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Ethics in modern business life
Quizlet business ethics
Ethics in modern business life
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The main question of this situation is whether I, a supplier of business materials, am morally responsible for fixing or replacing a deck when the materials used in construction failed to meet the customer’s expectations to the point where it could have potentially cost her life. Though the incident was not necessarily my responsibility, and I have no legal obligation to fix the problem, I, personally, would not be able to do nothing to help while a customer suffered because something that I claimed would last a lifetime, lasted only a couple of years. Of course, taking the hit financially would be difficult. But as a person who strives to be as moral as I can, I would not in good conscience be able to stand idle while the customer was taken advantage of. To help my position, I will examine several ethical schools of thought to thoroughly inspect my point of view. …show more content…
Aristotle believed that in order to become a virtuous person, you had to practice moral behavior. In this situation, the moral thing to do would be to help the woman replace her deck, which in turn would make me into an increasingly moral human being. As a whole, Aristotle would say that in helping to fix the situation, I would not only benefit the people who purchased the materials, but also myself as an individual. Aristotle would also point out that doing a morally right deed would begin to create moral habits in my inner being, which in turn would help on the journey towards “eudemonia,” or the consistent state of having a good soul. This was what Aristotle believed to be the main purpose of life, and my decision would contribute towards that
Stirling Bridge demonstrated strong moral principles when deciding how to best approach consumer injuries related to the Braveheart power tools line. STIRLING BRIDGE took the public interest to heart and exercised the utilitarian approach to serve the greatest good for the greatest number. Stirling Bridge exhausted substantial financial and labor resources to focus more on the well-bei...
In conclusion, Aristotle’s elucidation of happiness is based on a ground of ethics because happiness to him is coveted for happiness alone. The life of fame and fortune is not the life for Aristotle. Happiness is synonymous for living well. To live well is to live with virtue. Virtue presents humans with identification for morals, and for Aristotle, we choose to have “right” morals. Aristotle defines humans by nature to be dishonored when making a wrong decision. Thus, if one choses to act upon pleasure, like John Stuart Mill states, for happiness, one may choose the wrong means of doing so. Happiness is a choice made rationally among many pickings to reach this state of mind. Happiness should not be a way to “win” in the end but a way to develop a well-behaved, principled reputation.
Aristotle begins his ethical account by saying that “every art and every inquiry, and similarly every action and every choice, is thought to aim for some good; and for this reason the good has rightly been declared to be that at which all things aim” (line 1094a1). Though some things might produce higher good than others, Aristotle looks for the highest good, which he says we must “desire for its own sake” and our actions are not decided on some other goal beyond this good itself (line 1094a20-25).[1] This highest good is then realized to be happiness (line 1095a16-20).
Gakuran, Michael. "Aristotle’s Moral Philosophy | Gakuranman • Adventure First." Gakuranman Adventure First RSS. N.p., 21 May 2008. Web.
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?
...Aristotle’s conclusion relates human good, activity of soul and excellence. It is this expression of virtue through action that allows happiness to be obtained. Such dependence on virtue sets the scene for Aristotle to examine virtue more closely. He will elaborate on the two parts of reasoning well (virtue). The first part of reasoning well is having the right desires to aim oneself at the right good and not just the apparent good. The second part of reasoning well is knowing how to get to this proper desire. This will be further elaborated in book two where Aristotle will explore what it means to reason well and what is means to be virtuous.
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
Many ethical dilemmas are philosophical in nature, an ethical issue can be described as a problem with no clear resolution. In order to solve the issue or dilemma a consensus between the parties involved must be reached. There are several reasons to come to an agreement over an ethical dilemma, it is the basis for all aspects of personal and professional dealings. Each one of us is part of a civilized society and as such it is our responsibility to be rational, honest and loyal in our dealings with others. (Alakavuklar, 2012) states that individuals make decisions for different situations in business life involving various ethical dilemmas. Each time either consciously or unconsciously individuals may follow some ethical approaches
Explain the connection between the economic model of corporate social responsibility and “free market” or “neoclassical” economic theory.
Aristotle tries to draw a general understanding of the human good, exploring the causes of human actions, trying to identify the most common ultimate purpose of human actions. Indeed, Aristotelian’s ethics, also investigates through the psychological and the spiritual realms of human beings.
Interest is sparked in this area that Aristotle writes of because there is a natural need for Ethics in human life. John K. Roth states, “Aristotle assumes that all things, human beings included, have a good, a purpose or end, which it is their nature to fulfill”. This helps one understand Aristotle’s way of thinking, and provides insight to the basis of his theories. A common theory explored by Aristotle is the Ethics of Virtues, and how to practice them. A theory included in Aristotle’s Virtue Ethics is the unity of all the virtues, and in order to be virtuous, one must exhibit all the virtues. One of these virtues being practical wisdom, or Phronesis.
Aristotle’s thoughts on ethics conclude that all humans must have a purpose in life in order to be happy. I believe that some of the basics of his ideas still hold true today. This essay points out some of those ideas.
The field of ethics (or moral philosophy) involves systematizing, defending, and recommending concepts of right and wrong behavior (Fieser, 2009). Many of the decisions one faces in a typical day could result in a multitude of outcomes. At times it can be hard to determine whether or not the decision you are making is an ethical one. Many philosophies have been devised to illustrate the different ways of evaluating moral decisions. Normative ethics focuses on assessing right and wrong behavior. This may involve reinforcing positive habits, duties we should follow, or the consequences of our behavior (Fieser, 2009). Of the many normative philosophies two stand out to be most accepted; teleology and deontology. Although they oppose each other in how actions are evaluated, they uphold many similar characteristics under the surface.
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.
McManaman, D. (n.d.). Aristotle and the Good Life. lifeissues.net. Retrieved March 15, 2014, from http://www.lifeissues.net/writers/mcm/ph/ph_01philosophyyouth14.html