A contract breach happens when one of the parties in the contract does not follow the terms and conditions set within the contract. Based on the clip, Spud’s emergency is insufficient to excuse him from contractual obligations without liability. According to the Unfair Contract Terms Act, 1977 (UCTA), liability can...
The advantages of Ethics Idol as an ethics training communication medium over in-person PowerPoint training Cisco is promoting ethics in its company through an innovative strategy called Ethics Idol. They created animations based on a parody of the acclaimed TV show American Idol – a series of animations about ethical...
Corporate alignment to ethics is ensured by models, which are the Triple Bottom Line, the Sarbanes-Oxley Act, and three Cs of Leadership. The first framework, the Triple Bottom Line, incorporates people’s interests, the planet, and profits (Slaper & Hall, 2011). The Sarbanes-Oxley Act’s components are financial regulations for organization boards,...
For many people who witness the tendencies in the neoliberal economy-driven and globalized society, business and ethics are two incompatible phenomena. However, business ethics plays a significant role in the distribution of forces and the maintenance of fair competition while preserving basic moral principles. Indeed, due to the controversy of...
Corporate standards of performance imply a code of honor and ethics as an effective management tool. “The code of ethics in an academic environment differs from moral standards that can be applied within a specific culture, education, religion, or society as a whole” (Lačný et al., 2018, p. 94). The...
Uber Technologies Inc. is an American technology company headquartered in San Francisco. The company was founded in 2009; it operates a cab-hailing service worldwide in more than 900 metropolitan areas globally (Cornelissen and Cholakova). It is estimated that Uber has more than 93 million users every month worldwide (Hotfelder et...
Introduction Modern organizations have invested in developing codes of ethics to promote effective professional conduct among the staff members. The code of ethics relates to a set or collection of principles, values, and standards developed by professional organizations, institutions, and enterprises that employees must adhere to, to reinforce good behavior...
The situation under which we find ourselves in as the directors of this company is very challenging. The best way of addressing this dilemma is to start by defining the primary values of this organisation. The primary value when it comes to employee management is professionalism in hiring and managing...
Goldman Sachs is an international company located in the New York City of the United States. This firm engages in offering securities services, venture banking, managing investments as well as offering other fiscal services principally among institutional customers. In the year 2007, the Securities and Exchange Commission sued Goldman Sachs...
Insurance companies often face a number of challenges when processing claims, as clients would want to obtain money fraudulently even when the risk insured against does not occur. The representative of any insurance company has to be careful when handling claims since he or she might end up processing claims...
Examples of Unethical Situations in Business Exxon When it comes to defining the instances of unethical decisions made by companies worldwide, the case of Enron is, perhaps, the most obvious one to bring up. By carrying out a series of financial fraudulences, the organization falsified the results of the audits....
Financial Institutions Case Discussion Assignment The failure of Superior Bank FSB can be attributed to irresponsible business practices of business owners, the directors of the company, and regulators. They failed to exercise their oversight authority when the firm started making a wrong turn. It is important to look at the...
Introduction Multinational companies often face various ethical dilemmas, which depend on the core business values and a set of rules that enforce equity. For instance, should business firms consider international employees as equal business entities or people of different ethical statuses? Arguably, there is a huge predicament associated with the...
To make an ethical and fair decision regarding the problem in the case study, it is important to apply the framework for ethical decision-making (Carroll and Buchholtz 27). In the scenario, my most important primary values that would be demonstrated are integrity, honesty, and high levels of discipline. It is...
The ethical issue in this situation is an academic dishonesty involving unauthorized collaboration. The unauthorized collaboration in this situation involves receiving a copy of an old examination containing questions of class notes without permission from the professor facilitating the course. The rules and regulations of the course plainly state that...
The standards of professional conduct can be revealed through the specifications of ethical concepts. This paper reviews four basic standards of ethical behavior that have to be adopted at work: competence, integrity, confidentiality, and credibility. Since moral conduct stipulates social responsibility, it is vital to encourage the adoption of professional...
The issue of disclosing personal information collected by mobile phone companies is one of important dilemmas in modern ICT ethics. The solution of this problem depends upon the purposes of the information disclosure, the parties to which the information is disclosed and the clients’ consent for it. The information collected...