This website uses cookies to ensure you have the best experience. Learn more

Commerce Essay

1594 words - 7 pages

The link between Utilitarianism Theory and the James Hardie Industries – ‘asbestos’ case has helped me to develop a deeper understanding of the difficult ethical questions asked in business and how corporations respond to those questions using moral philosophies. From the time when the short summary written in regards to the meaning and importance of the term ’responsible business’ in week 2, till today, I have explored various historical, moral, governance and economic aspects of business both domestically and internationally, proliferating my knowledge in regards to responsible commerce. I have come to understand the moral landscape or commercial enterprises which have ...view middle of the document...

James Hardie became aware of asbestos-related health problems among its employees as early as the 1960s. In 1978 the company began labelling products with warning stickers, informing handlers that dust from the products may cause cancer. In the 1980s James Hardie began making compensation payments to some workers, then in 1987 it ceased all production of asbestos products.
The battles for compensation here have been long and painful with the company to this day fighting to minimise liability. Part of the challenge in trying to establish the case for compensation in relation to asbestos-related disease has been the impenetrable nature of the company structure of James Hardie Industries, making it difficult to uncover a clear line of responsibility.

The summary written up in week 2 illustrated my limited knowledge and understanding of this topic. I began with a simple definition of the two words ‘responsible’ and ‘commerce’. Honestly, my acknowledgment of this topic was very limited to only the definitions provided at that point in time.
The Macquarie Dictionary defines the word ‘responsible’ as, which is to have an obligation to do something as part of a job or rule. My journey then leads me to define the word ‘commerce’, as the activity embracing all forms of purchase and sale of goods and services.
Utilising the definitions provided, at the time I have come to understand responsible commerce as that all business agendas of individuals including corporations have the obligation to meet the business related needs of shareholders, suppliers, customers, employee, the environment and local community groups all during the activity of purchasing and selling of goods and services. You see the responsible aspect of commerce in the economical market and my initial understandings lead me to this conclusion: social responsible commerce is a fundamental ingredient of a successful economical market especially since it has respect for basic human values; honesty, trust, and fairness. These values must become an integral part of business culture and practice for markets to remain free and to work efficiently. Responsible commerce work towards the growth and success of both companies and economies internationally.
Initially I didn’t notice that my initial interpretations of this subject as outlined in the written summary, was in fact describing one of the many principles of the Utilitarianism Theory. Utilitarianism is usually described as a consequentialist, and normative theory. John Stuart Mill was amongst the first to state a theory of such, “actions are right to the degree that they tend to promote the greatest good for the greater number” as stated on the philosophical investigations web page. Today, this statement is further defined and described as according to Fieser, “correct moral conduct is determined solely by a cost-benefit analysis of an action’s consequences”. The person that I am I solely believe in making decisions based on...

Other Papers Like Commerce Essay

The Marketing and Supply Chain Change in E-Commerce

2973 words - 12 pages in the digital world |14-15 | |IV. Conclusion and Recommendations |15 | |Bibliography |16 | Abstract The goal for this essay is to describe the analysis about the pattern changes

M Commerce Essay

1453 words - 6 pages FreePaisa for the world q Home q About FreePaisa for the world Electronic Financial blog post Posts Comments NBAD to dial ‘R’ for remittance National Bank of Abu Dhabi (NBAD) has signed an agreement with MoneyGram International to allow customers to send money home using mobile phones. Recent Posts q NBAD to dial ‘R’ for remittance Worldwide Mobile Payment Users to Reach 108.6 Million in 2010 Mobile banking will


2589 words - 11 pages Introduction Even today, some considerable time after the so called ‘Internet revolution’, electronic commerce, commonly known as e-commerce or eCommerce, remains a relatively new, emerging and constantly changing area of business management and information technology. There has been and continues to be, much publicity and discussion about e-commerce. According to the editor-in-chief of the International Journal of Electronic Commerce


1050 words - 5 pages Benefit Benefits To Consumers That Use e-Commerce Maxine Jones Strayer University Professor W.E. Simonpietri Fundamentals of E-Business 107 January 30, 2011 Electronic Commerce consists of buying and selling of products and services over electronic systems, such as the internet and other computer networks. We are now able to conduct business, socialize, and trade in a more innovative way. Electronic Commerce early beginnings

