...self-interest (Cavico & Mujtaba, 2013, p. 47). The idea behind ethical egoism is that the right and moral thing to do is look out for your own self-interest. It does not describe how people behave, rather, it describes how people "ought" to behave (Kang). While this might offer the egoist short-term satisfaction, it could make his/her life worse in the long run because if everyone acted only in their own self-interests, then a society might develop in which people lived under constant threat of attack (Kang). However, according to our textbook, an ethical egoist is not always egoistic or a selfish person. A person can act consistently with ethical egoism by treating people well, helping others, respecting their rights, and evidencing concern for their welfare in order to promote his or her own self-interest in the long run (Cavico & Mujtaba, 2013, p. 53). An example our textbook uses to show an advantage of ethical egoism is that improvements in working conditions for employees or contributions to the community can very well earn the ethical egoist’s approval. Since it can improve performance by decreasing turnover, improving productivity, and enhance reputation of the firm. Business managers can use such egoistic practices to improve productivity, as it is often argued that business managers ought to act egoistically in order to promote general interest in the long term. The issue with ethical egoism is that ethical egoists disagree on the type of good one should be seeking (Cavico & Mujtaba...
Words: 1121 - Pages: 5
...Integrating Values-The Legality, Morality, and Social Responsibility of Wal-Mart’s Response to Sex Discrimination and Pay Lawsuits Nova Southeastern University MGT5015_Legal, Ethical, Social Value Business September 9, 2012 We certify that we are the author of this paper and that any assistance received in its preparation is fully acknowledged and disclosed in the paper. We have also cited any sources from which were used data, ideas of words, whether quoted or paraphrased. I also certify that this paper was prepared by us specifically for this course. Table of Contents Abstract (Natalie Rondon) 3 Introduction ( Natalie Rondon) 4 Legal Section (Franciso Amado) 5 Ethic Section Utilitarian Ethical Analysis (Kyle Lozito) 8 Kantian Ethical Analysis (Christian Varillas) 14 Additional Ethical Analysis (Natalie Rondon). 18 Social Responsibility Section (Shirley Simmonds). 20 Conclusion (Natalie Rondon). 25 References. 26 Abstract This is a library research paper on the integrating values of Wal-Marts to sex discrimination and pay lawsuits that Wal-Mart has encountered over the years. The paper will discuss the legality of the situation and how Wal-Mart might be able to fix the issues that they are having. The paper will also discuss Utilitarian ethical analysis, Kantian ethical analysis and Socrates and the Socratic method. It will go into detail if Wal-Mart as a company has acted ethical or moral against its employees based on the ethical analysis...
Words: 7018 - Pages: 29
...employees to stop smoking, lose weight and improve their health to maintain employment and not be penalized (Cavico & Mujtaba, 2013). The authors explain that wellness plans will decrease stress, anxiety, absenteeism, and increase overall job satisfaction. While Cavico & Mujtaba do mention a few of the drawbacks, they maintain that corporate wellness plans are socially responsible and beneficial to everyone, which is incorrect. Cavico & Mujtaba assert that voluntary and incentive based programs are utilitarian in nature, therefore, a positive move for employers and employees. Voluntary and incentive based programs, however, appear not to be the intent of corporations in the future. According to the authors, in the next three to five years, 60% of corporations intend to penalize workers who do not improve their health (p. 111). This leads one to question if penalizing employees will still remain a positive move for employers and employees. While monetary penalties will impact an employee’s paycheck, employers may be forced to lose highly qualified employees at the hands of wellness plans. If wellness plans must be instituted, involuntary programs would not be in the best interest for all involved. Utilitarianism is defined as “the belief that a morally good action is one that helps the greatest number of people” ("Learner’s definition of Utilitarianism," 2014). Cavico & Mujtaba proclaim that wellness plans will provide the greatest good by decreasing healthcare costs,...
