Business Ethics Assignment
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Added on 2020-04-29
Business Ethics Assignment
Added on 2020-04-29
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CASE STUDY2ContentsIntroduction......................................................................................................................................3Ethical Issues...................................................................................................................................3Steps to be taken by Michael...........................................................................................................4Michael’s Boss: Unethical...............................................................................................................5Michael as a Whistleblower.............................................................................................................5Relevance of Ethics in Business......................................................................................................7Conclusion.......................................................................................................................................8References........................................................................................................................................9
CASE STUDY3Introduction On daily basis, people have to face a number of ethical issues, where a choice has to be madebetween two alternatives, where the right decision has to be made instead of the wrong one, evenwhen the wrong decision is an easier and more profitable decision. Ethics are the codes whichgovern the behavior and the decisions which are taken by the individuals, on the basis of thevalues and the level of moral which they follow. The ethical decision is made on the basis oftrust and integrity and includes complex issues like compliance, diversity and governance. In the sphere of business, several times such ethical decisions are raised, which has to beresolved, keeping in mind the ethical integrity. In the following parts, the given case study hasbeen evaluated on the basis of business ethics. Ethical IssuesThe major ethical issue in this case relates to the improper mode in which the data of acompetitive company was attained, along with the motives for attaining the same. Competitiveintelligence spying is considered as an unethical way of attaining the material information ofanother company so as to attain the benefit for own company (Garfunkel, 2014). The reason whythe competitive intelligence spying is considered as unethical relates to the fact that theinformation which is attained of the competitive company is the private and the confidentialinformation of a company, which if misused, can wreak havoc over the competitive company,and can result in huge profits for the company which misuses such data. The other reason whysuch behavior is considered as unethical stems from the fact that the information is attained in a
CASE STUDY4manner which is unlawful, and even when the same is lawful, it is unethical, as it only followsthe letter of the law, instead of its spirit (Ferrell, Fraedrich and Ferrell, 2016).In the given case study, Michael’s boss attained the competitive intelligence by hacking theprivate intranet of the competitive company, which was unlawful. Also, the later statement bythe boss in this regard highlights the unethical manner in which the information was obtained.This information was attained for the personal benefit of the company. Due to these reasons, anethical issue was raised in this case with regards to competitive intelligence spying (Daft andSamson, 2014).Steps to be taken by MichaelIn this case, Michael should follow the steps as are governed through theories of virtue ethicsand utilitarianism. As per the virtue ethics, the virtue of an individual, i.e., the mind andcharacter of an individual should dictate the decisions undertaken by the individuals. In thistheory, the nature, along with the definitions of the virtues is discussed. This theory presents thatwhen an individual shows courage, justice, temperance and honesty, the good character of aperson is expressed (Winter, 2011). In the given case study, Michael should act on the basis ofvirtue ethics. In other words, he should uphold the virtues like honesty, fairness, justness, andcourage in the steps which he undertakes. So, instead of using the information which his boss hasgiven him, he should use this information and blow the whistle on his boss. He should honestlyshow to the world that the information was obtained in an unethical manner and that the sense ofjustice needs to prevail.
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