Business Ethics

Ethics “is the study of moral principles concerning rightful conduct based on our most deeply held values”. It is prescriptive and normative, categorizing and laying down guidelines for determining what is right and what is wrong; what is good and what is evil; what is fair and what is not. Although there are many points of convergence between ethical norms and the law, however, quite a few instances could be cited where what is legal may not be considered ethical or moral. But, there appears to be a vast overlap between ethical norms and the moral values of the world’s great religions. Where ethical considerations flow into business domain, business ethics comes into being.

Luke, an ABC employee, is currently working on a land development project consisting of building an adult entertainment store in a neighborhood where Luke’s brother, Owen, lives. Luke knows that Owen has been considering selling his home but that he is putting it off expecting the real estate market to improve in a few years, yet Luke knows that the project will cause the opposite effect.

Peter Crist is almost always correct. The reality is that if someone lies or covers stuff up, most of the time they will be found out eventually be it in two days or in 20 years. However, the reality is that some people do lie and cover stuff up in professional and personal situations and are never exposed. Sometimes this is because they're in a situation where dishonesty is prized, other times it's because the people around them turn a blind eye to what they see because they don't want to know the truth. Other times, it's because the person engaging in the dishonesty is so crafty and so quick that the trickery and subterfuge is almost inscrutable. However, the fact remains that Crist is correct. Often people are found out because those who are engaging in the trickery have so much hubris and so much arrogance that they engage in bolder and bolder moves, believing that they will never be caught. One example of that from the recent past is of Bernie Madoff. His crime was a simple Ponzi scheme which grew larger and larger in size and scale to the point where he couldn't help but be found out. In this case, the fact that Ms. Jones was found out was somewhat expected: she advanced to such a position of power within the institution that she was almost one of their public figures, which meant that her credentials would be under greater scrutiny.

We must change the focus of business ethics away from primary emphasis on Western ethics toward a deeper understanding of value systems that stem from different conceptions of human nature. We need to abandon the project of universalizing ethics along Western lines.

1. The Sales Rep. A sales representative for a struggling computer supply firm has a chance to close a multimillion-dollar deal for an office system to be installed over a two-year period. The machines for the first delivery are in the company’s warehouse, but the remainder would have to be ordered from the manufacturer. Because the manufacturer is having difficulty meeting the heavy demand for the popular model, the sales representative is not sure that the subsequent deliveries can be made on time. Any delay in converting to the new system would be costly to the customer; however, the blame could be placed on the manufacturer. Should the sales representative close the deal without advising the customer

This business featured on The Profit was in an awful situation. The Swanson Fish Market was rebuilt after their business burnt down in the past so they had to start over basically. However, they got a lot of insurance money to restart the business but they somehow weren’t doing very good. This business did a lot of unethical things to get into $900,000 worth of debt like employees buying the product with their own earned money just to keep the business alive and they aren’t willing to give up some things to keep the business running.

In any type of business, ethical decision-making is usually at the forefront of company operations. It shapes the foundation of a company and gives employees a moral compass as to what is expected of them ethically. Ethical-decision making prevents individuals from profiting from their own personal methods, while representing the company as a whole. There has been several cases where an individual of an establishment has gone against the company’s moral scale for their own benefit and ended up costing the company tons of money, or even worst circumstances, has caused a company to go bankrupt. After reading about Bill Daniels and his groundbreaking insurance story in Chapter 5 of Gonzalez-Padron (2015), it was obvious that Daniels displayed a great example of an ethical decision-making, as moral reasoning was his company’s entire foundation. This paper will describe the ethical tradition Bill used to save his own business, the approach he used to do so, factors that could motivate someone to develop higher stages of moral reasoning, and others who demonstrate dissimilar ethic styles.

Determine the impact of this event on ARC’s “benefits of business ethics” (employee commitment, investor loyalty, customer satisfaction, and bottom line).

Before applicants accepted, rental agent should have done a background check as a standard procedure.

A business may be a multi-million seller, but does it use good business ethics and do people care? There are popular soft drinks and fast food restaurants that have been fined time and time again for unethical behavior. Business ethics should eliminate exploitation, from the sweat shop children who are making sneakers to the coffee serving staff who are being ripped off in wages. Business ethics can be applied to everything from the trees cut down to make the paper that a business sells to the ramifications of importing coffee from certain countries.

Globally, Wal-Mart is the second largest revenue generating company. It is surprising to see so many discriminating issues within the company. Women working for the company are consistently treated unfairly, yet other issues exist. It is as if Wal-Mart has fallen into the negative economic routine. The company is guilty of everyday social discrimination; gender discrimination is just one main focus of our discussion. The affects of gender discrimination affect how women are treated, their income, and company policies.

From this analysis, it is evident that price, while important, is not critical. While important, it is not consistent with the requirements of the customer. More importantly, we must consider

Some themes I picked out from attending college surprisingly are not scholastic but more practical: the great importance of hard work, how to fail and not be a sore loser, having passion for what you do, and giving back to the community. Working hard has always been a principle that I have felt strongly about. Growing up, my parents had chores for me and my siblings whether it was vacuuming the living room, cleaning the bathroom or washing the dishes. We were expected to work hard daily to maintain the cleanliness of the house. I mention that because for this project I intend to examine the leadership in a business I would like to own, a daycare center. Owning a business allows individuals to take a sense of pride in their job,

Conventionally, the idea that the activity of business is essentially morally neutral and that ethical value must be imposed from outside the activity itself has gained wide credence and acceptance. Business is expected to meet certain external criteria, derived from the prevalent/dominant moral philosophy in society if it is to gain wide acceptance and be deemed legitimate by the society in which it functions and operates. This reluctance to accept the intrinsic morality of

1. The Sales Rep. A sales representative for a struggling computer supply firm has a chance to close a multimillion-dollar deal for an office system to be installed over a two-year period. The machines for the first delivery are in the company’s warehouse, but the remainder would have to be ordered from the manufacturer. Because the manufacturer is having difficulty meeting the heavy demand for the popular model, the sales representative is not sure that the subsequent deliveries can be made on time. Any delay in converting to the new system would be costly to the customer; however, the blame could be placed on the manufacturer. Should the sales representative close the deal without advising the customer