Ethics, in any form, provides a detailed verdict on what is considered right or wrong. This means that it provides assertions of what ought to be done and what should not. Ethics is also universal and affects anything in relation to individuals. These matters keep businesses from abusing consumers. Laws have even been enacted to enforce principles set forth by ethics. But, in some cases, scrutiny of the laws or their enforcements may be too loose and ineffective. This is evident in the case of the Japanese manufacturer Takata and their faulty airbags. While in other cases there may not be laws clarifying how to act in a specific setting, as in Todd Rutherford and his online reviewing company. These circumstances depend on personal ethics and …show more content…
With Takata, we see a company attempting to profit from a faulty product. This has lead to the injuries of many people and threatened the lives of countless more. The company was not acting prudently just so they could meet the demands of just-in-time manufacturing. They dove deep into the excess of Aristotle’s mean, depicting the decision makers of the company as greedy and no longer of virtue. Todd Rutherford, the founder of GettingBookReviews.com, can also be labeled the same. He began a company that generated fake reviews of books so as to sway consumers to purchase them. He blatantly went under the guise of an actual consumer and lied in order to generate income. It would be acceptable, under the Doctrine of the Mean, to lie if one’s objective were ultimate happiness. But when one lies in such excess, as Rutherford did, it is not supported. Both of the actions taken by each company were voluntary and not under any external compulsion. The two were acting incontinent with qualification and knowingly making unfair decisions devoid of any rectificatory justice as well. Takata was accepting full price for defective, mishandled and even dangerous products, while Rutherford was taking money for something that is supposed to be a free tool and intended to be made by actual consumers. In addition, Takata took it a step further by vacating distributive justice. When they ran secret tests to determine the safety of certain air bag canisters, Takata immediately became responsible for issuing a recall to all products. But instead, they put consumers in the hands of chance and distributed unequal products to them, even though every customer paid an equal
In general, most people practice utilitarian ethics and hold themselves accountable for doing the right thing as well as does corporations, businesses, medical facilities, and Public Health service. Therefore, these companies put in writing their company ethics policies and
Ethics or rather morals entail mechanisms that defend, systematize as well as recommend conceptions of right or wrong. Many organizations develop ethical codes to ensure employees and employers understand the difference in doing good or bad. In that respect, ethics are an essential aspect of successfully running of any organization or government. Ethics ensure employee’s productivity levels are up to the required standards. It also assists them to know their rights and responsibilities. Additionally, employers, as well as any persons in management, are guided by them to ensure they provide transparent leadership. Ethics also defines how customers should be handled. Ethical codes govern the relationship between customers and an
Ethical dilemmas have long been issues that have plagued all of mankind for generations. Since the beginning, the majority of humanity has struggled to do what is right when the answer wasn’t clear. Sometimes, however, the answer is not as difficult to realize, but is much more difficult to accept. In the case of the Gee-Whiz Mark 2 (GWM2), the dilemma that faces its respective company is whether or not the units that are defective should be exported to countries that have no enforceable rules to punish the marketing of said defective units. If the company does not do so and instead decides to scrap the units, there will be a loss of profit. For the company though, the answer is clear; though it may be challenging for its leaders to accept,
The quality, the happiness, the good thing that you can give the consumer is the end, your sense of duty to do these things is the means. Looking at things from this perspective, Fords actions were unethical. The Kantian idea causes me believe that Ford should have put the potentially life-saving part into the Pinto, not because they have a moral obligation to produce safe vehicles, or because they want praise for looking out for the safety and well-being of their consumers, but because it’s the right thing to do. Clearly, Ford didn’t do that. Based on the case study and the information presented, they allowed financial data and projections to dictate the decision, whether morally right or
“Ethics is about choosing or doing the 'right ' thing, the ethics of business is about making the right business decisions, or doing the right thing in business.” (Haddad, 2007) Each person decides
By definition, ethics refers to "a set of principles of right conduct." It is also defined as "the rules or standards governing the conduct of a person or the members of a profession," (www.thefreedictionary.com) and in business may be considered the standards governing the conduct of people in the business environment. Business ethics is the behavior that a business adheres to in its daily dealings with the world. It relies on values as a way of guiding behaviour in business.
