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This document discusses business ethics at three levels: macro, corporate, and individual. At the macro level, it examines the role of business in society. At the corporate level, it addresses corporate social responsibility and ethical issues companies may face. At the individual level, it considers the behaviors and actions of people within organizations. The document also notes that while some management practices of companies like cigarette manufacturers may be legal, they may not be considered ethical by broader society. It identifies several causes of conflicts of interest between businesses and society, such as ambition, corruption, and demands from social interest groups regarding environmental and social issues.
This document discusses business ethics at three levels: macro, corporate, and individual. At the macro level, it examines the role of business in society. At the corporate level, it addresses corporate social responsibility and ethical issues companies may face. At the individual level, it considers the behaviors and actions of people within organizations. The document also notes that while some management practices of companies like cigarette manufacturers may be legal, they may not be considered ethical by broader society. It identifies several causes of conflicts of interest between businesses and society, such as ambition, corruption, and demands from social interest groups regarding environmental and social issues.
This document discusses business ethics at three levels: macro, corporate, and individual. At the macro level, it examines the role of business in society. At the corporate level, it addresses corporate social responsibility and ethical issues companies may face. At the individual level, it considers the behaviors and actions of people within organizations. The document also notes that while some management practices of companies like cigarette manufacturers may be legal, they may not be considered ethical by broader society. It identifies several causes of conflicts of interest between businesses and society, such as ambition, corruption, and demands from social interest groups regarding environmental and social issues.
stakeholders 1 Name of Institution Business Ethics It is a transparent approach to business success, based on the nations priorities and societys moral guidelines
Therefore, the most professional, transparent, law abiding management practices followed by a cigarette manufacturing company could be legally legitimate, but not ethically acceptable in the broader sense of societys interest. Name of Institution Business Ethics the application of a moral code of conduct to the strategic and operational management of a business. 3 Name of Institution Business Ethics Three levels of business ethics The Macro Level o The role of business in the national and international organization of society The Corporate Level o CSR and ethical issue facing individual corporate entities The Individual Level o The behaviour and actions of individuals within organization 4 Name of Institution Why Conflict of Interests? High ambition of individuals Crushing power of Monopoly Inappropriate ill-drafted laws Extraordinary fear of future Corruption moving from low levels to top level Confusion between ST and LT objectives Consumers using their buying power Communities protesting
Name of Institution Why Conflict of Interests? Decision making moving away from Government & Democratic Systems to Corporations and Global Financial Systems. Social Interest Groups demanding attention to Environment, Health, Human & Civil Rights, Democracy & Safety Employee unions, changing jobs and using third party negotiations