...Ethics Essay Ethics emphasizes that something is “good” and that the group will strive toward the goodness. It is doing the “right” thing. When reviewing, ethics there are different ethical theories of utilitarianism, deontological, and virtue ethics. The Utilitarianism belief is that more good should come from a decision than harm. When reviewing if something is right or wrong a thorough inspection will take place regarding the possible solutions. The Utilitarianism will look for different options and weigh out each benefit or consequence. Whichever option has the best outcome for all at stake will be the correct solution. An example of this is a business opening up earlier and staying later. Even though employees may not want a longer work day it will be best for the customers. The Deontological belief is to make sure the right thing happens out no matter what consequences are or who may be affected. The Deontological decision-making process follows that of Western biblical tradition. The process is entirely “action” based on principals like the “Golden Rule” and “Do unto others as you would have them do unto you.” An example is a coworker is illegally working through lunchtime to get ahead. It is nice the work is current, but they are obtaining this illegally. Virtue ethics strongly focuses on the motivation and intentions of an individual. This reflects on rules and consequences, but a large part of an individual’s character. The Virtue Ethics process will...
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...Ethics game simulation A principle exists as a feature or quality believed to be ethically outstanding and therefore is appreciated as a base of ethics and good start for a decent living being. Personal qualities are features cherished as promoting personal and communal comfort. G-BioSport is a business that supplies sports nourishment and supplements to its consumers. The company adheres to the modern Foodstuffs and Drug Administration (FDA) principles with their commodities. Nevertheless, new lab tests disclose traces of contagion in the total of the GBS-Fibranafren tests carries out. The liability is present in the Quality Control (QC) executive to recognize the problem and put the solution into practice. These recreations lay out the QC executive with numerous states of affairs and resolutions to two primary problems. Each recreation presents confronts in cooperation with the ethical and honest aspects involved. The first recreation displays the QC executive with lab results exemplify 100% pollution of the products investigated. A number of these tests are acquired from the commodities themselves in the market and under the ownership of the consumers. With such information, the matter shifts from whether or not to caution and what knowledge to offer to customers concerning the control of the contaminated commodities. What decision-making steps did you take to ethically address these issues? Considering the fact that business ethics exists as an outline of functional...
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...Discussion Questions for Smith vs. Marx (October 8, 2013 pp. 134-165) An Essay on the Background of Business Ethics: Ethics, Economics, Law and the Corporation 1. What is philosophy? A conversation. 2. What is "philosophical ethics"? A conversation about conduct, the doing of good, and the avoiding of evil. 3. What is "business ethics"? A conversation about right and wrong conduct in the business world. 4. Business ethics was once known as “the world’s most famous oxymoron” until about thirty years ago. What happened to change that view? Newspaper headlines of foreign bribes, Wall Street scandals, exploding cars, whistleblower conflicts and civil rights in the workplace allowed the view that value questions are never absent from business decisions to come into play and that moral responsibility is the first requirement of a manager in any business. From then on, it has become the general consensus that a thorough grounding in ethical reasoning is essential preparation for a career in business. 5. How was the “ruling class” defined in the seventeenth century according to Karl Marx? The ruling class in every age is the group that owns the means of production of the age’s product. In the 17th century, the product was almost exclusively agricultural and the means of production was almost exclusively agricultural land; landowners were the aristocrats and rulers. With the coming of commerce and industry, the owners of the factories joined the ruling class...
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... Follow this and additional works at: http://scholar.valpo.edu/jvbl Part of the Business Commons Recommended Citation Fu, I-Pang (2015) "Favoritism: Ethical Dilemmas Viewed Through Multiple Paradigms," The Journal of Values-Based Leadership: Vol. 8: Iss. 1, Article 6. Available at: http://scholar.valpo.edu/jvbl/vol8/iss1/6 This Article is brought to you for free and open access by the College of Business at ValpoScholar. It has been accepted for inclusion in The Journal of Values-Based Leadership by an authorized administrator of ValpoScholar. For more information, please contact a ValpoScholar staff member at scholar@valpo.edu. Favoritism: Ethical Dilemmas Viewed Through Multiple Paradigms I-PANG FU, M.ED. SMEAL COLLEGE OF BUSINESS PENNSYLVANIA STATE UNIVERSITY Favoritism is a controversial issue in many cultural settings. Related terms include nepotism and cronyism; all three are identified with misconduct in the merit-based business world. The flip side is ethics — the principles of conduct governing an individual or a group (MerriamWebster, 2012). According to John Dewey (1902), “Ethics is the science that deals with conduct insofar as this is considered to be right or wrong, good or bad.” Since favoritism is perceived as being linked to workplace misconduct, it is necessary to use ethics in examining this issue. The current study applied four lenses of ethics identified by Shapiro and Stefkovich (2011) to help people deal with ethical challenges:...
