Journal of Accounting, Ethics & Public Policy
Volume 3, Number 1 (Winter 2003), pp. 1‐26
Ayn Rand and Contemporary Business Ethics Stephen R. C. Hicks
Introduction: business and the free society
Advocates of the free society think of business as an integral part of the dynamic, progressive society they advocate. In the West, the rise of a culture hospitable to business has unleashed incalculable productive energies.
Business professionals have taken the products of science and revolutionized the fields of agriculture, transportation, and medicine.
Business professionals have taken the products of art and dramatically increased our access to them. We have more food, we are more mobile, we have more health care, we have
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Business exists and flourishes to the extent individuals in the business world are productive and cooperative, so the major part of business ethics should be about what principles enable individuals to function productively and cooperatively. But because of the problems that can be created by irresponsible, irrational, and uncooperative individuals, part of business ethics deals with how productive individuals should solve the problems caused by the irresponsible.
This thesis, however, implies a recasting of current business ethics, since the currently dominant models hold the reverse—that business is, in principle, amoral or immoral, and that ethical behavior is the exception.
My thesis is that the core of business is moral just as the core of any valid profession is moral: education, science, art. The profession of education creates value: the transmission of knowledge from one generation to theJournal of Accounting, Ethics & Public Policy
Volume 3, Number 1 (Winter 2003) 3 next. The profession of science creates value: the discovery of new knowledge. The profession of art creates value: objects that express and evoke important human themes. In each profession, some individuals act unethically. But such individuals are quite rightly not taken as representative of the nature of education, science, art.
Business, however, is placed by most ethicists in a special, problematic category. In doing so, most
Ayn Rand was truly a remarkable woman and accomplished an astonishing feat throughout her career and her philosophy continues to affect many people’s lives. Through her works of fiction and her essays later in her life she discovered a whole new philosophy, a philosophy for living on earth. This vision has inspired countless people to take charge of their own lives.
What does Professionalism mean to me? Professionalism in my term means it is someone who is very dedicated to their profession. It is an important and great decision to follow by the rules and ethics of professionalism. If we did not have anyone that cared about their profession it would cause a lot of problems in our society today. It could cause a lot of disruption in your workplace. In order to abide by professionalism you must take pride in your job, percieve realistic goals and values, and know what your expectations are.
being selfish, overbearing or taking credit for someone else’s work. It also shows customers and business relationships/partners
Ayn Rand is also very impassioned in her response to the moon landing, The July 16, 1969, Launch: A Symbol of Man’s Greatness. She uses the events of July 16, 1969 to serve her own purpose, to further the philosophy of objectivism. Objectivism, according to the Language of Composition, “values individualism, freedom, and reason” (33). These themes are very apparent in her commentary. Rather than seeing a rocket launch as a government endeavor, with many people working hard toward a common goal, she sees it as “the concretized abstraction of man’s greatness.” She sees the human race as a singular being, and nature as something to be contained, and conquered successfully. The moon landing is evidence of man’s superiority,
Ayn Rand’s ideology centralizes on the idea that total human individuality is absolute and is obtained only by means of reason, self-esteem, and total worship of virtues. Atlas Shrugged ideal hero, John Galt, is the major example of objectivism and its complex layers. John Galt is the symbol of no guilt, no fear, no submission, and no doubt in the value of the mind. Henceforth, John Galt is the reality that lies behind any human; the use of reason and self-interest as the motor for the improvement of the world; and, in consequence, the natural right to live by the power of thinking.
Shaw, William H., and Vincent E. Barry. Moral issues in business. 12th ed. Belmont, CA: Wadsworth Cengage Learning, 2013. Print.
After review the table l decided not to disclose any information because the harm was more than benefit. Based on the information provided the percentage of infection is very small. The side effective of action is more harmful because the company might close down and coworker will lose job, so many lawsuits in court from previous patients, I will not be able to support my family because l won’t have a job.
