FACT: Luke, an employee of ABC Company, is in charge of ABC Company’s land development project. It is planning on building an adult entertainment store on the land they recently purchase. Unfortunately, his brother, Owen, happens to live in the same area. Luke remembers Owen, once says, he wants to sell his house by accept the offer by real estate firm for an acceptable price compare to the market. However, he is debating whether he should sell it or waits for the real estate to rise. Luke realizes with the appearance of adult entertainment in the near future, the value of the surrounding neighborhood is likely going to drop significantly.
ISSUE:
From here, an issue has been established. Luke has to face an ethical dilemma whether he decides to tell his brother about the adult entertainment project. If he discloses his company’s confidential information to his brother, he would violate his work ethics. On the other hand, if he refuses to share the information to his brother; his brother would suffer losses from selling the house in the future instead of the current market price.
Ethical Senses: The Golden Rule: it states that one have to treat others as one want to be treated. For the rule to applicable, one must be highly ethical (GENB 4350 Online Lecture, Ethical Reasoning 1) Virtue Ethics: Virtue Ethics suggests
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The Golden Rule wants Luke to treat others as he wants to be treats. On the other hand, Virtue Ethics along with his characteristics suggest him to a decision based on honesty and trustworthiness at the same moment. Through the discussion above, it would be best for Luke not to alert his brother, Owen, about ABC Company’s project. If Luke is Owen, he also wants Owen to alert him about the information because they are family members. However, if Luke decides not to disclose; he may will gains trust from his teammates and employer. This will make Luke a valuable asset of the
Cruickshank, Garth & Romano is a new real estate appraisal and consulting firm. Richard Romano, a principle of the firm, had just completed a preliminary evaluation of a property for a new client, Watson & Musico. However, his client refuses to accept the appraisal and requested the value be increased by $4.5 million or else they would take their business elsewhere. Richard's decision on his client's estimate could have great impact on Cruickshank, Garth & Romano's success and its ability to develop new clients. The new firm could ill-afford to pass up on doing Watson & Musico's business but Richard also wanted to complete the appraisal according to his best estimate of the current market value of the property. This paper will analyze the ethical issues and alternatives for this case.
Moncrief Company agreed to pay Jim Lester 20% of the gross profit made from the 2013 sales of the Zelenex. Between January 1, 2013 and December 28, 2013, Moncrief’s total available units for sale were, 50,000 units of Zelenex for $30.00 per unit ($1,500,000). Also in addition to the former activities, Moncrief sold 35,000 units for $60.00 per unit ($2,100,000). Moncrief Company uses periodic LIFO inventory method as a result, Jim Lester was to receive $210,000. (Textbook pg.469)
So, Luke should question himself about what type of person he wants to be or what virtues make him who he is. Since Luke is an employee of a company, we can assume that honesty and trustworthiness are two possible traits from Luke’s character. If Luke believes honest is the most important value to consider in decision making progress, then Luke should be honest to his brother about the upcoming project from his company, and its impacts onto the area. However, if trustworthiness is Luke’s main principle, then his decision should reflect how he can be trusted. As an employee who is in charge of ABC Company’s project, Luke should be reliable for keeping secret about the confidential information regard to the project. He should not reveal to any outsider of the company, even to his brother Owen. When Luke chooses this decision, he succeeds as a trustworthy employee, but fails as an honesty brother to Owen. Luke’s decision help to bring profit to the company, but in the other way it brings loss to Owen. He knew the value of Owen’s property may drop when the project is announced to public, yet he does not inform Owen about this. His silence will damage the relationship between him and his brother as when Owen finds out in the
In existence is $150,000, specifically set aside for the purchase of distressed real estate. This essay will outline a detailed strategy ensuring a maximum return in regard to the financial investment made on the home. Including a description of distressed real estate and foreclosure in addition to how utility can play a role in the decision-making process.
