What situations have you encountered in your past business life that you wish you had encountered AFTER taking Business Ethics ?
Behaving ethically can help your business to build customer loyalty, avoid legal problems and attract and retain talented employees.
Build Customer Loyalty
Consumers may let a company take advantage of them once, but if they believe they have been treated unfairly, such as by being overcharged, they will not be repeat customers. Having a loyal customer base is one of the keys to long-range business success because serving an existing customer doesn’t involve marketing cost, as does acquiring a new one.
Enhance a Company's Reputation
A company’s reputation for ethical behavior can help it create a more positive image in the marketplace, which can bring in new customers through word-of-mouth referrals. Conversely, a reputation for unethical dealings hurts the company’s chances to obtain new customers, particularly in this age of social networking when dissatisfied customers can quickly disseminate information about the negative experience they had.
Retain Good Employees
Talented individuals at all levels of an organization want to be compensated fairly for their work and dedication. They want career advancement within the organization to be based on the quality of the work they do and not on favoritism. They want to be part of a company whose management team tells them the truth about what is going on, such as when layoffs or reorganizations are being contemplated.
Companies who are fair and open in their dealings with employees have a better chance of retaining the most talented people. Employees who do not believe the compensation methodology is fair are often not as dedicated to their jobs as they could be.
Positive Work Environment
Employees have a responsibility to be ethical from the moment they have their first job interview. They must be honest about their capabilities and experience. Ethical employees are perceived as team players rather than as individuals just out for themselves. They develop positive relationships with coworkers. Their supervisors trust them with confidential information and they are often given more autonomy as a result.
Employees who are caught in lies by their supervisors damage their chances of advancement within the organization and may risk being fired. An extreme case of poor ethics is employee theft. In some industries, this can cost the business a significant amount of money, such as restaurants whose employees steal food from the storage locker or freezer.
Avoid Legal Problems
At times, a company’s management may be tempted to cut corners in pursuit of profit, such as not fully complying with environmental regulations or labor laws, ignoring worker safety hazards or using substandard materials in their products. The penalties for being caught can be severe, including legal fees and fines or sanctions by governmental agencies. The resulting negative publicity can cause long-range damage to the company’s reputation that is even more costly than the legal fees or fines. Companies that maintain the highest ethical standards take the time to train every member of the organization about the conduct that is expected of them.
What situations have you encountered in your past business life that you wish you had encountered...
- Give one example of a negative externality that you have encountered in your life/worklife, describe how that affects you, and give suggestion on what you think should have been done with it. - Give one example of a positive externality that you have encountered in your life/worklife, describe how that affects you, and give suggestion on what you think need to be done to maintain it.
As you can see and have likely encountered in your own life, it is unclear which one drives our concept of self the most. Did the conditions of our life after being born decide (nurture)? Or were we born the way we are (nature?
Describe one situation you have encountered where your actions were guided by the Nursing Code of Ethics. If you have never encountered such a situation, imagine a possible situation you could face in the future as nurses.
1. Please describe a scenario that you have encountered recently as a consumer where a business has either under forecast or over forecast demand for a product that you were planning to purchase. You will generally notice under forecasting if the product is out of stock or over forecasting if there is excess inventory for the item. Please describe the implications to the retailer, manufacturer, and broader supply chain. You can present your response through the lens of your own...
Its an question of biomedical ethics.. Please help ASAP In this course, you have encountered a broad range of topics in biomedical ethics. For this question, I want to show that you have given some thought to an idea you have encountered in the course. I ask for the following response (minimum of 5 sentences): 1. Explain one belief you previously held that was called in question by an idea you have encountered in this course. 2. Explain why the...
Identify a manager/boss/supervisor you have encountered in your work life, and think about that person's management style. Do not provide any of this individual's personal information, including names. Keep that manager in mind as you provide your response to the discussion. If appropriate, include personal experience in your response: What personal characteristics made that manager effective or ineffective? If you could have told that manager two things that person could change to improve his or hermanagement style, what would they...
Identify a business that you are familiar with or have dealt with in the past (coffee or fast food shop, etc.) and comment on two activities that you have observed that, in your opinion, are non-value-added. What recommendations would you make to the business to improve the situation?
4. What interests-based, rights-based, and power-based responses have you encountered in task or process related disagreement situations?
Describe a recent and personal experience you have had with e-business. Amazon is obvious. Try and find a unique example. Could the company above operate without e-business or potentially expand it's e-business platform? Explain. Describe an issue you have encountered while engaging in e-business. How was it resolved and how could it have been prevented?
1. Have you ever encountered a situation in which you experienced (or had another person experience) a drug (OTC or prescription), herbal, or supplement-nutrient interaction? If so, explain what it was. If you have not, research a common interaction and explain it. Your explanation should include what drugs, herbs, or supplements and nutrient(s) are involved as well as the possible result of the interaction. Note that you are not to report on the side effects of a drug, herb or...