Good Governance PDF

Define if it is Government or Private Sector. 1. GOVERNMENT The role of this sector is to serve the public interest with ethical awareness and ethical actions. 2. GOVERNMENT is responsible for creating and enforcing the rules of a society, defense, foreign affairs, the economy, and public services....

Define if it is Government or Private Sector. 1. GOVERNMENT The role of this sector is to serve the public interest with ethical awareness and ethical actions. 2. GOVERNMENT is responsible for creating and enforcing the rules of a society, defense, foreign affairs, the economy, and public services. 3. GOVERNMENT it provides significant economic policy guidance through its budget bill and related acts. 4. GOVERNMENT It is also appoints top-level officials within central government and public bodies. 5. GOVERNMENT contribute to business ethics by establishing regulatory frameworks that dictate the legal and ethical standards businesses must follow. 6. PRIVATE SECTOR this sector does not have the same level of accountability. They are only accountable to their shareholders and not the public. 7. PRIVATE SECTOR this sector is often motivated by profit. 8. PRIVATE SECTORS part of the economy that isn't controlled by the state. 9. PRIVATE SECTOR is the part of the economy which is owned by private groups, usually as a means of establishment for profit or non profit 10. PRIVATE SECTOR in this sector Workers are typically compensated from the profits generated by their employers True or False 11. True The private sector is the part of the economy run by individuals and companies for profit and is not state- controlled. 12. True The public sector is accountable to the public and needs to maintain high ethical standards. 13. True Both sectors need to continue to work on being more ethical and transparent. 14. False the sustainability dicussions justifiably is NOT focus on the protection of human life and public health issues, a related ethical issue close to the hearts of many citizens is animal right. 15. True many cosmetics companies have announced cruelty-free product teating policies for products ranging from make up to hairspray Identification 16-18. The 3 Public Health Issues (in no particular order) Environmental Health Public Health Animal Rights 19-21. Give the 3 policies mentioned in the module that is implemented for private sectors for the sake of Animal Rights. (in no particular order) fur-free policies  cruelty-free product testing policies cage-free egg-buying policies 22. What is P3s? Public-Private Partnerships 23. P3s as a means to solve problems. 24. What is the acronym of SOX? Sarbanes-Oxley 25. What is the acronym of SEC? Security & Exchange Commission GROUP 2 True or False 1. True The idea of the ‘end justifying the means’ concerning consumer responsibility in the global economy can be traced back to philosophers Aristotle and Kant. 2. True Enculturation impacts on the perceptions that businesses have about themselves by integrating features from the culture. 3. True Acculturation specifically refers to the transmission and socialization process resulting from cultural exchange. Answer: True 4. False The globalization of markets has only advantages for consumers through the reduction of prices and an increase of choice, and has no ethical issues. 5. False Distance does not influence a business organization’s functions or the relationship with its stakeholders such as the employees, customers and the society. 6. True Acculturation can occur through economic development and the global reach of media. 7. True When a firm starts relocating a production line to another country, its goals should encompass the need to make improvements in that country such as improving its support to human rights or its welfare as a worker’s country, while on the other side of the balance, a firm gets benefits such as employment to locals and a better taxation regime. 8. False A business from a developed country should always bend the mission to key in other local customs and ethical issues regardless the harm it will cause to core values of business. 9. True Enculturation is the process by which people learn the rules, customs, skills, and values of their society. 10. False The concept of acculturation is irrelevant in modern contexts and only applies to historical events. 11. True The GLOBE leadership project, for example, reported that, rather than managers simply fitting into cultural norms, high levels of success in the global arena require leaders to go beyond these expectations. 12. False It is crucial to note that a business cannot be both profitable and socially responsible at the same time incorporating both virtues in the operations of a business is impossible. 13. False Enculturation occurs only through military or political conquest. 14. True Globalization that literally extended the domestic markets offers a chance to broaden ethical concern and permeability against the other cultures. 15. False When it comes to external environment, an organization should aim at maximizing on its profits. Identification: 1. The GLOBE leadership What research project concluded that effective global leadership requires exceeding cultural expectations rather than merely fitting into them? 2. Global relationships What aspect of business ethics emphasizes adapting to local customs and cultural values when operating in a different country? 