Several organizations face ethical dilemmas and professional challenges on a daily basis. Assistance on how to correctly approach the issue can be found in a company’s code of ethics. A code of ethics is a written set of guidelines and protocols issued by an organization to its workers and management to help them conduct their actions in accordance with its primary values and moral standards. It aids to create a unified understanding of the boundaries within an organization and the standards set for interrelating with clients and customers alike. A code of ethics is essential for all companies and business establishments, and the American Counseling Association (ACA) and the American School Counselor Association is no exception. It is necessary to follow the ACA code of ethics or any company for that matter to avoid the myriad of law suits that would be filed daily. After reviewing the ACA code of ethics, I was able to relate to some of their guidelines.
While each business has a unique culture, environment, and business structure leading to the success of the company, there is always an ethical way of conducting business. We live in a domain where change is the only constant; new businesses are being created, businesses are expanding, growing in monetary value and stakeholder integration, and currently lead the success of a thriving economy. The businesses that stand apart from competitors
In the book of "The Art of Nonfiction (2001)" composed by Ayn Rand, she gives the bearings and rules to compose and comprehend a topic for an understudy to perform well furthermore demonstrates the different methods for sorting out the subject.
When looking at the IMA Statement of Ethical Professional Practice, there were some steps that Betty Vinson could have taken to avoid any of the punishments that were given to her. Before following any of the IMA’s recommended actions of recourse, Vinson should have referred to WorldCom’s recognized policies on ethical behavior and follow the actions that they have written and approved to take. If WorldCom’s executives still were demanding her to falsify the journal entries after following her company’s policy, then the IMA would state that she should have discussed the issue with your immediate supervisor or the next level of management if her supervisor was involved in the unethical activity. One important thing to note with this, however, is that “Contact with levels above the immediate superior should be initiated only with your superior’s knowledge, assuming he or she is not involved (Institute of Management Accountants, 2005).
When thinking of the justice system ethical and professional practices are greatly enforced. There is a code of conduct that criminal justice practitioners are expected to adhere to.
Ethics among consulting professionals has received increasing amounts of attention. Ethics can be described as norms and standards being adopted to guide individual decision-making from the perspective of morality which lead to various individual actions and behaviors (Harrison, 1982). Professional ethics are being standardized and regulated by formulating code of conducts in consulting firms to make consultants aware of it. However, as the typical representative of professionals, because of the pressure from their own firms and their mediator role between firm and client, consultants are often stuck in uncertain, sensitive and ambiguous dilemmas (Redekop & Heath, 2007, p47). This makes the consultants suffered more from severe criticism regarding their ethics, especially ethics about their expertise. Consultants are often described by media and academic disclosure as ‘charlatans’ (Abrahamson, 1996) and ‘expert without expertise’ (Bouwmeester & Stiekeman, 2015).
Iwill be analyzing Case Study 2.3 from unit two in the study guide. The professional ethics issue in this case is: “Whether the doctor should lie to the family regarding the father’s ability to donate a kidney and begin a search for a cadaver kidney?” This is an important and controversial question, which is discussed in this essay. There are two possible answers, “yes” and “no” to this question asked, and each side is analysed. I will discuss both possible outcomes to the professional ethics question posed above.
Legal practitioners are subject to among the highest standards of professional ethics seen in any career due to the often sensitive work they are involved in and also on a more principled and perhaps idealistic level as lawyers are the individuals who hold the responsibility of representing the law to society. Both solicitors and barristers must adhere to their own set of professional conduct rules for otherwise the prospect of legal, professional, or perhaps even personal ramifications exists. The individuals and boards who enforce these rules do so with the upmost gravity in order to preserve the integrity of the legal profession, however despite this lawyers have become regarded as one of the most distrusted groups in society and have become synonymous with unscrupulousness and greed even though they are subject to such stringent regulations. Such distrust could be described as irrational fear mongering but as numerous sets of studies and statistics have shown, lawyers indeed violate their professional conduct rules far more often than other professions subject to similar terms of employment.