Business Law and Ethics Solution Assignment

   

Added on  2021-01-02

6 Pages1567 Words143 Views
Business lawand Ethics
Business Law and Ethics Solution Assignment_1
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY...................................................................................................................................1CONCLUSION................................................................................................................................3REFERENCES................................................................................................................................4
Business Law and Ethics Solution Assignment_2
INTRODUCTIONIn conducting the business activities and operation one must keep in mind the ethicaland morale values which can be organisational as well as personal. They must never becompromised in any case as this directly reflect the conduct of a person in the business. In thepresent report the ethical dilemma on the overreaching profits for a disaster is analysed with theuse of three ethical frameworks. With this appropriate solution is also recommended on the basisof analysis of the ethical issue and stating the ethical conduct which must be followed.MAIN BODYEthical dilemma:An ethical dilemma is a situation where a choice between the two equally desirablealternatives has to made by a person. The dilemma arises on the selection of the choice which isdue to various sources of behaviour or the attitude. Under the organisation concept a person matface ethical dilemma regarding the business actives where decision maker have to take a decisionand is faced with two or more option as profitability of the business and competitiveness, profitsand the stakeholders the case study over the ethical dilemmas is chosen as the overreaching nonprofits. In this scenario as a manager of the non profits organization the ethical issues faced isrelated with the treatment of the excess money revived for helping the people effected by thenatural disaster. Here the problem faced is that whether the mangers can keep the more than halfof the donation people gave as relief fund to use it in another cause or shall he return the same.3 different frameworks for ethical decision making are:Ethical framework: is a set of codes and rules which a person used to guide his/herbehaviour. The ethics are those which people uses to distinguish right form the wrong in the wayand manner they interact with the world. Under the business the set of rules and values guide thebusiness operation which a businessperson must take into account while taking a businessdecision for an organisational activity.1.Virtue Ethics framework: is based on the ethics of the modern terms which requires adecision to be made in accordance to the understanding of the individual's characters andthe moral values. The business leader or managers are required to employee their set ofethical based criteria and they must ask themselves how their organisation will beperceived based on the choice made by him/her. For application of the virtue ethics theperson values such as honesty, trustworthiness, and discipline intersect with business1
Business Law and Ethics Solution Assignment_3

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