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...Ethics and Business Success Overview Ethics are the principles of right and wrong that are accepted by an individual, a social group, or society as a whole. When it comes to professional ethics, we take into consideration our personal values, family background, culture, education, and religion or philosophy before making important decisions. These factors provide the framework from which we base our decisions and justify our actions. Unfortunately not everything in life is so cut and dry, there often exist many gray areas that can lead to ethical dilemmas, since what one person thinks is the right course of action might not always appeal to everyone else’s ethical sensibilities. For many the words “business” and “ethics” form an oxymoron. We are frequently inundated with reports of ethical misconduct in the business world—misappropriated finances, inflated earnings, labor misconduct, and environmental recklessness are just a few of the many egregious acts to which we have become familiar. In this reading, we will explore the importance of business ethics and closely study how it relates to corporate success. We will take a look at several stellar examples of companies that regularly exhibit high ethical standards. While you read, consider how your personal ethics come into play when you make business and personal decisions that affect others. Codes of Conduct The first step towards implementing ethical business practices is to clarify what types of behaviors a company...
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...integrity constitute the very cornerstone of leadership. Organizations have failed and promising careers have been derailed when ethics have been relegated to secondary importance or, worse yet, ignored in the pursuit of more bottom-line considerations. Healthcare managers must understand their role and responsibility in creating an ethical healthcare environment that is honest, just, and always in the best interests of those being served. Whether you are the CEO, an assistant administrator, a department head, a program manager, or a clinician, if you are “in charge,” you have the ultimate responsibility for establishing the culture and setting the standards of conduct in your sphere of influence. This task is not always an easy one. Nor is it easy for well-intentioned managers to always make ethical decisions themselves. BARRIERS TO ETH ICAL D ECIS I O N M A K I NG In our book Healthcare Leadership Excellence: Creating a Career of Impact, James Rice and I identify some of the common barriers to ethical decision making and seven pitfalls for managers to avoid (Rice and Perry 2013, 29–37). We then make recommendations for building a solid culture and infrastructure to support ethical decision making throughout the organization. The following summarizes those pitfalls and our recommendations for overcoming them: 1. Failing to recognize that ethics and management decisions are interrelated. Management decisions are too often based solely on financial data, market share...
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...Ethics in the workplace can be defined by how peoples personal standards or the lack of personal standards are comprised that can negatively or positively effect a business or place of employment for a person or other individuals. Ethics is defined by a singular person and their ethical beliefs may differ from other co-workers. Workplace ethics are therefore governed by the place of employment and the authority at that employer. For example the ethics for my employer at the Department of the Navy may differ from that of a person employed by a Christian non-profit organization but as I previously said the one acts at their place of employment is up to that individual person and they must be accountable for how they personally act. The majority of my adult life has been associated with the military in some form or fashion. I was an active duty US Navy sailor for four years and served in the Iraq and Afghanistan theatre during my enlistment. After my enlistment I have worked for a non-profit veteran’s organization (Operation Stand Down, Nashville) and again being employed with the Department of the Navy, so my ethical belief have been shaped in the last ten years majorly on what the military believed and just because the military stressed a certain way, does not mean it is ethically right. With that being said I did not forget what my parents taught me in my childhood because I can still remember my father saying to me after I had done something along the lines of punching my...
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...A S S I G N M E N T O N Business Ethics Submitted to Dr. A. H. M Habibur Rahman Course Teacher Managing Organization Department of Finance Dhaka University Bangladesh. Submitted by Md.Mostafijur Rahman ID- 22055 Semester: Fall 2012 MBA(Evening) Program Department of Finance Dhaka University Bangladesh. Submission Date: 2 October 2012 Introduction Ethics, also known as moral philosophy, is a branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong behavior. It comes from the Greek word “ethos”, which means "character". It is the study of morality. It is the value that is worth pursuing in life. Ethics is relative. It depends on several factors: world views, descriptive values and moral values. Business ethics is the behavior that a business adheres to in its daily dealings with the world. The ethics of a particular business can be diverse. They apply not only to how the business interacts with the world at large, but also to their one-on-one dealings with a single customer. Many businesses have gained a bad reputation just by being in business. To some people, businesses are interested in making money, and that is the bottom line. It could be called capitalism in its purest form. Making money is not wrong in itself. It is the manner in which some businesses conduct themselves that brings up the question of ethical behavior. Definition Business ethics can be defined as written and...
