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Benji's dilemma involves both ethical and business decisions whether to sign a potentially lucrative contract with New Gen Health Sciences or to pass on the oppertunity. To benji it would appear that New Gen operated with ethical business practices based on the evidence he saw in the articles praising the company's effort s around the world in search of natural and organic health remedies. After some digging Benji's found reports that the founder of the company built up businesses, sold them at a profit, as a man of faith Benji would not agree with tis practices if the information was infact true. Benji continued his meet and greet session at the company where he was given gifts. The recruiter told Benji's about the opportunities for advancement within the company as well as the potential to make s handsome salary. Benji asked about the reports of the company's practice of sending researchers all over the world. The recruiter dismissed the reports as publicity, when in fact the company actually develops their products in the lab. This admission by the recruiter is poses the first ethical concern. At the most basic level, the company is being dishonest in the way it advertises itself to the public. In addition, by the open manner in which the recruiter made the comment, it appears that dishonesty is an accepted part of the corporate culture. The question should arise in Benji's mind, "If this is that way the act towards the public, what is to prevent the company from acting this way towards me?" In Dobson's critique of virtue ethics, he discusses that a business can appear to be ethical and virtuous in the community, but, in reality, the company only gives this impression to create goodwill within the community (Dobson, nd). F... ... middle of paper ... ...e a profit. Another issue is that the recruiter is once again demonstrating the company's disrgard for their distributors, which gives more evidence that the company culture is based upon using people to make a profit without cosnideration for the inherent good of the person. Though generousi think that, Benji should refuse the offer. Not only does the company New Gen have a corporate culture that is based upon dishonesty, but it also fails to meet even the basic requirement for strategic ethics, which increases the likelihood that business will fail. The company does not appear to have any respect for the intrinsic good of their employees, their customers, or their distributors. Based on the premises of virtue ethics, strategic ethics, or the basic fundamentals of good corporate governance, there is no reason for Benji to sign the contract and accept the job offer.
people in the corporate world,” inferring that researchers are not sent around the world in search of innovative products. If Ramona easily found this on the internet, Next Step is likely practicing false advertising. Dillon states, “In many industries, false comparative advertising is still common. Companies therefore need to remain vigilant in monitoring the development of this legal field so that they can readily identify competitor false advertising.” According to Dillon, false advertising is harmful to a company as it has the potential to damage their reputation and lose goodwill among its customers (2015). This should also damage the credibility of the company in the eyes of potential employees similar to Ramona. She will remember when the recruiter laughed at the false claims that she obtained through little research, which damaged some credibility she had of the organization.
It's difficult not to be cynical about how “big business” treats the subject of ethics in today's world. In many corporations, where the only important value is the bottom line, most executives merely give lip service to living and operating their corporations ethically.
In a workplace there are many decision to be made, however, an ethical decision is the most challenging. An ethical decision involves knowing what is right or wrong and then doing the right thing (McNamara, n.d). However, the right thing not always can be the correct decision; it will depend on the perspective of each stakeholder. An employee can make an ethical decision in regards to product or service. In order to further reflect whether a decision is ethical, I will consider an example extracted from the “Real-to-Life Examples of Complex Ethical Dilemmas” and the results from the answers to “Method One – Ethical Checklist.” The example that I’ve chosen is "A customer (or client) asked for a product (or service)
In the case study, the manager has to make a decision on whether the firm should be sold to the leading multinational corporation. Accepting the offer to sell the firm means that the users of Viber’s personal details will be exposed which is unethical and a violation of a person’s...
