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Business Ethics - Science topic
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Questions related to Business Ethics
It is well-known that universities are now able to benefit extensively from the collection of the increasing volumes of student information, for example, to better know the students and to enhance student success and academic performance (thus, reducing significantly the drop-out rates), by means of investing more and more in Big Data projects. BUT: What about the “privacy of personal information” and the way this information can and should be used for the betterment of the students?
In order to start a scientific career it is necessary to be involved in research projects and publications. How's that possible for an undergraduate student doing a masters degree in Business Ethics & Responsible Management planning on doing a PhD abroad? Unfortunately, I didn't have much access to information through my university so far.
I am busy with my doctoral studies about the above topic. For my studies I need to interview people with knowledge about the sharing economy. I am looking for suggestions about where to find people. The interview will take about 30-45 minutes and people need to complete a short questionnaire.
Thank you
What kind of scientific research dominate in the field of Ethics and good practices in business?
Please, provide your suggestions for a question, problem or research thesis in the issues: Ethics and good practices in business.
Please reply.
I invite you to the discussion
Best wishes
The improvement of specific risk management systems is particularly important in many areas of functioning of commercial business entities, financial institutions, public institutions as well as conducting investment, research and other projects.
How important is this is, for example, the global financial crisis that appeared in mid-September 2008, when specific financial, investment and credit risk management systems were not properly improved and the procedures of investment activity, including credit, were not carried out reliably, as well as customer service, and violation of business ethics in investment banks operating at the time and many other types of financial institutions and business entities.
please reply
Dear Colleagues and Friends from RG
The key aspects and determinants of applications of data processing technologies in Big Data database systems are described in the following publications:
I invite you to discussion and cooperation.
Thank you very much
Best wishes
Dear Reader(s),
I wish to collect data from frontline workers in hospitals. Each time I read a published paper on the hospital industry, it includes an approval number for human participation.
I too working on an idea that will require me to collect data from frontline doctors and that's quite obvious that during the submission process in a journal, the journal will require me to submit an ethics statement. Therefore, kindly share your understanding of this query and guide me to deal with this matter.
Note: My participants belong to Pakistan's public and private hospitals and the study relies on a questionnaire survey (quantitative/time-lagged cross-sectional). Besides, no personal information will be revealed to anyone.
The Principles of the GRI are:
Reporting Principles for defining report content
Stakeholder Inclusiveness
Sustainability Context
Materiality
Completeness
Reporting Principles for defining report quality
Accuracy
Balance
Clarity
Comparability
Reliability
Timeliness
They were created to help companies raise the quality of their non-financial reporting/sustainability reporting. Are there studies which use them or proxies related to them to measure the quality of the non-financial reporting/sustainability reporting in a qualitative and/or quantitative way?
Source for the GRI Principles
GRI 101: Foundation
this is in regards to business ethics
It is natural that employees can have emotional effort as well as physical and cognitive effort. Emotional labor—the effort required to manage one's feelings or emotions at work—plays a significant part in many occupations.
Employees’ emotional efforts that are in harmony with business ethics can be defined as emotional labor. Evaluating emotional labor based on business ethics seeks to enable managers to reduce the negative consequences of emotional labor while preserving the positive ones.
Surface acting does not involve real feelings. It depends on fake emotional presentations. Therefore, surface acting can be evaluated as unethical emotional efforts. As a result, these fake emotional presentations can not be accepted as emotional labor.
Öngöre's findings (2019, 2020) showed that natural emotions do not cause emotional exhaustion (burnout), while surface acting causes emotional exhaustion. Meanwhile, natural feelings causes vigor and dedication (work engagement).
References:
Öngöre, Ö. (2016). A theoretical study about the place and value of emotional labor in working life, Atatürk University Journal of Economics & Administrative Sciences, 30(5), 1161-1177.
Öngöre, Ö. (2019). Determining the Effect of Emotional Labor on Work Engagement: Service-Sector Employees in Private Enterprises. Turkish Journal of Business Ethics, 12(1), 126-134.
Öngöre, Ö. (2020). Evaluating emotional labor: A new approach. Global Business and Organizational Excellence, 39, (4):35–44.
How did tobacco and soda companies employ Corporate Social Responsibility? In these industries, has CSR become a greenwashing tool?
According to what methodological assumptions should ethics principles shaping advertising activity on the Internet be developed?
