AMaheshwari_BUS560-BE_Module_1_07-01-2011

AMaheshwari_BUS560-BE_Module_1_07-01-2011 - Module11...

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Module 1      1 Module 1
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Module 1      2 Abstract Response to the first question defines the term Ethics and its importance and necessity  in business. Response to second question talks about the importance of making correct  ethical decisions. In my view ethical decisions are important because whether or not you  think it does, the decisions you make do have an affect on other people. Response to  the third question discuss about the companies like WorldCom, Enron and Arthur  Andersen   clearly   presenting   various   moral   and   ethical   problems   that   are   real   life  business scenarios as well as question the impact of certain 'special' duties/obligations  that apply to particular individuals and employees who choose to engage in certain  activities in the organization leading to their downfall. Response to the fourth question  list the core factors that indicate why bad things happen in organizations as: Human  Nature   and   Self-interest,   Stunted   Moral   Development   and   Central   forces   affecting  Decision   making   such   as   Authority,   Distancing   from   Responsibility,   Tunnel   Vision  Rationalization, External Pressure, and Communication Breakdowns etc.                                 .
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Module 1      3 Module 1 Deliverables Assignments:  Questions Question:   What is ethics, and what does it mean to “put business and ethics  together”? What would it mean for a company to do this well? Response: Ethics is the branch of study dealing with what is the proper course of action  for man. It answers the question, "What do I do?" It is the study of right and wrong in  human endeavors. At a more fundamental level, it is the method by which we categorize  our values and pursue them. “Ethics is a requirement for human life. It is our means of  deciding   a   course   of   action”   (School   of   Communication   and   Information,   Rutgers  University,   Ethics   for   information   professionals http://comminfo.rutgers.edu/~tefko/Ethics_and_searching.ppt   ). Without it, our actions  would be random and aimless. There would be no way to work towards a goal because  there would be no way to pick between a limitless numbers of goals. Even with an  ethical standard, we may be unable to pursue our goals with the possibility of success.  To the degree which a rational ethical standard is taken, we are able to correctly  organize our goals and actions to accomplish our most important values. Any flaw in our  ethics will reduce our ability to be successful in our endeavors.
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Module 1      4 Putting   business   and   ethics   together   means,   substantially   improved   society, 
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This note was uploaded on 12/08/2011 for the course MBA 520,510,59 taught by Professor Kate during the Spring '11 term at Asian Institute of Management.

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AMaheshwari_BUS560-BE_Module_1_07-01-2011 - Module11...

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