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Business ethics case studies
Business ethics case studies
Business ethics case studies
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An individual's personal, organizational, and cultural values are the foundation of their personal and professional decision-making cycle. These values form the core of that individual's moral fabric, and his actions and decisions are predicated on those beliefs. Shalom H. Schwartz defined values as "conceptions of the desirable that guide the way social actors (e.g. organizational leaders, policy-makers, individual persons) select actions, evaluate people and events, and explain their actions and evaluations" (Schwartz, 1999, pp. 24-25). Because values drive the way individuals select actions, this paper will outline how my personal, organizational, and cultural values affect my decision-making. Personal Values Personally, I hold numerous values essential, most notably respect, responsibility, and honesty. These values routinely affect my decision-making in my personal life. I believe individuals must live by the golden rule, "treat others as you want them to treat you" (Luke, p. 6:31). I incorporate this simple advice into all decisions I make both personally and professionally. By asking myself such a simple question, I am able to make a better decision because using the golden rule ensures that I show respect for myself and others in my decisions. The value of responsibility heavily influences my decision-making process as a husband. In addition to being responsible for my actions, I am also responsible for my family. Making an irresponsible decision can damage the trust that is the basis of my marriage. In my job as an Army officer I must make responsible decisions. I have a responsibility to my nation, soldiers, and their families to make good decisions. Flawed, irresponsible decisions in my profession could cause deat... ... middle of paper ... ... leadership in a global environment for today and tomorrow. References Ahmed, M. M., Chung, K. Y. & Eichenseher, J. W. (2003). Business students' perception of ethics and moral judgment: A cross-cultural study. Journal of Business Ethics, 43(1/2), 89-102. Retrieved May 12, 2005, from ProQuest database. Fritzsche, D. J. (1995). Personal values: potential keys to ethical decision making. Journal of Business Ethics, 14(11), 909. Retrieved May 12, 2005, from ProQuest database. Headquarters, Department of the Army. (1999). Field Manual 22-100: Army Leadership. Washington, DC: US Army. Luke. Holy Bible: The Living Bible, Paraphrased. (1976). Wheaton, IL.: Tyndale House. Schwartz, S. H. (1999). A theory of cultural values and some implications for work. Applied Psychology: An International Review, 48(1), 24-25. Retrieved May 12, 2005, from EBSCOhostdatabase
Everyone has their own personal values that the gain throughout their lives. Some of these values are passed down through the different generations of their family. Values can change over time and some people learn more values as they grow up. I personally have gained a range of different values in the past eighteen years of my life. My own values include: respect, honesty, empathy and trust. I gained the value of respect through my parents as I was always told to show respect to others and they would then show me respect back. When I was really young I had to respect other people’s things and their feelings. Through my parents I was brought up to believe that it is always better to be honest and tell the truth about everything. I feel that
Field Mannual 6-22. Army Leadership: Competent, Confident, and Agile. (2006).Washington, DC: U.S. Department of the Army, Headquarters.
"A value determines what a person thinks he ought to do, which may or may not be the same as he wants to do, or what is in his interest to, or what in fact he actually does. Values in this sense give rise to general standards and ideal by which we judge our own and others conduct; they also give rise to specific obligations” (CCETSW,
Hofstede, G. (1980). Culture's Consequences: International Differences in Work-Related Values. Beverly Hills, CA: Sage Publications.
The aim of this paper is to discuss the challenges of values-based decision-making ethics in the current marketplace. This discussion will include the research findings on the four markets for potential expansion and an assessment of the current social and political climate of each. A recommendation will offer three best fits based on a comparison of company values, and will include detailed rational for these choices.
Cunningham, Lawrence S., and John J. . Reich. Culture and Values. 7th ed. Vol. 1. Belmont, CA: Thomson/Wadsworth, 2006. Print.
