Free Essay

Business Ethics

In:

Submitted By christinaherb
Words 2862
Pages 12
Abstract
In this assignment you will see information from my own personal moral code to confidentiality of the Internet. Basing a moral code is very important and you will learn more and more to help you understand what a moral code does for you. You should always follow some kind of ideals and this will help shed some light on the subject along with how it relates to a work environment. We will also discuss some important ethical issues impacting organizations today like confidentiality and environment, health, and safety policy. To wrap it up there will be some cases discussing the seven ethical approaches.

Abstract…………………………………………………………………………………………2
Table of Contents………………………………………………………………………............3
Introduction……………………………………………………………………………………..4
Part I. My Professional Code of Ethics…………………………………………………………5 My Code of Ethics My Touchstones My Approach to Avoiding Faulty Thinking
My Personal Approach to Four Major Ethical Dilemmas
My Policy as a Supervisor or Manager
Part II. Two Primary Ethical Issues Impacting Organizations………………………………….8
Environment, Health and Safety Policy
Confidentiality
Part III. Case Analysis………………………………………………………………………....10 Quality Management: Signing Off on a Substandard Product AutoZone
Conclusion……………………………………………………………………………………...14

Introduction Everyone’s moral code is different because of their upbringing and life experiences. Your own moral code is very important because you need to have a personal code you go by to make important decisions in your life or ones that affect people around you. A moral code will be defined by my own interpretation in this paper. I will also be discussing other ethical approaches that I base my code off of as well.

Part I. Professional Code of Ethics
My Code of Ethics Your own code of ethics is always unique, but it often has a basis of some common ethical approaches we all take in our daily lives. A moral code is ideas of how we should live and how we should treat each other. Conduct without a moral code is very unethical. The ideas or principles can give us the means that comes from our values and doing what is right from living. Most of my moral code derives from my Christian background as a child and now into my adulthood. I base a lot of my morals off of the Ten Commandments. Which are do not murder, do not commit adultery, do not steal, honor your mother and father, not taking the Lord’s name in vain, having no other gods, keeping the Sabbath day holy, not give false testimony against your neighbor, not covet your neighbor’s house, and to not covet your neighbors wife, or anything that belongs to your neighbor. Other ideals like doing well for others are also a part of my moral code. The concept of do unto others what you would want them to do to you. Be faithful to family and friends. Be kind to others like strangers. Respect all life and the environment that that life depends on. Be honest, fair and generous. Take care of your children when they are young and take care of your parents when they are old. In general take care of those who cannot take care of themselves. My moral code is also very based on common sense. I know that is something that lacks right now in the world, but I try to share it as much as possible with whoever I can. Common sense incorporates a lot of the ethical approaches and takes it as far as those reach to get a good result from a situation. You have to approach every situation with inevitable results. In addition to my moral code and the interest-based approach I am also a strong believer in the utilitarian approach. The least amount of harm works with the common sense ideal. I would not want to cause harm to a lot of people. I would want to cause the least amount of harm to people in a particular situation. The most amounts of good are the best situation in any circumstance.
My Touchstones My touchstones are basically the same as my moral code they just go a little further and deeper into the ideals of my moral code. My touchstones are based off my religious background like I discussed earlier. Being honest with you is a key factor in a work setting. Sometimes going around policy and admitting it is better than hiding the idea. Going outside of a moral code is risky, but with some other opinions and options it may be the best thing to do.
My Approach to Avoiding Faulty Thinking I do think one of the best ways to avoid faulty thinking is to not stray from your moral code. Once you make an exception for one thing it tends to happen more and more because you did it that one time.
My Personal Approach to Four Major Ethical Dilemmas
Truth Telling: I work in a credit union so all aspects of truth telling are always what are right. The policy outlines it and so does any moral code.
Stealing: As far as favors go there is a difference between helping someone out and doing them a favor. I deal with people’s finances all the time. A great deal of trust goes in that with the company. Fraud is a big thing in the banking industry, but it is not for its employees. A company knows when they employ their employees that they are under contract, but also because they get to know their employees as well.
Harming: Harm is something that we would never do to our members at the credit union. We are there to help them and go beyond what is necessary for them. Safety is a big concern for any financial institution. When there is any once of threat in a situation it gets handled by our staff in the proper procedures.
People, Treatment and Interaction: Any decisions made by a company are brought to the board of directors, those in this case who are shareholders in the company. Everyone is impacted by choices made by the company. It is all one big circle. We all work together to get the greatest impact.
My Policy as a Supervisor or Manager Truth Telling: As a supervisor or manager, I would as well be very forthcoming of my employees to tell the truth. It is better to have a judgment free zone. We all learn from everything we do. There is no need to be ashamed of something. Stealing: Theft of anything is never a good thing to do in a workplace. We deal with private information. They trust us to be respectful of that. Harming: Safety is a topic we cover every year in meetings because things change and we have to update everything we can to keep everyone safe. People, Treatment and Interaction: As a manager our shareholders are our customers at the credit union and we respect their ideas and concerns and take them in to help our company.

