Situational Conflicts In The Banking Industry An Analysis From A Business Ethics Perspective

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Situational Conflicts in the Banking Industry. An Analysis from a Business Ethics Perspective

Author : Gabriel Socha
Publisher : GRIN Verlag
ISBN 13 : 3668971897
Total Pages : 21 pages
Book Rating : 4.6/5 (689 download)

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Book Synopsis Situational Conflicts in the Banking Industry. An Analysis from a Business Ethics Perspective by : Gabriel Socha

Download or read book Situational Conflicts in the Banking Industry. An Analysis from a Business Ethics Perspective written by Gabriel Socha and published by GRIN Verlag. This book was released on 2019-07-03 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2019 in the subject Business economics - Business Ethics, Corporate Ethics, grade: 2.0, Leipzig Graduate School of Management, language: English, abstract: This paper aims to clarify ethical dilemmas within the financial sector according to the concept of moral discernment. To achieve the goal of this paper, two ethical theories, namely deontology and utilitarianism, are briefly explained. Then, two banking industry-specific situational ethical conflicts are illustrated. The first conflict, mis-selling of financial products, is analyzed by the concept of deontology. The second conflict, the use of artificial intelligence in credit scoring is analyzed from a utilitarianism perspective. Additionally, various ethical concepts are introduced to give practical measures on how firms can cope with these situational conflicts. Todays’ business world is often characterized by “VUCA” – volatility, uncertainty, complexity, and ambiguity. In such a world, managers are faced with constantly changing challenges that can lead to ethical conflicts within business environments. Therefore, more than ever before, guidelines are needed to prevent business behavior that destroys relationships between stakeholders. As the internet and in particular social media increase transparency, ethical behavior within companies is of significant priority to build and hold relationships that are both profitable and sustainable. At least since the global economic crisis in 2008, the banking industry is in strong criticism due to unethical and partially illegal actions. Even though this strong criticism created high pressure on regulators and banks to prevent these business practices, banking scandals do not seem to subside. Thus, it cannot be denied that the banking industry has problems dealing with moral conflicts.

Managing Conflict of Interest in the Public Service OECD Guidelines and Country Experiences

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264104933
Total Pages : 245 pages
Book Rating : 4.2/5 (641 download)

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Book Synopsis Managing Conflict of Interest in the Public Service OECD Guidelines and Country Experiences by : OECD

Download or read book Managing Conflict of Interest in the Public Service OECD Guidelines and Country Experiences written by OECD and published by OECD Publishing. This book was released on 2004-01-12 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: The OECD Guidelines for Managing Conflict of Interest in the Public Service provide the first international benchmark in this field. This report highlights trends, approaches and models across OECD countries in a comparative overview that also presents examples of innovative and recent solutions.

Conflict of Interest in Global, Public and Corporate Governance

Author : Anne Peters
Publisher : Cambridge University Press
ISBN 13 : 1139789856
Total Pages : 489 pages
Book Rating : 4.1/5 (397 download)

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Book Synopsis Conflict of Interest in Global, Public and Corporate Governance by : Anne Peters

Download or read book Conflict of Interest in Global, Public and Corporate Governance written by Anne Peters and published by Cambridge University Press. This book was released on 2012-11-29 with total page 489 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conflict of interest occurs at all levels of governance, ranging from local to global, both in the public and the corporate and financial spheres. There is increasing awareness that conflicts of interest may distort decision-making processes and generate inappropriate outcomes, thereby undermining the functioning of public institutions and markets. However, the current worldwide trend towards regulation, which seeks to forestall, prevent and manage conflicts of interest, has its price. Drawbacks may include the stifling of decision-making processes, the loss of expertise among decision-makers and a vicious circle of distrust. This interdisciplinary and international book addresses specific situations of conflict of interest in different spheres of governance, particularly in global, public and corporate governance.

