Wednesday, 22 May 2013

Haaachuummmm...! Berhabuknya...

Assalamualaikum... ^^ um.. Kalau tengokkan tajuk kat atas nie, memang dah syak dah.. Sah lah dah berhabuk bebenor Blog aku nih.. Semenjak further study ni aku dah susah nak sentuh blog kesayangan ku nie.. 

Buzy sangat ker?? 


Nak dijadikan cerita tak la buzy mana.. Cuma letih dan  haa yang ni masalah yang paling besar sebenarnya.. 'M' ni besar sangat.. MALAS..! huh.. Tak dapat nak menolongnyer.. haa haa


Eyup! Sebenarnya aku baru je lepas dari exam week... Yahoooo!!.. Cayalah... Sebab itu la aku rajin nak mengupdate Blog kesayangan ku nih.. hee~ Cite dye skarang aku tengah cuti sem selama beberapa minggu nih.. Yeay! sukenyeee... Suka2 jugak, tapi ingat dok rumah jangan duduk saja.. Tolong2 la ibu abah kat rumah tuu.. Bila lagi kita nak tolong mereka kalau bukan masa cuti ni.. Jadi amik la sedikit waktu tolong2 kemas luar dan dalam rumah.. ^^ Peringatan untuk semua dan juga diri sendiri.. Chill la.. Besar pahala nya tolong ibu bapa.. Tambah lagi jika hati kita IKHLAS.. Ikhlas dalam melakukan apa jua amalan yang diredhai Allah.. Haa, dalam bab ni jangan nak besar sangat 'M' tu ye.. Kalau 'M' nak update Blog tak pe.. JANGAN 'M' nak tolong ibu bapa.. JANGAN! Cuba Cuba & Cuba rajin2 kan diri tue ye.. 


~ Keep Following My Blog.. TQ.  ~


Saturday, 23 February 2013

Assignment 2: Relationship Between Law, Ethics and Justice


BUSINESS ETHICS & CORPORATE GOVERNANCE
(EIB20103)

ASSIGNMENT 2

PREPARED FOR:
PROFESSOR SR DATO’ DR KAMARUDIN MOHD NOR
PREPARED BY:
NURBALQIS BINTI MOHD NASIR (62289113089)
BBA (HONS) ISLAMIC FINANCE


Explain briefly the relationship between law, ethics and justice?

            According to L. B Curzon law has been defines as the written and unwritten body of rules largely derived from custom and formal enactment which are recognized as binding among those persons who constitute a community or state, so that they will be imposed upon and enforce among those persons by appropriate sanctions. This shows that law is a set of rules that being set by the legitimate government that must be strictly adhered to among the citizens. It also had been develop in a long time period of time in order to regulate the interactions between the people. It also determines what is right and duties of the citizens towards one another and towards their state. When there is any of them failure to follow the rule will results to appropriate punishment. Law also is covered with political, social and economic relationships in the society.

            For ethics comes from Greek word “ethikos” which is means “arising from habit”. Ethics is defined on human behavior of right and wrong, good and bad and proper and improper of human action example in terms of fairness, honesty, murder, slander, and other. Ethics is about morally correct behavior in human action in order to behave with another person that will create a good relationship. It cover how to live with a good life, human rights and responsibility, the language of right and wrong and human moral decision. Ethics has been derived from the religions, philosophy and culture of the people. It is important for human to practice it because it will affect to the way of human beings behave either good or bad.

A justice is a moral rightness based on the ethics that being performed by the people, rationality, law, natural law, fairness, religion and equity. Justice is the result of the fair and also the proper of administration of law. It is important for an individual in every state because justice is the honesty and fairness that represent of facts respecting the rightness. So, justice is the content of the obligations of one person toward another.

            Law and ethics are intimately related with each other because law will enforce the ethics. Basically, law is based on the moral principle of the society. Both are needed with each other in order to create a great extent. The law is creating form an ethical which have been chosen with the country, religion and others. With combination of law and ethics as a result the enforcement of the duties among the citizens is performed by the individual or if they did not perform it will be punished according to the state law. Every people can behave either good or bad, but the bad behavior is unethical behavior as a human. In order to make sure that people are always behave with an ethical behavior so that the state have to govern the law. With having the law, the citizens can be treated fairly, had a legal professionals practice with integrity. When there is conflict between the individual and other parties, there is the law that should be followed. From the law it will give justice to the both individuals because the law will result which individual are right. Law, ethics and justice are complimentary with each other because to guide citizens to have a good human behavior, to create the healthy society between each other in order to have a better life and in order to prevent any crime happened in the country.

