Samsung: Ethical Issues In The Case Of Samsung

What is ethics? According to Velasquez et al (2010), “ethics is a well-founded standard of right and wrong that prescribe what humans ought to do, usually in terms of rights, obligations,

Ethics, sometimes also known as moral philosophy, is basically not any legal rules but only a moral obligation or concept to define what is wrong or right. It deals with the value related to human behaviour with respect to the rightness and wrongness of certain actions.

Samsung started its business as Fishing Company in 1943 from South Korea. Now, it is one of the tech giant and it has a rich history. Though, the Samsung is a brand name, it has multiple business under the name of Samsung, the technology part of the company is controlled by Samsung Electronics. It produces it tech products in Vietnam whereas all other administrative and creative work in done in

Samsung is a multinational conglomerate from South Korea and its headquarters are suited in Seoul, Samsung town. Samsung Group is composed of many affiliated businesses, which come together due to the Samsung brand. Samsung Electronics is one of the prominent industrial affiliates of Samsung and it is ranked 5th in the market value. It is also the second largest IT Company globally as ranked by 2015 revenues (Bui & Tran, 2017). There are other affiliates such as Samsung C&T and Samsung Engineering that deal with construction and Samsung Heavy Industries for shipbuilding.

As the Samsung was started by Byung-Chull Lee in 1938 as an export/import company. It started its step in technology from 1970 building a black and white television (model: - P3202) started by Samsung-Sanyo. After the establishment and first step in the technology, Samsung built first ever 3D – TFT LCD screen in 1999. And in 2010, a huge fight against Apple made the company skyrocket.

Ethics, as defined in the dictionary, are moral principles that help govern a persons behaviour or the conducting of an activity. Ethics must be taken into consideration when forming a decision towards major and minor issues in our society.

Ethics is the branch of philosophy concerned with the intent, means, and consequences of moral behavior. It is the study of judgments and right and wrong conduct. (TAOL p.94)

What does Ethics mean? While there are many different meanings for ethics, one main meaning is, realistic assessments about the world that inform upon the grounding of normativity. Ethics focuses on the “right” and the “wrong.” Altruism theory is defined as a person acting from the motivation of principle or duty rather than from the motivation of any personal advantage

Ethics are the “standards of conduct that indicate how one should behave based on moral duties and virtues.”

It comprises many affiliated businesses and is one of the South Korean biggest companies. Samsung was created by Lee Byung-Chul in 1938. The company expanded into areas like food processing, insurance, textiles, securities, and retail. Samsung is been in the electronics industry since 1960, which was when the company started to grow.

Ethical issues affect all businesses, if a particular business is becoming a victim of bad ethical problems it could close down because the public

Ethics, also known as moral philosophy, is a branch of philosophy that involves concepts of right and wrong conduct. As a branch of philosophy, it explores what actions are right or wrong in particular circumstances? In practice, ethics seeks to resolve questions of human morality by defining concepts such as good and evil, right and wrong, justice and crime. Richard William Paul and Linda Elder define ethics as a "set of concepts and principles that guide us in determining what behavior helps or harms sentient creatures"(Ethical Reasoning). Ethics and morality are commonly used in place of each other and sometimes used more narrowly to mean the moral principles of a certain tradition, group or individual.

Ethics can be described as being a concept or principle that describes human behavior. The meaning of ethic’s is hard to define; people have their own thoughts about what ethics is about. The word ethics often times is a link with law or religion. Both of these have more to do with society standards than one’s own behavior. Ethics is based on grounded values of right and wrong that advise what people should do. Moreover, you can relate ethics to fairness or specific virtues. Ethics can also be designated as values that impose the rational responsibilities to refrain from harming, stealing or killing. Ethics is the study of universal values that consist of equality, natural rights, obedience with the concern of health and safety. Additionally, ethics is a study of one’s own standards with the development of one’s own values and moral beliefs. Ethic’s means unremitting struggle of

A dictionary definition of ethics is: “A set of principles of right conduct, a theory or a system of moral values, the rules or standards governing the conduct of a person or members of a profession.” The American Heritage College Dictionary, Fourth Ed, Houghton-Mifflin, Boston, pp. 480. (Houghton, 2015)

Ethics or morals are rules for distinguish between right and wrong, a code of professional conduct that distinguish between acceptable and unacceptable behaviour. Most of our societies also have legal rules that govern behaviour but ethical norms tend to be border and more informal that laws .An action may be legal but unethical