Case summary:
W Company a new company in the eyewear industry managed to make a big impact in a short amount of time. It has one major competitor which owns almost all of the bestselling eyewear and eye care brands in the world. It is focused on its biggest stakeholders that are customers. The company entered in the market by selling their products at a price that is easily affordable to all. It is involved in corporate social responsibility activities like providing free glasses to the poor people who need it to earn their livelihood.
Characters in the case:
The characters that in the case are W a company, Mr. B founder of the company and V a charity.
Adequate information:
The W Company is doing well in the market by gaining attention of more and more customers with its selling strategy. It engages in CSR (corporate social responsibility) activities, which encouraged many companies to create an impact in the global market at a local level.
To determine: Whether most businesses in the U Country follow strict ethical standards, support with reasons.
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Chapter 4 Solutions
UNDERSTANDING BUSINESS
- What determines whether a code of ethics is useful or not?arrow_forwardDecribe perspective on an ethical decision as it pertains to the conduct of individuals, firms, nonprofit organizations, and government entities, including why and how you either made or supported/opposed that decision.arrow_forwardAs a student of Business Ethics, assume you are confronted with an unethical situation, which of the four models discussed in this chapter would you use to overcome this unethical situation and why?arrow_forward
- Analyze and explain why fairness and honesty in business are important ethical concerns. Evaluate and describe some of the major ethical issues businesspeople face.arrow_forwardHow can a company’s code of conduct help safeguard against illegal and unethical actions being taken by employees when facing such pressures?arrow_forwardHow has the study of Business Ethics as a subject helped you make ethical decisions & choices to navigate your professional life better?arrow_forward
- 1. Why are the studies of theories important in Business ethics? - highlight the relevant theories to support your arguments.arrow_forwardWho do you perceive to be ethical or unethical in a business company or organization? Explain your answer.arrow_forwardAlthough Ethics means different thing to different people, its meaning always has some ethical implications. Briefly explain at least two implications of the meaning of Ethicsarrow_forward
- Does your organization (or one you are familiar— STATE FARM INSURANCE ) have a code of ethics? What are important elements to ensure the code is effective? How can firms best ensure that their code of business ethics is read, understood, believed, remembered, and acted on, rather than ignored?arrow_forwardSummarize (use no more than 25 words) Summarize why your top four Ethical Topics are beneficial to a career, employer and society. Identify why ethics are beneficial. Below are 4 topic 1-Morality 2-Confidentiality 3-Right of Engineer 4-Gun Controlarrow_forwardUnder Kant's Categorical Imperative, the idea of morality is the ultimate goal or objective by which people should live their lives. Where does the Categorical Imperative fit (or not fit) into your philosophy of business ethics?arrow_forward