Business Ethics

Author : Joseph W. Weiss
Publisher : Cengage Learning
ISBN 13 :
Total Pages : 366 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Business Ethics by : Joseph W. Weiss

Download or read book Business Ethics written by Joseph W. Weiss and published by Cengage Learning. This book was released on 1998 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: Integrating late 20th-century issues from the complex workplace, this text spotlights major contemporary and international topics in business ethics. Following the premise that though ethical issues change, ethical principles remain constant, the text equips readers with practical guidelines to apply to the ethical dilemmas they will ultimately face.

Conflict of Interest

Author : Robert M. Axelrod
Publisher :
ISBN 13 :
Total Pages : 240 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Conflict of Interest by : Robert M. Axelrod

Download or read book Conflict of Interest written by Robert M. Axelrod and published by . This book was released on 1970 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Workplace Morality

Author : Muel Kaptein
Publisher : Emerald Group Publishing
ISBN 13 : 1783501634
Total Pages : 172 pages
Book Rating : 4.7/5 (835 download)

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Book Synopsis Workplace Morality by : Muel Kaptein

Download or read book Workplace Morality written by Muel Kaptein and published by Emerald Group Publishing. This book was released on 2013-11-18 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do honest and decent employees sometimes overstep the mark? Drawing on scientific experiments and examples from business practice, Muel Kaptein discusses why good people sometimes do bad things and how they rise above this behavior.

Managing Business Ethics

Author : Linda K. Trevino
Publisher : John Wiley & Sons
ISBN 13 : 111919430X
Total Pages : 491 pages
Book Rating : 4.1/5 (191 download)

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Book Synopsis Managing Business Ethics by : Linda K. Trevino

Download or read book Managing Business Ethics written by Linda K. Trevino and published by John Wiley & Sons. This book was released on 2016-09-13 with total page 491 pages. Available in PDF, EPUB and Kindle. Book excerpt: Revised edition of the authors' Managing business ethics, [2014]

The Oxford Handbook of Virtue

Author : Nancy E. Snow
Publisher : Oxford University Press
ISBN 13 : 019938519X
Total Pages : 905 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis The Oxford Handbook of Virtue by : Nancy E. Snow

Download or read book The Oxford Handbook of Virtue written by Nancy E. Snow and published by Oxford University Press. This book was released on 2018 with total page 905 pages. Available in PDF, EPUB and Kindle. Book excerpt: The late twentieth and early twenty-first centuries have seen a renaissance in the study of virtue -- a topic that has prevailed in philosophical work since the time of Aristotle. Several major developments have conspired to mark this new age. Foremost among them, some argue, is the birth of virtue ethics, an approach to ethics that focuses on virtue in place of consequentialism (the view that normative properties depend only on consequences) or deontology (the study of what we have a moral duty to do). The emergence of new virtue theories also marks this new wave of work on virtue. Put simply, these are theories about what virtue is, and they include Kantian and utilitarian virtue theories. Concurrently, virtue ethics is being applied to other fields where it hasn't been used before, including bioethics and education. In addition to these developments, the study of virtue in epistemological theories has become increasingly widespread to the point that it has spawned a subfield known as 'virtue epistemology.' This volume therefore provides a representative overview of philosophical work on virtue. It is divided into seven parts: conceptualizations of virtue, historical and religious accounts, contemporary virtue ethics and theories of virtue, central concepts and issues, critical examinations, applied virtue ethics, and virtue epistemology. Forty-two chapters by distinguished scholars offer insights and directions for further research. In addition to philosophy, authors also deal with virtues in non-western philosophical traditions, religion, and psychological perspectives on virtue.

