fbpx

Business Ethics

Business Ethics

Business Ethics

Part One

Part A: Profit Maximization Model

            Companies operate on many ethical models. One such model is the profit maximization model, which is founded on the old corporate paradigm of continuous growth and development; it focuses on the need to maximize the wealth of shareholders. Another model is shareholder wealth maximization model, which is premised on the empirical view that securities and markets often include ethical and social responsibility issues (Clarke and Friedman, 2). However, the profit maximization model furthers the idea that businesses should operate solely with the purpose of meeting the profiteering needs of its shareholders, even though other stakeholders might be disadvantaged. The purpose of profit maximization is conceptualized within the macroeconomic environment in which there are no uncertainties. The decision-makers of a business are owners of the company. The capital stocks are fixed and the business managers’ work is to follow the instructions of the owners without regard to their welfare. Moreover, the overall success of a business is still assessed through the prism of the old paradigm of continuous development and maximized return-on-investment. This mentality influences business organizations to undertake expansions of their brands at both local and international levels. In the process, they seek to compete with community-based businesses across the entire nation. Furthermore, they internationalize their activities without necessarily benefiting members of the social system. Ultimately, even progressive and developmental corporations are compelled to select undesirable exit approaches whenever they become too large for the purchases of employees, family members, or neighboring investments with commitments to the local communities.

B. The Balanced Model

            Unlike the profit maximization model, the balanced model operates on the idea that businesses should benefit all stakeholders, even though shareholders may experience losses. This approach deviates from the traditional role of companies as profit-making institutions. Most companies that operate under this model are humanitarian institutions and non-profit-making organizations (Lya et al. 13). This is especially the case when the firms are on philanthropic missions. As such, this ethical CSR model proposes the idea that the local living economic system should be supported. Although there has been a significant study on the tasks that are being delivered to introduce radical changes to the corporate system by different customer groups and organizations, there has been a significant call by concerned shareholders to consider the importance of societal members in the business environment

Best of Both Worlds Model

            The third CSR ethical model proposes a situation in which all stakeholders parties involved in business stand to benefit from business. This model is premised on the idea that no one should be left behind or overlooked in any process of decision making.  As such, the all-encompassing model proposes an ideal situation in which everyone has a positive future (Wicks 3). Contrary to the widely held public view, this model holds that corporations and independent organizations are at liberty to make decisions in the interests of all stakeholders. In view of the above, local business owners are likely to gain an understanding of the idea that it is in their self-interest to operate their organizations in ways that benefit their own neighborhoods and the natural environment. This process goes a long way in ensuring that no party is left behind in the decision-making process. Many economists have attempted to conceptualize a business system in which all parties stand to benefit. One such theorist is dam Smith who conceptualized the theory of invisible hand (Wicks 3). This theory is instrumental in providing insights into how many markets operate in support of the positive perspective of CSR. The invisible hand theory supposes that both the business and market environments should work in a way that meets the self-interests of all interested parties in the investment.

The organizational internationalization of unsustainable western culture has resulted in taking more natural resources and giving off more pollution than the earth can restore. This culture is spreading across different parts of the planet. Consequently, organizational monoculture does not provide sense and justification of place. Usually, the same chain stores and consumer commodities are observed to be dominant across different parts of the world. At the coal levels, locally owned investments such as bookstores and coffee shops provide every town and city a distinct local character. Family-owned hardware stores, drugstores, and departmental trees offer personal relationships, quality employment opportunities, and civic engagements that are often lacking in national and international chains (Wicks 3). In situations in which local economies thrive, diversity tends to blossom in an organization. Thus, local languages are conserved, implying that what is indigenous to an area is valued for its level of individuality. In such situations, the distinct local products are often traded in intricate international webs of small to small or win to win relationships.

Part Two

  1. Implicit Bias

            Also commonly referred to as implicit social cognition, implicit biases are brought about by the perceptions and attitudes of people that affect their understanding, decisions and actions in unconscious ways. Within the context of business environment, such biases are comprised of the extension of both favorable and unfavorable evaluations of people (Pritlove et al. 502). In many situations, implicit biases occur involuntarily by people because of certain values that are extended to various races and ethnic groups within the United States and other parts of the world. When organizational members deal with their colleagues or customers, cases of implicit biases may occur on a regular basis. For instance, in one of her experiences with implicit biases, Camille Jackson narrates how a history lesson on slavery increased people’s biases towards her because of her skin color. According to Jackson, the mere fact that she was a black student in the middle of an entire group of majority of white learners made it unbearable for her to participate in class because some students would use her as the point of reference whenever the subject of slavery was mentioned.

