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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. [citation needed]
The strawman is not expected to be the last word; it is refined until a final model or document is obtained that resolves all issues concerning the scope and nature of the project. In this context, a strawman can take the form of an outline, [ 13 ] a set of charts, a presentation, or a paper.
The business model canvas is a strategic management template used for developing new business models and documenting existing ones. [2] [3] It offers a visual chart with elements describing a firm's or product's value proposition, [4] infrastructure, customers, and finances, [1] assisting businesses to align their activities by illustrating potential trade-offs.
This same picture is mirrored, albeit in a patchy way, across US state administrations. Altogether the US model of Public sector ethics has become highly regulated and, some would say, cumbersome. [2] Government officials serve the people, managing the resources of others.
Another method of disengagement is through disregard or misrepresentation of the consequences of action. When someone decides to pursue an activity harmful to others for personal advantage, or as a result of impact by social stimulus, they generally either minimize the harm they have caused or attempt to avoid facing it.
Unfair business practices (also Unfair Commercial Practices) describes a set of practices by businesses which are considered unfair, and which may be unlawful. It includes practices which are covered by other areas of law, such as fraud , misrepresentation , and oppressive or unconscionable contract terms.
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As more economies have embraced free markets and deregulation, the power and autonomy of corporations have grown. Opponents of corporate globalization believe that governments need greater powers to control the market, limit or reduce corporate power, and eliminate rising income inequality. [ 1 ]