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Business Ethics and Organizational Ethical Practices

   

Added on  2020-02-24

6 Pages1422 Words60 Views
Running head: BUSINESS ETHICSBusiness EthicsStudent NameUniversity nameAuthor Name

BUSINESS ETHICS1.The initial phase of the twenty first century has experienced a large number oforganizational failures because of wrong ethical practices. According to Sims andBrinkmann lack of attention in organizational culture to ethical practice leads toorganizational collapse and corruption. The Enron scandal is a significant example oforganizational failure because of ethical misconducts in accounting and finance business(Soltani 2014). Through this corporate scandal the management’s practice of pressuringthe employees for improving the economic profit. Sims and Brinkmann showed how Enron’s ethics showed the contradiction betweenpromise and practice. It fore grounded the conflict between the organization’s ‘rottenstructure’ and ‘deceiving glossy’ (Sims and Brinkmann 2003). The auditor of EnronArthur Andersen engaged in unethical practice by misrepresenting the financialstatement. Enron kept hidden their financial problems from its investors and stakeholders(Giannetti and Wang 2016). The top management of Enron developed an organizationalculture within the company that valued the bottom line profits above the right ethicalpractice. The leaders’ reaction to the crisis also brings the organizational value to thesurface. The leaders started pointing and blaming each other. The accusations theleadership was receiving initially the deliberately overlooked it but after the accusationsstarted coming to the surface they applied different strategies. The organizationstrategically fired everyone who started blaming the management’s wrong practice beforethey officially announced it. The employees were forced by the leaders to stretch theethical limitation as further as possible to achieve the next big financial target.

BUSINESS ETHICS2.According to Aristotle if we obtain good habits we will be able to regulate our emotionand reason in a better way (Yu 2013). This will help us to take right moral decisions evenin the difficult situations. In the critical thinking individual characteristic contributesignificantly. The ultimate goal of happiness could be achieved if we build up virtuouscharacter. He focused more on finding the mean than the moral virtue in order to cultivatea virtuous character. We have to act honestly in the right way at the right time. We musthave to avoid extreme emotions and actions to be virtuous. To develop ourselves as theethically virtuous human beings we have to cultivate human virtues ‘not too little or nottoo much’ (YouTube 2012). In the consequentialsit school of virtue the morality is judged by the consequences(Portmore 2016). If the consequence results in positive way then it is considered to beethically right but if it results negatively it is morally wrong. In the practice of Non-consequestialism the reasons are valued not the results. The intentions decide the ethicalquality. The responsibility to do the right things drives us to engage in right ethicalpractice. Therefore both are focused on judging the actions in consequestialist and non-consequestialist theory but Artistotle’s virtue ethics judges the character. 3.The Customer Social Responsibility statement by Kellogg does not appear sincere. Afterexamining the various issues it is evident that the company is superficially trying toconvince the stakeholders that they highly value socially responsible service. Instead ithas been found that they are engaged in irresponsible business and customer misguiding.The company has claimed to invest their money for improving public health byproducing nutritious food products(Kelloggcompany.com 2017). The British Food

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