The aim of the report is to analyze the importance of ethical issues in organizations. The report contains a description of the various theories of ethics and the best ethical theory that will fit for the royal commission. The report further contains an elaboration of the APES 110 code of ethics.
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Running head: ANALYSIS OF THEORY OF ETHICS Analysis of Theory of Ethics Name of the Student Name of the University Author’s note
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1ANALYSIS OF THEORIES OF ETHICS Executive summary The aim of the report is to analyse the importance of ethical issues in the organisations. The organisations faces several issues, which are linked to the ethical issues. In order to direct the employees the organisations surveys various moral philosophies, which helps them to maintain ethics in the organisation. The report contains a description of the various theories of ethics and the best ethical theory that will fit for the royal commission. The report further contains an elaboration of the APES 110 code of ethics. Table of Contents
2ANALYSIS OF THEORIES OF ETHICS Introduction................................................................................................................................3 Discussion..................................................................................................................................3 Ethical theory that royal commission should adopt to bring ethics among employees...........10 The application of the APES 110 code of conduct for freedom insurance sales agents.........10 Conclusion................................................................................................................................13 Reference..................................................................................................................................14
3ANALYSIS OF THEORIES OF ETHICS Introduction Continuing ethical conduct is indispensable for any establishment, it guide the organisation to work in a manner that help the company to comprehend the art of behaving with the clients and the other investors of the company. The ethical code of the establishment encompass all the informations of the behavioural issues that the workers of the company should follow while interrelating with the exterior parties. Several ethical matters that are connected with the organisation are difficult to manage and that become that main reason for the rise of the unethical practices in the organisation. Discussion Beforeselectingthebestethicaltheorywhichwillbeeffectivefortheroyal commission it is required to analyse the provisions of the teleology ethical theories. The ethical theories that are associated with every organisation are explained below: Teleology Teleology Justice ethics Virtue ethics Relativism Explanation of the teleology theory of ethics The teleology theory of ethicsconsiderstwo issues these are utilitarianism and egoism Egoism theory of ethics
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4ANALYSIS OF THEORIES OF ETHICS . The ethical egoism is different from the psychological egoism, which states that peoplecan only act for their individual concern. In the modern days people become very self- centred and they only considers about the welfares of their own and disregard the interest of others. The two main difficulties that rise from ethical egoism is that the ethical egoism cannot provide any clarification when any problem reap up which results into conflict of interest. There are many ethical issues, which are related with egoism. For example if any industry wants to discharge material waste to a river, the people who are inherent on the bank of the river will be in conflict. In this condition, the ethical egoism just advises the parties to do whatever they think justified. It will not give any suggest any type of solution. Ethical egoism is related with the honest act of an individual. Ethical egoism does not follow any principle of impartiality. It is unethical to differentiate against people on the ground of race, gender, or ethnic origin. The ethical egoism states that it should not try to be impartial. Utilitarianism theory of ethics The theory of utilitarianism states that whether activities should be engaged or not is dependent on the significances of those actions. The main idea of the theory is that whether any action is flawed or right it rest on the possessions of the action. The utilitarian’s always believe that the determination of the ethics is to ,make life better by doing some actions which will carry happiness for the others and declining the negative approach that brings unhappiness to any others life(Fusch & Fusch 2015). The basic opinions of utilitarianism are stated below: It only imitates goodness for greatest number of people. The theory of utilitarianism contemplates examination of cost benefits
5ANALYSIS OF THEORIES OF ETHICS The theory of teleology trusts in equal reverence and opinions some characteristics as inherent right. The teleology theory is riveted on the privileges of the distinct persons and not on the significances of the actions to defend the right of the individual. The teleology theory of ethics proposes that human beings have certain basic liberty like agreement confidentiality talking and due procedure. Teleological ethics is a model of ethics founded on a non consequentialist opinion of the persons and ethical strategy making. Thus, teleological ethics upholds that activities are not right by their implications. Relatively issues other than decent consequences regulate the appropriateness of actions(Gardneret al2017). The theory of utilitarianism states that “the ends justify the means” whereas teleology states, “it is the mean that are important”. Teleology ethics – the positive subservient Teleology ethics is stuck in the categorical imperative. The categorical imperative simply states that our interior responses are skimpier than our external occupations when an individual flip the moral actions back on ourselves. Teleology theory usually rejects any ethical theory stranded in god or higher complete certainty. At its fundamental, teleology ethics is a faithful duty based model of objective, social morality that someway exceeds and attaches the personal authenticities of each individual in the nation(Vitellet al2016). Teleology ethics states how individual really determine what is wrong and what is right A rule teleology theory offers logical importance to guidelines relatively than any specific choices or values. Rule teleology is based on the ethical issue in making ethical
