Essay on Business Ethics
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Added on 2020-07-23
Essay on Business Ethics
Added on 2020-07-23
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BUSINESS ETHICS
Table of ContentsINTRODUCTION...........................................................................................................................1TASK1.............................................................................................................................................11.1 Background and the development of theoretical ethical methods, using theories................11.2 Comparison as well as contrasting absolute and relative ethics...........................................21.3 Ethical issues which effects business activities....................................................................3TASK 2 ...........................................................................................................................................42.1 Business objectives affected by ethical considerations.........................................................42.2 Implications for business and its stakeholder to work ethically...........................................5TASK 3............................................................................................................................................63.1 Role of Jaguar acting as a moral agent..................................................................................63.2 Development of mechanisms to achieve employee involvement and enlargement..............6TASK 4............................................................................................................................................74.1 Ethical issues which effects Jaguar.......................................................................................74.2 Improve ethics of organisation..............................................................................................84.3 Create ethical code................................................................................................................9CONCLUSION ...............................................................................................................................9REFERENCES.............................................................................................................................10
INTRODUCTIONBusiness ethics is a way which studies the principles as well as moral and difficultiesrelated to ethics that originates in the business surroundings. It is also known as corporate ethics,It is applicable in each characteristic with regards to the business conduct and people of the firm.These are generally arises either from individuals or legal system of an organisation (Audi,2012). Business organisations should follow corporate morals so that they can increase welfareof people. Volkswagen is one of the biggest multinational German automotive company. It'sheadquarter is situated in the Wolfsburg, Germany. It serves in every country around the world.Its vision is to be the most creative high volume producer serving high quality in every class. Itsmission statement is to draw attention, secure as well as environmentally sound vehicles that cancontend in a difficult market and set standards. In this report various ethical aspects of thiscompany has been explained to determine its future growth (Bageac, Furrer and Reynaud, 2011).TASK11.1 Background and the development of theoretical ethical methods, using theoriesEthics shows the attitude of a business that in which way it operate its activities. Thereare some theories of ethical development which are following as under :Duty-Based Ethical Theory: This type of ethics is basically concentrates on performingthe action rather than its result. It is also known as Deontological theory. It is given by EmanuelKant. It is non-consequential. The main characteristics of this is responsibility as well ascategorical imperative. It is applicable to each and everyone. It believes in high moral excellencethat comes from performing whatever that one supposed to do (Bardy, Drewand Kennedy, 2012).Utilitarian Ethical Theory: This theory refers to the happiness of the larger number ofindividuals in society is examined as greatest good. In other words it means, an action is termedethically right if its results directs to happiness. It is given by John Stewart Mills. It isconsequentialist. Its main feature is to explains the means. It is relative that means subjective.Teleological Ethical Theory: This theory refers to the moral responsibilities from what isin demand to be accomplished.It is given by Aristotle. It is non-consequential. Its main aspect isvirtue. It is applicable to everyone (Belak and Milfelner, 2011).
Consequentiality Theory : According to this theory consequences of certain thingsdepends upon moral activity of individuals. The results of outcomes can be positive and negativeor favourable and unfavourable. Hence, these theories if ethics which determine the behaviour of business enterprise.1.2 Comparison as well as contrasting absolute and relative ethicsBusiness ethics help organisations to work ethically and also tell them about right thingsand wrong things. Through following correct actions individuals can follow their different dutiesand rules within company. Due to the environmental changes and also entrance of differentcultures has changed moral belief, because of that individual's mentality and way of thing is alsomodifying. Belief system of a person is different from another person for example if one thinksthat terrorism should be encouraged and other individual think it is damaging human beings(Biktimirov and Cyr ,2013). That is why it is said that ethical beliefs in influenced by religionand background. There are two approaches of ethical theories which are highly popular such asabsolute and relative theory which is also known as Deontological and Teleological ethics. According to absolute theory people follow only one verity and rule of conduct.Everyone should adapt the truth and should also aware about it. On the other side relative ethicshuman being should follow only single motive standard. But due to different mentality ofpersons, people obey antithetic moral ides and belief which determine that there is no stability inmoral standard. With the help of comparison chart, differentiation of absolute and relative ethicscan be determine easily, which is following as under :Deontological ethicsTeleological ethicsAccording to this there is only one universalstandard.Relative ethic states that in world, there is nocomprehensive standard. It says that there is a huge difference betwixtpositive and negative.As per this ethic there is no difference betweenpositive and negative (Brief, 2012).1.3 Ethical issues which effects business activitiesBusiness organisations should operate their practices in ethical way so that social welfarecan be improved. If company run their activities in ethical way then it can build their highcorporate image in the mind of individuals. Enterprises should take important decisions toconsider its moral issues (Calabretta, Durisin and Ogliengo Ciulla, 2011). There are various
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