Before understanding the term ethics, first understand that the standards of the organization are defined by right and wrong of individuals within the organization. ... All stakeholders stand to gain when organizations, seek to do the right things for the general good of all individuals in the organization. ...
b) Devise four questions that you feel will best help the executives to gain an understanding of how to conceptualize and address the dilemma using relevant theory. (10%) i) The restatement of the financial statements of Huron was for 2006, 2007, 2008 and the first quarter of 2009. ...
Understanding the definition and role of ethics is extremely important in doing business. ... If deception in business were a universal practice, few people would trust business and it would be very difficult to gain an advantage by means of deceptive business. ...
Even if the product is of the highest quality, the company that is marketing, selling and distributing the product to distributors who ultimately are selling to the end-user needs to be operating in an ethical manner, or at least have an understanding of ethics and a written code of ethics that employees follow. ... This company is an example of the ways that food distributors and marketers can gain a substantial market share through corporate responsibility and ethical decision making. ...
As Pfizer, a multinational corporation, we have certain ethical responsibilities. There are two traditional stakeholder theories by which my company may operate. One is the ownership theory. The ownership theory is mainly focused on making a profit: maximizing shareholder returns and making as mu...