Part II. Two Primary Ethical Issues Impacting Organizations
Environment, Health and Safety Policy The environment is a thing we have to protect and we all know we aren’t the best at it sometimes. I know companies try to reduce their fingerprint on the environment by getting rid of Styrofoam and recycling. You always hear the slogan of reduce, reuse, and recycle. It does help, but everyone has to chip in. The City Fort Wayne has saved thousands of dollars by having recycling bins now that are easier to use. The little things cities can do can make a big imprint on the environment. Health is another concern because of the health care reform and the baby boomers. It is a tough time for some companies. They make it work though and make choices that impact the future of the company and its employees. Safety is hard, but possible. With new inventions that give us more protection life because less scary and more safe. We do have to make sure we do the proper steps in securing our safety as an individual.
Confidentiality
Confidentiality is a major thing now mainly because of technology. Don’t get me wrong technology is great, but it is also scary and has many risks. It is risks that get overlooked by many people. The Internet is very useful and handy for just about anything these days, but it is also one of the worst things. Confidentiality is not as confidential as we had hoped. People are very smart and are tricky about getting private information from you without you even knowing it for a while. Now, we have all been hearing about all the places getting hacked recently and getting credit card numbers. I live in that world with my job in a credit union. It is scary knowing all you need to do is swipe your card and you’re toast.
Identity theft is a very real thing now and is not to be taken lightly. You have to be careful with anytime you swipe or use your card on the Internet because no matter what they say, there is always a risk. Hackers, as they call them, are too clever. They know when and where to strike on people and companies.
Companies are trying their best to keep all their customers information confidential, but we all know we aren’t perfect. You do have to put a certain amount of trust in people to do what they say they will. The days of using cards will never go away, but I do think major changes could be ahead to make things more secure. I have heard some cards may have a fingerprint to be used. People are trying, but it’s just not fast enough for those who know how to hack.

