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Apr 17, 2024 · Revision notes on Business Ethics for the AQA GCSE Business syllabus, written by the Business experts at Save My Exams.
worthwhile exploring how ethics interacts with conduct and culture in banking and finance, and what firms must consider in order to ensure they continue meeting expectations.
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- Epistemic Challenges
- Motivational Challenges
- The Coordination Challenge
Whereas the causes of harm done to individual clients, for example, the sale of an unsuited product, can be identified relatively easily, the causes of systemic harms are more difficult to understand. These harms are brought about not by single actions, but by the behavior of the system as a whole. This makes it difficult for individuals to underst...
For bankers working directly with clients, it is relatively easy to develop a motivation not to harm them, because they know who their victims would be and how they would be harmed. If one is in direct contact with individual human beings, and especially if one has a long-term relationship with them, it is likely that one empathizes with them and w...
The last challenge is maybe the most obvious one, but its full weight only becomes visible once it is seen in conjunction with the epistemic and the motivational challenges. Many forms of systemic harm are caused by numerous agents, or even by the financial system as a whole—and today, this system is a global one. Preventing systemic harms will, in...
Dec 8, 2017 · This paper aims at analyzing the benefits of business ethics and at identifying the ethical behavior of managers in a big company in Croatia. Qualitative research was conducted and interesting...
Aug 3, 2020 · The holistic approach to banks’ ethics presented in this chapter bases the analysis of banks’ ethical orientation on the institutional nature of financial intermediaries, their ultimate strategic goals, their role in the economy and in society, and their effects on governance.
Mar 13, 2021 · The aim of this article is to examine the social context of the banking business and to define the basic attributes of corporate social responsibility and ethics in commercial banking.
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calling “business ethics in the broadest sense” today, even if most scholars of business ethics could be said to assume as a starting point the basic legitimacy of private-sector markets for goods, services, labor, and capital, along with the legitimacy of government regulation of such markets.