How can one make sure that all stakeholders are given due consideration in making business decisions? Is there a practical way to ensure this?
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A: Overconfidence refers to the state indicating that an individual has excessive confidence in…
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A: An approach to decision-making in a business known as "ethical decision-making" elevates moral norms…
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A: Like we have a life cycle every business has a life cycle during which it needs to evolve and…
Q: Identify the key internal and external stakeholders. What are the negative impacts that can happen…
A: Internal Stakeholders Internal stakeholders refer to the individuals whose interest in an…
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A: About Ethical Decision Making - Ethical Decision Making, is a type of concept, which inspires trust…
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Q: Discuss briefly why ethical decision-making is essential in an organization.
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A: Utilitarianism is close to the engineering approach of progression.
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Q: Who should accept the risks?
A: Risks: A risk is a form of uncertainty and it includes the chances of loss. It contains the chances…
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A: Shareholders refer to the owners of the shares in a company and known as the members of the…
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A: Business ethics refers to moral rules and principles that every organization needs to abide by.…
Q: In what way that business ethics influenced our approach to decision making in the workplace?
A: Business ethics can be described as practices, approaches, and codes of conduct that are not legally…
Q: An investigative journalist from the BBC has claimed that a major clothing brand uses factories in…
A: Stakeholders in an organization are those persons who have an interest in the activities and…
Q: What would cause a business person to make an unethical decision?
A: Unethical business decisions are decisions that do not follow any righteous principles and make…
Q: Why it is important to listen to the Stakeholders?
A: Customers, workers, community members, politicians, the media, creditors, suppliers, investors,…
Q: How has the study of Business Ethics as a subject helped you make ethical decisions & choices to…
A: Business Ethics is the study of the business policies and the practices regarding the potentialities…
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A: skills is the taught capacity to carry out a certain task with predictable results and good…
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A: ANSWER IS AS FOLLOWS:
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Q: Do you think unethical decisions cannot be avoided in today’s competitive business environment?
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Q: How does the Better Business Bureau encourage companies to followits standards for commerce?
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Q: How can employee take an ethical stand regarding a business decision when his or her superior…
A: Business ethics are applicable to each and every aspect of business as well as on the employees.…
Q: Explain what are some possible reasons a business person would make an unethical decision?
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Q: Why is decision-making important in good governance? How is this helpful in your field of study?
A: Good Governance focused on structure and procedures for decision making, answerability, control, and…
Q: Explain using examples how “Scaremongering” and “Window Dressing” affect the way leaders work in…
A: Scaremongering refers to spreading the frightening reports or rumors around the business…
Q: How do you build strong relationships with internal and external stakeholders?
A: Stakeholders are those people who have some interest or have some connections with the business…
Q: you think business plays a positive role in addressing social issues? What could they do better
A: Ethics means sympathizing, defending, recommending the concept of what is right and what is wrong…
Q: What are some possible reasons a business person would make an unethical decision?
A: Reasons behind unethical decision: To be successful: It means the business people may follow…
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A: There are various aspects that have to be considered by a business before making any decision. They…
How can one make sure that all stakeholders are given due consideration in making business decisions? Is there a practical way to ensure this?
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- An investigative journalist from the BBC has claimed that a major clothing brand uses factories in Indonesia which pollute nearby rivers, damaging the health of local people who use the rivers for bathing and washing. The factories provide much-needed employment in the local area. Determine the different groups of stakeholders involved in this issue. As CEO of the clothing brand, how would you balance the interests of these different groups of stakeholders?What are the legal and ethical considerations in business decision-making, including issues related to corporate social responsibility, environmental sustainability, and fair labor practices?What are the major ethical considerations that businesses must address in their decision- making processes?
- In what way that business ethics influenced our approach to decision making in the workplace?What are the most important ethical considerations that managers must take into account when making business decisions, and how can they balance competing priorities and obligations to ensure that their actions align with their values?What are the ethical considerations that managers must take into account when making decisions that impact their organizations, employees, and stakeholders?
- What strategies can organizations employ to foster a culture of ethical decision-making and responsible business practices, while ensuring long-term financial success?What would cause a business person to make an unethical decision?In what instance can their stakeholders like suppliers and customers have power over them.
- What is a company’s responsibility for its impact on the climate? For example, if operations in one country contribute to rising global temperatures that lead to greater floods in another country, how should the company respond? When a company operates in countries with lower cost, what are its obligations, if any, to the workers in those countries? What standards should it meet for pay rates? You have a job that you enjoy, and you work 40 to 45 hours per week. How much off-the-job volunteer work would you do? What kinds of volunteer work? How would you react if your boss made it clear he or she wants you to cut back on the outside activities and devote more hours to your job? What are the arguments for and against the concept of corporate social responsibility? Where do you stand, and why? Give your opinions, specifically, with respect to the text examples. What is the current status of the Sarbanes-Oxley Act? What do executives think of it now? What impact has it had?How can employee take an ethical stand regarding a business decision when his or her superior already has taken a different positionWho should accept the risks?