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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Project 1_ Goldman Sachs

Project 1_ Goldman Sachs

Q Instructions Step 1: Write the Introduction Create the introductory paragraph. The introductory paragraph is the first paragraph of the paper and tells a reader the main points covered in the paper. To help you know how to write an introduction, view this website to learn how to write an introductory paragraph: http://www.writing.ucsb.edu/faculty/donelan/intro.html Step 2: Answer the following Describe the contrast between Normative Ethics and Descriptive Ethics and which best defines the corporate climate at Goldman Sachs. Discuss advantages and disadvantages of an Ethics Based on Duties philosophy at Goldman Sachs Identify and explain at least one ethical issue from the case scenario; provide at least one ethical dilemma that is associated with the ethical issue you identify. What ethical philosophy best describes the corporate culture of Goldman Sachs? Support your position with sound reasoning and relevant course material. Define cultural relativism and explain how it relates to the case study. What might be the best description for promotions at Goldman Sachs; 1) the result of hard work or 2) determined by broader guidelines such as competition? Explain. Rank and yank is a management philosophy by former General Electric Company CEO Jack Welch. Every year the entire workforce should be ranked and the bottom 10 percent are fired. Through course reading and case studies, is Rank and Yank a characterization of the Darwinian, survival-of-the-fittest theory? Explain and support your position.

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Business ethics can be considered as very important for an organization as it helps to manage and control the consumers, employees and the business operations in an ethical and honest manner. In today’s modern business era, most of the companies try to follow the business ethics for earning the reputation and to avoid any kind of legal and financial issues (Brusseau, 2012, p.139). In this assignment, there will be a detailed discussion on several topics related to the business ethics. Goldman Sachs is a famous corporation in the United States.