Transcript: Business Ethics Business Ethic topics These are some business ethic topics. yum FERPA FERPA FERPA gives parents the legal access to look at there kids educational records. You also have the right to amend the records. Once the kid is 18 the rights transfer to them. Trade secrets Trade secrets are secret practices or process that a compant would want to keep secret. These secrets may offer advanteges to the company over competitors. Trade secrets are not public information. Trade Secrets Copyright and Fair use Copy right is the legal right to reproduce videos or music. If you do not have the right the owner could sue you. Fair use is an unlicensed item you could use with out getting copyrighted. Copyright and Fair Use Acceptable Use Policies Acceptable Use Policies Acceptable Use Policies are a set of rules that outlines a set of rules to be followed by employes or coustmers. If the rules are not followed you will be kicked out or fired. Every business has these rules. Ergonomics Ergonomic Ergonomics aims to better the health of the work place by reducing injuries and fixing posture. It also trys to better the mood and mental state of the office. This will help speed up work. Business Ethics Business Ethics are the appropriate practiices and policies that a buisness will use. The law usally sets the rules for the business ethics. Some of the issuse that the ethics try to avoid are harasment, foul language, and agresion. Business Ethics
Transcript: Ethical Public Relations and Transparency in a Social Media Atmosphere Reviews on Amazon, Zappos, TripAdvisor Do you believe them? Do you think they are "fake?" Spectrum: Okay to post because a company is giving you incentives (Royal Caribbean) Okay to post a good review for your own book on Amazon? (Professor) More okay to post to help a friend? Or a family member who is say starting their own hotel? Illegal or just unethical? The Five Deadly Sins Deadly Sins of Social Media Improper Anonymity in Your Day-to-Day Life All you need to do is tie your shoes? Consumer Expectations (?) Deadly Sins of Social Media Verizon's fiOS If there is a harm, What is it? Aiten Musaeva and Allison Will Wal-Mart's Jim and Laura Unreported endorsements Improper anonymity Compromising Consumer Privacy Overly Enthusiastic Employees Using the Online Community to Get Free Work Were you fooled? Improper Anonymity and Whole Foods Consumer Expectations (?) http://www.nbcnews.com/id/21134540/vp/19718808#19718808 Improper Anonymity in Your Day-to-Day Life Is there something special about the internet that creates a different kind of harm?
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Transcript: Business Ethics Presentation FERPA FERPA F: amily E: ducational R: ights P: rivacy A: ct ferpa is a law that prevents a childs grades from being openly availible to anyone so that it stays confidential to parrent and child this is a way to keep education records from being disclosed publicly Trade Secrets/Intellectual Property Trade Secrets/Intellectual Property is a certain knowlage valuble to a business usualy kept in a small circle of people Trade Secrets/Intellectual Property these secrets may include manufacturing process, or stratagies an example of a trade secret would be the prosss of making coca-cola Subtopic 1 Subtopic 1 Subtopic 2 Subtopic 2 Copyright and Fair Use copyright and fair use prevents others from copying and distributing your work without giving credit Copyright and Fair Use when creating something make sure that what you are making is not too simalar to what someone else has already done fair use means that if someone elses work you can change it enough for it to be significantly different and still use it Acceptable Use Policies an acceptable use policy is one to restrict users on a certain network in order to prevent misuse a of company's network Acceptable Use Policies these policies help encourage workflow and can procect from email bombs and cyber attacks an AUP can also help avoid leagal trouble fo the whole company is only one person misuses network Ergonomics good Ergonomics is an easy way to increase company productivity and health Ergonomics posture plays a big roll in good ergonomics of which can be helped with a good chair/desk bad ergonomics can lead to very bad consequences if not corrected Business or Digital Ethics Business or Digital Ethics is how you should act to your users online Business or Digital Ethics over all you should be nice kind and respectful to your users one thing to remember is that your users dont have a lot of power and you dont have to ask in order to track their data you only have to let them know sources https://www.vlerick.com/en/insights/what-is-digital-ethics/#:~:text=Digital%20ethics%20is%20the%20branch,broadly%2C%20in%20markets%20and%20society. https://www.techtarget.com/whatis/definition/acceptable-use-policy-AUP
Transcript: Business Ethics Case Study Giselle Magana Story Technology Jim Steyer Senator Edward J. Markey Proposed Bills The Prospective Change Senator Bob Hertzberg -Enthusiast -Alarmist Children and Internet Use: Social, Psychological and Academic Consequences for Low-income Children Research Children Children Issue Issue Should Jim Steyer, chief executive and founder of Common Sense, embark on plans to educate and lobby for awareness of technological effects? CST Catholic Social Teaching Common Good Human Dignity Stewardship Preferential Option of the Poor The New York Times The New York Times Sides Taken Anaylsis The New York Times Catholic Social Teachings In Depth: Catholic Social Teaching "We are not anti-tech," Steyer told CNN Tech. "We are into the appropriate and balanced use of technology. We are calling out the industry for their excesses and their intentional effects to manipulate and addict." QUOTE The Faces Decison Makers and The Affected Catholic Social Teaching Common Good Stewardship Preferential Option of the Poor Human Dignity Sandy Parakilas Lynn Fox Dave Morin Justin Rosenstein Jim Steyer Renée DiResta Perspective Perspective Additonal Information Additional Points PHASE 1: PHASE 2: PHASE 3:
Transcript: Situation Analysis Factual Evidence Long and Short Term Consequences Rights or Entitlements Point of View Extended Description Social Justice Analysis Reflection Constraints Does the Good Outweigh the Bad? Stakeholders Fairness/Justice Point of View Critical Ethical Values Primary Concern Case Factors Alternative Courses of Action Business Ethics Template Benefit-Harm Point of View Compatibility of proposed course of action with our values Rights and Principles Analysis Moral reasoning/standards Could we have done more?
