MGT 324 Saudi Electronic University Management Worksheet

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User Generated

User

vfenn_g

Subject

Business Finance

Course

MGT 324

School

Saudi electronic university

Department

MGT

Description

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College of Administrative and Financial Sciences Assignment 1 Academic Year: 1440/1441 H Course Name: Public Management Student’s Name: Course Code: MGT 324 Student’s ID Number: Semester: II CRN: For Instructor’s Use only Instructor’s Name: Students’ Grade: Marks Obtained/Out of Level of Marks: High/Middle/Low Instructions – PLEASE READ THEM CAREFULLY • The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. • Assignments submitted through email will not be accepted. • Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page. • Students must mention question number clearly in their answer. • Late submission will NOT be accepted. • Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. • All answered must be typed using Times New Roman (size 12, double-spaced) font. • Submissions without cover page will NOT be accepted. Assignment 1 Submission Date by students: Before the end of Week7 Place of Submission: Students Grade Centre via blackboard. Weight: 05 Marks CLO: Apply critical thinking to make and defend business decisions (LO 2.4) CLO: Ability to rise to ethical issues and challenges in the context of public management (LO3.3) Write a 3-page paper on the following topic: “Ethical standards are greatly affected by cultural factors”. In the light of the statement, give some suggestions to develop standardized set of ethical standard for industry. Do you believe that it is impossible to develop a standardized set of ethical standards for improving industry, or do you feel that cultural differences make universal ethical standards impractical and/or impossible?
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Running head: ETHICAL STANDARDS

1

Ethical Standards
Name
Institution

ETHICAL STANDARDS

2

Ethical standards are principles created by an organization or industry to encourage
values, which include fairness, responsibility, trust, transparency, ethical behaviors, and
kindness. These moral values offer a structure that can get used as a referral for decision-making
exercises. Ethical standards tend to be essential in a company's culture because they initiate the
criterion of behaviors that business owners and managers expect from their employees and
suppliers (Valentine, & Fleischman, 2008). Organizations don't tend to follow one logical set of
standards, but every industry has the entitlement to establish rules which are essential for their
company.
I believe that it is impossible to make global ethical standards. I agree that it is true that
cultural factors mostly influence ethical standards, therefore, with the varying cultures in the
universe, it would be inappropriate to establish global ethical standards. Cultural diversity tends
to make it challenging to create a single set of ethical standards. For instance, in China, it is illmannered to look a person directly in the eyes, while ...