...Foundations Of An Enterprise By: Rufino A. Santos III For many years people in "business" have had the reputation of needing to be ruthless in order to succeed. We've all heard remarks and jokes that perpetuate such stereotypes and caricatures, to the effect that there is no such thing as an honest person in business. Such comments would not be made unless there were at least some truths behind them on many occasions. We all know examples of people in business who have done things we consider dishonest, repugnant and socially irresponsible, all for the sake of personal monetary or material gain and, in many cases, ‘got away with it’ as far as the law is concerned. According to Charles Francis Adams “Failure seems to be regarded as the one unpardonable crime, success as the all redeeming virtue, the acquisition of wealth as the single worthy aim of life. The hair-raising revelations of skullduggery and grandscale thievery merely incite others to surpass them by yet bolder outrages and more corrupt organisations”. These were words written over a hundred years ago not by a management guru but an ordinary person who have concretely experienced such trends. In fact, so many revelations are reported that people who wish to be honest in the business world may be tempted to believe that they, too, must be sneaky, deceitful or dishonest in order to pay their way and make a decent profit. Various gurus have consciously defined ethical conduct in which one view is from Michael Cook, chairman...
Words: 2214 - Pages: 9
...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
...course of action, we can rely to some extent on the rules of right conduct that we employ in everyday life. However, business activity also has some features that might limit the applicability of our ordinary ethical views. One distinguishing feature of business is its economic character which can be summarized as the conduct of buyers and seller and employers and employees. A second distinguishing feature of business is that it typically takes place in organizations which is a hierarchical system of functionally defined positions designed to achieve some goal or set of goals. Because business involves economic relations and transactions that take place in markets and also in organizations, it raises ethical issues for which the ethics of everyday life has not prepared us. Decisions making occurs on several distinct levels: the level of the individual, the organization, and the business system. The level of the individual represents situations that confront them in the workplace and require them to make a decision about their own well-being. The level of the organization can be identified as a decision which must be made by an individual acting on behalf of the organization bringing about some organizational change. The level of the business system can be summarized as a decision which can be made by neither an individual nor a single organization; rather, it is a decision which is agreed to industry wide. Identification of the appropriate level for a decision has...
Words: 8804 - Pages: 36
...to the DBA class that this summary was prepared for. Chapter 1 – Ethics & Business Ethics is the principles of conduct governing an individual or a group. It is the study of morality. Morality are the standards that an individual or group has about what is right and wrong, or good and evil. Moral norms can usually be expressed as general rules or statements, such as “Always tell the truth”. Moral values can usually be expressed as statements describing objects or features of objects that have worth, such as “Honesty is good” and “Injustice is bad”. Five characteristics can help pin down the nature of moral standards. 1. Moral standards deal with matters that we think can seriously injure or seriously benefit human beings. 2. Moral standards are not established or changed by the decisions of particular legislative bodies. 3. We feel that moral standards should be preferred to other values including (especially?) self-interest. 4. Moral standards are based on impartial considerations. – that is, a point of view that does not evaluate standards according to whether they advance the interests of a particular individual or group, but one that goes beyond personal interests to a “universal” standpoint in which everyone’s interests are impartially counted as equal. 5. Moral standards are associated with special emotions and a special vocabulary. Ethics is the discipline that examines one’s moral standards or the moral standards of a society. Ethics is the study...
Words: 7571 - Pages: 31
...DBA class that this summary was prepared for. Chapter 1 – Ethics & Business Ethics is the principles of conduct governing an individual or a group. It is the study of morality. Morality are the standards that an individual or group has about what is right and wrong, or good and evil. Moral norms can usually be expressed as general rules or statements, such as “Always tell the truth”. Moral values can usually be expressed as statements describing objects or features of objects that have worth, such as “Honesty is good” and “Injustice is bad”. Five characteristics can help pin down the nature of moral standards. 1. Moral standards deal with matters that we think can seriously injure or seriously benefit human beings. 2. Moral standards are not established or changed by the decisions of particular legislative bodies. 3. We feel that moral standards should be preferred to other values including (especially?) self-interest. 4. Moral standards are based on impartial considerations. – that is, a point of view that does not evaluate standards according to whether they advance the interests of a particular individual or group, but one that goes beyond personal interests to a “universal” standpoint in which everyone’s interests are impartially counted as equal. 5. Moral standards are associated with special emotions and a special vocabulary. Ethics is the discipline that examines one’s moral standards or the moral standards of a society. Ethics is the...
