in the workplace are not simply a matter of â€Å"should Bob steal from Jack?† or â€Å"Should Jack lie to his boss?† Many Ethicists assert there’s always a right thing to do based on the moral principle, and others believe the right thing to do depend on the situation- ultimately it’s up to the individual. Many Philosophers consider ethics to be the â€Å"science of conduct†. Twin Cities consultants Doug Wallace and John Pekel explain that ethics includes the fundamental ground rules by which we live our lives. Philosophers have been discussing ethics for at least 2500 years, since the time of Socrates and Plato. Many ethicists consider emerging ethical beliefs to be â€Å"state of the art† legal matters, I.E. what becomes an ethical guideline today is often translated to a ... Free Essays on Business Ethics Free Essays on Business Ethics Ethics in Business From a business perspective, working under government contracts can be a very lucrative proposition. In general, a stream of orders keep coming in, revenue increases and the company grows in the aggregate. The obvious downfalls to working in this manner are both higher quality expected as well as the extensive research and documentation required for government contracts. If a part fails to perform correctly it can cause minor glitches as well as problems that can carry serious repercussions, such as in the National Semiconductor case. When both the culpable component and company are found, the question arises of how extensive these repercussions should be. Is the company as an entity liable or do you look into individual employees within that company? From an ethical perspective one would have to look at the mitigating factors of both the employees and their superiors along with the role of others in the failure of these components. Next you would have to analyze the final ruling fr om a corporate perspective and then we must examine the macro issue of corporate responsibility in order to attempt to find a resolution for cases like these. The first mitigating factor involved in the National Semiconductor case is the uncertainty, on the part of the employees, on the duties that they were assigned. It is plausible that during the testing procedure, an employee couldnt distinguish which parts they were to test under government standards and commercial standards. In some cases they might have even been misinformed on the final consumers of the products that they tested. In fact, ignorance on the part of the employees would fully excuse them from any moral responsibility for any damage that may result from their work. Whether it is decided that an employee is fully excused, or is given some moral responsibility, would have to be looked at on an individual basis. The second mitigating factor is the... Free Essays on Business Ethics "What is ethics?" Simply put, ethics involves learning what is right or wrong, and then doing the right thing, but "the right thing" is not nearly as straightforward as it seems to be. "Ethics is the careful study of standards of behavior that apply to real-world problems and decisions. It gives us insights into what we should do." The minute we put the word ‘should’ in a sentence, we are probably talking about ethics. Colleges should (or should not) take race into account in admissions. Health care coverage should (or should not) be a substantial part of the state budget. Although ethics deals with right and wrong, it is not a discipline that always leads everyone to the same conclusions. It is not the captive of liberals or conservatives. Of course, there are situations that are wrong by any standard. The recently reported advise given by former Enron Chairman Kenneth Lay to the investors to hold on their investments in the company while he himself kept selling the shares of the company is a case in point. But there are other issues where right and wrong is less clear. To guide our reflection on such difficult questions, philosophers, religious teachers and other thinkers have shaped various approaches to ethical decision-making. Many philosophers consider ethics to be the "science of conduct." Ethics includes the fundamental ground rules by which we live our lives. Philosophers have been discussing ethics for at least 2500 years, since the time of Socrates and Plato. Many ethicists consider emerging ethical beliefs to be "state of the art" legal matters, i.e., what becomes an ethical guideline today is often translated to a law, regulation or rule tomorrow. Values, which guide how we ought to behave, are considered moral values, e.g., values such as respect, honesty, fairness, responsibility, etc. Statements around how these values are applied are sometimes called moral or ethical principles. Most ethical dilemmas... Free Essays on Business Ethics Ethics in Business From a business perspective, working under government contracts can be a very lucrative proposition. In general, a stream of orders keep coming in, revenue increases and the company grows in the aggregate. The obvious downfall to working in this manner is both higher quality expected as well as the extensive research and documentation required for government contracts. If a part fails to perform correctly it can cause minor glitches as well as problems that can carry serious