Ethical Challenges in Business: a Historical Event Worth Examination

Every day businesses are faced with making decisions that can have far reaching effects within their organization and the communities in which their business are based. Company Q is one of these businesses. Recent decisions made within this company have demonstrated a trend that would suggest Company Q has a negative attitude toward social responsibility. This attitude can be evidenced by the closing of two stores in high-crime rate areas because they were consistently losing money, offering minimal amounts of health-conscious and organic foods despite high demand, and declining donations of day-old products rather than donating these items to the local area’s food bank due to concerns of fraud and stealing by employees.

1. Consequentialist moral theories see the moral rightness or wrongness of actions as a function of their results. If the consequences are sufficiently good, the action is right; if they are sufficiently bad, the action is wrong. However, nonconsequentialist theories see other factors as also relevant to the determination of right and wrong.

Historically, business ethics was of little concern to the majority. However, beginning around the early 1970s, ethical commercial policies and procedures became significantly important. Prior to the 1970s, the term business ethics was seldom a discussion. Most companies simply did not care about the ethics of their business operations, mission or corporate behavior—they were focused totally on the bottom line profits. Conversely, colleges and universities began to offer courses that focused on “Logic,” “Epistemology,” and “Ethics” in the late 1960s and early 1970s. However, most of these courses involved highly theoretical, esoteric concentrations, seldom found in business curriculums. In many cases, these subjects were offered to liberal

Often, law is recognized as a tool that ultimately provides justice; however, it also holds the power to silence others. In this film, PG&E ultimately have a greater voice than the plaintiffs despite the mass effect of the actions of the company. The plaintiffs reside in the quaint Californian community of Hinkley where it is discovered that PG&E are responsible for great amounts of industrial groundwater contamination. Accordingly, Michael Asimow and Shannon Mader link Erin Brockovich with the likes of “Class Action” and “A Civil Action” citing that the three films depict the recurring theme of “anti-business slant” .

The history of business ethics goes all the way back to the 1960s. In the 60s, there was social unrest. Employers did not show loyalty to the employees and values were cast aside (Bethel, 2016). There were environmental issues, along with drug use and tension between the employee and employer. At that time companies began to establish codes of conduct. This is when companies created values and responsibilities which would be the company’s most important objective. The 70s saw some development of business ethics. This decade, in the beginning, had escalated rates of unemployment, the company suffered through a recession as well as human rights issues. There were forced labors and the wages did not amount to much. By the end of the 1970s, the

Presentation Ethics are exceptionally regular and essential good esteem that helps us to take the right choice where we think that it hard to pick between our own advantages and the correct thing to do. We are going to talk about three sections of morals Behavioral morals, Bounded ethicality and last one is irreconcilable situation. As from the names of these parts of morals, its verging on clarifying the significance of it. It clarifies why great individuals take terrible choices. Second one is limited ethicality it clarifies how the individuals ' feeling of morals just limited inside a limit. They act morally yet in a limited way. Third one is irreconcilable circumstance, we will talk about the circumstances, where will be an irreconcilable situation of any distinctive individual.

Business ethics refers to the consideration of moral decisions and responsibilities in the process of operating a business. Business ethics, practiced throughout the deepest layers of a company, become the heart and soul of the company 's culture and can mean the difference between success and failure. Values drive behavior and therefore need to be consciously stated, but they also need to be affirmed by actions. Ethical business environments are created with foundations of integrity, accountability and commitment.

This case presents an ethical dilemma that many people in the business world face every single day. I am being asked to deceive the company’s major competitor to gain advantage over them in their production of a new, high quality fax machine. I understand that this trickery is wrong, but still need a paying job to support myself. I am torn between staying true to my moral beliefs and doing what’s right for the business.

In the book, The Corporation Joel Bakan, presents arguments: that corporations are nothing but institutional pathological psychopaths that are “a dangerous possessor of the great power it wields over people and societies.” Their main responsibility is maximizing profit for their stockholders and ignoring the means to achieve this goal. This in results portrays them as “psychopathic.” Bakan argues that: corporations are psychopaths, corporate social responsibility is illegal, and that corporations are able to manipulate anyone, even the government.

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

The purpose of this paper is to discuss an ethical issue from the business world that can impact the business operations, public image, and financial performance of an organization. In this paper, unethical marketing has been discussed as the most critical issue in today's challenging business environment. The discussion on this issue has been done in the light of some recent research studies and real life examples. The paper concludes by highlighting the major findings from the discussion.

Business ethics and ethical practices have been focuses by many businesses in recent years. Business ethics can help the company to create and develop it workplace culture as well as to increase the productivity of employees. Due to the rapidly change and improvement of technologies, ethical practices within of the workplace have also been changed with the raising of new ethical issues. Many studies and researchers have indicated that it is very importance to identify and understand the impact of technologies advance on ethical practice of businesses. The main purpose of this essay is to conduct analysis and provide evidences that support this opinion.

What a valuable employee, Sue definitely took the high road and handled that dilemma with integrity. Each person has many reasons for being ethical. Some reasons can be: inner beliefs, habits, virtue because it is its own reward, personal advantages, it's good business, there is approval, being an ethical person can lead to self-esteem, the admiration of loved ones and the respect of peers. There is also religion because it is believed that good behavior can please or help serve a deity. Ethical actions can fit in with upbringing or training. Ethics starts with the individual employee choosing the right or wrong decision.

The movie, Erin Brockovich, is based on a true story revolves around a file clerk named, Erin Brockovich, who represented the community of Hinkley against the electric corporation Pacific Gas and Electric Company, PG&E. PG&E faced disputes of ethical dilemmas and groundwater contamination lawsuits after Erin uncovered and exposed its unethical business practices. PG&E operated a compressor plant in Hinkley and hexavalent chromium, which could cause severe medical issues, was used to cool down the machines used at the plants to prevent corrosion in the machinery. The company failed to take the step of adding liner to the ponds at their plant, which led to groundwater pollution that affected the water near the compressor plant. PG&E was involved in more unethical behaviors followed by this initial breach of ethics, such as deception, bribery, and cover up evidence of chromium use.

Welcome to IBM, one of the most prestigious corporations in the United States. We are genuinely excited for you to become part of our team and start working on projects. As a new employee, there will be a lot of information that will be put in front of you. Before you get more specific information on the specialized jobs you will be completing, it is extremely important that you are aware of the certain business polices we have at this corporation. There are numerous policies in our company. These may be found in the document Business Conduct Guidelines. This memo will cover only those topics that are found in the guidelines that relate to writing ethically and handling written materials properly. This focus is very important in the business world because we are faced with ethical dilemmas every day. How you react in these situations may affect your job security, salary, and most importantly, your reputation as a professional.