...* Moral Issues In Business * Environmental Protection Why Is The Issue of Environment Crucial To Us Today? The resources of this planet are finite and limited – as also its capacity to absorb and dispose of all the waste and garbage we generate. ‘Growth’ ‘Progress’ and ‘Development’ have spelt out one thing: increased consumption of material goods. Increased consumption of material goods has led to irreversible exploitation of natural resources: wood, fossil fuels, water to mention only a few. Rapid industrialization and global trends ↓ Grave problems of ecological imbalance and environmental degradation Environmental destruction is the result of man’s interference with Nature. We all require clean air, fresh, unpolluted water and a healthy habitat. But we also want large houses, all the latest gadgets, big cars and all other material amenities. Modern industry has provided us with unprecedented material prosperity. It has also created unparalleled environmental threats to us and our future generations. Modern technology has enabled us to manipulate and control nature – e.g. quick yielding seeds, artificial rain, BT vegetables and cereals, multiple crops etc. But this has led to increased pollution and severe depletion of natural resources. - Pollutants are pumped into the air - Toxic wastes are produced and dumped into soil, water and seas Major problems facing the world in the 21st century: - Population growth - Global...
Words: 1049 - Pages: 5
...Ethical Issues in Business MBA 682 Jurtyne R. Youngblood May 10, 2014 When it comes to business many say business and ethics shouldn’t even be put together in the same phrase. Many believe that there just isn’t any ethics when it comes to business. “Neither young managers nor consumers believe top executives are doing a good job of establishing high ethical standards” (Bateman & Snell, p. 159). Recently Toyota’s announced a recall because of a technical fix for its sticky gas pedals, which could lead to sudden acceleration problems. This issue have their sales and production on hold for their top selling cars in the United Stated. Toyota can face billions in charges and losses. Many believe that Toyota was trying to keep up with numbers and stop providing quality. The growth of the Toyota car was going very fast and to keep up with the demand may have push the industry a little too far too fast. “The evidence that Toyota was expanding too much and too quickly started surfacing a couple of years ago. Not on the company's bottom line, but on its car-quality ratings,” writes Paul Ingrassia, a Pulitzer Prize-winning former Detroit bureau chief for The Wall Street Journal. (Connor, 2010). Toyota was trying to keep up with the demand so much to increase profits across the board they didn’t want to discredit the image of their business when the problem first arise. According to Ruddell “one of the reasons that businesses are tempted to act unethically is because...
Words: 1413 - Pages: 6
...This paper will discuss Ethical Issues in Business and the behavior of the business world. Rigorously, the question of Ethical behavior is raised in the private and federal sectors (more in the private sector when dealing with organizations, businesses, and corporations) and to the extent of the contain that involves this kind of behavior. Ethics is a strong topic that can be discussed in some great length without reaching any kind of consensus stateside or abroad. However I will give some insight on the issues of corporate ethic’s and federal behavior. The responsibilities and objectives of the businesses will be observed, as well as the ethical obligations of the federal sector. One of the major issues that corporations have in the private sector is over reporting and under reporting of net income. Management in the corporate world seeks to show that every quarter the net income of business has grown. The way this is done is by adopting unethical means and illegal means in the operations of financial reporting. One such way this is done in the private sector is in the use of stock options for employees that enable private sector companies to take employment cost off balance sheet and inflate earning. Corporation’s when making decisions must be held to ethical standard as well as a technical or commercial standard. Corporation’s board members must govern the Ethical behavior of its C-level, upper, middle, lower management, and especially its accountant’s...
Words: 1003 - Pages: 5
...Ethical Issues In Business In defining the meaning of business ethics both words need to be examined. Understanding ethics can be regarded as the morals and values a person was taught or experienced in growing up. Ethics can be thought of as a code of conduct that is used in relationships and interactions with others. It is abiding by laws and principles that has set a standard by our society. It seems to be a personal decision that is very much depended on an individual’s thoughts for what they feel is right or just. Even with knowing what the right thing to do is, it may not be the best thing for the situation or a person may not feel that it is the best. It may very well be the hardest thing to do, but still the right thing to do and quite often people decide to do what’s easiest. The norms of our society can also be a deciding factor to ethical decisions especially when clear boundaries are not established. Business ethics are what define a company to its customers, its employees, to the vendors doing business with them, to the community agencies and in all business relationships. Even though basic laws, guidelines, and rules are established to operate a business with those confines, the ethical code that is enforced is what makes the business successful. If the company values are viewed as fair and just with a willingness to provide its services and products in a manner that is considerate of all its business associates, then trust and confidence is quickly strengthen...