repercussions, such as in the National Semiconductor case. When both the culpable component and company are found, the question arises of how extensive these repercussions should be. Is the company as an entity liable or do you look into individual employees within that company? From an ethical perspective one would have to look at the mitigating factors of both the employees and their superiors along with the role of others in the failure of these components. Next you would have to analyze the final ruling from a corporate perspective and then we must examine the macro issue of corporate responsibility in order to attempt to find a resolution for cases like these. The first mitigating factor involved in the National Semiconductor case is the uncertainty, on the part of the employees, on the duties that they were assigned. It is plausible that during the testing procedure, an employee couldn’t distinguish which parts they were to test under government standards and commercial standards. In some cases they might have even been misinformed on the final consumers of the products that they tested. In fact, ignorance on the part of the employees would fully excuse them from any moral responsibility for any damage that may result from their work. Whether it is decided that an employees is fully excused, or is given some Moral responsibility would have to be looked at on an individual basis. The second mitigating factor is the duress or thre... Free Essays on Business Ethics How to behave toward oneself and toward other individuals is a matter of making choices: whether to be friendly or unfriendly; whether to tell the truth or lie; whether to be generous or greedy; whether to study in order to pass an exam or to spend valuable study time watching television and cheat to pass it. These, and all other questions about how people act toward themselves and one another are dealt with in a field of study called ethics. Another name for ethics is morality. Because both words suggest customary ways of behavior, they are somewhat misleading. It had to do with what should or should not be done. Divide practical wisdom into two parts: moral philosophy and political philosophy. They’re defined together as a â€Å"true reasoned state of capacity to act with regard to the things that are good or bad for man† (Drucker, 1996). One statement of the problem is business organizations, as well as members of society in general, are plagued by the fact that ther e are liars, cheats, and thieves among us. Liars, cheats, and thieves are not new nor are they likely to disappear. People will do anything and go to whatever extent to get what they want. This is why there’s a lack of ethics. Definition of terms: The word ethics is derived from the Greek ethos, meaning â€Å"character,† the pattern of behavior or personality found in an individual or group; moral constitution, moral strength, self discipline and fortitude (Compton’s Interactive Encyclopedia). The other is from the Latin mores, meaning â€Å"custom† (Compton’s Interactive Encyclopedia). Business Ethics refers to what is right or wrong, or good or bad, human behavior. The concept of business ethics is â€Å"being able to look at your face in the mirror†(Drucker, 1996). Ethics is a code of conduct and values that is accepted by society as being right and proper. Code of ethics is simply a compilation of the rules that are meant to govern the c onduct of members of a part... Free Essays on Business Ethics Why should social responsibility exist? Isn ¡Ã‚ ¦t the main role of the corporation to serve its stockholders? Isn ¡Ã‚ ¦t the main role of a sole proprietor to turn a profit? Yes, according to popular economist, Milton Friedman, who maintains that the main focus of corporate operations and business is to increase its profits but according to the American public and some corporate leaders, there is a clear command for corporate responsibility to society. In fact, there are many that believe that social responsibility is vital for business ¡Ã‚ ¦s success in the future. Many people wonder how such a narrow-minded question could even come about; should business be socially responsible? The main reason is that many people in the United States, not in business themselves, have demanded that companies respond to problems that may or may not have anything to do with their daily operations or business goals. To insist that corporations single-handedly solve the problem of racism in America is unreasonable and unfair. Of course, however, the citizen can reasonably demand that the corporation not contribute to or further the problem of racism. Corporations are legal inventions aimed at doing business, producing products and services, employing a plethora of people and marshaling together resources for further investment and material progress. To expect anything else of them, it is argued is both irrational and unjust. Why would anyone have such unreasonable expectations? It is not hard, however, to see why many Americans expect nothing less than miracles from our large corporationspublic services at the lowest imaginable prices as well as solutions to social problems that have escaped even the most imaginative and generous government programs. It is very ironic that these exaggerated social expectations are in fact