My ethics and values are developed from my religious beliefs, my associations with professionals, and self experiences. My religion installs values such as honesty, courtesy, and determination, which determine how I treat other people. My association with professionals helps me to embrace values, such as determination, personal integrity, accountability, and excellence, which are fundamental in designing my academic and professional paths. The experiences I have encountered in life have taught me to observe and embrace many ethical values, including ambition, integrity, and responsibility, which enable me to associate well with my family and other members of the society.
Every individual has certain values and ethics that he/she stands by. Values give us a sense of what is important while ethics gives us a sense of what is right and wrong. Together, these qualities help guide us through our everyday life: what actions to take and what decision to make. Sticking to ethical standards allows you to stay clear of trouble; therefore, strengthening people’s trust in you. In return, this leads to gaining people’s respect and cooperation, which may result in leadership responsibilities. Therefore, we believe that personal values and ethics will affect a person’s career success. However, there are times where individuals will make unethical choices--some situations might question your resolve. This can be caused by
Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2013). Business ethics: Ethical decision making and cases: 2011 custom edition (9th ed.). Mason, OH: South-Western Cengage Learning.
State how these values were formed, how they influence your character, and how you came to embrace these values. (2 marks)
The values that impact my decisions include: accountability, truth, honor, spirituality, reliability, kindness, ambition, family and compassion just to name a few. My grandfather was a successful business man in the 1930’s through 1980’s. He was a firm believer that you are only as good as your word. He did business with a hand shake and a smile. Teaching his grandchildren that if a man’s word is of no value, neither is he. Furthermore, he taught us the importance of sticking with your fundamental beliefs and principals. The value that is non-negotiable in my life is integrity. I believe it is important to be ethical, honest, truthful, reliably and trustworthy in every aspect of life. I am inspired and driven professionally by compassion, kindness and a belief in healing those that are
Ethical standards that evolved over the history of Western civilization deal with interpersonal relationships. What is right or wrong? What one should do and not do when dealing with other people. Ethical behavior in a business environment has not been as clearly defined. When businesses were small and the property of a few individuals, traditional ethical standards were applied to meet different situations. However, as businesses became larger, the interpersonal ethical relations did not provide any clear behavioral guidelines. Likewise, the principles of ethical relationships were even less pertinent to the corporate environments.
Values remind me of ethics and morals, necessary in any walk of life and imperative in the work place. These concepts are guidelines in which employees need to follow to be successful. “Values represent basic convictions that a specific mode of conduct or end-state of existence is personally or socially preferable to an opposite or converse mode of conduct or end-state of existence.” (Robbins, 136) Integrity, courage, service, wisdom, respect and goal setting are a few of the values that are most crucial to me and what I hope to achieve within any work place setting. Values should be lived every day in the work place and should exemplify the
Some of the values that guide me to make decisions are my relationship with God, caring for my family and myself, caring for others, achieving my education, obtaining my career, and my integrity. My relationship with God keeps me focused on what is important. Care for others and myself, I will always try my best to help those in need, like my family, peers, and anyone else. My educational goals will lead to my desired career to be a social worker. My integrity keeps me sincere and honest in everything I do.
Understanding who we are as individuals can be a struggle for people throughout life. It can be difficult to comprehend who we are and why we exist. There are daily outside influences that help create who we are and what our values are. Values play a significant role in our lives. They shape the choices we make and reveal a big part of our identity to the world. Some values may be more important than others, but they still manage to influence our lives in one way or another, whether we know it or not. Values can range from a tangible item to an idea that has influenced us to stand by and remember those values. The values we hold with the highest importance act as a guide and help us prioritize our purpose and goals in our daily life. My family has taught me a list of values and traits that have helped me become a well-rounded individual. I value my family more than anything because most of my core inner values have started from their teachings at one point or another. My top values that I have developed from my family are dedication, honesty, and wisdom. I will discuss who I am in terms of the important values that shape my personal belief system and decision making framework that, in essence, describes the direction of my life.