Business Ethics and Csr in the Context of Samsung

BUSINESS ETHICS AND CSR IN THE CONTEXT OF SAMSUNG ELECTRONICS 1.0 Introduction In the 21st century of business, there are number of factors apart from the financial figures that play a vital role for the success story of the business corporations. These factors include the culture adopted by the business, philosophy of the management of the company, code of ethics and standards followed by business. The presence of all of these factors in the business’s ethical guidelines has a significant impact on the ability of the business organisations to perform well on the long term basis. In this report the Samsung Electronics’ ethical issues are studied along with the importance of the business ethics and Corporate Social†¦show more content†¦It is primarily a code of conduct which is based on the ethical and civic values so as to safeguard the interests of the different social groups like customers, workforces, creditors and management etc. Moreover it also provide the charter of the business activities which are required to perform voluntarily on the part of the business responsibility (Akrani, 2011). On the basis of attached case study which is about the Samsung Company, where it admits that the phones of Samsung may contain tin from area mined by children, It is observed that earlier Samsung company was not addressing towards the code of conducts of the business but at a later stage when it come to know about the actual shocking impact of mining tin for electronics on people as well as on environment then Samsung company takes a responsibility to tackle this issue (Hodal, 2013). According to this case study the meaning of business ethics can be viewed as moral code of business obligation where it is the prime responsibility of the business man that he will not make harm to the society as well as to environment perceptively. 2.1 The Importance of Business Ethics Business ethics play a very important role to achieve the goals and objectives of an organisation. The reason why business ethics is important in this era of global market is that it has a direct impact on communities and ultimately the sound ethical standards will lead the businessesShow MoreRelatedCase 1 Fordlandia2871 Words   |  12 PagesOVERVIEW OF FIRST 2 CASE STUDY SESSIONS †¢ Fordlandia – CSR in an international context – Integration-Responsiveness framework – Integrated Social Contract theory †¢ Sialkot – Child labour as a CSR challenge – Stakeholder theory – CSR in the context of global governance †¢ Learning objectives – To reflect on the context-specific nature of sustainability – To discuss CSR in the context of international development – To appreciate international CSR as a complex management challenge Titre du documentRead MoreFacts and Figures: Apple Inc5365 Words   |  22 Pagescurrently has a 29.6% market share. This is second to Googles 47.3%, and ahead of #3 Blackberry (Whitney, 2012). 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Science Of Hereditary Transmission, Responsible For Self...

‘Genetics’ is the science of hereditary. Genes are the basic units of hereditary transmission, responsible for self-duplication and protein synthesis. Self-duplication occurs through mitosis (non-reproductive cells) and meiosis (reproductive cells). [2] Nativism and Empiricism are extreme theories in which they aim in trying to answer the question of â€Å"nature vs nurture†; which of these theories most influence/have the most impact on serial killers to do what they do, and to believe what they’re doing is right. The debate specifically focuses on individual differences, principally psychiatric disorders (for example, anxiety disorders or depression) or intelligence. [26] Those who go by the name of ‘Nativists’ believe in the extreme theory†¦show more content†¦Therefore it can be argued that characteristics which are not apparent or recognisable at birth, but begin to develop later on in life would be considered as the product of maturation. Maturation does not only help us to comprehend crucial biological alterations such as the physical changes in aging or puberty, but it also includes the multiple stage theories of development in which we presuppose that maturation is the sustaining factor for the universal sequence of stages.[2] The consequences of our learning is developed through infancy and childhood years, developed through psychological characteristics and behavioural variations. It entirely depends on how one is raised and the effect that the environment has on a child which governs the psychologically remarkable characteristics of child development. On the other hand, those who adopted the environmental position are called empiricists. The leading philosopher for empiricism was John Locke. He proposed the fundamental idea of empiricism and believed that at birth the human mind is tabula nasa (a â€Å"blank slate†) and is gradually filled as a consequence of primarily experience (e.g. behaviourism) and learning; the belief that knowledge cannot extend beyond experience because it is through experience in which you fully understand something; therefore all of our knowledge is built primarily off familiarity with