the natural product of the enormous success of business in our society in providing cheap public services and solving social ... Free Essays on Business Ethics From a business perspective, working under government contracts can be a very lucrative proposition. In general, a stream of orders keep coming in, revenue increases and the company grows in the aggregate. The obvious downfalls to working in this manner is both higher quality expected as well as the extensive research and documentation required for government contracts. If a part fails to perform correctly it can cause minor glitches as well as problems that can carry serious repercussions, such as in the National Semiconductor case. When both the culpable component and company are found, the question arises of how extensive these repercussions should be. Is the company as an entity liable or do you look into individual employees within that company? From an ethical perspective one would have to look at the mitigating factors of both the employees and their superiors along with the role of others in the failure of these components. Next you would have to analyze the final ruling from a corporate perspective and then we must examine the macro issue of corporate responsibility in order to attempt to find a resolution for cases like these. The first mitigating factor involved in the National Semiconductor case is the uncertainty, on the part of the employees, on the duties that they were assigned. It is plausible that during the testing procedure, an employee couldnt distinguish which parts they were to test under government standards and commercial standards. In some cases they might have even been misinformed on the final consumers of the products that they tested. In fact, ignorance on the part of the employees would fully excuse them from any moral responsibility for any damage that may result from their work. Whether it is decided that an employees is fully excused, or is given some moral responsibility, would have to be looked at on an individual basis. The second mitigating factor is the duress or threats that an employee mi... Free Essays on Business Ethics Business Ethics Ethics in Business From a business perspective, working under government contracts can be a very lucrative proposition. In general, a stream of orders keep coming in, revenue increases and the company grows in the aggregate. The obvious downfalls to working in this manner is both higher quality expected as well as the extensive research and documentation required for government contracts. If a part fails to perform correctly it can cause minor glitches as well as problems that can carry serious repercussions, such as in the National Semiconductor case. When both the culpable component and company are found, the question arises of how extensive these repercussions should be. Is the company as an entity liable or do you look into individual employees within that company? From an ethical perspective one would have to look at the mitigating factors of both the employees and their superiors along with the role of others in the failure of these components. Next you would have to analyze the final ruling from a corporate perspective and then we must examine the macro issue of corporate responsibility in order to attempt to find a resolution for cases like these. The first mitigating factor involved in the National Semiconductor case is the uncertainty, on the part of the employees, on the duties that they were assigned. It is plausible that during the testing procedure, an employee couldnt distinguish which parts they were to test under government standards and commercial standards. In some cases they might have even been misinformed on the final consumers of the products that they tested. In fact, ignorance on the part of the employees would fully excuse them from any moral responsibility for any damage that may result from their work. Whether it is decided that an employees is fully excused, or is given some moral responsibility, would have to be looked at on an individual basis. The second mitigating factor is the duress o... Free Essays on Business Ethics In Donaldson’s Values in Tension: Ethics Away From Home, he describes a policy that was standard at home, but unsuccessful elsewhere. In one example, the manager of a U.S. company in China caught one of the employees stealing. By following the company’s practice and turning the employee over to the authorities, which was the right thing to do according to our values. The employee was executed because he was judged based on China’s political, legal, and ethical codes, while to us (Americans) the punishment did not fit the crime. While many cultures believe in some variation of â€Å"The Golden Rule†, there really is no detailed international standard of business conduct. U.S. firms should, at the very least establish company policies that take into consideration the principles of different cultures. There is clearly a balancing act to develop policies that define the ethics of the corporation, while understanding that codes of conduct vary greatly around the world. Firms like Levi Strauss and Motorola, not only define their policies, they understand that their managers must be able to adapt to a great deal of moral uncertainty in