Certain principles of the ethics of advertising on the Internet should be developed, recognized and applied by companies, internet technology concerns operating in advertising. The principles of ethics in the conduct of marketing activities, including the implementation of specific advertising campaigns, the creation of specific advertising instruments should be developed taking into account the expectations of consumers of the products and services advertised.
The application of ethics in advertising through online technology companies operating in advertising should lead to improvement of the standards of advertising campaigns carried out, including to improve the image of both advertising companies conducting specific advertising campaigns on the Internet and improving the image of other entities involved in marketing.
Therefore, also producers and service providers of advertised products and services may also notice an increase in financial revenues resulting from the increase in sales of the advertised offer in a situation where the receipt of advertisements, specific spots, films, banner ads will improve from the point of view of the costumers.
In addition, the principles of ethics in advertising should reduce the risk of producing advertising spots with banners and advertising films that will be negatively perceived by consumers that will contain content that is inappropriate, unethical, violating the principles of good taste, defined moral and social, cultural, etc. canons.
Do you agree with me on the above matter?
In the context of the above issues, I am asking you the following question:
According to what methodological assumptions should ethics principles shaping advertising activity on the Internet be developed?
Please reply
I invite you to the discussion
Thank you very much
Best wishes
Researchers know that titles in Web of Science/Scopus indexed and/or listed in ABDC/ABS ranking ensures minimum standard for quality. But even top journals are subject to concern/suppression in the JCR reports whenever wrong practices, excessive self-citation etc. are followed (Ex. Journal of Business Ethics, IEEE Transactions on Applied Superconductivity etc.)
As young researcher/academic what additional parameters (not any metrics)be considered or suggestions before submitting manuscripts to journals ?
I believe the statement: "Controlling greed in the face of unrestricted profit opportunities" as a definition for Business Ethics was attributed to Peter Drucker.
I was recently reading about the two men (brothers) in Tennesee in the USA who stockpiled over 17,000 hand sanitizers, accused of price gouging and how they were 'forced' to donate them.
Is it possible to be a successful wealthy capitalist without being greedy? Can I become a billionaire without greed? In the words of Gorden Gecko: "Greed is good". Is it?
Have the procedures for the development of reports and recommendations by the rating agencies already been improved compared to the situation before the global financial crisis of 2008?
Are the reports and recommendations issued by the rating agencies more honestly developed, in accordance with the principles of business ethics, have the procedures for their development and the objective information policy been improved and still function as before the global financial crisis of 2008?
Please reply
I invite you to the discussion
Thank you very much
Best wishes
Dear all,
I would like to ask the following question and to have your feedback:
What are the moral qualities of a teacher?
Why is it important to teach values?
Many thanks for your attention
Antonio Russo
The consequences of COVID19 may create famine across the globe. More specifically in underdeveloped or least developing countries.
Few unethical business practices may occur such as warehousing, price hiking, artificial supply shortage etc.
Please share your opinions (Actual and expected ethical business practices) based on your own country's present ethical business practices during the tragedy of COVID19 calamity.
I would like to find out about validated questionnaires on Ethics. My research is on Ethics in the Coaching profession and would like to compare my questionnaire to a validated questionnaire in a similar field like: business ethics, ethics in psychology or counseling.
Please provide any ideas or samples if available
In my Business Ethics class, we were having a discussion about what type of people will make better citizens: Ethical people or Law-abiding people. The Discussion was very interesting and I was wonder what your view is on the matter.
We also looked are the possibility of ethical citizens not always being law-abiding...
Colleagues:
I have just been asked by NOVA Publications to edit the book, Business Ethics: Perspectives, Management, and Issues.
What specific topics about Business Ethics do you think merit inclusion in this new book? Do you have an suggestions or ideas that you think would add value for faculty, students, or administrators?
I welcome your suggestions and would enjoy working with any scholars that may wish to contribute a chapter to this volume.
Cam Caldwell
To create a sustainable future, innovations are needed that integrate socio-ethical issues. Responsible innovation provides a method for managing these issues, and tries to ensure that innovation is conducted for and with society. The application of responsible innovation in industry contexts, where many of these innovations are developed, is limited by challenges related to dominant business logics, stakeholder management problems and resource constraints. Open innovation is an approach more commonly employed within industry contexts, which involves activities that overlap with responsible innovation dimensions and practices. This means that open innovation could represent a way to integrate the management of socio-ethical factors into industry contexts in a less disruptive and costly way. I would like to discuss opportunities and barriers to integrate both concepts. We have written a first exploratory article on this topic (see attachment), but I would like to learn from other viewpoints and also other disciplines, as much more conceptual and empirical work is needed.