Part III. Case Analysis
Quality Management: Signing Off on a Substandard Product 1) Describe the Situation
Lauren just recently graduated college as a quality engineer and got a great job at a highly respected technology company. She was in charge of monitoring the manufacturing process and making sure they met customer specifications. The company booked a big contract just three months into her position. The new device Lauren was testing was being subcontracted out and that device was being integrated into another company’s product. Her job was to make sure it met the environmental and technical specifications especially in high humidity. The test results did not make the standards that were agreed upon but only by a small margin. The general manager and her immediate supervisor both said to push the product through. Lauren was now faced with an ethical dilemma. Should she go above upper management? Or should she just sign off on the product knowing it was not at a good standard. 2) Discern the Main Ethical Issue
Lauren can’t decide what to do because she is at a very crucial point in her career. She doesn’t know if signing off on the fraudulent product will hurt her or not. She doesn’t exactly know what the product will do with the small margin of defect. She can’t decide if her job is important enough to jeopardize her relationships with her superiors or just ignore the issue of the product. They could lose the contract or delay production if she doesn’t sign off on the report. 3) Discuss the Seven Ethical Approaches
Utilitarianism: This is a tough choice because the most good would mean not signing off on the product and delaying or losing the contract, but also the product could go through and not cause as much problems as they think.
Rights: Lauren has a right to not sign the contract. She is newer to the company and may not know what all goes on behind the scenes of this highly known company. She also has no place yet and may need to feel things out before she can make a big decision like that.
Fairness: The company really shouldn’t make her sign off on a faulty product because they know it could hurt them in the long run.
Common good: The company needs to realize what is at stake for them and Lauren by almost making her sign off on the product because it will come back to hurt them.
Virtue: Lauren could have some very big courage if she would decide to not listen to her superiors and not sign off on the product.
Interest-based: The solution at this point is for Lauren to go ahead and sign off on the product because she is not single-handedly responsible for what she is about to do.
Moral Code: My moral code would not be able to handle this. I would cave and just give in because of the stress in the situation. I would be too new to put myself where I do not belong. 4) Decide
The rights approach seems to fit this situation at this point. Lauren needs to be more knowledgeable about a company she works for and what she stands for. 5) Defend my Position
Lauren has no clue what she would be signing herself up for and knows that she needs to earn some clout with her superiors before she tries to go above them. They have more experience with what she is dealing with. She is fresh out of college and knows what to do, but doesn’t have the experience to back it all up to real life situations. 6) Disclose my Learning
I have learned from this that life experience is one thing to never take for granted because what you learn from the books may not be how everything works in the real world. Everything is at stake but also is your career.
AutoZone
1) Describe the Situation This case study is dealing with employee theft, coercion, and false confessions by interrogation methods like the police use. Employee theft costs retailers billions of dollars every year. It is a hard thing to stop as well because of the lack of evidence. Most of the times they use police interrogation methods to try and get employees to confess, but it only leads to false confessions. Lawsuits brought against AutoZone have shed some light on the situation. In changing the method of information retrieval it has helped greatly for confessions. The main discussion is that with the growing evidence of the problem, should retailers abandon the use of police interrogation techniques in their investigations? 2) Discern the Main Ethical Issue
The only ethical issue I see here is that will this really be effective for the specialists to change their interrogation ways. This needs to be something of a big study because everyone is different on how they reach conclusion in situations. Do they know that the suspect is really guilty to be able to prove what they want as a result? 3) Discuss the Seven Ethical Approaches
Utilitarianism: In order to produce the most good I do think that changing the method would be for the best. It is better for the company to find the real thieve and not a fake one that caves under pressure.
Rights: The company has a right to change their ways of interrogation and the employees will still be respected if they do so.
Fairness: It will be an adjustment to change the method, but it is fairer to the employees who are innocent.
Common good: Companies will be able to better understand their employees as a whole by not having to give someone a riot act to find out what has been going on.
Virtue: Those employees who need to steal from where they work need to have more virtues to not be so selfish and try to do what is best in the long run.
Interest-based: There is no way I would be able to steal from my employer, but I also know what I have done and what I have not done.
Moral Code: There is a thing called right and wrong. If we all knew what that was then we wouldn’t have to worry about employees stealing from the company they work for. 4) Decide
I would choose the Utilitarian approach in the case because of the good it creates for the company and the employees. 5) Defend my Position
I will defend my position by saying that no employee should be forced to lie about theft at their own job just because of the pressure from the interrogation. You have rights and if an employer cannot believe you then your employer does not know you. Psychological tricks should never be played on someone who is innocent. 6) Disclose my Learning
I had no idea that employers would do that to their employees just to get a confession. That is wrong and I fully support the change of interrogation because no one should be accused of something they didn’t do.
Conclusion
In conclusion for this final assignment I have learned many things about myself and companies on how they proceed with decisions in the real world. I will state this again that everyone’s moral code is different because of their upbringing and life experiences. By reading this you should have also realized how it all falls together in the real world.

Similar Documents

Premium Essay

Business Ethics

...According to International Business Ethics Institute, understanding business ethics can be problematic in the sense that, this field is vast, often encompassing many concerns such as corporate governance, social responsibility, reputation management, accurate accounting and audits, fair labor practices and environmental stewardship to name a few. Moreover, it generally addresses the entire scope of responsibilities and obligations that a company has to each of its stakeholders like clients, employees, shareholders, suppliers and the community. To simply define business ethics, it is a form of applied ethics where it inculcates a sense within a company’s employees on how to conduct business responsibly. Business ethics seems easy to understand but when you get to the real one, you could find yourself in a confusing situation. Since the term ethics can pose many definitions in a broad context and it can be difficult to find a common understanding of the term, hence, most companies refer the concept of the term ethics as integrity, business practices or responsible business conduct. After you have known the basic definition of business ethics, you would now begin to know the business ethics of a chosen company. This paper aims to give some views on how Hewlett-Packard, an international company which provides mostly computer technologies worldwide, imposes their generally-established business ethics which means to say that it is enforced to their branches all over the world. Hewlett-Packard...

