What is business Ethics? Business ethics is taught by Madan Rose Ogboche in my program. She enlightens us on how to run a business thinking about sustanability and the ethical sides of a business. we have read over 10 cases .
1) Green forest Incoporated.
2.) The case of Cynthia Coper (The whistle blower)
3.) Gogo Nigeria Limited
4.) Marks and Spenser
5.) South west Airlines Organisational culture
6.)Kate Osa and Mr kilo
7.)News to the world (Phone hacking)
9.) Adoboli at USB
Case studies have learnt to enlighten me. Case studies are an essential tool for a business analyst to demonstrate their abilities to peers, possible employers, clients, and others. Case studies are useful in the study of business ethics when they show how moral standards have changed over time, provide fresh moral insight, or show how environmental circumstances can create moral ambiguity. By defining permissible practices outside of the purview of the state, business ethics strengthen the law. Businesses construct business ethics to encourage moral behavior among their workforce and win over important constituencies like customers and investors. Profit maximization is one of several goals that businesses must strive for while still upholding their social and other duties. The strength of legal and business regulation, as well as human characteristics like ethnicity, gender, level of education, and socio-cultural environment, may all have an impact on business ethics. Business ethics differ from country to country and are related to both national and global perspectives. The pursuit of profit and the exercise of ethical behavior in business are frequently at odds with one another since managers want profit to maximize returns to investors and frequently to maximize their own self-interest. Businesses are dynamic, which means that outside influences may affect them. A business case study explains how a specific company handled a special circumstance. By studying them, other organizations might gain knowledge about what might occur, how to react, or how not to react, in similar circumstances.
Porter’s Five Forces in Business Case Studies
A technique for assessing a company’s competitive environment is called Porter’s Five Forces. It identifies and examines the following five competitive factors that impact the market:
Threat of replacements.