I tend to disagree, being aware of the adage that ‘birds of the same feather flock together’. Certainly, unethical business maneuverings will be effective in business but only within unethical business circles. The bad smell of business immorality and unethical scheming has a way of going out in the open before the eyes of the consumers and will cast a negative light into these unethical businesses, acting like negative self-advertising. Moreover, it is wiser to deal with businesses of good moral and ethical standards to avoid trust issues and unpredictable
Also it was saying that it will make good the loss suffered by the people. But then it was not looking into the mental stress and trauma which the people were facing, whose life had been affected. Thus the ethical dilemma can be said to exist that the company is only looking at the physical damage and not the psychological damage of the people. Q2. Who are the stakeholders and how are they impacted by this situation?
Stokes in this case, charges could possibly be laid against Pops and his establishment as his employees intentionally stole the 50 boxes of merchandise without the intention of returning them to my client’s business place. In accordance with the rule “An employer is to be held liable for any actions and or behavior of his or her employees.” Pops is legally liable for the actions of his employees and as such all charges would be lid against him and his establishment. However no charges would be laid against him for the loss of profit due to the removal of goods intended for misty due to it being an accidental theft. Therefore there was no intention to deprive, the items could have been returned to my client. This case involves the unlawful intentional theft on the part of three employees of POP 'S Barbershop.
An area that ties into decision making in business ethics is whether that decision will be beneficial to all those who have a vested substantial interest in the outcome. Courage also plays a significant role here because individuals at times attribute success to doing everything on their own or being self-sufficient. Sometimes the lack of courage to ask for help or even a second opinion causes business people to make poor choices which in turn negatively affects those with an interest in the
As the client has forbidden to involve any subcontractor the company had to quickly hire a new college for that particular project. Many risks might arise regarding this case. First of all hiring a new college might be risky as it is not guaranteed that the expertise she has is adequate or if she has the expertise at all. It as well can be questioned how ethical it is to take a project informing the client that they have all the resources and expertise to do a certain project and risk that it might not be
It is essential for individuals and those representing an organization to understand what is an ethical dilemma. Wells Fargo financial corporation was involved in a dramatic ethical issue due to millions of unauthorized bank account openings. As explained in The PLUS Ethical Decision-Making Model, “many organizations battle to develop a simple set of guidelines that make it easier for individual employees, regardless of position or level, to be confident that his/her decisions meet all of the competing standards for effective and ethical decision-making” (n.d). The Wells Fargo scandal is evident prove that employees lacked ethical judgment and management supervision. The seven ethical decision-making steps foster straightforward thinking that
For example, abortion, for some, is ethically wrong as it means depriving an unborn of its life while some consider it socially correct, especially in cases where the embryo is either detected with an incurable illness or the parents are otherwise unable to provide or care for it. A workplace is considered a breeding ground for ethical dilemmas between individuals as they all come from different socio-economic backgrounds and beliefs. There are cases of ethical dilemmas between an employer and an employee. Let us consider an example. During recruitment, it is the duty of an organization to explain its current state to the candidate.
Other firms that care about ethics do not want to do business with firm perceived as corrupted and unethical. As a result, a company is likely to lose some of its contracts. Paying bribes can lead to discouragement of shareholders and investors. Investors are not likely to invest in companies that are engaging in unethical activities since they do not want their investment to go to waste. Paying bribes severely hinders the profitability in the long run due to the
According to Charles Hill: “The most common ethical issues in international business involve employment practices, human rights, environmental regulations, corruption, and the moral obligation of multinational corporations” (Hill, 2009). The contemporary customer is concerned about the policy of company in terms of attitude to the ecology and to employees. One of the reasons for such a position of customers can be named the globalization impact. In the world of cosmopolitism, growing number of population and mass production, people become more concerned about individualism and morality, as far as many issues contradicting those philosophical principles arise, especially, in corporate performance. Ethics of the modern corporations widely imply ethical system of Kantian philosophical study, which is based in the universal ideas of moral law.
However, my advancements that could make me an ethical business person are that I need to learn how to stand up for what I believe my personal morals are, and that I need to understand that there is more than just one job in the world. If one employer is asking me to go against my morals, there are other career options. I hope that I will be able to better learn what my morals are and how I can stick to them even in situation where they might come into question, not only personally, but as a business