Self Reflective Course Concept Essay Example | Topics and Well Written Essays - 500 words

Self Reflective Course Concept - Essay Example A brief recap on the old concept of business that dictates the main essence of establishing a business is to maximize profits. These old concept discouraged organizations against social responsibility as the accountability of the social responsibility on the part of the organizational profit could not be viewed. It is on these basis that the new concept of business was entailed which necessitated that the business carries out its activities, becomes socially responsible and maintains its customers. This was a crucial aspect for various business ventures as most of them sustained the business venture with confidentiality and loyalty from their customers. The aspect of Social responsibility can never be over-emphasized in any organization. Sir Immanuel Kant a deontologist suggested that in order for people to act morally they must act from positions of duty. He also added that it is not the various action consequences that make them either right or wrong, but the intensions or rather motives of the person carrying them. Deontological ethics refers to the ethical normative stance that determines how moral an action on the adherence of the rule and finally rules. To the business organization morals are determined by what is generally right. Aspects of giving consumers the right product quantity, disclosing enough information about the various goods and services, giving quality products are all issues covered in deontological ethics. Teleological ethics touches on morality that dictates the moral obligations and duties and distinguishes it from what is desirable or good. Ethical egoism can generally be referred to as the position accorded to the agents of morals. Those at positions that necessitates their exercise of morals. These are determined by what is in their own self interest. Their relationship to business ethics is that they all contribute to the topic on ethics and guide the ethical profession Teleological ethics touches on

E business exam questions Essay Example | Topics and Well Written Essays - 2500 words

E business exam questions - Essay Example The social welfare of the businesses increase and they look to increase the welfare to the customers. There can be price discrimination with the use of the Internet as the customers are aware of the products. The business houses may look to decrease the price of the goods to attract the customers. The e business model of Amazon is based on offering products at lower costs. This helps in the increase of the social welfare. With the rise of the Internet, various other business opportunities are open for the entrepreneurs. Complementarities: The model has described the services as the complementarities. The services of the e business model should be quick and precise. The basic concept is to provide the customer’s with valuable information that helps in the development of the business. Lock in: The lock in period of the business houses is relatively low while using the e business model. The search for customers’ get quicker and the cost is less than that of the traditional process. Therefore, the lock in of the company is automatically reduced. The company may also adopt a model to produce what is demanded. Novelty: In the e business model, there has been a rise in the novelty process with the rise of innovation. The business houses look to attract the customers with the use of innovative techniques. Amazon and Ebay offer discounts and gift vouchers, which encourage the customers to shop online. (Kirikova & Grundspenkis, 2002; Pp 378-379) Porter’s value chain activities describes that a relation exists between the firm’s activities regarding the suppliers and the customers. The value chain activities of a firm can be described as follows: With the advancement of technology and the use of the Internet, the value chain of a company can be related easily. The effectiveness of a company has increased with the use of the Internet. All the components in the value chain have been benefited by the use of the Internet. The