Ethics And Law Of Business And Society

Hartman, E. (2006). Can We Teach Character? An Aristotelian Answer. Academy of Management Learning & Education, 5(2006), 68-81.

Many students come to school without a solid moral and ethical foundation because it has not been a priority at home. The lack thereof must not be used as an excuse. Educators must assume the responsibility to be effective caregivers, moral models, and ethical mentors. Successful character education is an integral part of a school’s culture, most effective when the virtues are integrated into the academic curriculum (Dean, 2014).

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.

Mentioning about business classes, students may think about finance, marketing, accounting, management and so on. However, ethics class is designed for all business students to understand about ethics and how to do moral business. The article Can We Teach Character? An Aristotelian Answer by Edwin M. Hartman explains the principle of ethics and how the schools can teach their business students good characters. The author emphasizes on the Aristotle’s principles of well-being and ethics and how to apply these principles to real life.

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.

On the other hand, many argue that character should be taught in school in addition to academics, as it will result

The top managers operated in a corrupted fashion They did not even try to produce a positive symbolic management within the organization. Thus, the failure of the company was also the reflection of their moral failing. As a matter of fact, not only there was an aggressive and arrogant culture, but managers were mainly driven by corruption, and greed. They had no space for ethics; their main goal was trading for financial gains. Managers at Enron did not focus on long term goals. Moreover, they did not take care of their shareholders. Executives had neither an open relationship nor a shared vision with their employees. Instead, they were only interested in enriching themselves; according to their philosophy any situation could bring profits, even though this might involve crossing ethical lines. Indeed, the culture of pride, arrogance and greed at Enron made executives look for whichever solution in order to get more and more profits. Because executives wanted to benefit themselves first, all the decisions they took in the board room were made on the only account of how they could earn more. For all the above-mentioned reasons, operational and financial controls were inadequate,

Upon applying utilitarianism theory to Tom’s current situation, Tom would maximise the greatest good and increase the happiness of more people and parties by exaggerating his work experience. The first party that would benefit from this is his parents. As was said in the case study (2014), Tom’s mother had lost her job a few years ago and has remained unemployed since. Tom’s father has also not been doing well financially, as his business has not been doing well as of lately, which would lead to less income for the family. Tom’s parents would be better off financially, as they will no longer need to support Tom if he were to be hired by the accounting firm.

Business ethics can be defined as the critical examination of how people and institutions should behave in the world of commerce. There are many subcategories that we may look into when speaking of business ethics, in this essay I will be writing about advertising ethics. Advertising is practically unavoidable in today 's world, we see it in the streets, shops, magazines, television, on the internet, hear it on the radio. In this essay I will describe two ethical issues in advertising, show why business leaders need to remember to launch ethical campaigns and also have and look into some examples from the business world.

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.

Furthermore, not everything that can be taught can be learned without practice. Instead of telling us what to do, Aristotle’s ethical advice tells us what to be. His approach

• Aristotle then says in his descriptions, “Thirdly, character must be true to life: for this is a distinct thing from goodness and propriety, as here described.”

I read five articles on character education. These articles helped me to better understand the importance of character education and useful techniques and methods to teach children values and morals.

Business ethics and corporate morals have been evolving over the years, and continue to do so. These guidelines are constantly molding and vary as businesses become more integrated. Costco Wholesale Corporation, is a very successful multinational business, but has had issues in following along with social responsibility trends that come with advancements in domestic and worldwide partnerships.

When we talk about business ethics, we think of the business as a whole, but in reality business ethics applies to the individuals working within the business. According to Investopedia, business ethics is the study of proper business policies and practices in regards to potentially controversial issues (Investopedia, 2016). Strong business ethics will help an organization become more successful by building customer loyalty, retaining good and talented employees, creating a positive work environment and avoiding legal problems (Hill, 2016).