The Importance of Business Ethics: Case Study of Amazon Executive Summary E-commerce is an exponentially growing industry. Although many new companies take root in the field, giant retailer Amazon remains the largest and most widely used online retailer. However, in recent years, the company underwent significant criticism questioning the ethical principles behind many of their practices fueling their profits (The Guardian, n.d.). Philanthropists and workers’ unions advocate for fairer treatment of workers and accountability for the excessive personal gain by the company’s founder. Business ethics can be defined as the application of individual moral standards in the business environment. Ethical practice formulates a company’s culture through promoting human rights, fairness, and a sense of social responsibility in an otherwise profit-based field (Mea and Sims, 2019). Individual ethical standards are significantly dissimilar to business ethics. The dissimilarity results from the various individuals that contribute to the formation of an organization’s ethical ground. The analysis of Amazon’s ethics shows the consequence and benefits of incorporating business ethics into practice. Amazon’s continuous unethical practice in tax avoidance, inhumane working conditions, and unfair…
Review of Corporate Social Responsibility on Firms Introduction Corporate social responsibility is an efficient strategy to analyze and evaluate the business corporation’s social obligations in building trust between the consumers and the organizations. Various challenges, for example, economic and political problems, corruption, lack of corporate social responsibility engagements, affect the organization’s profitability and sales. Consequently, Corporate Social Responsibility is a universal entity by firms put in place to make sure organizations are kept at bay in evaluating their progress and relationship with customers, communities, and the environment. The article analyzes the corporate market, telecom companies, in one of the developing countries, Haiti, due to the political instability, corruption, economic crisis, low level of customer trust, which corporate social responsibility seeks to study. The article’s intended audience is the companies that want to stabilize themselves as best service providers to customers despite the externalities affecting business like the political uncertainties, organizational rivalries that corporate social responsibility seeks to answer. The reader should know the research methodology, components of a good research process used in conducting the research, different challenges, and problems…
Milestone One The case involves a wrongfully perpetrated medical procedure that leads to the death of a patient by the name Arturo Iturralde. The plaintiff-appellant and in equal capacity cross-appellee is Rosalinda Iturralde who serves as the personal representative of Arturo Iturralde who is the plaintiff posthumously. On the other end, the defendants-appellees cum cross appellants are Hilo Medical Center (HMC), a non-profit organization based in Hawaii, Hawaii health organization, a community benefit corporation, and the State of Hawaii. Other participants in the case serving as defendants-appellees are Robert Ricketson, M.D., and Medtronic Sofamar Danek, USA, which is a Tennessee licensed business corporation. The settings of this case involve the factors that culminated in the demise of Arturo. Tests on Arturo’s body reveal that he suffers from degenerative spondylolisthesis L4-5, a condition that necessitates surgery involving the implantation of two rods in the spine. Dr. Robert Ricketson requests the Hilo Medical Center make an order to Medtronic to deliver M8 Titanium CD Horizon Kit, which would contain the required surgical equipment to facilitate Arturo’s surgery to fix his condition. Upon…
The Importance of a Word: It’s okay to be an Oddball Eccentricity is the word of the hour for me. What does this word describe about someone? Does it mean a person is not normal? Some may even say crazy, but for me, an eccentric person is undeniably original. The truth is, without eccentricity, the world would be a lovely place. Life would be drastically different from how it is today. My goal is to help you gain a better understanding of the word eccentricity. To achieve my goal of creating a better understanding of the word, I will start by getting into its signification. So, what does this word mean? According to the Oxford English Dictionary, eccentricity is a “behaviour that people think is strange or unusual; the quality of being unusual and different from others.” It is important not to think that one is a lunatic. We are all human, but it does not mean we have similar behaviours. I believe eccentricity means one is unique or unlike any other. In other words, eccentricity is creativity…
BMW Case Analysis The primary goal of a business undertaking such as the production and sale of luxury motor vehicles by Bayerische Motoren Werke AG (BMW) Company exists in profit maximization and guaranteed survival. Over the years, BMW has continued to produce luxury cars that meet the needs of their clientele; thus, the company made profits that allowed for global expansion. However, the administration of firms experience challenges in management and operationalization that interfere with the potential for realizing the identified goals. For example, the management may encounter stiff competition, high production costs, and limited financial support to operate in an increasingly technological world. The management develops administrative and budget control measures to ensure that the company does not collapse in the face of challenges. The process of effective intervention involves the analysis of the problem to enable the management to determine and recommend alternative perspectives for guaranteed growth and survival of the firm. Situational Analysis Increasing globalization necessitated the need for BMW to consider tapping in the global market to broaden the market served; thus, increase sales. Globalization exposed…
