My View of Business Ethics
Summary Paper of My ‘Ethical Position’ From My Experience, Knowledge And What I Have Gleaned From The Business Ethics Class.
The ability to recognize and deal with complex business ethics issues has become a significant priority in twenty-first century companies. In recent years, a number of well publicized scandals resulted in public outrage about deception and fraud in business and a demand for improved business ethics and greater corporate responsibility. The publicity and debate surrounding highly visible legal and ethical lapses at a number of well known firms, including AIG, Countrywide Financial and Fannie Mae, highlight the need ...view middle of the document...
In practice solutions to ethical and social responsibility problems are not most favorable and quite often managers must be satisfied with solutions that makes do or does the least amount of harm. Right and wrong is rarely crystal clear to managers charged with doing the right thing. In the business world it is much messier than that.
According to the text the term ethics has many fine distinctions. It has been defined as “inquiry into the nature and grounds of morality where the term morality is taken to mean moral judgments, standards and rules of conduct.” Ethics has also been called the study and philosophy of human conduct, with and emphasis on determining right and wrong. The American Heritage Dictionary offers these definitions of ethics: “The study of the general nature or morals and of specific moral choices, moral philosophy: and the rules and standards governing the conduct of the members of a profession. Unfortunately, numerous studies have consistently produced distressing results about the state of ethics in today’s business world.
Business ethics comprises the principles, values and standards that guide behavior in the world of business. Principles are specific and pervasive boundaries for behavior that are universal and absolute. Principles often become the basis for rules. Some examples of principles include freedom of speech, fundamentals of justice, and equal right to civil liberties. Values are used to develop norms that are socially enforced. Integrity, accountability and trust are examples of value.
MY OVERVIEW OF BUSINESS ETHICS
Work place deviance is unethical behavior that violates organizational norms about right and wrong. This can be categorized by how deviant the behavior is and by the target of the deviant behavior either the organization as a whole or particular people in the work place. The following are some examples of workplace deviances:-
• Production deviance which is unethical behavior that hurts the quality and quantity or work produced. Examples include leaving early and wasting resources
• Property deviance which is unethical behavior aimed at the organization’s property or products. Examples include stealing or damaging equipment
• Political deviance which is using one’s influence to harm others in the company. Examples include making decisions based on favouritism rather than performance or blaming others for mistakes they did not make.
• Personal aggression which is hostile or aggressive behavior towards other. Examples include sexual harassment and verbal abuse.
Influence on Ethical Decision Making
The first step in ethical decisions making is to recognize that an ethical issue requires an individual or work group to choose among several actions and evaluate as right or wrong.
The ethical answers that managers choose depend on the following:-
1. The ethical intensity of the decision
2. The moral development of the manager
3. The ethical...