This reflexive journal on Business Ethics discusses various theories of ethics, implicit theory of morality, and ethical principles discussed in class. It also includes the author's personal ethical perspectives and their relevance in daily life.
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Running Head: Business Ethics Business Ethics Reflexive Journal
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Business Ethics1|P a g e Table of Contents Task 1...............................................................................................................................................2 1.1What was discussed in class? Do you agree with the ethical principle(s) discussed? Why or why not? Justify your stand on this as an ethical business professional.........................2 1.2How would you define your own implicit theory of morality? What fundamental assumptions do you make?..........................................................................................................4 Task 2 Write about the various theories of ethics which we have discussed in class. Which aspect of ethics seems most definitive to you? Why? Draw on various aspects of your life to discuss your ethical perspectives..................................................................................................................6 Deontological ethics.....................................................................................................................6 Confucianism...............................................................................................................................6 Utilitarianism...............................................................................................................................6 Altruism.......................................................................................................................................7 Rawl’s Justice as Fairness............................................................................................................7 Task 3 Compile a coherent account of your reflections to demonstrate the journey you have undertaken throughout this course, particularly relating to your (changed?) ethical perspectives..8 Case study........................................................................................................................................9 References......................................................................................................................................11
Business Ethics2|P a g e Task 1 1.1What was discussed in class? Do you agree with the ethical principle(s) discussed? Why or why not? Justify your stand on this as an ethical business professional It is necessary for an organization to perform its functions following the code of conducts and ethical principles in order to avoid glitches along with gaining positive outcomes at the same time. Mainly, business ethics module includes the aspects of business ethics, ethical decision making and action, ethical perspectives, and enhancing ethical performance by applying rules and regulations with regards to the subject of ethics practices. Apart from the various ethical aspects, there are numerous modern subjects has also been discussed in the class such as corporatesocialresponsibility,theoryofethics,leadershipethicsandintroductionand imposition of rules and regulations in relevance with the accomplishment of organizational functions. Along with these subjects, the entire course has covered various aspects through which organizational functions could be executed in an appropriate manner so that the set goals and objectives could be attained (Trevino & Nelson, 2016). During attending the classes, I noticed several changes in my knowledge because now I have made clear picture regarding the significance of ethics and code of conducts in executing business operations. Along with this, I have also leant various theories in relation to the ethical perspectives like ‘utilitarianism’. This theory defines the morality of actions and the purpose of this theory is to maximise the utility or happiness for the greatest number of people. In relevance to this, I learnt the significance of the theory in the business functionalities. I leant the application of this theory could generate various positive outcomes and this theory indicates that while taking a decision, it is necessary to analyse all possible ramifications which could be linked to the decision taken. Collective human welfare is the greatest strength as well as the weakness of this theory. Apart from this, the course also taught me Kant’s categorical imperative and I learnt this on the basis of work of Kant. This theory states that decision needs to be taken on the basis of its effectiveness not on the basis of irrelevance to its ramifications. With regards to this theory, various universal principles are required to be followed so that it could be practiced in every situation (Crane & Matten, 2016).
Business Ethics3|P a g e Further, the class also discussed about the Rawl’s theory and it is linked to the justice as fairness. Majorly, it is based on the concept of equality and freedom. I learnt that this theory pleased individual freedom along with respecting their domestic culture, along with encouraging them towards attainment of societal benefits. Despite of various strengths, biggest weakness of this theory is its abstractedness and this has limited the execution of this theory to a greater extent. Along with these theories, I have also studied Confucianism and it is based on building relationships. With this regard, it has been observed that there is strong correlation between the relationship which begins from family and goes to the outer world. The major advantage of this theory is that it is practical in nature and primary motive of this theory is to enhance the relationship between economies, organization and societies. Apart from this, this theory also state the ethical climate of the