Ethical Situations in Business Task 1 Erica Young Western Governors University Ethical Situations in Business Many companies are now looking into their business practices and how it benefits society. Corporate responsibility continues to be impacted as consumer awareness to global issues grows. For example, a small locally owned grocery store located in a metropolitan area just closed the doors to two stores located in high-crime-rated areas of the city due to no financial gains. The store just added a health conscious section for consumers that requested a need for it in the store, even though the cost and marginal is higher than most options in the store. With all of that going on the owner of the store was approached by a local food bank for one day old products that can be donated to them to help the community. The owner declined to help by citing that he feels by help he is opening a chance for loss of revenues due to employees not being honest. He thinks that his employees will just say that products are being donated when they are stealing. There are several …show more content…
He stated that he was worried that with donation he would be at risk for loss revenue due to employee stealing. With that statement he showed his employees that he didn’t trust them and was okay letting anyone know that. That leads to employees not having a connection with their work and not caring about their quality of work. The owner needs to create a shared value within the grocery store, employees need to feel invested. By creating a shared value his grocery store will be successful, he will have a better customer satisfaction overall. With these changes the grocery store will be possibly become more profitable and successful which will help the owner, employees and society as a whole thrive and
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I feel that this situation is extremely unethical because if you were to keep quiet it is not only morally wrong, but extremely dangerous. There could be a variety of issues that could arise from this choice, ranging from health defects to the public or your company suffering legal litigation due to failing to report the issue in the first place. This doesn’t even include the amount danger to your own career and future with the company.
Ethics in business is important of everyday moral and ethical norms to business. Perhaps, the Ten Commandments from Bible come to mind as an example of morality that still used by many today. These commandments carry concept of being truthful and honest, and try to stay away from theft and greed. An idea of stewardship can be found in the Bible as well as many other religious literatures that can be and have been applied to business.
Stakeholder power, business management, organizational culture, and business ethics are factors that impact corporate social responsibility. In this regard, these factors challenged business firms to create positive impact to society and conform to the overriding expectations of consumers at large. Companies receive rising pressure from governments, competitors, and stakeholders to play the leading role in social responsibility by addressing a wide range of environmental, public, and governance concerns – varying from climate change to obesity to human rights – in a company’s supply chain (Bonini et al 2011.). These growing concerns of social groups in political and environmental issues has led companies to generate mechanisms as well as contract between business and society of addressing these issues and entering into a free market agreement.
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.
TechFite is known for leadership development and employee empowerment. The purpose of his policy is to provide employees with options to further their education in an effort to develop as a leader. for Techfite to reimburse a portion of the cost to the employee.
Ethics and moral values-based problems in the workplace are difficult to handle when workers have to choose between what’s right and what’s wrong according to their own ethics. Advancing rational managers who implement office ethics rules is generally well-set for the probable conflicts of attention that arise due to the variety of judgment, ethics and nation in the workforce. At the same time, handling ethical cases in the office involves a stable and cautious tactic to matters which can hypothetically be hazardous. According to Lattal and Clark (2007), there are performances that each of us can do to give to a “stronger ethical workplace”, that means person representative behaviors deemed ethical. Employees’ Critic managers Primarily by Three Aspects – the complete personality of their managers as skilled through individual dealings; how eldest bosses handle emergencies; and the rules and actions adopted by senior managers to accomplish the corporation.
Ethics are principles and moral, it is a way of governing the person behaviors and decision. Ethics help the person to decide whether actions and behaviors are good or bad right or wrong. Ethics is related to everything even business. Business ethics is set of principles related to the business environment. Recently, these principles considered to be one of the significant things that help in deciding how the business should deal with different situation. However, leaders are the controllable for having ethically business environment since they have greater influence on the employee behaviors, achievements and actions. Setting a clear set of business ethics which are moral, principles and rules should give the leaders a clear path on how they
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).