Words: 769 - Pages: 4
...Corporate Social Responsibility As corporations and businesses are challenged with the task of being competitive and profitable, sometimes business ethics are placed on a lower priority. The idea of “working the system” and pushing the envelope over ethical situations have plagued such corporations as Enron and WorldCom. Corporate social responsibility is no different: “it encompasses not only what companies do with their profits, but also how they make them. It goes beyond philanthropy and compliance and addresses how companies manage their economic, social, and environmental impacts, as well as their relationships in all key spheres of influence.” (Harvard Kennedy School, 2008. Corporate social responsibility initiative. Retrieved from: http://www.hks.harvard.edu/m-rcbg/CSRI/init_define.html) Company Q is a small grocery store chain. They conduct business in a major metropolitan area, with some stores being located in high-crime areas. The company decided to close a few of their stores in the high-crime areas after experiencing a financial loss. Due to customer feedback, the store now offers products of a healthy and organic nature. These items produce a high return on investment. The local food bank has asked Company Q, along with other local businesses, for donations of day-old inventory. However, Company Q’s management team has declined to provide such donations and destroy old products instead. Their reasoning is that they are concerned about losing revenues because...
Words: 897 - Pages: 4
...Ethical Issues in Business: I and two business associates have decided to start a small consulting business. We will be providing management consulting expertise and service nonprofit organizations. Many of our clients will be paying for this management consultation using federal funds. We intend to have between fifteen and twenty employees in addition to ourselves. We bring with us the highest ethical credentials but we feel that it is imperative that we implement a code of ethics/conduct and require our future employees to use it as a guideline for performing their duties to our clients. The emphasis will weigh heavily on social responsibility and a high standard of ethical thinking. Sometimes the ethical decision is not the most popular decision or the most profitable, but doing the right thing is always the best thing and if we follow this course of action we will be successful as a company and the profits will follow. In this day and age we feel it is vital to have an ethics program in place so that everyone in the company is on the same page morally. Code of Conduct The purpose of a code of conduct is to strengthen the company’s ethical environment and provide an employee format for adherence to certain principles, responsibilities and standards determined by the management. Some of the areas we will incorporate into our Code of Conduct are as follows: (A) Obey laws and regulations: All employees must comply and obey laws that impact...
Words: 1085 - Pages: 5
...Business Law Sole proprietorship, is referred to as owning your own business entity and more or similar, sole proprietor and business owner are same. There is no legal distinction between the two; the business legal name is the same as the owners. However the business owner may obtain and conduct business under a fictitious name by filing a DBA also known as ‘doing business as’. The merits associated with sole proprietorship are: • Liability: The sole proprietorship while offering own complete autonomy, it also burdens the responsible person with unlimited accountability. The lack of distinction between the business and the owner leaves a little room for financial and or legal protection. In short, whole responsibilities for all debts and legal commitments are entirely directed to the business owner. In addition, as such creditors may seek recourse against personal assets. • Income taxes: The sole proprietor runs his own business being taxed as a whole element and form 1040 along and accompanying schedule C (profit or loss) from a particular business or owned profession.. Moreover, whatever profits the organization gains, are supposed to be personal income for the proprietor with no other division made on that and neither there is any federal income tax accountability for the owner. According to Gordon (1994-96), this is called as “pass-through taxation”. (p. 270). • Longevity: The sole proprietorship may only continue as long as the owner is alive unless specific instructions...
Words: 2504 - Pages: 11
...Moral Issues in Business Steven Colon MGT/216 August 16, 2011 Mike Moreno Abstract In the following paper one will know about what an ethical issue is and a moral issue is, and examples of an ethical and moral issue. One will also learn about personal ethics and business ethics and how they are similar, but different. Ethical and Moral Issues in Business People have always questioned whether ethical issues and moral issues are the same, or if personal ethics, and business ethics are different. In this paper one will be able to see the differences between ethical and moral issues, the differences between personal ethics and business ethics while reading about real-world examples of common ethical problems in businesses for each of the above. Ethical Issues Many people believe that ethical issues and moral issues are the same thing, but in reality they are not. “our definition of ethics—the principles, norms, and standards of conduct governing an individual or group—focuses on conduct” (Trevino, & Nelson, (2007), p. 13). An ethical issue will require an individual or organization to make a decision between alternatives that must be weighed as an ethical or unethical decision. An unethical situation would be someone sacrificing people’s safety to obtain the completion of an assigned objective. Moral Issues “When we speak of morality, we refer to our judgments of right and wrong, and good and bad” (DeGeorge, (2010), p. 24). Moral issues are when...
