This website uses cookies to ensure you have the best experience. Learn more

Business Ethics In An Organization With Theories

4367 words - 18 pages

BUSINESS ETHICS - PART AEthics has been taken up, debated over, explained, examined and analyzed by different forums in different contexts. However, with the emergence of capitalism, in particular, its consolidation, through its latest form of development in globalization as a reorganization of capitalism, with its essentially consumer culture and all its pros and cons amidst a world system scenario it has evoked a surge of interest in this particular domain of carrying out business in an ethical way. Today business ethics is also as much a cynosure of discussion as sustainability and profitability.Since the dawn of history this word and topic has had an important place in all the scholarly ...view middle of the document...

Such either-or syndrome often inherent in dominant scholarships fails to appreciate the interconnections and symbiotic relations between various levels of discourses and practices, of thoughts and actions. To define ethics as something that is morally right over something that is morally wrong is to similarly fall into the trap of either-or syndrome. A unanimous definition of a very common word as ethics is hard to reach. But what could be useful in this regard is to think of ethics practically, especially in the context of an operational definition of business ethics: a spatio-temporal and contextual understanding of the term, contingent on the place, time and people that it affects and is affected by.Currently, acceptance of business ethics as something other that an oxymoron is deemed progress. Why is it important that students should learn business ethics along with other subjects? Business has the potential to provide a major contribution to our societies and act as an engine of economic development but the way it is done raises considerable ethical issues and there lies the social role of business in contemporary society. Not just the recent waves of corporate scandals involving Enron, WorldCom, and Parmalat but also other factors, such as growth of socially responsible investing, a rise in legal and regulatory standards and mounting forces of globalization are bringing about new ethics oriented paradigm in business.(Paine, 2003; Trevino & Nelson, 2004) Business ethics provides us with knowledge that transcends the traditional framework of business studies and confronts us with some of the most important questions faced by the society and business as a crucial role player in that.Decisions in business are mostly guided by the principles of Utilitarianism which is related to social consequences. It is a democratic approach and considers the greatest benefit for the greatest number of people (Harvey, Brian, 1994***). A plausible decision has to be rational and systematic and should also be defendable and justifiable to all the stakeholders.Globalization has become the most important buzzword of recent times but at the same time business leaders have also started to recognize the increased risks that globalization can bring to their operations. (Crane et all, 2007) Markets are cross national and businesses are often interdependent. A negative image of company resulting from weak ethical decisions and reputation of being unethical may harm its business considerably in a global market as customers will easily shift to the next option and other businesses might also not want to do business with unethical companies as that might tarnish their image in turn. Customers and clients are very sensitive to this issue nowadays. Media over the years have played its role in improving public awareness against business malpractices. Because of these factor companies are somewhat forced to maintain and follow and operate within an ethical paradigm and...

Other Papers Like Business Ethics In An Organization With Theories

Religion : an Essential Business Ethics Elements in Curbing Corporate Failure

2195 words - 9 pages Introduction Ethics or also called moral philosophy, is define in Wikipedia (2015) as the branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct. Ethics is defined as the principles and values an individual uses to govern his activities and decisions. Business ethics is defined as a code of ethics is a set of principles that guide the organization in its programs, policies and

Ethics In The Workplace Or Organization

1213 words - 5 pages ethics have a strong public image. Same way Ethics in the workplace, business or an organization plays a vital role to shape a comfortable environment for employees. It effects on suppliers, employees, shareholders, and costumers. Ethics in the workplace: Ethics create a secure and content work environment. There are the certain guidelines that we must follow to make sure that everyone feels comfortable. Ethics in business

Motivating Employees in an Organization

716 words - 3 pages MOTIVATING EMPLOYEES IN AN ORGANIZATION: TRAINING PERSPECTIVE Term paper submitted in partial fulfilment of requirements for the degree of Executive Master in Business Administration By Md Mahbub Alam Student ID # 083-056-090 North South University, Dhaka Bangladesh 20 July 2012 Faculty: Dr. Kamal Uddin Ahmed North South University Mr

Ethics in Business

2687 words - 11 pages ETHICS IN BUSINESS . Table of Contents Introduction: 1 Body one what is ethics: 2 Body two the four views of ethics: 3 Body three the ethical challenges: 5 Body four companies reaction to unethical action: 6 Conclusion: 7 The summary: 8 References and bibliography: 9 Introduction: Management is an exiting topic to study. It gives people the ability to interact with the recent action around the world. Also it gives