M Commerce

723 words - 3 pages M-commerce(Mobile Commerce) is “the delivery of electronic commerce capabilities directly into the hands, anywhere, via wireless technology” and “putting a retail outlet in the customer’s hands anywhere.” This can be done with just a mobile phone, a PDA connected to a mobile phone or even a portable PC connected to a mobile phone. M-commerce is the buying and selling of goods and services through wireless handheld devices such as cell phones

Electonic Commerce

4768 words - 20 pages Electronic Commerce (E-Commerce) [pic] Chapter 1: Introduction o Background information Electronic commerce has revolutionised the entire process of business operation and transaction itself in the day-to-day business. The growth of electronic commerce is mainly with the technological advancements and the innovative methods of sales and conducting transactions over the Internet. Alongside, the increase in the competition and the

Commerce Homework

601 words - 3 pages What is the ‘Agency Problem’? The agency problem is a conflict of interest inherent in any relationship where one party is expected to act in another's best interests. For example in corporate finance, the agency problem usually refers to a conflict of interest between a company's management and the company's stockholders. Briefly explain the main series of events that led to the collapse of Storm Financial, focusing in particular on the


637 words - 3 pages Luisa M. RiveraCarlos DomingoMireia SaragossaOctober 23, 2014iPremier Case Study1. Evaluate the competitive forces against iPremier.iPremier found in 1996 based out of Seattle; iPremier was an online retailer selling luxury and vintage goods. It becomes a public offering and even though there were problems during the late 90s and early 2000s by 2006 iPremier profits were $2.1 million with sales of $32 million.The attack that lasted for 75 minutes

Commerce Bank

2734 words - 11 pages Executive summary Commerce Bank offers deposits and loan services to customers in three Eastern states of the country. The bank has undertaken a customer focused approach towards delivering banking service to its clients. For that purpose the bank has adopted the practices of the retail industry towards imparting an atypical experience quite uncommon in the banking industry. Besides, the bank has used leaders in the retail industry as a

Mobile Commerce

562 words - 3 pages Personality of Sir Fazle Abed Extraversion: Sir Fazle Abed is very friendly to his subordinates. Sir Abed was eloquent but soft-spoken, almost surprisingly so for the leader of such a large international development organization, illustrating the qualities of ‘quiet leadership.’ He was inspiring in his humility and down to earth nature, without a trace of arrogance in his demeanor. And perhaps most of all, he was open about the challenges

Electronic Commerce

870 words - 4 pages ELECTRONIC COMMERCE Name of the Student Institution Date ELECTRONIC COMMERCE Introduction The global transition from the analogue era to the digital era has brought along significant transformation. The introduction and use of the internet have made the world to be like a small village. This wave of migration from analogue to digital has seen the major field of different disciplines embraced the use of technology today.1 Commerce, being a

Related Essays

E Commerce Essay 912 Words

912 words - 4 pages Name : Chan Kiat Yee, Tham Tsun Chen Student ID : 15009442 , 15013998 Course Code : ENG1014 Course Name : English For Business Assignment : Argumentative Essay Weightage : 15% Title of Essay : In your opinion, will e-commerce replace the traditional business transaction within the next ten years? Justify your stand and support your arguments with reasons and examples. You should write between 600 and

E Commerce Essay 1733 Words

1733 words - 7 pages to help employees feel that they are part of the change. Essay (15 points, 3 points each) 61. Discuss the importance of transaction costs. 62. What are the guidelines that must be followed by Web designers when creating a Web site that is intended to meet the specific needs of customers? 63. List at least five software components that large and complex electronic commerce sites can include in

E Commerce Study Guide Essay

2231 words - 9 pages . __DOMESTIC__________________ transactions usually include only the seller, the buyer, their respective banks, and one freight carrier. 25. ___INTERNATIONAL_________________ transactions usually require the coordinated efforts of customs brokers and freight forwarding agencies because the regulations and procedures governing them are so complex. Essay 1. Describe the three categories of electronic commerce that are most commonly

Commerce In The Post Renaissance World Essay

1037 words - 5 pages 24 July 2010 Essay Exam Commerce in the post-Renaissance World Commerce, throughout the post-renaissance era has become increasingly more important. In the seventeenth century, the idea of Technological Project (control of nature for human benefit) was introduced by Bacon and Descartes. This was very important because at the time, many people thought in terms of conformity to nature, not in terms of transforming nature for human benefit