Resolving Ethical Dilemmas in Business

This assignment requires students to analyze the complexities of resolving ethical dilemmas in business, considering factors such as employee motivation, product/service positivity, and stakeholder priority. It involves evaluating various initiatives for resolving ethical issues and understanding the impact of unethical practices on business reputation. The assignment also explores the importance of fair practices, code of ethics, and fiscal information in maintaining a positive brand image.

ETHICAL DILEMMA
REGARDING YOUR
BUSINESS TASK 3

TABLE OF CONTENTS
TASK 3............................................................................................................................................1
Solving Ethical dilemma.............................................................................................................1
REFERENCES................................................................................................................................2

TASK 3
Solving Ethical dilemma
While considering this certain situation there should be ambit of procedure or with
context of official code of conduct. The main issue with this ethical decision making is that a
single decision couldn't be undertaken in a vacuum as this will impact multiple decision and its
employees. There is key strike about balance for ensuring about win-win situation which has
been arrived as there is not any mandatory rules for resolving ethical issues but there are various
initiatives for resolving these issues. Prior to take any decision, all moral decision could be
thought and not accepted in blind aspect. There is presence of three basic principles which could
be used for resolution of any issue such as intuitionism, utilitarianism and moral idealism
(Knox, 2018).
In this case, it should give huge focus on employee motivation, positivity of products and
services as given through code of ethics. The standards are already set with reference to
information used internally or externally. The management of this business does not want to miss
opportunity for getting popular but on the contrary, it also doesn't want to risk the reputation of
brand and degrade motivation in their employee. As per fair practices, stakeholders must be
given priority because they help in attaining goals of business unit for maximising the
performance and brand image. The group must be put together for creating policy in acceptable
method for implying information with sharing to customers as privacy law has been considered.
The ethical morals along with its principals with context of psychology and code of
conduct provides direct influence to its fiscal information along with profitability and
effectiveness of business unit. Henceforth, it must not grab discount marketing opportunity
because it can hamper trust of stakeholders which is major concerns of business. It has been
clearly reflected that no firm can involve in unethical practice for own interest as it should take
steps for improving employee engagement, services which will give direct impact to brand
positioning and gaining popularity with its fruitful outcome (Walters, Wiese and Bruce, 2018).
This will indirectly lead to be famous and popular among the industry or as whole by following
all ethical practices.
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REFERENCES
Books and Journals
Knox, B. D., 2018. Employee Volunteer Programs are Associated with Firm-Level Benefits and
CEO Incentives: Data on the Ethical Dilemma of Corporate Social Responsibility
Activities. Journal of Business Ethics. pp.1-24.
Walters, H. D., Wiese, M. D. and Bruce, M. L., 2018. When Retailers Target Women Based on
Body Shape and Size: The Role of Ethical Evaluation on Purchase Intention. Journal of
Research for Consumers. (33).
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