Ethical Behavior In The Case Of Bernie Madoff Case

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The business world holds high expectations regarding what is ethical and what isn’t. Ethical behavior is behavior that a person considers to be not only appropriate, but also credible. When we are born, it is our parent’s responsibility to raise us in a way that teaches right from wrong. However, life becomes different when we are able to think for ourselves because then it becomes our own responsibility to decipher between right and wrong and this is when our moral principals begin to shape. As our moral principles continue to develop it can, at times, be severely affected by the people we associate with. There are many things that can influence how a person views the difference between right and wrong; family, life experiences, culture, and religious beliefs are just a few examples. Business ethics is when ethical behavior is applied in a business setting. There are many different situations that can happen to cause a person to feel like they are experiencing an ethical dilemma. The important part is to be able to recognize when these life moments are happening and apply the ethics we have learned throughout time to help guide us to the “right” decision. A lot of times someone has to choose between standing by his or her personal ethical standards or to agree with the company’s ethical standards. In some situations you have …show more content…

For example, in this Bernie Madoff case, operating on the deontological view would have caused him to not take the money from the investors in the first place. This approach is based on a set of moral values and individual rights. A rule deontologist would react to this by not taking any of the investors money unless he knew there was a good chance they were going to get the money back and that he was going to do everything he could to make sure they do and even if only a small number of people are being harmed, it is still

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