Business Ethics Essay - 1323 Words

Many business managers argue that the primary responsibility of a business is to turn a profit; however, society is more concerned for corporations to assume ethical responsibility, in which welfare for the greatest number of people will be promoted. This paper addresses the fact that the subjectivity of morals within the military and individual leaders; as some issues could be viewed as ethical by a group but not so by others. The members of an organization and its employees are part of the team, therefore the organization would benefit if their leaders are having strong ethical principles and positive relationships . Because business ethics helps the team work better both individually and as a unit, thus inspiring ethical values while†¦show more content†¦The method of emphasizing ethics enables the leaders to be more inquisitive about their ethical issues not only in the leadership workshop but also back at work. As we continue working to become â€Å"all you can beâ⠂¬ , we can start to let go of our petty self-interests. As we give back, we can potentially reconstruct our communities. As we serve in for military using the values of freedom, justice, equality, caring, and dignity, we can constantly renew the foundations of democracy. Definition of Ethics In accordance to Velasquez, ethics is the discipline that deals with â€Å"right† and â€Å"wrong† or â€Å"good† and â€Å"evil† decisions that are made in according with approved standards of behavior. This is normally regulated by society and legislated by laws from federal government, state, and the country in which the business is executed, as well as, highly scrutinized by the media. But ethical behavior should not stop there, because usually laws only set minimum standards which corporations could always improve on (Velasquez, 2006). The problems facing military personnel are similar to those that business leaders deal with because, both industries see the need for an operational approach to communication, and the commitment to their members to ensure profits and long term survival in their industry (Awad, E Ghaziri, H., 2006). Additionally, the military places strong emphasis in humanShow MoreRelatedBusiness Ethics : Ethic s And Business943 Words   |  4 Pagesdiscussions in Business is Ethics. Some people believe that the decisions businesses make in interest of the business has no place in ethics and that they are essentially amoral. These businesses believe that their main objective is to simply make a profit and that it does not affect the success of the business. Whereas some businesses believe that they have to take ethics into consideration, in order for their business to be a success. Richard T. De George (1999) states that ethics and business do notRead MoreThe Ethics Of Business Ethics1471 Words   |  6 PagesReview Nowadays, the concern for business ethics is growing rapidly in the business community around the world. Business ethics are focused on the judgment of decisions taken by managers and their behaviors. The issue regarding these judgments is the norms and cultures that shape these judgments. Business ethics are concerned about the issue, how will the issue be solved and how will it move ahead along the transition analysis as well (Carroll, 2014). Business ethics can be addressed at differentRead MoreEthics And Ethics Of Business Ethics1304 Words   |  6 PagesBusiness Ethics Varun Shah University of Texas at Dallas Business Ethics Morals are a crucial part of life. Without having principles one would never be able to distinguish the right from wrong and good from evil. Just as it applies to life in general, ethics is an integral part of doing business as well. When we here the term Business Ethics in our work place, we usually do not take it seriously and brush it off saying ‘it’s just a simple set of basic rules like not cheating and so on’. ThisRead MoreThe Ethics Of Business Ethics Essay1097 Words   |  5 PagesResource A discusses how ethics is crucial in business. There are three key ideas used to understand this. Firstly, making ethically wrong decisions tend to cause more upset than other general mistakes as purposeful unethical actions are not as easily forgiven or forgotten. Secondly, ethics provides businesses with a broader understanding of everything to do with their business. Business ethics is effectively just business it its larger human context. Thirdly, being unethical ca n tarnish the publicRead MoreThe Ethics Of Business Ethics1064 Words   |  5 Pages　　　　Business Ethics Ethics can be viewed as the rules and values that determine goals and actions people should follow when dealing with other human beings. However, business ethics can be defined as moral principles of a business. It examines moral or ethical problems that arise in a business environment. Generally, it has both normative and descriptive dimensions. Organization practice and career specialization are regarded as normative whereas academics attempting to understand business behaviourRead MoreThe Ethics Of Business Ethics757 Words   |  4 Pagesdeciding what to do in certain situations, ethics is what guides an individual to act in a way that is good, or right. Those involved in business settings apply ethics to business situations, known as business ethics. It is expected of businesses, small and large, to follow business ethics. There is a particular framework businesses are to follow. However, the reoccurring news headlines of poor business ethics prove differently. Poor busine ss ethics include bribery, corporate accounting scandalsRead MoreEthics And Ethics Of Business Ethics1200 Words   |  5 PagesEthics meaning in simple way for average person is what is right from wrong. According to Chris MacDonald (2010)† Ethics† can be defined as the critical, structured examinations of how we should behave - in particular, how we should constrain the pursuit of self-interest when our actions affect others. â€Å"Business ethics is the applied ethics discipline that address the moral features of commercial activity (Business ethics, 2008).Working in ethical way in business has a lot of benefits which can attractRead MoreBusiness Ethics Essay944 Words   |  4 PagesUnderstanding Business Ethics Unit 37: National Diploma Assignment brief TASK 1: Scenario: Business ethics - a study of a selected company With growing interest among consumers regarding the business ethics of the businesses brands that consumers buy, Westminster council wants to conduct an independent review of some of the organisations that sell their goods and services in the borough. You have been asked to select one of the following brands and conduct research into their business ethics. Read MoreThe Ethics Of The Business Ethics1431 Words   |  6 Pages BUSINESS ETHICS INTRODUCTION:- Presentation Ethics are exceptionally regular and essential good esteem that helps us to take the right choice where we think that it hard to pick between our own advantages and the correct thing to do. We are going to talk about three sections of morals Behavioral morals, Bounded ethicality and last one is irreconcilable situation. As from the names of these parts of morals, its verging on clarifying the significance of it. It clarifies why great individualsRead MoreThe Ethics Of Business Ethics Essay2711 Words   |  11 PagesBusiness Ethics Business ethics is a type of professional ethics or applied ethics which examines moral problems and ethical principles that come up in a corporate environment. It is applied to every aspect of conducting business. According to Milton Friedman, a company has the responsibility to generate as much revenue as it can while still conforming to the basic rules that society has set. These rules include the ones embodied in customs as well as in law. Similarly, Peter Drucker stated that

The Industrial Revolution Of Philadelphia - 1524 Words

INTRODUCTION: April 8, 2012 was the Sunday that Easter was celebrated that year. This date will also be forever remembered as the day that Lieutenant Robert Neary and Firefighter Daniel Sweeney lost their lives at the Thomas Buck Hosiery Factory fire in Philadelphia, PA. Since William Penn first founded the city of Philadelphia in 1682, it has been an evolving and growing city, from a 17th century colonial city to the capital of the United States during the American Revolution. The industrial revolution of the 19th century transformed the green fields of lower Kensington, a section of Philadelphia, to a mixture of homes and mills by 1875.†¦show more content†¦At 03:17 am, Engine 2 arrives on location and reports that he has heavy fire showing from the first and second floors, and requests a full first alarm assignment. One minute later he reported that he had fire all the way t o the roof in a 6-story building, 60’ x one city block. He then requested a full second alarm assignment and notified the dispatch center to prepare for the third alarm. Around 3:30 am, before most 2nd alarm companies arrived on the fireground. the first of many collapses occurred. A large section of wall collapsed from the upper story on the York Street side and crashed on to the street. By 4:01 am, this fire would grow to a five-alarm response. With the arrival of Engine 2 and other arriving companies, command was established, and the fire scene was divided into four geographic divisions (A, B, C, D) to manage this defensive fire. Command was passed from Engine 2 to the Battalion Commander, then to the Division commander and lastly to the Deputy Commissioner. As the fire intensified, the command structure grew to include an operations section, logistics, safety and an exposure group lead by a Battalion Chief. For over two hours the approximately 45 apparatus and ov er 150 firefighters and paramedics fought to contain the fire to the original complex and protect the surrounding neighborhood. The weather that night brought 17 mph winds, with gusts over 30 mph. These winds, combined with the heavy fire loadShow MoreRelatedThe Industrial Revolution : A Small Parts Of A Larger Manufacturing Development849 Words   |  4 PagesIn order to increase productivity of the fast changing economy, the Industrial Revolution presented new organizational strategies. Small parts of a much larger manufacturing development, known as outwork system were carried out in many individual homes. The outwork system was essential, especially for making footwear. The major step-forward was under the factory system. This system allowed work to be performed on a large scale in a single centralized location. A group of businessmen, Boston AssociatesRead MoreThe Labor Force since the First Industrial Revolution Essays912 Words   |  4 PagesLabor Force During the first Industrial Revolution, many social standards of the community were starting to change. Since there were new spinning and weaving machines available, the textile mill factories were built to increase their profit. The people who established these mills hired children and women to decrease their labor cost by paying them low wages and having poor working conditions for them as well. The Labor force impacted American culture through various means such as the child laborRead MoreEssay on Industrial Revolution1279 Words   |  6 PagesIndustrial Revolution Europe during the eighteenth century was at the height of the industrial revolution, none of which reached America. In New England the population was largely English, but America as a whole had more than 20 ethnic strains present, nowhere in Europe could such a heterogeneous mixture be found. America was unique in its political structure. Americans vested authority in personalities, rather than, as in