Social responsibility in business is very important because it goes hand in hand with creating shareholder wealth. A business should strive to increase their positive effects on society and decrease their negative. In the case study we were given we were asked to examine Company Q’s relationship with social responsibility. Company Q is a small local grocery store located in a metropolitan area. After careful review of Company Q it is very evident that their social responsibility is poor and needs improvement. Recently they closed a few stores in higher crime areas blaming the closures on the stores consistently losing money. Company Q has finally begun to offer
Ethics can be defined as knowing the difference between what is moral and what is immoral but decide on doing what is moral (Nieuwenhuizen & Oosthuizen, Ed, 2014: 93). Unethical business conduct can damage the organisation’s reputation and therefore result in loss of sales and profits, which will consequently result in failure in the long run. Stakeholder’s interest in business ethics is constantly rising and therefore puts pressure on businesses to up their standards in displaying ethics to all stakeholders through good governance, good ethics and social responsibility in order to ensure sustainability. Organisations should therefore take into consideration all the elements of triple bottom line. Leadership is the ability of a person to motivate others in the organisation in order to ensure success in the corporation. All corporations require good leaders who will ensure that the organisation’s mission, vision, goals and objectives are achieved and to keep all employees motivated.
Throughout the ages businesses have developed through technological advancements and innovative ideas but there has always been a common struggle that they are faced with, ethical decisions. Everywhere we look there is some level of ethical deterioration (Norman V. Peale, 1988), immoral millions made through inside trading information, a day hardly passes without the head of some major organisation who has been involved in some aspect of an ethical dilemma. This essay will break down why businesses struggle with ethical decisions but before examining such a sensitive issue we must understand what an ethical decision really is. Within the process of decision making, ethics are the personal standards of right and wrong. They become the basis for making ethically sensitive decisions. “All that is necessary for the triumph of evil is that good people do nothing” (Burke,n.d). This quote from Edmund Burke who many view as the philosophical founder of modern conservatism shows the importance of the approach we take when it comes to ethical decisions in the workplace as the decisions we make can reflect on how the business is viewed by the outside world. In this essay I will be exploring relevant theory when evaluating why businesses struggle with ethical decisions. Firstly, I will look at how the outcomes of the ethical decisions affect the way in which they are approached. Secondly, I will look into the conflict between individualism and collectivism as businesses struggle to separate individual’s interests and the collective interest of the business. Thirdly, I will look at the moral rights approach and how businesses like Nike cross ethical lines for competitive advantage. Then the justice approach where ethical decisions are based on...
Business morals are a type of expert morals that analyzes moral standards and morals or honorable issues that emerge in a matter. Business morals apply to all parts of business behavior and its pertinence to the behavior of people and business association in general. This paper will focus on whether or not Ramona Alexander should sign a contract with Next Step Herbal Health Company. I will outline discussion points and draw my conclusion from the following ethical concepts, integrity, honesty, business code of ethics, and biblical, to suppose my decision as to why I would advise Ramona against signing a contract with Next Step Herbal Health.
While on exchange in Australia, I was employed as a part-time waitress at a chocolate café. My duties included taking orders, washing dishes, and making and serving food and beverages. I was lucky to be hired, as it was difficult for students and backpackers to find part time work in the city I was living in. The café was a part of a larger franchise, where the owners were rarely present. At the site, constraints included a lack of resources and attention.
The textbook defines business ethics as “the accepted principles of right or wrong governing the conduct of business people.” Business ethics also govern the members of a profession and the actions of an organization. Many organizations put into place an ethical strategy which is “a course of action that does not violate accepted principles.” These principles are used to guide organizations and employees to make the right decisions.
Introduction The situation currently inside Eclipse Airline is one that involves the absence of ethics. There is no ethics program of any type in line with the daily functions or the future progression of Eclipse Airline. As so, “ethics” is defined by the employees and is passed on under management from employee to employee via verbatim. The CEO of Eclipse Airline further recognizes possible problems that may arise in the absence of an ethics program, one that recognizes the safety of the employees and also of their client passengers. The problems are compounded by the duality of unrefined form of ethical culture in the company and the economic pressure which is at the face of any business progression. Further note, because the airline conducts business outside of the U.S., to define ethics is another hurdle due to the differences in culture in foreign soils. From the top down perspective, there is no one to be identified who models exquisite behavior for which others can follow in foot step.