Ethics Decision Business ethics includes a wide range of moral or ethical principles that arise in a business environment, and it includes individuals’ actions in a company as well as the organization’s actions and positions on ethical matters. Making ethical business decisions consistently is a key to long-term success for any business. However, it is hard to make an ethics decision, which ethical values are superior. Based on the situation that happened in my company, as a Chief Engineer, I decided to do nothing about this. There are some reasons as following. First of all, I could not make sure the channel of sources which was provided by Research Associate is legal or not. Research Associate was averse to revealing the sources of his/her information. We could not presume too much upon the reliability of such sources. If it is illegal, we may be involved in lawsuit. Commonly, it will damage enterprise image. Lawsuit is time-consuming, costly and disruptive for organization. Second, as a leader, it is important to act ethical. Forbes, American business magazine, made a public investment which regarded to ethical decision-making. The report highlights that “Working for a boss who behaves unethically engenders little to no respect from the manager’s direct reports”. Furthermore, the ethics massage begins at the top of a firm and cascades down and through its entire. I think employees may be tempted to rationalize their own unethical conduct when they see their leaders acting unethically. In this case, I cannot make this significant decision which information is hard to determine. I need to do what is right for the company, and be a positive role model for other employees. Last but not least, ethical employees may make poor ethical decisions when they do not understand the complexity of the issues or they are overconfident. Research Associate is new employee in our company. It is possible that he/she does not familiar with business in our company. While it is important to be confident in business, do not let overconfidence lead to illogical rationalizations or overlook the complexity of problems or
technically makes something ethical.
It starts off defining ethics, which is, “The standards of behavior, that tell us humans how we ought to act in many situations.” It then goes into to telling us what not a basis for ethical decision making is. Many people believe that ethics should be based on religion, law, or what is culturally acceptable. This article disputes what is widely believed. The article goes into detail that ethics is not the same as feelings, religion, law, culturally accepted…
Chapter 12 – Decision Making, Creativity, and Ethics
* Is there a right way to make decisions?
* How do people actually make decisions?
* How can knowledge management improve decision making?
* What factors affect group decision making?
* How can we get more creative decisions?
* What is ethics, and how can it be used for better decision making?
* What is corporate social responsibility?
Is there a right way to make decisions?
* Decision – the choice made…
advantages and disadvantages of each decision that Elaine has made.
a. 1st decision Graphic, Inc. loan of $10 million. Graphco was a tobacco firm embroiled in litigation concerning the promotion of its products to children. Elaine based her decision by Moral Philosophies which refers to the specific principals or rules that people use to decide what is right or wrong (Ferrell, Fraedrich, Ferrell, Ninth Edition Business Ethics, p 153). The advantage to this decision is she did what she felt was morally…
Ethics is a system of moral principles of conduct governing an individual or a group. This can basically be defined as the difference between right and wrong behavior. Ethics cannot be categorized as one simple definition though. Many people have their own meaning of ethics. Many people find their actions as good ethical behavior, and who is to say it is not? You cannot change how people view their own actions but when it comes to others there is always a fine line between morally…
My View of Ethics
This paper is prepared for Applied Ethics, taught by Professor. I am instructed to explain what my view on ethics is. I am also instructed to explain what my key learning points are, and explain any changes I may make in my personal and professional behavior, due to my better understanding what ethics means. To provide as much detail as possible, I will research the area of ethics to consume a broader view and apply the scholarly sources. Lastly, I will use…
Ethical Dimensions of Decision Making
Milakovich and Gordon – Chapter 5 – Pages 215-236
The evaluation of decisions based on ethical behavior has a long history in the United States. Yet, there are a multitude of dimensions of what constitutes ethical behavior.
Review the American Society of Public Administration’s Code of Ethics
The public sector has a standard that set high expectations. You need certain attitudes and moral qualities to behave ethically on the public service. 1.)…
Case Study 03
Ethics in Business
The principles and values that define an individual’s activities and decisions are known as ethics. It is hence important for any organization to set a code of ethics that would drive the organization in its policies, decisions and programs. The definition of Ethical code of an organization can play a pivotal role to the reputation, productivity, culture and the entire business.
The ethical code with which…
Comparing the differences
Comparing the Differences
Dealing with these different types of theories such as virtue theory, utilitarianism and deontology they all come back to the form and status of generally dealing with one’s morality and ethics. Each theory deals
with different phases in life, either dealing with a current situation the past or even future. Ethics and morality will ultimately determine the outcome…
17 April 2013
ETHICS IN BUSINESS AND ACCOUNTING
Ethics in business is an extremely important characteristic for a successful business person to have. Ethics is defined as codes of conduct by which actions are judges as right or wrong, fair or unfair, honest or dishonest. The most important part of being a successful business person is gaining trust from your boss, peers, and customers. Without the trust of your boss, peers, and customers there is no possible…