The Ethics Of Business Ethics Essay

2. Laws must be static and unyielding in order to provide stability for a society.

closing the stores they could have done community outreach or service projects to help lower the rate of crime. They could have led the establishment of a neighborhood crime watch. They could have set up a mentorship program for teens at risk. There are a multitude of programs they could have implemented, some could probably have been used as a tax write off. If all of these efforts failed then I understand closing the stores. If they had to close the stores they should have made every effort to be sure that the displaced employees were able to find a job in another store or assisted them in being placed in another job. They also need to make every attempt to keep the building they were using occupied or cleaned up until it is occupied. How do these actions contribute to being socially responsible? It shows they care about their community, that even though they may have to shut down a store, they still

Ethics and moral obligations are issues we all encounter at one time or another. In the professional setting, all people should act in a manner that would uphold the good of society. To be ethical, one has to determine their obligations, moral ideas, and moral philosophy (Boatright, p. 19, 2009). The case analysis involving Jacob Franklin was a perfect example of how an individual can face the dilemma of doing what is right or wrong. Businesses have their own code of ethics, and the employees within the business have to determine whether or not they will follow the company’s code of conduct. I will discuss several ethical issues in the case analysis including; failure to report information, remaining silent regarding faulty equipment,

What is principle of justice in acquisition? Our book gives us an analogy concerning basketball player, Wilt Chamberlain that was used by Nozick. The idea

Deontology is an ethical position that examines the morality of an action based on the action’s adherence to rule or rules. Many times is described as obligation or rule based ethics (Alexander). Therefore, the only actions that are considered moral are those that are performed solely for one’s duty to the moral law rather than one’s desire. Deontology is the school of thought that Kant comes from. Immanuel Kant was a critical figure in philosophy in the modern age. His work was the foundation of the most famous form of Deontology.

an action can't be right if the people who are made happy by it are outnumbered by the people who are made unhappy by it.

The concept of business ethics has tried to change the way businesses operate over the years. Business ethics is a form of ethics that governs the actions of businesses to circumvent the affects business has on every day society. But some question its effectiveness in the application of capitalism. Several case studies have shown that this is the case; many companies place the pursuit of money in front of the pursuit of virtue. Although, the majority of companies are not in the spotlight of acting unethically, can we conclude that they follow the ethical norms? It is natural for normal human beings to act ethical but businesses are on a completely different playing field. But could business ethics be clearly possible in capitalism?

Deontological ethics or deontology is the normative ethical position that judges the morality of an action based on the action's adherence to a rule or rules. In this terminology action is more important than the consequences. Even if the outcome appears to be beneficial, the immoral purposes or actions cannot be

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

The notion of ethics deals with people’s behaviors within a company. Social responsibility involves a company’s moral obligations and the manner in which the organization makes its decisions. Although ethics and social responsibility are similar on a conceptual basis, each has its own unique characteristics that express their differences and its independence of the other. Ethics and social responsibility have to be present and coincide with one another for a business to be ethically sound.

On the other hand, teleological systems state that the "end result produced by an action" (Rae, 2000, p. 17) significantly affect the ethical decision making of a person. Relativism meanwhile the ethical development of an individual is directly related to what the culture of the society he belongs to believe as right or wrong, and the person's preferences. An individual's preferences are affected by six pillars of character as identified by the Josephson Institute (2010) which are claimed to be apolitical, not based on religion or culture.

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

Deontology as promoted by Kant on the other hand denies that the right action is the one that produces the best consequences. It is based on a set of moral rules, and the right action is supposed to be the one that conforms with these rules, whereas certain other types of action are morally forbidden. Deontology seems to appeal to common sense as duties include special obligations to family and

Ethics, also known as moral philosophy, is a subject of philosophy that engages itself in systematizing, defending, and recommending concepts of right and wrong. It investigates questions of right and wrong and of the best way of living for people. In this essay I am going to explain the differences between the ethical schools of consequentialism, deontology, and virtue ethics and argue that in my opinion deontology is the most reasonable theory of the three.

Ethics is the branch of philosophy that deals with the principles correlated to human behavior concerning the rightness and wrongness of specific conduct, and to the good and bad that influences and ends those actions (Ditonary.com, 2011). In other words, ethics is the choice people effect in regards to a decision they need to achieve. Without ethics directing the choice an individual makes, moral preferences of what should or should not be done becomes irrelevant. While ethical decisions are made every day there are two different regions in which these choices are made.