Ethics in business is a highly important concept, as it can affect a company’s profits, salaries paid to employees and CEOs, and public opinion, among many other aspects of a business. Ethics can be enforced by company policies and guidelines, set a precedent when a company is faced with an important decision, and are also evolving thanks to new technology and situations that arise due to technology usage. Businesses have a duty to maintain their ethical responsibilities and also to help their employees enforce these responsibilities in and out of the workplace. However, ethics and the foundation for them are not always black and white. There are many different ethical theories, however Utilitarianism, Kant’s Deontological ethics, and Virtue ethics are three of the most well known theories in existence. Each theory is distinct in that it has a different quality used to determine ethicality and allows for a person to choose which system of ethics works best with both the situation and his or her personal ethical preferences.
Ethics deals with actions with adequate standard of attitudes, behavior that is pleasing to the people or organizations. Every job has a code of ethical conduct that is supposed to be is followed. It is very necessary to understand that ethical rules must apply and obey with basis of what is right and wrong which is written in the law. That is why there are professions that have organizations or associations which have the method of ethical conducts or standard.
Ethics is derived from the greek word ‘ethos’, which means character and the latin word ‘moras’, which means customs. Thus ethics is defined as the personal and professional behaviour with regards to the values, customs, behaviour, principles and morals of society (Senarante, 2011). Professional ethics can be defined as the personal and corporate standards of conduct that is carried out by members of a particular profession. For example, medicine, accounting and engineering. Professional ethics or business ethics cover larger areas than the law, and although an issue may not be illegal, it can be considered as an ethical issue (ATT Ethics, 2013). Business ethics can be defined as the policies and principles that act as operational guidelines
In my opinion, ethics give people free will to make right choices. People have free will to make choices that are governed with responsibility, accountability, and liability. We have a responsibility to perform in an ethical manner and be accountable for our choices or actions. Regardless of the circumstances and choices we make, there are consequences if we make the wrong choice. The question of whether an action or choice is ethical or not is fundamentally based on whether something is right or wrong. From an ethical standpoint, unethical choices and risky behavior can lead to increased liabilities. The liabilities result in the loss or damage sustained by a company or other party as result of an unethical and sometimes illegal decision. Although we exercise free will on a continuous basis, we are governed by the decisions we make and my belief is that the decisions we make daily do not just affect us. These decisions affect other people, such as family, friends, coworkers, instructors, neighbors, etc. The most prominent example of ethics can be recognized in the field of technology based on the growing amount of rapidly changing legislation and acts that under consideration in order to protect people from unethical practices.
Ethics are the driving force behind good business. Every ethical choice made by a professional can and will have a much different outcome than any unethical choice. Bad ethics can ruin many aspects of a business and as (Gaye-Anderson, 2007) states how quite easily the lives and professional reputation of the employees can even be severally damaged (para. 3). Everything from morale to motivation can be severely affected by poor ethical choices. Customers will take their business elsewhere. Employees will abandon ship. Other, competing businesses reap the benefits of the bad moral choices. Ultimately, the entire business can be brought down by one poor ethical choice.
To conclude business organizations do not have the right to deceive individuals and consumers in specific because Albert Carr’s claim that business is a game cannot be justifiable and supported with reasons that may harm or the community and its people. However, I do believe that business organizations should be socially responsible and that would help them maximize profits in the long run (Lauren, 2011)
It seems obvious that large corporations have a tendency to ignore the negative effects of their actions in favor of profit. This example, although sensationalized, still says to me that with power comes responsibility. It affirmed my belief that a corporation’s goal cannot be just to provide profit to shareholders, but there must also be an element of social responsibility.
Ethics is simply doing the right thing. In the business situation ethics are the moral concept of a firm getting through it organizational duties ethically.
Ethics is the philosophical study of morality. These days our society is changing due to advanced technology, hence the study of ethics is very important than the previous decades. In fact, the study of ethics is not a new issue but Socrates and Plato used ethical reasoning to explain different unjust issues before 2000 years. Ethics is one of the major issues, which does have not any guideline to a particular activity that is morally good, bad or neutral. However, everyone has different understanding and judgment about ethics depend on their cultural, economical, and family back ground. For instance, lying is unethical in most society and it is normal for some other cultures. Therefore, it is difficult to give universal meaning about morality as it depends on a given culture. For this reason, I would say there is not a single universal standard to label someone’s ethical decision as right and wrong. However, all countries should adopt ethical behavior with their environment in order to have honesty and caring society. An Individual can choose among different alternatives based on his or her ethical decision, but it is very difficult to say his or her ethical decision is right or wrong.