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Quizlet business ethics
Arguments for cognitive dissonance
The importance of ethics in business
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The Parable of the Sadhu is a real life, true story about the author, told by the author, Bowen H. McCoy. McCoy and a group of his international buds are hiking through Nepal, trying to reach the peak. Not an ordinary group of men, but a group of men with several cultural backgrounds. While they’re hiking up this mountain, on a strenuous adventure, they run into a Sadhu, an almost naked, holy, Indian man. He wasn’t an ordinary man that looked like he was living good. By the looks of it, the sadhu was near death. He was suffering from exhaustion and hypothermia. These group of individuals wrapped warm clothing on him, so he wouldn’t get cold, also gave him food, so he wouldn’t die. These individuals in the group were aware that this Indian man …show more content…
But it couldn’t come to a compromise. A few individuals from the group split apart from the rest of the group to take the sadhu back down to a village far a village far down. Not after too long, they left the man without taking him to the village, and continued their trip going upward. No one from there on knew of what had happened to the sadhu. Whose responsibility was it to take care of the man and make sure he survives? The reason why McCoy wrote this article was to persuade readers to do the morally right things, keeping you’re individual moral ethics, even if you’re in a messed up scenario. Make sure to take care of a man when he’s dying. Cognitive Dissonance, which is, “the state of having inconsistent thoughts, beliefs, or attitudes, especially as relating to behavioral decisions and attitude change”, is one discomfort that can mess an entire company. Cognitive dissonance is most likely to occur when this unmusical stress or discomfort is known to everyone. Cognitive dissonance is pretty much having stress and having the internal discomfort because of one having conflicting beliefs. When one thinks about it, they’ll try to stop thinking about it so they don’t get emotionally …show more content…
In the business field, our ethical responsibilities are to make sure that our behaviors don't cause unjustified harm, suffering, waste or destruction to us, and the world around us. Same concept in all other aspects. Positive economic activity is one responsibility we all have in society at large because it creates wealth and paths for others to live a better quality life and take that step away from
The task of business ethics is to make sure business decisions encompass an ethical element, and to make sure that managers take ethical implications of strategic decisions into account before choosing a line of action.
American social psychologist and original developer of the theory of Cognitive Dissonance Leon Festinger breaks down his theory into two main parts. First, the presence of dissonance, inconsistency or unpleasantness, will psychologically motivate a person to achieve consonance, consistency or pleasantness (Festinger 3). Psychologist Elliot Aronson, key researcher in the 20th century of this theory, expands on the definition of dissonance to be more straightforward. Dissonance occurs when a person holds two ideas, beliefs, or opinions at the same time that are contradictory with one and other. Part two of the theory states that a person will attempt to avoid situations or knowledge that would possibly or pro...
Cognitive dissonance is when an individual feels uncomfortable because they are a good person but they have chose to do a bad things. Instead of dealing with the consequences they ignore the situation. Cognitive dissonance can relate to Lords of the flies book on Chapter 9. The morning after the boys killed Simon thinking it was the
Another important point that this story addresses is how we treat other people, especially those who are different from us. This demonstrates just how ignorant and cruel some people can be. When the old man was first seen, Peyalo ran away from the man, leaving him lying in the mud instead of helping him. Not a one cared where he came from or why he was there for any other reason than to acquire money off of him.
Cognitive dissonance is having inconsistent thoughts, beliefs, or attitudes, thus relating in behavior or attitude changes. Attitude or thoughts are more likely to shift due to one’s behavior and actions. Cognitive dissonance can be seen in Jonestown and the KKK. This psychological technique is used to get people to join the cult and ultimately become members. In Jonestown the
Business ethics simply can be defined as the application of business values in the business practice of a company (Seawell 2010, p. 2). For a multinational company, business ethics is one of the critical aspects need to be taken into account in business decision-making processes. Failure to give attention on ethics may bring consequences on company’s reputation (Meyer & Jebe 2010, p. 159). The company is expected not only to pursue its own profits but also contributing to the environmental and social welfare of the community where it operates (Svensson & Wood 2008, p. 308).
