Friday, January 24, 2020
Business Ethics :: essays research papers
                         In Donaldson’s Values in Tension: Ethics Away From Home, he describes a policy that was standard at home, but unsuccessful elsewhere. In one example, the manager of a U.S. company in China caught one of the employees stealing. By following the company’s practice and turning the employee over to the authorities, which was the right thing to do according to our values. The employee was executed because he was judged based on China’s political, legal, and ethical codes, while to us (Americans) the punishment did not fit the crime.           While many cultures believe in some variation of â€Å"The Golden Rule†, there really is no detailed international standard of business conduct. U.S. firms should, at the very least establish company policies that take into consideration the principles of different cultures.      There is clearly a balancing act to develop policies that define the ethics of the corporation, while understanding that codes of conduct vary greatly around the world. Firms like Levi Strauss and Motorola, not only define their policies, they understand that their managers must be able to adapt to a great deal of moral uncertainty in international assignments. Many business practices are neither black nor white but exist in a gray zone, a moral free space through which businesses and their managers must find away to deal with. Levi Strauss and Motorola seemed to have helped managers by treating company values as absolute and insisting that their suppliers and customers do the same. How this was addressed by these companies, was the development of detailed codes of conduct that provides clear direction on ethical behavior, but leaves room for managers of these companies to use moral imagination that allows them to resolve ethical problems appropriately.      Donaldson argues that companies must be guided by three principles in the shaping of ethical behavior: respect for core human value, respect for local traditions, and the belief that context matters when deciding what is right and wrong. These principles help in establishing a moral guide for business practice.      James Rachel’s The Challenge of Cultural Relativism, argues that different cultures have different moral codes. He is obviously taking the opposite approach to Donaldson’s absolute approach, that of a relativist approach. The relativist concludes that there is no objective â€Å"truth†in morality, therefore right and wrong are merely matters of opinion that can vary from culture to culture. The problem with this argument is that the stated con- clusion does not necessarily need to be the case if the premise is given.
Wednesday, January 15, 2020
Five Accounting Unethical Issues Essay
Unethical Methods are performed to manipulate the financial records of a bussiness firm. And following are the few methods: Legal : Misuse of law in case of compensation Statistics : Exaggerating revenue and profits to mislead/confuse Tax : Avoiding to pay actual tax Transperency : Trying to counterfeit/falsifying in case of investigation Exploitation : Misuing funds These issues arises due to competition between the bussiness firms to raise their numbers. Greed to have more money and violate the law. Opportunity makes thiefs when offered the bribery. Individuals who work for a giant corporate company, fails to think out of the box when considering rest of the world. Performing unethical behaviour and claimimg it as ignorance, which is not true. Transparent code of ethic which should be professinally implemented in the firm, and as well as among the employees. Maintaining healthy competition betwwen the firms. Publishing actual financial data. Responsible to pay tax. Awarding the apraisal and rewards for ethical behaviour. Legally there should be strict laws for unethical behaviour. Kimmel, P.D., Weygandt, J.J. & Kieso, D.E(4 Ed) Financial accounting: Tools for business decision making Rajeev, L.L. (2012). Ethical and Unethical Business Practices. Article of Buzzle, Business Ethics. Retrived from http://www.buzzle.com/articles/ethical-and-unethical-business-practices.html Oseni, Abubakar Idris. (2012). Research Journal of Finance and Accounting ISSN 2222-2847 (Online) Vol 2. Retrived from http://www.iiste.org/Journals/index.php/RJFA/article/view/188
Tuesday, January 7, 2020
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