Terms of Reference I am a HNC business student. I am writing this report as part of my course. This assessment covers outcome 4 of the Managing People and Organizations' class. Unit F84T 34 Procedure In order to construct this report, I read the case study and highlighted information that I thought was relevant to this report.
Chris McCandless, whose story is analyzed in Into the Wild, by Jon Krakauer, is a young adult who decides to leave his known habits and material belongings behind and live a completely self-sufficient life in the wilderness, a choice which ultimately leads to his death. In doing that, he also forfeits his family and friends. With that in mind, a question can be posed regarding the ethics of said behavior. As a childless, single and financially independent man, Chris McCandless has absolute ownership of his body and thus his decision to continue doing a sport that he knows can kill him is ethically defensible.
Corporate Shield of Liability For centuries business structures have been utilized for Asset Protection Planning. A corporation is normally a very effective way to shield one's personal assets from liability resulting from the operation of a business. Normally, the shareholders of the corporation are only liable to the extent of their investment in the corporation. However, officers, directors and employees can be personally liable for their conduct relative to the operation of the business and, therefore, may want to consider other alternative means of Asset Protection with respect to their personal assets.
The company owns its own assets and it responsible for its on liabilities and debts The shareholders
The implementation and education of the ethical decision-making model promote moral awareness and company values that can mitigate ethical dilemmas to an extent. The aftermath was devastating for Wells Fargo not just economically but for its image. The corporation can introduce this model in training courses for new hires and current employees. Also ensuring management comprehends the prominence of ethical decisions and are aware that they are the wheels of the car, therefore, lead by example. If the corporation initially had prioritized ethical values and decision-making evaluations at every level of the business, this scandal could have been prevented at least its magnitude.
A major ethical consideration put forth by opponents of drug testing is that the process amounts to an unwarranted invasion of privacy. WDT impacts on privacy in relation to the right to personal i.e. bodily integrity. National legislation on this matter is often the same as that for searches, which requires the consent of the person concerned to be lawful. The question of consent is, however, a thorny one. Most guidelines for WDT (such as the ILO Guiding Principles on Drug and Alcohol Testing, 1996) require that informed consent be obtained before testing.
Employers need employees for business continuity. Employees produce products. The commodities are sold to generate revenue for the firm. The Human Resource Department has a difficult task of ensuring the company is adequately staffed. The Human Resource personnel continuously seeks to hire employees.
The art of Business Bluffing, as Carr would describe it is “simply as game strategy—much like bluffing in poker. ”(A. Carr) However, it could more aptly be described as lying, cheating, and bribing all in the name of achieving business objectives. An article published in 1968 entitled, “Is Business Bluffing Ethical?” Albert Carr maintained that Business Bluffing is ethical.
Decisions taken within an organization are made by the leadership in light of the company’s culture, principles and policies. Leaders are the role models as they set the tone for the ethical stance of their individual followers, or the group they lead. As an ethical leader, they are expected to take responsibility and work to correct mistakes. They must ensure the company has an effective internal controls in place to identify unethical practices. In my opinion, big companies in their audit and compliance committees should have members who may act as ethicist to assess whether the actions of the company are consistent with the desired ethical
When the staff sees this place of employment as more than a paycheck it is reflected in the service provided to the
I am unethical. Before Reading “How (Un)ethical Are You?,” I believed I was unethical. However, reading the article helped me to understand I am a lot more unethical than I believed. The article really got me thinking how ethics applies to everything in life like communication, decisions, myself and other people, etc.
On a daily bases we, as human beings, are faced with making decisions that deal with right and wrong. We are taught at a young age about morals, ethics, values and our laws in society. We carry the lessons we learn when we are young throughout our life and even into our careers of choice. The career you choose to go into will have policies and procedures that are to be managed and followed. With the uprising in technology we are faced with more ethical decisions that are more challenging than before.
Moreover, once the employee is hired in the company the tests must follow so that the company can be assured of the employees that they have hired.
The major issue over here was the knowledge skills of the staff which was already employed in the financial services sectors. Thus an extensive analysis of the employee’s qualifications was indispensible, so that all the employees which went to meet the customers should have minimum training as desired. If the employee did not have the required skills then the organization needed to establish proper training courses, so that the employee standards could be met. Thus the General Insurers a financial services organization had to reorganise the duties of employees after merger and legislative changes were brought in the company in relation to FSRA (McDonald and Jackling, n.d.).
The earlier opinion stated that a business cannot be ethical, but this opinion is not used anymore in the modern business. Today business has belief that they must be responsible for social since they live and operate within a social structure. The key factors that make business ethics is important at the quarter of the 20th century are corporate social responsibility, corporate governance, and globalized economy. The culture of an organization, or else we can call it as the philosophy of an organization which is related with ethics have a great relationship with the performance of a business in long and short term. As a business is manage by human being, the people who manage a business
