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Report on Management Theory and Practices

   

Added on  2020-05-11

16 Pages4332 Words227 Views
Running Head: MANAGEMENT THEORY AND PRACTICEManagement Theory and PracticeStudent NameCourse Code

1MANAGEMENT THEORY AND PRACTICEIntroduction Ethics forms a fundamental part of the management theory which is practiced in differentorganizations of the world. Business practices and their models are governed by ethical rules andphilosophies stated by moral thinkers on the basis of which the right practice of business ismodeled (Aguirre, Hyman & Hamilton, 2017). In any organization, ethical codes determine thevalue of business done to maximize the response of the firm towards its customers as well astowards the business fraternity. It becomes evident for every company to follow the ethicalnorms in planning business structures and executing business operations.Ethics is a vast and subjective topic which varies from person to person and itscompliance depends on the circumstances in which a company operates. In management theory,generally,normative ethics proves to be instrumental which is related to the justification andapplication criteria of good and bad and practices which are right or wrong (Aßländer &Gössling, 2017). This raises a question that what practices are considered to be right and inwhich circumstance and wrong in which context. Hence, identification of moral virtues in aperson or an organization is required to know that an entity will do the morally right thing or not.Furthermore, thesecond aspect is that how will the society be made to do ethical things and howthey perceive the ethical agenda (Bell, Dyck & Neubert, 2017). The third dimension is that whatintrinsic values are required for an entity to consider ethical practices in work. In the following discussion, ethical dilemmas of a car manufacturing company areanalyzed keeping in mind the practices and issues the company has and how it will transform tocomply with the ethics and overcome its dilemma (Bell, Dyck & Neubert, 2017). ToyotaAustralia is the company under consideration which manufactures fast cars for motorsportswhich have to face some ethical dilemmas in their organization.

2MANAGEMENT THEORY AND PRACTICEDeontology Vs TeleologyThere is a difference between the ethical principles of deontology and teleology whichcreates a dilemma in the working culture and operations in Toyota Australia. People who followor believe in the deontological theory have a moral tendency to act. Every action performed bythem is based on the moral principles of ethics (Bishop & Lee, 2017). This makes their ethicaloutlook narrow and they are bound to rules which decide that any action is good or bad. It is afterthis determination of good or bad, they are ought to perform any action. Deontologists believethat some practices are wrong in itself and they are not to perform those actions even if itsconsequence yields better results (Bowie, 2017). It makes a boundary of restrictions in the mindsof people who follow deontological ethics and refrain from performing or even thinking out ofthe scope of its philosophy.Some views of the deontological theory state that any entity should perform actions onthe basis of its principles which are considered inherently right. Deontological ethics hasabsolute obligations which are sacrosanct and cannot be violated to maintain the virtue of thework being done (Broome, 2017). There is also a presence of formal criteria which is relational.This criterion involves the concept of impartiality and equality. Deontologists also advocate thedistributive criteria which consist of the allocation of goods and evils in the nature of men(Burke, 2017). This does the identification of person’s virtues and vices which conclusivelydetermines the ethical purity of the work. Another criteria followed by deontologists is that ofpluralism and unitary which suggests thecapacity of a person to be adamant on its values. Whereas the teleological theory of ethics preaches that the right or wrong practice appliedby an entity is determined by comparing the outcomes of the final work. Teleologists believe thatany action performed by an entity is not bounded by any rules or regulation about the rightness

3MANAGEMENT THEORY AND PRACTICEand wrongness of the act. But the main thing which counts is that the consequence of the actions.Teleology is result oriented and it scrutinizes the final outcome of the actions taken (Carr, 2017).If a right action results in the wrong outcome then that action is considered ethically wrong andthat practice is restricted for further repetition. Besides, if a wrong action results in the rightoutcome then that act is termed as ethically right as it yields right results which were needed atthat time (Cicmil, Crawford & Richardson, 2017). The absence of moral rules gives theory moreleverage and freedom in performing actions which prove to be more efficient in getting the jobdone. Some views related to teleological theory states that it is all about doing performingactions keeping the consequences in mind. In Teleology, there are conditional obligations which are specific to the time andenvironment in which the task in being done. It focuses on the materialistic criteria such asmaximization of pleasure and attainment of happiness (Crossan, Monzani & Gandz, 2017). It isconcerned with aggregating the concept of good and evil in which maximization of both theseelements can be done. It advocates only the unitary criteria which imply that doing the greatestgood in every action is the only thing that matters without thinking about the righteousness of theactions.Ethical DilemmasThe matter of discussion in the following essay is about the ethical dilemmas in theorganization of Toyota Australia which has launched fast cars for the purpose of motorsports.Advertisements of the new range of cars have been criticized by the Australian AdvertisingAgency which has kept its point stating that ads which promote fast cars have agrave impact onthe mind of consumers (Daspit, Pearson & Long, 2017). According to the road safetydepartment,these ads will increase the chances of people driving cars at faster speeds which will

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