Personal values and the market Essay

The author Robert Solomon argues that ethics has to an integral part with regard to business management. He does not believe that business management must include unethical or illegal methods to be able to succeed. Solomon preaches that business management is not as simple as obtaining revenue. “Businesses need to abide by fair policies and their owners have to be ethical in dealing with their customers” (Shaw p. 37). The author acknowledges that while illegal practices in business management could bring positive results at first, eventually the business is bound to fail. This is why Solomon recommended eight important policies that can help businesses in integrating ethics into their operations.

The market revolution in the United States brought a sudden change in the manual labor system originating in south and digressed to the north and later spread to the entire world. The integral part of the economic growth in the United States in the nineteenth century was a good thing that brought change in the market. In respect to the change, America took its first major step in creating the world’s most stable and strongest economy, which gave room for growth among the citizens.

The antebellum era held many beneficial innovations for the United States. The Market Revolution led to improvements in both travel and technology that guided America to become a more productive nation. More opportunities became available to all Americans which led to growth and prosperity of the people. The Market Revolution was beneficial to America in every way possible.

This will be an over view of ethics as it relates to business in our society. Concepts from Philosophy will seek to describe the correlation between actions that are classified as morally right or ethical in our dealings with each other as human beings. Clear and concise examples will be given as well as ways in which to improve upon business ethics.

My personal beliefs and values are on par with the present health care policy in the United States (U.S.). I value and believe in compassion, empathy and respect. People have the right to access basic medical care when they are sick. So, there should be universal healthcare for the people at a cost that is affordable to them. The health care charge must be on the basis of income with a cap. The people who are under the poverty line should receive health care at free of cost. As the income level increases, there should be a reasonable increase in the cost. I have learned and believe in trying to save all lives, using the necessary resources. All lives are valuable to me. Nursing, being the care of people sick or well in all settings values the concepts of promotion of health, prevention of illness, caring the ill, disabled and the dying. Hence, the nurses believe in advocacy, promotion of a safe environment, research and health policy-making (International Council of Nurses [ICN], 2015).

Ethics are values and principles that individuals use to govern his decisions and activities. Ethics are about moral judgment of an individual about right and wrong. In an organization, code of ethics refers to set of guiding principles and organizations use these principles in their policies, programs, and decisions for business. Within organizations, decisions are taken by groups or individuals and these decisions are influenced by the culture of the company. Decision making and relevance of ethics may also differ for nonprofit and for profit organizations. In contemporary business environment, organizations must have a clear ethical policy and implement it in proper manner. There are many social, legal and economic outcomes that company has to face in case of any ethical dilemma, so there must be a smart strategy to deal with ethical dilemmas. In this paper, we will address the ethics for nonprofit and profits organizations, ethical dilemmas being faced or faced by each of these companies and the outcomes of these ethical dilemmas. Critique of actions of each of these companies will be provided from the point of view of applicable philosophical theories of organizational ethics.

The purpose of this paper is to identify my personal values in order to determine how my values align with the values of KFF and how this alignment would affect my performance as a manager at KFF.

William Deresiewicz claims that in the neoliberalism world we live in today, the market mentality drives students to attend universities for a commercial purpose of ultimately striving for higher paying careers, opposed to going to school to learn and think in open ended ways. Deresiewicz believes “college is seldom about thinking or learning anymore” (29) because “elite American universities no longer provide their students with a real education, one that addresses them as complete human beings rather than as future specialists” (26). This article describes how students are most interested in practicing the majors that correspond with the highest salary jobs; Deresiewicz advocates “the most popular majors are the practical, or, as Brooks might say, the commercial ones: economics, biology, engineering, and computer science” (27). In today’s world, parents invest in college with hopes to make a larger investment back due to that fact that an individual’s worth in society is based on their wealth. Deresiewicz conveys that majority of the students will study a “practical” career because those fields have more available, higher paying jobs. Students no longer attend college to question and reflect on the world, but rather to rise on the social ladder; “it is not the humanities per say that are under attack. It is learning: learning for its own sake, curiosity for its own sake, ideas for their own sake” (27). Deresiewicz then advocates that student’s intentions for participating

Business ethics is a vital element to the growth and success of any business. To be ethical means to have a system of moral principles. Ethics alone is a branch of philosophy dealing with values relating to human conduct, with respect to the rightness and wrongness of certain actions and to the goodness and badness of the motives and ends of such actions. To have business ethics you would take the meaning of ethics and apply it to the things that go on it the work place. We are going to take

Business Ethics is a set of moral principles applied in the commercial world. Business ethics provide guidelines for acceptable behavior by organizations in both their strategy formulation and day-to-day operations. An ethical approach is becoming necessary both for corporate success and a positive corporate image. Following pressure from

I was born in the late 1950s and spent my childhood in the 1960s and teen years in the 1970s. My upbringing was shaped very much, by how I was taught and raised. My parents were both members of a conservative religious organization and so with that said I learned this way of thought. We were raised to believe that the 10 commandments were the basis of all things right and wrong, that if we followed them our lives would be as God wanted. Not to mention our parents! As a child, we first believe all that our parents teach us. They are like God to us and must be right no questions asked. I had by then

(Abeng, 1997) supports the idea that in this world everyone has a set of ethics that they believe in a follow. Leading the business successfully is a complex matter as it involves various life cycle which may sometimes lead the business even to fail. There is no second thought that business that every business has been introduced in the society to earn profit and serve its society in each and every possible way. In the world of business, there are many people who extremely value their religious belief and follow them in each and every possible way. They too have a strong believe that if business is done with a pure heart without any selfishness then things will automatically be easy. There is no doubt that the culture or ethics followed by the business reflects the kind of work the business is doing. As,

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.

The author Carr Albert in his writing” Is business bluffing ethical” compare business behavior to poker game as the smarter person who will win the game use all his abilities, steady skill and techniques for the victory in the game. According to him “the standards of right and wrong differ from the prevailing traditions of morality in our society “because business ethics differ from moral ethics. As an example to his idea, he describes the lawyer job which is not consider following the ethics rules. Indeed playing “moral ethics” in business is a loss of opportunities against the competitors because every companies will try to gain the maximum market place in order to stay in the competition. Sometimes, you have to use others methods which

In the article “Doing well by doing good”, the words ‘business” and “ethics” has been pointed out that they can’t come together. Companies wondered where do ethics go and it has been widely wrath despite being taught in school. Ethics has been the custom yet uncertain. There are protesters in Washington, DC who were criticizing the immorality of a company including the IMF. Most people reacted that companies shouldn’t be in the business ethics at one’s convenience but should be concerned of their social responsibilities, morals and environment. The leader of market economics, Milton Friedman, stated that to increase the profits, the company has to use its resources and has to engage in activities.