Fraud Awareness Prevention Fee Samples †MyAssignmenthelp.com

Question: Discuss about the Fraud Awareness Prevention. Answer: Fraud description The fraud under consideration, in this case, is cyber-crime that was committed between 8.00 AM to 10.00 PM on 21st January 2018 at London city in Canada. This fraud act was allegedly committed by John Black Hat. It was reported by one of the companies (AGH Company) in the city that the alleged fraudster hacked into companys bank account and transferred a huge amount of money. From the actions of John Black Hat, the police noted three main characteristics of this fraudster. The first character associated with John was deprivation. When police confiscated his laptops from his warehouse, he denied any ownership until the system recognized his as the most wanted cyber-attacker (Bohm, 2013). Second, he is deceptive and lastly risk taker. Despite counter cyber-cyber-crime set by Canadian legal system, John risked being arrested. This fraud is an offense punishable by law. In this case, the fraud was perpetuated to be a deliberate act that John Black Hat committed knowing the legal status of his act. Under Canadian Criminal Code section 342, the fraud was categorized under Canadian cyber-crime laws. This law was applied to determine whether John was liable or not. The company suffered damages for financial loss. Thus, the case was perpetuated on the basis of section 342. According to Canadian criminal code, hacking is a form of cyber-crime that result in a criminal offense punishable by law. This fraud falls under section 342 of the criminal code that deals with theft, forgery of credit cards and authorized use of a computer (Allen, 2011). Thus, this fraud was prosecuted as a criminal offense. The body that propelled this case was given mandate by Canadian computer crime laws. In this case, the plaintiffs would be AGH Company while the defendant will be John Black Hat. During court proceedings, this case was presented as AGH Company VS John Black Hat. Identification of fraudster(s) The name of the alleged fraudster was John Black Hat. The company later realized that the hacker would not have managed to access the companys bank account with inside information. Thus, it was discovered that several individuals assisted John Black Hat to access this confidential information. According to police interrogation, the companys system administrator Mr. David Wright was found liable for leaking confidential data to John Black Hat. There were blueprints that were discovered by police that connect these two individuals (Allen, 2008). This was a supportive action since Mr. David Wright got a share from that fraud. Identification of victim(s) This fraud exposed a lot of people and organization to risks. The immediate direct victim was the company. The company lost a lot of money which may result in the collapse of the operations if the money would not be recovered. Other victims, in this case, include investors. There were a lot of people who invested in the company and suffered financial loss. All the shareholders in the company also suffered damages. The company had borrowed a lot of money from the financial institution which may result in delays in loan repayment. This form of breach of contract will make the company lose external and external confidence. Discovery and Outcomes This fraud was discovered when the bank sent a memo notifying the company of huge withdrawal of money from the account. This information revealed that unknown individual transferred a huge amount of money to mysterious account was would not be traced. Upon receiving this memo, the company responded with little or no knowledge of the withdrawal. Records and bank balance indicated that the bank account has been accessed illegally (Alan, 2004). Police investigation revealed this as hacking or cyber-crime. Use techniques in ethical hacking unit, police managed to reveal the blueprint of the person who hacked the back and his place of action. John Black Hat was apprehended by police as he planned to damage evidence against him. From police investigation, it was clear that this fraud was committed by John and David deliberately with the intention of stealing money from the company. They were taken to court and charged under section 342 of the criminal code (Barnhorst, 2009). The ethical hacking unit managed to recover the transferred money from mysterious bank accounts. The report from criminal court also found John Black Hat guilty of other cyber-crime offenses that had not been discovered before. The court ordered full recovery of money lost through this kind of fraud (Siegel, 2014). AGH Company managed to recover full amount that had been confiscated. In the same, Mr. David Wright cooperated with the court and he confessed to having given information to John Black Hat. In his rule, Judge Peter Moore found John Hat guilty and was sent to jail for life. Mr. David Wright was also found guilty but he was sentenced to ten years in jail since he assisted in police investigations. References Alan, B. (2004). Social Research Methods, 2nd edn. New York: Oxford University Press. Allen, B.V. (2008). Police Powers: Law, Order, and Accountability. Pearson Education Canada. Allen, B.V. (2011). Criminal Investigation: Search of the Truth (2nd edition). Pearson Education Canada. Barnhorst, R. (2009). Criminal Law and the Canadian Criminal Code. McGraw-Hill Ryerson Higher Education. Bohm, R.M. (2013). Introduction to Criminal Justice, 8th edn. McGraw-Hill Education. Siegel, L.J. (2014). Criminology: The Core, 5th edn. Wadsworth Publishing.