14 March 2011. Business ethics: Case study Being a manager, I assume the responsibility to ensure my subordinates’ psychological well being along with fulfilling their physiological needs. A manager is not simply a designated and authorized person who is only supposed to pass instructions to the subordinates in order to make their efforts and work consistent with the organizational goals, there actually is much more beyond that which falls into the domain of a manager’s responsibilities…
In fact, an individual can not achieve the purpose and goals of management without taking care of the daily life needs and necessities of the subordinates. In light of the importance of the role of a manager in an organizational context as discussed above, I would allow the assembly line worker to leave early with his/her child’s teacher, though I fully understand that it is my responsibility to be impartial to the maximum extent and equally take care of the needs of his/her coworkers as well. Despite that, it is often not possible for manager to address the needs of all of the subordinates at any one specific time. There are two types of needs that a manager needs to take care of simultaneously. These two needs are the subordinates’ needs and the business needs. Subordinates’ individualistic needs revolve around their personal lives and have often no concern with the business. On the other hand, business needs are directed at the achievement of organizational goals and are often unconcerned with the individualistic needs of employees. ...
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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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