Bus 520 Assignment 1

Topics: Ethics, Business ethics, Morality Pages: 4 (1555 words) Published: October 25, 2011
This document presents a discussion about an ethical dilemma in a fragrance company. Ethical dilemmas, also known as moral dilemmas, have been a problem for ethical theorists as far back as Plato. An ethical dilemma is a situation wherein moral precepts or ethical obligations conflict in such a way that any possible resolution to the dilemma is morally intolerable. In other words, an ethical dilemma is any situation in which guiding moral principles cannot determine which course of action is right or wrong. Business ethics can be both a normative and a descriptive discipline. As a corporate practice and a career specialization, the field is primarily normative. In academia descriptive approaches are also taken. The range and quantity of business ethical issues reflects the degree to which business is perceived to be at odds with non-economic social values. Historically, interest in business ethics accelerated dramatically during the 1980s and 1990s, both within major corporations and within academia. For example, today most major corporate websites lay emphasis on commitment to promoting non-economic social values under a variety of headings such as ethics codes and social responsibility charters. In some cases, corporations have redefined their core values in the light of business ethical considerations. And the discussion on ethics in business is necessary because business can become unethical, and there are plenty of evidences today on unethical corporate practices How personal differences and preference can impact organizational ethics In some circumstances, some people have power over other people. For example, a therapist has more power than a patient. In a situation in which people are not equal in terms of their power, it may be important not to treat people as if they were morally equal. Ordinarily, while it might be acceptable for someone who happens to be a therapist to ask another person for a date, it would not be acceptable for a therapist to ask a...
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