There is a ripple affect that ensues from this as well, reaching out to affect jobs, which affect incomes, which again affect economical aspects.
5. The ethical decision-making framework includes the concepts of ethical issue intensity, corporate culture, and individual factors. Discuss how these concepts influence the ethical decision-making process.
The ethical issue intensity concept is truly foremost in determining the degree by which the decision-making process is extended. When the degree of intensity regarding the ethical issue at hand is substantial, the decision making process is likely to be handled with either more care in its concern or more hastily in its chaos. Factoring in corporate culture, the decision making process will be sensitive to the exact nature of the ethical issue in connection to specifics outlining the concept of corporate culture. Individual factors will contribute to the decision-making process according to the various manners of the specific individual factors, which may differ according to issues of gender, relation, age, etc.
6. How does a person's individual moral philosophy influence his or her business decisions?
The individual moral philosophy of a person is perhaps, the foundation by which their business decisions are conducted. Though they are likely to be elaborated by the learned and instilled moral outlooks that are developed within the particular business, these personal philosophies tend to stand the firmest against issues opposing their standards.
7. How can a person's status within an organization create an opportunity for unethical behavior?
A person's status is what empowers them to make decisions and be part of more decision making. Absolute power corrupts absolutely.
8. How can organizations develop an effective ethics program?
By collectively gathering the input of all necessary figures within an organization, and by addressing the concerns...
How can companies secure stakeholder input during an ethics audit? Why is it important to do so?
Companies can secure stakeholder input during an ethics audit first, by ensuring the accuracy of the audit. Second, by promoting the implementation of fast and decisive action in the event of unveiling unethical practices, companies can assure stakeholders that their shared interests will not be compromised as a result of negative findings. With a structured plan of addressing the worst case scenarios, and expressing the extent of such plans to stakeholders; the confidence in secure interests is protected. This is imperative to any organization constructed with shareholders because the withdrawing of their interests can potentially create their demise or financial decline.
10. Some American businesses argue that the U.S. Foreign Corrupt Practices Act, which prohibits U.S. corporations from employing bribes to secure business, places U.S. businesses at a disadvantage when the You did not provide the remainder to this question.
In certain instances, this act does place the U.S. corporations at a disadvantage to that of other countries such as China or Japan. However, the intention of this act is to abolish unfair contracting proposals, most of which are completely fraudulent and saturated with impossibilities for accomplishing their contracted terms. The ethical issue is a center-point in this topic, but is entirely exposed by the limitations set through this act. Corporations are not left incapable of securing business contracts as a result of this act, especially when they are contracted abroad. Nationally, this act merely regulates and restricts the actual terms of how contracts are competitively structured, which mandates the sure use of ethical practices.
