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Ethical issues in the business environment
Ethical dilemmas that can happen in the workplace
Ethical dilemmas that can happen in the workplace
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Recommended: Ethical issues in the business environment
Throughout the course of our lives, all of us have faced very difficult, defining moments. As Joseph Badaracco stated, “Character is forged at those defining moments when a manager must choose between right and right.” In “The Analyst’s Dilemma,” Amy is faced with a very tough personal, professional, and moral decision. On the one hand she has pledged her allegiance to her company, one which, as per her words, required you “lived, ate, and breathed your work.” On the other hand she has been entrusted, by her best friend, to keep a secret that could have very damaging effects for the both of them, their careers, and the companies for which they work, if exposed. When looking at this dilemma, I greatly appreciated Amy’s thorough analysis …show more content…
Although I should definitely have a strong loyalty to the company for which I serve, my idealist mentality would like to think that I would not let my moral compass or sense of right succumb to the pressures of potentially moral gray areas. Would I definitely like to have any advantage or legally/morally-justified edge in ensuring the success of a certain business transaction? Of course. However, should trouble arise, either with me or those for whom I am responsible, the culture I would hope I had developed would allow for the potential of what is right to win over what might be best. Based on the article “A Framework for Ethical Decision Making,” my inclination would be that this kind of approach would adhere more to the “Virtue Approach,” placing a strong emphasis on the notion of “’What kind of person will I become if I do[or don’t do] this?’” Had I found out that Amy knew of the information regarding the B&B deal and had not told me, or anyone else, I would have definitely had a conversation with her. However, should she have justified her actions with the thought process which played out in the article, her virtuous approach in dealing with the situation would have made me proud to have called her a colleague, knowing that should even more difficult situations in the future be
...t be in business very long. But, for instance, what if RGIS was offered the chance to perform one “test” inventory for a company that had many stores and the inventory went extremely well because of the customer service levels provided? RGIS would have the opportunity to service this customer’s other stores not because of the data, but because of the service they received. This human factor played huge role in garnering business for the RGIS and yet their employees have no chance in earning any more compensation than they would have for simply putting data into a machine. Let’s look at other ethics principles and see where an example like the one above would fit in.
Ethical decision-making is the responsibility of everyone, regardless of position or level within an organization. Interestingly, the importance of stressing employee awareness, improving decisions, and coming to an ethical resolution are the greatest benefits to most companies in today’s world (Weber, 2015).
Throughout your life, you’ll face tough decisions where you'll have to decide possibly against your ethical beliefs. Ethics don’t necessarily always have to involve law abiding. It’s rather about trusting your moral path and doing the right thing. Dori Meinert is the author of “Creating an Ethical Workplace” she explains the thought behind the never black or white decision making when it comes to businesses. Can businesses truly trust those individuals hired to steer their companies? It was mentioned that last year 41 percent of U.S. workers said they observed unethical or illegal misconduct on the job, according to the Ethics Resource Center's 2013 National Business Ethics Survey. Meinert’s article was not only eye-opening but very truthful since we’ve all been faced or witnessed unethical decision making. Once employees see individuals breaking the rules and regulations others will then think it's okay, which could result in employees leaving or major hoops for companies to jump through. When we tolerate misconduct we lower productivity and diminish the reputation of a company. Meinert mentioned that if
“Most people in the U.S. want to do the right thing, and they want others to do the right thing. Thus, reputation and trust are important to pretty much everyone individuals and organizations. However, individuals do have different values, attributes, and priorities that guide their decisions and behavior. Taken to an extreme, almost any personal value, attribute, or priority can “cause” an ethical breach (e.g. risk taking, love of money or sta...
The movie “Glengarry Glen Ross” presented a series of ethical dilemmas that surround a group of salesmen working for a real estate company. The value of business ethics was clearly undermined and ignored in the movie as the salesmen find alternatives to keep their jobs. The movie is very effective in illustrating how unethical business practices can easily exist in the business world. Most of the time, unethical business practices remain strong in the business world because of the culture that exists within companies. In this film, the sudden demands from management forced employees to become irrational and commit unethical business practices. In fear of losing their jobs, employees were pressured to increase sales despite possible ethical ramifications. From the film, it is right to conclude that a business transaction should only be executed after all legal and ethical ramifications have been considered; and also if it will be determined legal and ethical to society.