organization through which the organizational performance could easily be enhanced. In the next session of class, I learnt different aspects of business ethics and the components linked with the business ethics. The first component which I learnt is the mind-state of an individual while tackling the stressful situation. Every situation could be tackled through number of ways and one of the best possible measures needs to be selected so that the stressful situation could easily be tackled along with eliminating the negative impacts of the particular situation. The second component which I learnt is the understanding of an individual which guides an individual to choose an appropriate direction of the life. This step is quite necessary for individual as it acts as the career developing action. Third component which I realised is the personal values of an individual as this also plays vital role in terms of choosing one of the best alternative for career path. Forth component which I discovered is the character of an individual because character is the great indicator for an individual in terms of showing his/her ethical values and morality (Melé & Fontrodona, 2017). I have realised that ethical values and principles helps an individual to attain its personal goals and objectives and in relevance to this, I concur ethical practices in my daily life to reach out to my set goals as well as these attributes will help me to grab the right opportunity at right time through which sustainable development and growth would easily be accomplished. My daily life ethical principles are morality, equality and self-sufficiency. Morality dedicates that I believe in choosing right track for reaching to a conclusion rather adopting short cut for attaining positive
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Business Ethics4|P a g e goals in a short time period. Apart from this, I also believe in equality as it gives equal and fair opportunities to every individual through which the negative terms such as discriminatory practices, unfair treatment, etc. could be avoided. Along with this, I also practice self-sufficiency in daily functionalities under which I also respect my colleagues’, friends and other people’s morality, values and beliefs (Pearson, 2017). While concluding my learning experience from the class module, it could be said that it is necessary for every individual in its daily as well as in the professional manner to execute the functionalities in an appropriate manner. Apart from this, I believe in observing other people and if I found something attracting in their ethics then I definitely try to adopt their values in order to enhance my strengths and at the same time to reduce the weaknesses. 1.2How would you define your own implicit theory of morality? What fundamental assumptions do you make? Moral behaviour of an individual is linked to the implicit behaviour of the nature of social moral reality. These attributes are linked to the implicit theory of morality and in relation to this, it has been observed that the moral values are quite necessary for the accomplishment of tasks and it also helps the individuals to deal with the challenges and issues which occurred in between the execution of functionalities. Implicit theory of morality is linked with the principle such as human rights, duty and beliefs. In my terms, implicit theory of morality includes the value and belief towards the society because my organizational functionalities are linked with these two aspects. Apart from this, I also believe that organizations perform their operations to sustain for a longer period of time and with regards to this, it is necessary to work towards society and humanity. This makes an organization efficient enough to sustain in dynamic conditions for longer period of time along with developing a unique image amongst the society. In an organization, number of people work together and every member has its own values, beliefs and reasons to work and if they all will perform as per their motive, attainment of organizational goals will be bit difficult, thus, it is necessary for the management to share their objectives with theemployeessothattheirvaluesandeffortscouldbeguidedtowardsattainmentof organizational goals. This will help both, the organization as well as to the employees in terms of sustaining in the competitive and dynamic business environment. Thus, implicit theory needs to
Business Ethics5|P a g e be adopted by organizations and it encourages the employees to perform the assigned tasks in an effective manner without raising any query (Chell, Spence, Perrini & Harris, 2016). Though, it has been observed that organizations sometimes required taking suggestions from the employees so that an appropriate decision could be chosen. With this regard, employees’ personal judgements are asked so that one of the best measures could be implemented for the purpose of resolving the issues faced by organization. There are several instances which show that organizations are burden for society because of their functionalities or due to the policies adopted by them. In these types of situations, one of the employees is required to come up with unique solution as per their own beliefs and values so that the organization could improve their image amongst the society. The solution provided by employees could be evaluated on the basis of utilitarianism theory as the motive of this theory is to do good for all rather doing good one person. Along with this theory, organization could also focus over the theory of Confucianism which is based on the logic of developing relationships as the society includes number of relationships. In my terms, it is necessary to execute functionalities considering its benefits for the whole society because society as well as natural habitat gets affected with the functionalities of an organization, thus, it is required to return to the society by doing something good (Wood, Logsdon, Lewellyn & Davenport, 2015).