In business the primary focus is on maximizing returns to owners or shareholders. The manner in which a business conducts itself while attempting to make its profit can be considered ethical or not. For instance, a business that has a positive sense of social responsibility will make some effort to have a positive impact on society, contributing to the welfare of the community in which it operates in some way or another. Unethical practice in business could include the converse of this, where a business is solely concerned about its profit and does not attempt to mitigate the impact of its operations in that society. For example, a mining exploration company that does not attempt to ease discomfort and inconvenience of the people that are displaced by its operations could be considered unethical.
Every business has a social responsibility toward society. That means to maximize positive affects and minimize negative affects on the society. Social responsibilities includes economic-to produce goods and services, that society needs at the price, that satisfy both-business and consumers, legal responsibility-laws that business must obey, ethical responsibilities-behaviors and activities that are expected of business by society, but are not codified in the law, philanthropic responsibilities-represent the company’s desire to give back to society (charietys, volunteering, sponsoring).
“I took a carotid pulse and found that the sadhu was still alive…. It was fruitless to question why he had chosen this desperately high route instead of the safe, heavily traveled caravan…. Or why he was shoeless and almost naked, or how long he had been lying in the pass. The answers weren’t going to solve our problem.” Bowen McCoy did what any compassionate and humane person would do; he ‘attempted’ to help someone on the verge of death.
The story “The Road to Salvation” by Premchand revolves around Jhingur, the farmer and Buddhu, the shepherd who were very full of pride and such pride ruined themselves. Dhanpat Rai Shrivastava who wrote under the pen name “Premchand” was born into the Hindu Kayastha caste. The caste system in India is a system of social classification. In history, it divided communities into hundreds of traditional groups. The Kayastha class is right below the highest class, Brahmana. In the Indian caste system, you are born into your caste and there is no way you can change your caste in your life time. It is believed that if you live a good life, you can be reincarnated into a higher caste. The major religion in India is Hinduism. Hinduism promotes harmony and love for everyone but Jhingur and Buddhu are trapped in the law of Karma. Although the story revolves around Jhingur and Buddhu and the pride they have for themselves, it causes them to manipulate each other constantly causing them to be entrapped in envy.
In the story, Bowen was a member in a vacation program for Morgan Stanley, where he burned through sixty days climbing the cold and hazardous Himalayas in Nepal. He set out for this trip with his companion Stephen, who was an Anthropologist, their watchmen and a few Sherpas. Amid their climb, Bowen and Stephen experienced a New Zealander who had with him a shoeless, scarcely dressed, Indian man who happened to be a Sadhu, who right now was depleted and hypothermic. The New Zealander was determined to finish his objective and conveying the Sadhu with him made it relatively difficult to trek any further. Stephen and Bowen attempted their best to enable the Sadhu by helping him to remain warm. Without a doubt enough, the Sadhu
He had deceived the young lord and concealed his mother underground. It was around two years later that another atrocious lord named Lord Higa nearly conquered their village as well as demanding difficult tasks. Without the elders around there was no one wise enough to have a solution to these impossible demands, which
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.
Business ethics and social responsibility are two concepts many individuals believe go along together for corporations in the business environment. Business ethics are the moral values a company uses to ensure all employees action in a standard manner when completing business functions. Social responsibility is typically a conceptual theory that governments and the general public hold, believing that businesses should not conduct themselves in a manner counter to cultural or societal norms. The connubial of these concepts happens when companies introduce a written code of ethics to demonstrate that the company only acts in its greatest interest so long as it does not damage the company’s social responsibility.
Business ethics is viewed as a specialized study of morals right or wrong (Paliwal, 2006). The standard set of business ethics must meet the 3 C’s compliance, contribution, and consequence. Ethics requires a business to contribute to society. A business core values is achieved by ensuring a high quality of services and products. A business development strategy is to create an employment opportunity. Corporations are mandated to be socially responsible towards all major shareholders.