When a crisis first arises, remember that good communication with all affected audiences will help ensure a successful outcome. Because initial responses delivered to the public can ultimately tarnish or enhance the image of an organization, it is important to handle the media with confidence, facts and sensible approach.…
Donaldson, Thomas, Patricia Hogue. Werhane, and Zandt Joseph D. Van. Ethical Issues in Business: A Philosophical Approach. Upper Saddle River, NJ: Pearson/Prentice Hall, 2008. Print.…
It would help to draw from a theory of ethics that can serve as the basis of practical reasoning and include ways of judging how to reduce ethical transgressions and advance ethical practice in business, rather than aiming only at the characterization of perfectly ethical managers. Such a theory does not exist, but elements from the theory of justice by Amartya Sen, and the teachings of Socrates, John Stuart Mill and Kant can help me arrive at an idea of comparative justice: judgments that can help navigate the seas of ethical dilemmas in business, such as the one presently at hand. In the analysis presented in this paper, diagnosis of injustice, identification and compartmentalization of motives of key players will figure often as anchors for support of my final recommendation.…
Life is all about choices we make in accordance to the circumstances presented to us. What matters is how ethical those choices are in relation to the situation. In general we follow a five-step decision model to arrive to conclusions while balancing it all out through the eyes of different lenses. This is called the Baird method of ethical decision. Dr. Catharyn A. Baird developed it. In the current game of dilemmas we are accessing two cases. the case of mysterious roses and the cold feet.…
Essentially, the definition of ethics is, “… the belief system and moral rules that vary from individual to individual.” If ethics are deliberated rigorously throughout the development of a strategic plan, remarkable results can be achieved. Ethics and social accountability form the basis and a critical role in developing a strategic plan. Values, standards, norms, and rules to accomplish an accurate avenue in attaining strategic objectives are based upon ethics. Social accountability is associated with social norms and policy that, if measured through the strategic planning, can outline the foundation of reliability. Utilization of ethics is essential in compiling the diverse requirements of internal and external stakeholders (Sims, 2003). These key aspects define a basic…
There are times in life, whether it be in business or from a personal aspect, where a person has to make a crucial decision. Ethics play a major role in decision making for many people and many companies. The cost of not making ethical choices has caused many companies lost in sales, profits, reputation, and customer base. Sometimes, making hasty, unethical decisions seem good for the short term solutions; however, when carefully thought out, it is always best to make the right decision, one that is morally correct, rather than fiscally savvy.…
To analyse the theory, decision maker and ethical dilemma must be identified. In this case, the CEO Vagelos can be considered as the decision maker and ethical dilemma is…
Can ethics be taught? Sort of. The average person of sound mind knows right from wrong, this is something we carry in our consciousness. Learning to conform to rules and groups is something we learn to do throughout our lives. Ethical ambiguity and the fluid nature of ethics find most people in a constant state of learning and adjusting to situations based on their perceptions and their own personal set of values. Since there are many codes of ethics for any given situation and group, the focus really becomes about learning to pick the right tool for the job. We adjust our ethical scale constantly with each changing dilemma we face. To assume that there is a universal right and wrong that remains static for all peoples and situations would…
Understanding business ethics in these cases we used ethical decision making frameworks such as the Triple Font Theory, Double Effect as well as Formal and Material points.…
The past century has seen corporations expand on a global level, this expansion has been made possible due to a number of contributing factors such as technological developments, stronger education and improved advertising methods. However it is these same factors that have given way to a number of ethical complications that can determine the success of corporations. The same technological advances that have allowed companies to mass produce and communicate with the world have at the same time contributed to environmental issues. Technology has also given the general public easy access to information and resources that were previously unattainable, along with this corporations find themselves faced with a better informed public. Big business is no longer a vacuum imposed upon the general population, but rather the relationship between a company and its customer has taken on a pluralistic nature. This means the company and the consumer are two separate entities, but both have access to…
Donaldson, T, & Werhane, P.H. (Eds.). (2002) Ethical issues in business: A philosophical approach (7th ed). Upper Saddle River, NJ: Prentice Hall.…
Helping management understand the impact of inappropriate or poorly thought out crisis response is one of the most important strategic services the public relations practitioner can provide. To have a strategic discussion requires a tool that has value without insulting the executive's intelligence, has impact without belaboring the obvious, inspires action without over-simplifying, and illustrates options and choices without teaching unnecessary, ill-advised lessons in public relations.…
An organization needs to conform to ethic policies efficiently to accomplish its mission, vision, and objectives in a way in which delivers a solid foundation of management and their subordinates to effectively cultivate and implement its strategies. By doing so, the organization is basically subscribing to one common thread that oversees the activities of the employees of the organization. Additionally, it benefits in preventing such employees from deviating in regard to the contingent strategic guideline. Furthermore, ethics guarantees that a strategic plan is established in accordance to the interests of the appropriate stakeholders of the organization, both internal and external (Jin & Drozdenko, 2010). Moreover, corporate guidance that originates from differing regulatory parties makes it essential for organizations to preserve a high degree of ethical standards; this is accomplished by integrating ethics within the organization’s strategic plan so as to promote a confident corporate image for the stakeholders and public (Min-Dong Paul, 2009).…
By definition ethical communication is “communication that is honest, fair and considerate of others’ rights.” Communication plays a key role in organizations, without communication, it’s impossible for an organization function let alone prospers. With the advent of new technologies, evenhanded communication is much more commonplace. For the purposes of this paper, I will examine ethical communication from a managerial standout beginning with how much is enough?…
For this individual assignment we ask you to desscribe and analyse an ethical in a business context. It can either be a dilemma that you have encountered yourself, or a dilemma taken from an interview with a practitioner about the way he/she deals with dilemma’s in his or her work experience. Interviews can be done face to face or through a communications device. Based on the interview, write a report addressing the following questions (maximum of 1500 words):…