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In deciding whether or not to procure stock based off the information I acquired unintentionally; I decided the ethical dilemma deontology is the most ideal of why I would not purchase the stock. Ethics are defined as moral principles that governs one's behavior. Although, I would be saving my loved one life possess the upmost importance to me, I cannot compromise my integrity or morals. First and foremost, I was not privy to the information that resulted in me acquiring the stock. If I had been privileged to such information my company would have the expectation of me not using the information for personal gain. There is a certain level of wrongness to violate my company's trust by using the classified information for personal gain. One could
“Most people in the U.S. want to do the right thing, and they want others to do the right thing. Thus, reputation and trust are important to pretty much everyone individuals and organizations. However, individuals do have different values, attributes, and priorities that guide their decisions and behavior. Taken to an extreme, almost any personal value, attribute, or priority can “cause” an ethical breach (e.g. risk taking, love of money or sta...
Ethics policies are implemented in almost all businesses. Companies search for candidates that will be moral in their actions so they can ensure long-term financial success. Throughout history we have seen businesses fall due to unethical behavior. In recent years the business Enron Corporation is best known for the scandal that led to the bankruptcy of a company with more than 60 billion dollars in assets. We will examine the circumstances that led to the downfall of Enron, how the scandal was realized, as well as the outcome of one of the largest bankruptcies in American history; a case that exemplifies unethical professional behavior.
The Virtue, Utilitarianism, and Deontological concepts all have something in a common. Each one of these three concepts concentrates on an individual’s actions leading to various options, in addition to how the options affected others. The variations within each of these concepts are who engaged and was impacted by those options. The Virtue concept concentrates on an individual's character. One could stay in their lifestyle by seeking quality in everything they and others do (Boylan, 2009). The Utilitarianism concept considers that an activity, which is created to the advantage of a team, is fairly appropriate, if it delivers the biggest advantage to that team (Boylan, 2009). Utilitarianism is frequently known through the motto, “The biggest excellent for the biggest variety (Boylan, 2009).” between the three theories, Deontology is the most different. This concept moves around ones choice to control. Deontologists create options depending on understanding that something is right without concern to the higher excellent of others (Boylan, 2009).
Abortion has been a political, social, and personal topic for many years now. The woman’s right to choose has become a law that is still debated, argued and fought over, even though it has been passed. This paper will examine a specific example where abortion is encouraged, identify the Christian world views beliefs and resolution as well as the consequences of such, and compare them with another option.
According to deontology, people have an obligation that is imposed upon them by the duty to perform certain actions without due consideration on their consequential outcomes, (Braswell, McCarthy & McCarthy, 2011). This explains the instances where it is morally justified to perform a certain action whose pain is greater than the collective pleasures that can be derived from it, (Braswell, McCarthy & McCarthy, 2011). One of the major contributors to the deontological ethical theory is Emmanuel Kant. Deontologists include other ideologies that are inherently lacking among the consequentialist theories, particularly the utilitarianism. These aspects include the duty to act as well as a consideration of the intention to do what is right against what is wrong, (Braswell, McCarthy & McCarthy, 2011). Deontological theorists argue that good intentions or good will is what informs the moral worth of an action and not just a consideration of the
The method of ethical decision making which was developed by Dr. Cathryn A. Baird presented two components contained in all ethical decisions which are; The Four ethical Lenses and the 4+1 Decision process. The Four Ethical Lenses issue claims that different ethical theories and the means in which we tend to approach the situations which form part of our ethical traditions are looked at in four different perspectives. From each perspective there are different values on which to decide whether the action taken is either ethical or not and each lens also lays emphasis on determining whether the decision made is of ethical requirement. In the 4+1 Decision Process, people who are responsible for making final decisions in an organization do it using four specific decision making steps and eventually will end up with one extra decision which gives a chance to reflect. The 4+1 decision process allows the decision makers to give solutions when faced with complicated ethical issues (John Muir Institute for Environmental Studies, 2000).
