Abstract
In this paper, we will analyze several theories of ethical thought and how their application can be used to justify many business decisions in the real world. In this case, we are presented with several ethical issues which have an impact on the youth (predominantly male) in our country. In addition we will discuss how these ethical issues compare when marketing to foreign countries.
Ethical Analysis– Assessment #3
The primary focus of any business is to make a profit, thus directly benefiting the shareholders and employees, and indirectly stimulating the economy. A successful and profitable business benefits the local community in numerous ways. It gives back to the community by its philanthropic efforts. It keeps contributes to keeping employment opportunities high directly and indirectly. Other businesses, such as banks, grocery stores, etc., benefit from the continued influx of wages into the local community. Supplier companies benefit from the continued operations of the company and also provide economic stimulus. The more profit a company generates, the more money goes back into the economy.
The challenge in the course of trying to generate this profit and provide economic stimulus is to do so in an ethical manner. In the case to be discussed, an employee must make a decision about the ethics of marketing a new product, while balancing the potential financial profits or losses of that decision.
Summary of Ethical Issues
The key stakeholders in this case are the 500 or so employees of Broadway Corporation, the shareholders (investors) of the company, the video arcade customers, suppliers who provide technology, parts, etc., the customers who use the product, and the community
If Broadway creates and markets...
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...ons have a positive impact. They have developed products that meet or exceed the market demand. The result is more players, more playing time, more profits for the arcade companies and for Broadway and its suppliers. All of the key stakeholders are getting what they want. They keep the public happy by not putting out a product that would offend many in society. Yet they manage to profit from it and open new internet and foreign markets.
Conversely, if they had proceeded with marketing the Lucky game in the U.S., it is highly likely that they would have offended many of their customers. There products could have been targeted by boycotts which would have adversely impacted their revenue. This would have resulted in all the stakeholders being unhappy. Although with their other products there seems to be at this time no adverse impact from their production and use.
Ferrell, O.C., Fraedrich, J., & Ferrell, L. (2009). Business ethics: Ethical decision making and cases (7th ed.). South-Western College Pub;
Ferrell, O.C. "Business Ethics." Ethical Decision Making and Cases. Michele Rhoades, Joanne Dauksewicz. Mason: South-Western Cengage Learning, 2011. Print.
Various arguments can be brought upon the fact that people should be more ethical in their purchases but at the same time reactions can support...
This paper is intended to cover the ethical dilemma’s and responsibilities that a business will face and the moral, social and ethical standards that should be kept. The ethical standards that are acceptable by the organization must be written and verbally enforced. How the employee 's react is up to the moral and ethical standards that the individual employs. These standards however can be supported by the employers and fellow employee 's that uphold those standards. The paper will be outlined into three main segments: Introduction, Body and Summary. Within the Body of the paper there are three subsections: April 's Ethical Dilemma, Employee 's Roles and Responsibilities, and The Organization 's Role 's and Responsibilities.
The release of Grand Theft Auto put the ESRB – the association that rates any commercially sold video game – on the spotlight. So much of a deal was made over a video game where the protagonist could hire and then murder a hooker that the state of California attempted to force laws to limit the sale of the game to reduce the amount of youth playing it (USA). Throughout the world, mostly in Europe, many countries refuse to sell certain games, or ban certain content.
There are many important economic relationships other than exchange, such as the institution of production and arrangements of distribution. Here business ethics can play a major part. Even as far as exchange is concerned, business ethics can be crucially important in terms of organization and behavior, going well beyond basic motivation” (p. 47). Yet, left unchecked the system will continue down its current path. Therefore, intervention in some form is
Before getting to the topic of today discussion, first a brief look into Ethics will be an appropriate way to start. In this paper you will be presented with 2 cases that may challenge the way you think, and may help understand more about Ethics.
For this paper Washington Mutual has been selected to show how the ethical decision making process can be achieve. When it comes to business ethics in the workplace Washington Mutual has designed what can be considered a well balanced workplace with behaviors that are aligned with their moral values and business ethics. Business ethics are sometimes depicted as resolving conflicts where one option can appear to be the correct choice. There are many different ethical dilemmas that are faced by managers and leaders everyday that are highly complex and have no clear choice or guidelines to assist in making the choices for resolution. There are times when an employee has to decide whether or not to cheat, lie, steal, or break their contract. These ethical decisions are real-life situations where they are forced to make on a daily basis. This is why it is ultimately important that all employee know the six steps to ethical decision making that the company uses.
Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2011). Business ethics: Ethical decision making and cases: 2011 custom edition (8th ed.). Mason, OH: South-Western Cengage Learning.
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
The current ethical and social responsibility issue is one that Don, one of the newest employees hired to improve the company’s performance in on-time deliveries is facing. Over the three months that he has worked at Fitzgerald he has only observed and learned the current systems and has not determined the best course of action to take yet. Currently he is faced with the ethical
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.
In order to generate sales, marketers often promote aggressively and uniquely, unfortunately, not all marketing advertisements are done ethically. Companies around the globe spend billions of dollars to promote new products and services and advertising is one of the key tools to communicate with consumers. Conversely, some methods that marketers use to produce advertisements and to generate sales is deceptive and unethical. Ethical issues concern in marketing has always been noted in marketing practice. According to Prothero (2008), ethics itself has a profound, varied and rich past. It emphasizes on questions of right and wrong or good and bad.
This is significant because of the long-term effects that these games and other entertainment forms could possibly have on at-risk individuals and modern culture and society. Short term studies have been done but we can’t quite fathom the long-term effects that will be felt in the future.
In conclusion, many “house advantages” exist in gaming today which makes it unfair. Gaming overall has taken a great toll on American society. Recently, gambling has been made legal in several states nationwide, this will eventually cause more issues with economy and bankruptcies all across the nation. Many factors play a role in these bankruptcies, for example probability. Many people have suffered and will continue suffering from gambling. The new laws passed indirectly encourage citizens around the nation to gamble, which will cause many future problems for our nation.