Business Ethics Research Paper Example | Topics and Well Written Essays - 2500 words

Business Ethics - Research Paper Example In order to gets acceptance from the government as well as the bodies controlling policies and laws, organizations have to accept and follow certain rules and regulations and maintain certain standards in the work process. A collaborative study of these regulations, laws and issues can be termed as business ethics. Ethics is always concerned with the moral judgment of business. Every business or organization expects to be in the good books of the government as well as regulatory bodies. Decisions in an organization are taken by higher management but these decisions are always influenced by the culture of the company as well as the external environment in which the company operates. Involving in ethical process might seem difficult and lead to cutting down of short-term profits, but it is very essential for a successful and sustainable long term growth of the organization (Chang, 2011). Companies can significantly benefit from positive corporate social responsibility and ethical behav ior; Customers are attracted to the products and services of the firm, thus, profits and sales get a boost. Employee perception towards the organization becomes positive and loyalty increases. Thus, there is a decrease in labor turnover and overall increase in productivity. As a result of the positive perception growing popularity of the organization, skilled talents are attracted and recruitment costs are reduced significantly. The share price of the company increases and investors are constantly attracted and business is always in growth phase. TOYOTA COMPANY Toyota is one of the largest automaker in the world, headquartered at Toyota, Japan. In terms of revenue, Toyota is the eleventh largest corporation worldwide. The company was founded in 1927 and deals with the manufacturing and production of commercial vehicles, automobiles, engines and motorcycles (Toyota, 2013a). Apart from global leadership in vehicle manufacturing, the company is known for its participation in ecological campaigns and sustainable environment issues. The company believes in theory and practice of sustainable development. Toyota practices total quality management in all its operations. The objectives are to least impact the environment. For creating a sustainable environment, the company has established a plantation programes (Toyota, 2013e). Apart from this, the company is involved in many ecological campaigns and environmental management programes. The organization has been awarded with various awards such as Green Awards (Toyota, 2013d). ETHICS AT TOYOTA Toyota is one of the well recognized conglomerates worldwide. It is imperative that the organization maintains a record of all its transactions and business acts. In this regards, proper maintenance of ethical behavior in the organization is critically important. Quality and ethics are the benchmark for the sustainability of the organization as well as growth and development of the supply chain and other important department of To yota (Toyota, 2013b). Both play a crucial role in the strategic plan of the company. Since it is a vehicle manufacturing company, safety of the consumers will be the top-most priority while designing and manufacturing products. On a broader term, the business ethics for the company can be applied in three major areas; designing and man

Debate and team paper Essay Example | Topics and Well Written Essays - 500 words

Debate and team paper - Essay Example This grows the country’s economy significantly. This paper will review some of the advantages of tourism on both the political and economic front. The political situation in the Philippines is questionable at the moment. However, the government supports tourism since they benefit from all the foreign capital that flows into the country (Lumang, 2008). Some of the political class that supports tourism offer the tourists with accommodation during their stay. It is tantamount that the political class be involved. This is because they offer comfort to all those that wish to travel to the Philippines for holiday, and business. There are establishments run by politicians which offer tourists with the best services, hence providing them with a chance to host more tourists in a year. Another advantage that comes with tourism for the political front is the laws that are in place that promote tourism as an investment. There are laws still being passed in parliament for there to be tourist zones. This means that politicians will push for the building of restaurants, resorts, and hotels to benefit the tourists. The proposed laws also offer incentives to potential investors since they offer the exemption of duties placed on some goods and services (Lumang, 2008). Investors may want to bring their capital to the Philippines since it is profitable. Tourism is raking in billions of dollars into the country. In the near future, it is evident tourism will be responsible for the direct employment of more than four million Filipinos in the country (Lumang, 2008). The Philippines is marketing itself as the preferred destination for all foreign nationals. If people are willing to invest in the country, it is only a matter of time before the country realizes some of its most desired dreams. As many people are retiring to the Philippines, it is offering a new variety of amenities for them.