Case Analysis : Managing Business Ethics Essay

2. Laws must be static and unyielding in order to provide stability for a society.

Webster’s Dictionary defines ethics as “a set of moral principles: a theory or system of moral values.” (Merriam-Webster, Incorporated, 2011). Every person has ethics that he or she lives by, but sometimes in the business world many unethical business transactions occur. People do not realize that sometimes the statistics that he or she are fed have been falsified in order to get him or her to purchase a product or lure him or her in to participate in via false promises.

The notion of ethics deals with people’s behaviors within a company. Social responsibility involves a company’s moral obligations and the manner in which the organization makes its decisions. Although ethics and social responsibility are similar on a conceptual basis, each has its own unique characteristics that express their differences and its independence of the other. Ethics and social responsibility have to be present and coincide with one another for a business to be ethically sound.

2. Ethical Issues in Business. It seems that every day in the news we are hearing of new company that has acted at least unethically and possibly illegally in the operation and financial reporting of their company's business dealings. There are many ethical issues in business. One major issue that we see is over and under reporting net income. Companies like to show that every quarter the net income of the business has an increase or profit. In order to show this they adopt unethical or illegal means in the operation and financial reporting. One such method is the indiscriminate use of stock options for employees that enable companies to take employment costs off balance sheet and inflate earnings. With the recent ethical issues we have

This case presents a very typical situation that people encounter while working in the corporate environment. What is ethical, what is morally correct and what is just right out against the law are the questions that we all face while working in a corporate environment. Some of the ethical questions are governed by the law facing the situation. For example while working in an investment bank you most probably have access to inside information about upcoming deals that one could possibly use for personal monetary gain or you could act as a tippie and possibly share that confidential information with others. This kind of a situation is definilety governed by the law and you can actually be charged with various

They start out using utilitarian ethics when they introduced the pacemaker to the world to help people who was having heart problems or a heart condition where the heart would stop and people was dying so the pacemaker was the fix to that problem.

Module 2: Case Study, Should disabled veterans get preferential treatment over better qualified candidates who are not disabled veterans?

Ethics relates to given principles that govern behavior and conduct of a human being. Business ethics on the other hand is the code of a conduct that a company or an organization abides to in the day to day operations with the public (Conjecture Corporation, 2011). Making profits and high volume sales should not be the only goal of a business, a good reputation to the public is also very important for the survival of a company. This has led to companies formulating their code of ethics for employees to adapt. Consequences are also stipulated for those who defy these ethical codes and company guidelines. The world of electronic commerce (e-commerce) has also started articulating the same concerning unethical

Company X requires its employees to dress and maintain a clean, professional appearance. The employees of Company X represent this company and it is important that their appearance is professional. All staff members are expected to present themselves in an acceptable appearance to our team, clients, and the public. Supervisors are required to assist Company X in monitoring its employee’s appearance.

All of the following are considered exceptions to the general rule that there is no duty to rescue except:

When it comes to ethical or moral codes, companies need to certify that the company as a whole follows the highest standards of moral codes at all times and for all occasions. In addition, having higher moral standards are important and necessary in business, as well as times of investigation. For this essay, I will be reviewing a case where dishonest business examination procedures were performed by a company.

* Nearly ¾ say understaffing has created problems such as stock-outs, messy stores and poor customer service;

In this situation there are many ethical issues to consider. First of all the whole story is about Jane, the superior of Ralph who has a problem with alcoholism. The request from the detoxication center is the first ethical issue for Jane. If she urges Ralph to submit this blood test he would probably be known as an alcoholic and eventually saved in an industry wide database. Due to the fact that it looks like he could get a new job at a competitor, it wouldn’t be good to be known as an alcoholic, because of the fact that new employees with a preexisting condition such as alcoholism are not qualifiable for reimbursement for treatment of

All over the world business reputations are hitting a downward spiral, which is a serious concern for business leader because they hire the workers to produce the best possible outcome for their business. Business leaders are concerned about their unethical workplace being the explanation why their business is down the tube. Dr. Barry Morgan from the Archbishop of Wales support calls for an ethical business law. In proportion to the ethical business calling on the BBC, “Dr. Morgan believes an oath for those with the Master of Business Administration (MBA), which lays out a code of principles like the Hippocratic Oath does for doctors, would help with responsible leadership in business” (BBC: News Wales, 2011). It is probably the case that all businesses should sign the oath, this gives consumers to show that they are dedicated to being an ethical business. There are numerous of long run businesses that known to be unethical and they can steer the new business in the unethical direction. By adapting to business ethic terms and look for examples in the business fields that have an ethical or unethical reputation, this will give the opportunity for the business leaders to steer their employees into a healthy environment for their business to go the right direction.

Ethics is the branch of philosophy that deals with the principles correlated to human behavior concerning the rightness and wrongness of specific conduct, and to the good and bad that influences and ends those actions (Ditonary.com, 2011). In other words, ethics is the choice people effect in regards to a decision they need to achieve. Without ethics directing the choice an individual makes, moral preferences of what should or should not be done becomes irrelevant. While ethical decisions are made every day there are two different regions in which these choices are made.