Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Business ethics case example
Ethics values in business
Business ethics nowadays
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Business ethics case example
Outline :
A) General overview.
B) Utilitarian theory.
C) Kant theory.
C) Rawls theory.
D) Conclusion.
Foreword:
This research paper discusses theories in business ethics. It also considers three cases that illustrate ethics principles violation.
Thesis:
Nowadays in the era of economic relations and international trade business ethics plays a very important role.
Nowadays in the era of economic relations and international trade business ethics plays a very important role. It is of vital importance at any level of activity: corporate, state or international. Questions of corporate social responsibility and business ethics are engaging business more and more - both domestically and internationally (Sims 2006). This tendency is emphasized by outrageous cases in international trade illustrated by violating rules of ethical behavior. Rules and regulations on ethics and behavior are affected unavoidably by basic values about the goal of company in the community. However, some organization members think the only social goal of a company is to gain benefit. On the other hand, other members consider that that the goal of a company is much wider than one of gaining profit and that all those participants who are influenced by the firm's activity - shareholders, staff, consumers, suppliers, the domestic society, babies (in particular concerning environmental protection) - have a reasonable concern and commitment in the corporate activity. Many of these commitments are important to a company whether it is domestic or international in its activity. Nevertheless, international companies face specific difficulties and requirements and above those operating only in local market.
The first situation we were given to c...
... middle of paper ...
...ies to accord with the bounds of justice" (Megan 2006).
More and more corporations carry out international operations as a routine of their everyday functioning. However, the situation is complicated by the differences in cultural values and behavior. To hold its goodwill and reputation a company must follow business ethics principles. Sometimes the owners of the corporations ignore ethics rules and regulations that causes unfair practice in business. I should admit that unfair practice is more spread in business sphere than just operation.
Bibliography
1. Egland, L. (2006). Business Ethics. Retrieved February 26, 2008 from http://exchanges.state.gov/forum/journal/bus1background.htm
2. Megane, C. (2002). Rethinking Business Ethics: a Pragmatic approach, NY. Routlage.
3. Sims, R.R. (2006). Teaching Business Ethics for Effective Learning. London, Westport.
Ethics as an invisible rule exists in our society, and it help us to examine what the right or wrong is. Ethics is not a law, but it seem like an invisible law to control everyone whose behavior. Business ethics always applies into trading or some competitors behaviors. According to the case, I have been catch up five points of ethical dilemmas for business ethics:
Ethics at this point in time is very important, mostly in business organizations. As globalization is a real and growing matter, organizations need to be aware and have the knowledge of the ethical values. People have the right to be well treated meaning that they should get well paid (get the minimum wage), be over the minimum working age allowance, essentially these two aspects are one of the most important ones. Companies need to be strong enough to overcome the temptation of the countries that offer this kind of unethical working ethics, a lot of times people don’t realize immoral behavior and some times companies take advantage of the economic problems that countries can have. What is the ethics of the business?
Do you agree with Schmeltekopf that business schools are not preparing students well for the for the ethical challenges they will face in the workplace? Why or why not?
In today’s global society, a Code of Ethics policy is used to label established, acceptable behaviors among that industry’s business associates, potential investors, and the corporation’s executive officers and employees, and most important, the consumer (Ethics Resource Center, 2003). In an attempt to promote an increased efficiency and productivity potential level, among employees and prospective clients, a corporation’s standard Code of Ethics should guide its members toward a more in-depth examination of their personal moral activity, and how these actions affect the people or acquaintances they encounter. A company should utilize this strategy as a model for the professional behaviors and responsibilities of its constituents, and proves the occupational advancement of that business. Ethics are important in every level of a corporation, but specifically in the day-to-day actions of its members, and the image the company broadcasts to its associates is fundamental in building a stable business foundation. These pledges are a vital communication tool used to covey the firm’s standards for business operations, and predominantly, its relationships with the surrounding communities (Ethics Resource Center, 2003).
