Whistle-blowing is “the act of exposing an employer’s wrongdoing to outsiders (external to the company) such as the media or government regulatory agencies” (Ferrell, Fraedrich, Ferrell 183). Obviously, as with any situation that involves reporting somebody to the…
However, it could be a negative situation if the whistle-blower is perceived to be a tell-tale or a snitch. If a person actively goes out of their way to dig up all kinds of dirt on people, they might seem more like a spy than a good employee of a company. Some people might also be tempted to get revenge for personal matters by seeking out minor infringements and reporting them out of proportion.
My own views on whistle-blowing are that it is a necessary part of organizational ethics. In an environment where any misdeed could go unpunished and unnoticed, I think people would tend to be less likely to act ethically than one in which misdeeds were reported. Even though there is the potential for people to abuse the whistle-blowing system, I believe this potential is offset by a much greater reduction in unethical acts of other ...
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According to the task, these ethics can be explained in many different theories of ethics that include virtue ethics, rationality, utilitarianism, communitarianism, social ethics and normative ethics. Hence, international business ethics and corporate governance can be explained in various ways (Casson 95).
Business ethics are rules as well as standards which an organization is required to follow while performing its activities or operations. It mainly consists of moral standards which vary among organizations and it also helps in determining the right and the wrong decisions.
For example, according to the limited knowledge of the researcher, Magna Carta of 1215 was the first legal reference for ethics in UK (Holme, 2008). However, magnitude of importance for ethical perspective of business operation has been increased manifold in recent years after the financial scams by corporate such as Enron, Lehman Brothers, Worldcom, Nortel and many others came to the light.
Business ethics theories are often adopted by organisations seeking to curb practices that are deemed as corrupt. They usually have moral principles that organisations can implement to make sure that all the workers operating in the company conform to accepted codes of behaviour
Examples of ethical issues concerning three different issues have been explained along with their alleged law suits that have flagged these issues in the United States.
Business ethics are the moral eternal, abstract, and the
To some, the suggestion that an orderly and analytical process of decision making, not only on a personal level – but more so in business, should include the discussion of highly controversial ethical issues, about which
The other group of business people takes it as avoiding activities that portray bad image of the company. If the above are not considered as business ethics the business institutions may suffer loss or may earn the business bad reputation.Business people believe that if good business ethics are adhered to then the business will experience an upward trend with a lot of profit.
A similarity between ethics in the United States and ethics in Asia is that they address a variety of similar factors such as pollution, corruption, fraud and contracts among others. Although approaches to dealing with
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