ETHICS FINAL Assignment Example | Topics and Well Written Essays - 500 words

ETHICS FINAL - Assignment Example To others it is pivoting their institutions to greater heights of returns. Business ethics play a key role in establishing how such achievements are made. Quoting from the book â€Å"in the wake of the recent spate of corporate collapses in which management had engaged in questionable or illegal practices†¦Ã¢â‚¬ (Text, page 282), is an indication of some of the ways that managers opt to take to realize the goals of the organization. It is trivial knowledge that each decision made is subject to some consequences. A business that practices ethical business protocol, is guaranteed a good reputation with other firms. Furthermore the financial state of the organization is improved considerably. A firm with a good reputation boosts of a huge number of customers, this is as a result of increased confidence in the firm. Such a firm assures customers of good quality products and services, thus it is destined to be favored by the general public. Poor business ethics are a setback to the progress of a firm. Notably business ethics trickle down from the highest management level to the junior management level, managers are delegated to be the role models, and it is their responsibility to ensure that this conduct trickles down the management levels. There are two theories that explain business ethics, according to Milton Friedman, the management’s main objective is to ensure that it returns considerable profits to the shareholders. This should be done without deception or abuse of power. Generally Milton advocates for social responsibility, but another group of people advocates for corporate responsibility. Unlike the social responsibility concept that argues that business ethics should be

RFID in the Context of Customer Services Research Paper

RFID in the Context of Customer Services - Research Paper Example According to the research findings, it can, therefore, be said that in the modern business world, there is a need for companies and firms to increase the quality of services they provide their customers or quality of goods and products they produce or manufacture. It is very hard for any company or a firm to regain popularity among their lost customers or improve their position in the market. To make a profit very often means to provide customers with better services. At the same time, a chosen marketing strategy of customers’ services improvement should be developed in compliance with the needs of the company; their assets, potential, set goals and many other internal and external factors. Moreover, with regards to a wide-spread nature of technological innovations, companies implement innovative technologies in customer services. In accordance with research conducted by†¦: â€Å"Technology does more than enable the creation of new or improved services. It may also impro ve consistent service standards of the company, and, what is more, important is to involve the customers in operations through self-service technology†. Therefore, the modern business world needs innovations. To keep pace with the globalized world every firm or company should meet new requirements and follow the developments of technologies. In order to appropriately introduce valuable innovative assets, it is relevant to assess their advantages and disadvantages. An individual-centered approach is high on the agenda in the modern business world. A customer is of crucial importance. The more customers the company has, the greater success comes.