Business Ethics

Ethics and moral obligations are issues we all encounter at one time or another. In the professional setting, all people should act in a manner that would uphold the good of society. To be ethical, one has to determine their obligations, moral ideas, and moral philosophy (Boatright, p. 19, 2009). The case analysis involving Jacob Franklin was a perfect example of how an individual can face the dilemma of doing what is right or wrong. Businesses have their own code of ethics, and the employees within the business have to determine whether or not they will follow the company’s code of conduct. I will discuss several ethical issues in the case analysis including; failure to report information, remaining silent regarding faulty equipment,

What is principle of justice in acquisition? Our book gives us an analogy concerning basketball player, Wilt Chamberlain that was used by Nozick. The idea

Abandoned minors are no longer protected from liability on their contracts, merchants are still reluctant to deal with them on a credit basis, fearing that they may still attempt to disaffirm, or

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.

an action can't be right if the people who are made happy by it are outnumbered by the people who are made unhappy by it.

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.

In my chosen profession, it is my philosophy to “dance with the dog that brought you.” That’s a marketing term, meaning; keep what has made you successful, thus far. Since the establishment of my tax practice; I have provided efficient, quality tax services, within a reasonable time frame. Once more, this service occurs in a safe, clean and friendly home environment that promotes a very personal tax preparation experience for clients. This professional philosophy and home-based work environment has served the needs of myself and clients, for many years.

In comparing and contrasting two articles which analyze and evaluate ethics in business, the impact of corporate social responsibility and ethical behavior by corporation and their managers can be understood by the public perception documented in a survey of Hawaiian residents, as well as the argument of negative value to consumers when self-interest and lack of ethics are part of an organization’s business model. The survey results in Choy’s article demonstrate the impression of a decline in corporate ethical behavior over the past twenty years. Both articles use the environment of competition to discuss the characteristics of ethical and moral behavior in the corporate realm. The recommendation based on the evaluation of information in the two articles is for business organizations to employ ethical and moral practices that include the values of society, and use traditional morality in all business dealings. The value of corporate social responsibility will be acknowledged and appreciated by consumers, and both economic and social gains can be achieved.

Business policies and practices regarding potentially controversial issues are part of organizational ethics. These ethics are often guided by the law; most business uses ethics in order to be accepted by the public or to have a successful business. Ethical principles can address organizational issues which help the organization to follow good practices within their organization or company.

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.

Birch company is a decentralized company which allows for its division managers to make their own decisions regarding many aspect of their business. Kenton is the manager of the Northern Division, therefore he must make the proper decision with respect to his division. If Kenton wasn’t thinking of the company as a whole but just his division’s profit margin he would accept Eire Paper Company’s bid because their bid presents the best profit margin for Northern Division. Kenton should accept the Eire bid.

Describe an ethical problem you have encountered or might encounter in your workplace. How would you approach the problem and reach a decision to solve it?

• Describe the social implications of business ethics facing the selected business in its different areas or activity (P3)

These will be a bit more expensive but in terms of time and money but it will be worth since the company lost almost a third of the company asset trying to venture in the business which at the end was a total failure hence huge loss (Allen & Ferrell, 2005).

The world of business in the United States is complex, each decision for any given company affects a number of variables at a time. Likewise, each decision is based on the evaluation of many factors; decisions that would seem mundane to the outsider have to take into consideration applicable laws, on both the Federal and State level, “is what we’re doing legal?”, what is best for the shareholders, “will this yield greater dividends or increase share value”, what is best for customers “does our product/service do what is promised?”. All of these considerations and more intersect into the field of business ethics, which helps determine which practices are ethically justifiable, and which are ethically reprehensible. In the United States, that which is considered ethical in business terms, does not necessarily translate into legality. For example, while it was perfectly within ethical limits for distilleries to sell liquor, during prohibition, it was strictly illegal. Likewise, in the modern day era, there are many laws that restrict and shape the direction of a business. One such body of laws are the Anti-trust regulations, which prohibit monopolies from existing within the confines of American industry.