Transcript: Pietro Ferrero (1898-1949) Conclusion Business Ethics Presentation world-renowned companies generally have a negative impact smaller companies that are responsible and concerned about the environment Two cases studies Moran Daghari, Grégoire Dorel, Hugo Legourd
Transcript: Verdict and Conclusion Strategy Enron put up an impression of a constant innovator, focusing on rapid growth rather than earnings The New Culture The working culture took a very aggressive turn emanating ambition, greed and contempt Ends, not the means, had become the focus Anyone questioning or challenging the means was stopped Investors were forced to overcome their hesitations in spite of a few questionable means due to the sheer size of Enron Pipes to riches in wonderland ... Arthur Anderson shared responsibility of loss with Enron Signed off majority of accounts (at times under pressure) Enron was one of biggest clients, so lost badly Accounting audit firms run on trust( 60 years of Integrity) The protector (of investors) turns thief Sell technology consulting services to firms they were auditing->Mixed revenue model to benefit each other Wallflower auditing culture->swinging Consultant culture-> Large amount of money Enron’s auditor company, Arthur Andersen was accused of applying reckless standard of audit and using accounting limitations to misrepresent the earnings and modify the balance sheet for indicating favorable performance, and complicate the financial statements to make it difficult for shareholders to understand $90 – All Time High $83 – Value in the beginning of 2001 $79 – Jeffrey Skilling accepted the office of CEO $58 – Bailout of failing Raptors $40 – S. Watkins wrote an anonymous letter to Lay stating accounting scandal concerns $36 – Lehmann Brothers went on to recommend buying Enron stock, Fastow reassured about Enron’s golden future $25 – Lay motivated employees to buy more Enron stock $20.65 – the SEC launched an investigation into Enron, Deloitte & Touche to look into the books Final attempt to save Enron through selling to Dynegy failed On December 2, 2001, Enron filed for bankruptcy. The Real Beneficiaries – Lay ($37 million), Skilling ($14 million), Pai ($62 million), Fastow ($45 million) The Real Losers – Employees of Enron The New Accounting “Mark-to-Market” Accounting allowed Enron to record profits based on ambiguous perception of future incomes. Auditors were reluctant to assert strict auditing standards as they doubled up as their consultants Endgame Begins California Energy Crisis, Price spikes, blackouts lots of money for energy companies Reasons of Decline Decline of telecom and internet companies Falling gas prices By March 2001, a second rescue operation was carried out to save Enron from a huge loss Mr Fatsow Professional Services Group decided to stop but overrode by Duncan $7 million fined by SEC for signing off on false documents in Waste Management “Cease and Desist” order by SEC “Firms document retention policy” : Destroying extraneous documents Destroyed documents related to Enron Obstruction to Justice Beginnings... Mr Duncan Board of Directors have traditionally been paid largely in stock to align their interests with shareholders Directors can sell out early based on insider information When senior executives are charged with failure to abide by SEC rulings, the company typically pays the fine Careful dismantling of all the checks and balances The special purpose entities like LJM and raptors, whitewing and its poor financial Reporting helped the company to hide its billions of dollar debt from failed deals and steal money from the company CFO Andrew Fatsow approved the sale of under performing assets to improve its balance sheet. The wall street fixation was its major focus Group C10: U112131 - Avani Jain U112136 - Ganaish Choudhury U112141 - Goutam Khadanga U112145 - Manoj Mishra U112151 - Nishant Panigrahi U112155 - Pratikshya Mohanty U112161 - Rashmi Ranjan Das In June 1984, Kenneth L. Lay became chairman and COO of Houston Natural Gas He envisioned to make natural gas transportation company the biggest and the most profitable HNG merged with InterNorth, Inc., a small pipeline company, giving rise to Enron From a simple transportation service, Enron emerged into an immense online “gas bank” in the commodities market What was in store... Deals.. Plato: “Greed is unlimited” Consultants separated to form Accenture Joseph H Berardino : “Secured Enron as the largest client: $1 million/ week Carl Bass: Discomfort for “Aggressive hedging strategy for derivatives” Carl Bass replaced by David Duncan Conflict in Chicago headquarters over approving the dubious deals Deals: highly risky and dishonest to inflate profits Rescued tailing Raptors by “Cross-Collateralization” linking debts and assets for all four Raptors Democrats see Enron as justification for a strong assertion of government power to outlaw conflicts of interest and even restore the ban on companies operating in both the banking and securities industries On Feb. 13, the SEC took a large step in that direction by announcing plans to impose far stiffer disclosure rules on companies, like insisting that significant trading in company stock by officers and directors must be revealed immediately & that
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