Words: 297 - Pages: 2

Free Essay

Business Ethic

...Ethics and Integrity in Multinational Companies Silvia Delia OLARU Spiru Haret University, Bucharest, Romania E-mail:olarudelia@yahoo.com Phone: + 40213169793 Elena GURGU Spiru Haret University, Bucharest, Romania E-mail:elenagurgu@yahoo.com Phone: + 40213169785/88 – ext.151 Abstract The good news for multinationals is that globalization is creating more universal standards of business conduct, and these are becoming more rigorous. As more companies adopt these standards, it becomes increasingly important for every multinational to establish companywide core values, standards of behavior, and relevant policies in tune with the rest of the world's ethics and compliance environment. The benefits of an ethical culture outweigh the costs. Globally ethical companies will be those that maintain a strong reputation in all their markets, experience increased employee commitment and loyalty, garner advantages in attracting and retaining customers, and generate superior levels of performance and success. Keywords: globally ethical companies, business conduct, ethical culture, professional standards, corporate code of conduct Introduction Companies operating in foreign countries find that understanding and complying with variant laws, managing employees far from headquarters, serving customers and relating to suppliers and partners in multiple jurisdictions can introduce significant challenges to developing shared corporate values and realizing a truly global culture. Multinational...

Words: 2644 - Pages: 11

Premium Essay

Business Ethics

...Christian Hufford Ethical Issues in Business Business Ethics BA 338 Business Ethics Unit 4 Individual Project August 5, 2014 Professor Loschiavo Pyramid schemes and Ponzi schemes share many similar characteristics in which unsuspecting individuals are fooled by unscrupulous investors who promise extraordinary returns. However, in contrast to a regular investment, these types of schemes can offer consistent “profits” only as long as the number of investors continues to increase. Ponzi and pyramid schemes are self-sustaining as long as cash outflows can be matched by monetary inflows. The basic difference a rises in the type of products that schemers offer their clients and the structure of the two ploys. Ponzi schemes are based on fraudulent investment management services- basically investors contribute money to the “portfolio manager” who promises them a high return, and then when those investors want their money back they are paid out with the incoming funds contributed by later investors. The person organizing this type of fraud is in charge of controlling the entire operation; they merely transfer funds from one client to another and forgo any real investment activities. On the other hand, a pyramid scheme is structured so that the initial schemer must recruit other investors who will continue to recruit other investors and those investors will then continue to recruit additional investors and so on. Sometimes there will be an incentive that is presented as an...

Words: 746 - Pages: 3

Premium Essay

Business Ethics

...|BUSINESS ETHICS | |Individual assignment | | | | | |Topic 1: The factors influencing corporate culture | |LECTURER: |Trangdtt | |STUDENT: |Nguyen Thuy Anh | |ID NO. |FB00163 | |CLASS: |BA0601.2 | I. NATURE AND BACKGROUND OF FIRM: The Coca-Cola Company is the world's largest beverage company and is the leading producer and marketer of soft...

Words: 984 - Pages: 4

Premium Essay

Business Ethics

...------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- College of Business, Hospitality and Tourism Studies ------------------------------------------------- Department of Accounting ACC601 – Corporate Accounting Trimester 2, 2012 Research Assignment 2, (10%) Instructions: ( For Education students only) Note * This assignment is to be carried out in groups of three. * Students are required to choose only one topic, and write a research report, based on the format given. * The assignment must comply with normal academic requirements. Refer to the course outline and regulation concerned with plagiarism and copying! * The assignment is out of 10 marks and carries a weighting of 10% towards the overall assessment. * Hard copy & soft assignments must be submitted on or before 24th July 2012. Your written assignment submission format * Cover page – ID# and full name of group members * Acknowledgement declaration (if any interviews conducted) * Abstract / Value of research ½ page * Your research topic / company * why you choose a particular company/ topic – Rationale/ value of research * Methodology of obtaining research information 1page * Quantitative/ and qualitative analysis * Introduction1page * What is your topic and briefly discuss about that topic(aims...

