The ethical no-free-lunch rule states that __________.
Responding to environmental problems has always been a no-win proposition for managers, report Noah Walley and Bradley Whitehead in “It’s Not Easy Being Green” (May–June 1994). Help the environment and hurt your business, or irreparably harm your business while protecting the earth. Recently, however, a new common wisdom has emerged that promises the ultimate reconciliation of environmental and economic concerns. In this new world, both business and the environment can win. Being green is no longer a cost of doing business; it is a catalyst for innovation, new market opportunity, and wealth creation. The idea that a renewed interest in environmental management will result in increased profitability for business has widespread appeal. In a new green world, managers might redesign a product so that it uses fewer environmentally harmful or resource-depleting raw materials—an effort that if successful could result in cuts in direct manufacturing costs and inventory savings. This new vision sounds great, yet it is highly unrealistic, Walley and Whitehead argue. Environmental costs are skyrocketing at most companies, with little chance of economic payback in sight. Given this reality, they question whether “win-win” solutions should be the foundation of a company’s environmental strategy. Twelve experts assess both viewpoints and offer their comments. Should “win-win” solutions should be the foundation of a company’s environmental strategy? A version of this article appeared in the July–August 1994 issue of Harvard Business Review. Download:
NSPE Code of Ethics Preamble I. Fundamental Canons II. Rules of Practice III. Professional Obligations Footnote 1 "Sustainable development" is the challenge of meeting human needs for natural resources, industrial products, energy, food, transportation, shelter, and effective waste management while conserving and protecting environmental quality and the natural resource base essential for future development. As Revised July 2019 By order of the United States District Court for the District of Columbia, former Section 11(c) of the NSPE Code of Ethics prohibiting competitive bidding, and all policy statements, opinions, rulings or other guidelines interpreting its scope, have been rescinded as unlawfully interfering with the legal right of engineers, protected under the antitrust laws, to provide price information to prospective clients; accordingly, nothing contained in the NSPE Code of Ethics, policy statements, opinions, rulings or other guidelines prohibits the submission of price quotations or competitive bids for engineering services at any time or in any amount. Statement by NSPE Executive Committee In order to correct misunderstandings which have been indicated in some instances since the issuance of the Supreme Court decision and the entry of the Final Judgment, it is noted that in its decision of April 25, 1978, the Supreme Court of the United States declared: "The Sherman Act does not require competitive bidding."
NOTE: In regard to the question of application of the Code to corporations vis-à-vis real persons, business form or type should not negate nor influence conformance of individuals to the Code. The Code deals with professional services, which services must be performed by real persons. Real persons in turn establish and implement policies within business structures. The Code is clearly written to apply to the Engineer, and it is incumbent on members of NSPE to endeavor to live up to its provisions. This applies to all pertinent sections of the Code. Copyright © National Society of Professional Engineers. All rights reserved. What is the ethical no free lunch?ethical "no free lunch" rule. Assumption that all tangible and intangible objects are owned by someone else, unless there is a specific declaration otherwise, and that the creator wants compensation for this work.
What ethical principle suggest to take the action that produces the least harm or potential cost?The Utilitarian Approach
Second, we ask who will be affected by each action and what benefits or harms will be derived from each. And third, we choose the action that will produce the greatest benefits and the least harm. The ethical action is the one that provides the greatest good for the greatest number.
Which of the following ethical guidelines suggests that you put yourself in the place of others and think of yourself as the object of the decision quizlet?The ethical guideline that asks you to put yourself in the place of others, and think of yourself as the object of the decision, is called the Utilitarian Principle.
What is not a feature of the general data protection regulation GDPR )? Quizlet?What is not a feature of the General Data Protection Regulation (GDPR)? It prevents firms from using cookies. The GDPR created a ________ framework in order to enable U.S. businesses to legally use personal data from EU countries.
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