The Ethical Dilemma Of Business Ethics

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.

Three general principles will guide the move towards sustainability. Firms and industries must become more efficient in using natural resources; they should model their entire production process on biological processes; and they should emphasize the production of services rather than products. Versions of the first principle, sometimes called eco- efficiency, have long been a part of the environmental movement. "Doing more with less" has

Ethics concern an individual’s moral judgment about right and wrong. Most decisions in an organization are made by individuals or groups that influence the culture of the company. Several factors determine the success of a company other than the scope of financial statements. No matter the size, industry or level of profitability, business ethics are the most important aspects of success. Being ethical is an individual decision; employees and management must comply with the local, national and international laws when operating to avoid potential fines. They should decide what they think is the right course of action to take. This may involve rejecting the route that would lead to the biggest short-term profit.

Section two of chapter 6 covers teamwork in a corporate setting, as well as employer and employee rights. To promote the morally responsible actions of employees, corporations need to promote an ethical work climate. Four main tenants of an ethical workplace are presented. The first is that both employees and managers acknowledge ethical values, and that responsibilities to stockholders, customers, and other stakeholders are kept. The second tenant is the use of ethical language in corporate dialog, such as introducing a code of ethics. Third, managers need to set a moral tone in actions and words, and through examples and personal behavior. Finally, companies should have a conflict resolution procedure.

This case study was a powerful example to illustrate the presence of ethics within the

Globally, Wal-Mart is the second largest revenue generating company. It is surprising to see so many discriminating issues within the company. Women working for the company are consistently treated unfairly, yet other issues exist. It is as if Wal-Mart has fallen into the negative economic routine. The company is guilty of everyday social discrimination; gender discrimination is just one main focus of our discussion. The affects of gender discrimination affect how women are treated, their income, and company policies.

This case presents an ethical dilemma that many people in the business world face every single day. I am being asked to deceive the company’s major competitor to gain advantage over them in their production of a new, high quality fax machine. I understand that this trickery is wrong, but still need a paying job to support myself. I am torn between staying true to my moral beliefs and doing what’s right for the business.

For some reason, some managers and entrepreneurs seem to think that taking the ethical route in the business world is a bad way to go because a person cannot be successful in such a “cut throat” profession. Whoever came up with the idea that this is true is lying to themselves. There are many successful companies in the world that are taking the ethical way but there are still many businesses that do not do this. Ethical behavior in the marketplace is hugely important because if a company gives off the right and meaningful message, people will put their focus towards that company and their products, because they will see that the company is there for the right moral reasons.

Today businesses are faced with challenges, one in particular is diversification. Diversification according to John Jefferson and his associates (2009) is a form of growth, and the marketing strategy of a company, which seeks to increase profitability through greater sales volume obtained from new products and new markets. Interesting Jefferson (2009) also, states, diversification can occur either at the business unit or corporate level. Which bring s me to my point on diversity in business ethics. Richard Daft (2015) believes that global diversity in the United States, “the domestic population is changing dramatically” (p.11). Whereas, Daft (20015) points out, diversity is no longer just about, sales volume, a marketing strategy, but innovation from a diversified group of people. However, in the early stages of corporate structure people diversification was not part of the equation.

Monsanto is a world renowned organization dealing in agriculture products. The seeds produced by the business are genetically modified. The genetically modified agricultural seeds and products are under strict criticism by various environmental, agricultural, and social groups. The non-governmental organizations are also vocal about the issues raised due to cultivation of genetically modified crops as well as the consumers of the vegetables and fruits that are produced through these seeds. There are various pros and cons of using genetically modified crops. These pros and cons create a balancing mix of advantages for the human beings as well as the disadvantages for nature and human species. The discussion below is focused to provide understanding if the issue mentioned above.

The Potential and Limitation of Teamwork Ethics as a Success Factor in the Business World

1. The Sales Rep. A sales representative for a struggling computer supply firm has a chance to close a multimillion-dollar deal for an office system to be installed over a two-year period. The machines for the first delivery are in the company’s warehouse, but the remainder would have to be ordered from the manufacturer. Because the manufacturer is having difficulty meeting the heavy demand for the popular model, the sales representative is not sure that the subsequent deliveries can be made on time. Any delay in converting to the new system would be costly to the customer; however, the blame could be placed on the manufacturer. Should the sales representative close the deal without advising the customer

Many businesses, such as Company Q, are faced with ethical decisions every day. And many of these ethical situations can conflict with the overall profit margin of a company. In three distinct area Company Q has made ethical choices, electing to put the company first, and its customers and community second. In our scenario Company Q has made three ethical decisions that have directly affected the company, employees with the company, the community in which Company Q does business, and to the needy people that count on companies such as Company Q.

During this short summer class, I have understood more than I ever could have done before. Not only because the study of ethics is crucial, but also because being socially responsible is part of being ethical. Among the most important assignments required from this course are: Journals, discussion boards, social project, and the lectures. However, the first group collaboration was our own code of ethics; from there, students were required to follow it as part of the course.

1. The Sales Rep. A sales representative for a struggling computer supply firm has a chance to close a multimillion-dollar deal for an office system to be installed over a two-year period. The machines for the first delivery are in the company’s warehouse, but the remainder would have to be ordered from the manufacturer. Because the manufacturer is having difficulty meeting the heavy demand for the popular model, the sales representative is not sure that the subsequent deliveries can be made on time. Any delay in converting to the new system would be costly to the customer; however, the blame could be placed on the manufacturer. Should the sales representative close the deal without advising the customer