Category: Ethics

Every organization wishing to function properly and in coherence with public interests has to stipulate the set of corporate ethics and a fixed, transparent moral code. The importance of ethical basis in business functioning has been proved long ago and has shown its efficiency in implementation. However, there is always a question of who this…

Introduction The proper functioning of an organization requires control and monitoring. Corporate governance comprises one of the ways of controlling and enhancing the monitoring of organizational operations (Caldwell & Karri 2005). At the heart of corporate governance is the need to mitigate or implement mechanisms of controlling and preventing conflicts of interest among stakeholders. The…

Nowadays business is one of the most important spheres of our life. Many people are involved in this field of our life, and they all belong to different nations. Each nation has its own traditions and culture. Therefore, there exist many differences among representatives of different countries. That is not a secret that in business…

Table of Contents Introduction Diversity in the workplace as a strength factor Diversity ethics of management Conclusions References Introduction The United Nations General Assembly has declared the new millennia and this century to be the century where diversity should be celebrated. As in many other fields of life, even in business diversity has become part…

Table of Contents Introduction Controversy Background Analysis Conclusion Endnotes Introduction Business ethics can be described as the application of the moral rules that exist within a society to the practice of business. The fact that morals are highly dependent on the cultural or religious background of a person as well as his or her personal…

In the IT company under consideration, a big ethical issue occurred – HR managers, as well as project managers, started to apply gender-biased approach in hiring new employees on the positions of code developers. This is observed continuously during a couple of months after one of the new female employees made a serious error in…

The play out of forces of demand and supply are critical in the determination of prices for both goods as well as services. The price of labor services in a country is largely dependent on the ability of the local populace to provide adequate labor and more importantly the demands presented by the economic activities…

Table of Contents Introduction Ethical Issue and Solution Conclusion References Introduction We are faced with ethical issues in our interactions as human beings. Ethics can loosely be defined as a system of moral principles by which social conduct is judged as either “right” or “wrong”. As relates to business, ethics are moral principles which prescribe…

According to Beauchamp, Norman & Denis (2003), Simulation by definition is the act of undertaking a Xerox of some condition of the issues or the processes that are mostly meant for the depiction of some particular traits of a chosen existing physical phenomenon. Simulation has for long been used in many fields to make people…

Table of Contents Understanding, accepting and applying ethical standards Bank Ethics Cooperation Approach to making good decisions Reference List Understanding, accepting and applying ethical standards Understanding, acceptance, and application of ethics play a very important role to individuals and certain groups. First, all workers want to feel good during their work and enjoy proper working…