Ethics in Business: Characteristics, Significance, and Identified Case of Ethical Concern
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Added on 2023/04/23
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This presentation discusses the characteristics and significance of business ethics, an identified case of ethical concern, ethical issues arising from the case, definition of ethical concern, cause of ethical concern in the case, ethical theories, method of applying ethical theories, and ethics of care.
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S U B M I T T E DB Y: Ethics in Business
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Significance of business ethics It helps in corresponding to basic human needs. It helps in creating credibility among the general public. It helps in creating credibility among the employees of an organization. It helps in better decision making. It helps in the protection of the society. It helps in increasing the profitability of an organization
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Identified Case of ethical concern An employee who worked at Yelp, which is an influentialonlinereviewcompanywrotean open letter to the CEO of the company and also posteditonTwittercomplainingregarding howshewasunderpaidinthecompanyand howshewasfacingdifficultiesincopingup with that inadequate source of income due to which the company terminated her service also duetowhichshereceivedseverebackslash from various sources. Linktothecase-https://www.news.com.au/lifestyle/real-life/true-stories/former-yelp-employee-talia-jane-on-how- complaint-letter-destroyed-my-life/news-story/4465f60f8356d25011f88d0530e180ef?from=rss-basic
Ethical issues which arises from the case The most important ethical issue which arises from the case isthatwhethersocialmediapostsoftheemployeesofa company are counted as “free speech? Theotherethicalissuewhicharisefromthecaseisthat whether the termination of the employee by the company was justified or not as the behaviour of the employee cannot be considered as a disloyal conduct as she was protesting for being underpaid.
Definition of ethical concern AsopinedbyNeesham&Gu(2015)an ethicalconcernisdefinedasaproblemor concern in which an organization or a person hastochoosebetweenalternativeswhich must be evaluated as ethical or unethical in nature.
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Cause of ethical concern in the case The cause of ethical concern in the case is that the employee got terminated from her job even thoughtherewasnoseparatesocialmedia policyofYelpinplacewhichlaiddown guidelines regarding posts to be made by the employees while working for the organization. Inthiscaseitisobservedthatsocialmedia postsofemployeesarenotcountedas“free speech” even in the absence of social media policies of company.
Ethical Theories Utilitarian or consequence based theory Deontological or duty based theory Communitarian or community based theory
Utilitarian or consequence based theory
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Communitarian or community based theory Under the Communitarian theory the source of ethics does not comefromthehappinessoftheindividualortheutility generated to the greatest number of individuals and is neither centred on the rights of individuals over the rights of the whole. Rather the Communitarian view is that the moral thinking of individualshasitssourceinthehistoricaltraditionsof particular communities.
Method of applying ethical theories ReflectiveEquilibrium-AsstatedbyMay, Luth & Schwoerer (2014) it is a process of moral reasoning which allows individuals and organizationstogenerateconsideredmoral judgementaboutasituationfromawide variety of initial beliefs and intuitions. ArgumentsbyAnalogy-Thisprocess proceeds by finding some cases which can be used to form a moral judgement about which is relevantly similar to the problem case.
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Ethics of care As stated bySusong (2013)the Ethics of Care is a normative ethical theory which is of the viewthatmoralactiondependson interpersonalrelationshipsandcareor benevolence as a virtue.