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Business Ethics Essay

3321 words - 14 pages

Business Ethics |

Table of Contents
1.1 Business Ethics: 3
1.2 Absolute and Relative ethics 3
.3 Explain the ethical issues which can affect the operational activities of a business: 4
2.1 explanation of how business objectives are affected by ethical considerations 6
2.2 evaluation of the implications for a business and its stakeholders to operate ethically 7
3.1 Assessment of the role of the company acting as moral agent: 8
3.2 Analysis of the development of mechanisms for achieving employee involvement and empowerment 9
Employee Involvement Model 9
4.1 Research a current ethical issue affecting your selected business: 10
4.2 Report on how this business could improve the ethics of ...view middle of the document...

Absolutism is an ethical view that certain actions are absolutely right or wrong, regardless of other contexts such as their consequences or the intentions behind them. Absolutists state that ethical codes should be universal and believers in this theory are often [but not always] religious. A vast majority of religious followers subscribe to the absolute ethical theory and believe that ethical morality is rooted firmly in their religious teachings, whatever that religion maybe Korten (David 1995).Thus stealing, for instance, might be considered to be always immoral, even if done to promote some other good (e.g., stealing food to feed a starving family), and even if it does in the end promote such a good. Moral absolutism stands in contrast to other categories of normative ethical theories such as consequentialism, which holds that the morality (in the wide sense) of an act depends on the consequences or the context of the act. Relative Ethics is the idea that ethics change depending on circumstance. Essentially, Relative Ethics or Relativism is almost an umbrella term that contains any theory of ethics that allows a degree of flexibility of the approach because of the conditions(Des Jardins Joseph R. & McCall John M. (eds) 1985).

In conclusion, relative ethics is the view that moral truths change and adapt. The morals adapt depending upon the situation in question. They may also change from culture to culture and place to place. One of the main differences between relativism and absolutism appears to be toleration. Relativists appear to be more in this case.

Some might find it hard to accept relativism but it could be argued that any moral code is better than none. I think this could be true. The absence of ethical or moral rules would be disastrous for any society; it would not survive either internally or alongside other cultures.

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1.3 Explain the ethical issues which can affect the operational activities of a business:
There are a million ethical issues in today's businesses and unfortunately there is no perfect decision measurement for all these ethical issues in business. The ethical issues in international businesses are much more complicated and much more delicate, along with being tenfold in numbers. However we can classify the ethical issues into two forms: Industry wide ethical issues & Industry Wide Ethical Issues.( Green Ronald 1994,)
Industry Wide Ethical Issues
Following is a list of industry wide ethical issues in businesses. The problem with these ethical issues in business is that they are not only really routine and frequent but they are also more wide-spread.
* Business practices like sourcing of materials, quality of inputs in production, compromising on certain aspects like product quality, safety, etc. and deception in packaging, quantity or size also fall in the purview of business ethics.
* Labor related issues like gender discrimination at...

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