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A Case Study on a South African Investment
Pages 4 (1004 words)
In the 1970’s to the 1980’s turmoil has been brewing in South Africa regarding the apartheid system being practiced, as well as the oppression of the majority of the population by the minority.
Such a process creates a situation for the decision-maker that he or she has never done before (Ferrell, Fraedrich & Ferrell, 2008). On the other hand, business ethics is defined as applied ethics, and is the application of the knowledge of understanding what is good and right in the context of business, transactions and other related situations (Velasquez, 2012). The beliefs, values and goals of a company reflect what the management understands about handling the business through moral perspectives. However, many companies and other businesses have been labeled negatively due to the rise of scandals involving unethical and illegal operations, which challenges the trust ratings of the public (Ferrell et al., 2008). Another is that not only do companies suffer but entities they are associated with also get negative publicity just by being tied to them. Thus is the strong need for the implementation of strong business ethics in large groups and companies. ...
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