...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...
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...Ethical and Moral Issues in Business Moral and ethical issues greet us each morning in the weekly paper, meet us at our jobs, and bid us good night on the nightly news. We are faced with the rights of the homeless and abortion, and sexual morality. Dealing with these moral and ethical issues is confusing particularly when people are trying to think through an ethical issue and defining what questions to ask and what causes should be reflected. The difference between ethics and morals can seem slightly logical to many. Morals describe individual character, while ethics stress a social system in which those morals are related. In other words, ethics point to principles or codes of behavior accepted by the group to which the individual fits. So while an individual’s moral code is normally unchanged, the ethics he or she practices can be other-dependent. An example of ethical and moral issue would be the ex-mayor of Detroit, Kwame Malik Kilpatrick. He used the city own cell phone to communicate with his child hood friend and lover to meet up for nights of intimacy or private talks. Mr. Kilpatrick illustrated adultery, disrespect to the people of Detroit and shame and humility to himself. In spite of all of that, Mr. Kilpatrick still have not learned his lesson by incurring new criminal charges with tax evasion with the federal government. A personal code of ethics is the heart of who a person is and his or her views. It's created on the rules and regulations an individual uses...
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...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...
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...(i) Identify any THREE (3) unethical issues in your organisation. Nike (figure 1) is a very well-known company which produce quality shoe and athletic wear around the world. It is founded by an athlete named Philip Knight and his couch Bill Bowerman (Figure 2) in January 1964. Its slogan called ‘Just Do It’. The quality and standard of its products have been strongly recognised by people, even though Nike’s products are considered expensive, yet its performance makes it valuable. i. Inhumane working conditions. Although Nike’s products and services are able to satisfy its consumers, there are some invisibly unethical issues which happened between its employers and employees that are intolerable. The first serious case is Nike’s workers faced direct violence in the factory. According to the daily mail reporter, workers announced that they are being mentally and physically abused at the sweatshops. The supervisors often slap them in the face, kick them, throw shoes at them and call them ‘dogs’ and ‘pigs’. With the proofs, one of the workers in Sukabumi mentioned that she was kicked by a supervisor because of making a mistake while cutting rubber for soles. Some workers also described that they were being hit or scratched in the arm until they bled. Besides that, a 30 years old lady named Mira Agustina, was fired in 2009 for taking sick leave even doctor’s note was summited. She said furiously that it was a terrible work and the bosses frequently insult the workers by...
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...Business Ethics and Legal Issues Name: Course: Tutor: Date: Abstract Antitrust laws are the legislations by state governments aimed regulating the way in which trade and commerce is carried out. This is possible through the prevention of illegitimate price-fixing and monopolies and facilitating fair completion. The net effect that is felt by the consumer is the production of high quality goods and services at prices that are affordable to all. Additionally, the public welfare and interest are well protected because it ensures that their demand is met by the firms who are engaged in the sale of goods and services. This is achieved by the provision of an ample environment for businesses to experience fair competition resulting in good business practices in all industries in the United States. This is achieved by cultivating the culture and the belief that the economy, the manufacturers, and consumers should mutually benefit from the effects of free and fair trading (Mankiw, 2008, p. 7). In its bid to create fair business environment antitrust laws mostly try to minimize cases of monopolization by various firms which may intend to create it through any possible merging. When firms merge, they reduce the competition within themselves and the net effect is that one company controls the whole industry and makes any decision regarding the prices of the products that it handles. This is where the antitrust laws come in place in order to protect consumers...
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...Cultural Issues and Ethics in International Business Introduction The expansive and unstoppable process of globalization has forced employers to form their ability to trade and negotiate with the outside world. However, it is important not only they are immersed in this subject, your staff, or one who is qualified to do so, you should also have access to the most significant aspects of foreign trade, logistics, and the impact. Companies are not limited to conduct private and government operations locally, but also with other countries. Precisely what we call international business is the relationship between an organization and its external world (Maddox, 1993). This type of activity also involves foreign trade and international, which includes transactions such as exports, imports, investments, or financing that are performed worldwide. Among the success factors that can be mentioned in the international business operations are competitiveness, financial support between the parties and logistics. This aspect is very important because when the actors involved are from different countries or regions, the business success is more complicated. In analyzing the economy, we must review the dimension that transcends the borders of a country, i.e. which addresses the problems international economic purposes (Maddox, 1993). The importance of international relations in trading, politics or culture has reached a global level, a deeper meaning that one cannot speak only about...
