ROLE OF ETHICS IN BUSINESS: Ethics Defined: Ethics are principles based on doing the right thing. They are the moral values by which an individual or business operates. In theory‚ a business or individual can act ethically and still attain ultimate success. A history of doing the right thing can be used as a selling point to heighten a person’s or organization’s reputation in the community. Not only are ethics morally valued‚ they are backed by legal repercussions for failure to act within certain
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corporation’s task environment includes a large number of groups with interest in a business organization’s activities. These groups are referred to as stakeholders because they affect or are affected by the achievement of the firm’s objectives. Ethics Stakeholder analysis is the identification and evaluation of corporate stakeholders. This can be done in a three-step process. The first step in stakeholder analysis is to identify primary stakeholders‚ those who
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Because the Markkula Center for Applied Ethics often helps people work through moral dilemmas‚ it has developed a method for ethical decision making as a resource for those who are confronting value questions. The approach has a number of steps‚ but the broad categories include recognizing the moral issue‚ evaluating alternative actions from various moral points of view‚ making a decision‚ acting‚ and considering the action in retrospect. This Issues in Ethics shows how our publication is part of the
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What Is Ethics? Ethics is the part of philosophy that deals with good and evil. Ethics tries to answer questions like: • What actions are good? What actions are evil? • How can we tell the difference? • Are good and evil the same for everyone? • How should we make hard decisions that might help or hurt other people? The Four main studies of ethics are; • Meta-ethics‚ about the theoretical meaning of moral propositions and ethical opinions; • Normative ethics‚ an abstract set of principles
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action that violates widely accepted societal and moral norms (Rest‚ 1986). It may be useful to note that unethical behaviour does not equate to workplace deviance or counterproductive work behaviour (violating organizational norms) These factors can be split into three categories‚ individual characteristics (cognitive moral development‚ locus of control‚ Machiavellianism‚ moral philosophy‚ demographics)‚ moral issue characteristics such as moral intensity (T.M. Jones‚ 1991)‚ and organizational environment
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issue or disclose and bear the consequences. The deontological perspective assumes that humans should be treated as objects of intrinsic moral value. However‚ the consequentialist perspective assumes that morality of an action is determined by the specific results of an action‚ in which case the salesman’s actions would eventually help the company avoid litigation. Levels of Cognitive Moral Development Kohlberg defined three levels of moral development‚ which are‚ the pre-conventional‚ conventional‚
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What is Ethics Is the set of beliefs about right and wrong behavior. It is certainly a subject that is used in discussions about how we should live‚ what is right and wrong and what we mean when we use words like right and wrong‚ good and bad. Ethical Behavior – conforms to the generally accepted social norms‚ many of which are almost universal. A persons opinion of what represents an ethical behavior is strongly influenced by a combination of: 1. Family influences
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Deontology For deontologists‚ “ethics is focused on terms of duty and it follows from this‚ that some acts are moral obligations‚ not withstanding their series of consequences” (Somerville & Wood‚ 2008‚ p.146). The deontologist’s perspective is about doing what is right‚ with individual’s wellbeing as the primary and most important element of every single decision (Schlegelmilch‚ 2001). This golden rule‚ “do unto others as you would have them do unto you” applies in this perspective. Deontologists argue that
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Ethics essay – Kantian ethics a.) Explain Kant’s concept of duty Immanuel Kant was a German philosopher who was concerned with producing an ethical theory that was logical and absolute‚ and did not change depending on the situation‚ countering the views of John Locke and other empiricists of the time. His ethics are based on duty‚ rather than looking at the end product of an action. He thought that his theory was so important that it could be rivalled with the Copernican revolution‚ in that it would
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The Sociological Perspective 1. The sociological perspective mainly shows specific event and surroundings that influences peoples lives. The base the word of sociology is social which deals with how people interact with others and other groups. Sociologists look at social locations that people are involved with because of where they are in society. Some things that are looked at by sociologists include jobs‚ income‚ race-ethnicity‚ education‚ gender‚ etc. Biography and history are important in
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