6ANALYSIS OF THEORIES OF ETHICS conclusion.The theory of rule teleology does not make difference but it only obscurities a prearranged rule. Rule teleology is of no use where the meticulous rule cannot be used to make the decision that whether the statement is ethical or not. Rule teleology disregard the uncommon roles that implicate responsibilities that social contacts play in the moral system, particularly with appreciation to standardise the appropriate standard to evaluate moral behaviour. The theory of rule teleology give more importance on the criteria, which is related with the character growth of any individual(Einarsen et al 2017). The rule teleology frequently create dilemma in doing any act. For example if a scientist finds that, a specific country is going to unveiling a chemical attack on another nation and those results into major collapse of the country. The scientist though knows how to prevent the chemical attack but the rule teleology will stop the scientist from doing so as such act is immoral for the occupation of the scientist(Chang et al 2018). An act teleology is an ethical theory that gives emphasis on the rational importance to specific ethical decisions rather than succeeding to any rules or principles. The act teleology is impeccable for every state as it makes ruling of every complaint and take choice based on that decision. The theory of act teleology statuses that the significance of the act will choose that whether that enactment will be considered as ethical or unethical. The act teleology deliver extra significance on the parts and accountabilities of the social contracts play in conclusive the moral act of any performance(Schroeder & Schroder 2015). Act teleology under no circumstances give importance on the individual features but it give status on the activities of the individual(Baker & Velasco-Guachalla 2018).
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7ANALYSIS OF THEORIES OF ETHICS The theory of teleology elucidates that the principles is related with the rules of the nation. The theory of teleology states that whether an action is right or wrong depends on the fact that the action is ethically correct in one culture but it can be wrong for another society. For the ethical theorist there is no regulation that can be globally appropriate to all peoples at all times. If ethical relativism is correct then there can be no common arrangement for defining ethical divergences for accomplishment of arrangement on ethical difficulties among members of dissimilar philosophies(Babalola et al 2018). Many ethicists does not accept the theory of ethical egoism. According to them, that it may be possible that the ethical principles will differ for different culture but it can be stated that the basic code for every ethical movements are same. Moral egoism delivers the consciousness that there is no universal or complete set of moral values. It is a variability of morality that believers ‘to each her own” and those who monitor it say “is I am the right person to judge”. The moral relativism can be implicit in several ways these are stated below: Expressive ethical possibility also known as social contingency expresses that the moral values are socially different which is normally right. There are some moral values like decency and respect, that appear closely general for all nations, but many changes seem across nation when persons measure moral values all over the world. Meta ethical moral contingency statuses that there are no detached bases for favouring the ethical standards of one culture over another. Civilisations make their ethical selections founded on their single principles customs and performs. In addition, in fact individuals inclination to trust that the precise moral ideals are the values that arise in their individual viewpoint(Grad & Frunza 2016).
8ANALYSIS OF THEORIES OF ETHICS Normative moral teleology is the impression that all civilisations should receive individually other’s dissimilar ethical values given that there are no general moral values. Most theorists however cause problems with the fact. For example just because exploitation is satisfactory in some cultures but it is not acceptable that all states will promote the culture of bribery(Burton et al 2016). Moral utilities is on the other hand states that there is continuously one correct answer to any moral query. Undeniably, those who obey to moral eventuality would say that it is required to behave different with different situation(Kennedy 2016). The teleology morals assistances to understand what it means to be a good human being, and it directs an individual for living a life deprived of giving us precise guidelines for decisive ethical dilemma. The teleology ethics is the assignment to comprehend the need to live a life of ethical personality. This personality based method to morality commences that individual attain the feature through repetition. By dedicated being truthful, daring, substantial a person, develop a estimable and moral character. According to the ethicist by giving more importance on the righteous customs, people will possibly spot the correct choice when challenged with moral challenges(Dal Pont 2015). Invigorating or corrective fairness follows to make complete of those who have agonisedunethically.Retaliatoryjusticefollowstopunishcriminalspreciselyand correspondingly. In addition, practical fairness means to applying legal conclusions in contract with fair and neutral process(Guillén Ferrero & Hoffman 2015). The word justice is related with impartiality. However, every individual’s wants justice but the sense of justice is different from different individuals. For example, mutual