Words: 7505 - Pages: 31
...TABLE OF CONTENTS ABSTRACTS..............................................................................................................6 ACKNOWLEDGEMENT.............................................................................................7 QUESTION…………………………………………………………………………………8 CHAPTER 1: INTRODUCTION...............................................................…..............10 1.1 Introduction………..……………………………...……..….................................10 CHAPTER 2: BUSINESS AND ENVIRONMENTAL ETHICS..……………….….…12 2.1 Definition of Business………………….. .........................................................12 2.2 Definition of Business Ethics………….. .........................................................13 2.3 Definition of Environmental Ethics..….. .........................................................15 2.4 Conflict between Business and Environmental Ethics………………………..15 2.5 The Relationship between Business and Environmental Ethics…………….24 2.6 Benefits of Ethics for Business………………………………………………….25 2.7 Problems of Business Ethics……………………………………………………25 CHAPTER 3: SUPER CHEM COMPANY…............................................................27 3.1 Introduction to Super Chem……………………………...................................27 3.2 Product Ranges………………………………………………………………….27 3.3 Process Development Services……………………………………………......28 3.4 The Issues………………………………………………………………………..29 3.5 Possible Solution………………………………………………………………...29 3...
Words: 8415 - Pages: 34
...to see his good worker go and asked if he could build just one more house as a personal favor. The carpenter said yes, but in time it was easy to see that his heart was not in his work. He resorted to shoddy workmanship and used inferior materials. It was an unfortunate way to end his career. When the carpenter finished his work and the builder came to inspect the house, the contractor handed over the house key to the carpenter. “This is your house,” he said, “it is my parting gift to you.” What a shock! What a Shame! If only he had known he was building his own house, he would have done it all so differently. Now he had to live in the home he built none too well. (Modified from LIVING WITH HONOUR by SHIV KHERA) Do we find ourselves in similar situations as the carpenter? Moving through our work hours fast paced, driven to “get the job done”, without much thought to moral values. How do we regain our focus as individuals and organizations? This is the challenge for the employee and the employer. Ethics are fundamental standards of conduct by which we work as a professional. VALUES Values are individual in nature. Values are comprised of personal concepts of responsibility, entitlement and respect. Values are shaped by personal experience, may change over the span of a lifetime and may be influenced by lessons learned. Values may vary according to an individual‟s cultural, ethnic and/or faithbased background. “Never change your core values.” In spite of all the change...
Words: 25613 - Pages: 103
...costs + external costs * Internalization: make producers bear the total social cost of production. * Ecological system: an interrelated and interdependent set of organisms and environments * Ecological ethics: ecosystems as having inherent rights or interests and we have direct duties to them. * Ecofeminism: socio-ethical theory which combines ecological ethics with a critique of paternalistic patterns of domination (top down hierarchical authority structures) in our political and economic institutions as contributing to environmental exploitation. * Unlimited resource view: view encapsulating the attitude of bygone times which regarded the earth’s carrying capacity as unlimited, and air and water as "free goods." * Sustainable growth: a level of economic and population growth which enables each generation to hand down a world no worse than it inherited to succeeding generations, which avoids the Doomsday scenario. * Doomsday scenario: scenario in which population is controlled by rising death rates and economic growth is limited by economic collapse. * Direct duty: a duty rooted in the rights or interests of the individual to whom the duty is owed. We have a duty to protect ecosystems for their own sake, as ecological ethics does, is to proclaim a direct duty rooted in rights or interests of the ecosystems...