The concept of sustainable business models contains a paradox, because sustainability involves the reduction of information asymmetries, whereas entrepreneurship involves enhanced and secured levels of information asymmetries. I have written an article on this topic (see attachment) but I would like to discuss this issue with others to learn other viewpoints, solutions and strategies. all feedback is welcome
Today, we are living in a world where technological advances are happening in a pace which has been unprecedented in the entire history. Various technologies and industrial innovations are transforming how humans interact with their environment and with each other.
So, How do you define morality in today's world? What role does it play in our interactions with these new advancements in technology? And most importantly, will it be forgotten in the future or will it be salvational?
I'm looking for case studies involving ethics and business leadership. I will need to dissect collateral situations, problems, issues, etc. I have no problem analyzing this, but I'm looking for "contemporary" cases, not old history. I also do not want to discuss ongoing, current situations.
Do autocratic leaders always amass power through corrupt practices? Is this corruption necessarily financial in nature, or can it be solely political? Is there such thing as a lawful autocrat?
What kind of scientific research dominate in the field of Ethics of banking procedures, Corporate social responsibility?
Please, provide your suggestions for a question, problem or research thesis in the issues: Ethics of banking procedures, Corporate social responsibility.
An example of a research problem to consider:
What role in generating in the investment banking the main risk factors that led to the emergence of the global financial crisis in autumn 2008 was played by unreliable banking procedures and violations of business ethics? Why were these issues not settled and the costs of public aid for bankers rescued from bankruptcy were transferred to society? In view of the above, is a strong banking lobby responsible for unreliable banking procedures and violations of business ethics?
Please reply.
I invite you to the discussion
Thank you very much
Best wishes
give a comment and view that there must be or should be CSR policy for Educational Institute as specially private/Self-Finance.
Investigating the economies of countries in which the social market economy develops in the political system of democracy, economy open to international economic cooperation, knowledge-based economy and technological development, economy in which an important element of the host development is effective shaping of pro-development socio-economic policy and sustainable pro-ecological development, an economy in which various types of commercial enterprises and public institutions are developing, including social economic entities, the issue of effective socio-economic development may be observance of the principles of ethics and high moral standards.
In view of the above, I am asking you:
Can economic policy conducted in accordance with the principles of ethics and high moral standards be the basis for the country's economic success?
Please reply
Best wishes
Is it true and ethical that consumers have to ask their doctors to prescribe particular medicines or particular brands?
The first question indicates towards experience of an individual as an employee and his/her interactions with a peer, senior, boss, or the organization (norms/rules/regulations) itself.
The second question indicates to share various factors that contribute building the perception of employees.
1. Intra-personal level (or individual level)
2. Inter-personal level (e.g., peer level, subordinate level, boss/supervisor level, and organization level)
Preprint Business Ethics
In its discussion of ethics in organizations, Weber rescues two approaches to ethics - that of conviction and responsibility.
The ethic of conviction is interpreted as one that is based on principles and is based on moral and ideal norms. Its justification is due to universal duties, norms and values.
The ethics of responsibility is based on purpose and utilitarianism between purposes and consequences.
Academic dishonesty has been called "a plague and a crisis" and Business School students are apparently worse than all other college and university students in terms of their cheating behavior. Which schools are doing well at changing student behaviors -- or is the issue not considered important? Only one-third of AACSB-accredited business schools even teach a stand-alone Business Ethics course but more than 40% of the top 100 US Business School deans acknowledge that their faculty are unprepared and unqualified to teach ethics "across the curriculum." What's working? Which schools are making a difference . . . and how are they positively affecting student attitudes?
CC
Thirty months ago I thought I would retire and focus on writing. In that time I have worked with many students and co-authored many papers with them to help them in their careers. In fact, in that time I have had forty papers published in academic journals and haIve written five books. I also realized that I had much more to contribute
teaching in the classroom. My PhD was in Organization Behavior and Human Resources and I have published extensively in Business Ethics and Leadership. I would be willing to go virtually anywhere in the world and have taught in Oman, Vietnam, and New Zealand. Any suggestions?