Business ethics simply can be defined as the application of business values in the business practice of a company (Seawell 2010, p. 2). For a multinational company, business ethics is one of the critical aspects need to be taken into account in business decision-making processes. Failure to give attention on ethics may bring consequences on company’s reputation (Meyer & Jebe 2010, p. 159). The company is expected not only to pursue its own profits but also contributing to the environmental and social welfare of the community where it operates (Svensson & Wood 2008, p. 308).
Throughout the course of day-to-day business life, the business professionals come in contact with quite a sum of ethical dilemmas. There are various ways to handle these ethical dilemmas, but failure to follow the appropriate manner could result in an unethical outcome. The ethical guides related to the book definitely help students develop an ethical character that is sure to stand out for highly ethical companies. In addition, there are companies that test how ethical applicants are before hiring them, this in turn makes getting the job more difficult and costly. However, despite the high cost and difficulty said companies stay firm to ethics, guaranteeing they get top-of-the-line employees who will act in an ethical manner. Ethics is defined
Explain the connection between the economic model of corporate social responsibility and “free market” or “neoclassical” economic theory.
In modern day, businesses measure prosperity by their ability to earn profit and revenues; however, there are limits to how a business should run for their personal gain. This is where ethics comes in the matter. Ethics are an important requirement for human life because they establish an individual’s moral judgements between right and wrong. Humans are guided to organize their goals and values to the degree of their importance through ethics. With that said, ethics are just as necessary in business practices.
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.
Ethical business practices include assuring that the highest legal and moral standards are observed in your relationships with the people in your business community. This includes the most important person in your business, your customer. Short term profit at the cost of losing a customer is long term death for your business.
In the business world there are many fundamental aspects and situations that can lead to several issues. In order to find an optimal and professional solution, business decision makers need to apply moral and ethical standards. And it is at that moment in which business ethics perform its role. Business ethics, which is in charge of examine how companies and individuals should act in business situations, is very essential in order to reach a common agreement and to work within the laws of business and solve an arisen dilemma. Working of the hand of ethical business companies, employees, investors, directors, and even individual officers can be beneficiated and obtain most favorable outcomes.
Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2011). Business Ethics: Ethical Decision Making and Cases. Mason, Ohio: South-Western Cengage Learning.
There are a number of issues that affect international business ethics. They include employment practices, human rights, environmental regulations, corruption, and moral obligation of multinational companies. Employment practice refers to the working conditions an employee must work under. This can be very difficult to gauge, because many times the working conditions of a host nation are inferior to those in an organizations home nation. Many organizations have had to fight with these regulations. A good example of this in the trouble Nike found themselves in during the 1990s. There were a number of news reports released about the working conditions of most of its subcontractors were very poor . The Nike Company was not breaking any laws but it did bring into question the ethics of using a sweatshop. After this incident it left a number of questions for the international marketplace. In recent years many companies have cut ties with organizations that use unsafe and unfair labor practice.
The Facts: Kermit Vandivier works for B.F. Goodrich. His job assignment was to write the qualifying report on the four disk brakes for LTV Aerospace Corporation. LTV purchased aircraft brakes from B.F. Goodrich for the Air Force. Goodrich desperately wanted the contract because it guaranteed a commitment from the Air Force on future brake purchases for the A7D from them, even if they lost money on the initial contract.
Ethics is the study of right or wrong and the morality of the choices that individuals make. That basicly means the set of morals or responsibility that a person, group, or field have. Ethics can also be classified as code of morals. In business there are ethics that portray to business. These are called business ethics, business ethics just happen to be the application of ethics, morals, into the business field. Some examples of business ethics are obeying all rules and regulations even when nobody 's looking, which is pretty self explanatory, you shouldn’t be breaking rules. Even if it is as simple as washing your hands after you use the restroom or straight up lying to your customers, they are the ones making you money so if they find out