Words: 644 - Pages: 3
...Ethics and Moral Issues in Business BIS/216 September 14, 2011 Many businesses today have several issues to deal with on a daily. In this paper the subject to discuss is the differences between ethical and moral issues in business. Also discuss the differences on personal ethics and business ethics. Businesses have to be careful about dealing with the issues concerning moral and ethical dilemmas. Today’s businesses cannot afford any legal mishaps or wrong doings against the company. An ethical issue is the philosophical analysis of human morality and conduct. Moral issues are potential issues that help or harm anyone. The differences between these two issues are ethical deals with codified standards of behavior in a company, and a moral issue deals with actions right and fair. The website cfagbata.com said “companies are now realizing the importance of ethics in business that is crucial for them to succeed” (cfagbata, 2011, p. 1). Companies have to be very careful not to cross the lines between these two issues. The issues can cause confusion and disorder within the workplace if the business does not handle the issues properly. Personal ethics and business ethics are frequently foundation on the societies’ ideals and actions. The difference is one is personal dealing with that individual with the issue instead of the whole company itself. The business ethic is dealing with the company who issues or concerns became a problem within the workplace or environment...
Words: 592 - Pages: 3
...Ethical and Moral Issues in Business University of Phoenix Organizational Ethics and Social Responsibility MGT/216 Ethical and Moral Issues in Business Organizations promoting ethical operations while allowing employees to retain their moral compass will proactively solve issues and maintain successful operations even in times of turmoil. Individual or company values motivate effort and influence performance. Employee motivation directly relates to the encouragement a company exhibits while enforcing an ethical code of conduct to benefit and protect both the employee and the business. This essay comprises of the difference between moral and ethical issues pertaining to personal and business principles, as well as identifying common ethical problems that can impede organizational success. Morals can be referred to as an individual’s values and beliefs guiding one’s conscience to distinguish between right and wrong. Morals reflect a personal relationship with the individual influenced by family, friends, life experience, and etcetera. Change is difficult without a transformation in an individual’s personal belief system. Morality is based on “conforming to wide social beliefs” unspoken but “understood by most members of a society, including those who choose to act against the common morality” (Taylor, 2011, para. 4). Moral issues focus on social customs and opinions influenced by an individual’s belief system. An example is the moral objection to adult online...
Words: 928 - Pages: 4
...Major Ethical Issues in Business An ethical issue is a problem or a situation that requires an individual, group or organization to choose among several actions that must be evaluated as right or wrong, ethical or unethical. The ethical issues in business are in most cases abusive or intimidating behavior. examples are like lying, conflicts of interest, bribery, discrimination and sexual harassment among others. They are each discussed briefly below. 1. Lying Lying can broadly be defined as lack of integrity, incomplete disclosure and unwillingness to tell the truth. There are three types of lying, one of which is joking without malice. The other two types can become very troublesome, for example commission lying and omission lying. The causes of lying are complex and relate to both individual and organizational pressures. Commission lying is when you create a perception or belief by words that intentionally deceive the receiver of the message. For example, lying about being at work, expense reports or carrying out assignments. It involves intentionally creating “noise” within communication that knowingly confuses or deceives the communicator. Lying by commission can also be of complex forms, procedures, contacts, words that are spelled the same but with different meanings or better still refuting the truth by telling a false statement. These forms are very common especially in commercial advertising, where for instance, saying that the product is homemade yet in real sense...