Global Trends 2040

Author : National Intelligence Council
Publisher : Cosimo Reports
ISBN 13 : 9781646794973
Total Pages : 158 pages
Book Rating : 4.7/5 (949 download)

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Book Synopsis Global Trends 2040 by : National Intelligence Council

Download or read book Global Trends 2040 written by National Intelligence Council and published by Cosimo Reports. This book was released on 2021-03 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

Conflicts of Interest

Author : Don A. Moore
Publisher : Cambridge University Press
ISBN 13 : 113944459X
Total Pages : 316 pages
Book Rating : 4.1/5 (394 download)

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Book Synopsis Conflicts of Interest by : Don A. Moore

Download or read book Conflicts of Interest written by Don A. Moore and published by Cambridge University Press. This book was released on 2005-04-18 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection explores the subject of conflicts of interest. It investigates how to manage conflicts of interest, how they can affect well-meaning professionals, and how they can limit the effectiveness of corporate boards, undermine professional ethics, and corrupt expert opinion. Legal and policy responses are considered, some of which (e.g. disclosure) are shown to backfire and even fail. The results offer a sobering prognosis for professional ethics and for anyone who relies on professionals who have conflicts of interest. The contributors are leading authorities on the subject in the fields of law, medicine, management, public policy, and psychology. The nuances of the problems posed by conflicts of interest will be highlighted for readers in an effort to demonstrate the many ways that structuring incentives can affect decision making and organizations' financial well-being.

The Three Pillar Model for Business Decisions: Strategy, Law and Ethics

Author : George J. Siedel
Publisher : Van Rye Publishing, LLC
ISBN 13 : 0997056614
Total Pages : pages
Book Rating : 4.9/5 (97 download)

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Book Synopsis The Three Pillar Model for Business Decisions: Strategy, Law and Ethics by : George J. Siedel

Download or read book The Three Pillar Model for Business Decisions: Strategy, Law and Ethics written by George J. Siedel and published by Van Rye Publishing, LLC. This book was released on 2016-03-21 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This book will show you how to use an expanded version of the decision-making model taught in the leadership course for Harvard MBA students. Based on a Strategy Pillar, a Law Pillar, and an Ethics Pillar—the three key pillars of decision making in business and in life—the model enables you to achieve the twin goals that lead to business success: managing risk and creating value.

The Handbook of Conflict Resolution

Author : Morton Deutsch
Publisher : John Wiley & Sons
ISBN 13 : 0787986666
Total Pages : 959 pages
Book Rating : 4.7/5 (879 download)

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Book Synopsis The Handbook of Conflict Resolution by : Morton Deutsch

Download or read book The Handbook of Conflict Resolution written by Morton Deutsch and published by John Wiley & Sons. This book was released on 2006-09-18 with total page 959 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Handbook of Conflict Resolution, Second Edition is written for both the seasoned professional and the student who wants to deepen their understanding of the processes involved in conflicts and their knowledge of how to manage them constructively. It provides the theoretical underpinnings that throw light on the fundamental social psychological processes involved in understanding and managing conflicts at all levels—interpersonal, intergroup, organizational, and international. The Handbook covers a broad range of topics including information on cooperation and competition, justice, trust development and repair, resolving intractable conflict, and working with culture and conflict. Comprehensive in scope, this new edition includes chapters that deal with language, emotion, gender, and personal implicit theories as they relate to conflict.

Business Ethics

Author : Gael McDonald
Publisher : Cambridge University Press
ISBN 13 : 1107674050
Total Pages : 483 pages
Book Rating : 4.1/5 (76 download)

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Book Synopsis Business Ethics by : Gael McDonald

Download or read book Business Ethics written by Gael McDonald and published by Cambridge University Press. This book was released on 2015 with total page 483 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Business Ethics' introduces students to ethical issues and decision-making in a variety of contemporary contexts. The book addresses corporate social responsibility, stakeholder management and sustainability. It develops an awareness of the many ways in which ethical considerations can manifest in commercial domains, thereby helping prepare students for their professional careers.

The Business of Peace

Author : Jane Nelson
Publisher :
ISBN 13 :
Total Pages : 164 pages
Book Rating : 4.3/5 (126 download)

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Book Synopsis The Business of Peace by : Jane Nelson

Download or read book The Business of Peace written by Jane Nelson and published by . This book was released on 2000 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores the role of the private sector in promoting development and in the prevention and resolution of conflict. Defines management policies for corporate engagement and illustrates how companies can contribute to conflict prevention and reconciliation through core business operations, social investment and philanthropy programmes and engagement in policy dialogue and institution building. Examines strategies for dealing with the challenges faced by companies operating in conflict zones.