Nelson, K., & Trevino, L. (2004). Managing business ethics: Straight talk about how to do it right (3rd ed.). New York: Wiley
Being ethical or not? Always doing the right thing? These are all questions and thoughts, which arise in a business on a daily basis. However, I personally feel that the answer lies within us. If we choose when to be ethical, and when not to be, does it actually make us a good person? Albert Carr discusses some of key aspects of his theory in the article “If Business Bluffing
Trevino, L., & Nelson, K. (2011). Managing business ethics - straight talk about how to
In the reading The Missing Link: The Analyst-Collector Relationship by James B. Bruce he focuses on the failures in analysis due to the lack of strong relationships with collectors. Bruce mentions in the reading, “when collection fails, the probability of analytical failure increases dramatically.” This is true because a strong analysis will reduce the vulnerability. He also mentions the importance of better collection requirements of more effective sources and methods. Concerning the relationship between the collectors and analysis Bruce has his opinion over this issue. “Better collection also requires greater analyst engagement and expertise; deeper understanding by analyst of the technical disciplines as well as the human recruitment and
For this paper Washington Mutual has been selected to show how the ethical decision making process can be achieve. When it comes to business ethics in the workplace Washington Mutual has designed what can be considered a well balanced workplace with behaviors that are aligned with their moral values and business ethics. Business ethics are sometimes depicted as resolving conflicts where one option can appear to be the correct choice. There are many different ethical dilemmas that are faced by managers and leaders everyday that are highly complex and have no clear choice or guidelines to assist in making the choices for resolution. There are times when an employee has to decide whether or not to cheat, lie, steal, or break their contract. These ethical decisions are real-life situations where they are forced to make on a daily basis. This is why it is ultimately important that all employee know the six steps to ethical decision making that the company uses.
Albert Carr argues that business is a game and that business ethics differs from private life ethics that individuals practice. Carr explains that practices such as bluffing and not telling the whole truth are morally acceptable in business context. Carr claims that one cannot apply a single standard of ethics universally as situations differ from one to another. My response to such claim is that I refuse to accept that businesses cannot be strictly ethical.
Jacob is disappointed and his situation has left him with a decision on what to do with the money. This case study will pinpoint Jacob’s ethical dilemma and what ethical action he should take. Also, the roles and responsibilities of an employee dealing with an ethical situation, as well as the ways of an organization to maintain ethical practices in the workplace, will be discussed. By doing so, Jacob will maintain his honesty and not let his personal interest be in the way resulting trust within the workplace will be maintained.
Having read a scenario from a case study that proposed an ethical dilemma, I found that the rise for power and political gain in the workplace can test both an individual’s ethical judgment and strength. The issue here is that Michael is faced with an ethical dilemma regarding whether or not to participate in politics in order to capture a higher position within another sector of his organization. He is aware that his opponent Danielle has entered workplace politics at full speed, and is using every opportunity to gain leverage against Michael. The executive that will choose the best person for the position is Pierre, who is fair and diligent when choosing the appropriate candidate for the job.
Secondary and as soon as we finish the meeting I will speak to Amy directly and in privet to tell her that her unethical behavior was not expected and reasons behind doing that and then a discussion will take place to see how we can work together based on ethical principles built on mutual respect. Most employees are at the conventional level of cognitive moral development, they are looking outside themselves for guidance in ethical dilemma situation and develop social exchange relationships that result in employees reciprocating in positive ways. In conclusion “leaders influence followers by demonstrating high ethical standards in their own conduct and by using the reward system to teach employees vicariously about the outcomes of ethical and unethical behavior in the organization” (Trevino, 2005, p 83).
Many managers and organisations make the mistake of assuming that what’s wrong is illegal and what’s legal is right and if it’s legal it must be ethical. Yet many ethical dilemmas present themselves before the decision makers where right and wrong can not be clearly identified. They involve conflict between interactive parts – “the individual against the organisation or the societ...