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Business Ethics Case Study

1160 Words5 Pages

MGT 3020 Business Ethics
Section: 4
Date: 8th February 2017

Name & Matric No
1. SARA HUSNA BINTI HAMIDON (1514322)
2. SITI AQILAH BINTI NOOR AZMI (1529730)
3. IFFIN NADZUHA BINTI MOHD SURATIN (1520790)
4. SAKINAH BINTI KAMAL FAUZI (1529070)

Group Discussion and Write Up

1. Discuss the five (5) common ethical issues faced by business people from Tawhidic paradigm. (20 marks)

Managers and business people often face common ethical dilemmas in making decisions. Firstly, is to balance the goal of the firm in generating money with justice and fairness. Often a decision to generate profit will cost a portion of society’s well-being. For example overpricing a product will put unnecessary burden towards the poor. Thus, balance is needed …show more content…

Explain two (2) differences and similarities between ethical management and management of ethics. (20 marks)

Ethical management Management ethics
Similarities
1. Both concepts applied in managing the business operations and solving problems which are some related to conflict of interest.

2. Both concepts work its function when the individual takes actions or acts (ethically) in order to manage ethical issues.
Differences

• Starts from individual's value which is act upon his actions while performing management duties and responsibilities. • Starts from managers applying internal policies, rules and regulations as well as stipulated government laws to manage ethical issues.
• One's ethical values is instilled by his knowledge, mentality, experience, and other factors such as social background. • Ethical values is instilled by myriad rules, regulations, policies and values which is practiced by the company itself.

3. Explain two (2) roles of leadership in the context of social enterprises. (20 …show more content…

We must exercise powers given upon them that demonstrate their corporate leadership or citizenship. To start with, in order to be a community leaders they must be socially responsible as corporate citizen. Because they are given to make strategic decisions. For instance, manager can be socially responsible by doing something that will contribute back into the community. However, they should not do something that will affect the community badly. Let’s say, if there is some project that may give them high profit for their company, but it will going to affect the society negatively, a very good manager will take this issue as a serious matter and will have to decide thoroughly and came with good decision to minimize the negative impacts on

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