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...Glengarry Glenn Ross Glengarry Glenn Ross is a film that received a great deal of praise from movie critics when it was released by New Line Cinema in 1992. Roger Ebert, of the Chicago Sun-Times, gave the movie three and a half stars out of four, and was quoted as saying that Glengarry Glenn Ross was the “Death of a Salesman” of modern times (Ebert). While this comparison might not be made by all viewers of this movie, Glengarry Glenn Ross is a great viewpoint into the sales offices of today, and gives an insight into the pressures that salespeople face today. The movie is loaded with supervisory styles and situations, as well as showing how unforgiving the sales world really can be. Glengarry Glen Ross was written by playwright David Mamet in 1984. The play was so well received that it received a Pulitzer Prize for Drama that same year (Emanuel Levy). Mamet adapted his play into a screenplay for the 1992 movie release. Mamet is also credited with writing the screenplays for such notable movies as “Hoffa”, “The Untouchables”, “About Last Night”, and most recently “Hannibal.”(IMDB) Mamet, however, did not direct “Glengarry Glenn Ross” even though he had previous directing experience on a movie named “House of Games” (Levy). “Glengarry Glen Ross” was instead directed by James Foley, a director responsible for directing such films as “Who’s That Girl” and “The Chamber”(IMDB). There have been several movies made over the past few fifteen years such as “Ocean’s Eleven”...
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...Week 1: Business Ethics and International Responsibility - Lecture | | Print This Page | Introduction to Ethics and International Law Introduction | Business Ethics | Social Responsibility | Ethical Dilemma Resolution Models | Video – Business Ethics: An Oxymoron? | Practice Quiz | | Introduction | | The E in Enron definitely did not stand for ethics, but Enron and its contemporaries like Arthur Andersen, Tyco, and WorldCom altered the lives of thousands of people and shaped new laws regulating business. All topics covered in this course, from product liability to civil rights, from intellectual property rights to antitrust and consumer protection, will all make the same point. My goal is not to instruct a basic business law course but rather to create a dialogue involving questions and issues that each of our respective businesses must navigate successfully if they are ultimately to maximize stakeholder value. We will do this during Week 1 by covering our two most important TCOs: A and I. These will be foundational for the term. As TCO A is our ethics TCO and TCO I is our international TCO, note that both of these TCOs will be important under and inside each of our topical TCOs (e.g., contracts, environmental law, employment law, etc.) | | Business Ethics | | As we move through the course, each learned TCO should remain in the back of your mind. We will build on them while learning the law. As you will find, most of the TCO A ethical strategies...
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...Introduction to Business Ethics Objectives: * Gain an understanding of why business ethics is important. * Learn how business ethics fits into the broader discipline of philosophy. * Realize that the culture in which we live influences our thinking. Business ethics, some would say, is an oxymoron. After all, the media presents, on nearly a daily basis, the shenanigans of corporate representatives as they ply their trade. Price fixing, anti-competitive behavior, fraud, deceptive advertising, and insider trading are but a few of the many questionable tactics found in the quivers of corporate moguls and their charges. Corporations and their activities have been fair game for attack, both factual and fictional. The level of corruption is epidemic in the estimation of many observers. This rather bleak picture is probably the one most familiar to what has become a very cynical populace. We have come to think of ourselves as current or potential victims of evil corporations. Is business evil incarnate? Of course it isn't. Is business completely innocent of the charges against it? Again, the answer is no. The truth lies somewhere in between. It is, after all, the modern enterprise, with all of its strengths and weaknesses, that has brought to larger numbers of people around the world, a level of material comfort and cultural opportunities than has ever before existed. Businesses must be doing something right. In fact, while business has less than a stellar reputation...