A business phenomena / practice of disposing unsold new product before even usage starts has gained attention lately. Clothing giants like H&M and Burberry have been burning new clothes. Burberry though, promised to abandon this practice. Similarly, Amazon (in Germany) has found to destroy returned unused goods. This unsustainable practice seems to be rather widely used. Is there any academic literature, including interesting empirics, case studies, theorising that has been done to research this phenomena?
The most successful and enduring organisations are also those that give the greatest attention to the well-being of their staff, to their stakeholders, and to their broader social and ethical responsibilities.
How do these factors play a role in the organisation's success, including CSR, corporate governance and business ethics.
Dear All Researchers, This is a new scam. be aware of it. Do not pay them 1$.
Also i wonder why they are doing it? we research community in my humble opinion are regarded in terms of caring of customer info, but scammers are also targeting this.
Anyone doing research on these type of scammers? how to avoid them? this is a totally new technique.
Technique in a scenes, they will not send you an email. It will popup on your browser, while you are searching something.
Most academic journals seem to focus on arcane topics and business ethics journals have apparently gone in that direction. Henry Mintzberg, the highly respected management scholar, suggests that most academic articles published in journals do not pass the "Bill and Barbara Test." (Note: Bill and Barbara are two practitioners to whom he referred academic papers and asked them to comment as to whether those papers had any practical value. See the attached.)
The Journal of Business Ethics used to publish many papers about applied business ethics but under the new editors that journal seems to be more elitist and theoretical in its focus.
Do we need a new Journal of Applied Business Ethics? The Gallup Survey data indicates that trust in leaders of all types is low and that employees rarely have confidence in their leaders anymore.
Dear All
Would you provide me with a framework or model for manual qualitative analysis for business ethics research?
How to simultaneously take into account the environmental, social and economic value of a product during its design?
Third party access concerns users of energy infrastructure. It is established under european guidelines in order to enhance competition and energy security in Europe.
one key criterion is Higher number of good research publication from institute .Getting higher research publication in best journals, is a long time taking and gradual process ?
I am associate professor in Vinod Gupta School of management IIT kharagpur India. In IIT we are running NPTEL MOOC courses . Can we make comparative analysis?. My area of specialization are OB, HR, HR analytics, competency mapping, performance management, business ethics and leadership
I'm trying to develop a research topic that evaluates the influence organizational culture has on accounting ethics in fraudulent and non-fraudulent banking institutions. I was told by my department chair, organizational culture can not be measured. So, the topic need to be modified. Any suggestions?
In which american newspaper I can publish my study:Sundial of the Big Apple City?
Many newspapers in NY just ignore my proposed note.
Can anyone let me know how excessive pay may affect directors performance, please help.
Assuming an upcoming researcher is given a research job aside his area of specialization what is the implication of accepting the offer? Although the researcher will be able to perform excellently in the study or research activity is it ethically allowed?
For instance I was given a qualitative study to compile in Accounting using content analysis, I practically accepted to do that with the mind that as a researcher I am suppose to be versatile- just hope I did the right thing.
Kindly recommend me a scale for measuring social reputation of an employee at his workplace
I have a project I recently completed that requires an outlet for publication. The project was not funded and we have expended so much of our personal resources to bring it this far.
The relationship between Corporate Social Responsibility and Stakeholder. What for? Is it related to Business Ethics?
I'm interested in this topic, CEO and/or corporate activism. For example, Google, Facebook and other tech giants publicly speaking against Trump's Mexico wall, or Airbnb saying that it will offer free housing for refugees and other people in case they are in danger...
More examples: Patagonia with their fight against climate change, or its CEO, Rose Marcario, who is pretty concerned publicly about this subject and speaks a lot about the DAPL.
There is a lot of articles in Harvard Business and other media sites regarding this topic, but I can't find a lot of scientific research about pros/cons for the reputation of the company, etc. I guess it's a very new concept since traditionally the private sector and CEOs have remained outside issues that affect the public sector or that do not directly concern their businesses, but I'd love to hear from you if you know any sources! Thanks in advance!
