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Brad Staudt
9/17/15
Intro to Business and Economics
Article Analysis
Article title: “The ‘Do Whatever It Takes’ Attitude Gone Wrong” published by the Huffington Post
Of the many possible ethical dilemmas that people could face in the business world, the article: “The ‘Do Whatever It Takes’ Attitude Gone Wrong” portrays particular ethical situations in todays business world that are very common: poor social responsibility and its negative effects. Social responsibility is considering what affects business decisions and products have on society. The article reveals what goes on behind the scenes at a business in terms of poor ethical decision making and how often it occurs. It mainly focuses on how business decisions are made without consideration
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of how they can affect society. It also shows us how carrying out business tasks without care for the feelings of employees negatively affects a business’s environment. The article shows the reader how “doing whatever it takes” to be successful in business is a poor decision. There are two categories under social responsibility: the economic model of social responsibility, and the socioeconomic model of social responsibility. The economic side, supports the idea that society will benefit most from a business that is alone to produce its products that our society wants, so it would support the “do whatever it takes” method. This side of social responsibility would want a corporation to supply our society with its products any way it can so it can meet the demand of its consumers. This side of the argument is also focused mainly on making profit. If the business finds a way to produce a product fast and make money fast, then by all means that company should use its method to its best effort (Warner). The economic side believes that if the method a business uses ships out its products to society and its consumers then its goal has met. A business that operates by this is focuses a lot on the money it produces. The other side of social responsibility is the socioeconomic model of social responsibility.
This side states that business should not just focus on the profit it produces and the products it makes, but the affect its decisions has on society so it would be against the “do whatever it takes” method. It perpetuates the ideal that business executives and employees should think twice about the method it uses to make products. It states that a business should stop and make sure that what it is doing is affecting society negatively (Warner). For example, if a business is using a method that has been proven to be very efficient in producing its products quickly, maybe a manager or executive should make sure their employees are happy with this method and that they aren’t being over worked or treated in a negative manner. A business should also make sure it isn’t producing any type of …show more content…
pollution. I believe that in order for a business to be successful it needs to use the socioeconomic side of social responsibility.
A business should make sure its methods of production are not negatively affecting its employees and that all the people in the business are happy and willing to work. Also, a business should make sure that its methods of production are not producing any waste on land or water or air pollution, for these negatively affect society. A business that cares about it’s influence on the environment, and its consumers is bound to make a difference. For example: General Mills wants to reduce the amount of energy it uses. In order to do this, they had energy monitors installed into some of their equipment in one of their manufacturing plants. The result: General Mills saved around six hundred thousand dollars (James). Profit can be obtained faster by a business that is looked upon as a positive influence on the environment and its employees. Overall, a business should be careful about how it produces its products and think about society’s health before it makes a decision, for if it doesn’t, the liability for damage is a much greater price to
pay. Works Cited James, E. (2012, February 21). Six Reasons Companies Should Embrace CSR. Retrieved September 17, 2015, from http://www.forbes.com/sites/csr/2012/02/21/six-reasons-companies-should-embrace-csr/ Warner, R. The 'Do Whatever It Takes' Attitude Gone Wrong. Retrieved September 17, 2015, From http://www.huffingtonpost.com/russ-warner/the-do-whatever-it- takes_b_7821322.html
This paper is an analysis of the ethical business decision matrix developed by The George S. May Company (May), a management-consulting firm. The paper will also compare how these guidelines were used by John D. Beckett (Beckett) in his company and how the author’s firm, PricewaterhouseCoopers, LLC (PwC), uses them. The guidelines are meant to be used by employees. These guidelines are specifically a measure of moral and ethical principles tied to business ethics in acceptability of right and wrong behaviour in the workplace.
Do you agree with Schmeltekopf that business schools are not preparing students well for the for the ethical challenges they will face in the workplace? Why or why not?
What are the major points of the article and why do you think they are main
Ethics in business is a highly important concept, as it can affect a company’s profits, salaries paid to employees and CEOs, and public opinion, among many other aspects of a business. Ethics can be enforced by company policies and guidelines, set a precedent when a company is faced with an important decision, and are also evolving thanks to new technology and situations that arise due to technology usage. Businesses have a duty to maintain their ethical responsibilities and also to help their employees enforce these responsibilities in and out of the workplace. However, ethics and the foundation for them are not always black and white. There are many different ethical theories, however Utilitarianism, Kant’s Deontological ethics, and Virtue ethics are three of the most well known theories in existence. Each theory is distinct in that it has a different quality used to determine ethicality and allows for a person to choose which system of ethics works best with both the situation and his or her personal ethical preferences.
