MEANING OF ETHICS -ethics are the fundamental principles, morals and values that a person lives by on how to conduct themselves in different environments. They determine whether a persons actions are ethical or not based on what society defines as right or wrong ETHICAL THEORIES There are 6 different ethical theories, each with its own determination on what makes ones actions ethical or not: Principal-based theory: -this theory is reliant on set rules and regulations in a business to determine if an employee’s doings are ethical or unethical Consequence-based theory: -with this theory the result of an employees actions determine whether or not their actions are ethical Utilitarian theory: -similar to the consequence based theory, the …show more content…
The leading network provider in South Africa has recently had numbers and numbers of its customers, myself included, losing all their data and airtime at random. Many South Africans with the company have expressed their fury on social media and to the company and claim that all the has been done was send a public apology. Customers are still not please and feel an apology is not enough. This may be considered an unethical act as Vodacom had promised their customers value for their money if they bought with and from the business, yet they have taken or lost customers money and not done anything to resolve the problem or give clear explanation of what is happening. This will not only create mistrust between the company and its customers but also result in the customers leaving the company, losing money and a bad reputation in the
First, it is important to define ethics and how its components play an extensive role in our society. The term ethics is defined as “Moral principles that govern a person 's behaviour or the conducting of an activity.” (Oxford); ethical decisions are the ones that per se determine whether or not murder is wrong. Likewise, ethics consists of different ramifications and perspectives from many philosophers. Moreover,
The method of ethical decision making which was developed by Dr. Cathryn A. Baird presented two components contained in all ethical decisions which are; The Four ethical Lenses and the 4+1 Decision process. The Four Ethical Lenses issue claims that different ethical theories and the means in which we tend to approach the situations which form part of our ethical traditions are looked at in four different perspectives. From each perspective there are different values on which to decide whether the action taken is either ethical or not and each lens also lays emphasis on determining whether the decision made is of ethical requirement. In the 4+1 Decision Process, people who are responsible for making final decisions in an organization do it
Ethics are principles of behaviour that distinguish between right and wrong. Resnik (2011) defines ethics as” a method, procedure, or perspective for deciding how to act and for analysing complex problems and issues” (p.1). People face ethical decisions; however, People working in business frequently face ethical decisions. Business ethics is the evaluation of business activities and behaviour as right or wrong (Society for Business Ethics, 1991).
Ethics refer to the values that guide a person, organization or society - - the difference between right and wrong, fairness and unfairness, honesty and dishonesty.
It about good or bad because of the results. End based ethics also known as consequentialist ethics. It is a thinking of a person to do whatever provides for the greater good which could be effectual for other people as well. I believe that this theory related to Tesco because of safeguarding and protecting the Amazon forest which will benefit many people. Therefore, the company should supply contracts with JBS for good of
I will review the unethical event that happened in New Zealand. This event lead to a power disconnection and to the death of the customer. This event and the outcomes will be evaluated. Civil and criminal arrangements and the standards that were used will be considered. The purpose of this paper will be to define the legitimacy of the organization’s behaviors.
Actions are to be judged right or wrong mainly by their own consequences. Nothing else matters. Right actions are those that have the best consequences.
Three possible theories of ethical thought are possible in this case. The first being teological ethics which is theory of morals that derives responsibility or ethical obligation from what is good or desirable as an end to be achieved . Second deontological ethics of thought is which holds that the minimum standards
Morals are the intrinsic beliefs developed from the value systems of how we 'should' behave in any given situation. Ethics, on the other hand, are how we behave in the face of difficult situations (Bottorff, 2005).
In today’s continuous changing world, the one thing that remains constant for most of us is our personal value system of beliefs, known as ethics. Ethics can also be referred to as morals. Therefore, ethics are those morals that reflect and indicate issues that concern behaviors that are right or wrong and the good and bad habits of individual character. This important standard of beliefs can in most cases create the difference in attitudes from others both
There are some common use ethical theories; deontology, utilitarian, and virtue ethics. Deontology refers to the important aspects of man lives are control by indestructible moral values and ethical standards regardless if by overruling it improve outcome. In other words, they may do the right thing, even though the consequences of that action may not be good. Utilitarian
WorldCom Inc. began as a small Mississippi provider of long disntance telephone service called LDDS. It wasn’t till the late 1990s that it began to expand into MFS comminications and acquired MCI acquistions. This late economic prosperity was characterized by a perceived expansive growth that increased the expectations of a company‟s performance. The telecommunication company became a victim of these expectations, which led to the new evolution of a fraud designed to deceive the public while the econmy slowly tried to improve itself. To prevent frauds in the future from growing and occurring as big as WorldCom did, we must try to understand what led to the fraud. How did the fraud grow so fast, what were the after effects, and how can we learn to derived to gain a better understanding of the reasons behind a fraud.