End-users in the medical device design process End-users might play an essential role in the process of medical device design. End-users act as a reference point for human factors that could be important in helping design medical devices that are best suited to serving user needs (Money et al., 2011). Studying the user’s characteristics gives medical device manufacturers a new insight into the field of engineering; the manufacturers are better suited to understanding what the user exactly needs and focus on developing a device that meets the exact needs or assists in meeting them. The drawback of not taking into account user needs is that the manufacturer might create a product that meets no need at all. Most manufacturers identify niches that are generalized, and failing to carry out a study that helps them understand the exact needs based on the generalization leads to creating an outdated product. In the product design and development stages, research and analysis have to be carried out to know precisely what gap the newly developed product will fill. While developing medical devices, the validation…
Unmet Clinical Needs and TPP Response 1 An unmet clinical need is a medical niche that the current drug treatments lack the required benefit, cannot treat an existing ailment, and the solutions do not exist. Unmet clinical needs are solved by producing new drugs that offer advantages and benefits that the current drugs do not provide, or the new drugs treat a condition which the old drugs in the market cannot. A TPP there is an essential element during the early development of the drug that meets the unmet clinical needs. TPP helps the manufacturers develop initial tests that help them to clarify whether the drug is fit for purpose, thus allowing the new drug to pass from a bench trial to a bedside trial (Cocco et al., 2020). Medical tests are currently efficient methods and set down guidelines for developing a TPP, making feeling unmet clinical needs challenging. Response 2 The primary purpose of a TPP is to guide the research and development of a product. The first aspect is the in-house TPP, which steers a product’s development towards…
Insurance Fraud Introduction Insurance Fraud refers to an illegal act on either the buyer or seller of the insurance contract. The buyer insurance fraud may include exaggeration of claims; falsification on medical history faked death or kidnap or postdated policies. Insurance fraud by the seller may include, churning policies to obtain more policies, offering policies from non-existing companies and failure to submit premiums. Majority of insurance fraud cases involve attempts to exploit the insurance contract for financial gain through exaggeration or falsification of the claims. Insurance fraud costs North Carolinians between 15 to 20 cents on every dollar paid on premiums (Robesonian, 2020). A case reported on the Robesonia Newspaper on Feb. 20, 2020, is aa perfect example of a breach of an insurance contract for financial gain by the buyer (Robesonian, 2020). According to the insurance commissioner, Mike Causey, Samuel Lee Lang Johnson, aged 43 years from Freedom drive 2703 is accused of felony insurance fraud, misdemeanour making false statements on the insurance contract application and obtaining assets through falsification and exaggeration. Johnson is accused of submission of false…
Business Ethics and Integrity early April 18th within various directives in a cue. Hence, is during such a time when one of member mailed to New York Administrator Stating a file termed as Articles of Incorporation in agreement with New York’s Commercial Corporation Regulation. The form comprised the name of a business, Heaven’s Gates company, business term and addressing of Heaven’s Gates registered negotiator, and associate’s name and addresses as the incorporator. One business owner signed the form and encompassed a check covering filing fee. Describing clearly on Heaven’s Gate members, associates thought Earth was resumed, and only technique was saving their awareness and notice being ascended to the next stage/level. Initially believing in a spaceship and unethical approach to the business registry would come and provide them to Succeeding Level, Nettles’ passing brought a minor shift that could have to part with bodies and civilization in direction to succeed. The concluded confidence within ship following Hale-Bopp, and keenly leaving forms when a comet passed nearby to Terrain could spread rise. Analyst and other researchers also quantified standard civilization commonly…
BUSINESS ENVIRONMENT FOR TOURISM AND HOSPITALITY by (name) Course Professor’s Name Hong Kong College of Technology City or State The Date BUSINESS ENVIRONMENT FOR TOURISM AND HOSPITALITY Ease of movement and safety are some of the critical factors that influence tourism. For instance, bilateral tourism or tourists flow between two nations with disregard to their proximity is hugely dependant on the state of security and the ease of movement between these countries. With the threat posed to human life by COVID-19 and government measures adopted to prevent the spread and safeguard humanity, tourism has hugely been affected. In the past month, governments all over the globe have started relaxing these measures to revive the economy. For instance, in Hong Kong, the government has removed the 14-day mandatory quarantine for visitors from foreign nations. Choi (2020) argues that this, in addition to the numerous offered by travel agencies to tourists, would boost the tourism sector’s revival. Although these are some of the factors that influence tourism, their impacts may be…