Ethics in Business

554 words - 3 pages Ethics in Business Institutions Name Students Name Ethics characterizes the standards of behavior perceived in appreciation to a particular class of human activities or a specific gathering, society. Ethics describes the rules or propensities concerning right or wrong deed. It characterizes how things ought to function as indicated by people's beliefs and standards. I trust that Feuerstein was guided all the more morally, additionally

Motivational Problems In An Organization

822 words - 4 pages Motivational Problems in an Organization Lora M Baker BUS610: Organizational Behavior Dr. Mark Pantaleo March 12, 2012 Motivational Problems in an Organization Efficient motivation in the workplace is one of the most challenging and significant responsibilities for management in an organization. Motivational problems transpire in the workplace when the employee’s expectation or values are not satisfied. Motivation occurs when we have

Ethics In International Business

3474 words - 14 pages business not only articulate the rhetoric of ethical behavior, but also act in a manner that is consistent with that rhetoric - Implement decision-making processes that require people to consider the ethical dimension of business decisions - Develop moral courage Organization Culture and Leadership • To foster ethical behavior, businesses need to build an organization culture that values ethical behavior • Three

Ethics in Business

629 words - 3 pages Ethics Essay Ethics play a huge role in the lives and actions of people. When considering the ethics of a situation importance should be put on the understanding of how a person will react to the event. Understanding the different theories will assist the decision maker in determining the necessary outcome of the situation and will make the outcome as favorable as possible. The three theories compared in this essay are virtue ethics

Ethics in Business - 1760 words

1760 words - 8 pages FIN370/Finance for Business November 19, 2012 Wal-Mart: Ethics and Compliance Wal-Mart Stores, Inc, known as WMT on the flow of the New York Stock Exchange, has become the number one retailer in the world, a far stretch from what founder Sam Walton ever imagined, when he opened the first Wal-Mart ever in 1962 with its first 25 employees. Walton’s retailer foundation of

Ethics in Business - 1920 words

1920 words - 8 pages helps in making the decision like how to use the collected fund. It is also art and science of determining if the funds of an organization are being used in a right manner or not. Through financial analysis, any company or business can take decision in making financial investments, acquisition of company, selling of company, to know the financial standing of their business in present, past and future. It helps to stay competitive with others in

Ethics in Business - 1016 words

1016 words - 5 pages life business, your competitors are everywhere. You are doing business is no different to be in a war and it is very nasty. Your enemy always in ready to take you down. Second Option: (Not to Deal) Pros: If deal is off, I go back with Portuguese supplier. Company brand image will be safe. My career is secure so I can carry on my life with my own family. However, somehow I feel negative because I am not helping other people though that is in

Related Essays

Business Ethics In Organization Essay

1901 words - 8 pages PRACTICE OF BUSINESS ETHICS MMUI J131 • Rotua Veronika Ariester • Sarah Afifah • Samuel Krissandi • Ronald • Eldhie Sya'banni • Reffit Gustaroska ORGANIZATIONAL ETHICS DEFINITIONS  Organizational Culture: The values, beliefs, and norms that all the employees of that organization share  Value Chain: The key functional inputs that an organization provides in the transformation of raw materials into a delivered product or service

Business Organization And Management Ethics Essay

1506 words - 7 pages Abstract The assignment/paper is an ethics exercise with two different cases to analyze and determines what direction/decision I would take in each case. The first case is to justify my decision to allow a top performing staff member, Kay, to apply for a different position within the company. Kay and I both are aware that I would not be allowed to replace her due to budget cut and a friend of the boss is also applying for the position. The

Operational Gap With In Organization And Business Development

1027 words - 5 pages | Consolidated Disposal | Memo To: Gus Sanchez Operations Site Manager From: Angelo Meleandez Assistant Operations Site Manager CC: James Castro Regional Operations Manager Date: [ 7/9/2012 ] Re: Operational gap with in organization and Business development Purpose This memo is being forwarded to you in regards to addressing a potential operational gap and limitation of growth with in our organization that needs to be

Strategies In An Organization Essay

2040 words - 9 pages capture market share by marketing strategies such as KLM’s buzz marketing is delighting customers which surprise gifts during their journey. We have LAN air lines which are operating different business model at the time with broader organization skills and greater employee flexibility. Emerging Giants The world is focused on rising markets (K Palepu, 2010). This article is written by Tarrun Khanna and Karishna G Palepu in. They