PHI-401 Final
PHI-401 Final
Submitted By
Name ID
Nizamul Karim 1721651030
Letter of Transmittal
Dear sir,
The project has been completed by the knowledge that we have gathered from the course . We
are grateful to all those persons who provided us important information and gave us valuable
advices. We would be happy if you read the project carefully and we will be trying to answer all
the questions that you have about this project.
We have tried our best to complete this project meaningfully and correctly. We do believe that
our tiresome effort will help you to get ahead with this sort of project. However, if you need
any assistance in interpreting this project please contact us without any kind of hesitation.
Yours obediently,
Nizamul Karim
Do you think that people who make unethical decisions are inherently bad? Are there any
other reasons that can expedite ethical problems in business?
I do think people see themselves as more ethical than they really are. Tons of people make
unethical decisions for many reasons. I think that sometimes if a person makes a lot of unethical
decisions then they may not even notice they do it. If all their unethical decisions are small like
white lies or the bending of rules, they probably don’t recognize those as being unethical and
therefore don’t see themselves as unethical people. I believe this is the case for most people. I
also believe it can be quite hard for some to admit a wrong doing. Half the people who make
unethical decisions most likely know of it but wouldn’t admit to it. I personally know I make
unethical decisions such as white lies, the bending of rules, and gossiping sometimes. I can admit
to my unethical decisions but at the same time I try to justify them. I always have an actual
reason as to why I lied or bent a rule.
What factors make the workplace dehumanized and how can such places be rehumanized?
Brought tremendous efficiencies and material wealth, but have also created the prospect of a
dehumanised and deskilled workplace
‘job enlargement’
‘job enrichment’
Suggested that ‘humanized’ approach might be more appropriate and effective in some
cultures (e.g. Scandinavia) than others
Large numbers of unemployed people becomes the norm in many countries due to
mechanisation
This threatens:
Right to work
Social fabric of particular communities
From sustainability perspective: ensure that what work exists is shared out more equitably
Gained attention in late 2000s; part of broader debate on restructuring economies to be more
sustainable
Car-pooling
Paperless office
Home-based teleworking
Corporate accountability refers to whether a corporation is answerable in some way for the
consequences of its actions
Firms have begun to take on the role of ‘political’ actors – taken up many of the functions
previously undertaken by government because:
Governmental failure
Increasing power and influence of corporations
Government failure
Rise of ‘subpolitics’
‘Organized irresponsibility’
Liberalization and deregulation results in more power and choice for private actors
Globalization
On the other hand, European scholars have recently promoted an understanding of corporate
social responsibility (CSR) emphasizing that firms often assume a political role because they
increasingly provide public goods and become involved in multi-actor governance processes
The author attributes this change in the role of the corporation to the increasing concentration
of economic activity and power in a few corporations which has resulted in 1) a few companies
having a very large impact on society, 2) corporations and influential actors which are easier to
locate, and 3) increasing separation of ownership and control. These events have led to what
scholars Berle and Means (1932) predicted more than 80 years ago: both owners and "the
control" accepting public interest as the objective of the corporation. Further research on the
topics outlined in this paper may increase our understanding of corporate behavior and the role
of these corporations in society. Key concepts include:
The role of the corporation in society can be a function of the broader economic, social, and
political context and as a result evolves over time.
Increasing corporate engagement on environmental and social goals has redefined the relation
between business and society. It remains to be seen whether this trend will continue.
he role of governments in business and society (B&S) research remains underexplored. The
generally accepted principle of voluntarism, which frames responsible business conduct as an
unregulated subject under managerial discretion, accounts for this gap. Paradoxically, there are
sufficient acknowledgments in academia and practice on different roles of governments. The
present article identifies three broad topics for research, addressing (a) the paradox between
the principle of voluntarism and the role of This study indicates that the principle of
voluntarism remains, despite the broad variety of research related to the role of government in
B&S. In addition, the identified content provides deeper insight into the mechanisms of
government intervention and on the boundaries of governments in the B&S discourse. This
article then provides a summary of the other three research articles included in this special
research forum, with a contribution oriented toward the latter two research avenues posited.
4. Discuss the rights and duties of an employee of a corporation.
Extensive legislation
Regulation reluctant
Blurred line between harassment on one hand and ‘joking’ on the other
Affirmative action (AA) programmes: deliberately attempt to target those who might be
currently under-represented in the workforce
Recruitment policies
Recognition that employees might be more than just human ‘resources’ but should also have a
certain degree of influence on their tasks, job environments, and company goals – right to
participation
Financial participation – allows employee share in the ownership or income of the corporation
Delegation
Information
Consultation
Codetermination
Potential to do harm
Level of performance
Despite these criticisms, such tests have increasingly come common in the US
Physical privacy
Social privacy
Informational privacy
Psychological privacy
In some cases, people suffer reverse discrimination because AA policies prefer certain
minorities
Distributive justice: rewards such as job and pay should be allocated fairly among all groups
(Beauchamp 1997)
Increasingly relevant as technology advances and electronic ‘life’ becomes more important
Data protection
Right to know well ahead of the actual point of the redundancy that their job is on the line
Another way of saying that management can do what it wants? (Legge, 1998)
Potential for:
Increased insecurity
Lower pay
Manufacturers ought to exercise due care in establishing that all reasonable steps are taken to
ensure that their products are free from defects and safe to use (Boatright, 2009: 295)
Safety also a function of the consumer and their actions and precautions
Individual
Concerned with misleading or deceptive practices that seek to create false beliefs about
specific products or companies in the individual’s consumers’ mind
Social
Concerned with the aggregate social and cultural impacts, such as promoting materialism
“Deception occurs when a marketing communication either creates, or takes advantage of, a
false belief that substantially interferes with the ability of people to make rational consumer
choices” (Boatright, 2009: 285)
The UK’s Advertising Standards Authority says ads should be “legal, decent, honest and
truthful”
Such criticisms have been common for at least the last 30 years
Pricing issues are central to the notion of a fair exchange between the two parties, and the
right to a fair price - key rights of consumers as stakeholders
Excessive pricing
Price fixing
Predatory pricing
Deceptive pricing
Concerned with relations between manufacturers and firms, and firms and market
Example: retailers demanding ‘slotting fees’ from manufacturers in order to stock their
products
Dealt with in detail next chapter
Criticisms when there is a perceived violation of the consumers right to be treated fairly (duty
of care):
Too young
Criticisms when there is a perceived violation of the consumers right to be treated fairly (duty
of care):
Too young
Perceived harmfulness of the product