Here are some of the articles, news and statemets from companies that I found:
In studying the relationship of corporate governance and public confidence in a firm, are the number of board members, their composition, and equity holding of the directors enough to increase or reduce public confidence in the financial statements of a firm? Must examination of other corporate governance indices be carried out to determine public confidence?
In order to reach the widest audience possible - I am considering as part of my research project to write it at a level that would be at a Grade 8/9 Flesch-Kincaid Grade Level. This will be a significant challenge, however, it might make it easier to understand for key stakeholders or interested parties outside the world of academia?
Hello,
I would like to ask you, whether you think McDonald's is a good example of CSR in the gastronomy industry? I wrote an interesting article, in my opinion, but one reviewer found that McDonald's is a bad example. I do not agree with his opinion and I would like to take your advice, or maybe someone would like to read my article and express my opinion before I giving it to the review again.
I saw where you are interested in sharing your living systems framework with other researchers. I am using that framework in my work with educational and other human systems such as health care and business ethics. Could you email me privately (bmccombs@du.edu) to discuss your work and applications of this framework? Thanks much!
IF the public procurement contract has been enforced or performed a half, the"out "contractor charge there was a bribery in open bidding process,then is this public procurement contract is ineffective? Or <Restatement of contract> is applicable to public procurement contract?
Sustainability Research Group (SRG) is contributing a chapter to a book on Corporate Governance to be published by Emerald.
If you have a background in corporate governance and interested to contribute to the chapter, please apply. The researcher is expected to contribute two prominent case studies to the chapter.
To apply, please send your CV to the following email with the title “Contribution: Corporate Governance”.
GSRN2030(at)gmail.com
Dear Researchers,
I would like to know whether any US law (federal level or state level law) affects supplier's credit i.e. trade credit. For example, European competition law has some provisions that affect supplier credit. However, my interest is in US law. Thank you for your time.
Sincerely,
Masud
Dear respectful professors and Researchers,
We know that median is more recommended as a central measure because it forgets about the extreme data. Does this mean that we must forget about the mean?In other words, is there a situation that we prefer to continue using mean as a central tendency measure even for skewed data?
We can see this from another point of view:
May there be some situations that deleting extreme data(judgments)-using median instead of mean- is not recommended?
(If not we can say mean is dead)
Best
For my doctoral study, I am developing a composite index to measure the process of implementing Global Business/Corporate Citizenship. I need a couple of volunteers to validate that the questions I constructed for my survey instrument are relevant, reasonable, unambiguous, and clear.
If you are willing to read the below 23 questions and provide some quick feedback, I would be eternally grateful! For feedback purposes, I included descriptions of the constructs I am trying to measure. You can contact me at Linda.Sanner@waldenu.edu or reply in this forum.
Thanks for your help,
Linda Sanner
Proposed Survey Questions:
Q1. I am familiar with the concept of global business or corporate citizenship.
VALUE RELATED QUESTIONS (development of corporate values in a code of conduct)
Companies that demonstrate that they are business/corporate citizens:
Q2. Have a written code of conduct and policies that reflect the company’s principles/values.
Q3. Have a written code of conduct and policies that govern their conduct everywhere they operate around the globe.
Q4. Have a written code of conduct and policies that reflect a high degree of ethical standards.
Q5. Have a written code of conduct and policies that reflect universally acceptable human values (such as those identified by the United Nations Universal Declaration of Human Rights).
Q6. Provide their employees with an in-depth understanding of the rationale underlying the company principles and /or values.
IMPLEMENTATION QUESTIONS (implementation of values/code of conduct at local levels)
Companies that demonstrate that they are business/corporate citizens:
Q7. Have employees who are aware of the company principles and/or values.
Q8. Identify, map, and assess their stakeholders.
Q9. Have ongoing dialogue with stakeholders, which inform the decision making of both the company and its stakeholders.
Q10. Implement local variations of their principles/values based on local customs, culture, norms, or national standards.
Q11. Engage local employees and stakeholders in establishing local variations of company principles/values to meet local customs, culture, norms, or national standards.
Q12. Empower local employees to establish local variations of company principles/values to meet local customs, culture, norms, or national standards.
Q13. Provide support and guidance on what employees should do when the local culture demands adaptation of company principles/values.
ANALYSIS QUESTIONS (analysis of problem areas and experimentation with creative and practical solutions to remediate conflicts)
Companies that demonstrate that they are business/corporate citizens:
Q14. Analyze cases in which local customs or norms seem to conflict with company overarching principles/values.
