Sample Essay on:
Ethical Business Practice

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Essay / Research Paper Abstract

A 5 page paper answering 3 questions. The first discusses how an individual applies ethical principles to business practice; the second discusses ethical possible ethical practices at a community college in Georgia. The last asks whether "business ethics" is an oxymoron; the answer is a decided no. Bibliography lists 6 sources.

Page Count:

5 pages (~225 words per page)

File: CC6_KSbusEthRefQ.rtf

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Unformatted sample text from the term paper:

companies, professional associations and consultants appear to focus on, require or encourage ethical behavior without providing a framework within which senior executives can determine (1) the "right" course of action or (2) how to persuade superiors that the chosen course is the right one. As example, the Institute of Management Accountants (IMA) recently issued an updated code of conduct stating that members are to "behave ethically" (Verschoor, 2005; p. 42). IMA does provide four categories of characteristics that lead to ethical action when used, but it stops far short of providing an underlying framework. As Nike, Gap, Wal-Mart and a host of others have learned, every company also needs to be aware of another view of doing only the "right thing." As Juran cautioned in 1988, "If the goals are poorly chosen, the planning will be done to reach the wrong goals. We shall be doing things right but not doing the right things" (quoted in Zwetsloot, 2003; p. 201). Being able to identify the "right things" provides an imperative foundation for ethical behavior. Would the senior management of Union Carbide faced the consequences of the Bhopal disaster had it made ethical decisions at the outset? Probably not. The same is true for Enron management. We know now that Enron gave itself over to greed and arrogance in its business and accounting practices. An accounting tool little known and rarely used before Enron could be greatly beneficial for those organizations seeking to implement sustainability, however. Under US accounting convention, the Special Purpose Entity (SPE) provides a means of keeping capital-intensive items off of the balance sheet, allowing organizations to build for the future without diluting current business results. Defined by the ...

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