Business Ethics
In this assignment, we got four questions to answer concerning business ethics in education.
1. To what extent can business education cause or prevent ethical infractions in business? Give arguments for and against.
2. Given the importance of situational factors in shaping ethical decision-making, what are the limitations posed by business ethics courses that focus on individual students? How would you design a course to focus primarily on situational issues?
3. What are the main factors encouraging business ethics education, and what are the main barriers to its further development and expansion?
4. Consider the aims and approach of the business ethics course that you are currently studying. What are these, and how effective is the approach for achieving these aims? What would you like to see done differently?
I have implemented the questions into the essay, not quite literally, but answered chronologically.
To what extent can business education cause or prevent ethical infractions in business? There are arguments favouring and against implementing business ethics in organisations. The arguments favouring are that the education can create a bigger understanding for the consequences of a decision and to the actions behind. The tools will help showing a possible outcome when used correctly. With use of the correct tools given and ethical theories, it will make it easier solving and understanding moral issues. Then through reasoning, making the morally correct decision might fall easier. Throughout the organisation, there would be more individually responsibility, which also could lead to a bigger trust within the organisation and towards the management.
Some arguments against are that it would involve substantial costs changing the business infrastructure, and therefore difficult to gain acceptance for the changes. Since the economy is shifting so frequently, economist needs to be able to make a decision on a short notice.
1. To what extent can business education cause or prevent ethical infractions in business? Give arguments for and against.
2. Given the importance of situational factors in shaping ethical decision-making, what are the limitations posed by business ethics courses that focus on individual students? How would you design a course to focus primarily on situational issues?
3. What are the main factors encouraging business ethics education, and what are the main barriers to its further development and expansion?
4. Consider the aims and approach of the business ethics course that you are currently studying. What are these, and how effective is the approach for achieving these aims? What would you like to see done differently?
I have implemented the questions into the essay, not quite literally, but answered chronologically.
To what extent can business education cause or prevent ethical infractions in business? There are arguments favouring and against implementing business ethics in organisations. The arguments favouring are that the education can create a bigger understanding for the consequences of a decision and to the actions behind. The tools will help showing a possible outcome when used correctly. With use of the correct tools given and ethical theories, it will make it easier solving and understanding moral issues. Then through reasoning, making the morally correct decision might fall easier. Throughout the organisation, there would be more individually responsibility, which also could lead to a bigger trust within the organisation and towards the management.
Some arguments against are that it would involve substantial costs changing the business infrastructure, and therefore difficult to gain acceptance for the changes. Since the economy is shifting so frequently, economist needs to be able to make a decision on a short notice.