The Ethical And Management Issues

The purpose of this paper is to examine an ethical dilemma faced by a company who manufactures critical components for a pacemaker developer. The consequentialist ethical theory of utilitarianism will be used to evaluate the moral implications this company has in continuing further manufacturing for their pacemaker client. An overview of utilitarian ethics will be discussed, focused primarily around 17th century philosopher Jeremy Bentham’s ideas about ethics. His framework will be used to present factors that influence the transistor company’s business decision. Finally, the Utility Test and Common Good Test will be applied to the company’s predicament to help determine the correct ethical course of action for this

After the interview, Mark is faced with an additional ethical dilemma, the knowledge of other workers working in the plant under different names. Now, the human resource specialist must face, whether the plant should stop hiring temporary illegal workers and run into staffing problems, or continue hiring these workers and face legal allegations by breaking the law.

Ethics, in business, refers to moral principles and standards that define acceptable behavior in the world of business. Ethical decisions foster trust among individuals and in business relationships. Recognizing ethical issues is important in the workplace. An ethical issue is an identifiable problem requiring a person or organization to choose from among several actions that may be evaluated as ethical or unethical. When you’re determining is a situation is ethical or not, there are three factors to take into consideration. Individual factors, organizational factors, and opportunity. Individual factors are sets of principles that describe what a person believes are the right way to behave. Organizational factors include the influence of managers, coworkers, and the work group. Opportunity is a set of conditions that punish unfavorable behavior or reward favorable behavior. “Target thrives on competing to win in the marketplace. We compete and negotiate actively, but always with integrity. Taking advantage of anyone by manipulating or concealing

Employers should not treat their employees as a potential criminal. At the end of the book, it said, “Stop treating working people as potential criminals and let them have the right to organize for better wages and working conditions.” (238). When Barbara worked at Key West, Florida, the employer said they heard

To highlight this, I will look at more specifically at capitalist organisation ANZ and cooperative Mondragon Cooperative Corporation and how they deal with the potential ethical dilemmas of fair wages for employees and executive remuneration.

In “Cheating in a Bottom Line Economy,” author David Callahan explains the fundamental reasons for the decay of simple business ethics in today’s economy in order to meet bottom line standards. Callahan draws conclusions from everyday businesses such as auto mechanic services, law offices, and even professional medical firms to prove that people will almost always choose financial stability over integrity. The economic life in America has transformed itself into a vast land of professionals focused on achieving “lean and mean” businesses in efforts to achieve the “American Dream,” but in essence lose sense of their morals.

As long as a labor force has been in America, changes have been made to determine the most productive sense of business without affecting its negligence of working conditions. Records of dangerous or fatal activities, along with a substantial amount of shameful business conditions, have been noted before during the Gilded Age and the Progressive Era. It has sadly emerged into a darker form of punishment that has scourged the workforce within most extreme productions of goods. Although there can be many bad things said about working conditions within minimum wage jobs, some families are reduced to working illegal jobs for poor wages under the administration of corrupt supervisors, and the products they collect are sold by massive corporations. Rose Schneiderman, once an employee at the Triangle Shirtwaist Factory was quoted saying “… the life of men and women is so cheap and property is so sacred! There are so many of us for one job, it matters little if 140-odd are burned to death.” Her account has stayed true for over a century since the words left her lips.

1. Discuss an ethical dilemma that you have had to face in the workplace. Ethical dilemmas

There should be no monopoly in matters to do with ethical challenges in companies. These challenges affect all kinds of organizations, be it governmental, for-profit or non-profit. Some of these challenges can end in illegal defilements or civil liability for misrepresentation, fraud and misappropriation of properties. Other common ethical difficulties consist of actions that include conflict of interest, inadequate accountability and transparency, or misallocation of resources (Rhode and Amanda 28-35).

2. Ethical Issues in Business. It seems that every day in the news we are hearing of new company that has acted at least unethically and possibly illegally in the operation and financial reporting of their company's business dealings. There are many ethical issues in business. One major issue that we see is over and under reporting net income. Companies like to show that every quarter the net income of the business has an increase or profit. In order to show this they adopt unethical or illegal means in the operation and financial reporting. One such method is the indiscriminate use of stock options for employees that enable companies to take employment costs off balance sheet and inflate earnings. With the recent ethical issues we have

Personal values may conflict with ethical decision making if those personal values are different than the organizational norms of the business or institution. Constructing, and maintaining personal ethics in the workplace rests with the individual, and how willing he or she is in assimilating to the evolving cultural dynamic of the corporate world. Many times a person find their personal, cultural and/or organizational ethics conflicting and must reconcile a course of action that will mitigate cognitive dissonance. In order to be a productive member of society, in small groups and globally, one must reconcile these conflicts on a daily basis and continually move forward while maintaining personal integrity and

Traits associated to a psychopath include irresponsibility, manipulation, grandioseness, lack of empathy, asocial tendencies, inability to feel remorse, refusal to take responsibility for one's actions and superficial relations with others. Modern day corporations display every one of the previously listed characteristics. Is it right that an institution, whose power now rivals that of the State that once created it to seek the better welfare of its citizens, display the psychological traits of a dangerous personality disorder? Many say no: there is a rising discomfort with the corporation and its pervasion into every sphere of human life and it is this uneasiness that has prompted many academics to further study the corporation and its

“We have always known that heedless self-interest was bad morals; We know now that it is also bad economics”

This paper intends to define operations management and analyze an ethics decision made by operations managers in the workplace or in a known organization.

Substandard working conditions in the less developed world are usually described as terrible places where employees are subjected to both mental and physical abuse, near impossible quotas, long hours, extremely low wages, and unsafe working conditions compared to western standards. All of this within an uninhabitable environment that corporations knowingly force the world’s impoverished people to submit to. Through pure ignorance, complete disregard, or lack of moral direction, many corporations have taken the concept of