Assessment # 3: Ethical Analysis
Many employees find that discovering unethical behavior among co-workers actually tests their own values and ethical behaviors. Unethical behavior that is not illegal frequently falls in a grey area between right and wrong that make it difficult to decide what to do when it is encountered. Stakeholders are those who have a stake or claim in some aspect of a company’s products, operations, markets, industry and outcomes. Therefore stakeholders impact everyday business. Stakeholders could be customers, investors, employees, suppliers, government agencies and communities. They provide tangible and intangible resources critical to a firm’s success. Many people, all with their own wellbeing and standards, are involved in business encounters every day. There are 2 types of stakeholder a primary and secondary. Primary stakeholders are those whose continued association is absolutely necessary for a firm’s survival such as employees, customers, investors, governments and communities. Secondary stakeholders do not typically engage in transactions with a company and are therefore not essential to its survival such as the media, trade associations, and special interest groups.
The company and the employee were both the stakeholder at the company. To the company Beth was a primary stakeholder because she was needed for necessary for the firm’s survival. In the business decision the company’s values and judgment didn’t play a key role in ethics decisions. Employee commitment comes from employees who believe their future is tied to that of the organization and their willingness to make personal sacrifices for the organization. The commitment from Beth was very unethical. Beth was given a promotion because she happens to be a Caucasian. Some companies and or employees unethical behaviour often results from a combination of, say, pressure to perform, the need to follow the boss's orders, and a desire to help the organization survive.
Different... [continues]
Many employees find that discovering unethical behavior among co-workers actually tests their own values and ethical behaviors. Unethical behavior that is not illegal frequently falls in a grey area between right and wrong that make it difficult to decide what to do when it is encountered. Stakeholders are those who have a stake or claim in some aspect of a company’s products, operations, markets, industry and outcomes. Therefore stakeholders impact everyday business. Stakeholders could be customers, investors, employees, suppliers, government agencies and communities. They provide tangible and intangible resources critical to a firm’s success. Many people, all with their own wellbeing and standards, are involved in business encounters every day. There are 2 types of stakeholder a primary and secondary. Primary stakeholders are those whose continued association is absolutely necessary for a firm’s survival such as employees, customers, investors, governments and communities. Secondary stakeholders do not typically engage in transactions with a company and are therefore not essential to its survival such as the media, trade associations, and special interest groups.
The company and the employee were both the stakeholder at the company. To the company Beth was a primary stakeholder because she was needed for necessary for the firm’s survival. In the business decision the company’s values and judgment didn’t play a key role in ethics decisions. Employee commitment comes from employees who believe their future is tied to that of the organization and their willingness to make personal sacrifices for the organization. The commitment from Beth was very unethical. Beth was given a promotion because she happens to be a Caucasian. Some companies and or employees unethical behaviour often results from a combination of, say, pressure to perform, the need to follow the boss's orders, and a desire to help the organization survive.
Different... [continues]
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