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Assignment for Business Ethics

   

Added on  2020-05-03

11 Pages2616 Words72 Views
Running head: BUSIENSS ETHICSBusiness Ethics: Gold Mine or Fool’s Gold?Student NameUniversity nameAuthor Note

BUSINESS ETHICSTable of ContentsIntroduction......................................................................................................................................2The Ethical Issue in the Scenario.....................................................................................................2Michael’s Actions............................................................................................................................3The rights theory of ethics...........................................................................................................3Virtue ethics theory......................................................................................................................4Michael’s boss ethical or unethical..................................................................................................4Whistle Blowing..............................................................................................................................5Michael’s stand in whistle blowing.............................................................................................5Defining Whistle Blowing...........................................................................................................6Motivators of Whistle Blowing...................................................................................................6Ethics is relevant for the company because.....................................................................................7Developing a Responsible Organization.....................................................................................7Ethical Practice Enhance Productivity.........................................................................................7Correcting Wrongdoings.............................................................................................................7Protecting From Legal Challenges..............................................................................................8Conclusion.......................................................................................................................................8Reference.........................................................................................................................................9

BUSINESS ETHICSIntroductionEthics tells more than just few codes and policies, it highlights moral principles ofsomeone. Business ethics is a significant part of ethics where corporate social responsibility inintegrated (Crane and Matten 2016). The business ethics tells how the employees andmanagement should maintain the ethical behavior within the organizational environment. Anyeffective organization is built upon certain business ethics that guides the organization towardsthe right direction of business performance. The selected business scenario highlights variousethical concerns one might face within an organizational structure and how he should deal insuch situations. The Ethical Issue in the ScenarioMichael Vasquez works for the start up firm and enjoys the professional challenges(Weber 2001). However he is suffering from an ethical dilemma that his boss has created forhim. His boss has handed him over the confidential documents of their rival company. Thedocuments consist of ‘private and confidential’ information about the competitor’s pricingstrategies, product plans and partnership agreements. Michael asked his boss to know where didhe get these confidential documents and he answered that he stole them from their privateintranet. However upon realizing that this is getting suspicious to the boss explained that he didnot break any password and accessed it through a colleague’s help. Michaels knows that thenews of his company’s acquisition of other company’s confidential data will affect his

BUSINESS ETHICScompany’s reputation greatly. He is suffering from the ethical dilemma, which is whether heshould use the information for their company’s benefit or not (Johnson 2017). He searched forcompany policies to get clear direction and assistance but could not find any. He feels that usingthe personal data is not only unethical but also illegal. Michael is worried this thing can happento him and his company and he is having hard time to accept that his company is applying suchlow and unethical strategies to gain competitive advantage. The utilization of that confidentialinformation is capable of giving him and his company a competitive advantage but it mightcause great negative impact on the company in future (Ferrell and Fraedrich 2015). Therefore hatseems to be the gold mine might turn into fool’s gold. Michael’s ActionsThe rights theory of ethicsThis is a moral theory based on the act utilitarianism that helps someone to decide whatthe right moral duty for someone to fulfill is (Hayry 2013). The ethical theory helps theprofessional to maximize the well being of the company. Michael knows that this private andconfidential data of other company will help them achieve certain competitive advantage but iscapable of causing harm for the longer term. As Michael is suffering from the dilemma that he is working for a company that could goso low for achieving certain competitive advantages. In order to overcome this dilemma Michaelshould evaluate the company strategies and find out whether his company has beenimplementing this procedure regularly. This will help him to decide if this job is really suitablefor him or not. His evaluation will lead him to the realization that how the organizational culturecan be improved without such tactics (Ruiz-Palomino and Martínez-Cañas 2014).

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