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Essay / Research Paper Abstract
This 16 page paper is written in three parts. The first part of the paper asks what the term business ethics means and explores this with a definition and a philosophical approach to ethics in business. The second part of the paper considers how ethics can be seen in the German Retail industry, using examples to support points raised. The last part of the paper considers whether or not the German government should intervene to enforce ethics in the German market. This section includes the comparison of the German market with two models of corporate governance. The bibliography cites 14 sources.
Page Count:
16 pages (~225 words per page)
File: TS14_TEethgerm.rtf
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Unformatted sample text from the term paper:
2. HOW DOES BUSINESS ETHICS APPLY FOR THE RETAIL INDUSTRY IN GERMANY 8 2.1 German Practices 8 2.2 German Retail 10 3. SHOULD THE GERMAN GOVERNMENT GET INVOLVED IN BUSINESS ETHICS 12 3.1 Shareholder Wealth Maximisation 13 3.2 Corporate Wealth
Maximisation 15 REFERENCES 18 1. What Does The Term Business Ethics Mean In General? 1.1 Business Ethics in Practice In any business there will always be a need to understand what is
right and what is wrong. Unfortunately it is only in hindsight that many of the decisions made by a business may be seen as right or wrong. The crew of
the herald of Free Enterprise did not think they were undertaking a wrong action when they left the harbour with the bow doors still open, as they had on many
other occasions. Senior management know that this was taking place, but did not take positive action to stop it, even though they were aware of the risk to life. The
decision, in hindsight, was wrong and it may be argued that it was ethically wrong for a blind eye to be turned to this practice. Likewise Shell was subjected
to pressures when it was claimed they were acting unethically with the disposal of the Brent Spa oil rig at sea. Due to pressure they undertook to dispose the oil
rig on land, which they knew and was later proved to be both more costly and more dangerous, in hindsight the most ethical action would have been the disposal at
sea, but this was not perceived by those, including the general public, who were putting pressure on the company to abandon that plan. This starts to indicate that it is
the perception of being ethical that is at least as important, if not more important than the reality of an ethical stance. However, we can also argue that ethics is
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