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...Currie ACC647Z2 3 October 2015 Legal and Ethical Issues Business Owners Face Legal and ethical issues play a big part in the operation of a business for many owners. Business owners have to take into account many issues such as legal, regulations, safety, liability and brand of the company. Business owners must know their legal responsibilities and code of ethics, because they have to adhere to both when running a business. Many business owners face these issue everyday with changing regulations and laws, making sure that their reporting is ethical and up to standards. "Navigating all of the legislative and regulatory changes that occur throughout the course of the year can be challenging, taking business owners away from other important aspects of running their businesses," said Martin Mucci, Paychex president and CEO. Business owners have to follow state and federal labor laws which can be very taxing on business owners. Business owners have to monitor their tax reforms, because with the Tax Increase Prevention Act of 2014 the processing of taxes will affect the way that business owners have budgeted for their businesses. Business owners are also affected by new health reforms which state that “employers must be prepared to meet new IRS mandates to file annual information returns with the IRS and provide statements to their full-time employees about the health insurance coverage the employer offers” (Brooks, 2015) Business owners have to know the rules and regulations which...
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...objective is typically profits, a secondary could be expansion, an initiative to become a globally known brand and gain international market share. Once the fundamental question of “why” is answered, the remaining issues, such as foreign government policies, can be addressed as well. So should a company comply or defy? Proponents of both sides of the fence are up in arms and ready to debate their stance. Proponents argue loss of market share if a company decides to leave a potentially new market, especially an international market. And proponents of defying the compliance terms are citing moral and ethical beliefs which make it wrong to comply with a communist government (http://hbswk.hbs.edu/item/5246.html). So who is the victim and who is the winner? I think that both sides are equally at loss as well as gain. If a company decides to leave due to compliance issues, chances are their competitor will step in and dominate that market. It is often difficult for a company to enter into the market as a secondary and gain market share. Foreign investments are both risky and expensive to finance, organizations determined to gain market share should certainly comply with the rules and regulations of the foreign market in which they wish to do business in. On the other hand, do we forego our moral and ethical values simply because we are on foreign soil? Are...
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...investment back from the current users of the drug. What types of legal barriers to market entry exist? Research and development (patents--both as patent creation and then patent prosecution and protection) Costs Marketing streams (such as agreements with doctors, pharmacies, and hospitals to promote or utilize the drugs, and then making sure that the doctors legally and properly utilize the drugs) Significant legal barrier What are the possible ethical dilemmas present in this example? There are possible issues here with trade agreements, which are illegal under the Sherman AntiTrust Act. Also, there is an issue with costs--since companies are directly refusing to compete, the buyers lose out and as such an unfair agreement has taken place.Dimitry Alexander Kaplun40281.1716250347 Expert Type | Attorney | Category: | Business Law | Pos. Feedback: | 98.5 % | Accepts: | 1005 | Answered: | 4/13/2010 | Experience: Run my own successful business/contract law practice Ask this Expert a...
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...the difference between ethical issues and moral issues. I will also explain the difference between personal ethics and business ethics. Then I will provide examples of common ethical problems in business for ethical issues, moral issues, personal ethics and business ethics. An ethical issue can be mirrored closely with a moral issue. According to Trevino and Nelson (2007), ethics can be defined as “a set of moral principles or values,” a definition that portrays ethics as highly personal and relative pg 13. Does that definition sound familiar? According to Merriam-Webster the definition of moral is “of or relating to principles of right and wrong in behavior: ethical”. An ethical issue has to be evaluated as a set of standards that most people deem as right or wrong however, a moral issue has more to do with the belief of an individual person of right or wrong. Ethical issues and moral issues are like walking a fine line therefore, making these issues differ is rather its personal or business. The term ethics can be described both in personal and business. Personal ethics is something that is a moral principle of a person’s belief. Ethics can be defined as “a set of moral principles or values,” a definition that portrays ethics as highly personal and relative (Trevino & Nelson, p. 13, 2007). This is based upon the personal ideals of what’s right or wrong. The choices that we make and the consequences behind them play a role in personal ethics. What are your personal values...
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...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...