            While this problem took place in an ordinary American learning environment, Jackson observes that implicit biases still occur even in the workplace. For instance, Jackson recounts the experiences that she had when she realized that she was the only black employee in a white dominated corporate environment. Sometimes, her performance would be valued for being black in a sea of whiteness. These culturally-unfriendly working environment and climate made it difficult to address the problems of biases that might emerge in case prejudices take place. For instance, being the only black person in a crowd of white colleagues would sometimes be frustrating because it would be difficult to report cases of discrimination or harassments that would be extended to her. Therefore, Jackson proposes a diverse working environment in which everyone supports each other.

  • The Addictive Nature of Money

            The pursuit of financial resources is one of the leading causes of corporate malpractices. Companies may seek to maximize profit but cut costs required to compensate employees. Moreover, corporate leaders and decision-makers may decide to award themselves with hefty salary packages at the expense of both lower-level employees and shareholders who deserve to be given their shares of the profits gained. In their criticism of money-oriented bailouts and motivational programs, Bevilacqua and Singh caution that money has the same addictive effects on human beings as drugs and sex (22). The the commonly unexpected challenges associated with many pay-for-performance programs is that they can potentially be more efficacious than expected by their developers. In the contemporary money-oriented society in which money may generate the same  effects as drugs or sex, the unanticipated effects of financial performance plans that reward recommended behaviors with cash has increased than expected. Polk states that people clamor for more and more money even though they may not have a lot of bills to settle (2). Since money serves as an incentive, it is distinctively positioned to adversely affect behaviors in ways that are unexpected.

  • Materialism

            The modern popular culture places a lot of emphases on primitive accumulation of wealth. However, as DeAngelis cautions, the material nature of human beings can potentially result in unhappiness and dissatisfaction with the self (52). The feelings of financial and emotional insecurities are the leading causes of materialistic cravings. The materialist nature of human begins can be observed in the way that corporate executives seek to amass money. According to Holmberg, CEOs still get huge bundles of salaries while subordinates’ payment cannot sustain their basic living. Therefore, organizations should enact policies to safeguard others from losses that stem from the self-seeking nature of corporate heads.

Works Cited

DeAngelis, Tori. “Consumerism and its discontents.” (2015), pp. 52-56.

Clarke, Clifton, and Hershey H. Friedman. “‘Maximizing Shareholder Value’: A Theory Run

Amok.” Clarke, Clifton & Friedman, HH (2016). Maximizing shareholder value: A

theory run amok. i-manager’s Journal on Management, vol. 10, 4 (2016), pp. 45-60.

Holmberg, Susan. “Beyond Fairness: Skyrocketing CEO Pay Is Bad for Our Economy.”

(2015), pp. 1-10.

Jackson, Camille. “The Only One: Being Black in the White Working World.” (n.d), pp.1-6.

Lyra, Franciane Reinert, et al. “Corporate social responsibility: comparing different

models.” Social Responsibility Journal, vol. 13, no.4 (2017), pp. 728-742.

Martin Bevilacqua, Christine, and Parbudyal Singh. “Pay for Performance—Panacea or

Pandora’s box? Revisiting an old debate in the current economic

environment.” Compensation & Benefits Review, vol. 41, no. 5 (2009), pp. 20-26.

Polk, Sam. “For the Love of Money”. (2014), pp. 1-7

Pritlove, Cheryl, et al. “The good, the bad, and the ugly of implicit bias.” The Lancet vol. 393,     no. 10171 (2019), pp. 502-504.

Wicks, Judy. “Local living economies: the new movement for responsible

business.” Bellingham, WA: Business Alliance for Local Living Economies (2002).

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Tired of Guidelines or Lack Time to Work on Your Paper, Get Original Custom Research Paper Writing Service

Thecustomwriting.com research paper writing service has saved thousands of students from stressful college life. Writing a custom research paper may be challenging, considering it has to be plagiarism-free. And it is better not to do your project than to hand in plagiarized work or hurriedly complete it if you do not have time.

Academic integrity is so vital that you may get a suspension or an expulsion because of a copy-pasted work. Writing a custom research paper requires research and writing skills to produce original content. Here are essential things to know about getting the best and legit assignments help websites.

Perfection is vital

Every website will promise you that they produce high-quality work. However, you put your money for your end-of-semester paper only to get a pass. You must learn how to identify the best writing service before committing.

Thecustomwriting.com produces quality content at all times. Rather than a quality promise, quality assurance is what you should consider before hiring a research writer. Best writing services are reliable. You don't want to partner with a cheap research paper writing service that will deliver poorly written essays hours after the due date.

Quality writers are part of the best writing service. A company that has untrained writers will fail you. Before committing, ensure that the people who will write your paper are academicians and professionals. It would help if you had a writer who will be prompt to respond to your questions and follow instructions. Writers who do not fear to ask for clarification where they don't understand are the best for you.