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...Introduction of the relationship between leadership and ethics. First, leadership is a process that is not specifically a function of the person in charge. Leadership is a function of individual wills and individual needs, and the result of the dynamics of collective will organized to meet those various needs. Second, leadership is a process of adaption and of evolution; it is a process of dynamic exchange and the interchanges of value. Leadership is deviation from convention. Third, leadership is a process of energy, not structure. In this way, leadership is different from management-managers pursue stability, while leadership is all about change (Barker 2001, p.491). In organizational terms, as in life in general, ethics are beliefs about what is right or wrong, they provide a basis for judging the appropriateness of behavior and they guide people in their dealings with other individuals, groups and organizations, managers are witnessing to those right and wrongs. (Khar, Praveen & Aggarwal,2011; Hansen, 2011). As Wines (2008, p.484) commented: ‘At bedrock, those who profess ethics believe that human beings are autonomous moral actors capable of making meaningful choices’. 6Approaches to ethics tend to fall into one of two philosophical camps: the consequentialist (teleological) and the non-consequentialist (deontological) (Pettit2003; Harper et al, 1996). Consequentialists argue that ethical values are meaningless unless they are actively promoted. For consequentialists...
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...Week 1: Business Ethics and International Responsibility - Lecture Introduction to Ethics and International Law Introduction | Business Ethics | Social Responsibility | Ethical Dilemma Resolution Models | Video – Business Ethics: An Oxymoron? | Practice Quiz | | Introduction | | The E in Enron definitely did not stand for ethics, but Enron and its contemporaries like Arthur Andersen, Tyco, and WorldCom altered the lives of thousands of people and shaped new laws regulating business. All topics covered in this course, from product liability to civil rights, from intellectual property rights to antitrust and consumer protection, will all make the same point. My goal is not to instruct a basic business law course but rather to create a dialogue involving questions and issues that each of our respective businesses must navigate successfully if they are ultimately to maximize stakeholder value. We will do this during Week 1 by covering our two most important TCOs: A and I. These will be foundational for the term. As TCO A is our ethics TCO and TCO I is our international TCO, note that both of these TCOs will be important under and inside each of our topical TCOs (e.g., contracts, environmental law, employment law, etc.) | | Business Ethics | | As we move through the course, each learned TCO should remain in the back of your mind. We will build on them while learning the law. As you will find, most of the TCO A ethical strategies include as a first question...
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...COVER SHEET Vee, C. and Skitmore, R.M. (2003) Professional ethics in the construction industry. Engineering Construction and Architectural Management 10(2):pp. 117-127. Copyright 2003 Emerald. Accessed from: http://eprints.qut.edu.au/archive/00004119 PROFESSIONAL ETHICS IN THE CONSTRUCTION INDUSTRY Charles Vee and Martin Skitmore School of Construction Management and Property Queensland University of Technology Gardens Point Brisbane Q4001 Australia For Engineering, Construction and Architectural Management Corresponding Author: Professor Martin Skitmore School of Construction Management and Property Queensland University of Technology Gardens Point Brisbane Q4001 Australia 14 June 2002 (version 2) PROFESSIONAL ETHICS IN THE CONSTRUCTION INDUSTRY ABSTRACT The results are provided of a small, but reprersentative, questionnaire survey of typical project managers, architects and building contractors concerning their views and experiences on a range of ethical issues surrounding construction industry activities. Most (90%) subscribed to a professional Code of Ethics and many (45%) had an Ethical Code of Conduct in their employing organisations, with the majority (84%) considering good ethical practice to be an important organisational goal. 93% of the respondents agreed that “Business Ethics” should be driven or governed by “Personal Ethics”, with 84% of respondents stating that a balance of both the requirements of the client and the impact on the public should...
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...learn about Walmart’s expectations and guides the firm in making its purchasing decisions. The company has built energy-efficient stores and retrofitted others, and it offers reusable shopping bags made of recycled materials. Although Walmart doesn’t disclose financial details on the green initiative, it says the program is already saving money and resources, and it projects billions in savings over time.1 Ethics and Corporate Responsibility Hear the True Story of how today’s managers do the right thing. Listen to what Derrick and Elaine have to say. “Ethics are crucial in the property management business. We are obligated to abide by fair housing laws in our dayto-day operations. Not only do we have an obligation as a company but also a social obligation to make sure our vendors and contractors are aware of these practices.” “The very nature and mission of my project is that of social responsibility. We are trying to do our part to help out developing countries in a way that an agricultural library is best equipped to do. Good workplace ethics translates into a better product for our subscribers. The better I and my employees perform, the better our product and the most useful it is to the end users, thus furthering the idea of social responsibility.” — Elaine Guidero, Library Manager — Derrick Hawthorne, Property Manager bat37233_ch03_050-071.indd 50 11/11/09 11:01:08 AM Confirming Pages WHAT YOU NEED TO KNOW ●● learning OBJECTIVES ...
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