Business Ethics And The Ethical Issues

Luke, an ABC employee, is currently working on a land development project consisting of building an adult entertainment store in a neighborhood where Luke’s brother, Owen, lives. Luke knows that Owen has been considering selling his home but that he is putting it off expecting the real estate market to improve in a few years, yet Luke knows that the project will cause the opposite effect.

Business ethics refers to the consideration of moral decisions and responsibilities in the process of operating a business. Business ethics, practiced throughout the deepest layers of a company, become the heart and soul of the company 's culture and can mean the difference between success and failure. Values drive behavior and therefore need to be consciously stated, but they also need to be affirmed by actions. Ethical business environments are created with foundations of integrity, accountability and commitment.

Upon applying utilitarianism theory to Tom’s current situation, Tom would maximise the greatest good and increase the happiness of more people and parties by exaggerating his work experience. The first party that would benefit from this is his parents. As was said in the case study (2014), Tom’s mother had lost her job a few years ago and has remained unemployed since. Tom’s father has also not been doing well financially, as his business has not been doing well as of lately, which would lead to less income for the family. Tom’s parents would be better off financially, as they will no longer need to support Tom if he were to be hired by the accounting firm.

an action can't be right if the people who are made happy by it are outnumbered by the people who are made unhappy by it.

Cadbury is based on delivering good quality as they have promise to their customers to provide good quality in their products. Cadbury is committed to ensure to constantly improve on their quality to guarantee that they have provide what has been promised by the company.

Starbucks is a business that has been around since 1971 serving a various amount of coffee for people all around the United States. This business started in the city of Seattle with getting port of coffee from around the world. Today they are international business getting in approximately $11 billion dollars a year. With this being said Starbucks is a very high pace, high traffic environment with all the stores giving a home feel to them so when you order coffee you don’t feel like you even left your house.

An employee becomes a participant in a "protected activity" (i.e. when an employee decides to confront an employer about illegal activities such as fraud).

Hartman (2005) suggests that ethics involves decisions as to good and bad, right and wrong, and what ought to be. It can be recognized from morals and values. Business ethics goes far beyond employee loyalty and morale or the strength of a management team. The ethical operation of a company is directly related to profitability in both the short and long term. The reputation of a business from the surrounding community, other businesses and individual investors is critical in determining whether a company is a worthwhile investment.

The word ‘ethics’ has its origin in the Greek word ‘ethics’ meaning character; norms, ideals or morals prevailing in a group or society. Ethics is concerned with what is right and what is wrong in human behavior judged on the basis of a standard form of conduct/behavior of individuals, as approved by society in a particular field of activity. Ethics may be viewed as the entire body of moral values that society attaches to the actions of human beings. Ethics can also refer to codes or other system for controlling means so that they serve human ends. Ethical standards are often enacted into laws. But ethical behavior is just and fair conduct which goes beyond observing laws and government regulations. It means adhering to moral principles, being guided by particular values, and Behaving in a way people ought to act. The set of principles called ethics may

In conclusion, in our opinion, there are so many standards and criteria to judge whether a consultants’ behavior is ethical and permissible, and code of conduct can hardly be the only criterion since it is too general to cover every aspect in the real business world. Traditionally, code of conduct is an essential way to prevent unethical behaviors in consulting industry, and we can see in the aforementioned case that it did help the consultants to develop the sense of responsibilities and be aware of what they need to do in their work. However, based on some literature, we found out that although the adoption rate of code of conduct is overwhelming, the issue that whether or not code of conduct can significantly improve business ethics has

Wikipedia, defines ethics as "…a study of values and customs of a person or a group. It covers the analysis and employment of concepts such as right and wrong, good and evil, and responsibility." Ethics is a branch of philosophy that deals with what is considered to be right or wrong. Definitions of ethics have been widely proposed, such as “codes of morals of a particular profession”, “the standards of conduct of a given profession”, “agreement among people to do the right and to avoid wrong”. Ethics is all about rules that dictate human behavior and social interaction (Chryssides & Kaler, 1993). Webster’s Collegiate Dictionary defines ethics as “the discipline dealing with what is good and bad and with moral duty and obligation”. In more simple words, it is the study of what is right to do in a given situation, and what we supposed to do.

Business ethics and corporate morals have been evolving over the years, and continue to do so. These guidelines are constantly molding and vary as businesses become more integrated. Costco Wholesale Corporation, is a very successful multinational business, but has had issues in following along with social responsibility trends that come with advancements in domestic and worldwide partnerships.

Corporate fraud has grabbed national headlines repeatedly in the last year. Although, Enron and World Com are two of the highest profile cases of corporate scam, ethics in the business world are generally deplorable. One of the most morally reprehensible cases to hit the newspapers in the past several years is that of Robert R. Courtney. His sense of business and personal ethics reflects moral depravity at its darkest moment. What he did was evil on both a business and certainly on a personal level. As a pharmacist, he was entrusted by patients, oncologists, and major drug companies, to fill prescriptions for cancer patients. He defied and denied this trust. Apparently he owed the IRS $600,000, and ironically

Business ethics are moral and social responsibility that a business is supposed to have towards the community in general. Many companies are concerned about their social responsibility, particularly to the environment and their employees. Our values and morals are our personal guidelines that help us make decisions about what is right and what is wrong. Most companies have policies and procedures it is important for managers and employees to have guidelines to follow in the workplace. I think we all have encountered one of these bureaucracies throughout our lives such as factories, department stores, banks, hospitals, libraries and churches they have rules, regulations and standardized procedures to follow. The reason because there are

An oxymoron acts as a form of figurative language that grasps the attention of the reader and puts emphasis on two or more words. In the context of everyday life we hear some “normal” oxymorons such as “jumbo shrimp, passive aggressive, awfully good, The Great Depression,” and of course, “business ethics.” In terms of “business ethics,” the common misconception still remains that the word, “business” and the word, “ethics” should never be adjacent. Primarily, I find this misconception offensive, but also blatantly incorrect. As a rising business employee, I look forward to continually proving this “oxymoron” incorrect by utilizing the skills I learn to further both my knowledge and the knowledge of the world. Similar to the ideals of companies like the Container Store, Starbucks, and Whole Foods, more companies continually turn to “conscious capitalism” in order to better our world. Throughout my short time at BC, I have found that the term “business ethics” remains plausible in this world and I look to enter my career with a focus on business ethics. After furthering my knowledge through articles, excerpts from books, and videos, I have found that the “myth of business ethics” is blatantly false and due to media bias and the misconception of capitalism, average Americans have built a form of disgrace towards businessmen and women in today’s society.