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...A HISTORY OF BUSINESS ETHICS The history of “business ethics” depends on how one defines it. Although the term is used in several senses and varies somewhat for different countries, its current use originated in the United States and became widespread in the 1970s. The history of business ethics in the United States can be viewed as the intersection of three intertwined strands. Each of these in turn can be divided into at least two related branches. The first strand, which I shall call the ethics-in-business strand, is the long tradition of applying ethical norms to business, just as it has been applied to other areas of social and personal life. This strand can be divided further into the secular and the religious branches. The second strand is the development of an academic field, which has been called business ethics. It also has two main branches, one being the philosophical business-ethics branch, which is normative and critical, and the other the social-scientific branch, which is primarily descriptive and empirical. The third strand is the adoption of ethics or at least the trappings of ethics in businesses. This again subdivides into the integration of ethics into business and business practices on the one hand and the commitment to corporate social responsibility on the other. Business ethics was introduced into Europe and Japan in the 1980s although the term did not translate easily, and the development in each country varied from that in the United States because...
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...Moral Issues in Business Ethical and Moral Issues in Business At first thought ethics and morals are the same meaning. However, they are completely different and have different meanings to different people. This paper will look at the differences between ethical issues and moral issues, the differences between personal and ethics and business ethics and provide examples of everyday ethical problems in the business world today. Ethical Issues and Moral Issues To understand the differences in ethical issues and moral issues, you must know the definition. Ethics is “ethics is a systematic attempt to make sense of our individual and social moral experience, in such a way as to determine the rules that ought to govern human conduct, the values worth pursuing, and the character traits deserving development in life.” (De George, 2010 p, 13). Moral “is approved by this society” according to De George, (2010) in Business Ethics. I work at the Boeing Company, our ethics policy does not allow for accepting business courtesies. This can create the perception of favorability, especially when concerning vendors and suppliers. However, there are cases when the employee can accept the gift and that is if it would only promote a successful working relationship and goodwill of Boeing interests. If not accepting a gift would harm the business relationship and create a cultural rift, then the employee is expected to accept the gift and to report and turn it in to the Ethics Department...
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...Ethical and Moral Issues in Business Ethics and morals go hand-in-hand in workplaces and organizations should be concerned about ethics and morals. Businesses that operate ethically and morally depend on how the managers, and employees behave, how they interact with each, and with customers. In this paper the difference between ethical issues and moral issues, differences between personal ethics and business ethics, and examples of common ethical problems in business will be discussed. Differences between ethical issues and moral issues Ethics and morals may seem the same but there is a difference. Ethical issues define the code used by a group or society of people. The ethics that people adhere to uses external factors, such as society, peer group, profession, and religion, and may change if any of the influencing factors changes ( Trevino & Nelson, 2007). For example, in England fox hunting was an ethical tradition until a legislation was put into place because of the protest of the evil nature of fox hunting and became unethical. Ethics are well defined and laid down; for example, professionals such as doctors and lawyers knows the ethics of their professions. A doctor will not divulge or discuss his or her patients medical history with anyone but the patient unless given authority by the patient or required by law. Also a lawyer will not compromise his or her client’s interest. Moral issues focus on the right and wrong and do not change. For example, it will always...
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...ethical issues and moral issues. A description of the differences between personal ethics and business ethics will be discussed. Also examples of common ethical problems in business for the ethical issues will be discussed in this paper. Differences between ethical issues and moral issues Morals issues pertain to personal character and focus on right and wrong. Ethics issues pertain to a social system in which those morals are applied. It is said that ethics issues are standard s or codes of behavior expected by the group to which an individual belongs. The two issues co-inside with each other and for there to be an ethical issues there are three main components that needs to be present. They are non-moral facts, concepts, and the moral, or ethical aspects. The difference will be moral deal with belief and involves a factual disagreement in belief. Moral issues do not involve a disagreement in attitude or in feeling. “Ethics involves the sphere of interpersonal, group, and community politics at the level of values—not just what can be achieved or how to achieve it, but more what should be sought, in the realm of social harmony and fairness. It is the complexity of the other side of individualism—other than taking care of oneself, what do we want our collective to do or refrain from doing? Ethics looks at our proper relations, our duties to each other, individually and collectively” (Blatner, 2006, para. 4). Differences between personal ethics and business...
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