The six basic guidelines outlined by the George S. May International Company (GMS) for making ethical business decisions are so simplistic and common sensible that it is hard
The concept that “business ethics is an oxymoron” is a topic that at first may seem like a contradiction. This refers to the “apparently inherent” conflict between morality and the pursuit of profit (Transcript: Ethics: Business an Oxymoron?, n.d.). The implication is that if a company has to choose between profits and doing the right thing, the business will choose profit because that is what businesses are all about. However, this notion comes from a point of view not familiar with how businesses actually operate. There are more benefits and incentives for a business to act ethically than to act unethically, and that is what this essay tries to prove. Having strong ethical components in a business is the only way businesses
Marketing ethics in the 21st century has become a priority for organizations. Society has a growing impatience with selfish actions that deprive some, while enriching others all for the bottom life, at whatever costs. Ethics is no longer an option for organizations in today’s society; it must be incorporated into their business plan. Each organization must have a concern for the society as a whole. Ethics has been at the top of the headlines in today’s society. Ethical behavior of a company can be the difference between their failure and success. A code of ethics is currently used by many corporations, which details the importance of every day responsibilities of the employees. Ethical decisions must start at the top of the firm’s organization, meaning from the CEO and then downward, how can one expect an employee to be ethical if the people in charge are not be ethical themselves. The Sarbanes-Oxley Act is currently the only act in place that has a clear system of rules and penalties. This act was created to protect investors by enforcing the accuracy and reliability of compan...
A second common ethical business challenge is honesty and integrity, or the act of accepting responsibility for mistakes and being honest to one’s employer, employees and or customers (Kurtz and Boone 37). It is also an act of honesty and be consistent with your own moral and ethical values (Fabric). When an individual makes a mistake, instead of blaming it others or denying it, the best thing is to accept one’s mistake and learn from it. When an individual follows the right way, it builds trust with the customer, employee or employer as well as showing characteristics of a possible
It is contended that a business should only focus on making profit and most of the businesses think business ethics costs too much to put up with, but being ethical and socially responsible is necessary for companies. Business ethics is a group of moral principles in the business environment. Many factors of business environment can cause corporates to act unethical such as competition, the urge to make profit and selfishness. Generating revenue is vital for corporates, that’s unquestionable, but competi...
Albert Carr argues that business is a game and that business ethics differs from private life ethics that individuals practice. Carr explains that practices such as bluffing and not telling the whole truth are morally acceptable in business context. Carr claims that one cannot apply a single standard of ethics universally as situations differ from one to another. My response to such claim is that I refuse to accept that businesses cannot be strictly ethical.
Taylor faces a predicament regarding her lumberyard business and employees due to competitive pressures. She may have to make a choice to save her business, which would be at the cost of her employee’s welfare. Therefore, in this paper we will explore through the various ethical theories and help Taylor adopt an ethical decision that will save the future of her business and employees.
The Merriam-Webster dictionary defines ethics as “rules of behavior based on ideas about what is morally good and bad; the principles of conduct governing an individual or a group”. Merriam-Webster dictionary also defines substandard as “below what is considered acceptable or normal, of a quality lower than prescribed by law”. Because of unethical conducts in the USA and Europe, the world witnessed a financial crisis. The global financial crises in 2008 affected hundred and thousands of people all over the world because of unethical business conducts. Integrity is the backbone of most successful companies. Lauren’s company has a good reputation and strive to maintain it, but as a recent graduate and a new employee, she is likely to face ethical conflicts in her new position, especially difficult business ethical decisions that suppose to be on the desk of top executives. She will be faced with challenges that will hinder her success and even relationships in the company. Lauren’s role as a quality supervisor and signing off on a substandard product is unethical and deviates from the basic approaches to ethics, which includes; the Utilitarian, rights, fairness, common good and virtue approaches.
The most important aspect is that even an unethical behavior of one salesperson could result in the undermining of the whole company’s reputation. There are some illegal selling activities which are found to be crossing the line. This means that the salesperson is seen to be misrepresenting the truth. The real attributes and properties
Shaw, W. H., & Barry, V. (2011). Moral Issues in Business (Eleventh ed., pp. 230-244).
Additionally, the bonus money can be fairly divided between the two. Employees have the responsibility to follow and maintain business ethics and the code of ethics in the workplace. Employees have to be honest, communicate at all levels of the organization, deal with issues at the lowest possible level, and avoid conflict of interest that would lead to unethical decisions. Also, employees should be educated about the policies and regulations set by the company in order to maintain ethical practices in the workplace. Jacob and employees in general are bombarded by ethical issues and by abiding by their roles and responsibilities will guide them in making ethical decisions.