Case Study on Business Ethics
Added on 2020-04-29
11 Pages2476 Words100 Views
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BUSINESS ETHICS2 | P a g eTable of ContentsIntroduction.....................................................................................................................................3Ethical Issues....................................................................................................................................3Requisite Steps to be undertaken by Michael.................................................................................4Unethical Boss of Michael...............................................................................................................5Whistleblower: Michael...................................................................................................................6Relevance of Ethics in Business.......................................................................................................8Conclusion........................................................................................................................................9References.....................................................................................................................................10
BUSINESS ETHICS3 | P a g eIntroduction In the daily life of each and every individual, they come across different ethical issues, wherethere is a need to make a decision regarding two alternative choices in which there is a need tomake the right decision, particularly when making the wrong decision seems to be an easierand a profitable decision. Through ethics, which present the codes and standards, the decisionsand behaviour of people is governed, based on the morality and values followed by suchperson. On the basis of trust, integrity and complex issues like diversity, governance andcompliance, the ethical decisions are undertaken. When it comes to the businesses, they arefaced with ethical decision making process quite often, and this have to be solved on thebackdrop of ethical integrity. Through this discussion, the business ethics in context of the givencase study have been analysed. Ethical Issues The case study highlighted a key ethical issue and this was related to the lack of a propermethod being used for attaining the data of a competitor, in addition to the objectives ofgetting this information. The intelligence spying of competitors is deemed as an unethicalmanner of getting the confidential data of another company, for the benefit of the company inwhich the person works (Garfunkel, 2014). The competitive intelligence spying is deemed asunethical as the information of the competitor, which is attained by the company, is private andmaterial information, which has the power of dismantling or gravely harming the competingcompany and by using this confidential information of the company, the other company can
BUSINESS ETHICS4 | P a g ereap benefits. The competitive intelligence spying is also deemed as corporate espionage and isdeemed as an unethical behaviour, the roots of which are in the information being gathered insuch a way which is deemed as illegal. Where the loopholes of the law are taken advantage of,in order to consider it as a legal task, it still remains unethical due to the focus over the word oflaw, in place of the spirit of law (Ferrell, Fraedrich and Ferrell, 2016).The case study which has been given shows that the competitive information was obtained bythe boss of Michael, as he hacked into the private intranet of the competitor, which is deemedas an illegal thing. Later on, the boss made a statement where the unethical conduct was againhighlighted particularly for the manner in which the information had been attained by the boss.The reason for obtaining the information was to get the personal benefit for the company. As aresult of this, the competitive intelligence spying, the ethical issue was raised in the given case(Daft and Samson, 2014).Requisite Steps to be undertaken by Michael The given case study shows that Michael was required to undertaken certain measuresgoverned by the two ethical theories, i.e., utilitarianism and virtue ethics. As per the ethicaltheory of utilitarianism, such an act has to be undertaken through which the benefit of themajority is attained and the utility of the action is maximized (Bykvist, 2010). By following thistheory, the actions are deemed right when the happiness is promoted and is spread between ahigh numbers of people. Through this theory, pleasure and happiness is deemed as the keyvalues, which a true utilitarian upholds in their actions, through which the happiness ofindividuals is deemed as the main goal, instead of being focused on the happiness of a single or
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