Q15. Have employees at corporate headquarters devise experiments to test ways to integrate overarching principles/values at the local level with respect for local culture.
Q16. Engage local employees and stakeholders to analyze and experiment with ways to integrate overarching principles/values at the local level with respect for local culture.
Q17. Empower local managers to work with local stakeholders to analyze and experiment with ways to integrate overarching principles/values at the local level with respect for local culture.
LEARNING QUESTIONS (learning from the previous steps and teaching local managers and other firms to differentiate situations and apply appropriate solutions)
Companies that demonstrate that they are business/corporate citizens:
Q18. Involve all employees in ethical training.
Q19. Have a formal, systematic process to organize and communicate organizational performance to facilitate learning within the organization.
Q20. Have a formally structured knowledge bank, available to everyone in the company, where employees can enter tacit knowledge, questions, and lessons learned.
Q21. Institutionalize lessons learned into policies, practices, and behaviors.
Q22. Routinely analyze their principles/values and change their guidelines when it becomes apparent that aspects cannot be reasonably implemented, or should no longer stand as guiding principles.
I am thinking about doing research on ethos (morality) of entrepreneurship in some region in Poland. It would be great to make some comparison with similar researches and get to know the best matching methodology.
In recent years, there has been growing concern about the growth of what is called either 'bogus' or 'false' self-employment across many governments in Europe and beyond. I am interested to find out whether any research has been conducted on this issue.
Do you have any insights into this topic? Case studies of companies, best practices? I am trying to set up a research group on this topic around the following conceptual core: "Milton Friedman consacrated an understanding of the relationship between ethics and business eventually known as 'The Separation Thesis', the main tenet thereof is that business decisions have no moral content, moral decisions have no business content. This view has been mainstream in management theory and practice for decades, yet it is being increasingly challenged from many sides. This research line aims at taking stock of recent developments in cognitive sciences, economics, sociology, philosophy, organization studies, and corporate responsibility that point to the manifold ways in which ethics and business are actually embedded. Building on this, it is our purpose to delve into the question, how ethics is driving innovation in every aspects of business, including strategy, organizational design, product, decision making processes, and culture".
If you are interested, please get in contact withme
There's this very hot topic about trained versus non-trained interpreters. Do you have any examples coming from your own country regarding any unfortunate happenings because of the lack of certified interpreters? or a poor quality job done by non-trained interpreters?
Should own capabilities/experience be enough or substitute the need of training programmes, certification and continuous professional development?
Prime Minister of India Shri Narendra Modi on Nov.8, 2016 has banned Rs. 500 & Rs. 1000 currency notes with immediate effect. This is a great step for curbing black money and dirty money.The decision was taken to prevent the illegal financial transactions such as fake currency and money laundering which has been India as a whole for years.What will be the impact of this Demonetization on Indian Economy.
I'm conducting a research comparing business ethics standards in Poland and France. Do you know any relevant literature on this topic?
How feasible today is a project to democratise global communication from below?
India is considered to be a perfect desination due to various factors like low input costs, easy access to labour,low rate of wages and a massive consumer base. My question is just to know something about ethical issues in Indian Business.
CSR has assumed a place of great importance these days.In countries like India,it is now not a voluntary phenomenon,rather it has become mandatory to spend on various CSR activities.My question is regarding what may be the common indicators as far as Social Performance of a business is concerned.
This is the argument I made in a presentation at the 2008 “Business Ethics Olympics” of the International Society of Business, Economics, and Ethics (ISBEE), which was held in Cape Town, South Africa. Does this argument indicate too much faith in rules, regulations, and “law and order” trumping the culture of self-interest and profit-maximization that prevails in most for-profit entities – a culture that is expected and rewarded in capitalistic societies?
For more on my faith in “law and order” see my paper here on RG, “Legislative Excess or Regulatory Brilliance? Corporate Governance after SARBOX” : https://www.researchgate.net/publication/236980618_Legislative_Excess_or_Regulatory_Brilliance_Corporate_Governance_after_SARBOX?ev=prf_pub.
Conference Paper Esq., CPA, or M.B.A.? The Letters Behind Your Ethics Officer...
There is a dilemma in many situations where managers have to consider social acceptance even it may not benefit the firm's economic performance.