England, in institutions of tradition. As a people they had been stripedRead MorePhiladelphi The United States1183 Words   |  5 PagesPhiladelphia is the largest city in the Commonwealth of Pennsylvania, the fifth-most-populous city in the United States, and the core of the sixth-largest metropolitan area in the country. Located in the Northeastern United States at the confluence of the Delaware and Schuylkill rivers, Philadelphia is the economic and cultural center of the Delaware Valley. Popular nicknames for Philadelphia are Philly and The City of Brotherly Love. The city is the c enter of economic activity in Pennsylvania, andRead MoreDesign and Industrial Revolution1058 Words   |  5 PagesWhat is Design? Q1. What was the industrial revolution? When did it occur? How did industrialisation lead to the creation of the design profession? How was the industrial manufacturing of making products new and what role did the designer play in creating new products? The industrial revolution was a movement that began in mainly in England and Germany during the 18th-19th century. It then spread throughout the world. The industrial revolution introduced the notion of function, ergonomicsRead MoreEssay on Global Warming1058 Words   |  5 Pagesof the â€Å"greenhouse gases† and energy in order to keep temperatures similar to what they are today as well as protect from extreme temperatures. However, complications arise when the concentration of the greenhouse gases increase. 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Creating chaos amongst the peaceful streets of Springfield, armed farmers were stopped by state militia. Shays rebellion led way to the Philadelphia Convention in which fifty-five men representing twelve states congregated on 1787, in proposal of drafting a new constitution. Through the occurrence of the American Revolution, they were aware of the power that their people were able to execute and wanted to stabilize the government by creating a new Constitution. Members includedRead MoreEssay about The Industrial Revolution1394 Words   |  6 PagesThe Industrial Revolution The Industrial Revolution was a great leap in manufacturing technology that had many benefits to mankind. The standard of living was raised to a higher level, products were being made could be made more efficiently and with less production costs, and many people became able to support themselves and live a life away from their parents farm. Because of the reduction in production costs, the prices of goods could be reduced as well. This gave the poorer masses more accessRead MoreThe Constitution: a Democratic Document?954 Words   |  4 Pagesmortgage, to speak out. Creating chaos amongst the peaceful streets of Springfield, armed farmers were stopped by state militia. Shay s rebellion led way to the Philadelphia Convention in which fifty-five men representing twelve states congregated on 1787, in proposal of drafting a new constitution. Through the occurrence of the American Revolution, they were aware of the power that their people were able to execute and wanted to stabilize the g overnment by creating a new Constitution. Members included

Buad 310 Case Analysis Instruction Free Essays

BUAD 310 Spring 2013 Case Due by 4PM on Friday, May 3rd (in BRI 400C) In this case you will apply statistical techniques learned in the Regression part of BUAD 310. Please read the following instructions carefully before you start: †¢ This assignment uses data from the file MagAds13S. XLS, which you can download from Blackboard. We will write a custom essay sample on Buad 310 Case Analysis Instruction or any similar topic only for you Order Now After you download the file go to Data Load data from file in StatCrunch to open it (you don’t need to change any of the options when loading this data. ) †¢ The entire report should be typed and clearly presented without typos and grammatical errors. Copy and paste the relevant (explained further in more detail) regression output into your document. Do not attach any graphs. †¢ You are encouraged to work in groups (maximum size is 5). Any group submits only one report, in which the first page should have all the names and USC ID of the group members. A hard copy of the report needs to be submitted (an electronic copy is NOT acceptable). Before May 3rd, you can also hand in the report during class. When I am not in my office (BRI 400C), please drop the report in the office through the gap between the door and floor. Very important: present the problems in exactly the same order as they are listed. †¢ A note to Mac user: you might need to hold â€Å"shift† when selecting variables for the X-variables with multiple linear regression in StatCrunch. Magazine Advertising What factors influence the price of advertisements in magazines? Suppose you are part of a team of consultants hired by a retail clothing company wish ing to place advertisements in at least one magazine. They are curious about what types of costs they can expect for magazines with different readership bases so they most effectively utilize their advertising budget. Your team has collected cost data on 44 consumer magazines. In addition, your team has measured some other characteristics of the magazines and their audiences that may be useful in understanding the advertisement costs better. The variables are as follows, pagecost: Cost of a four-color, one-page ad (in dollars) circ: Circulation (projected, in thousands) percmale: Percent male among the predicted readership medianincome: Median household income of readership (in dollars) Some natural logarithms of the variables are also provided for your convenience. Your goal is to analyze the data with StatCrunch using Multiple Linear Regression methods and choose the best model to explain the differences in advertising costs between the different titles, and then to predict what the retail clothing company should expect to pay for advertising in the different magazines. Answer the following questions (with reasonable detail, not just â€Å"yes† or â€Å"no†, use one or two sentences per question). 