Words: 1078 - Pages: 5
...Ethical and Moral Issues in Business Dawn Sandell Robbins MGT/216 February 14, 2011 Carolyn Flynn Ethical and Moral Issues in Business The words ethical and moral are often considered as being one in the same. Although the meaning may be closely related in some aspects, the two have different meanings. While something may be ethical or legal, it may conflict with one’s personal beliefs and morals. It’s hard to imagine that one might not know right from wrong. Honestly, think about it. Are we not molded and nurtured to know what is socially acceptable? Were we not brought up knowing that it is wrong to lie, cheat, and steal? In this paper, I will define the differences between ethical issues and moral issues as well as the difference between personal ethics and business ethics. Ethics can be defined as the principles, norms, and standards of conduct that govern an individual or group in which focus is on conduct (Trevino, Nelson 2007). Ethics is considered to be a science of conduct by many philosophers and is the ground rules by which we live our lives. The rules, code of conduct, policy or handbook is typically a written form of the ethics in which a business expects its employees to follow and behave. Generally these rules are what most would consider normal rights and wrongs, dos and don’ts. An ethical issue might be a situation that concerns right and wrong where values are in conflict (Trevino, Nelson 2007). As mentioned in the opening of this...
Words: 755 - Pages: 4
...Running Head: ETHICAL AND MORAL ISSUES IN BUSINESS Ethical and Moral Issues in Business MGT 261 University of Phoenix Ethical and Moral Issues in Business Business will always have ethical and moral issues to face. It is how the business solves or addresses the issues that will define a business’s level of morality and values. Businesses want to be known for their ethical traits for many good reasons. Revenues will be greater, improved brand recognition, greater employee motivation and retention, and better financial resources. These good reasons come with a price. Increased costs related to purchasing fair trade products, increased overhead related to training and communication, and a risk of building false expectations. Differences in ethical and moral issues The differences in ethical and moral issues are slim, because what is considered ethical is based from what is considered moral. Moral issues are based on beliefs, judgments, and feelings of an individual or group (Trevino, 2007). The set of moral principles or values are used to evaluate people and business’s actions, like a set of rules. The rules of human behavior assist in defining what is right and wrong. Ethics are defined as “the principles, norms, and standards of conduct governing an individual or group” (Trevino, 2007). Ethics are considered a set of moral principles or values extremely personal and relative to people or groups. In a business, the ethical guidelines are...
Words: 625 - Pages: 3
...Ethical and Moral Issues in Business University of Phoenix Ethical Issues and Moral Issues An ethical or moral issue are taken to mean the same thing to several people. Both words are connected to each other terms as good and bad, right and wrong. Example of right or wrong, ethical or moral is abortion the way to kill a child, it depends on who you ask about this situation. Some believe that abortion is an ethical moral if the woman was rape or it is not moral act due to not being marry according to the Bible teaches. When there are two or more undeniably different is a matter of a dispute which is ethical or moral in society. People in general think to resolve an ethical issues means to yell, hitting, and using explosive language that can be effective at times. There are three components to ethical, such as non-moral facts, concepts and moral or ethical aspects, which to resolve the ethical issue all three components should be considered. Personal Ethics and Business Ethics Society looks at business ethic in how they manage and operate the organization. According to Trevino and Nelson (2007), ethics definition are the principle, norms, and standards of conduct governing an individual or group (p13). The ethics for business is the moral principles of the company guidelines. The personal and business ethics both expect employee’s or individual to know right and wrong, good and bad. The professional ethics in business is a moral problem or ethical principles coming...
Words: 583 - Pages: 3
...Global Issues That Effect Business We all know that earthshaking events are taking place on a daily basis. The world is shrinking through technology, while at the same time the changes that its inhabitants are experiencing are accelerating. Nowhere is this more apparent than when we consider global issues that affect business. What trends are emerging in the business world and how are we to analyze and make use of them? Additionally, what form of business and business models will emerge as most successful? And remember, the number one business rule is documentation, documentation and more documentation. Transparency in reporting processes equate to ethical corporate and social responsibility. Here are three major issues and perspectives on their evolution in the area of business: The Impact of Slowing Economic Growth Right now the slowing economy in the Unites States is causing a ripple effect throughout the world. The main causes of this slowdown are the current housing crisis, high energy costs and the over extension of consumer debt. The major effect being felt from this crisis is that people are losing their jobs and new job creation is not keeping pace with unemployment. When this happens, interest in starting and owning businesses begins to increase. The right kind of business to own in such an environment is a franchise business that deals with essentials that consumers cannot do without. Why a franchise? Because it provides the investor with a chance to use readymade...
Words: 552 - Pages: 3