Ethics in Business. The analyse of the case study Essay

Ethics in Business. The analyse of the case study - Essay Example It is agreeable to say that by conviction and not through interest, we should treat others the very same way we would want them to treat us (Cory 2004:1). When adhered to, such moral values enhance the performance and profitability of the firm since it attracts and maintains customers together with their trust in the products or services offered by the business. The companies’ basic moral principles according to Cory (2004:2) â€Å"†¦are honesty, acting in good faith and in an equitable and just manner without betraying the trust of the stakeholders and by treating them as equals, practicing reciprocity, avoiding the exploitation of others, and acting from your own free will without forcing your will on your partners†. It is virtues like honesty and acting in good faith that in our case study we see Steffan, in his capacity as the project manager violating deliberately. There is need for business to develop and faithfully practice these moral values for purposes of well societal being. Unfortunately they fail to do that. Incidentally it is the managers and the CEOs who often are accused of violation of core values of the society like in the case of Steffan Larson who disregards Lauren’s advice. They are usually morally blind and instead throw their focus on profit making. This is largely so because of shareholders’ pressure for profit generation and the capitalistic economic arena in which they operate. But this notion is disputable since even in non-profit making organizations there is open deviation from set rules and regulation. They therefore do business without caring about people’s lives, the environmental, political, social, and moral values. International corporations also want to be exempted from certain core values of a given place if in their view the values will conflict with their set objects, a theory Bowie (2002: 3) calls relativism. He says that the international corporations want to

US Treasury Yields Essay Example | Topics and Well Written Essays - 1000 words

US Treasury Yields - Essay Example High-interest rates and inflation during Carter regime discouraged investment with US long-term Treasury yield exceeding 15% and short term T-Bills yielding nearly 20%. Reagan regime restored consumer confidence, through the appointment of Paul Volcker the chair of Federal Reserve Board with his tireless effort and determination of defeating a national economic disaster bore fruits. His fruits were putting the nation into an intentional recession where money supply was tightened, which slowed down the pace of economic growth in the economy, reducing the employment. Inflation was completely abated in the year 1982. After inflation Volcker was devoted to rejuvenating the economy, one of the policies was to reduce the interest rates, this increased money in circulation within the economy that encouraged investment reduced the cost of production and cost of living taming demand-pull and cost pull inflations. Reduction in interest rates encouraged investment with long T-Bills yielding 1% and short-term T-bill yielding 4%. Federal Reserve opinion to increase the interest rates will increase the cost of capital in the economy, and a consumer will be compelled to spend extra coins on the food basket. It will also be translated to investment where due to high-interest rates the profit margins of the lenders will be reduced, moneylenders lend with an objective optimizing revenue.