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Business Ethics & Sustainability Assignment

   

Added on  2020-05-11

10 Pages2409 Words61 Views
Running head: BUSINESS ETHICS AND SUSTAINABILITY
Business Ethics and Sustainability: Ethical Dilemma
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BUSINESS ETHICS AND SUSTAINABILITY
Introduction
Business ethics are important for any organization to operate with reputation and
sustainability. Ethical practice is based on the honesty and trust which is beyond the company’s
only concern with profitability. In the business world of 21st century the ethical misconducts
have caused great problems for many large organizations (Spencer-Cooke and van Dijk 2015).
The following analysis of certain case studies demonstrates some practical examples of ethical
dilemmas in business practices. Some ethical dilemmas are personal; some are in global
perspective (Weiss 2014). Overcoming the ethical dilemmas successfully will help the company
to build the commitment and trust among its stakeholders, employees and consumers.
Ethical dilemma in Producing Children’s Toys
As a responsible product manager it is my responsibility to ensure the productivity and
competitive edge of the service. He takes initiatives that materialize the organization’s desired
goals. However in order to increase the product managers often compromise with the ethical
conducts. In the business of producing children’s toys the product manager did not consider the
ethical practice of manufacturing the toys in the foreign country like most toy manufacturing
companies (Tariq Anwar 2014). Even after experiencing that the host company is not following
the procedures that are aligned with the organizational ethical codes and conducts. The manager
also observed that how the children are involved as manufacturing labors (Rigg and Salamanca
2015). As the organization would experience large cut in the manufacturing expenses the product
managers ignored all these issues.

BUSINESS ETHICS AND SUSTAINABILITY
Responding to this Dilemma
There are three two ethical issues in front of me; one is that the manufacturing company
is not following the standard manufacturing procedure and second is that the manufacturing
involves child labor. If the company’s involvement with child labor is exposed it will not only
greatly affect the organization’s reputation but also the adult employees whose lives are
depending upon the manufacturing operations. As a deputy manager if I close down the
manufacturing system some other company will take up the opportunity and the children will
continue to suffer. As a responsible business practitioner I have ensure the educational
development for the children. In order to do that I will have to raise the parent’s wages and make
it mandatory for the children to attend the school for certain time of the day and then they will
work for less time. The organization has to bear the education cost for those children as well.
Ethical dilemma in Pharmaceutical practices
The regional marketing manager of PharmChemCo has just come to know about a bad
news from the recently held meeting by one of the Vice Presidents. The scientists at SFW
University research lab the scientists have discovered that the best herbicide of the company has
elements that can cause harmful side effects. The news has been kept hidden so far but news is
going to get published soon that will harm the reputation of the company (Goldacre 2014). The
meeting was held to find out possible solutions. The marketing manager was also suffering from
another conflict whether he should inform his friend about it or not. His friend has invested
significant share on the company and encouraged his clients to do so. If he tells him about the

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