If Olympus is found guilty, will the fine of $17.3 million be enough? Why or why not? Ethics hotlines can be an effective resource for identifying unethical actions in a company. Why, in your opinion, did Olympus allow the hotline to be run internally? Japanese culture seems to play a large role in this case. Explain the concept of due diligence and how it differs in American culture. What stakeholders are affected in this case, other than the shareholders?

If Olympus is found guilty, will the fine of $17.3 million be enough? Why or why not? Ethics hotlines can be an effective resource for identifying unethical actions in a company. Why, in your opinion, did Olympus allow the hotline to be run internally? Japanese culture seems to play a large role in this case. Explain the concept of due diligence and how it differs in American culture. What stakeholders are affected in this case, other than the shareholders?

Principles of Management

OER 2019th Edition

ISBN:9780998625768

Author:OpenStax

Publisher:OpenStax

Chapter5: Ethics, Corporate Responsibility, And Sustainability

Section: Chapter Questions

Problem 14CRQ: What is different about ethics in a global or international context and ethics in a national context...

See similar textbooks

Similar questions

After reading this chapter, what are major insights you have about ethics and CSR?
What is the difference between ethics and business ethics?
What is different about ethics in a global or international context and ethics in a national context or setting?
Why is leadership important for ethical conduct in corporations?
Organizations should develop a Code of Conduct and ethics program by establishing, communicating, and monitoring uniform ethical values and legal requirements to their employees. In your Opinion? What are the important Elements of a Strong Ethics Program?
How Organizations Can Promote Ethics Ethics are the standards of right and wrong that influence behavior, and ethical behavior is the accepted or "right" way to behave according to those standards. Managers will often have to choose between courses of action that will promote either economic performance or social performance. In today's marketplace, organizations are under tighter and tighter scrutiny when it comes to ethics. This activity is important because it is critical for managers to be familiar with and understand ethics and how to promote ethical behavior in the workplace. The goal of this activity is to challenge your knowledge of the ways in which organizations can promote high ethical standards on the job. Riverview Manufacturing, as part of an ongoing continuous improvement process, recently completed an ethics audit to determine if there were potential ethical lapses within their organization. While they did not find any glaring problems or issues, they did discover some…
1.WHAT IS CORPORATE SOCIAL RESPONSIBILITY (CSR) AND ITS BENEFITS? 2. DEFINE IN A SIMPLEST WORD, WHAT IS BUSINESS ETHICS? 3. WHAT ARE THE ELEMENTS AND DISCLOSURES THAT CONSISTENTLY APPEAR IN A CSR REPORT? 4. WHAT ARE THE DIFFERENCE BETWEEN COMPLEX & CHALLENGING BEHAVIOURS?
1. Is it wise for a government to try to legislate ethics through laws such as theFCPA? 2. Consider the following scenario: A sales representative from a textbookpublisher calls on your professor to try to get him or her to adopt a new textbook.Is it okay for the professor to accept a free lunch from a publisher’s salesrepresentative? If it is okay for a professor to accept a free lunch, what about afree game of golf? What about a free set of golf clubs after the game?
Should organizations pursue high ethical standards regardless (or in spite of) their bottom-line impact? Or should they limit themselves to those scenarios where “good ethics make for good business?
Essay: What is the difference on BUSINESS ETHICS and CORPORATE SOCIAL RESPONSIBILITY? NOTE..please do not just copy on the internet. Share your thoughts about it.
Many employees are not aware of moral ethics. What can be done to help employees become more conscious through ethics education?
We studied theories that describe corporate social responsibility from an ethical perspective. In the previous lecture, we discussed how theorists attempt to discuss the concept of social responsibility and how businesses should approach it from the normative perspective. For this discussion, take a look into the Alokozay Group of Companies in Afghanistan. AGC has one of the biggest businesses in the country in terms of assets, distribution of goods, revenues, and creating a job market. See how AGC has approached its corporate social responsibility in the country. As a starter, you can explore around its website; https://www.alokozay.com//