The term “ethical business” is seen, by many people, as an oxymoron. This is because a business’s main objective is to make as much money as possible. Making the most money possible, however, can often lead to unethical actions. Companies like Enron, WorldCom, and Satyam have been the posterchildren for how corporations’ greed lead to unethical practices. In recent times however, companies have been accused of being unethical based on, not how they manage their finances, but on how they treat the society that they operate in. People have started to realize that the damage companies have been doing to the world around them is more impactful and far worse than any financial fraud that these companies might be engaging in. Events like the BP oil
The Facts: Kermit Vandivier works for B.F. Goodrich. His job assignment was to write the qualifying report on the four disk brakes for LTV Aerospace Corporation. LTV purchased aircraft brakes from B.F. Goodrich for the Air Force. Goodrich desperately wanted the contract because it guaranteed a commitment from the Air Force on future brake purchases for the A7D from them, even if they lost money on the initial contract.
Everyone in this world has experienced an ethical dilemma in different situations and this may arise between one or more individuals. Ethical dilemma is a situation where people have to make complex decisions and are influenced based on personal interest, social environment or norms, and religious beliefs (“Strategic Leadership”, n.d.). The leaders and managers in the company should set guidelines to ensure employees are aware and have a better chance to solve and make ethical decisions. Employees are also responsible in understanding their ethical obligations in order to maintain a positive work environment. The purpose of this case study is to identify the dilemma and analyze different decisions to find ways on how a person should act
Young, driven employees at large businesses always risk getting caught up in the “rat race.” Too often, this causes promising men and women to lose sight of their goals and replace them with hopes of raises, bonuses, and promotions. Money or power can easily become the ultimate symbol of success. Unfortunately, money and power do not care about morality, principles, or ethical codes. In fact, some may argue that those with the most questionable moral codes are also some of the most successful members of the business community. Whether or not this is accurate, it is a dangerous perception that can cloud the judgement of ambitious young professionals looking to quickly move up the ranks of a business hierarchy.
Throughout this essay I will be arguing if unethical behaviour can make a business fail, this will be done by analysing various case studies such as Ford, Starbucks, Fashion Café and Volkswagen. I will also discuss how corporate social responsibility links in with ethical behaviour.
Many people have different views of what ethical behavior is. Ethical behavior is defined as “Acting in ways consistent with what society and individuals typically think are good values. Ethical behavior tends to be good for business and involves demonstrating respect for key moral principles that include honesty, fairness, equality, dignity, diversity and individual rights (Ethical behavior, 2016).” In this paper, I explored ethical decision making with examples. In addition, I discuss how ethical decision making benefits from a Christian worldview.
...re of sustainable business lies in long-term collaborations that redefine companies’ relationships with competitors, environmental activists, citizens and supplier. From product design and packaging, to manufacture, transportation and even the running of your office, every element of your business can be reshaped to maximize the resources you use and minimize the waste you produce. Businesses are often surprised at how much can be saved through simple, straightforward changes. Everyday more businesses are moving away from the traditional, linear model and successfully changing the way they work. As well as carving a solid reputation and position in the marketplace, companies are saving money. Sustainable operations, therefore, should treat the planet well but also treat people well, recognizing the basic human dignity in everyone regardless of race, class or gender.
...blic awareness of environmental issues. Most of it does benefit the environment, but inevitably this has a financial impact on businesses both large and small. One recent example is the regulation requiring that a specific minimum proportion of all packaging should be recycled. A less enthralling example is the current political objective to reduce pollution by imposing high taxes on road fuel; this may seem environmentally friendly but as fuel prices increase motorists naturally look for the lowest prices. These lower prices are typically found in service stations run by the multinational oil companies and the major supermarket chains, against whom small local independent garages cannot compete. Environmental issues and regulations are unlikely to go away, so only those businesses which take a proactive stance and prepare to work with them will eventually survive.
In today’s fast paced business world many managers face tough decisions when walking the thin line between what’s legal and what’s socially unacceptable. It is becoming more and more important for organisations to consider many more factors, especially ethically, other than maximising profits in order to be more competitive or even survive in today’s business arena. The first part of this essay will discuss managerial ethics[1] and the relevant concepts and theories that affect ethical decision making, such as the Utilitarian, Individualism, Moral rights approach theories, the social responsibility of organisations to stakeholders and their responses to social demands, with specific reference to a case study presenting an ethical dilemma[2], where Mobil halts product sales to a garage, forcing the garage owner to stop selling solvents to young people. The second section of this essay will focus on advice that should be given to any manager in a similar position to the garage owner with relevance to the organisational strategic management, the corporate objective and the evaluation of corporate social performance by measuring economic, legal, ethical and discretionary responsibilities. It will address whom to think of as stakeholders and why the different aspect could cost more than a manager or an organisation could have imagined.
In the business world there are many fundamental aspects and situations that can lead to several issues. In order to find an optimal and professional solution, business decision makers need to apply moral and ethical standards. And it is at that moment in which business ethics perform its role. Business ethics, which is in charge of examine how companies and individuals should act in business situations, is very essential in order to reach a common agreement and to work within the laws of business and solve an arisen dilemma. Working of the hand of ethical business companies, employees, investors, directors, and even individual officers can be beneficiated and obtain most favorable outcomes.
wrong, and making sure to enforce them. (Ruddell, L., p.106) We should develop leaders, and lead