Laws governing the process by which this is accomplished

Assignment Help Operation Management
Reference no: EM132201991

Given that business is about maximizing stakeholder wealth and given that there are laws governing the process by which this is accomplished, is there even room for ethics in business? In other words, if organizations (and organizational members) follow the law, is there any additional need for ethical considerations? When organizations maximize stakeholder wealth, aren't they already doing the "right" thing according to the design and purpose of organizational existence?

Success Factors:

• This essay asks you to form an argument regarding the role of ethics within organizations.

• Draw upon content to support your framework.

• Include a short discussion from the opposite perspective.

• Answers should be comprehensive, and tie varying concepts together

Reference no: EM132201991

Questions Cloud

Importance of a manager being aware of the legal and ethical : Share with a colleague an insight you have gained about the importance of a manager being aware of the legal and ethical risks that may occur in the work
Review article contents and present the summary in paragraph : Review the article contents and present the summary in paragraphs explaining the methodology, modeling/statistical tools used, software /packages
What sources of power have you observed in your career : What sources of power have you observed in your career? Examples?
Technology optimization when creating the workflow : Provide a brief description of your workflow. What information differs from process improvement to technology optimization when creating the workflow?
Laws governing the process by which this is accomplished : Given that business is about maximizing stakeholder wealth and given that there are laws governing the process by which this is accomplished,
Honest information about the product or service : Describe an advertisement that was misleading and did not provide complete and honest information about the product or service.
Calculate the utilization-efficiency and productivity : Calculate the utilization, efficiency, and productivity.
Development is distinguished from training : Development is distinguished from training, in that __________. The Fair and Accurate Credit Transaction Act (FACT) __________.
The fair and accurate credit transaction act : Which of the following is true of performance appraisal? The Fair and Accurate Credit Transaction Act (FACT)

Reviews

Write a Review

 

Operation Management Questions & Answers

  What is the significance of folk dance to its participants

What are the fundamental characteristics of folk dance? What is the significance of folk dance to its participants?

  Managers should establish objectives for employees

Managers should establish objectives for employees that are in easy reach. Management-by-objectives is only a valuable tool for profit-seeking organizations. The process of determining how the management system will achieve its objectives is planning..

  Type of product relate to density of distribution desired

How does the type of product relate to the density of distribution desired? Use an example of a specific product for each of the four product categories and giv

  Identify a specific product or service of an organisation

Conduct a detailed evaluation of the foreign country's political, economic, legal and financial climate.

  Organization structure and culture match its strategy

In what ways do your organization’s structure and culture match its strategy? Is there a good match? Explain.

  Display the sensitivity and relative performance of the test

The graph of beta as a function of the parameter under H0 is called an Operating Characteristic (OC) curve in the field of quality control (QC). These curves are used extensively in industrial applications of hypothesis testing to display the sensiti..

  Evaluate the strategic issues including the degree

Synthesize concerns and opportunities, and articulate them as strategic issues. What are the critical issues? Why are these particular issues critical? Evaluate the strategic issues including the degree to which they may impact the strategic posi..

  Why should proprietary information with competitors

Why should proprietary information with competitors or vendors not be shared?

  Inherent challenges with managing fixed costs-variable costs

In your own words, are there inherent challenges with managing fixed costs, variable costs, direct costs, or indirect costs?

  What is the chance that the demand for the book

Even though the percentages for the expected fill rate and in? stock probability are the same, the order quantities differ. In a few sentences, explain the reason behind this difference (i.e., do your answers make sense?, which one is greater and ..

  Administrator responsible for the health information systems

Assume that you are a senior health service administrator responsible for the health information systems within your organization, and create an argument to be presented to the leaders with the organization that a strategic plan is essential for the ..

  Centralized purchasing is strategy designed for businesses

Centralized purchasing is a strategy designed for small businesses.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd