Literature Review on "Legal and Ethical Issues"
Literature Review 3 pages (1057 words) Sources: 3
[EXCERPT] . . . .
Business leadership and ethics should be joined at the hip, should be effectively partnering in every company and organization, but unfortunately for some companies, for their employees, their stakeholders and customers, ethics plays only a secondary role. This paper points to themes and issues regarding the importance of ethical business practices, and to themes vis-a-vis corporate social responsibility.Ethical Business / Leadership Themes in Peer-Reviewed Articles
"Addressing Possible Conflicts of Ethical Management" -- this article by John Bringinshaw posits that businesses should provide updates to the public and stakeholders not just on the profits, but on the impact that the company's economic performance has had on the environment and on society (Bringinshaw, 2006). The author calls it the "triple bottom line" (social performance; environmental performance; and profit performance); and in the past few years a great deal of attention has been paid to the literature on corporate social responsibility (CSR), which entails environmental and social activities and actions.
Business schools are promoting CSR, and the message from the Pepperdine University's Graziadio School of Business and Management -- as a theme for truly ethical stewardship -- is that the "…exclusive pursuit of shareholder wealth" is not the highest purpose of business practice (Bringinshaw, 1). In fact the highest purpose today for a business that wishes to be contemporary and ethical is to achieve success in the CSR aspect of business (Bringinshaw, 1).
That is the good news, and there is a bit of bad news in Bringinshaw's article in that some companies
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"The Link Between Management Behavior and Ethical Philosophy in the Wake of the Enron Convictions." Author Shane Premeaux posits that while the high-visibility scandals in business (notably Enron's messiness) did not "really impact actual ethical behavior much," but the jail sentences handed down to Enron's executives seemed to make enough of an impression to begin to change attitudes (Premeaux, 2009, 13). Premeaux makes the point several times that notwithstanding the public humiliation -- that results in the incarceration of top executives -- of companies like WorldCom and Enron, and the updated ethical codes being developed, there remains the perception "…that American business executives are not very ethical" (14).
That said, Premeaux offers good information as he suggests that "rule utilitarianism" -- as opposed to "act utilitarianism" -- if adopted as an ethical code by companies, offers the most benefits to the most people through fairness. Rule utilitarianism follows not just the rules, but… READ MORE
Quoted Instructions for "Legal and Ethical Issues" Assignment:
“Book
Cooper, D. & Schindler, P. (11th Ed.). (2011). Business research methods. 11th Ed. Boston, MA: McGraw-Hill. ISBN: 9780073373706
The opportunity to investigate legal and ethical issues and add this knowledge to the Literature Review.
Legal and ethical norms in business must be considered to support the aims of research, such as verification of knowledge, truth, and avoidance of error. Business ethics have become of paramount concern and are relevant to the conduct of individuals and organizations as a whole, especially with the numerous corporate scandals that have emerged in the last few years.
Add content to the literature review by analyzing different ethical, legal, and economic issues relevant to your problem statement and proposed solutions within your area of specialization. Evaluate ethical implications in the field of business management.
1. Introduction
2. Add additional sub-themes regarding ethical issues using at 2-3 peer-reviewed journal articles listed below:
Briginshaw, J. (2009). Addressing possible conflicts of ethical management. Interbeing, 3(2), 1-4. http://search.proquest.com/docview/214826986?accountid=28180
Jiang, D., Lin, Y., & Lin, L. (2011). Business moral values of supervisors and subordinates and their effect on employee effectiveness. Journal of Business Ethics, 100(2), 239-252. doi:10.1007/s10551-010-0678-8
Premeaux, S. (2009). The link between management behavior and ethical philosophy in the wake of the enron convictions. Journal of Business Ethics, 85(1), 13-25. doi:10.1007/s10551-008-9745-9
3. Topic of interest to be used for the literature review: Minkes, A. L., Small, M. W., & Chatterjee, S. R. (1999). Leadership and business ethics: Does it matter? implications for management. Journal of Business Ethics, 20(4), 327-335. http://search.proquest.com/docview/198097321?accountid=28180
4. Conclusion
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How to Reference "Legal and Ethical Issues" Literature Review in a Bibliography
“Legal and Ethical Issues.” A1-TermPaper.com, 2012, https://www.a1-termpaper.com/topics/essay/business-leadership-ethics/73134. Accessed 3 Jul 2024.
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