Business Ethics6|P a g e Task 2 Write about the various theories of ethics which we have discussed in class. Which aspect of ethics seems most definitive to you? Why? Draw on various aspects of your life to discuss your ethical perspectives. Ethics are moreover equal to morality and both these terms are dedicated towards segregating what is right and what is wrong. Every individual carries their own ethics which are somehow linked to its upbringing, values and the beliefs. Ethics are unique for every member and these are linked with an individual’s philosophy as well as psychological. In this module, I have learnt various theories of ethics which has helped me in developing coherent understanding of morality and ethics. Below is the discussion of effective theories of ethics which were discussed in class: Deontological ethics This theory is derived from the classical deontological theory and it defines that it is the only God who differentiate between right and wrong but with the rise in the number of non-believer in God, Kane has modified this theory on the basis of the current situation and requirements. As per Kane, right and wrong decision could not be determined with the consequences attached with it, it is the morale law which create difference between right and wrong decision (Michaelson, Pratt, Grant & Dunn, 2014). Confucianism This theory was founded by Confucius and he believed that an ideal society is created with the harmonious and hierarchical relationships which erupt from the family which later on move towards the society on the basis of mutual respect. It is necessary for every individual to build certain sort of relationships because without developing relationships, survival of an individual is bit difficult and the same sort of relationship is required for the business organizations to function in an appropriate manner along with gaining positive outcomes (Lawrence & Weber, 2014). Utilitarianism Primary motive of this theory is doing best for all people rather doing good for one. If it is practiced in an organization or in the political environment, all individual’sbenefits are considered so that the maximum benefits could be attained. This theory identifies all possible
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Business Ethics7|P a g e solutions which are available for dealing with the issues and challenges. Then, appropriate in- depth analysis is executed so that the best possible choice could be made with the objective of providing maximum benefits to the organization as well as to the society (Orlitzky, Schmidt & Rynes, 2003).This theory is based on three simple steps which are as follows: Evaluation of all possible decision which could be implemented Evaluation of the direct and indirect costs attached with the implementation of all decisions Selecting the appropriate alterative through which the maximum benefits could be attained in terms of the situation (Patrick & Werkhoven, 2017). Altruism This theory is based on the principle of humanity and ethics which state that every individual should help other without seeking for his/her benefit in the current or future situation. While helping others, individuals should not expect that others will also help them in future. This theory is practiced in the global context which contains the ethics and values in terms of promoting religion. Caring for others is the main attribute of humanity and it helps the individual to grow and prosper in their career. Apart from this, if it is practiced in organizations, then both organization as well as the employees could enjoy their sustainable development and consistent learning in the dynamic business environment (Shaw, 2016). Rawl’s Justice as Fairness After evaluating all theories in relation with ethics, humanity and values, Rawl has developed a theory which is based on justice and fairness and the motive of this theory is to balance the quality and freedom. This theory not only encourages an individual freedom, but it also gives appropriate importance to the equality, fair treatment and providing same opportunities to all individuals to grow in their life (Chakrabarty & Bass, 2015). Thus, from all the theories discussed in relation with the ethics, I could evaluate that it is necessary to build relationships along with adopting the attribute of helping each other with focusing over the seeking good for all rather seeking good for one individual. In current situation, people are running for attaining their goals rather taking the whole society together so that the overall development could be attained.
Business Ethics8|P a g e In my point of view, I believe in practicing all theories so that I could see myself stand by all the theories discussed above. Every theory is relevant and it has its own importance because value of relationship, religion, society and organization is necessary for attaining personal goals and objectives. It is also necessary to differentiate the right and wrong so that the right decision could be taken with the objective of enhancing the performance of organization. In my point of view, it could be said that honesty and integrity are weapons through which I could execute the given tasks in an appropriate manner so that ethical values and morality could be highlighted (Paquette, Sommerfeldt & Kent, 2015). Task 3 Compile a coherent account of your reflections to demonstrate the journey you have undertakenthroughoutthiscourse,particularlyrelatingtoyour(changed?)ethical perspectives From this course, I have learnt various aspects which could be adopted for the purpose of attaining growth and development in personal as well as in professional life. One of the great aspects which I had learnt from this course is the understanding the significance of ethics, moral and dignity of personal values and belief. These attributes are necessary for the purpose of attaining growth in personal as well as in professional life (Mandal, Ponnambath & Parija, 2016). Along with this, I have also learnt significance of theories of ethics, aspects of ethics, and its principles in an individual’s and in an organizational life. Until I was not aware about the aspects of ethics, I use to believe that ethics are the measure for differentiating wrong and right but after attaining the classes of ethics, I have analysed the real significance of ethics and along with their significance, I have also realised that ethics are the best measure through which how an individual could develop relationships in personal and professional life and attain positive outcomes in both the aspects of life. I will make sure that these principles which I had learnt in this class will continue with me in future so that I could attain my personal goals (Nagel, 2016). All the theories are important but one of these theories is altruism, this theory states that help others without seeking for own help or benefit in future from the same person which is being helped. Apart from this, utilitarian and Confucius theory have also great significance in the professional as well as in personal life. If altruism theory will be followed by the religious
