MGT610 Assignment No 01 Solution & Discussion Due Date:20-11-2012

[deep eyez]

Business ethics has become a hot topic of today. Many organizations are following ethical 
practices in different ways and many are trying to incorporate those ethical practices into their 
businesses. Need to Incorporate ethical practices in business strategy has changed the future of 
the organizations in terms of decision making, strategies, focus, structure and all internal as well as 
external issues. Analysts fear that the future would not exist without ethics and consider it as 
essential element that would lead to major organizational change.

Considering the incorporation of ethics in business practices, a challenging issue, it is observed 
that during the process of implementation, organizations have to face a lot of issues & 
challenges. Addressing those issues can not only help organizations cope with core concerns but 
also will pave the way for making business ethics a permanent part of business strategy

Al-Huda International is a leading manufacturer of leather products which are not only popular 
national wide but also is successfully doing business internationally with specialization in enduring 
colors and high quality. Al-Huda International has realized the importance of ethics in its business 
due to many factors and the aim to become an ethically responsible firm.

CEO of Al-Huda is concerned with the accurate and timely implementation of ethical practices in 
business strategy. On the other hand he knows that organization may face different issue during 
this process. To streamline this process, he has hired you as an analyst to see what kind of issues AlHuda might face during the process of implementation? For this purpose you also have to find out 
the reasons of Al-Huda’s eagerness for ethical practices and then have to prepare a report on 
the issues that this organization might face

Hint: You have to find why Al-Huda International is so eager to implement ethical practices? 
You also have to write that what kind of issues Al-Huda International has to face in process of 
implementing ethical practices? 
Don’t forget to support your report logically with a suitable example

[+ M.Tariq Malik]

MGT610 ASSNMNT SOLUTION

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Solution: As we know that many organizations are following ethical practices in different ways and many are trying to incorporate those ethical practices into their businesses. Because business ethics play very important role in the surviving of any business and increasing profit.we have seen many successful business fail, we have witnessed profitability burring business suffer from a downfall and according to outward experience effective corporate receives a great fall in their good will and profit.one was great reason behind them was the lack of ETHICS. Ethics is an important part of our life and also running a successful business. If we want to become successful, a business need to be driven by strong ethics. All the profit making organization in the world feels proud by implementing business ethics. “Business ethics is a specialized study of moral right and wrong.” It concentrates on moral standards as they apply to business institutions, organizations, and behavior. A brief description of the nature of business institutions should clarify this. A society consists of peoples who have common ends and whose activities are organized by a system of institutions to achieve these ends.that men, women and children have common ends is obvious. The most influentiential institutions like AL-HUDA have contemporary societies may be their economic institutions. These are designed to achieve two ends: 1: production of goods and services the member of society wants and needs. 2: distribution f these goods and services to the various members of society. Thus economic institutions determine who will carry out the work of production,how that what will be organized, what resources that work will consume, and how its products and benefits will be distributed among society’s members. Business organizations are primary economic institutions through which people in modern societies carry on the tasks of producing and distributing goods and services. As an analyst when I start to detect issues which are created from ethics which are most common in the mostly business. Ethical Issues Following is a list of ethical issues which are faced al-huda by implementing of business ethcs. The problem with these is that they are not only routine and frequent, but they are also more widespread. 1: secrecy: Bribing powerful officials in order to get bids and tenders accepted and bribing competitor employees to get informational leaks is a serious ethical issue in business. In fact, it is a crime that is legally punishable in most countries today. 2: gender discrimination: Labor related issues like gender discrimination at workplace, employee harassment, minority community participation, working conditions and child labor are also some general ethical issues. 3: Business practices: Business practices like sourcing of materials, quality of inputs in production, compromising on certain aspects like product quality, safety, etc. and deception in packaging, quantity or size also fall in the purview of business ethics. 4: side effects: Some industries consciously omit the details of the side effects of the usage of their products from the product packaging while some indulge in controversial practices like animal testing and these too are some of the ethical issues in businesses. 5: minimum wages: Forcing labor to work at below minimum wages, sweatshop work conditions, violation of worker rights and not complying with health, safety and environmental standards are some common current ethical issues. Company Specific Ethical Issues: Here are some company specific ethical issues. These should be dealt with pretty strictly as to serve an example to the rest. Showing honesty, integrity and openness in consumer relationships, addressing warranty and guarantee claims in an open and transparent manner and involving the company in some kind of social welfare causes is an ethical business practice that many are yet to follow. 1: moral responsibility: Whether to accept moral responsibility of on-site mishaps, spills, leaks and disasters and whether to make product recalls if certain harmful information about them comes to light, are ethical issues that all businesses must be prepared for. 2: dumping good: Unethical business practices like dumping good at loss making prices just to earn market shares or to oust a new competitor from business, colluding with competitors to fix higher prices, using high pressure selling tactics, using deceptive advertising, etc. are also some things that need to be looked at. 3: releasing products: Some stronger ethical issues are related to practices that are not easily detected, like releasing products that have built-in obsolescence (to generate further demand for future products) and indulging in accounting manipulations to generate secret reserves or to show higher or lower profits as per convenience. 4: crop up on a daily basis: There are many more ethical issues in business and some of them are so common that they even crop up on a daily basis. Making ethical choices is sometimes the hardest thing, especially when the one losing out is you or your business, yet, for the greater good and for the sake of differentiating humanity from animal kind, one has to look at business as well as personal ethics and evaluate them from time to time. For example, if all businesses just looked at current profits and production and ignored the call of the environment, the person losing out on all this is man and his society. Looking at all the ethical issues in business and finding the optimal solutions for them, by taking well-thought out and rational decisions based on all possible parameters will help everyone, the society, the consumer, the environment and more importantly, even the business.

