Ethics and Archer Daniels Midland - 646 Words

4. Consider the bill that Representative Engle and Senator Harkin attempted to enact into a law, but which never became a law because of the lobbying efforts of the chocolate companies. What does this incident show about the view that â€Å"to be ethical it is enough for business people to follow the law â€Å"? Human trafficking and child abuse are major problems along the west coast of Africa. Cocoa plantations are so notorious for the use of forced child labor (and forced adult labor) that U.S. Representative Eliot Engel and Senator Tom Harkin created a protocol to end child slavery and initiate labeling for products that are produced â€Å"slave free.† A joint committee was formed and called the International Cocoa Initiative, with the aim to have a†¦show more content†¦What do we mean? Look at the words independent of the definition, and consider how each person creates his or her own ethical boundaries. Besides, moral principles were clearly differing from person to person; wars are predicated on these notions. For the philosophy it is a belief system or theory. Right and wrong about anyone with an opinion can attest to the disparities between two or more people in this arena. In term of motives, one person might differ from circumstance to circumstance. The Consequences are often based on a fear of negative ramifications established through ones religious or philosophical beliefs and/or the norms, mores and rules of one’s community. So, from where we stand, it’s a very persona definition about the knowledge of which helps define the choices we make, the goals we achieve and the path our lives take. The shapes of our view of ethics are from everything. Our experiences (or lack of), peers, religious beliefs, edicts from a power we deem higher than ourselves. For example, international law or a Supreme Consciousness which people to whom we are exposed, for better or worse, and our decision to seek out models of ethical behaviour are all examples of how we shape our ethical portfolios. In conclusion, Ethics is a specialized study of moral right and wrong. It concentrates on moral standards asShow MoreRelatedInternal Auditing : Corporate Fraud, Greed For Power, Money, And Influence1165 Words   |  5 PagesThe purpose of this research is to provide a summary outline on internal auditing by uncovering motives behind corporate fraud, executives greed for power, money and influence. These issues will include a transitory story of the Archer Daniels Midland Company (ADM) scandal which results in fraudulent corporate practices using the fixed pricing scheme. If internal auditing practices were implemented at ADM may have saved investors and customers millions of dollars. This topic shifts to company responsibilitiesRead MoreMy Father Has The Most Interesting Story932 Words   |  4 Pagesrestaurant before joining the military. In regards to this class in general, and organized labor in particular, my grandfather has the most interesting story. My grandfather became a union member for the first time in 1951 when he began working for Archer-Daniels-Midland (ADM), a petrochemical company. He began as a member of a labor crew and gradually moved up to operating the refining systems that converted oils into paint base. In his third year at ADM, one of the union members was fired for drinking onRead MoreWhistle-Blowing In The Workplace Essay1413 Words   |  6 Pagesin the workplace: Do we stand by and allow business corruption as usual or prepare to take a fall for something? It sometimes requires uncommon courage, as whistle-blowing in the workplace is not so easy to do. What motivates you? Is it revenge, ethics or a combination? 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In 1828, a Dutch chocolate maker, C.J. Van Houten, invented the cocoa press that helped reduce the price of chocolate and bring it to the masses. In 1876, a Swiss man named Daniel Peter working in his friend Henry Nestlà ©Ã¢â‚¬â„¢s baby-food factory discovered a method of combining chocolate with milk to produce milk chocolate. In 1879, Rodolphe Lindt of Switzerland, produced chocolate that melted on the tongue by inventing â€Å"conchingRead MoreAcademia Barilla vs. Elbulli Strategic Mgmt Analysis4334 Words   |  18 Pagesreputation offered to Academia Barilla even the opportunity to occupy the big market share of th e Italian fake foods in the United States. But the cultural identification with Italy could even resolve in a threat because adverse social, political, ethic and morale issues on Italy could affect Academia’s image and reputation. Academia’s points of strength are also related to its complete integration with the overall group strategies and goals. This gives Academia the opportunity to utilize the managerialRead MoreCadbury an Ethical Company Struggles to Insure the Integrity of Its Supply Chain9818 Words   |  40 Pagesthe continent. Numerous Europeans further developed chocolate manufacture. In 1828, a Dutch chocolate maker, C.J. Van Houten, invented the cocoa press that helped reduce the price of chocolate and bring it to the masses. In 1876, a Swiss man named Daniel Peter working in his friend Henry Nestlà ©Ã¢â‚¬â„¢s baby-food factory discovered a method of combining chocolate with milk to produce milk chocolate. In 1879, Rodolphe Lindt of Switzerland, produced chocolate that melted on the tongue by inventing â€Å"conchingRead MoreBusiness Ethics and Global Economy10535 Words   |  43 Pages6433ch10.qxd_lb 10/19/06 10:43 AM Page 260 CHAPTER OBJECTIVES ââ€"† CHAPTER 10 Business Ethics in a Global Economy CHAPTER OUTLINE Ethical Perceptions and International Business Culture as a Factor in Business Adapting Ethical Systems to a Global Framework Global Values The Multinational Corporation Sexual and Racial Discrimination Human Rights Price Discrimination Bribery Harmful Products Pollution and the Natural Environment Telecommunications Issues Intellectual-Property Protection WorldRead MoreTech. Entrepreneur Essay8417 Words   |  34 Pagespeople who looked like they might be productive in developing new types of adhesives. In the course of that Polymers for Adhesives research program, which went on for four years, Silver found out about a new family of monomers developed by Archer-Daniels Midland, Inc., which he thought contained potential as ingredients for polymer-based adhesives. He received a number of samples from ADM and began to work with them. This was an open-ended research effort, and Silvers acquisition of the new monomersRead MoreBohlander/Snell-Managing Hr24425 Words   |  98 PagesReso urces, 14e, Bohlander/Snell -  © 2007 Thomson South-Western CHAPTER 15 International Human Resources Management 645 Figure 15.3 Cultural Environment of International Business EDUCATION/ HUMAN CAPITAL †¢ †¢ †¢ †¢ VALUES/IDEOLOGIES †¢ Work ethic †¢ Time orientation †¢ Individualism/ collectivism †¢ Risk propensity †¢ Achievement Primary/secondary Vocational Professional Literacy †¢ †¢ †¢ †¢ †¢ †¢ SOCIAL STRUCTURE Kinship/family Mobility Nationalism Urbanization Social stratification Paternalism/