Words: 878 - Pages: 4
...loved branch of ethical philosophy. It is to some extent the Eden lost of moral philosophy, for it argues that moral requirements are based on established standards of rationality, reason and dignity embedded in Categorical Imperative and whereas, immorality is somewhat a violation of moral philosophy and is not embedded in Categorical Imperative, which is self governing reason that each and every individual possess as a guiding factor in practical affairs, business decisions such as the failed merger of AT&T and TMobile merger. Reason, declared Kant, is the source and ultimate basis for morality (Cavico & Mujtaba, 2013). Meaning, morality is not based on the animalistic side of man, but, rather on a God given conscience weaved in the moral laws which are the opposite of intuition or utility. This moral law is binding on human beings, simply because they are rational (Cavico & Mujtaba, 2013), however; what makes man rational? Does the rationality of man only apply to personal matter not business matter? Does that rationality prevent business controversies? Rationality is a most desirable quality of man, however; such rationality does not always apply to business matter. The merger of the second and fourth largest telecommunications companies, AT&T and T-Mobile is a prime example of how far man will go in order to ignore his God given conscience. However, the same man that is often ready to make irrational business moves is somewhat careful when it comes to personal...
Words: 1704 - Pages: 7
...Integrating Values - The Legality, Morality, and Social Responsibility of the George Brothers & the Largest Pill Mills in South Florida Abstract This paper examines the legality and ethics of the George brother’s pain medication clinics in South Florida. It explains the legality of the pain medication supply that is available for consumers that medically need it and how its source can also be an easy access to addicts. Although it is considered legal, is it ethical? In this paper we study different theories in ethics, including Kantian and Utilitarian ethical models. These models provide clear analyses that guide us in deciding if pain medication distribution from pain clinics is ethical. Finally, we review and conclude if the George brother’s pain medication clinics were acting socially responsible within their communities. Given the rise of pain medication abuse and illegal reselling, pain clinics in South Florida should adhere to strict rules to provide services to those that need it and not turn their businesses into pill mills. Introduction Purposes of Paper The intent of this paper is to provide a detailed and analytical examination of the George brother’s pain medication clinics. Throughout this paper all approaches will be examined such as the legality and ethics of the case, and how social responsibility plays a role. In the past few years in South Florida, there has been a rise of pain medication addiction and the reselling of these narcotics. Pain...
Words: 6754 - Pages: 28
...The BFOQ doctrine is illustrated and explicated in four key categories: gender/sex, religion, national origin, and age (Cavico & Majtaba, 2016).” “The initial and most important point about the BFOQ doctrine is the BFOQ defense is written narrowly and is to be read narrowly (Cavico & Mujtaba, 2016)”. “The burden of proof and persuasion, moreover, is on the employer to establish that a particular position justifies a BFOQ and concomitant discrimination in employment (Cavico & Mujtaba, 2016)”. In the military, there are several positions for all persons to consider in order to maximize human potential. I am against using BFOQ in the military because each and every one of us has something unique about ourselves that could help in mission support. The Army has now open combat jobs to females. They are allowed to drive tans, fire mortars and lead infantry soldiers into combat. They are now also able to serve as Army Rangers and Green Berets, Navy SEALs, Air Force paratroop jumpers, Marine Corps...
Words: 571 - Pages: 3
...Abstract Employment At-Will and Medical Marijuana use are two issues merging together in today’s society as state laws are becoming more reciprocal to medical marijuana users. Research has found that many users find marijuana to be a great therapeutic alternative when traditional therapeutic drugs start to become ineffective. The issue of employers having the legal right to fire employees who are registered medical marijuana users when testing positive during drug test makes employees feel helpless. This paper explores the legal, ethical, and social responsibilities that companies have in today’s society in regard to the use of medical marijuana. At Will Employment and Medical Marijuana: Analyses based on Legal, Ethical and Social Responsibility There is controversy over the rising issue of employment at-will and medical marijuana off company property. There are 22 states that allow the use of medical marijuana, but these states’ medical marijuana laws do not explicitly provide protection status to patients. Should this be legal and is it worth it for the organization to continue this practice? This paper will discuss the issue of “zero-tolerance” drug policies in organizations located in states that allow the legal use of medical marijuana, and the issues that arise will be analyzed and broken down into the “3 value” analysis of the law, ethics, and social responsibility. According to a report done by CNN there is a case concerning a Michigan man named Joseph Casias...
Words: 5389 - Pages: 22
...Nova Southeastern University Wayne Huizenga Graduate School of Business & Entrepreneurship Assignment for Course: MGT5015 Submitted to: Submitted by: Date of Submission: Title of Assignment: CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledge and disclosed in the paper. I have also cited any sources from which I used data, ideas of words, whether quoted directly or paraphrased. I also certify that this paper was prepared by me specifically for this course. Student Signature: ___________________________ Student Signature: ___________________________ Student Signature: ___________________________ Student Signature: ___________________________ Student Signature: ___________________________ ******************************************* Instructor’s Grade on Assignment: Instructor’s Comments: Table of Contents Introduction……………………………………………………………………………pg. 3 Legal Section………………….……………………………………………………....pg. 5 Relevant Legal Principles…………………………………………..................pg. 6 Application of Law …………………………………………….….………….pg. 7 Legal Conclusion………...…….……………………………….……..............pg. 8 Ethic Section……………………………………...……………………….…………..pg. 8 Utilitarian Ethical Analysis……………………………………………………pg. 8 Kantian Ethical Analysis……………………………….………….................pg. 12 Machiavellian Virtues………………………………………………………..pg...