Business Ethics9|P a g e leaders and the political parties of every country, all disputes and issues would easily be resolved along with developing effective and positive relationships (Liu & Stening, 2016). Case study From this module, I have gained enough information regarding ethics on one hand. This has been analysed through analysing plethora of case studies in the course. Along with this, it has also been realised that various organizations are executing their functionalities on the basis ethics in relation to this, organizational morality and practicality of ethics in real world has been identified. One of the case studies in class module with the title of Harvard Medical School and this case study helped me to analyse that medical companies are great influencers for medical schools. Professors of the school started promoting drugs without considering their side effects. However, certain case studies show biasness in relevance with the pharmaceutical companies and the universitiesandduetothis,theyreceivedFgradefromtheAmericanMedicalSchool Association because the students were using drug money in unethical manner. From this case study, I have studied various aspects in terms of differentiating between what is right and what is wrong and money taken by students from druggist. Apart from this, this case study also makes me analyse the difference between the equality and fairness. I had learnt various things from this course of ethics and morality. It is necessary for the management of an organization to deal with the organizational objectives along with determining the objectives of an individual so that appropriate correlation could be developed. With regards to this, it can be considered that leadership and manager, both have to play crucial role in terms of taking employees’ objectives as well as organizational objectives together so that productivity of both could be enhanced. Ethics helps the employees to behave in an appropriate manner along with respecting of their teammates and their decisions. These are the important aspects for promoting teamwork so that the set goals and objectives could be attained. I have learnt from my family, peers, friends from my teachers that every member should care for other while taking decision or executing any function. Apart from this, I have also learnt that ancient times was believing that God is the only one who can differentiate between good and bad
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Business Ethics10|P a g e but with the help of various theories in relation ethics, it could easily be differentiated that what is right and what is wrong. Thus, I would like to thanks my teachers for giving us immense knowledge on ethics and its related attributes and every student who shared their views on ethics which has expanded my learning scope.
Business Ethics11|P a g e References Chakrabarty, S., & Bass, A. E. (2015). Comparing virtue, consequentialist, and deontological ethics-based corporate social responsibility: Mitigating microfinance risk in institutional voids.Journal of Business Ethics,126(3), 487-512. Chell, E., Spence, L. J., Perrini, F., & Harris, J. D. (2016). Social entrepreneurship and business ethics: Does social equal ethical?.Journal of business ethics,133(4), 619-625. Crane,A.,&Matten,D.(2016).Businessethics:Managingcorporatecitizenshipand sustainability in the age of globalization. Oxford University Press. Lawrence, A. T., & Weber, J. (2014).Business and society: Stakeholders, ethics, public policy. Tata McGraw-Hill Education. Liu,T.Q.,&Stening,B. W.(2016).Thecontextualizationand de-contextualizationof Confucian morality: Making Confucianism relevant to China’s contemporary challenges in business ethics.Asia Pacific Journal of Management,33(3), 821-841. Mandal, J., Ponnambath, D. K., & Parija, S. C. (2016). Utilitarian and deontological ethics in medicine.Tropical parasitology,6(1), 5. Melé,D.,&Fontrodona,J.(2017).Christianethicsandspiritualityinleadingbusiness organizations: Editorial introduction.Journal of Business Ethics,145(4), 671-679. Michaelson, C., Pratt, M. G., Grant, A. M., & Dunn, C. P. (2014). Meaningful work: Connecting business ethics and organization studies.Journal of Business Ethics,121(1), 77-90. Nagel, T. (2016).The possibility of altruism. Princeton University Press. Orlitzky, M., Schmidt, F. L., & Rynes, S. L. (2003). Corporate social and financial performance: A meta-analysis.Organization studies,24(3), 403-441. Paquette, M., Sommerfeldt, E. J., & Kent, M. L. (2015). Do the ends justify the means? Dialogue,developmentcommunication,anddeontologicalethics.PublicRelations Review,41(1), 30-39.
Business Ethics12|P a g e Patrick, T., & Werkhoven, S. (2017).Utilitarianism. Macat Library. Pearson, R. (2017). Business ethics as communication ethics: Public relations practice and the idea of dialogue. InPublic relations theory(pp. 111-131). Routledge. Shaw, W. H. (2016).Utilitarianism and the Ethics of War. Routledge. Trevino, L. K., & Nelson, K. A. (2016).Managing business ethics: Straight talk about how to do it right. John Wiley & Sons. Wood, D. J., Logsdon, J. M., Lewellyn, P. G., & Davenport, K. S. (2015).Global Business Citizenship: A Transformative Framework for Ethics and Sustainable Capitalism: A Transformative Framework for Ethics and Sustainable Capitalism. Routledge.