Assignment on Entrepreneurial Ventures of Business

Added on - 21 Apr 2020

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Running head: ENTREPRENEURIAL VENTURESEntrepreneurial VenturesName of the StudentName of the UniversityAuthor Note
1ENTREPRENEURIAL VENTURES1.0 IntroductionThe ethical dilemma that will be illustrated in this study is that a person has to select asuitable candidate for the company. The person has already appointed a person and provided ajoining date; meanwhile found another person, who is indeed the best suited person for thedesignated position. The ethical is this will be illustrated. The ethical theory of deontology willalso be associated which is presented as a MEAL plan structure which provides solution to theraised dilemma for whether or not the person have to hire the first or thee second candidate.2.0 DiscussionAn owner of a company is able to make a remarkable growth in graphic arts businessstartup in three years. However, the present situation is that the pressure of work increased andthe person have to work for 60–80 hours a week. This situation is not acceptable to the person’sspouse and has threatened divorce if immediate action would not be taken. The owner thenpublishes an advertisement for the position of graphic designer for the company. Initially, theperson’s sister-in-law, who has fulfilled all the qualification requirements except two but is quitesuitable for the position. Since the company is new, there were no other candidates and theowner offer a date of joining to the candidate. However, another candidate was referred by thefriend of the owner’s spouse. After interviewing the person, it is found that this person issomewhat perfect for the position. However, now the owner has to face a dilemma whether ornot to select the first person for the designated person.The evidence can be witnessed through the fact that the owner is now very confusedabout which candidate to be chosen for his organization. There are several ethical theories like-
2ENTREPRENEURIAL VENTURESConsequentialism, Deontology and Virtue Ethics (Kuratko, 2016). Hechavarría et al. (2017)stated that in consequentialism theory of ethics, the results matter rather that the course of actionthat is action maximizes happiness, irrespective of the fact of motivations or nature of the action.On the other hand, deontology and virtue ethics theory of ethics both focus on the action ratherthat the outcome taken through the action. Dey and Steyaert, (2016) furthermore argued thatdeontology is duty ethics that is a person's action can be compared against some duty orimperative; whereas, in virtue ethics actions is measured against some given set of virtues, withthe goal being to be a virtuous person.According to deontology theory of ethics, it is believed that an action is said to be moralif it follows a certain rule. Berglund and Schwartz (2013) stated that this rule can be a naturalrule, moral rule or organizational legislations. According to this theory, the person have to assesthree basic questions based on which the decision can be taken for the raised ethical adversity.The first question that the person has to address is whether it is legal to hire the second person.According to the deontology theory, the owner should evaluate whether or not his sister-in-lawhas a continuing employment in previous company. In this case, since the sister-in-law is notemployed and she required money for her twins, it can be said that she need the job urgently. Thelaw also stated that since the appointment letter is first offered to her, the company is legallybound to make good the offer. The next question that can be addressed is that whether or not thedecision taken is balanced. In this case, both the deontology theory and consequentialism can befollowed; where the first theory suggests that morality if an action is judged on the formulatedrule; whereas in the second case, an act is said to be good if it results in a good situation. Theprime reason for incorporating the two ethical theories is that it is technically right for theowner’s sister-in-law to start he job but she might not be able to fulfill all the organizational
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