Law and ethics are in two parallel lines which some people feel that what are illegal maybe considered as ethical and another people feel what considered legal maybe is considered unethical. For example, it is not illegal to lie to a friend but many of people believe it is not an ethics. This is why the government will amend the law based on the ethical of human behavior that people on the state are considered to be ethical. This shows that law and ethic is not the same things but it has a relationship in order to make people became more ethical because the ethical duties are exceed the legal requirements. There is some good example on how law is applied to the ethics such as employment law, European regulation and codes and ethics. To the businesses that applied this ethics and also policies will have a little or there is no legal imbroglio with the governments, customers and employees.

Therefore, it is important to the government to applied law, ethics and justice in their citizen life. When there is a law, all people can behave like a good moral behavior and there will be always a justice which is important for the human right.


References
Oluwaseun P. Adeola (2010). “The Relationship between Law and Ethics” http://goodluck4ever.hubpages.com/hub/Law-and-Ethics-Relatioships
Steve Sheppard (2003). “Law, Ethics and Justice” http://www.eolss.net/Sample-Chapters/C04/E6-31-03.pdf


Wednesday, 30 January 2013

Assignment 1: Business Ethics & Corporate Governance (EIB20103)



BUSINESS ETHICS & CORPORATE GOVERNANCE
(EIB20103)

ASSIGNMENT 1

PREPARED FOR:
PROFESSOR SR DATO’ DR KAMARUDIN MOHD NOR
PREPARED BY:
NURBALQIS BINTI MOHD NASIR (62289113089)
BBA (HONS) ISLAMIC FINANCE



  1)      Definition of ‘Business Ethics’ and why business ethics is considered ‘Oxymoron’?

According to Dicksee, "Business refers to a form of activity conducted with an objective of earning profits for the benefit of those on whose behalf the activity is conducted." This is means a business is a form of economic activity which have a transaction between the seller and buyer with an objective of gain a profit. The activity will involves an offer made by the seller and another party is buyer will accepts the offer. So, both of the parties will get benefits with the contract made. For ethics is defined on human behavior of right and wrong, good and bad and proper and improper of human action example in terms of fairness, honesty, murder, slander, and other. Ethics is about morally correct behavior in human action in order to behave with another person that will create a good relationship.

According to Andrew Crane, “business ethics is the study of business situations, activities, and decisions where issues of right and wrong are addresses”. It show that all business have to concentrates on their moral standard in order to apply in their business policies, institutions and behavior. Having a good business ethics can bring a successful to the business that should be applied by the junior employees until to the management staff. It is important which they did not only concentrate for their profit but also for their ethical in order to build a good relationship and loyalty among their customers and clients. So, the business can increase their lifetime for a long term because of honesty, loyalty and co-operation made by the business to others.

Business ethics, it has been claimed, is an oxymoron (Collins 1994). By an oxymoron, we mean the bringing together of two apparently contradictory concepts, such as in ‘a cheerful pessimist’ or ‘a deafening silence’. This is means the mix of business and ethics which is without ethics the business could not function in a good condition because the behavior requires a great deal of trust and integrity. For example if the business require unethical business behavior the business operation might throw away their bad chemical on the river which might pollution the environment and might lied to their customer regarding their product and services was an unethical way in the business. Therefore business ethical is important in every business activity because it provide honesty, trustworthiness and co-operation between each others. So, business activity are impossible if the business always lied to their customers, buyers and seller are never trusted with each other and employees also refused to help each other. This might make the business meet to the bad earning goal.

It is important for the business to apply ethics in their business that will provide excellent service and retain customers. For example like KFC Company which has uncountable employees working for them are a representative to the company customers. All of the employees have to prepare foods and provide a good service for their customer everyday is an ethical practice in order to being a professional staff. When the employees being professional so, they can satisfy the company customer and make the customers to keep purchasing KFC Company products and this situation will make the company can retain their customers. Ethics also is important in business in order to produce safe and effective products. For example like Toys “R” Us Company which produce toys that most focuses on children. It is important for the company to adopt policies and standard operating procedures manner that the business manufacturing product should be conduct. They have to follow the policies in order to meet the highest safety standards for manufacturing toys for children which can avoid children from dangerous when playing their products. So that, the company can produce safe and effective product for their customers.

