This document discusses the importance of corporate social responsibility and business ethics in any firm. It also covers consequentialism, deontological reasoning, and moral sentimentalism in ethical decision making.
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Student’s Last Name1 Business Ethics: Assessment 3 By (Name) Course Professor University Date
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Student’s Last Name2 Question 1 In any business setting, managers are faced with dilemmas and quandaries regarding to how they will employ resources, carry out a certain tasks and how to establish certain policies. Observance of corporate social responsibility and business ethics is vital to any firm. This is due to the fact that business facilities do not exist in vacuum but in societies that dictate their actions. In their practices, the managers have to consider the ethical or moral standpoint of their decision in question. A company’s operations impact the local communities nearby (Parsons, et al., 2014, p. 84). Corporate social responsibility demands that businesses must earn trust, approval and acceptance from their societies. Pride, et al., (2019), assert that the relevant stakeholders in businesses should be customers, employees, suppliers and the general public. In their managerial decisions, many managers consider analysing the consequences of a certain decision. Managers subtly conduct cost-benefit analyses to determine whether to take particular actions. This kind of reasoning is referred to as consequentialism. As the name suggests, the ethical reasoning is based on the idea that which is good or right is that which results into good consequences. The rightfulness or wrongfulness of a decision is based on its outcome. According to Shaw et al., (2013), the right act is that whose effect causes more good than harm. Among the historical advocates of this kind of reasoning were economists John Stuart Mill and Jeremy Bentham; and authors Ayn Rand, Thomas Hobbes and Bernard Mandeville. In the business field, consequentialist reasoning is evident when managers measure the impact of their decisions according to the effects and outcomes. Businesses ought to adopt moral perspectives in decision making processes at their workplaces (Boatright, 2012, p. 38). For instance, before firing an employee, a manager may analyse the impact of the firing. The manager may consider questions such as: How will the other employees react over
Student’s Last Name3 the firing? Is the employee’s value to the firm absolute? Who are the immediate beneficiaries to the employee? What could the manager have felt if he was in the same situation as the employee? Here the general principle of ‘treat others as you would like to be treated’ may make the manager overturn his/her decision and decide to keep the employee, or, he or she may confirm the firing. Business managers are caught in the horns of ethical dilemmas as they weigh whether a particular action is right or wrong and whether the managers are the right people to execute such decisions (Beauchamp and Childless, 1994, p. 12). Ethical reasoning demands that a manager must make a decision which conforms to corporate social responsibility and business ethics. Evidently, consequentialism reasoning has helped me conquer many dilemmas. For instance, when I was partaking my end of semester exams, my cousin had invited me to her wedding. Despite being wedded, to my friend, I turned down the invitation after weighing the cost I was to pay if I would not pass my exams. Question 2 Throughout the tri-semester, I have had difficulty in understanding the lecture in week three. In the lecture, the lecturer was talking about another type of ethical reasoning initiated by German philosopher, Immanuel Kant. The lecture touched on Deontological reasoning and to me, it was almost opposite to Consequentialism. According to my interpretation, while consequentialism mainly focused on the outcome, Kant’s theory mainly focused on the actions. While consequentialism suggested that the ends justify the means, deontology claimed that the means justify the ends. The fact that the lecture happened in week three, only a week after being introduced to consequentialism and utilitarianism may be among the primary reasons why I had difficulties in understanding Kant’s Deontological reasoning. Throughout the lecture, I failed to understand how Deontological thinking was a science of