9ANALYSIS OF THEORIES OF ETHICS justice is of the view that everyone ask for corresponding monetary, essential and communal chances irrespective of the race, gender or religion. Distributive honesty refers to the sensible delivery of properties in the society. Conservational justice is the fair behaviour of all people with respect to conservational masses and supports(Bhadily & Hosie 2016). Justice is measured to be the utmost substantial ethical values in the scopes of law and policies. Legal and political systems that reserve law and command are needed, but they cannot complete either, if they also attain neutrality. Ethical theory that royal commission should adopt to bring ethics among employees From the above discussion ofthe theories of teleology ethics it is found that, the theory of teleology will be effective for the royal commission. Among all the theories of the ethics, the royal commission should adopt the egoism and the utilitarianism theory of ethics. As the egoism, theory of ethics deals with the actions of the group of people and the results of the actions will determine whether the action is ethical or unethical. The teleology theory has two factors that is the egoism and the rule of utilitarianism. By putting on these theories, the company can bring fairness among the activities of the company. The company has recently faced several unethical practices in particular to the banking and insurance departments (Astrauskaiteet al2015). It came to the notice of the royal commission that the sales personnel are taking unethical means to meet their target, which affects the wealth of the clients and the reputation of the company. The theory of teleology give priority for the wellbeing of every individual and protects the interest of all the stakeholders of the company(Shim Chung & Kim 2017).
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10ANALYSIS OF THEORIES OF ETHICS The act of teleology measures all actions and then give judgements give decisions so by applying this theory the company will be able to take decisions in accordance to the acts that has been done by the sales personnel of the royal commission(Jaber & Fadda 2016). The application of the APES 110 code of conduct for freedom insurance sales agents The sales team of the freedom insurance for their personal interest use inappropriate strategies that results in to unethical practices and that consequences into breach of the guidelines of the APES 110. The company faces issues relating to the ethics and for that reason, it faces customer complaints which obstructs their acts(Vitell & Hunt 2016). The structure of the apes 110 are stated below Threats to the basic principles can be easily identified Evaluation of the significance of the threats and Apply securities where essential to either eradicate the pressures or lessening them to a appropriate level. The code contains five basic principles these are enumerated below oObjectivity oIntegrity oConfidentiality oProfessional skill and due care oProfessional behaviour Objectivity of the sales agent of the insurance company
11ANALYSIS OF THEORIES OF ETHICS For every professions it is vital to have prearranged objective based on which the individual will perform their duty. The sales agents of the company should have fixed an objective and should act accordingly. The objective of the sales personnel should be ethical and moral. The sales personnel should not exaggerate the products and sell the products by giving false expectations to the clients(Mo & Shi 2017). Integrity of the agents Integrity is the responsibility to be honest and truthful in the dealing and nothing to hide. Integrity is the pillar of every successful and respected professional. Therefore, the sales agent of freedom insurance should possess integrity among them(Trung 2015). Confidentiality Confidentiality is the key ethical issue that the sales personnel has to continue. The prerequisite to obey with the principle of confidentiality continues even after the sales personnel sale the product to the customer. However, there are times when a professional is expected to discontinuity this code and this is clarified in the section 140 of the code. Professional skill and due care of the sales agents of the company The core ethical duty of a marketing professional is to be able to do what they hold themselves out as being able to do. This is a disparity of the integrity principle. Section 130
12ANALYSIS OF THEORIES OF ETHICS sets out the code of professional competence in more detail. The marketing professionals should have these qualities to deliver: To preserve specialised knowledge of the products and ability at the level essential to ensure that clients receive proficient professional service. To act diligently in agreement with the suitable practical and specialised values when providing professional ability. The sales agent of the freedom insurance company should also follow the ethical professional skill so that there acts does not breaches the code of conduct detailed by the APES 110. Professional behaviour of the personnel of freedom insurance The professional behaviour determines whether the particular staff has rendered its service ethically or not. The unprofessional behaviour of the sales personnel of freedom insurance has raised the ethical issues and the company has to face problem. Conclusion From the above discussion, it can be concluded that the royal commission has adopted the policy of teleology theory of ethics that enables the company to bring ethics in the working environment of the company. There are several theories of ethics among which the theory of egoism and utilitarianism best suited to manage the present situation of the company. The APES 110 code of conduct on the other hand prescribes rules for the sales personnel of the freedom insurance following which the company will be able to restrict the unsuitable sales tactics accepted by the agents.
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