Beware of Scammers Posing to Provide Custom Research Paper Writing Service

It may take time and effort to find a legit custom research paper writing service. Most of the websites claiming to offer writing service trades your paper with another student. For example, if you order your paper today to submit it next week, you may find that another student has already handed over the same document.

Your money is gone, you have no paper to submit, and the deadline is in two hours. You can only sit and cook up some stories for your lecturer. Otherwise, wait for a penalty or suspension.

Others will give you half-baked papers in the name of cheap essays. Apart from reselling your paper, some companies will offer you copy-pasted work. If you don't have tools such as Turnitin or Copyscape to check plagiarism, you may find yourself in the dean's office explaining why you copied your work from the internet word-to-word.

We offer one of the best research paper writing services in the USA and the U.K.

You won’t regret choosing Thecustomwriting.com to handle your research. Your project is an essential part of your academic work. It determines whether you will move on to the next semester or if your name will appear on the graduation list. Do not gamble your education by hiring any cheap essay writing website you find on the internet. Look for a custom research paper writing service reviews before commit.

Avoid scandals by hiring Thecustomwriting.com. Count yourself lucky if you are reading this article. You are in the right direction in finding the writing service for your paper. Though many websites could have frustrated you, Thecustomwriting.com is committed to providing you with reliable service for your paper.

Thecustomwriting.com offers quality services at affordable prices, and they deliver your work on time. They have native English writers that write your paper using the correct language.

Plagiarism Free Custom Research Paper Writing Service

Our writers understand the seriousness of writing plagiarized papers. Every institution has regulations that govern how a research project is conducted. Universities and colleges take plagiarism as gross misconduct. The best writing services are those that will deliver plagiarism-free papers.

Plagiarism involves, among others, copying a published work and delivering it to your lecturer as your own without acknowledging the sources.

Another way your work can be plagiarized is the failure to include the source of your content in a research paper. If you are using someone's thought, you need to include a reference and in-text citations to show that you are using another scholars' worker.

It's a gross mistake to write a five-page paper without a single source unless the paper's nature does not require you to rely on any sources. Here are some tips our writers use to avoid accidental plagiarism:

  • Cite direct quotes, statistics, and paraphrased content.
  • Ensure that all in-text citations are included in the biography and vice versa.
  • Directly quoting not more than 2% of the paper, if quoting is necessary (some papers are exempted from this rule, especially literature).
  • Stick to high authority, scholarly sources. Our writers will hardly paraphrase content from third party blogs and other questionable sites.
  • Consider Buying A Custom Research Paper from Thecustomwriting.Com

    Consider hiring an expert essay writer if you are not sure about your capabilities. Referencing and citations can be challenging, especially if you try to do it for the first time. It's even harder when your lecturer asks you to use a hard referencing style. For example, Harvard requires you to include page numbers, dates, and the author's name in the text. If you have several papers with a strict deadline, you should consider hiring a custom research paper writing service to help you work on your essays.

    However, ensure the website you want to hire offers legit writing service. A good website should at least charge for its services. You will find many websites willing to provide you with free services. No one is that idle to sit and write a paper for free. Sites that provide free or cheap services hooks you when you least expect.

    Also, consider the price of writing a paper. Though cheap essays are of low quality, other sites may have inflated prices for their rate, making you needlessly break your bank.

    Thecustomwriting.com understands the need for a fair and reasonable price for most students. We know that most students need service, but they do not have enough resources. We, therefore, offer quality service that you can afford.

    Benefits of using custom research paper writing service

    If this is your first time considering using a custom writing service, the first thing is to know why taking such an action is the best. Choosing Thecustomwriting.com ensures professional writers handle your paper. Letting a qualified person handle your project can boost your grade. You cannot afford to fail in the upcoming end-of-semester project. In any case, your progress to the next level will be determined by how well you perform in your essay.

    Thecustomwriting.com ensures the timely delivery of your work. The good thing about legit essay writers is that they can write your essay within the shortest time possible, with one page taking up to one hour at most. It doesn't matter what time you want your work done: Thecustomwriting.com is always ready for a task.

    We will give you a paper written explicitly for you. We will ensure that your paper is not delivered to someone else.

    Come to think of this; if five of your classmates decide to order an essay for the same class, five writers will be assigned to work on different papers instead of paraphrasing one paper and sending it to five of you.

    Frequently Asked Questions (FAQ)

    Do subject specialist writers handle my research paper?

