Business Ethics Assignment: Volkswagen
12 Pages4106 Words121 Views
Added on 2020-06-04
Business Ethics Assignment: Volkswagen
Added on 2020-06-04
ShareRelated Documents
BUSINESS ETHICS
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Background and development of ethical approaches............................................................11.2 Absolute and relative ethics..................................................................................................21.3 Ethical issues which can affect operational activities...........................................................3TASK 2............................................................................................................................................32.1 Ethical considerations affecting business objectives............................................................32.2 Implication for a business and its stakeholders.....................................................................4TASK 3............................................................................................................................................53.1 Role of the company as a moral agent..................................................................................53.2 Mechanism for developing employee involvement and empowerment...............................6TASK 4............................................................................................................................................74.1Current ethical issue affecting business operations...............................................................74.2 Business could improve ethics of their operations................................................................74.3 Ethical code...........................................................................................................................7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
INTRODUCTION Ethics is a term which influence or guides the behaviour of a person. Ethics help peoplein taking moral and right decision in different situations. Business ethics is one which help themanager of a business and help him in making a differentiation between good or bad. This helpthe manager in taking a decision which will be beneficial not only for the enterprise but for thesociety as a whole. Under this report ethical issues facing by the Volkswagen are described. Allthe concepts and background of ethics are discussed under the report. Absolute and relativetheory are also given in the report. Other than this various ethical issues related with the businesswhich can affect its activities are given (Crane and Matten, 2016). How a business can improveits activities by considering all the issues are discussed. Current ethical issue which are affectinga lot of business are given in this study.TASK 11.1 Background and development of ethical approachesEthics are the moral principles that guides or govern a person behaviour while dealingwith others. It deals with all the moral principles and influence the person to do the activities in aright way.Business ethics deal with all the decisions taken in a commercial environment. Businessethics influence or guides the manager to take ethical decisions. It is the standard which guidesthe behaviour of all employees working in business.Types of business ethics: Moral Objectivism:This is a term which define what is right and wrong in a personbehaviour. It can be either good or bad, these facts are not physical facts these are relatedwith what we feels is morally good or bad.Deontology: It is Greek word which means duty and responsibility of a individual. Thisgive emphasis on the duties and roles of a person (De George,2011). If a person isperforming its moral duties and responsibilities than it means that person is doing all themoral things otherwise not.Teleological ethical theory: This is a theory of ethics which described moral roles, jobsand responsibilities of a person.
Utilitarian: This is a theory which describe or tells that one best action is that whichresults in maximizes the utility(Trevino and Nelson, 2016). Mainly this theory describedall those actions and which results in maximizes the utility and reduce the suffering.Kant ethical theory: This theory is based on the view that a decision will give maximumresults if the decision maker or person perform all his moral duties and opposite will behappen in the other situation.Mill ethical theory: This theory is based on the principle of greatest happiness to thegreater number of group.1.2 Absolute and relative ethicsMainly ethical theories are based on the moral and immoral actions of the people. Forevery business enterprise it is very necessary to take ethical decisions. Same as with theVolkswagen it is very necessary to take ethical decision to capture a greater market share.Moral thinking of a person changes over the time. Different people have various beliefsabout the ethical concept. Some people belief and get affected by the existence of religion whilesome beliefs that there is no religion.Absolute ethics: Under this, there is a belief that there is only one and universe code ofconduct which everyone have to be follow or obey. All they people must be aware aboutit.Relative ethics: This theory is based on one fact that is there is only one and single moralor ethical standard which applies to everyone (Rossouw and et.al., 2010). But it is notright because different people belongs from different culture and have different point ofviews so there is a no single moral standard which applies to everyone.Difference between absolute and relative ethics can be understand by the following: Absolute ethicsRelative ethicsIn this,there is a belief that there is a universalmoral standard.On the other hand under this it is not assumedthat there is only one moral standard.There is a difference between right and wrong.There is no difference between right andwrong.Under this situation Volkswagen should use the absolute ethics because this will helpthem in earning customers trust. By following this the company can deliver better products to itscustomers.2
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Business Ethics Assignment of Volkswagenlg...
|15
|4512
|140
Business Ethics at NIKE : Essaylg...
|11
|4302
|340
(Solved) Business Ethics - PDFlg...
|11
|3014
|38
Business Ethics | Presentation-1lg...
|14
|826
|40
Report on Business Ethics - Volkswagenlg...
|14
|4172
|30
Project Report on Ethical Aspects of The Volkwagenlg...
|12
|4054
|40