international assignments. Many business practices are neither black nor white but exist in a gray zone, a moral free space through which businesses and their managers must find away to deal with. Levi Strauss and Motorola seemed to have helped managers by treating company values as absolute and insisting that their suppliers and customers do the same. How this was addressed by these companies, was the development of detailed codes of conduct that provides clear direction on ethical behavior, but leaves room for managers of these companies to use moral imagination that allows them to resolve ethical problems appropriately. Donaldson argues that companies must be guided by three principles in the shaping of ethical... Free Essays on Business Ethics Ethics in Business From a business perspective, working under government contracts can be a very lucrative proposition. In general, a stream of orders keep coming in, revenue increases and the company grows in the aggregate. The obvious downfalls to working in this manner is both higher quality expected as well as the extensive research and documentation required for government contracts. If a part fails to perform correctly it can cause minor glitches as well as problems that can carry serious repercussions, such as in the National Semiconductor case. When both the culpable component and company are found, the question arises of how extensive these repercussions should be. Is the company as an entity liable or do you look into individual employees within that company? From an ethical perspective one would have to look at the mitigating factors of both the employees and their superiors along with the role of others in the failure of these components. Next you would have to analyze the final ruling from a corporate perspective and then we must examine the macro issue of corporate responsibility in order to attempt to find a resolution for cases like these. The first mitigating factor involved in the National Semiconductor case is the uncertainty, on the part of the employees, on the duties that they were assigned. It is plausible that during the testing procedure, an employee couldnt distinguish which parts they were to test under government standards and commercial standards. In some cases they might have even been misinformed on the final consumers of the products that they tested. In fact, ignorance on the part of the employees would fully excuse them from any moral responsibility for any damage that may result from their work. Whether it is decided that an employees is fully excused, or is given some moral responsibility, would have to be looked at on an individual basis. The second mitigating factor is the duress o... Free Essays on Business Ethics Ethics in Business From a business perspective, working under government contracts can be a very lucrative proposition. In general, a stream of orders keep coming in, revenue increases and the company grows in the aggregate. The obvious downfalls to working in this manner is both higher quality expected as well as the extensive research and documentation required for government contracts. If a part fails to perform correctly it can cause minor glitches as well as problems that can carry serious repercussions, such as in the National Semiconductor case. When both the culpable component and company are found, the question arises of how extensive these repercussions should be. Is the company as an entity liable or do you look into individual employees within that company? From an ethical perspective one would have to look at the mitigating factors of both the employees and their superiors along with the role of others in the failure of these components. Next you would have to analyze the final ruling from a corporate perspective and then we must examine the macro issue of corporate responsibility in order to attempt to find a resolution for cases like these. The first mitigating factor involved in the National Semiconductor case is the uncertainty, on the part of the employees, on the duties that they were assigned. It is plausible that during the testing procedure, an employee couldnt distinguish which parts they were to test under government standards and commercial standards. In some cases they might have even been misinformed on the final consumers of the products that they tested. In fact, ignorance on the part of the employees would fully excuse them from any moral responsibility for any damage that may result from their work. Whether it is decided that an employees is fully excused, or is given some moral responsibility, would have to be looked at on an individual basis. The second mitigating factor is the duress or threats t... Free Essays on Business Ethics Business Ethics in Business From a business perspective, working under government contracts can be a very lucrative proposition. In general, a stream of orders keep coming in, revenue increases and the company grows in the aggregate. The obvious downfalls to working in this manner are both higher quality expected as well as the extensive research and documentation required for government contracts. If a part fails to perform correctly it can cause minor glitches as well as problems that can carry serious repercussions, such as in the National Semiconductor case. When both