Words: 7152 - Pages: 29
...Nova Southeastern University Wayne Huizenga Graduate School Of Business & Entrepreneurship Assignment for Course: MGT 5015 Legal, Ethical, and Social Values of Business Submitted to: Dr. Frank J. Cavico, J.D. LL.M Submitted by: James Jones N01456933 Date of Submission: March 12, 2013 Title of Assignment: Integrating Values – The Legality, Morality and Social Responsibility of, “Is it moral for the University of Notre Dame to pay their college football players?” CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledged and disclosed in the paper. I have also cited any sources from which I used this data, ideas of words, whether quoted directly or paraphrased. I also certify that this paper was prepared by me specifically for this course. Student Signature: Jill Burgess *************************************************************** Instructor’s Grade on Assignment: Instructor’s Comments: Table of Contents Introduction Many students who are currently active players for their university's football team are struggling to make ends meet. They simply don't have the funds to buy new clothes, tools for education, or even food not supplied by the university. To make matters worse, the NCAA has created policies restricting players from pursuing avenues of being compensated for services...
Words: 6552 - Pages: 27
...History and Evolution of the Securities and Exchange Commission The Securities and Exchange Commission was created at the conclusion of the Senate Banking and Currency Committee’s 1932–1934 investigation of stock exchange practices, usually called the Pecora Hearings, in recognition of the decisive role played by the committee’s counsel, Ferdinand Pecora.(Macey, 2010) Between September 1, 1929, and July 1, 1932, the value of all stocks listed on the New York Stock Exchange shrank from a total of nearly $90 billion to just under $16 billion, a loss of over 80 percent.(Macey, 2010) In a comparable period, bonds listed on the New York Stock Exchange declined from a value of $49 billion to $31 billion.(Macey, 2010) These figures, staggering as they were, fully gauge the extent of the 1929–1932 stock market crash.(Wiesen, 1979) During the post-World War I decade, approximately $50 billion of new securities were sold in the United States approximately half, or $25 billion, would prove near or totally worthless.(Wiesen, 1979) Leading securities, including General Electric, Sears, Roebuck, and U.S. Steel common stock, would lose over 90 percent of their value between selected dates in 1929 and 1932.(Zimmer, 2009) Formally, the purpose of Pecora’s stock exchange hearings was to determine why these staggering decreases in security values had occurred and to propose legislation to prevent another stock market crash. (Wiesen, 1979) The Pecora hearings also had an obvious...
Words: 3762 - Pages: 16
...Literature Review On Importance of Academic Integrity & Honesty Prepared by Abdullah Alabdulhadi ID 23544 Abdulhadi Altammar ID 23970 Sayed Esmaeil ID 25167 Saud Alabdullaali ID 25393 Essa Alkandari ID 25176 Importance of Academic Integrity and Honesty Growth in school echoes from growth as a person. Dishonesty causes erosion of core values making one indecisive and having loss of self respect. Academic dishonesty is a shortcut that robs one of the benefits of learning. When colleges and universities have standards of integrity, the society and higher education reaps benefit providing foundation for a vibrant academic life, thus developing students to be responsible for future. Academic Integrity is a commitment even when the world is facing adversity. Values like trust, fairness, honesty, respect and responsibility makes principles of behavior to act academically (Center for academic integrity, 1999). Academic integrity makes others to believe in you for your honesty and act accordingly. Also, trust is a key ingredient in being a fortunate leader. Developing good ethical habits while in college helps one when entering a new workplace. Secondly, such a trait is valued by employers and they would rather invest in human capital that brings a positive impact on their organization. Acting consistently reduces lot of tension in life and makes a person more healthy and productive (Bauer.uh.edu, 2015). To analyze...
