Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
case study of ethical dilemma in business
Explain ethical practices In business
Explain ethical practices In business
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: case study of ethical dilemma in business
In the business field, there are many different ethical issues. The main problem that will be addressed is fundamental issues within a company. This problem not only will affect consumers, but also the business itself. Businesses will face ethical issues such as, trust and integrity, which may be dealt with through the terms of Kantian ethics and Utilitarianism. Having ethics in the workplace is essential because they give good guidelines and laws that will help the internal functions of a business, yet there are still disagreements on whether or not businesses should be allowed to exaggerate the truth while trying to sell a product.
Trust is one of the key elements of a successful company. An ethical value that creates a bond between the seller and the consumer. Businesses want to see that their employees are honest and trustworthy. Consumers trust the company is presenting honest information and would not cheat them. Think about it, would you want to put your money in a bank when you know the workers there have a previous record of stealing money out of accounts? More than likely most people would choose a different bank. Without
…show more content…
The first side will disagree that it is not okay and the second will agree. Whether it is altering the time sheet, like the example, or covering for someone who shows up late, according to Kantian ethics it is still morally wrong to do so. Basically, the person is cheating the company and lying to them. “Justice and beneficence are both duties; the way in which we are beneficent is constrained by the requirements of justice” (Cooke, " Kantian Ethics and the Duty to Aid: Famine Relief", 1). We are required to serve justice and do the right thing. When the other employee was “helping out his coworker, he was actually going against his boss and the requirements of his job. Person A also went against his duty to be on time. They are also stealing from the
I have been given the opportunity to take an ethical controversy and explore how six different ethic theories would apply to the situation. The ethical dilemma is such, “Investment brokers sometimes have a few clients who live hundreds of miles from their offices. For example, a Wall Street broker may provide investment counseling for his hometown relatives in upstate New York. By arranging to see them during his vacation visits home, he can claim his plane fare or car rental fees and perhaps even many of his meals as business expenses. In other words, he can deduct them on his tax return or, if he is employed by a company, claim them on his expense account”. In this essay, I will discuss Utilitarianism, Kantian Ethics, Natural Law Theory,
In this essay I will use ethical framework such as Kantian deontology and Kantian ethical theory along with key principles to argue the reason for my decision whilst justifying my decision.
Others believe that lying is okay, but only in circumstances where it better to tell a lie to prevent the consequences of the truth. These two views are very good examples of utilitarianism and Kant’s ethical views. Utilitarianism believes that as long as the actions of a person are for the greater good, or, greatest number of greatest amount of happiness is achieved, then the action is morally right. Kant’s theory is the opposite where there are certain types of actions that are never to be permissible (lying, cheating, murder, etc.). Kant believed that the wrongness or rightness of a person’s action does not depend on the consequences but whether they fulfill our duty. A duty is defined as the action that we are obligated to perform out of respect for the moral law. The moral law is the definition of good and evil and is our inner conviction of that we ought to do good. Kantian ethics teaches that the only truly good thing in this world without needing qualification is the good
permissible for a person to act in that manner by seeing if it would be
Interestingly, some critiques consider Kant’s theory to be constraining. Yet, the work of O’Neil suggests otherwise. She focuses on the second categorical imperative specifically to say that we need to ensure that we do not use someone as a mere means. More simply said, we do not coerce or deceive someone to reach our end (104-105). I would like to emphasize that she specifically points out we “cannot just claim that our intentions are good and do what we will” (105). Relating back to Kant’s theory of a ‘good will’, our maxims should be out of duties sake. Therefore, we do not have to spend a life committed to doing the most good and creating the most happiness, but rather a life in which we are fair and do not act to use others to promote happiness as a mere means.
children. It has been widely accepted across the world that a parent should do whatever it takes
(Beginning unfinished) In this paper, I will introduce two arguments against Classical Utilitarianism and explain why they are compelling and tenable objections. I will then anticipate how a non-utilitarian Consequentialist might try to avoid these problems. In the last section, I will use the example of poverty relief to explain why Kantian Ethics immunes from the harsh criticisms faced by Utilitarian.
In order to understand the debate of business ethics, one must understand the concept of capitalism. Capitalism in its purest form is free enterprise, meaning that the market functions with minimal interference from government and other forces. If this is possible then businesses compete with each other on an equal playing field and whoever has the upper hand can gain much of the market. Each business will fight for there own share of the market and it is basically survival of the fittest, whoever has the better product, price, quality will win over customers.
People face ethical choices every day, and there are several different approaches towards reaching a decision. A professor is tasked with making a decision as to whether he should report a high-achieving student, Charlie, for plagiarizing an article. The professor must use reasoning and ethics. One of the most famous form of ethics is Kantian ethics, which is a form of deontology, or duty-based ethics. The professor can use Kantian ethics to make his decision, or he can take into account the context of the situation to further asses as I would do.
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.
Kant says that moral values are ‘good without qualification.’ This assertion and similar remarks of Plato can be understood in terms of a return to moral data themselves in the following ways: 1. Moral values are objectively good and not relative to our judgments; 2. Moral goodness is intrinsic goodness grounded in the nature of acts and independent of our subjective satisfaction; 3. Moral goodness expresses in an essentially new and higher sense of the idea of value as such; 4. Moral Goodness cannot be abused like intellectual, aesthetic, temperamental and other values; 5. Moral values are good in that they never must be sacrificed for any other value, because they are incomparably higher and should absolutely and ‘first’ be sought for; 6. Moral goodness makes the person as such good; 7. All three different modes of participation in moral values are linked to the absolute, most ‘necessary’ and highest good for the person; 8. Moral Values are goods "in the unrestricted sense" by being pure perfections in the sense that "neither in this world nor outside it" can we find anything that could be called good unqualifiedly except moral goodness which is absolutely better to possess than not to possess. 9. Moral Values are unconditionally good because they are never just ‘means’ towards ends. 10. Moral values imply a new type of ought which elucidates the ‘absolute sense’ in which they are good. Conclusion: These distinctions allow a better grasp of Kant and Plato as well as of a central ethical truth decisive for the moral education of humankind.
Ethical issues in business arise because of conflicts between an individuals personal moral philosophies and values and values or attitudes of organization in which a person works and a society in which one lives. Ethical issues can be identified in terms of the major participants and functions of business. Ethical issues related to ownership include conflicts between manager’s duties to the owners and their own interests, also separation of ownership and control of business. Financial issue includes, for example, the accuracy of reported financial documents. Ethical issues can acquire between manages and employees, then employees are asked to carry out assignments they consider unethical. Consumers and marketing issues are related to providing safe desired products for a fear price and not harming people and an environment. Accountants also face ethical dilemma, they have to deal with competition advertising commission. All of this places the accounting profession in situation of ethical risk.
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.
The ethics can be diverse depending on the business. But the ethics not only applies to the way the business interacts with the world at large but also the way they interact with the single individuals, such as the customers. The nature of the business ethics has no consensus. In fact there is a great disparity of opinions for business and the society. Many corporation or the businesses feel that they have sufficient grounds to reject business ethics.
Business ethics are a set of moral rules that govern how a business operates, how people should be treated within an organization, and how business decisions are made. They are a crucial part of employment and in managing a sustainable business, mainly because of the serious consequences that can result from decisions made with a lack of regard to ethics. Even if you don’t believe that good ethics don’t contribute to profit levels, you should realize those poor ethics have a negative effect on your bottom line in the long-run. Every business in every industry has certain guidelines to which its employees must stick to, and regularly outline such aspects in employee handbooks.