Ethics acts as a countering factor to this need for what is externally known to success. Entine and Jennings allude to the financial aspect and its importance as a means to stability versus standards. For example, if a company chooses to market and sell a product that is free of antibodies and hormones, looking out for the customer, as opposed to selling those products that are not free of antibodies and hormones - placing monetary substance first – what is the validity of this business ploy as it relates to ethics? It would seem to adhere to capitalism based on external value in contrast to social economics; contrastingly, European countries do not inject by-products as an end to profitability. However, and in contrast to socialism, the common dominator as Entine and Jennings speak to is the relevancy of the “stakeholder”. What is the bottom line? What does it take to get there -- ethical or not. The other side of the coin, though, is what is the validity of the stakeholder to each company? If executives and managers dictate productivity via merchandise, the “stakeholder’s” causation then becomes limited and the power remains in management’s hands. Ethical value is applicable in this regard due to the fact that without conformity based standards, business opportunities remain…
Alan Malachowski focuses the morality and competitive advantage in three key issues: The Nature of Business, Special Moral Responsibilities and Moral Character. According to the evolutionary viewpoint, the Nature of Business should be left to evolve in their own style in line with their intrinsic competitive capacities. Conversely, the author stresses that…
It seems as though that whether an action is ethically right or wrong is not the driving force that governs a business’s practices. It seems that some businesses today don’t use morals and ethics to gauge their actions. Instead, it seems some entities rely primarily on the legal system to legitimize their actions.…
CH2O is a company that blends chemicals to create products such as acid cleaners, and then ships the blended chemicals in drums to the customers. After the drums containing the chemicals reaches the customer, CH2O asked that the customer returned the drums to be reused. Once the drums were returned, the company cleaned the drums themselves, and wastewater was produced in the process. Because the local sewer authority would not accept the wastewater, CH2O discharged the wastewater illegally by means of an apartment complex drain and a warehouse owned by the company. CH2O continued to dispose of the produced wastewater by these means until 1995, when investigations emerged on CH2O for discharging pollutants into the sewer. Iverson, the founder, president, and chairmen of the board for CH2O, was charged with four counts of violating the Clean Water Act (CWA), the Washington Administrative Code (WAC), and the City of Olympia’s Municipal Code (Olympia Code), and was found guilty. Iverson then appealed the case, but his arguments were found to be invalid.…
Business leaders must assess their values and make appropriate changes since they operate in a global economy where market forces have left the human aspect weaker and the profit element skyrocketed. Dalla Costa attempts to convince businesses to pursue moral and ethical policies. He addresses the principle of right and wrong but emphasizes the importance of ethical behavior to long-term survival and profit. The article dissects the different characteristics attributed to those optimistic and pessimistic. It describes the institutional pessimism of business, and explains how it is a product of fear – the fear of making mistake and of trying something new.…
Chandler, D. (2009). The perfect storm of leaders’ unethical behavior: A conceptual framework. Retrieved from http://www.regent.edu/acad/global/publications/ijls/new/vol5iss1/IJLS_Vol5Is1_Chandler (2).pdf…
References: Shaw, W.H. (2010). The Nature of Morality. In (7th ed.), Business Ethics (pp. 7-36).…
The degree of competitiveness in an industry can impact the ethics of both management and employees, especially in situations where…
Confidentiality:In health and social care confidentiality means that we don't share without giveup information that has been depended to us.this included not sharing individual information about believer of the rule with friends,family or other people outside the setting or visiting about work out in the open places.…
Stem cell research is very controversial in today’s world. Although stem cell research has the potential for curing diseases and conditions, some people view stem cell research as unethical and immoral. People do not realize that there is hope for medical advancement today because medical specialists can use stem cell research to grow practically any cells needed for sick patients. Today, I am going to tell you what deontology is, how the school of thought views stem cell research, and how deontology provides adequate guidance action for stem cell research.…
Shaw and Barry distinguish two different forms of utilitarianism. What are these two forms? Briefly describe each and use examples.…
Damon, W. (2004). The Moral Advantage: How to succeed in business by doing the right…
A moral point of view refers to approaching a problem or issue from the perspective of its being morally wrong or right or rather, morally excellent. As opposed to the Economic or Legal point of view, the moral point of view comprises of two main features. The first, is the commitment or willingness to search for reasons and act on them. The best action is that which is supported by the best possible reasons, as opposed to acting upon emotion, some already existing morality or without deliberation. The second feature is commitment to impartiality. This involves putting into consideration the interests of all in equal measure, rather than being self-interested. It is essential for business people to operate from the perspective of a moral viewpoint since, by so doing, they will be able to serve their customers well because it involves being careful about their interests. It is, therefore, sensible to state that business people must…
Economist define declining marginal utility of money as the following a utility is a definitions used to explain how much value…
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