Words: 1441 - Pages: 6
...Nova Southeastern University H. Wayne Huizenga School of Business & Entrepreneurship Assignment for Course: | MGT 5012: 21st Management Practices | Submitted to: | Dr. Bahaudin G. Mujtaba | Submitted by: | Kandis D. Gaines | | N01408070 | | 5800 Lake Pointe Village Cir #617 Orlando Fl 32822 | | 386-316-1449 | | | Date of Submission: December 8, 2013 Title of Assignment: Final Term Paper: Business Ethics and the Moral Foundation of Effective Leadership CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledged and disclosed in the paper. I have also cited any sources from which I used data, ideas or words, either quoted directly or paraphrased. I also certify that this paper was prepared by me specifically for this course. Student's Signature: _____Kandis D. Gaines_________________________ ***************************************************************** Instructor's Grade on Assignment: Instructor's Comments: Business Ethics and the Moral Foundation of Effective Leadership Introduction In the global business spectrum, ethics play a huge role within any form of business where key ethical principles such as morals, values, and judgment determine the overall success and direction of the company. Managers and entrepreneurs who make moral determinations behind ethics build trust and create positive relationships with their employees, consumers...
Words: 4948 - Pages: 20
...Introduction Ethical behavior is generally expected to be conducted within a business by its managers and employees. When business ethics is spoken by business people of it usually means one of three things (1) avoid breaking the criminal law in one’s work-related activity; (2) avoid action that may result in civil law suits against the company; (3) avoid actions that are bad for the company image (Erwin 2011). . Ethical issues in business will occur but can be solved and avoided in many cases that can help a company continue to be successful. Using an ethical decision making process will guide companies and its employees in the right direction to success and respect within the communities they serve. Most people involved in business whether functioning as a small business owner, employee, or chief executive officer of a multination company eventually face ethical or moral dilemmas in the workplace. Such dilemmas are usually complex, for they force the person making the decision to weigh the benefits that various business decisions impart on individuals including him or herself and groups with the negative repercussion that those same decisions usually have on other individuals or groups. What is Ethics? Business ethics is a subject that can be difficult to define. Any discussion of business ethics is a subjective one, for everyone brings different concepts of ethical behavior to the table. These moral standards are shaped by all sorts of things, from home environment to...
Words: 2343 - Pages: 10
...Nova Southeastern University Wayne Huizenga Graduate School Of Business & Entrepreneurship Assignment for Course: – Legal, Ethical and Social Value of Business Submitted to: Professor Submitted by: Muzna Ali Date of Submission: March 2012 Title of Assignment: Term paper CERTIFICATION OF AUTHORSHIP: I certify that I am the author of this paper and that any assistance I received in its preparation is fully acknowledge and disclosed in the paper. I have also cited any sources from which I used data, ideas of words, whether quoted directly or paraphrased. I also certify that this paper was prepared specifically by us for this course. ************************************************************* Instructor’s Grade on Assignment: Instructor’s Comments: Integrating Values - The Legality, Morality, and Social Responsibility of Bodog Online Gambling- Legal and Moral Issues Table of Contents Abstract- Muzna Ali………………………………….………………………………………...…4 Introduction- Muzna Ali………………..………………………………...……………………….5 Introduction to Legal Section- Byron Creech……………………..…….………………..……….6 Utilitarian Ethical Analysis – Wendy Burrion……………….……………………………...
Words: 6115 - Pages: 25
...INTRODUCTION SOPA or the Stop Online Piracy Act was a proposed that intended to go after copyright violators by restricting access to the problem website that facilitates or host the material. Though SOPA intended target was overseas violators the language itself was vague and opened a door to hold U.S. companies accountable for many reasons. Supporters of SOPA included the owners of the copyrighted material being distributed such as many Hollywood studios. From their point of view they require protection against pirates because if their copyrighted material is pirated is cost them money. On the other hand however major computer and internet companies such as Google and Youtube.com among many felt SOPA made them by law accountable for copyright violations of others, using their website. For example the vague language of the bill states “a site could be deemed a SOPA scofflaw if it facilitates copyright infringements.” (claoit.umn.edu.), making anybody accountable. This paper will analyze from a few perspectives what where the potential implications of SOPA and will attempt to analyze ethically what this failed law means to both sides of the table. Additionally it will explore a bit the relevant legal principles and rule of law by analyzing what SOPA means legally to all. Lastly all the involved companies protecting their investment and their interests by taking a stand on both side of the issue but what about society? The Social responsibility goes above the legal and moral...
Words: 1418 - Pages: 6