Words: 407 - Pages: 2

Premium Essay

Business Ethics

...SUBJECT BUSINESS ETHICS PROFESSOR CYRUS GONDA TOPIC UNETHICAL PRACTISE IN FOLLOWING SECTORS: HOSPITAL GROSSERY HOTEL INFORMATION TECHNOLOGY JOURNALISM GYMNASIUM INTERIOR INSURANCE UNETHICAL PRACTISE IN DIFFERENT SECTORS Hospital No profession is more fundamentally rooted in an ethic than medicine. In the 21st century, almost every young American physician graduates from medical school by reciting some version of an oath of ethical behavior first sworn to by doctors in the fifth century B.C. To be sure, the original formulation by the Greek physician Hippocrates is a bit outdated--starting with its invocation of obscure Greek gods and, among many anachronisms, equating treatment with "dietetic measures" and relegating surgery to barbers. Many medical schools have adopted updated versions of the oath, in which not only the language and concepts are modernized but also considerations such as avoiding overtreatment and factoring the patient's economic well-being into the therapeutic relationship are explicitly included in the pledge. Ethical guidelines are central to medical practice because of what one respondent to ACPE's recent poll of physician leaders summarized as the "inherent conflict of interest" between the physician's role as trusted healer and the physician's role as breadwinner--earning a living from the medical knowledge and ministrations applied Case studies: the legal implications for health care's bad business practices Bad, or unethical,...

Words: 4237 - Pages: 17

Free Essay

Business Ethics

...Our group worked very efficiently and effectively together but there is always room for improvement. When we first met, we divided the project into equal parts and set a due date for the written parts. One thing that we could have worked on would be to have more meetings. We feel that if we met maybe one or two more times, we could have gotten all of our issues with the written parts and presentation out rather than communicating though texting and Facebook. Another aspect our group could have improved on would be communication within our group. Although we all finished our parts on time without any conflict, we never got together to bounce ideas off each other and give each other ideas for our parts. We were just assigned the parts and didn’t discuss them until we put it all together. This could have been beneficial to all of us and maybe make the workload less. Overall, we all agreed that our group worked very well together. We started the assignment when it was given to us and finished our parts on time to the best of our ability. We set deadlines and met all together to discuss what our roles were and our meeting were efficient. It was very interesting to meet new people from different parts of the world and work together with them. It was good for all of us to get out of our comfortable groups and come together with people with different interest and ideas with such diverse cultural backgrounds. It was a very realistic representation of what the real world will be like...

Words: 312 - Pages: 2

Premium Essay

Business Ethics

...1) Yes, I believe that Project Share is altruistic in nature and serves the greater good of man and it is also a good business decision for the company. I have postulated some of my thoughts on the writings of Milton Friedman. While I have no objections to giving back to the community and doing social good, I do believe that a majority of the money, time and effort should come from employee contributions rather than corporate dollars used for funds, grants and scholarships. Companies should limit their direct involvement in these activities using just their brand and influence to raise public awareness to the cause, so long as it is consistent with the companies’ values and beliefs. I also believe it is the firm’s primary job is to focus on delivering the highest possible return of shareholder value. If a company cannot produce a profit, or sustain the shareholder’s appetite, then the possibility of promoting a Project Share cannot exist. Everything in the business revolution is predicated on returning value. I should clarify, that my statements above are based upon the fact the companies in discussion are publicly traded and not private entities. Private entities, which include partnerships, limited liability corporations and other non-traded companies with limited employees and owners who are the sole shareholders, can operate as the social responsibility doctrine as they see fit. 2) Milton Friedman’s, belief was that the one and only one social responsibility of a...

