1. Describe the need for ethical theories. (3) Ans. Ethical theories represent the grand ideas on which guiding principles are based. They attempt to be coherent and systematic‚ striving to answer the fundamental practical ethical questions: 1.What ought I do? 2. How ought I to live? Ethical theories are needed for a number of purposes. They are the foundations of ethical analysis because they are the viewpoints from which guidance can be obtained along the pathway to a decision. The aim of ethical
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HR RELATED ETHICAL ISSUES INTRODUCTION: Ethics refers to a system of moral principles - a sense of right and wrong‚ and goodness and badness of actions and the motives and consequences of these actions. In the business‚ businessmen must draw their ideas about what is desirable behavior from the same sources as anybody else would draw. Ethical values channelize the individual energies into pursuits that are benign to others and beneficial to the society. Ethical issues abound in
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Business Ethics – Assignment 1 1. The Sales Rep. A sales representative for a struggling computer supply firm has a chance to close a multimillion-dollar deal for an office system to be installed over a two-year period. The machines for the first delivery are in the company’s warehouse‚ but the remainder would have to be ordered from the manufacturer. Because the manufacturer is having difficulty meeting the heavy demand for the popular model‚ the sales representative is not sure that the subsequent
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Business Ethics Assignment Total 100 Marks Paper 1. Explain the conditions of Kant for Moral Law? Ans. : Kant states the following conditions for Moral Law: A. For a rule to me a moral rule‚ it must prescribe to us categorically and not hypothetically. A moral rule prescribes what we ought to do without reference to any purpose or consequences. A hypothetical prescription or imperative only tells us what we ought to do if we wish to achieve certain code ends. So naturally‚ if we did not
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many ethical issues that an organisation face and one of the organisations which faces major issue is the Kentucky Fried Chicken. In my report‚ I would analysis about the issue faced by KFC and the ethical problems that the company encounters. 1.0 ETHICS DILEMMAS FACING BY KFC KFC is among the most popular fast food brands in the world. Started out in the fifties‚ KFC now boasts of operating‚ franchising‚ and serving a worldwide chain of around 11‚000 fast food restaurants that prepare
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Business ethics is the behavior that a business adheres to in its daily dealings with the world. The ethics of a particular business can be diverse. They apply not only to how the business interacts with the world at large‚ but also to their one-on-one dealings with a single customer. Examples: What would you do? You are in a head-to-head battle with your arch competitor‚ Evil Enterprises. One of your co-workers approaches you. He has recently joined your company after having worked for a second
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The actions Merck undertook when marketing Vioxx and emphasizing its safety even after finding out the product’s side effects endangered all its key stakeholders and showed the real face of the company that accented its highly ethical maxims. Cardiovascular side effects of the Vioxx increased the risk of complications that could have caused patient’s death‚ therefore Merck violated the basic right to life of all the Vioxx consumers. It was already mentioned that Vioxx caused 3468 deaths by heart
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Business Ethics Assignment 1 Introduction This essay is to generally discuss how ethical theories provide guides in valuing human being’s behaviours to be ethically good or bad. We also have a look in different ethical theories to see why they are incompatible. The ethical theories include Utilitarianism‚ Kantian moral theory‚ virtue ethics and rights theory. Drawing on two of the theories‚ we will outline their positions and critically discuss the claim in a business situation
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Values & Ethics in Business X420 Discussion Session #80 Kelley School of Business Values Abstract ideals that shape an individual’s thinking and behavior – a moral compass Instrumental values – certain way of behaving is appropriate in all situations – “means”. Terminal values – enduring belief in the attainment of a certain end state – “ends”. A moral compass These abstract ideals can result from Religion Philosophy Family teachings Instrumental values As the means to an
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Case 1 Raju knew he was smart. His classmates always turned to him for help on assignments and he always knew the answers to the questions his teachers asked in class. Raju just didn’t study for tests so his grades were often mediocre. He knew he could do better in school‚ it was just that school was so... well‚ boring.School was coming to an end for the year and Raju needed to get a good job this summer‚ after all this was the end of his junior year. He desperately wanted to work at the famous
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