FACTS
Luke is part of a project that involves developing land recently bought by ABC company to build an adult entertainment retail store. Luke’s brother, Owen lives in the same neighborhood that this land is located. When the plans for the store become public the value of homes in Owen’s neighborhood is expected to decline. Luke knows his brother is thinking about selling his house. Owen has mentioned that, he has thought about even putting his home on the market for sale.
ISSUE – application of Ethical
The ethical issue is a conflict that Luke faces is that between disclosing confidential information about the company to his brother, or being 100% honest and/or remaining loyal to a member his family.
ANALYSIS
Virtue Ethics
Luke could use the principals of virtue ethics to determine if he should inform his brother Owen of the Company ABC’s development project. Virtue ethics is a term of art, initially introduced to distinguish an approach in normative ethics, which emphasizes the virtues, or moral character, in commitment to an approach that emphasizes duties or rules. Virtue ethics dates back to the times of Plato and Aristotle built upon the idea of flourishing a life of patience, courage, temperance, justice, and virtue. Aristotle believed that virtue is a skill to be developed in three types of people:
1. Those who live for pleasure Happiness Seekers
2. Those who live for honor: Honor Seekers
3. Those who live for contemplation: Contemplation Seekers
It is
Joe Smith a sales representative is one of Tom Tramlins top people in sales for UWEAR and PALEDENIM. Bill Bateman the CEO of the Peninsula Hotel chains met with Joe through Tom through the last contract and is meeting with him again to discuss the renewal of the contract for supplying uniforms for their employees at the hotel. Joe has become good friends with Bill and his wife and have received many perks since the last signing of the contract, like being invited to go on their yacht, social events, and staying at the hotel which is very beautiful and has an excellent swimming pool with a waterfall that the kids absolutely love. Joe landed the last contract by pricing the uniforms
The question of what is truly the nature of justice remains an unanswered question as noted by Bertrand Russell in ‘The History of Western Philosophy’ wherein he notes that Socrates was unable to provide a convincing rebuttal of Glaucon’s arguments on justice, and neither have all the social philosophers since, been able to do. Amartya Sen, in his book ‘The Idea of Justice’, has
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.
Luke is in charge of ABC Company’s land development project in building an adult entertainment store on the land they recently purchased. Unfortunately, his brother, Owen, happens to live in the same area. Luke remembers Owen once told him he is thinking about selling his house, since he recently received a decent offer from a real estate firm. However, he is debating whether he should sell it or waits for the real estate to rise. Luke realizes with the appearance of adult entertainment in the near future, the values of Owen’s house and other houses in neighborhood are likely to drop significantly.
An ethical dilemma is an incident that causes us to question how we should react based on our beliefs. A decision needs to be made between right and wrong. I have experienced many ethical dilemmas in my lifetime, so I know that there is no such thing as an ethical dilemma that only affects one person. I also know that some ethical dilemmas are easier to resolve than others are. The easy ones are the ones in which we can make decisions on the spot. For example, if a cashier gives me too much change, I can immediately make a decision to either return the money or keep it. Based on Kant’s, categorical imperative there are two criteria for determining moral right and wrong. First, there is universalizability, which states, “the person’s
Luke has been assigned a confidential project, by ABC, to build an adult entertainment retail store on a new plot of land. However, this project will result in lower property values for the residents in the surrounding neighborhood – which Luke’s brother, Owen, resides in. Owen tells Luke that he has received an offer to sell his house but debates whether or not to wait for a better offer in the near future1.
ABC Company has assigned Luke to work on a project that involves developing land that has (been) recently purchased (by the company) to build an adult entertainment retail store. Coincidentally, the land is located on the corner of the neighborhood when Luke’s brother Owen lives. However, Luke who is very close to Owen has recently told him that he is considering selling his house; but he hasn’t made any final decisions yet, as he is wondering if the real estate market will improve in a few years. Luke identifies that the property values for the surrounding neighborhood will decrease significantly, as soon as the plans are publicly announced (with)in a month.
