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

Ethical Principles Essay

7571 words - 31 pages

Business Ethics Concepts & Cases

Manuel G. Velasquez

ABSTRACT

Summary of the main points of the first two chapters in the book. The remaining chapters are application of the concepts summarized as relating to political forms of government and market systems. These further chapters are less relevant to the DBA class that this summary was prepared for.

Chapter 1 – Ethics & Business

Ethics is the principles of conduct governing an individual or a group. It is the study of morality.

Morality are the standards that an individual or group has about what is right and wrong, or good and evil.

Moral norms can usually be expressed as general rules or statements, such ...view middle of the document...

The ultimate aim of ethics is to develop a body of moral standards that we feel are reasonable to hold – standards that we have thought about carefully and have decided are justified standards for us to accept and apply to the choices that fill our lives.

Although ethics is a normative study of ethics, the social sciences engage in a descriptive study of ethics. A normative study aims to discover what should be. A descriptive study attempts to describe or explain the world without reaching any conclusions about whether the world is as it should be.

1.1 The Nature of Business Ethics

Business ethics concentrates on the moral standards as they apply to business policies, institutions, and behavior. Business ethics, in other words, is a form of applied ethics. It includes not only the analysis of moral norms and moral values, but also attempts to apply the conclusions of this analysis to that assortment of institutions, technologies, transactions, activities, and pursuits that we call business.

Business ethics investigates three different kinds of issues: systemic, corporate, and individual. Systemic issues in business ethics are ethical questions raised about the economic, political, legal, and other social systems within which businesses operate. Corporate issues in business ethics are ethical questions raised about a particular company. Individual issues in business ethics are ethical questions raised about a particular individual or particular individuals within a company.

Because corporate acts originate in the choices and actions of human individuals, it is these individuals who must be seen as the primary bearers of moral duties and moral responsibility. Nonetheless, it makes perfectly good sense to say that a corporate organization has moral duties and that it is morally responsible for its acts.

The fact that multinationals operate in more than one country produces ethical dilemmas for their managers that managers of firms limited to a single country do not face.

• The ability to shift its operations between countries enables the multinational to escape the social controls that a single nation might attempt to impose on the multinational and can allow the multinational to play one country against another.
• It can sometimes transfer raw materials, goods and capital among its plants in different countries at terms that enable it to escape taxes and fiscal obligations that companies limited to a single nation must bear.
• They often have the opportunity to transfer a new technology or set of products from a more developed country into nations that are less developed.
• It is often faced with the quandary of deciding which of these different norms and standards to implement in its many operations.

Ethical relativism is the view that there are no ethical standards that are absolutely true and that apply or should be applied to the companies and people of all societies. Thus, the theory of ethical relativism...

Other Papers Like Ethical Principles

Ethical Principles Violated In The Tuskegee Syphilis Study

552 words - 3 pages Ethical Principles Violated in the Tuskegee Syphilis Study The Tuskegee Syphilis Experiment was an infamous case conducted between 1932 and 1972 in Tuskegee, Alabama by the U.S. Public Health Service to study the natural movement of untreated syphilis in poor, country Black men who thought they were receiving free health care from the U.S. government. They started their studies in 1932, on 600 low-income African American men, out of which 399

It Is a Mistake to Reject Religious Principles in Favour of Secular/Ethical Principles for Guidance in Medical Ethics

2175 words - 9 pages “It is a mistake to reject religious principles in favour of secular/ethical principles for guidance in medical ethics” A religion such as Christianity has rules and guidelines that are made by the Church using teachings and bible scriptures so that Christians can live a moral life to achieve an afterlife. An example of this is the Ten Commandments that was given to Moses which contain laws such as ‘thy shall not steal’ and ‘thy shall not kill

Excellence In Patient Care Depends Upon: The Application Of Sound Ethical Principles, Good Communication And The Understanding, Participation In And Utilisation Of Research Findings

2674 words - 11 pages character of the provider. To provide excellence in patient care depends upon: the application of sound ethical principles, good communication and the understanding of, participation in and utilisation of research findings. These are the main attributes but there are many other factors that go into making a service, which gives the patients the best possible care therefore aiding in a successful treatment and full recovery.Ethical principles are

Case Study

760 words - 4 pages Read Me First HCS/335 Week One Introduction ETHICAL THEORIES AND PRINCIPLES GUIDE PROBLEM SOLVING, BUT THE DEFINITION OF ETHICS VARIES AMONG DIFFERENT INDIVIDUALS AND DOES NOT ALWAYS CORRELATE WITH THE LAW. Ethical principles of autonomy, nonmalfeasance, beneficence, and justice form the framework for solid ethical decision-making. For this reason, remember the basics as you make health care decisions. Do this by asking: Who