I would hope that everyone behaves as we wish others to behave, because it shows you have integrity. Self-interest is not unethical; if you do not behave as we wish others to behave that is your personal choice and based on your ethical values. Many would think of “The Golden Rule”. However, it is easier to tell others to live by this rule than to actually put this rule into action. According to a newsletter written by William Scott Green, called Parsing Reciprocity: Questions for the Golden Rule, “The Golden Rule is easier to endorse than to enact. As a general moral principle or as an abstract statement of ethical value, the Golden Rule makes intuitive sense and enjoys wide acceptance across religions and cultures. But the generality and abstraction that enable its broad appeal make the Golden Rule problematic as a directive for practical action. Indeed, on Gert’s analysis, it is possible that the Golden Rule must be read figuratively or very expansively in order to be used, surely a challenge for any basic moral principle. The Golden Rule can be accepted unambiguously but applied only after considerable reflection and qualification.” After reading this article, it confirms to me that it is easier to tell others to behave as we wish others to behave than to actually do it. People will live by “The Golden Rule” only if they choose to in certain situations. My answer to this question does not conflict with my answer to question
George has a PhD in chemistry and is finding it difficult to find a job. He is not in the best health, which limits the kinds of jobs he can take. He has young children that need taking care off but his wife is working to support them, which causes more strain on his family. One of George’s older colleagues tells George that he can get him a decently paying job in a laboratory; however this laboratory specializes in chemical and biological warfare, which is against George 's moral code. George wishes to not take the job, but his friend tells him that if George turns down the job, it will go to another colleague of theirs. George’s friend is concerned because this other colleague truly believes in the work of the laboratory and will pursue his research with a greater passion than George, potentially causing the creation of new chemical and biological weapons. The question remains, what should George
life: the Golden Rule. The Golden Rule states “do unto others as you would have them do unto
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?
The term “ethical business” is seen, by many people, as an oxymoron. This is because a business’s main objective is to make as much money as possible. Making the most money possible, however, can often lead to unethical actions. Companies like Enron, WorldCom, and Satyam have been the posterchildren for how corporations’ greed lead to unethical practices. In recent times however, companies have been accused of being unethical based on, not how they manage their finances, but on how they treat the society that they operate in. People have started to realize that the damage companies have been doing to the world around them is more impactful and far worse than any financial fraud that these companies might be engaging in. Events like the BP oil
Explain the connection between the economic model of corporate social responsibility and “free market” or “neoclassical” economic theory.
Respect Others (Luke 14:11): "For everyone who makes himself great will be humbled, and everyone who humbles himself will be great." The passage teaches us mainly about helping others if they need help.
B. Do unto others as you would have them do unto you. Rating:1! Ahhh, the Golden Rule-you gotta love it. I suppose the only problem is like the example in the book of the African tribe that eats their dead, if I died there, they would eat me because they would want to be eaten. Very tricky.
relevant to life, such as do not kill and do not steal. The bible also
According to the scenario, Jacob and Krystal worked in an ad agency that started five years ago in Topeka, Kansas. The ad agency was barely making a profit and needed a large client, which led the agency to put in a bid for a city government contract. Due to Jacob’s son being sick, he was preoccupied with taking care of his son and left Krystal with most of the work. Krystal prepared the presentation and got with Jacob the day before the final meeting with the client. Krystal knew that Jacob has good speaking skills and they both decided that Jacob would do the presentation. Jacob’s presentation was a success and they successfully sealed the contract. The owners of the company were so impressed and gave Jacob a bonus check of $10,000. Jacob saw this opportunity where he could use the money for his son’s medical bills. However, he knew that Krystal did most of the work and deserved the bonus money. Jacob is disappointed and his situation has left him with a decision on what to do with the money. This case study will pinpoint Jacob’s ethical dilemma and what ethical action he should take. Also, the roles and responsibilities of an employee dealing with an ethical situation as well as the ways of an organization to maintain ethical practices in the workplace
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.