Words: 613 - Pages: 3

Free Essay

Sylabus for Business Ethic

...FACULTY OF ECONOMIC AND BUSINESS UNIVERSITY OF LAMPUNG  MANAGEMENT DEPARTMENT   COURSE  COURSE CODE  SCHEDULE AND CLASS  NAMA DOSEN / EMAIL  WEBSITE / POWER POINT/   TEACHING MATERIAL  BUSINESS ETHICS  EBM 612217 / 3 Credit  BILLINGUAL F103 Room / Friday 13:30 – 16:00 AM  MUDJI RACHMAT RAMELAN, S.E., MBA. / muji@feb.unila.ac.id  Dina Safitri, S.E, M.I.B.  http://silabus.fe.unila.ac.id Business Ethics: Concepts and Cases (7th Edition) 2012 by Manuel G.  Velasquez,  ISBN‐10: 0205017665, ISBN‐13: 978‐0205017669, Pearson  International Edition  2st (even) Semester of 2013/2014    SEMESTER       Course Description    Business ethics course is thinking or reflection about morality in business and economic activities, where  morality is defined as good aspects and / or bad aspects, commendable or reprehensible that the  human behavior is to be allowed or not allowed.    In a business context, the quest for profit is a reasonable component of each business venture, so often  ignored and passed all requirements of morality. The study of business ethics is expected to provide  impact on student behavior as actors of business in the future, so it is expected that the course will  broaden students thinking that will create an actors of economy and business that can hold on to moral  virtues.    Course goal     On completion of course the students will be able to   Knowing and expressing the concept of business ethics both generally and specifically.   Identifies the elements associated with the business ethics...

Words: 484 - Pages: 2

Premium Essay

Siemens - Business Ethics

...sector nationally and in the region. Siemens' overall involvement in the region dates back almost 140 years. The company's name first became known through the construction of the Indo-European telegraph line from London to Calcutta in 1870. Siemens' first office in what is now Pakistan opened in 1922. The Siemens Pakistan Engineering Company Ltd. was founded in 1953 as a private company, and in 1963 the company was reorganized as a public limited company. Introduction and purpose: This Code of conduct (Ethics) of Siemens Pakistan Engineering Co. Ltd. ("the Company") helps in maintaining and following the standards of business conduct of the Company. The purpose of the Code is to deter wrong-doing, promote ethical conduct in the Company and ensure compliance with the legal requirements, the matters covered in this Code are of the utmost importance to the Company, its stakeholders and business partners. Further, these are essential so that the Company can conduct its business in accordance with its stated values and its legitimate interests. Applicability: The Code is applicable to the following persons unless repugnant to the context or specified otherwise in this code: (a)Members of the Board of Directors of the Company; and (b)Senior Managerial Personnel i.e. all members of management at including all functional heads and such other...

Words: 7790 - Pages: 32

Premium Essay

Business Ethics

...BUSINESS ETHICS Name Institution of Affiliation Introduction The business environment is changing to embrace ethical conduct in the performance of duties and activities of individuals in professional setting. Nowadays, companies are exposed to public scrutiny where their corporate social responsibility and social accountability are assessed. A shift towards rethinking the various functions of a business entity to encompass ethics into their daily management activities has been undertaken as entities seek to be market leaders. Business ethics encompasses the relationship the company has with the employees, customers, shareholders and the community. Business ethics is the analysis of business activities and situations where issues pertaining what constitute a right or wrong act are dealt with through institutional processes (Jennings, 2011). Consequently, ethics involves ascertaining good practices from bad practices based on the context of morals. On the other hand, moral conduct is the behaviour exhibited by human beings that can either be right or wrong depending on the context whereas business ethics. Business ethics can be viewed from two distinct perspectives; descriptive ethics and normative ethics. Normative ethics ascribes to the justification of moral systems whereas descriptive ethics depicts what ethical practices are. Ideally, the paper will delve into more details concerning what business ethics entails and the importance of business ethics...