Discussion Question Week 2

644 words - 3 pages Discussion Question #2 Week 1 How might you apply ethical philosophies and principles that summarize what you perceive to be the top five ethical issues challenging health care delivery today? What I perceive to be the top five ethical issues challenging health care delivery today are the following: * Avoiding conflicts of interest * Balancing profits with quality of care * Equal treatment of all patients * Managing decision

Ethical Leadership

1353 words - 6 pages substantive aspect of ethical leadership includes knowledge, strong standards and courage to follow ethical directions despite strong opposition. Values that make a Person an Ethical Leader Dr. Bill Grace (2007), the founder of the Center of Ethical Leadership, has put forth a “4-V Model of Ethical Leadership” that correlates the substantive (inner values, principles and standards) with the procedural (words, actions and deeds) dimensions of

Ethical Theories

673 words - 3 pages military. My thoughts and decisions are always changing in order to fit the situation. In order to try and understand the reasons why decisions are made, the ethical principles behind them must be explained. For that we need to start at the very basic, what is ethics? According to the article, “What is Ethics?” ethics refers to well-founded standards of right and wrong that prescribe what humans ought to do, usually in terms of rights, obligations

Personal Values

910 words - 4 pages affected by one’s decision making based off three components – Awareness, Articulation, and Application. Awareness is the ethical perspectives that serve as the basis for making good ethical choices; Articulation is your ability to explain the principles that underlie your position; Application uses your understanding of ethical decision making to put principles into action as you approach ethical choices every day (Ethics Awareness Inventory). The

Ethics Awareness Inventory

856 words - 4 pages an experiment or test causes aspects of mental disturbance, ethical aspect has not been followed and it should not be carried out(APA, 2001). In the ethical awareness inventory, my ethical perspective is most closely aligned with equity and is least closely aligned with results. Personal Ethics, Principles, and Code of Conduct Personal ethics is what an individual believe what is right and what is wrong. Ethics can have an effect on the use

Suddhy@Hotmail.Com

1234 words - 5 pages bring health care profession to face nothing but the alternative choices which ends up breaching the confidentiality. The author would like to discuss one’s professional position regarding the ethical implications of a breach of confidentiality, ethical theories and principles, identify alternatives, and ethics committee’s approach in resolving ethical dilemma. Ethical Implications of a Breach of Confidentiality The medical profession has an

Ethics Awareness Inventory

672 words - 3 pages can evaluate ethical conduct except through measurable results is not easily understood. If the results cannot be accurately measured, then confident objectivity that the fundamental moral construct even exists or is of any penalty to ordinary people. The Role of Personal Ethics in Psychology Ethical guiding principles shift focus as of late from personal character to organizational ethics. The major focal point of this change is, “…the misuse

Related Essays

Ethical Principles Essay

1149 words - 5 pages Ethical Principles Paper Joe Garcia PSY/305 June 29, 2016 Dr. Christa Branton Ethical Principles According to the American Psychological Association (2016), “in psychology, APA’s Ethical Principles of Psychologists lays out the standards of psychologist and identifies behaviors that deserve punishment” (Ethics). It also identifies the

Ethical Principles Essay

1118 words - 5 pages  Ethical Principles Dawnette McCree PSY/305 October 5, 2015 Kimberly Wilkins Ethical Principles The treatment of detainees in Guantanamo Bay seems to be a huge debate in the field of psychology. Many feel that it violates the code of ethics by doing harm to another person intentionally. Others feel that it is nothing that will be a long term problem so they are doing nothing wrong. The fundamental principle of “Do No Harmâ

Ethical Principles And Organizational Issues Essay

829 words - 4 pages Ethical Principles and Organizational Issues Sidney Holsey ETH/316 February 23, 2014 Irma Flores-Brothers Ethical Principles and Organizational Issues Ethical principles and organizational issues are an area of the corporate world that successful businesses practice and adhere to on a regular basis. The significance is ever important as the growth and development of technology in continuous. Companies need to be conscious of

Ethical Principles In The Corporate World

5573 words - 23 pages Ethical Principles in the Corporate World By: Harsh Vardhan Agarwal Abstract Ethical issues are an area of the corporate world that most businesses deal with on a regular basis. The importance is growing with the continuous development of technology. Companies need to be aware of ethical obligations of their products and decisions. Privacy is a problem that occurs due to the fact that companies can access individuals’ information