Questions Essay Example | Topics and Well Written Essays - 1250 words

Questions - Essay ExampleFigure good principles involved in stakeholder ratiocinations Source Freeman et al., 2007, Pp. 88 The management thus, need to ensure that their corporate genial responsibilities are well charted out since much(prenominal) practices bear have serious consequences on the brand visit and credibility of the company, thus limiting its ability to create value for the stakeholders. 2. The term Corporate culture can be defined as a set of values, beliefs, goals, norms and ways of solving problems shared by members (employees) of an presidential term (Ferrell et al., 2009). It reflects the shared vision, values as well as expectations of the founder of the organization as well as that of the management. The manner in which the employees behave the policies adopted by the management, and the decisions made reflect the corporate culture of the organization. It plays a crucial role in influencing ethical decision making, for instance, if the corporate culture of the firm vehemently supports wrong behavior the decision making is bound to support and encourage similar practices. The persistent application of such negative / unethical practices is hence, directly associated with the corporate culture of such organizations. ... The company came under a circumstances of flak for its unethical practices of hiring illegal immigrants and violation of human rights (Greenhouse, 2003). The corporate culture of the company entailed provision of offset priced products for its customers, the pursuit of which lead to such unethical decision making by the management. The firm hired, illegal migrants workings on meager remunerations, to lower the cost and hence maximize profits. Although the core values of the company did not endorse similar views, the corporate culture however, did encourage the implementation of unethical means to achieve their in demand(p) goals. While McDonalds on the separate hand, reflected a corporate culture which endorsed eth ically right practices, which is reflected in its decision making. This is mainly the reason why, the organization was acknowledged as one of the Worlds most ethical companies during the year 2008 (McDonalds, 2008). The accolades stock by the food giant, reflects its corporate culture, which encourages provision of good quality products and services, cleanliness and good values thus at last resulting in better decision making on the part of the management. 3. The availability of term papers and other research materials online is a fact, and can be regarded as a direct outcome of the rapidly come up use and reach of technology. Websites offering term papers in exchange for money has become a highly lucrative commercial activity in recent times. However, such a practice cannot be termed as unethical per se, reason being, it does not in any way, violate the laws of any nation or harm the society in general and hence does not fall under the category of unethical business practice. Acc ording to Painter-Morland & Werhane (2008)