Luke has been asked to work on a project that involves developing land recently bought by ABC to build an adult entertainment retail store. According to the plan, Luke’s brother, Owen, whom he is very close to, lives in the neighborhood that the adult entertainment retail store plan will be built. Luke knows that as soon as the plans for the store become public, the property value of the homes in Owen’s neighborhood are expected to decrease significantly. Luke is concerned about his confidentiality obligations to the company. Owen has openly expressed to Luke that he has thought about putting his home on the market for sale; this is concerning for Luke. He knows that Owen has received and acceptable offer for his home already, but wonders if the market for real estate in the area will increase in the next few years.
What are the relevant facts of the case? What facts are not known? Can I learn more about the situation? Do I know enough to make a decision?
Virtue ethics is a theory that focuses on character development and what virtues one should obtain to be who they are supposed to be, as oppose to actions. An example of virtue ethics would be someone who is patient, kind, loving, generous, temperance, courage and flourishing as oppose to a person who lies, cheats, and
Morals, values and ethics define who we are and what we believe. Culture, religion, and many other things affect our beliefs. One uses various types off ethics when surrounded by different groups. Knowing between right and wrong is a good foundation to practicing good ethics and morals. These things make morals, ethics, and values important in society.
Luke is an employee at ABC, and has been asked to work on a project that involves developing land that has been recently purchased to build an adult entertainment retail store. The land that ABC is purchasing is a plot of land located on the corner of the same neighborhood that Luke’s brother Owen lives in. The plans for the development of this land will remain private for one month. Once the plans are announced publicly, Luke knows that his brother’s property values will decrease significantly. Luke’s brother just received a modest offer on his home, but is thinking about declining the offer, as he has no reason to believe that the property value will not increase in the coming years.
Ethics, what is it and what does it mean? The laymen term for ethics is simply defined as “ doing what is right” but, what does that mean? The meaning of “ ethics” is open to interpretation. What is right for one person may not be viewed as being right to another. Ethics has been termed by scholars in different ways. Rule –based ethics is popular among public and private entities alike. Mid to low level employees feel they are protected from wrong or nefarious dealings, if they follow the organizations rules. Rule-based ethics extends outward to following the rules ones’ culture and religion as well. The problem with rule-based ethics is acting legally is not always acting ethically. For example, playing on people’s emotions for personal gain or treating subordinates as a disposable object is not illegal but it is not necessarily ethical. Value-based ethics is governed by the assumption that people have a core set of values that he or she live by. If a person’s behavior matches their values this can be construed as living ethically. Segregation exposes the fundamental flaw in value-based ethics. To use a segregated bathroom at one time was illegal, to make a stand and use a segregated bathroom anyways is viewed as ethical. Situational ethics is employed on a daily basis whether its utilization is a conciseness or not. This form of ethics is employed on a situation-to-situation basis. We as human beings are faced with a plethora of decisions everyday; some are identical but
The word “ethics” comes from Greek ethikas meaning character. Today, we use ethics to describe the normative standard of behavior. The history of philosophical ethics has been broken up into five rational methods: Virtue, Traditional, Modern, and Post-Modern Ethics. Within these periods, the philosophy of ethics changed along with the changes being made within society.
No two people are the same, and they will never be the same. Even twins have different ways of viewing things. This is the same for people ethical views, according the The Merriam-Websters Dictionary (2015) the definitions for ethics is “The rules of behavior based on ideas about what is morally good and bad.” Knowing what is morally right or wrong especially in the business world can help prevent scandals or corrupt business practices. But in today society, ethics can be blurred through situations and personal views, now it seems as though people aren’t even thinking about what is ethical but more so what can benefit them. Within recent months, news of FIFA allowing bribes to be accepted from certain people has managed to corrupted a billion dollar business and affected their corporation along with allowing the world to see their ethical views. In this paper I will be talking about whether or not this a topical of ethical views, is this a common situation with management and if it affected international business.