We Have a Problem
Professor De La Cruz
“Business ethics is written and unwritten codes of principles and values that govern decisions and actions within a company” (Love to know business, 2012). Also known as corporate ethics or professional ethics, it incorporates moral guidelines as also the problems a business entity frequently faces. Businesses started specifying their ethical principles from the late 1980s, perhaps to stay away from scandals in businesses. However, there are a million ethical issues in today's businesses and unfortunately there is no perfect decision measurement for all these ethical issues. The ethical issues in international businesses are much more complicated and much more delicate, along with being tenfold in numbers. Therefore, let’s take a look at Corporate Intelligence. How do you think it relates to ethics? And why it is ...view middle of the document...
With a lack of security and training allows other to use techniques to gain access to an organization’s information. The techniques are removing the hard drive and copying the information to another machine, hacking, dumpster diving, social engineering, bribery, and hiring away key employees.
I believe Corporate Intelligence is an ethical issue because it is “the collection and analysis of information on markets, technologies, customers, and competitors, as well as on socioeconomic and external political trends” (Ferrell, Fraedrich & Ferrell, 2011). First, there are the problems that arise with the obtaining of corporate intelligence by competitors acting cooperatively. These can be characterized as antitrust or unfair competition issues. Second, there are the issues that arise when the organization obtains information from public sources or from third parties. In every area of marketing on the web or organizations there are questions surrounding morality and fairness which the issue is one of the areas with a significant debating between what is considered right and that which is not.
In conclusion, ethics has been a long-held issue of discussion amongst corporate intelligence. Essentially, the questions revolve around what is and is not allowable in terms of corporate intelligence practitioners' activity. However, it is clear that no shortage of study has gone into better classifying, understanding and addressing corporate intelligence ethics. Competitive information may be obtained from public or subscription sources, from networking with competitor staff or customers, or from field research interviews. The issue is one of the areas between what is right and wrong.
Ferrell, O.C., Fraedrich, J., & Ferrell, L. (2011). Business ethics: ethical decision making and cases. (8th ed.). Mason, Ohio: Cengage Learning
Love to know business. (2012). A definition for business ethics. Retrieved from http://business.lovetoknow.com/wiki/A_Definition_for_Business_Ethics