Words: 1492 - Pages: 6

Premium Essay

Business Ethics Assignment

...Higher Education Assessment | School: | Hospitality, Tourism and Sport | Awarding Body: | Lancaster University | Module Code: | TH4MD013 | Programme Title: | Foundation Degree Hospitality and Licensed Retail Management | Occurrence: | 13/15 | Module Title: | Business Ethics and Social Responsibility | Weighting: | 100% | Assessment Title: | Corporate Social Responsibility | Assessment No. | 1 | fds | Tutor Details | Name | Ian Mills | Telephone No. | 504481 | | Email | Ian.Mills@blackpool.ac.uk | Room | SB110 | | Internal Verification (IV)For Staff Use Only | Assessment Brief IVMust be internally verified prior to distribution to students | IV Name: | Beverley Heinze | | | Date: | | | Student Submission IVTo be completed if the assessment submission forms part of the IV sample | IV Name: | | | | Date: | | | Assessment Distribution, Submission & ReturnPlease note that late submissions may incur a penalty as defined within the assessment regulations of the awarding body | Distribution Date: | Monday 19th January 2015 | | Submission Time: | Midnight | | Submission Date: | Friday 15th May 2015 | | Submission Point/Location: | Moodle | | Feedback Week Commencing: | Week commencing Monday 1st June 2015 | | Student Number: | | Student Name: | | | Assessment RecordFor Staff Use Only. All assessment grades are subject to ratification by the College board of examiners and the awarding body. | Grade Awarded:...

Words: 842 - Pages: 4

Premium Essay

Business Ethics

...The success of modern business is apparent, but recently there is much concern in the business-and-society literature and in the general press on whether business fulfils its social role responsibly. Business ethics, corporate social responsibility and corporate governance movements have been developed in recent decades as responses to a growing sense of corporate wrongdoing. This paper attempts to explain why the three movements seem yet to have generated little in the form of widely accepted prescriptions for improvement of business behaviour to the satisfaction of the “constituents” of business, i.e. the major stakeholders. Without denying the usefulness of any of the three movements, the paper suggests that there are weaknesses in all three, especially concerning the way they conceive modern business operation. To this end business pluralism, responsive codes of practice and re-examination of the assumptions (conditions) of business operation could be helpful. In the business literature there is a major strand that celebrates business strength and seeks formulae for success. This strand was manifested in the Scientific Management tradition dating from Frederic Taylor’s work in the early twentieth century (Taylor, 1911) and continued through the Human Relations studies of Elton Mayo that sought to find growth through taking care of the “people dimension” (Roethlisberger and Dickson, 1939). The tradition was further developed following the publication by Peters and Waterman...

Words: 1693 - Pages: 7

Premium Essay

Business Ethics

...Running head: Ethical and Moral Issues in Business * Ethical and Moral Issues in Business MGT/216 * Ethical and Moral Issues in Business * In this paper I will address the following topics: the differences between moral and ethical issues, the differences between business ethics and personal ethics and list some examples of ethical issues in today’s business environment. The line between morals and ethics may seem blurred; however, some differences between the two do exist. Morals are defined as one’s personal values or beliefs. These values are typically established by religious beliefs or family influences. Ethics are defined as guidelines for behavioral standards. These guidelines are usually set in place by a specific group or groups of people. For example, businesses usually have a specific code of ethics that may differ from a religious group’s code of ethics. What is acceptable for one group or organization may be unacceptable to others. Business ethics are defined as codes or guidelines used to govern behaviors and practices within any given company. Typically all companies abide by a written code of ethics. These codes are used to ensure that employees understand and practice acceptable behaviors in the workplace. Usually a company’s code of ethics is influenced by the culture surrounding that business. In the business world, personal ethics will sometimes be put aside for the greater gain of the...

Words: 669 - Pages: 3

Premium Essay

Business Ethics

...on ethics by the Santa Clara University, a number of years ago sociologist Raymond Baumhart conducted a survey asking people about what they think of ethics. The results showed many people linking ethics to their feelings, their religion and standards set by the society (Manuel et al, para. 2). Manuel Velasquez and other authors of an article published by the Santa Clara University on business ethics pointed out flaws in the responses. They believed that feelings sometimes deviate from ethics because a person may feel to do something that is not right (Manuel et al, para. 4). Moreover, they argued that most religions advocate high ethical standards, yet these standards cannot be identified with religion because if they were, they would have only applied to religious people (Manuel et al, para. 5). Finally, saying that ethics are standards that a society set was proved wrong as the standards of behavior in a society can diverge from ethics, considering Nazi Germany which was a society that became morally corrupt (Manuel et al.). This was what ethics are not. Then, what are ethics? Ethics are the well founded standards that are backed up by consistent and well founded reasons. These standards include rights, obligations, honesty, fairness, benefit to society or specific virtues. For example, the rights may include right to life and right to freedom whereas reasonable obligations may include abstaining from stealing and fraud (Manuel et al, para 7). The application of ethics is not...

Words: 3013 - Pages: 13