3. Localization What term describes the process of adapting products and services for different languages and cultural environments, including translating content and customizing for local preferences? 4. Enculturation What term refers to the influence of cultural features on how businesses perceive themselves and their operations? 5. Globalization What term refers to the need for businesses to adapt their operations and values to different cultural and legal environments when expanding globally? 6. Dialogue and openness What is crucial for businesses to effectively operate in diverse cultural settings? 7. Cultural expectations According to Aristotle and Kant, what must leaders and organizations exceed in order to achieve ethical success in a globalized world? 8. The end justifying the means What is the idea that achieving ethical outcomes requires adherence to just means, as highlighted by both Aristotle and Kant? 9. Cultural sensitivity What term describes the process of adapting to and understanding the ethical standards and cultural practices of different countries where a business operates? 10. Consumer responsibility What term is used for the ethical responsibility of consumers to consider the practices of the companies they support, especially in a global market? GROUP 3 1. Fair A remuneration paid by an employer to an employee. 2. Fair W age Refer to a wage levels and wage fixing mechanisms. 3. The Warn Act of 1989 Protecting workers and their families by mandating that employers provide 60 days advance notice of mass layoffs and plant closings. 4. OSHA Primary federal law ensuring physical safety on the job. 5. NIOSHServes as the research institute for OSHA and enunciates appropriate standards for safety and health on the job. 6. TITLE VII OF THE CIVIL RIGHTS ACT OF 1964 Prohibits workplace discrimination including sexual harassment. GIVE 7 COMPENSATION ISSUES Internal equity External equity Perceived equity Executive compensation Geographical differentials Rewarding niche jobs Salary growth 5 WAYS LEADERS CAN ENSURE EQUAL PAY ON THEIR TEAM Prevent salary disparities before making new hires Review employee compensation on a regular basis Separate compensation reviews from performance reviews Disclose salary ranges Advocate for your people IDENTIFY THE FOLLOWING TERM 19. WARN – WORKER ADJUSTMENT AND RETRAINING NOTIFICATION 20. NIOSH – NATIONAL INSTITUTE FOR OCCUPATIONAL SAFETY AND HEALTH 21. OSHA – OCCUPATIONAL SAFETY AND HEALTH ACT 22. EEOC – EQUAL EMPLOYMENT OPPORTUNITY COMMISSION GIVE THE FIRST 3 FAIR WAGE DIMENSIONS 23. PAYMENT OF WAGES 24. LIVING WAGE 25. MINIMUM WAGE GROUP 4 A Duty of Loyalty Hard work and our best effort likely make sense as 1.) Obligations we owe an employer. However, 2.) Loyalty is more abstract and less easily defined. Most workers do not have 3.) Employment Contracts, so there may not be a specific agreement between the two parties detailing their mutual responsibilities. Instead, the 4.) Common Law ( case law ) of agency in each state is often the source of the rules governing an employment relationship. The usual depiction of duty in common law is the duty of loyalty, which, in all fifty states, requires that an employee refrain from acting in a 5.) Manner Contrary to the employer's interest. This duty creates some basic rules employees must follow on the job and provides employers with 6.) Enforceable Rights against employees who violate them. In general terms, the duty of loyalty means an employee is obligated to render 7.) Loyal and Faithful service to the employer, to act with "good faith, and not to compete with but rather to advance the employer's interests. The 8.) Employee must not act in a way that benefits him or herself (or any other third party), especially when doing so would create a conflict of interest with the employer. As a 9.) General rule an employee cannot hold a second job, without asking for and receiving the employer's consent, if it would compete or conflict with the first job. Thus, although the precise boundaries of this aspect of the duty of loyalty are unclear, an employee who works in the graphic design department of a large advertising agency in all likelihood cannot moonlight on the weekend for a friend's small web design business. However, employers often grant permission for employees to work in positions that do not compete or interfere with their 10.) Principal Jobs. Two leading motivators people give for leaving their job are: Higher Pay Personal Reasons Give the 3 words example situation during our reporting. Walang Katapatang Ina Sneaking Ina Kicking Ina Give the three common clauses found in employment contracts. non compete clause nonsolicitation of customers/employees clause confidentiality/ non-disclosure clause 19.) duty of loyalty. means an employee is obligated to render ''loyal and faithful" service to employer. 20.) loyalty to the company. What is the lesson title of module 18? The duty of loyalty means an employee is obligated to render 21.) loyal and 22.) faithful service to the employer, to act with 23.) good faith. In the competitive world of business, many employees encounter information in their day to-day work that their employers reasonably expect they will keep 24) "confidential" 25.) Loyalty Research Center It is a consulting firm, defines loyal employees as “being commited” to the success of the organization.