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Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper.
Ethics violations, safety issues, security issues, a lack of sustainability, poor quality, and lack of or unethical innovation can all cause reputational damage if they become known. [ 2 ] Reputational damage can result from an adverse or potentially criminal event, regardless of whether the company is directly responsible for said event (as ...
There are numerous mechanisms to prevent or at least limit double marginalization. These include, among others, the following. Vertical integration: In the case of double marginalization, both firms within the same supply chain are increasing their prices beyond their marginal costs which create deadweight losses.
Basic impact calculus arguments may be made at any time and are generally not considered "new" arguments, even if brought up for the first time in the 2NR or 2AR. More sophisticated forms of impact calculus should generally be brought up earlier in the debate and supported by evidence whenever possible. [citation needed]
Examples of a company's internal and external stakeholders Protesting students invoking stakeholder theory at Shimer College in 2010. The stakeholder theory is a theory of organizational management and business ethics that accounts for multiple constituencies impacted by business entities like employees, suppliers, local communities, creditors, and others. [1]
Impact bonds: These unique financial instruments offer investors the opportunity to finance social programs with the expectation of receiving a financial return if the program achieves its goals ...
The term 'due diligence' was originally put forward in this context by UN Special Representative for Human Rights and Business John Ruggie, who used it as an umbrella to cover the steps and processes by which a company understands, monitors and mitigates its human rights impacts. Human Rights Impact Assessment is a component of this.
A formal philosophy of ethical calculus is a development in the study of ethics, combining elements of natural selection, self-organizing systems, emergence, and algorithm theory. According to ethical calculus, the most ethical course of action in a situation is an absolute, but rather than being based on a static ethical code, the ethical code ...