Preview

Business Ethics

Powerful Essays
Open Document
Open Document
1566 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Business Ethics
1. Introduction

Precisely define the concept of "ethics" is quite difficult. In a general sense ethics - a set of moral principles and values that govern the behavior of a person or group of people and determining the positive and negative assessments of their thoughts and actions.
Ethics associated with inner values, and they in its turn are part of the corporate culture and influence on decision making, determine their social validity within the environment. Ethical problem arises when the actions of an individual or organization may harm or conversely benefit others. Since ethics are unwritten rules, the issue of assessing an action often has irreconcilable differences.
The so-called ethical dilemma arises in a situation where all the alternative solutions or courses of action because of its potentially negative moral consequences are undesirable, it is difficult to distinguish good from bad, right from wrong. Person who assumes responsibility for the organization of emerging ethical issues, often referred to as an agent of morality.
This assignment examines the various approaches to the ethical issues, the study of which allows management to develop criteria for their analysis and solutions.

2.1 The Four approaches to make ethical decision

Most ethical dilemmas is a conflict between the whole thing and its parts: the organization and the individual, the community and the organization. For example, should the company be subject to mandatory testing of their employees in the use of drugs and alcohol, which can benefit from it, but it restricts the freedom of action of individuals? Is it right to export goods that do not meet national quality standards in other countries with less stringent requirements?
Sometimes ethically complex solutions involve a conflict between the two groups. For example, what is more important: the pollution caused by wastewater businesses or jobs that it creates, as the largest employer?
Faced with the

You May Also Find These Documents Helpful

  • Good Essays

    No single person can deny that they have faced an ethical issue at some point of their life. If is almost impossible for one to say this. Ethics is the moral values that govern an individual’s or organization’s behavior or decision. Ethical decision making, is seen in almost any industry or field from managing a supermarket to running a large corporation or even being a lawyer. An individual may not realize that ethical decisions don’t always involve extreme cases such as life or death, in fact most cases relate more to theft or dishonesty. Many recent cases such as HealthSouth case prove that making the right decision is often seen in our society.…

    • 856 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Ethics Wk1DQ1

    • 275 Words
    • 1 Page

    Ethical dilemmas differ from other situations in which decisions must be made when the situation is merely uncomfortable. In order to determine if a situation is ethical it must require a choice to be made and no matter what course of action is taken, an ethical principle must be compromised.…

    • 275 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    Ethical Behavior Quiz

    • 5293 Words
    • 22 Pages

    | An ethical issue is a problem, situation, or opportunity that requires an individual, group, or organization to choose among several actions that must be evaluated as right or wrong. Stakeholders determine whether specific business actions and decisions are perceived as ethical or unethical.…

    • 5293 Words
    • 22 Pages
    Satisfactory Essays
  • Powerful Essays

    Bshs/332 Ethical Dilemmas

    • 1105 Words
    • 5 Pages

    What is Ethical Dilemma’s in the workplace? A dilemma usually arises when there is conflict between staff, and their individual opinion. An Ethical dilemma may occur within two or more people, almost all workplace has ethical dilemma’s reason is staff may all come from different socio-economic backgrounds, cultures, and beliefs.…

    • 1105 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    What we all value comes into question when confronting an ethical issue. We have to evaluate when a moral act is right (ethical) or wrong (unethical) and then make a moral decision based on the facts.…

    • 2468 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Ethical thinking involves the intricate process used to consider the impact of our actions on the individuals or institution we serve. While most decisions are routine, we can unexpectedly face an ethical dilemma when unusual situations occur suddenly for which an immediate response is needed. The foundation of ethical decision-making involves choice and balance, it is a guide to discard bad choices in favor of good ones. No matter the size of a company, unethical behavior can cripple the company's ability to attract customers, be approved for credit or maintain business partnerships. Different organizations and jobs may have different ethical issues arise and require a set standard of ethics.…

    • 1271 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    For a given ethical dilemma, there is usually a dominant pair. Frequently, more than one must be considered, and sometimes all four. But, as Kidder points out, "merely to analyze a dilemma - even to fit it into the above paradigms - is not to resolve it. Resolution requires us to choose which side is the nearest right for the circumstances. And that requires some principles for decision-making."…

    • 1046 Words
    • 5 Pages
    Good Essays
  • Good Essays

    To me, ethical dilemma is any situation that you need to resolve. Sometimes, it can interfere with your moral thinking and with the law or the code at your work place. People may have their own definition of “Ethical Dilemma”, but this what I think the definition of the words.…

    • 454 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Ethics plays an important part in everyday life. A person working in an environment with people from different cultures, and customs may encounter ethical conflicts. Situations may arise in which ethical decisions may conflict with organizational values.…

    • 750 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Ethics in the Workplace

    • 977 Words
    • 4 Pages

    An ethical dilemma is a decision that involves a conflict of values; every potential course of action has some significant negative consequences.…

    • 977 Words
    • 4 Pages
    Powerful Essays
  • Best Essays

    As every employee processes different experiences, philosophies, culture and religions, it results in perceptual differences, ethical disagreements due to diverse individuals experiencing and analyzing problems (Hartman & Desjardins 2008). Ethical theories can be generally differentiated into two main categories, the consequence based/ teleological and non consequences-based/ deontological. When engaged in the decision making process within an organization, ethics guides the company in terms of what is correct and wrong. In the below write-up we will be discussing on how these various people incorporates ethical theories into the decision making process in organizations.…

    • 2996 Words
    • 12 Pages
    Best Essays
  • Good Essays

    It is balanced? Am I acting fairly? Would I want to be treated this way?…

    • 1519 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    An ethical issue is a problem or opportunity that requires an individual, group, or organization to chose several…

    • 635 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Ethics systematizes, defends, and recommends concepts of right and wrong action. Different ethical principles outline the best way for people to associate with one another and live. The principles also determine what actions are right and…

    • 553 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Ethical behavior from ethical dilemma makes the society a better place, and when the society is better the result is better life for everyone in the world. It helps in treating everyone equally without morals this is not obtainable. It helps people all over the world to gain meaningful employment, because often times employers will look at the past behavior of the applicant before employment. Making good ethical decisions lessen stress and thereby improves productivity.…

    • 543 Words
    • 3 Pages
    Good Essays

Related Topics