Standards of Practice Handbook, Eleventh Edition

Author : CFA Institute
Publisher :
ISBN 13 : 9780938367857
Total Pages : pages
Book Rating : 4.3/5 (678 download)

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Book Synopsis Standards of Practice Handbook, Eleventh Edition by : CFA Institute

Download or read book Standards of Practice Handbook, Eleventh Edition written by CFA Institute and published by . This book was released on 2014-06 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Ethics Theory and Business Practice

Author : Mick Fryer
Publisher : SAGE
ISBN 13 : 1473909031
Total Pages : 473 pages
Book Rating : 4.4/5 (739 download)

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Book Synopsis Ethics Theory and Business Practice by : Mick Fryer

Download or read book Ethics Theory and Business Practice written by Mick Fryer and published by SAGE. This book was released on 2014-10-27 with total page 473 pages. Available in PDF, EPUB and Kindle. Book excerpt: In his ground-breaking new textbook, Mick Fryer offers students of Business Ethics clear explanations of a range of theoretical perspectives, along with examples of how these perspectives might be used to illuminate the ethical challenges presented by business practice. The book includes: Realistic scenarios which gently introduce a theory and demonstrate how it can be applied to a real-life ethical dilemma that everyone can relate to, such as borrowing money from a friend Real organisational case studies in each chapter which illustrate how each theory can be applied to real business situations. Cases include Nike, Coca Cola, BMW, Shell, Starbucks and GSK ‘Pause for Reflection’ boxes and ‘Discussion Questions’ which encourage you to challenge the established notions of right and wrong, and empower you to develop your own moral code Video Activities in each chapter with accompanying QR codes which link to documentaries, films, debates and news items to get you thinking about real-life ethical dilemmas Visit the book’s companion website for self-test questions, additional web links and more at: study.sagepub.com/fryer

Moral Resilience

Author : Cynda Hylton Rushton
Publisher : Oxford University Press
ISBN 13 : 0190619295
Total Pages : 321 pages
Book Rating : 4.1/5 (96 download)

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Book Synopsis Moral Resilience by : Cynda Hylton Rushton

Download or read book Moral Resilience written by Cynda Hylton Rushton and published by Oxford University Press. This book was released on 2018-10-02 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Suffering is an unavoidable reality in health care. Not only are patients and families suffering but also the clinicians who care for them. Commonly the suffering experienced by clinicians is moral in nature, in part a reflection of the increasing complexity of health care, their roles within it, and the expanding range of available interventions. Moral suffering is the anguish that occurs when the burdens of treatment appear to outweigh the benefits; scarce human and material resources must be allocated; informed consent is incomplete or inadequate; or there are disagreements about goals of treatment among patients, families or clinicians. Each is a source of moral adversity that challenges clinicians' integrity: the inner harmony that arises when their essential values and commitments are aligned with their choices and actions. If moral suffering is unrelieved it can lead to disengagement, burnout, and undermine the quality of clinical care. The most studied response to moral adversity is moral distress. The sources and sequelae of moral distress, one type of moral suffering, have been documented among clinicians across specialties. It is vital to shift the focus to solutions and to expanded individual and system strategies that mitigate the detrimental effects of moral suffering. Moral resilience, the capacity of an individual to restore or sustain integrity in response to moral adversity, offers a path forward. It encompasses capacities aimed at developing self-regulation and self-awareness, buoyancy, moral efficacy, self-stewardship and ultimately personal and relational integrity. Clinicians and healthcare organizations must work together to transform moral suffering by cultivating the individual capacities for moral resilience and designing a new architecture to support ethical practice. Used worldwide for scalable and sustainable change, the Conscious Full Spectrum approach, offers a method to solve problems to support integrity, shift patterns that undermine moral resilience and ethical practice, and source the inner potential of clinicians and leaders to produce meaningful and sustainable results that benefit all.