Business Ethics Introduction
Added on 2020-06-03
14 Pages4149 Words115 Views
BUSINESS ETHICS
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Different theoretical ethical approach and their background and development...............11.2 Difference and similarities between relative and absolute ethics.....................................31.3 Effect on operation by ethical issue.................................................................................4TASK 2............................................................................................................................................52.1 How operational activities of the business can be affected by the ethical issues.............52.2 What does problems business and stakeholder face to operate in the ethical way...........7TASK 3............................................................................................................................................83.1 Role of Volkswagen as a moral agent..............................................................................83.2 Development of mechanism so that employee empowerment and involvement can beachieved..................................................................................................................................9TASK 4............................................................................................................................................94.1 What ethical issue does the Volkswagen face..................................................................94.2 How Volkswagen can achieve ethics in their business which achieving their objective andemployee/employer relationships...........................................................................................94.3 Creation of ethical code for Volkswagen.......................................................................10CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
INTRODUCTIONBusiness ethics is the process of behaving in the right way and that is determinedby experience, judgement and human nature. Recently, many organisations are focusing ontheir operation activities to work in the ethical way which help them to enhance their brandimage. Volkswagen have been chosen to continue this report where the company is facingvery big ethical problem related to nitrogen oxide emission by the car more than thestandard. The organisation has not been following the rules and regulation made by thegovernance and also, they inbuilt device which turn of nitrogen oxide emission when itcheced. This practice has create negative image and they can able to build their image theyare evolving and empowering their employee which produce quality products for thecustomers. The report includes different ethical code of conduct such as to be fair andhonest with the stakeholders, proper relationship with suppliers etc.TASK 11.1 Different theoretical ethical approach and their background and development.Ethics is the branch of philosophy that helps to understand and determine howemployees can act and judge as right and wrong. The ethics are made on the base ofjudgement, experience and human nature. The person who believe in ethics thinks that allthe decision in the organisation are made on the ethical theories, that are classified as under(Crane and Matten, 2016).Teleological ethical theoryThe key focus of this theory is on consequences and results, which tells that theorganisation should take all the action on the basis of their result. The theory focusses onthe future aspects of the decision, all the decision that are taken by the company shouldhave good consequences over all the stakeholders. The company should select thatalternative which achieve the needed consequences and that results must be manage in theproper way.1
Illustration 1: Teleological Ethical Theories(Source: Types of Teleological Ethical Theories, 2017)Ethical Egolsm: This theory states that action will be considered good when itproduces positive result (Trevino and Nelson, 2016) . This model is based on thenotion that if it provides the good result than only there is morale to implement thetheory. If the individual is self-centred and self-motivated than only they can able toachieve their self-interest. These types of people will not scarify their interest forthe others.Utilitarianism Mill theory: This theory state that the action is achieved when theresult will have maximum satisfaction for numerous people in the organisationwhich is going to be affected by the result or decision.Eudaimonism: This theory states that the decision is good when the result is ableto fulfil the requirement of individual and gaols and will be welfare of theemployees. In simple words, it can be state that organisation goal is achieved withthe employee's happiness and welfare. Such as company organise different trainingand development programs for the employee which will enhance their skills andknowledge and provide happiness to them.Deontological TheoryThis theory states that the action and decision are important, their result andconsequences are not that much significant (Bowie, 2017). The theory has specialrelationships with the morality of employees and duty. The term itself states that Deon isduty and Logos and science. This holds that some decisions are morally obligation2
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