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

Is Responsible Business Important? Essay

638 words - 3 pages

Week 6 tute: Is Responsible Business Important? (Assessed)
Research about the ‘phone hacking’ scandal involving News International and be prepared to discuss the following based on the ‘Sorry’ advertisement reproduced below.

1. Identify three key aspects of the ‘phone hacking’ scandal?
On 13 November 2005, the News of the World published an article written by royal editor Clive Goodman, claiming that Prince William was in the process of borrowing a portable editing suite. Following the publication, the Prince and royal staff met to try to figure out how the details of their arrangement had been leaked, as only two other people were aware of it, and asked police for investigation.
In August 2006, Goodman and private investigator Mulcaire were arrested by the Metropolitan Police, and later charged with hacking the telephones of members of the royal family by accessing voicemail messages.
It was first reported by The Guardian on 4 July 2011 that police ...view middle of the document...


Until the report of Milly Dowler the victims seemed to be royal members, celebrities, publicists, politicians and other journalists – the sort of people who, in the British mind, probably deserve what they get. But the following reports showed that the victims could also included ordinary people, which stoke public outrage.

2. Identify the parties impacted by News International’s unethical actions?
Victims:
Royal members, celebrities, publicists, politicians, other journalists and even ordinary people, families of the victims and soldiers killed in the war.
Responsible:
Rupert Murdoch’s company. Corrupt police.

3. If you were Rupert Murdoch, what would be the most difficult sentence to write in the ‘Sorry’ advertisement? Why?
I think the most difficult sentence to write is ‘our business was founded on the idea that a free and open press should be a positive force in the society’. Because this sentence admitted fault of their business, the Newspaper industry supposed to be bear the responsibility but obviously they did not do. In today’s competitive media market, news outlets face a dilemma between reporting in the public interest and reporting anything that might interest the public. In the bigger picture of a globalised media, the News of the World crisis is a mighty wake-up call to the minority of corruptible media engages to in media development with ethical behaviour.

4. “We regret not acting faster to sort things out.” Why is timing important in ethical behaviour?
Rupert Murdoch was emphasis that they regret not acting faster to sort the problem. So the ‘phone hacking’ scandal lead to more victims who has suffered from the event and the impacts become worse in the sociality.
As we known, timing is important in ethical behaviour. They can create a positive image of a business that boosts the growth and sales by increasing consumer trust. On the other hand, breaching business ethics could create serious damage; causing customers turn their backs on a business. Faster to establish a remedial plan to resolve these issues and make amends for the damage they have caused is useful for repair the company's damaged image. Timing will have the enterprise loss reduce to a minimum if the enterprise operation in immorality behaviour.

Other Papers Like Is Responsible Business Important?

Business Structures Essay

579 words - 3 pages Business Structures Fin/571 Business Structures This week we learned about the different business structures to consider when establishing a business. It is important to note the advantages and disadvantages of each business structure when planning a business. The main business structures include sole proprietorship, partnership, and corporation. Sole Proprietorship Sole proprietorship is a business owned by one person. It is the

Ethical and Socially Responsive Business Essay

1049 words - 5 pages Conduct helps a business follow guidelines, rules, and regulations. This helps the business run smooth and effectively while gaining profits and customers. This also helps and guides all staff to implement the rules in their everyday work habits. It is important for the code of ethic to be followed to prevent wrong doing that can affect the business. The Cheese Cake Factory can engage in socially responsible activities in the community by donating

Legal Forms Of Business

1118 words - 5 pages LEGAL FORMS OF BUSINESS Legal Forms of Business Law/531 April 12, 2012 Robert Payne Legal Forms of Business Choosing the proper business organization structure is one of the most important decisions that a business owner must make. The type of organization will determine how the business handles tax matters and whether there is protection against personal liability. A business owner should consider several factors in choosing a

Purpose of Business

664 words - 3 pages Running head: THE PURPOSE OF BUSINESS The Purpose of Business University of Phoenix Purpose of Business Businesses have many purposes in today’s society. Business is responsible for the state of economy in the nation. Business is also responsible for the invention of new technology and advancements of the human race by providing a means of competition. Without business there wouldn’t be a drive to improve the way of life. Business

