StudentShare solutions
Triangle menu

Summary of chapter 8 - business ethics - Essay Example

Nobody downloaded yet

Extract of sample
Summary of chapter 8 - business ethics

The contract provides the basic framework governing the reciprocal obligations between the employee and the firm. Underlying this reciprocal relationship are certain ethical issues: company loyalty and conflict of interest.
a. Company loyalty is a long held concept. An employee is seen legally bound to be loyal to his/her employer, but extreme view argues that an employee-employer relationship, which is based on self-interest, does not qualify for loyalty, since loyalty is based on a relationship that warrants unconditional sacrifice: loyalty to loved ones or country. To view company loyalty as to safeguard and pursue the firm’s legitimate interest is morally acceptable, but not morally required. To other employees, company loyalty could be a consequence of group identification.
b. Conflict of interest is another common problem confronted even by loyal employees, since basically employees and employers operate from different plane and perspective. This occurs when employees at any level have their own self-interest that collides with their job duties and as such could substantially provoke them to undermine their firm’s interest. Financial investments made by employees with the company’s suppliers, customers or distributors are one of the most common sources of conflict of interest. Many cases of this type had been brought to court and had been proven detrimental to the interest of the company. Companies have their own policy regarding this to define what is permissible and impermissible. Since such policy affects the financial well-being of all involved, this should be subjected to open and free negotiations making it acceptable to all.
2. Abuse of official position ranging from making subordinates take on tasks unrelated to the firm to the use of position for personal financial enhancement, privileges and advantage, always raises ethical questions, as this undermines employees’ obligations ...Show more


This brings them to two general ethical issues: the extent of their overall moral duty and the repercussions they have to face if they blow the…
Author : damariswilderma
Summary of chapter 8 - business ethics essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Summary of chapter 8 - business ethics"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Summary of chapter 8/9
The theme based teaching acts as a connecting thread between teachers and students as it increases the communication level by linking different activities together and by making the theme central to everything that happens in the classroom. This also increases the exchange of information and interdependence between students and teachers rather than keeping the information flow in the classroom only in one-way, i.e.
6 pages (1500 words) Essay
Chapter 8 Reaction
To deal with conflict is a very complex issue, and this chapter starts by explaining various ways in which conflict can be handled by people in time of adverse circumstances. It is very informative to know that Japanese accept the avoiding approach to handle conflict related issue, which I think is the best way to suppress the heat in conflicting scene.
3 pages (750 words) Essay
Chapter Summary
On the other hand, America uses its education system to compare with other foreign countries in a bid to establish itself as a dominant force in this sector. However, from the foregoing, it can be observed that the main theme underlying the article is related to the concept of education.
5 pages (1250 words) Essay
Summary of chapter 9- business ethics
The second is any pre supposition which leads to less than equal treatment and the third is whether the action directly affects a particular group. Job discrimination can also be of different types. The first
4 pages (1000 words) Essay
Summary of chapter 11- business ethics
The dangers of nuclear waste have their own category and are significantly dangerous even in normal use. This chapter focuses on the moral and ethical issues surrounding businesses and the
4 pages (1000 words) Essay
Chapter summary
The author is convinced that schools need to justify their existence by providing students with an engaging and valuable curriculum that will help boys and girls have a strong inducement to continue learning and a good reason to
9 pages (2250 words) Essay
Chapter 8
The most anyone promised us was that we would not be alone in our pain and that we would be able to draw upon a source outside ourselves for the strength and courage we would need to survive lifes tragedies and lifes
2 pages (500 words) Essay
Chapter 8
Due to the fact that the war in Europe had ravaged industry and ultimately destroys the entire economy, the ability of the European sector to bounce back and provide a challenge to Boeing supremacy was diminished. As such,
1 pages (250 words) Essay
Chapter 8
Thus, they get an opportunity to exchange their commodities with those they do not have. As these authors point out, this is very important because it promotes equal development,
1 pages (250 words) Essay
Summary of Chapter 7 & 8
This led to unrests in the country, unemployment, and very high levels of poverty. Guatemala has experienced similar political outcomes as other areas such as El Salvador and Nicaragua. Guatemala is different from other American states mostly due to the levels of
3 pages (750 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Click to create a comment