There are many benefits of ethical business which is increasingly in commitment among the employees. This is because the employees realize that their future is based on the growth of the business. So that they will strive to help the business grows which will give benefits for them and make the employees to taking care of the businesses. Other than that, ethical business will improve trust of customers in company products and services. Like Toys “R” Us Company provide a safety product for their customer based on their policies and standard operating procedures manner which is the company need to follow because it was the company ethical to produce safety product. When the company adopts the policies will make their customer trust with their quality of product they offer. Ethical business also will promote the organization in a strong public image.  For example like Mydin Mohamed Holdings Bhd. Company which is a Malaysian chain of hypermarket have a good public image via their customers. This is because the way their threat their employees and the way their treat the communities is part of their overall behavior which give a good public image. While the Wal-Mart Company has a terrible public image even they produce product in good quality and extremely low price but they still have a negative public image. This shows that business ethics play a large role in the organization in order to determining public image since they determine behavior.

2)      Definition of ‘Corporate Governance’?

The definition of corporate governance is ‘the process and structure used to direct and manage the business and affairs of the company towards enhancing business prosperity and corporate accountability with the ultimate objective of realizing long-term shareholder value whilst taking into account the interest of other stakeholders’. (Lee, 2003: 41) From my understanding this shows that corporate governance is the combination of process and structure by which business and affairs of corporate sector is being inform, direct, manage and monitor all the organization activities in order to achieve the organization objectives. The corporate governance is conducted by the board of Directors and the concerned individual committees for the company stakeholder’s benefits. It makes a various interaction between the shareholders, board of directors and the company management in order to shaping the corporate performance.  For example like Nestle Company, which they have their own organization structure which contain of the directors, head of department and staff that in charge to handle the management of the company in order to make the company to run smoothly and to achieve the organization objectives.

Other than that the corporate governance is beyond the law and it is related with the Corporate Social Responsibility (CSR) which will enhance the company image and give benefits to the communities. For example like Avon Company that apply CSR in their company by protecting the environment like produce Avon paper promise and hello green tomorrow which they can reduce on using plastic. From the CSR implementation will provide brand awareness towards their customer. All the customer that care about the environment will keep supporting the company and will keep purchasing the product.

There are three objectives of corporate governance which firstly is to build up an element of trust and confident. This is important in order to keep maintaining their stakeholder’s. For example like food company in Malaysia, as everyone know Malaysia is an Islamic country, so that all food company need to produce legal and ‘halal’ food. The company needs to have HALAL certificate from JAKIM, so that all customer will feel confident with the product and trust towards the company product. Secondly is to enhance stakeholders’ value by have a strong corporate governance structure because it sees that have a higher valuation to their shares. So if the company has well corporate governance will attract shareholders to invest in the company. Lastly is to enhance corporate performance and accountability. By improving the corporate performance and accountability will maximizing the long-term value of the company itself especially for their stakeholders and all of their partners.

References
What is Business? Meaning Definitions Features of Business. (n. d.). Retrieved January 27th, 2013, from http://kalyan-city.blogspot.com/2011/03/what-is-business-meaning-definitions.html
What are Business Ethics? Meaning Definition Features. (n. d.). Retrieved January 27th, 2013, from http://kalyan-city.blogspot.com/2011/09/what-are-business-ethics-meaning.html
Part A: Understanding Business Ethics. (n. d.). Retrieved January 28th 2013, from http://www.oup.com/uk/orc/bin/9780199564330/craneandmatten3e_ch01.pdf
Nor Azizah Zainal Abidin and Halimah @ Nasibah Ahmad (2007). “Corporate Governance in Malaysia: The Effect of Corporate Reforms and State Business Relation in Malaysia” http://web.usm.my/aamj/12.1.2007/AAMJ%2012-1-2.pdf

Copyright@Segala yang Tercatat di Blog ini adalah Hak Milik Semuanyadcni.blogspot