Words: 10613 - Pages: 43
...sports are found on various levels of competition such as: high school, college, and professional sports. High school athletes' are using enhancement drugs so that they may receive a college scholarship, collegiate athletes' are using drugs so that they make it to the professional level, and professional athletes' are using drugs to make sure that they stay among the elite. Drug use in athletics have led to suspensions of players, athletes being banned from that particular sport, and ultimately death. There are many reasons for using drugs in sports, with performance enhancement being one of the top reasons, but no one will ever understand why athletes risk their career and lives. A concern for the public is the fact that athletes assume these risks just to be among the top competitors of sports. Drugs are a danger to the health of athletes. Drug use to enhance performance is unethical, and using drugs is illegal in today's society. Drugs in sports is unethical because the focus of winning and succeeding overshadows the real reasons for playing sports such as the love for a sport, natural talent and ability, and hard work to be among the elite. Athletes are thinking about winning, gaining more income, and quick gains when it comes to sports; and doing what it takes to get to the next level. Ultimately the athletes are not thinking about the long run. Athletes fail to realize that they can jeopardize their entire career and everything that they have worked for on one short term...
Words: 4069 - Pages: 17
...Example: “Let’s just agree to disagree” Ethical Relativism * Ethical relativism says that while ethical statements are cognitively meaningful, they do not hold in any objective sense because they depend on our point of view. * If we accept ethical relativism, then ethical disagreement among people who do not share the same perspective becomes impossible. * It assumes that if people agree on something, then it must be true. * Ethical relativism is suspect for a pragmatic reason: it is fundamentally at variance with our social practice. * Example: “To each his own”, or the belief that what’s right for one group isn’t necessarily right for another Ethical Objectivism * Ethical objectivism holds that right and wrong are objective phenomena. * Example: “I’m right and you’re wrong” What is Ethics? * As a discipline, ethics is a branch of philosophy. * It deals with questions of right and wrong conduct, and with what we ought to do and what we ought to refrain from doing. * It considers issues of rights and obligations and how these are related to the social setting. * Ethics is normative or prescriptive in nature. * It deals with persons insofar as they are persons. * It is jurisdiction-invariant, and its injunctions are binding even if no law recognizes them. Ethical Theories The most common kinds of...
Words: 23725 - Pages: 95
...Sethi & Stedlmeier 1991, Shrivastava 1987, and Velasquez 1992). Although all these issues are of utmost importance, they more or less deal with unusual situations and unexpected behaviour, and they can be argued to be beyond the scope of issues on which the managers feel they can exert influence (Waters et al. 1986). It seems that empirical research on ethics in business should be more interested in how managers see the "ordinary life"; the everyday managing situations where they have to face many issues that are moral in their nature (Hosmer 1996: 1, Stark 1993). In the context of studying moral issues in business, the stakeholder approach has gained increasing support in recent years (Van Luijk 2000). It has been found to be a suitable tool for analysing a company's relations with its environment and for dealing with moral issues raised in these relations (Nasi 1995, Waters et al. 1986). To answer the demand for the research of moral issues in everyday business life, this paper is targeted at developing a framework for analysing moral issues in stakeholder relations. Furthermore, the aim is to operationalise the developed framework by developing itemised statements to be used as empirical measures in a survey research. The research question is: how...
Words: 5220 - Pages: 21
...Ethics Objectives: 1. What are ethics? 2. What ethical theories and frameworks can impact our analysis of ethical behavior examples to demonstrate these frameworks you are already learning 3. Professional ethics “Engineers shall hold paramount the safety, health, and welfare of the public in the performance of their professional duties.” ASCE Code of Ethics 1. What are ethics? Ethics: a set of values or group of moral principles that are right and good a code or principles of behavior or conduct governing an individual or group Engineering Ethics: activity or discipline aimed at understanding the moral values that should guide engineering practice (only since late 1970s has systematic attention to ethics been devoted by engineers and others, as spurred by a national engineering ethics project sponsored by the U.S. Government (NSF, NEH) in 1978-1980) Why study ethics? to increase your ability as engineers to responsibly confront moral issues raised by technological activity not always in short term best interest, and bring long-term into decision making ethics are imprecise, complex, and in a given situation may conflict vague = which moral considerations to apply to a situation and in what “hierarchy” conflicting moral reasons are common, resulting in a moral dilemma disagreement over how to interpret, apply, and balance moral reasons in particular situations Illustrative “Thinking” Exercise You and your best friend graduate...
