Business Ethics 2202 BMGT 496 Exam Step 1 ✓ Solved

Bmgt 496 E421 Business Ethics 2202bmgt 496 Exam 25step 1 Read

You have between Thursday 12:00 a.m. and Saturday, 11:59 p.m. eastern time to complete the final exam. There is a 30-minute grace period. If the exam is turned in after the due date, the Late Assignment policy applies.

No exam will be accepted after 11:59 p.m. eastern time on the last day of class. You will answer in a question-answer format (only the question number as a heading and not the scenario). For each of the following questions, prepare a response that addresses all questions asked, fully supported with concepts from the course materials including the course eBook. You are required to draw from the course materials unless indicated. All source materials must be properly cited using APA.

Not using the course materials will negatively impact the grade.

Sample Paper For Above instruction

The following academic essay addresses three key questions related to business ethics, focusing on environmental responsibility, data security, and government regulation. Each section incorporates course concepts, supported by scholarly references, to analyze real-world issues and ethical considerations.

Environmental Issues and Business Approaches

As a business owner of a mid-sized manufacturing company, selecting an appropriate approach to environmental responsibility is crucial. The models outlined in Chapter 14 of "Business Ethics" include accelerate and innovate, monetize and count, express corporate responsibility, among others. I recommend adopting the accelerate and innovate approach, which emphasizes proactive technological advancement and process improvements to reduce environmental impact.

This approach aligns with the ecological modernization perspective, which posits that economic growth and environmental sustainability can coexist through innovation (Bell and Morse, 2013). It espouses the environmental positions of stewardship and sustainability, emphasizing the business's role in conserving resources and minimizing waste (Freeman et al., 2010). Ethically, this approach is grounded in utilitarianism—seeking to maximize overall benefits by reducing harm to the environment while maintaining profitability. It also reflects stakeholder theory by recognizing the importance of balancing interest groups, including communities, regulators, and consumers (Waddock & Bodreau, 2015).

Data Security Breaches and Ethical Implications

Examining the Facebook data breach of 2018, where personal information of millions was harvested without consent, reveals critical ethical issues. The breach harmed various stakeholders including users, advertisers, and society at large, who rely on data privacy (Isaac & Frenkel, 2018). From a stakeholder perspective, privacy rights were compromised, and the breach exemplifies negligence in protecting data assets—a core ethical concern highlighted by the course (Trevino & Nelson, 2021).

Such breaches prevail due to weaknesses in governance structures—insufficient cybersecurity protocols and oversight. An industry espousing a high level of governance would adopt stringent data protection policies, regular audits, and transparent disclosures. As per our course materials, strong governance mitigates risks and fosters ethical culture (Mallin, 2019). Given the increasing sophistication of cyber threats, regulatory frameworks must evolve to hold organizations accountable and enforce responsible data practices (ISO/IEC, 2016).

Government Regulation and the Boeing 737 Max Crashes

The Boeing 737 Max crashes underscore the complex relationship between industry self-regulation and government oversight. Positioning on the regulation continuum can range from minimal state intervention to strict regulatory control. I advocate for a regulatory approach leaning towards active government oversight, grounded in the concept of “command and control” regulation, which mandates specific safety standards (McConnell, 2017). This form of regulation ensures accountability and protects public safety by establishing enforceable rules.

Arguments for allowing Boeing to self-regulate include increased efficiency, innovation incentives, and industry expertise, but these are outweighed by ethical concerns about conflicts of interest and consumer safety (Klein, 2017). Conversely, arguments supporting government regulation emphasize the need for independent oversight to prevent industry capture and negligence. The case of Boeing and other industries that lobbied against stringent safety regulations illustrate potential risks inherent in self-regulation (Stern, 2019). Examples such as the regulation of the automotive industry post-Volkswagen emissions scandal further support the need for robust oversight (Bomey, 2017).

Conclusion

In conclusion, adopting a proactive environmental approach, ensuring robust cybersecurity governance, and advocating for strong government regulation are essential for ethical decision-making in modern business contexts. Recognizing the interconnectedness of industry practices, societal welfare, and regulatory frameworks fosters a sustainable and ethically responsible enterprise environment.

References

• Bell, S., & Morse, S. (2013). Sustainability Indicators: Measuring the Immeasurable?. Routledge.
• Bomey, N. (2017). Volkswagen’s emissions scandal and its regulatory aftermath. The Detroit Free Press.
• Freeman, R. E., Harrison, J. S., Wicks, A. C., Parmar, B., & De Colle, S. (2010). Stakeholder Theory: The State of the Art. Cambridge University Press.
• Isaac, M., & Frenkel, S. (2018). Facebook’s Data Breach: What You Need to Know. The New York Times.
• International Organization for Standardization (ISO). (2016). ISO/IEC 27001:2013 Information technology — Security techniques — Information security management systems — Requirements.
• Klein, N. (2017). No Is Not Enough: Resisting Trump's Shock Politics and Winning the World We Need. Haymarket Books.
• Mallin, C. A. (2019). Corporate Governance. Oxford University Press.
• McConnell, A. (2017). Regulatory failure and industrial risk. Policy Studies Journal, 45(3), 305-324.
• Stern, J. (2019). Regulatory Capture and Industry Self-Regulation. Journal of Business Ethics, 154(1), 93–106.
• Waddock, S., & Bodreau, D. (2015). Stakeholders and corporate responsibility: The roles of sustainability and stakeholder engagement. Business and Society, 54(4), 529-557.