1. Visually examine the scatter plots of the response variable, pagecost, versus each of the explanatory variables (circ, percmale, medianincome). In StatCrunch you can go to [Graphics( Scatter Plot] to do each plot. Describe the form and the direction of each relationship. Do not attach any graphs. 2. Perform a Regression analysis to predict pagecost using all three explanatory variables [Stat ( Regression ( Multiple Linear, then fill in the proper Response and Predictor variables, then click Next twice and under Save options select Residuals, Predicted values and 95% interval for either the mean or an individual (you will have to decide which one you need for part d! ). For he CI (or PI) to be produced you need to enter the values from part d in the row underneath the data table, in appropriate columns. Note that the value for circ has to be entered in the same units as all the values in the circ column. To produce a residual plot do a Scatter plot as in question 1, selecting Residuals as the Y variable and Predicted values as the X variable]. Include the regression output, but not the plot. a. Use the R-squared and the F-tes t to comment on the usefulness of the regression model you fitted (use the significance level of 5% for the test). b. Evaluate the regression assumptions by assessing the residual plot. c. Examine each of the explanatory variables individually to determine which are contributing significantly to the model. (Use the significance level of 5 %. Do NOT actually eliminate any variables from the regression at this stage. ) d. Using the same model with all the variables, provide an appropriate 95%-level interval to the retail clothing company for the amount that they would pay for a full-page ad in a magazine with a projected audience of 2,000,000 readers, 55 percent of which are male, with a median income of $30,000. Explain in one sentence and in simple terms what this interval means. 3. Rerun the regression in part 2 with circ replaced by LN_circ (the natural logarithm of the variable circ), keeping all the other variables the same. Include the relevant regression output (only the coefficient and ANOVA tables). [Stat ( Regression ( Multiple Linear, then fill in the proper Response and Predictor variables, then click Next twice and under Save options select Residuals and Predicted values. Produce a residual plot the same way as in question 2]. a. How does this model compare to the previous model using R-squared? Explain what this difference in the R-squared values means in simple terms. b. Evaluate the regression assumptions by assessing the residual plot. c. Examine each of the independent variables individually to determine which are contributing significantly to the newest model. (Use the significance level of 5 %. Do NOT actually eliminate any variables from the regression at this stage. ) 4. Rerun the regression in part 3 with LN_pagecost (the natural logarithm of pagecost) as the response (i. . the explanatory variables are LN_circ, percmale and medianincome). Include the regression output. [Stat ( Regression ( Multiple Linear, then fill in the proper Response and Predictor variables, then click Next twice and under Save options select Residuals, Predicted values and 95% interval for either the mean or an individual (you will have to decide which one you need for part d! ). For the CI (or PI) to be produced you need to enter the values from part d in the row underneath the data table, in appropriate columns. Note that the value for LN_circ has to be entered in the same units as all the values in the LN_circ column. Also note that the interval will be produced for the LN_pagecost variable. To produce a residual plot do a Scatter plot as in question 1, selecting Residuals as the Y variable and Predicted values as the X variable]. a. Evaluate the regression assumptions by assessing the residual plot. b. Examine each of the explanatory variables individually to determine which are contributing significantly to the new model. Use a significance level of 5%. . Remove the variables you find insignificant and re-run the model. Include the regression output for the new model. d. Using the new model, provide an appropriate 95% -level interval to the retail clothing company for the amount they would pay for a full-page ad in a magazine with the values given in 2. d (projected audience of 2,000,000 readers, 55 percent of which are male, with a median income of $30,000) using the newest model. Explai n in one sentence and in simple terms what this interval means. EXECUTIVE SUMMARY: (roughly about ? to 1 page) You are given the task of summarizing your findings for the board of directors of the retail clothing company. Since they are not very well-versed in regression techniques, you will need to explain things in easy-to-understand, simple and practical terms. Make sure to answer the following questions within the summary: 1. Describe each of the models you considered in parts 2-4 and how these models estimate the relationship between the cost of one-page ad and each of the explanatory variables (for each of the models you will need about one sentence per explanatory variable). . Specify which model you would recommend to best forecast the cost of one-page advertisements. Explain why this model should work well and why you picked this particular model from the ones you tried (go over the positives you see for this model and the negatives for the other models). †¢ Reminder: include only the relevant regression output in your final document. Do not attach or include any graphs. How to cite Buad 310 Case Analysis Instruction, Papers