the culpable component and company are found, the question arises of how extensive these repercussions should be. Is the company as an entity liable or do you look into individual employees within that company? From an ethical perspective one would have to look at the mitigating factors of both the employees and their superiors along with the role of others in the failure of these components. Next you would have to analyze the final ruling from a corporate perspective and then we must examine the macro issue of corporate responsibility in order to attempt to find a resolution for cases like these. The first mitigating factor involved in the National Semiconductor case is the uncertainty, on the part of the employees, on the duties that they were assigned. It is plausible that during the testing procedure, an employee couldn’t distinguish which parts they were to test under government standards and commercial standards. In some cases they might have even been misinformed on the final consumers of the products that they tested. In fact, ignorance on the part of the employees would fully excuse them from any moral responsibility for any damage that may result from their work. Whether it is decided that an employee is fully excused, or is given some moral responsibility, would have to be looked at on an individual basis... Free Essays on Business Ethics CONTENTS PREFACE, OR ACKNOWLEDGMENTS ii INTRODUCTION n I. Ethics: Boeing and Bell south Ethics policy 1 n APPENDIX n SELECTED BIBLIOGRAPHY n McLaws 1 Business ethics, I am writing my paper on business ethics, business ethics in society, and the ethics policies of Boeing and Bellsouth. I think to study business ethics you first have to understand what it is, business ethics defined is â€Å"The study of the general nature of morals and of specific moral choices; moral philosophy; and the rules or standards governing the conduct of the members of a profession† Building on this definition, we can begin to develop a concept of business ethics. Most people would agree that high ethical standards require both business and individuals to conform to sound moral principles. However, some special aspects must be considered when applying ethics to business. Let’s start with â€Å"What is ethics?† Simply put, ethics involves learning what is right or wrong, and then doing the right thing- but â€Å"the right thing† is not nearly as straightforward as conveyed in a great deal of business ethics literature. Most ethical dilemmas in the workplace are not simply a matter of â€Å"should Bob steal from Jack?† or â€Å"Should Jack lie to his boss?† Many Ethicists assert there’s always a right thing to do based on the moral principle, and others believe the right thing to do depend on the situation- ultimately it’s up to the individual. Many Philosophers consider ethics to be the â€Å"science of conduct†. Twin Cities consultants Doug Wallace and John Pekel explain that ethics includes the fundamental ground rules by which we live our lives. Philosophers have been discussing ethics for at least 2500 years, since the time of Socrates and Plato. Many ethicists consider emerging ethical beliefs to be â€Å"state of the art† legal matters, I.E. what becomes an ethical guideline today is often translated to a ... Free Essays on Business Ethics Contents 1. Introduction 2. What is Business Ethics? 3. The 10 Benefits of Business Ethics 4. Case Study on Nestlà © 4.1. The Impact of Business Ethics on Nestlà © 4.2. Nestlà ©Ã¢â‚¬â„¢s view on Business Ethics 4.3. The Implications of Business Ethics on Stakeholders 5. Conclusion Introduction Every business has the power through their ability to spend vast amounts of money. They have the ability to change or enhance situations in which many common individual does not. As organizations may affect some people, they have obligations to their employees, consumers, community and the outside world. They have the responsibility to manage or control the business in a way that it won’t harm and in which, positively benefits as many people as possible and themselves. This sounds simple, it is "easier said than done!" as there will always be a conflict of interest between various groups of people. Any decisions made by businesses need to be made with an informed awareness of the specific situation and then act according to some sort of system of principals, which is Business Ethics. What is Business Ethics? Business ethics is exactly the same as normal ethics, and that knowing what is right or wrong, and learning what is right and what is wrong in a business environment. Then doing the right thing, but "the right thing" is not as straightforward as explained in many business ethics books. Most ethical dilemmas in the workplace are not simply a matter of "Should she steal from him?" or "Should he lie to his boss?" Businesses cannot function without ethics, why? Society dictates a set of rules and conformities and seeing as all businesses strive after common goals it means that these goals can only be achieved on the basis of standards, values and morals in society. It can be assumed that business life has to be called 'moral' as well. As in society, standards and values are spontaneously formed once pe... Free Essays on Business Ethics How to behave towards oneself and toward