Business Ethics
Cover page
TABLE OF CONTENTS
Topic Page 1.0 Introduction……………………………………………………………………………………3
2.0 Ethical Perspective of Business……………………………………………………………….2
3.0 Business Objective from an Ethical Perspective…………………………………………..….5
4.0 Ethics in Workplace Relationship………………………………………………………..……8
5.0 Current Ethical Issue in a Business…………………………………………………………....9
6.0 Conclusion………………………………………………………………………………...…11
References…………………………………………………………………………..……………12
1.0 Introduction:
Ethical decision making in an organization is based on the moral judgment about right or wrong is often influenced by its own culture. When the decision is ethical or moral, employees act for the right course of action accordingly. Business ethics or the code of ethics has now days became the part of implementing organizational strategy and it development since it emphases on stopping business malpractices, business survival, protecting employees and its shareholders, better relation with both internal and external customers, HR function, smooth functioning and health competition to competitors. Unethical business behavior will definitely damage organization’s reputation that will have negative impact in the market which in turn will discourage the investors. This kind of consequence will result in low profit. Therefore, the purpose of this report is to emphasize on the ethical issues, perspective, ethics in workplace relationship and objectives of business.
2.0 Ethical Perspective of Business:
2.1 Explain the background and development of theoretical ethical approaches for example, the difference between deontological and teleological ethical theory.
Teleological Moral Theory deals with the consequences of any action performed intentionally or unintentionally. It relates to human moral behavior because they mean to achieve the end at any cost i.e. goal directed. For example, if I find ice in my gutter, what should I do to remove that? Now, I can use many
TABLE OF CONTENTS
Topic Page 1.0 Introduction……………………………………………………………………………………3
2.0 Ethical Perspective of Business……………………………………………………………….2
3.0 Business Objective from an Ethical Perspective…………………………………………..….5
4.0 Ethics in Workplace Relationship………………………………………………………..……8
5.0 Current Ethical Issue in a Business…………………………………………………………....9
6.0 Conclusion………………………………………………………………………………...…11
References…………………………………………………………………………..……………12
1.0 Introduction:
Ethical decision making in an organization is based on the moral judgment about right or wrong is often influenced by its own culture. When the decision is ethical or moral, employees act for the right course of action accordingly. Business ethics or the code of ethics has now days became the part of implementing organizational strategy and it development since it emphases on stopping business malpractices, business survival, protecting employees and its shareholders, better relation with both internal and external customers, HR function, smooth functioning and health competition to competitors. Unethical business behavior will definitely damage organization’s reputation that will have negative impact in the market which in turn will discourage the investors. This kind of consequence will result in low profit. Therefore, the purpose of this report is to emphasize on the ethical issues, perspective, ethics in workplace relationship and objectives of business.
2.0 Ethical Perspective of Business:
2.1 Explain the background and development of theoretical ethical approaches for example, the difference between deontological and teleological ethical theory.
Teleological Moral Theory deals with the consequences of any action performed intentionally or unintentionally. It relates to human moral behavior because they mean to achieve the end at any cost i.e. goal directed. For example, if I find ice in my gutter, what should I do to remove that? Now, I can use many
References: French, Peter A (1995). Corporate Ethics. Fort Worth: Harcourt Brace College Publishers. French, Peter A (1984). Collective and Corporate Responsibility. New York: Columbia University Press. French, Peter A Information Bible. (2010). Objectives of Business. Available: http://www.informationbible.com/article-objectives-of-business-23.html. Last accessed 25th Nov 2012. Marcoux, Alexei. (2008). Business Ethics. Available: http://plato.stanford.edu/entries/ethics-business/CorMorAge. Last accessed 25th Nov 2012. Ronald F. White. (2011). Moral Inquiry. Available: http://inside.msj.edu/academics/faculty/whiter/ethicsbook.pdf. Last accessed 25th Nov 2012. Ruth Mayhew. (2010). How to Enforce a Code of Ethics Through Rewards. Available: http://smallbusiness.chron.com/enforce-code-ethics-through-rewards-11023.html. Last accessed 25th Nov 2012. Velasquez, Manuel. (1983). Business & Professional Ethics Journal. Corporations Are Not Morally Responsible For Anything They Do. 2 (2), 1-18. Weyerhaeuser. (2012). Types of Stakeholder Engagement. Available: http://www.weyerhaeuser.com/Sustainability/People/StakeholderEngagement. Last accessed 25th Nov 2012.