    It's our responsibility to ensure that someone from your field handles your paper. Our company has enough writers from every discipline. We provide only a research writer qualified in your subject to handle your paper. After placing an order, the first step is to screen the question and requirement and match it with the best writer. The less qualified writer has a college diploma, and they only handle high school papers. All other writers are bachelor, masters, and PhD degree holders.

    Are your researchers qualified enough to know the core of the research?

    We commit to quality content. We understand that failure to deliver quality service will result in the loss of clients. Therefore, we only hire qualified writers who have an in-depth understanding of your paper. Whether you want quantitative research done using Chi-square or qualitative research, Thecustomwriting.com’s writers will comfortably handle any discipline or type of paper. Besides, we offer research paper service from college to PhD. Therefore, we cannot afford to have unqualified writers. Our researchers take every instruction keenly when writing your essay.

    Should I worry about order placement?

    There is nothing to worry about placing your order. Our platform has a simple, user-friendly interface that enables you to navigate to different functionalities with ease. We offer quality custom research paper writing services; thus, you don't have to worry about getting value for your money. Besides, you can track your order's progress. Our system progressively send you email notifications regarding every stage of your orders' progress; thus, you don't even have to log in to track down your order. You will also see the progress on the dashboard when you log in. Moreover, our support team will contact you when the writer needs any clarification.

    Can I have direct communication with the writer after the order placement?

    Our system is designed in such a way that it allows you to communicate with your writer directly. We understand the need to clarify things yourself to the writer. Furthermore, our support team is available 24 hours to ensure that urgent matters are communicated swiftly with the writer.

    Will I get any discount on recommendation?

    The answer is yes. We value your efforts and trust to recommend us to your friends. We will offer you a discount on your next order if a client mentions your email when placing an order.

    What guarantees should customers look for?

    We have a written list of what we guarantee our clients in our terms. We guarantee the quality, confidentiality, free revision, original content, and timely delivery. We also guarantee money-back if, in the unlikely event, you are not happy with the quality of the paper.

    What makes a reliable writing company?

    It's easy to know a reputable company. First, they are transparent about their services. They offer multiple methods of communication and have qualified writers. Most importantly, they deliver your work on time, deliver original content, and honour what they have guaranteed.

    Why should customers not opt for cheap essay writing services?

    Cheap essay services will only waste your time. They have foreign writers who will produce plagiarized content full of grammar errors. You will waste your precious time waiting for a paper that you can't give your lecturer.

    Is buying essays online safe?

    It's safe to buy your essay if you take the right precaution. Before putting your money on a strange site, explore the website to see whether you will get customer reviews. They will help you make the right decision.

    How do I hire someone to write an essay for me?

    These are common questions with most clients. It's effortless to get a professional writer. The first step is to identify a custom research paper writing service that is legit and sign up. After that, they will guide you on how to place your order and get a writer. Some companies will allow you to choose a writer for yourself or choose a writer for you.

    What types of writing services can I order online?

    Our website offers a variety of legit essay services. We provide any academic assistance, including research projects, assignments, and admission letters. Visit our website to see what each service entails.

    What benefits and additional features do Thecustomwriting.com services offer?

    We offer several free services to our customers. We offer free revision, a discount on your first order, and free pages such as references and cover pages. Also, we have a quality control department that ensures that all papers are of high quality before delivering them to you.

    Do websites maintain your privacy? Are orders secured?

    Your privacy is our top priority. You will be recognized by your I.D. assigned to you after signup instead of your name. The only person who can access your account is you or anyone else you give your password. Your payment is through a third party. Therefore, your personal information will never reach our site without your consent.

    What are the pros of ordering from custom writing services?

    You get quality papers. We have writers with decades of experience delivering quality papers worth the client's money and much more. We understand your power to influence our progress. Your paper will be delivered on time and written by professional writers.

    Hire a professional writer

    Now that you know what to look for when considering the custom research paper writing services, it's time to try us. Sign up and get a discount on your first order. You don't have to worry about quality, timely delivery, and price. We know they are essential to you.

    Calculate your order
    Pages (275 words)
    Standard price: $0.00
    Client Reviews
    4.9
    Sitejabber
    4.6
    Trustpilot
    4.8
    Our Guarantees
    100% Confidentiality
    Information about customers is confidential and never disclosed to third parties.
    Original Writing
    We complete all papers from scratch. You can get a plagiarism report.
    Timely Delivery
    No missed deadlines – 97% of assignments are completed in time.
    Money Back
    If you're confident that a writer didn't follow your order details, ask for a refund.

    Calculate the price of your order

    You will get a personal manager and a discount.
    We'll send you the first draft for approval by at
    Total price:
    $0.00
    Power up Your Academic Success with the
    Team of Professionals. We’ve Got Your Back.
    Power up Your Study Success with Experts We’ve Got Your Back.