• Business

    RIGHTS AND OBLIGATION IN BUSINESS

    The right to life, justice, honesty, truth-telling and freedom apply to life generally, so they apply in businesses. This rights are the right to have one’s own life protected whether one is an employer, an employee, or a consumer; the right to have the opportunity to pursue and qualify oneself for employment without hindrance; the right to establish a business, employ whom you want, and make a profit; the right to expect agreements contracts to be executed fairly, whether between employers and employees, or businesses and consumers; the right to fairness, honesty, and truth-telling at all levels of business dealing; the right to employment security; the right of businesses to…

  • Business

    RESPONSIBLE INVESTMENT

    Whenever we allocate money, time or efforts in the expectation of capital gains, dividends, interest, et cetera in the future, we should seek to balance financial return with social good. This is investment that seek to avoid harm by screening business to be included in an investment portfolio which helps to promote environmental stewardship, consumer protection, and human right. In essence, businesses that are avoided include those that are involved in alcohol, tobacco, gambling, arms and ammunition, and pornography. Many shareholders today include responsible considerations in their business decision. They look for profitable just as they accords with stipulated ethical standards. From the above, responsible investment may be defined as…

  • Business

    BLUFFING IN BUSINESS

    In business, is there reward for being honest? What is the motivation for being honest? In response to these questions, it is perfectly alright to ask if there is a reward for being honest, but as it seems, this has nothing to do with whether one should be honest. It makes no sense to try to convincing people that they should be honest by pointing to the reward that may follow. Rather one should be honest because “honesty” is, by definition that which one should be. As for motivation, honesty often brings a reward, not every time. If it were always in one’s interest to be honest there will be…

  • Business

    PRICE AND PROFIT: INVESTIGATING THE CONUNDRUM

    It appears reasonable to define profit as what is left-over after all tangible, specifiable and quantifiable costs have been paid. Hence, it is considered to be the reward for tangible factors that are crucial to business. These would include risk, entrepreneurial creativity, initiative and the deferment of the use of one’s resources. Reasons for the justification of profit is that many of the solutions to problem in business effect affect profits, these include pollution, adequate workers’ wages, conducive work environment, genuine products and honest adverts. For many people, the intangible element that may justify profit do not have as much important as other immediate, basic, tangible and seeming pressing needs…

  • Business

    RESPONSIBLE BUSINESS MODEL

    How can businesses become more responsible? And how can we prevent the sorts of abuses that create the need for whistleblowing in the first place? Just the formulation of business moral statements is a major first step employees and customers then have a moral reference point: expectations are created and commitments made. The company declares, at least officially that it is willing to be held to certain standards. Training programs, executive progress reports, and other practical application are the next step. These too are becoming widespread. Companies need to signal in day-to-day ways that their moral commitments are taken seriously and make a difference. But business structure may have to…

  • Business

    DECISION MAKING IN BUSINESS

    Many issues in business arise from conflicts between the personal interest of business managers and those of business; between the interest of business and society; between the interest of business and their customers. Others may be generated from a tension between the moral values and beliefs of business owners and their employees, customers, or society’s beliefs, culture, and tradition. For example; the fact that the people operate some principle in their personal life that may be incompatible with those that hold sway in business may generate some issues. In this regard, a conflict of interest would arise when an employee is under pressure to choose his or her own personal…