Responsible Businessman

589 words - 3 pages work. The success of Microsoft and Apple are evidences for the role of responsibility in business. Finally, responsibility is not only to the business or society but it is more important for ourselves. We are responsible to keep up and stay on top. Never give up is essential to our success. In business world, competitions are never ended; therefore, we business people have to face with difficulties and harsh conditions. However, we couldn't

Education

581 words - 3 pages In my opinion, responsible business means that responsible of a corporation. As we all know that main purpose of corporation is for generating income. However, responsibility is necessary for a corporation. Responsible business is about the positive changes and making valuable contributions to the stakeholders such as the local community, customers, supplier, investor and employee. In other words, company use profits to do well in the world

Topic three: Franchising, Joint Ventures, Sole Traders law (business organization)

552 words - 3 pages as, small professional practices, builders, plumbers, delis, etc.The business organisation is, in effect, the individual who is responsible for setting up, operating and leaving the sole tradership in any manner he or she please.There is no law relating specifically to sole traders. They are, however, subject to laws connected with fair trading, local authority regulations (if operating out of a residence), tax, etc. The Business Name Act is

Function of Business Area

1251 words - 6 pages of activities. All businesses will carry out each of these functions but not every business will have separate deparment that is responsible for each functions. It is all depends on the size of organizations. All functional are of business are very much important to organization. Few functional areas that interest me are Human Resource and Finance. Human Resources is important department. The main purpose of Human Resource deparment is to

The Next Nigga

583 words - 3 pages grow revenue and profits will have direct conflict with remaining ethical. The most important why the researcher of this topic written this is with the help of significant happening on problem of business on how business ethics drives a company to arise in every challenges they might engage. The important part of business ethics are to define appropriate behavior, creating organizational values, establishing accountability in the workplace and

Legal Forms Paper

1275 words - 6 pages to start an S corporation. The S corporation allows a business owner to start a corporation without the corporate tax structure and double taxation. The benefits of an S corporation are that business taxes pass though to the owner’s individual taxes avoiding double taxation, all start up costs can be deducted on income taxes, and the protection against liabilities. One disadvantage is that the owners could be held personally responsible for

Week 2 Hrm

765 words - 4 pages Analyze the Role of a Manager within the Functional areas of Business Amy Fenn MGT/521 May 1, 2014 University of Phoenix Abstract Management is defined as; the process of dealing with or controlling things or people. In order for a business to be successful three major key roles are put into consideration. The first role being, Human Resources, which is responsible for the proper chain of command within a company, pertaining but not

Related Essays

Why Is Strategy Important To Business

983 words - 4 pages Unit Two Assignment – Why is Strategy Important to Business? John Rapier Kaplan University School of Business and Management MT460-01 Management Policy and Strategy Dr. Carrie A. O’Hare July 11, 2012 Unit Two Assignment – Why is Strategy Important to Business? While it could be argued that as students while we may not view the path we are following as a strategy, in truth we are, even if we haven’t codified it

In Business, A Mission Statement Defines What An Organization Is, Why It Exists And The Reason For Being. What Are The Benefits Of Having A Highly Defined Mission Statement? Explain Why It Is...

1843 words - 8 pages In business, a mission statement defines what an organization is, why it exists and the reason for being. What are the benefits of having a highly defined mission statement? Explain why it is important for a company to define its values explicitly. Mission statements, a formal summary of the vision, objectives and values of a company, have become increasingly popular around the world. With the correct formulation and implementation, a mission

Forms Of Business Essay

987 words - 4 pages that it is easier to get the business up and running due to the fact that there are many investors pooling capital. The shareholders benefit because they are not held liable for the debts of the corporation. They may lose their investment in the corporation if it fails, but they won’t be personally responsible. Now that you know the advantages of each business firm, it is important to understand the disadvantages. With a sole proprietorship

Differences Between Sole Proprietorship And Partnerships

732 words - 3 pages is not a legal entity and simply refers to a person who owns the business and is personally responsible for its debts. However a partnership is a single business where two or more people share ownership, still it is not a separate entity from its owners. Each partner contributes to all aspects of the business, including money, property, labor or skill. In return, each partner shares in the profits and losses of the business. There are difference