Student’s Last Name4 duty as defined by (Alexander and Moore, 2016, n.d.) Kant’s three categorical imperatives were also very difficult not only in comprehension but also in practice. The idea that an action should be praised or blamed based on its motive and not its consequence is objectionable. However, I could gather some of the key principles in Immanuel Kant’s deontological theory. In Kant’s theory, an action’s moral standard should be weighed from the sentiment or the reason behind the action by the doer. Kant further suggested that we can all be moral so long us we have a good sentiment or good will in our actions. Kant’s deontological reasoning suggests that our actions should be guided by good motives. Moreover, I understood that the three categorical imperatives were set as rules or guidelines which would enable us perform our duties for duties’ sakes. Kant’s theory suggests that the categorical imperatives are the guidelines to facilitate the conformity between actions and duty. Moreover, I understood the first categorical imperative as a rule that demanded that our actions should be done in such a way that they can become the universal law (Bowie, 1999, p. 4). For instance, if we can suggest the act helping the needy as a universal law, then we should help the poor. If we think killing our neighbours should become the universal law, then we should kill! Question 3 A third class of moral advocates referred to as Moral Sentimentalists implied that ethical decisions should be based on emotions rather than ration. Renowned philosopher, David Hume suggested that morality is much felt rather than judged (Hume, 1739, p. 470). This class of moralists and philosophers believed that sentiments, emotions and empathy should be highly considered when determining our moral standpoints. Moral Sentimentalism suggests that our actions and virtues primarily felt rather than being known (Mathias, 2008, p. n.b). Savur, Provis and Harris, 2018 affirm James Rest’s moral decision model which
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Student’s Last Name5 suggests four components which include: recognising a moral issue, making a moral judgement, establishing a moral intent and engaging in moral behaviour. The scholars emphasize that the first step- recognising the moral issue- is vital to any individual willing to make an ethical decision. Emotions and sentiments play a large part in determining a person’s integrity and character. In my work place, I intend to develop an emotional touch in my decisions. Previously, I have been employing a ‘rational’ type of reasoning in my decisions. I have been applying rules as per the logical sense of it, ignoring emotions. For instance, I could punish a junior employee for failing to attend his duties in time, regardless of the cause why he or she was late. In a case an employee was absent without prior notifying the management, I confess that despite having any logical reason, he/she would face the ‘appropriate’ sanctions. My colleagues therefore see me as a callous individual who cannot bend to any circumstance. However, after acquaintance with the lectures, I now acknowledge the need to consider emotions and sentiments in ethical decision making. The value of employing emotional moral standards and integrity in businesses is normally under looked. Regardless of our cultures, we should employ adjustable sets of ethical standpoints in our workplaces. A difference in culture or society does not necessarily translate to a difference in ethics (Grace and Cohen, 2010, p. 267). For any professionals aiming to conserve their previous success in their work places, employment of ethical reasoning in their decision making is fundamental (Caligiuri and Tarique, p. 281). Our sentiments in our day-to-day activities foster integrity and transparency. Having a good will in our decisions ensures that ethical standards are met.
Student’s Last Name6 Bibliography Alexander, L. and Moore, M., 2016. Deontological Ethics. Stanford Encyclopedia of Philosophy Beauchamp, T.L. and Childress, J.F., 1994 Principles of Biomedical Ethics, 4th ed., Oxford University Press, New York, Oxford. Boatright, J.R., 2012. Ethics and the conduct of business, 7th ed., Pearson Education, Inc., Upper Saddle River, New Jersey, USA. See chapter 2 ‘Ethical Decision Making’, pp. 22-49. Bowie, N.E., 1999. A Kantian approach to business ethics.A companion to business ethics, pp.3-16. Caligiuri, P. and Tarique, I., 2016. Cultural agility and international assignees’ effectiveness in cross‐cultural interactions.International Journal of Training and Development,20(4), pp.280-289. Caligiuri, P., 2012.Cultural agility: Building a pipeline of successful global professionals. John Wiley & Sons. Grace, D. and Cohen, S., 2010. Business Ethics, 4th ed., Oxford University Press: Australia & New Zealand, chapter 11, pp. 265-297. Mathias, M.B., 2008. ‘Moral Sentimentalism’, in RW Kolb (ed.), Encyclopedia of Business Ethics and Society, Sage Publications, Thousand Oaks, Calfornia, USA, online. Parsons, R., Lacey, J. and Moffat, K., 2014. Maintaining legitimacy of a contested practice: How the minerals industry understands its ‘social licence to operate’.Resources Policy,41, pp.83-90.
Student’s Last Name7 Pride, W.M., Hughes, R. and Kapoor, J., 2019. ‘Ethics and social responsibility in business’, in Foundations of Business, 6 th ed., Cengage Learning, USA, pp. 35-65. Savur, S., Provis, C. and Harris, H., 2018. Ethical decision-making in Australian SMEs: a field study.Small Enterprise Research,25(2), pp.114-136. Shaw, WH, Barry, V., Issa, T. and Catley, B., 2013. Moral Issues in Business, 2 nd ed., Cengage Australia, Melbourne.