In the following case, Luke is involved in a very perplexing conflict, or Ethical dilemma. This situation is an Ethical dilemma, and not just a regular “everyday” problem, because to Luke there might not be an obvious answer. He can also be thinking that both choices, keeping his commitments of confidentiality and telling his brother, Owen, are both correct things to do. If Luke tells his brother about the project, then he might concur with a theory known as Breach of confidentiality. “Breach of confidentiality occurs when someone gives away information that was supposed to be kept private.” (GENB4350 Online Lecture, Ethical Reasoning 1). By Luke breaching information that is supposed to be kept secret, he will betray the trust of his company
The selected issue for the paper is where an employee has not given their current or potential customers accurate information when opening accounts or requesting new services from Washington Mutual. When a person is in the workplace proper business ethics is used on a daily basis. An employee can make ethical decisions by applying their critical thinking skills to the situation they can ensure that the decision that they make is the right decision. The decision process can be very tiresome process but with the proper procedures one can become a better decisions maker.
This case study is not about Ms. Stewart direct participation with illegal insider trading as the media had steered the public to believe. To begin, Ms. Stewart received a phone call from Ann Armstrong, her assistant, stating that Peter Bacanovic, her stockbroker, “thinks ImClone is going to start trading down.” (Arnold, Beauchamp, Bowie, 2013, p. 390) Although Ms. Stewart was not able to get a hold of Peter, she talked to his assistance, Douglas Faneuil,
But since the latter part of the 1960’s, stricter enforcement of insider trading practices has been put into place because of financial scandals. The first to be discussed is a concrete definition of “insider trading” as it is discussed in this essay. According to the “European Communities 1989 Insider Dealing Directive”, insider trading is the dealing on the basis of materials, unpublished, price-sensitive information possessed as a result of one’s employment. (Insider Trading)” Ivan Boesky pleaded guilty to the biggest insider-trading scheme discovered by the United States Securities and Exchange Commission (SEC). He made $200 million by profiting from stock-price volatility in corporate mergers.
Do you think deontological ethics represents a strong theory? Why or why not? What is the danger of focusing on intentions as our moral guide? Do you think reason is objective and universal as Kant does? Explain.
In this assignment we will be identifying an ethical dilemma an individual has experienced. We will begin with a short introduction of what an ethical dilemma is, moving on to providing brief details of the dilemma an individual has experienced. We will then go on to selecting one ethical theory, to show how it can help an individual understand and deal with the situation when placed within, followed by a conclusion.
Last summer I had an opportunity to intern for a regional public accounting firm just outside of Philadelphia. During the internship, I encountered my first real on the job "ethical dilemma." I had been working at the firm for probably 3 weeks before the incident occurred. It happened on a Friday in late June. This was no ordinary Friday, as all of the partners of the firm were out of the office on an annual retreat. Furthermore, on this Friday, many of the managers and principals of the firm were out of the office on vacation. Continuing, it was lunch time and I was approached by a senior staff member (who happened to be kind of the clown of the office). He invited me to a lunch engagement with him and other staff accountants and wanted to know if I would join. Of course being the new intern, I was happy to attend and have the opportunity to meet more people at the firm. Little did I know that this lunch engagement was a small "tradition" and was not a sporadic event. We got to a local restaurant/bar where we ended up eating lunch and hanging around for nearly four hours! During this lunch, I witnessed staff and managers of the firm talking negatively about other employees and partners that I had never even met. On top of that, the beverage of choice at our table was pitchers of beer. It felt weird drinking beer and watching managers of the firm pounding beers on the job. Being new to the professional world of business, I was not sure what to make of all this. I was looking at my first ethical dilemma. Something inside was telling me that it was unethical to be taking a long lunch and drinking alcohol on the job. The other side of me was saying this must be a special incid...
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.
Everyone in this world has experienced an ethical dilemma in different situations and this may arise between one or more individuals. Ethical dilemma is a situation where people have to make complex decisions and are influenced based on personal interest, social environment or norms, and religious beliefs (“Strategic Leadership”, n.d.). The leaders and managers in the company should set guidelines to ensure employees are aware and have a better chance to solve and make ethical decisions. Employees are also responsible in understanding their ethical obligations in order to maintain a positive work environment. The purpose of this case study is to identify the dilemma and analyze different decisions to find ways on how a person should act