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Case study of ethical dilemma in business
Explain ethical practices In business
Explain ethical practices In business
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Recommended: Case study of ethical dilemma in business
In the business field, there are many different ethical issues. The main problem that will be addressed is fundamental issues within a company. This problem not only will affect consumers, but also the business itself. Businesses will face ethical issues such as, trust and integrity, which may be dealt with through the terms of Kantian ethics and Utilitarianism. Having ethics in the workplace is essential because they give good guidelines and laws that will help the internal functions of a business, yet there are still disagreements on whether or not businesses should be allowed to exaggerate the truth while trying to sell a product.
Trust is one of the key elements of a successful company. An ethical value that creates a bond between the seller and the consumer. Businesses want to see that their employees are honest and trustworthy. Consumers trust the company is presenting honest information and would not cheat them. Think about it, would you want to put your money in a bank when you know the workers there have a previous record of stealing money out of accounts? More than likely most people would choose a different bank. Without
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The first side will disagree that it is not okay and the second will agree. Whether it is altering the time sheet, like the example, or covering for someone who shows up late, according to Kantian ethics it is still morally wrong to do so. Basically, the person is cheating the company and lying to them. “Justice and beneficence are both duties; the way in which we are beneficent is constrained by the requirements of justice” (Cooke, " Kantian Ethics and the Duty to Aid: Famine Relief", 1). We are required to serve justice and do the right thing. When the other employee was “helping out his coworker, he was actually going against his boss and the requirements of his job. Person A also went against his duty to be on time. They are also stealing from the
Others believe that lying is okay, but only in circumstances where it better to tell a lie to prevent the consequences of the truth. These two views are very good examples of utilitarianism and Kant’s ethical views. Utilitarianism believes that as long as the actions of a person are for the greater good, or, greatest number of greatest amount of happiness is achieved, then the action is morally right. Kant’s theory is the opposite where there are certain types of actions that are never to be permissible (lying, cheating, murder, etc.). Kant believed that the wrongness or rightness of a person’s action does not depend on the consequences but whether they fulfill our duty. A duty is defined as the action that we are obligated to perform out of respect for the moral law. The moral law is the definition of good and evil and is our inner conviction of that we ought to do good. Kantian ethics teaches that the only truly good thing in this world without needing qualification is the good
In this essay I will use ethical framework such as Kantian deontology and Kantian ethical theory along with key principles to argue the reason for my decision whilst justifying my decision.
I have been given the opportunity to take an ethical controversy and explore how six different ethic theories would apply to the situation. The ethical dilemma is such, “Investment brokers sometimes have a few clients who live hundreds of miles from their offices. For example, a Wall Street broker may provide investment counseling for his hometown relatives in upstate New York. By arranging to see them during his vacation visits home, he can claim his plane fare or car rental fees and perhaps even many of his meals as business expenses. In other words, he can deduct them on his tax return or, if he is employed by a company, claim them on his expense account”. In this essay, I will discuss Utilitarianism, Kantian Ethics, Natural Law Theory,
permissible for a person to act in that manner by seeing if it would be
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.
(Mallor, Barnes, Bowers, & Langvardt, 2010) Business ethics is when ethical behavior is applied in a business environment, or by a business. There are many situations that can arise in which a person is experiencing an ethical dilemma. They have to choose between standing by their own personal ethical standards or complying with their companies ethical standards. In some instances, some have to choose whether to serve their own personal interests, or the interests of the company.
Ethical issues in business arise because of conflicts between an individuals personal moral philosophies and values and values or attitudes of organization in which a person works and a society in which one lives. Ethical issues can be identified in terms of the major participants and functions of business. Ethical issues related to ownership include conflicts between manager’s duties to the owners and their own interests, also separation of ownership and control of business. Financial issue includes, for example, the accuracy of reported financial documents. Ethical issues can acquire between manages and employees, then employees are asked to carry out assignments they consider unethical. Consumers and marketing issues are related to providing safe desired products for a fear price and not harming people and an environment. Accountants also face ethical dilemma, they have to deal with competition advertising commission. All of this places the accounting profession in situation of ethical risk.
Immanuel Kant the founder of the "Categorical Imperative" (CI) argues that morality is based on standards of rationality. Therefore, to act in disaccord with the CI is to act irrationally or immorally. In comparison to Christianity, to act immorally is to act in disagreement with God's laws. Kant's CI is formulated into three different ways, which include: The Universal Law Formulation, The Humanity or End in Itself Formulation, and The Kingdom of Ends Formulation (Stanford) . The first to formulas combine to create the final formulation. Christianity closely relates to each formula, except for the final formulation. Christianity provides context where following the CI will not result in moral behavior. There are two factors missing from Kant's CI: faith and God's judgement.
Normative ethics is all about deliberating what is right and wrong. If there was one clear path, then no one would argue what should be done in situations where what is right or wrong is unclear. To some philosophers, a right can outweigh a wrong. For others, a wrong is always wrong, no matter what. In the following situation, most people in this moral dilemma are irresolute on their course of action:
People face ethical choices every day, and there are several different approaches towards reaching a decision. A professor is tasked with making a decision as to whether he should report a high-achieving student, Charlie, for plagiarizing an article. The professor must use reasoning and ethics. One of the most famous form of ethics is Kantian ethics, which is a form of deontology, or duty-based ethics. The professor can use Kantian ethics to make his decision, or he can take into account the context of the situation to further asses as I would do.
Business ethics are a set of moral rules that govern how a business operates, how people should be treated within an organization, and how business decisions are made. They are a crucial part of employment and in managing a sustainable business, mainly because of the serious consequences that can result from decisions made with a lack of regard to ethics. Even if you don’t believe that good ethics don’t contribute to profit levels, you should realize those poor ethics have a negative effect on your bottom line in the long-run. Every business in every industry has certain guidelines to which its employees must stick to, and regularly outline such aspects in employee handbooks.
As assistant director, I would look at all sides of the situation. I would ask the client if she feels ready to be released from the facility and enter society. I would keep in mind the utilitarian approach to inquire about the impact she will have in her community and how her community will be affected upon her release. As assistant director, I need to make sure the client receives the treatment she needs and is release upon completion of the goals of the rehab program. Although, her parents are concerned, that does not outweigh the client’s autonomy to make decisions for herself as well as my decisions in her release. As Kant stressed in his teachings, patients should be respected and have the autonomy to make a decision. Moreover, I would
(Shaw, 16). The only ethical condition for judging an action as being right or wrong depends upon the moral system of the society by which the act occurs. There is no specific criteria of right and wrong that is used to judge other than the criteria that societies create (Shaw, 15). Simply put, morality’s requirements are synonymous to society. In order to support their case, those who approve ethical relativism note the apparent diversity of human morals ethical codes (Shaw, 19). Some apparently immoral principles have been implemented from our own cultural perception. Such practices as polygamy, stealing, and slavery, have been tolerated or encouraged by the moral system of societies. In light of this, ethical relativists are certain that there can be no standard that is used to evaluate actions (Shaw, 21).
Ethics are the driving force behind good business. Every ethical choice made by a professional can and will have a much different outcome than any unethical choice. Bad ethics can ruin many aspects of a business and as (Gaye-Anderson, 2007) states how quite easily the lives and professional reputation of the employees can even be severally damaged (para. 3). Everything from morale to motivation can be severely affected by poor ethical choices. Customers will take their business elsewhere. Employees will abandon ship. Other, competing businesses reap the benefits of the bad moral choices. Ultimately, the entire business can be brought down by one poor ethical choice.
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.