[shabbir ghuman]

Remember this assignment should be in APA formate

Here I prepare 6 pages in aPA style for laiq students

and given some ideas from notes of mgt 610

study them and sirf meray pr na raina mazeed bi search ker laina...

 

[shabbir ghuman]

American Psychological Association (APA) Style is a set of rules developed to assist reading comprehension in the social and behavioral sciences. ...

and i have made this one in APA style,,,,

welcome,,

[+ M.Tariq Malik]

 shabbir ghuman gud & thanks 

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[+ M.Tariq Malik]

 

 

 

 

 

 

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Author Note

A brief author note (which should not be included in papers submitted in Paul Rose’s classes) goes here. It may include acknowledgment of funding sources, expressions of gratitude to research assistants and contact information for the author who will handle requests.

Importance of business Ethics in an organization

business ethics is,

essentially, nothing more than obeying the law. However, the law and morality do not always

coincide (again, slavery and Nazi Germany are relevant examples). Some laws have nothing to

do with morality because they do not involve serious matters. These include parking laws, dress

codes, and other laws covering similar matters. Other laws may even violate our moral

standards so that they are actually contrary to morality.

Thus, none of the arguments for keeping ethics out of business seems forceful. In contrast,

there are fairly strong arguments for bringing ethics into business.

 

1. Ethics deal with matters that can seriously injure or benefit humans. For

example, most people in American society hold Ethics against theft, rape,

enslavement, murder, child abuse, assault, slander, fraud, lawbreaking, and so on.

2. Ethics are not established or changed by authoritative bodies. The validity of

Ethics rests on the adequacy of the reasons that are taken to support and

justify them; so long as these reasons are adequate, the standards remain valid.

3. Ethics, we feel, should be preferred to other values, including self-interest.

This does not mean, of course, that it is always wrong to act on self-interest; it only

means that it is wrong to choose self-interest over morality

4. Ethics are based on impartial considerations. The fact that you will benefit

from a lie and that I will be harmed is irrelevant to whether lying is morally wrong.

5. Ethics are associated with special emotions and a special vocabulary (guilt,

shame, remorse, etc.). The fact that you will benefit from a lie and that I will be harmed

is irrelevant to whether lying is morally wrong.

Issues while implementing Ethics in an organization

 

Systemic issues ─ Questions rose about the economic, political, legal, or other social

systems within which businesses operate. These include questions about the morality of

capitalism or of the laws, regulations, industrial structures, and social practices within

Business Ethics

2. Corporate issues ─ Questions rose about a particular company. These include questions

about the morality of the activities, policies, practices, or organizational structure of an

individual company taken as a whole.

3. Individual issues ─ Questions about a particular individual within an organization and

their behaviors and decisions. These include questions about the morality of the

decisions, actions, or character of an individual

Ethical relativism is the theory that, because different societies have different ethical beliefs, thereis no rational way of determining whether an action is morally right or wrong other than by askingwhether the people of this or that society believe it to be right or wrong by asking whether people of a particular society believe that it is. In fact, the multiplicity of moral codes demonstrates theis no one "right" answer to ethical questions. The best a company can do is follow the old adage,  "When in Rome, do as the Romans do." In other words, there are absolute moral standards.

Cultural relativism asserts that morality varies from one culture to another

1. Moral reasoning must be logical.

2. Factual evidence must be accurate, relevant, and complete.

3. Moral standards must be consistent.