Ethics Paper
MGT 498
October 24, 2012
Ethics Paper The role of ethics and social responsibility aids organizations in developing a strong strategic plan, while addressing the needs of stakeholders. Ethics and social responsibility require social awareness to address the needs of the environment and to increase the knowledge of employees, which will lead to a corporation focused on supplying the customer with what is needed, managers equipped with solid decision-making abilities, and employees who believe that he or she are an asset to the business. It is the executive manager’s responsibility to establish a clear vision for the corporation and place a specific focus on understanding stakeholder’s needs. In an effort to support
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Business planning is a strategic part of formation; contractual agreements are another important factor of communication so that each member has the same understanding of the commitment that he or she has made. Each individual has to be dedicated and responsible to the outcome of the entity no matter how big or small the business; responsibility, and knowledge are the foundation to start a business. The fall of the housing market is an example of how business ethics can change the environment. Mortgage lenders were approving individuals and families for loans that he or she could not afford. The lender would make a commission off of the loan and most banks were aware that over half of the loans begin approved were bad loans. Ethically this is not right, the lenders were deceiving the borrowers leading them to believe that the home was affordable and within his or her price range. Another corporation that operated unethically was Ford Motor Company with the production of the Ford Pinto. To compete with international competition and achieve Lee’s goal of producing the Pinto within a small time frame led to designing and manufacturing flaws. This resulted in a fuel tank design that would put the Pinto in a combustible situation should rear end accidents penetrate the poorly designed fuel tank. Realizing the design malfunction and deciding how to fix the fuel tank
On the other hand although their similarities are close knit; they each have a distinct difference depending on the individual. For instance, recently the complex next door caught fire due to bad wiring. The company put all the tenants up for the weekend because they believed that this is what they ought to do. After the weekend the tenants were told that the situation had been turned over to their insurance company and it was out of their hands. The tenants believe that the company should hold their self-responsible and accommodate them much more.
In chapter 2 of the Ethics Primer Svara discusses many important ideas. Some of these included the importance of people who work for the government doing their civic duty , 3 types of ethical reasonings brought up by a student, and Lawrence Kholbergs model of moral judgement. In the book Svara brings up how people in certain roles have a job to do. They must meet the expectations expected of them or they aren’t serving the public in a full capacity. As you read on the 3 types of ethical reasonings are discussed. They are virtue, principle, and to be a public employee. This student I feel has a pretty spot on idea of how people should act. Honesty and following the law are just things ethically sound people should be doing. It doesn't take a genious to understand right from wrong. Finally a major point of the chapter discussed Lawrence Kohlberg and his model of moral judgement. “Lawrence kholberg (1981) offers a model of moral judgement to help understand how the capacity for ethical reasoning develops and explains the motives for acting at different stages of development”.(23) More specifically he gives the six stages of maturity children go through. These being punishment and obedience, instrumental relativist, good boy;nice girl, society maintaining/law and order, social contract, universal ethical
like manner build an affiliation's certainty by showing to others that a specialist of the
American Psychological Association. Publication manual of the American Psychological Association (2015). Washington, DC: American Psychological Association
Many believe that business entities should have an ethical duty to be socially responsible, to work towards increasing its positive effects on society while decreasing its negative effects. Many organizations look for opportunities to be socially responsible while also creating shareholder wealth.
“Business ethics is the application of general ethical ideas to business behavior” (Lawrence & Weber, 2017, p. 94), and it’s through these ideas that good, bad, moral, and immoral decisions are made based on the foundation and framework of how we view life.
Is pleasing the customers, and telling them what they might want to hear, more important than being honest with them? When clients ask the company for reports, their main interest should be to get a thorough and comprehensive analysis. If they were only looking for a confirmation of what they wanted to hear, they should not need the research.
Hank is shown to believe that at points it concerning him whether to do the right thing/wrong thing, responsibility of his actions towards the start of finding the money. At certain times he can be self-centred, superior and inferiority
Privacy Act 1988’s purpose is to standardize how personal information is collected, stored, used, disclosed and how this information is accessed. There’s 13 Australian Privacy Principals that relate to Government and Private sectors handling information. Stipulations for credit reporting, and health and medical research professions accessing and managing information when unable to seek consent.
Our Code of Ethics Program is designed to uphold the interests of every stakeholder of Given Company. Our mission is to uphold a high level of integrity by maintaining high company standards, values and principles to ensure the company meets its mission of being a good corporate citizen who is socially responsible. Our program provides effective guidance for daily decision making for all levels of personnel in an effort to establish and promote long-term relationships within Given Company and with our customers and community. The overall goal of the program is to be diligent in establishing a culture
• Explain the role of ethics and social responsibility in developing a strategic plan, considering stakeholder needs.
Ethics is important to everyone for the society as a whole. Whether it is in a person’s professional career or personal life, ethics and morals play an important role. The key to an organization’s success is the way they handle business ethically. Although it is not always simple to do the right thing, it is something that must be done. Conducting an Ethics Awareness Inventory is a way someone can learn how they as individuals see ethics; what is important to them the most, and what is important to them the least. I completed this inventory, and will discuss how it relates to my
There are a variety of different ethical systems that have developed of the course of millennia. However, even though the subject has been covered so thoroughly, it is still heavily debated. The varieties of ethical systems that are in existence look at various ethical problems from different perspectives and can be applied differently in different circumstances. Because of the subjective aspects to applying ethics, they can be as much an art as they are a science. Ethics are something that must be practiced and really cannot be perfected. In this way, studying ethics is a continual process that does not really stop. This paper will argue that ethics are the most important subject that an individual can pursue.
Management constitute amongst major components of a company, organization or a business. As such, management oversees employees interactions with their supervisors and also control of people within a particular organization. Also, it includes critical and ethical decision-making process so as to address various ethical dilemmas experienced by employees while undertaking their respective assigned duties within the company. Ethical dilemmas are hereby to stay as issues usually arise now and then and place a variety of options that bear different repercussions. Therefore, it calls for ethical and critical decision-making skills so as to make the most appropriate option that bears more benefits in comparison to other options presented. While making ethical decisions, it 's substantially important to play heed to a certain ethical decision-making theory. This would enable an individual making the decision to ripe best possible consequences rather than living to regret. Moreover, ethical decision making is typically important in business as making a wrong decision may result not only in huge losses but also poor relationship amongst colleagues and miserable life for employee(s) working in a particular company or business in question.
Ethics ensure that a company achieves its mission, vision, goals, and objectives in such a manner that they give a company a sense of direction and framework. Ethics ensure guidelines are creating that bind the entire organization into one common thread, govern the action of the organizational employees, and avoid deviation from the desired strategic path. Five ways a company can ensure ethics is including in their strategic planning are