Words: 2374 - Pages: 10
...ENGINEERING ETHICS Concepts and Cases This page intentionally left blank F O U R T H ENGINEERING ETHICS Concepts and Cases g E D I T I O N CHARLES E. HARRIS Texas A&M University MICHAEL S. PRITCHARD Western Michigan University MICHAEL J. RABINS Texas A&M University Australia • Brazil • Japan • Korea • Mexico • Singapore • Spain • United Kingdom • United States Engineering Ethics: Concepts and Cases, Fourth Edition Charles E. Harris, Michael S. Pritchard, and Michael J. Rabins Acquisitions Editor: Worth Hawes Assistant Editor: Sarah Perkins Editorial Assistant: Daniel Vivacqua Technology Project Manager: Diane Akerman Marketing Manager: Christina Shea Marketing Assistant: Mary Anne Payumo Marketing Communications Manager: Tami Strang Project Manager, Editorial Production: Matt Ballantyne Creative Director: Rob Hugel Art Director: Cate Barr Print Buyer: Paula Vang Permissions Editor: Mardell Glinski-Schultz Production Service: Aaron Downey, Matrix Productions Inc. Copy Editor: Dan Hays Cover Designer: RHDG/Tim Heraldo Cover Image: SuperStock/Henry Beeker Compositor: International Typesetting and Composition c 2009, 2005 Wadsworth, Cengage Learning ALL RIGHTS RESERVED. No part of this work covered by the copyright herein may be reproduced, transmitted, stored, or used in any form or by any means graphic, electronic, or mechanical, including but not limited to photocopying, recording, scanning, digitizing, taping, Web distribution,...
Words: 48169 - Pages: 193
...of commerce; broadly conceived to include the transaction of goods and services at the individual, corporate, and international level of exchange. PRIMARY ETHICAL CONSTRUCTS 1.The Question of Generality: Can the rules of right conduct that apply to individuals be generalized to collective entities, such as corporations? 2. The Question of Responsibility: Can a corporation have moral responsibility? If so, how is responsibility to be diffused and distributed throughout the corporate hierarchical structure? 3. The Question of Liability: Provided that corporations can be meaningfully said to be morally responsible, must their liability necessarily be proportional to their responsibility? 4. The Question of Allegiance: Do the commonly accepted personal virtues of loyalty, commitment, and devotion have a place in the employer/ employee dichotomy? Does a corporation have an obligation to provide for a worker based purely upon that worker’s loyalty to the corporation over many years – even if the continued employment of the worker is counter-productive? ETHICAL CONCEPTS IN BUSINESS 1. Conflict of Interest: A state of affairs is said to constitute a conflict of interests – or potential thereof – in a set of circumstances where the individual has the capacity to influence decisions that promote their self-interest but may have a detrimental impact upon the organization they belong to, or the well-being of some other group. Crucial to a charge of a conflict...
Words: 5774 - Pages: 24
...Q1) What is Ethical analysis and discuss its Application: in Corporate Decision making? Ethics is unique among disciplines in that practitioners often cannot agree on a common definition of their topic. Ethics Scoreboard can't solve that problem, which is many centuries old. Here it attempts to put forth definitions that explain what words mean when they are used on this website.] Values: Those qualities of behavior, thought, and character that society regards as being intrinsically good, having desirable results, and worthy of emulation by others. Morals: Modes of conduct that are taught and accepted as embodying principles of right and good. Morality: A system of determining right and wrong that is established by some authority, such as a church, an organization, a society, or a government. Ethics: The process of determining right and wrong conduct. Ethical System: A specific formula for distinguishing right from wrong. Unethical: An action or conduct which violates the principles of one or more ethical systems, or which is counter to an accepted ethical value, such as honesty. Non-ethical considerations: Powerful human motivations that are not based on right or wrong, but on considerations of survival and well-being, such as health, security, love, wealth, or self esteem. Concepts Non-Ethical Considerations: Defined above, non-ethical considerations are important because they are often the powerful impediments to ethical conduct, and the cause of many conflicts...
Words: 25626 - Pages: 103