other individuals is a matter of making choices: whether to be friendly or unfriendly, whether to tell the truth or lie, whether to be generous or greedy, whether to study in order to pass an exam or to spend valuable study time watching television and cheat to pass it. These, and all other questions about how people act towards themselves and one another are dealt with in a field of study called ethics. Another name for ethics is morality. Because both words suggest customary ways of behavior, they are somewhat misleading. It has to do with what should or should not be done. Divide practical wisdom into two parts: moral philosophy and political philosophy. They are defined together as a "true reasoned state of capacity to act with regard to the things that are good or bad for man"(Drucker, 1996). One area of the problem is business organizations. They are plagued by the fact that there are liars, cheats and thieves among them. Liars, cheats, and thieves are not new, nor are they likely to disappear. People will do anything to get what they want. This is why there is a lack of ethics. The word ethics is derived from the Greek ethos, meaning "character," the pattern of behavior or personality found in an individual or group, moral constitution, moral strength, self discipline, and fortitude(Compton's Interactive Encyclopedia). Business ethics refers to what is right or wrong, good or bad, human behavior. The concept of business ethics is "being able to look at your face in the mirror"(Drucker, 1996). Ethics is a code of conduct and values that is accepted by society as being right and proper. The code of ethics is simply a compilation of the rules that are meant to govern the conduct of members of a particular organization or profession. Moral and political philosophy are the true and reasoned state of capacity to act with regard to the things that are good or bad for man. ...

Music for Children essays

Music for Children essays Music is an important component for all people to posses in their lives. A child should be introduced to music at a very young age. The introduction of every type of music from classical all the way to modern rock is important. This gives a child the ability to form their own opinion to what they might like the best. Classical music can teach a child every aspect of music including, harmony, themes, dynamics, polymeters, and polyrhythms. These are the components that are scarce in modern music today. The three major components of variation are melody, rhythm, and meter. Variation is an important key to teach a child so that they understand the there are many different ways to approach music and life. The composer Lucien Caillet wrote many variations on the theme Pop Goes the Weasel. Most children have heard this tune in cartoons or songs at school not realizing the classical context. This is a wonderful piece for children because of the dramatic and calm instrumentals followed by the variations of the theme. The music has a whimsical cheerful feel to it and is a perfect example for an introduction, theme, five variations of the theme followed by a coda. These are all important parts of a piece for a child to recognize. Wolfgang Amadeus Mozart is a remarkable composer that all children should study. The piece, Ah, Vous Dirai-je, Maman is perfect for a child in that it resembles a well known nursery rhyme, Twinkle Twinkle Little Star. This piece is also an example of variations of theme. This begins as a simple melody transforming into a complex variation containing a difference in meter throughout the variations with in an increase in tempo. The composition has a very light and cheerful familiar sound to it and could easily attract the attention of a child. The use of sensory imagery in music, impressionism, is another form helpful to increase interest and make music enjoyable. Modest Petrov...

Finance Week 3 Essay Example | Topics and Well Written Essays - 250 words

Finance Week 3 - Essay Example Investors that are risk averse will invest a lot of their resources in common stocks due to the fact that common stocks have a higher potential of equity appreciation. Investors that do not apply the diversification principle can lose a lot of money if the particular sector of the market they invest in goes down. It is never a wise idea for investors to place all their eggs in the same basket. Diversification ensures that investors spread their securities around different sectors of the market. Managers can utilize the diversification principle to increase their cash flow position. A way to use investing to increase cash flows is by purchasing blue chip stocks that have a history of paying dividends every year. Another way for managers to improve the cash position of a company is by investing in bonds that pay coupon payments and in preferred stocks that pay yearly dividends. Firms may also improve their cash flow position by selling commercial paper in the marketplace. The most common form of commercial paper is corporate bonds. â€Å"The right diversification strategy can give you the best odds of weathering whatever economic storms may hit the market in the future† (Caplinger, 2012). Caplinger, D. (2012). This Diversification Strategy Will Make Your Portfolio Safer. Retrieved November 9, 2012 from