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Month: December 2007

Business Ethics: Why They Are Important For a Company and Its Success

Business Ethics: Why They Are Important For a Company and Its Success

Martha Vasquez asked: Business ethics is an interesting branch of business theory, primarily because of the fact that they are inherently interesting in a market economy. People tend to be extremely distrustful of corporations in market economies and the bigger they are, the worse that problem of trust usually gets. Business ethics therefore are politically charged in many different circumstances and that in turn serves to make them interesting. Aside from this academic interest however, business ethics are also important…

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Justice Delayed is Justice Denied

Justice Delayed is Justice Denied

Siddharth Chitturi asked: Jawaharlal Nehru, on the afternoon of March 19, 1955, while addressing the members of the Punjab High Court at the inauguration of its new building in Chandigarh, said, “Justice in India should be simple, speedy and cheap.” He remarked that litigation was a disease and it could not be a good thing to allow any disease to spread and then go out in search of doctors. Referring to an adage that “Justice Delayed is Justice Denied”, Pt….

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Business, Ethics, And The Law

Business, Ethics, And The Law

Joseph Brochin asked: The primary objective of a business is to make money. Why would an individual or group of people start a business if he did not want to make money? An argument that is generated by some is: “Should profits be the only function of a business?” The desire for businesses to make money can sometimes lead to what is considered unethical business practices. Keep in mind the words unethical and unlawful are two separate terms with two…

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The Political Economy of Social Justice

The Political Economy of Social Justice

Murali asked: ng>The Political Economy of Social Justice Dr.R.Murali Head, Department of Philosophy & Centre for Philosophical Research The Madura College (Autonomous), Madurai -625011. “Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has.”- Margaret Mead I Social justice refers to conceptions of justice applied to an entire society. It is based on the idea of a just society, which gives individuals and groups fair treatment and…

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Business Ethics And Purpose

Business Ethics And Purpose

Naz Daud asked: The purpose of business is to generate maximum returns for its owners and shareholders. So therefore should the business pursue all activities that enhance profitability and increase the value of the business for the owners and / or shareholders? I also believe that a business should behave ethically in achieving the above purpose. It is not right just to operate within the letter of the law. Businesses should also try and serve their local community and help…

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Business Ethics: A Quiz with Many Right Answers

Business Ethics: A Quiz with Many Right Answers

Sally Rhys asked: You can find various business ethics quizzes around thPick the one answer you think is wrong. This one is different. Each question has only one WRONG answer, doesn’t analyze your answers and tell you where you went wrong. Rather, it is simply intended to raise your ethical consciousness, maybe even stimulate a little discussion between you and your peers or family. In this quiz, try to pick the answer that is wrong. I hope the “wrong” answers…

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Patents and Ethics in the Pharmaceutical Industry

Patents and Ethics in the Pharmaceutical Industry

Kamil Kanji asked: Abstract This paper is concerned with the impacts of strict patents in the pharmaceutical industry, focusing on the Trade Related Aspects of Intellectual Property Rights (TRIPs) Agreement. It discusses the historical and current policy context, to better understand how strict patents affect the availability of essential drugs in developing countries. The research shows that the pharmaceutical industry prioritises profit above health. Strict patents reduce the availability and affordability of new essential drugs in developing countries, and thereby…

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Implementing Business Ethics

Implementing Business Ethics

Tim Bryce asked: “The ethics of a business are whatever the top-dog says they are.” – Bryce’s Law INTRODUCTION We hear a lot these days about the deterioration of ethics in business, e.g., graft, corruption, cheating, favoritism, skimming money, etc. This has resulted in a public relations nightmare for business. If consumers do not trust a company, its a matter of time before it goes out of business. This is supported by recent studies that give evidence there is a…

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MLM Ethics

MLM Ethics

Dr Robin Rushlo asked: Are MLM/Network Marketing Businesses A Honest Way to Earn Income? The MLM/Network Marketing Business MLM (Multi-Level Marketing) is based on the concept of distributing the process of selling onto independent businesspersons. Honest MLMs give everyone (and anyone) the opportunity to start and grow their own business. Consider that the MLM concept can be applied to selling every good and/or service, and that every person is a potential future representative. One can say that everything has the…

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File Sharing Ethics

File Sharing Ethics

Jason Cole asked: Ever since the invention of the internet, people have used it to share files. Be it music, movies, video games, and other copyrighted and non-copyrighted electronic material. This has raised some interesting ethical issues. The debate over whether file sharing is legal and right is one of the most important issues dealing with the internet right now, and has sparked many lawsuits. Some of these lawsuits have even reached the United States Supreme Court. Today we’re going…

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Business Ethics: Five Things You Need to Know

Business Ethics: Five Things You Need to Know

Sally Rhys asked: You may think that business ethics pertains to OTHER people. You learned good ethics at your mother’s knee. Well, what did she tell you about conflicts of interest? As a former Director, Ethics and Compliance for a $1.5B publicly traded organization, I learned a few important bits of information I would like to share with you. 1. A conflict of interest is when someone puts their own interest above those of the organization they work for. I…

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Business Ethics and Ethnicity

Business Ethics and Ethnicity

Dana Smith asked: Proverbs 24:27 ¶Prepare thy work without, and make it fit for thyself in the field and afterwards build thine house. Darby Proverbs 18:9 ¶He also that is slothful in his work is brother to him that is a great waster. The principles of right and wrong that are accepted by an individual or a social group..Ethics..Wordweb America, for many fulfills these ideas for many who come here. America has been from the start a multi-cultural project. Groups…

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Why Buy Fairtrade And Ethical Bags?

Why Buy Fairtrade And Ethical Bags?

Indiann Davinos asked: Why were the quintessentially English clothing company Mulberry selling African Bags? And what part do bottle tops play in the battle against Aids? Bottle-top bags may sound like an idea straight from Blue Peter, but Mulberry’s version is miles away from double-sided sticky tape and coat hangers. The bags, crafted in Africa from recycled wire and bottle tops are lined with luxurious Congo leather, contrasting perfectly with their eye-catching, deconstructed image. And these bags are not just…

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