University Business Ethics Report: Ethical Decision Making Analysis

This report delves into the multifaceted realm of business ethics, exploring the critical aspects of ethical culture, decision-making processes, and the impact of globalization and government involvement. The report begins with an introduction to business ethics, emphasizing corporate governance and social responsibility. It then dissects the significance of ethical culture, encompassing values, norms, and governance structures. The discussion extends to ethical decision-making, analyzing various approaches and frameworks, including the utilitarian and rights approaches, and the influence of globalization. The report further examines the role of government and the impact of globalization on business ethics, highlighting ethical leadership and the principles of the UN Global Compact. It includes case studies and action plans to improve ethical practices. The student report is a reflection of the class lectures, the discussions, and the learning outcomes for the four weeks of the course, and it emphasizes the significance of ethical awareness, leadership, and decision-making in the contemporary business environment.

Running Head: BUSINESS ETHICS
Business Ethics
Name of the Student:
Name of the University:
Author Note:

1BUSINESS ETHICS
Table of Contents
INTRODUCTION......................................................................................................................3
DISCUSSION............................................................................................................................3
TOPIC 1: ETHICAL CULTURE IN BUSINESS ETHICS..................................................3
DESCRIPTION..................................................................................................................3
FEELINGS.........................................................................................................................4
EVALUATION..................................................................................................................4
ANALYSIS........................................................................................................................4
CONCLUSION..................................................................................................................5
TOPIC 2: DECISION MAKING IN BUSINESS ETHICS...................................................5
DESCRIPTION..................................................................................................................5
FEELINGS.........................................................................................................................5
EVALUATION..................................................................................................................6
ANALYSIS........................................................................................................................6
CONCLUSION..................................................................................................................6
TOPIC 3: DEGREE OF GOVERNMENT INVOLVEMENT AND GLOBALIZATION
ON BUSINESS ETHICS.......................................................................................................7
DESCRIPTION..................................................................................................................7
FEELINGS.........................................................................................................................7
EVALUATION..................................................................................................................7
ANALYSIS........................................................................................................................8

2BUSINESS ETHICS
CONCLUSION..................................................................................................................8
ACTION PLAN.........................................................................................................................9
REFERENCES.........................................................................................................................10

3BUSINESS ETHICS
INTRODUCTION
The concept of Business Ethics refers to the study of the standard policies related to the
business and the formulation of the related policies and the other various practices that results
in the potential yet the most controversial subjects that includes the issues related to the
corporate governance structure, that is insider trading formula, the issues related to bribery
and the other forms of responsibilities. The laws of business ethics often provides guidelines
that provide the choice for the business proposal to gain a certain degree of public approval.
The broad topic of business ethics includes some basic features like the inclusion of the
appropriate business ethics policies and the associated practices that relate to the different
controversial issues. The other issues relate to the discussion of the business ethics that will
include the different issues of corporate governance of mechanism and the social
responsibility norms. This report will highlight the different learning outcomes from the four
weeks of class lecture. The learning s in the four weeks deals with the concepts of business
ethics, the correlation that exists between the ethical business scenario and the different
processes of globalization. The report will also reflect the teaching outcomes of the
significance of formulating an ethical decision making plan in the field of business ethics.
DISCUSSION
TOPIC 1: ETHICAL CULTURE IN BUSINESS ETHICS
DESCRIPTION
From the teachings and the presentations of the past four weeks, I learnt that that the
concept of ethical culture is very important in understanding the concept of business ethics.
Ethical culture consists of several attributes like the cultural aspects, the values that remain
embedded, the different set of norms, the voluntary actions that are taken, the standard of

4BUSINESS ETHICS
governance structure, the core practices required for infiltrating the ideas of business ethics
along with the degree of legal compliance.
FEELINGS
Ethical culture accompanies the prevalence of the ethical risks. The ethical risks lead
to a management initiative that will relate to the various boundaries of conduct, the concept
of self-regulation and the different forms of societal expectations. The main requirements for
the degree of legal compliance to set the minimum standards to initiate the responsible
behavior that includes the society’s codification laws of the choice between the right and
wrong (Trevino and Nelson, 2016).The ethical decision making strategy encompasses a
particular model that includes the process by which the decisions can be taken in order to
implement with the greatest care according to the different requirements of the stakeholders.
EVALUATION
The ethical decision making framework provides with a comprehensive model that
will initiate the decision making process for the success of any business strategy. The
framework should be able to analyze properly the different ethical issues (Crane & Spence,
2019). I have also learnt the significance of the process of globalization in the framework of
ethical decision-making. I am able to understand the compact of the United Nations in the
promotion of global peace strategy to establish the most appropriate relation between the
different countries.
ANALYSIS
The presentations shown to teach us the details of business ethics started with the
clarification of the concept of ethics in the context of business management. The presentation
highlighted the fact that ethics refers to the different standards of the human behavior that
reflect the way in which human beings act in the different situations in which they will be

5BUSINESS ETHICS
able to find themselves as parents, the children , the different citizens and the various
teachers and professionals. The meaning of leadership is the process by which the group feels
motivated by the pattern of leadership in order towards the achievement of a proper goal.
CONCLUSION
In a particular business set up, the basic purpose of leadership is to direct the workers
associated with an organization to work according to the different requirements of the
company. The meaning of leadership focusses on the different essentials for inspiring the
workers and making them prepared to meet the company’s needs (McCloskey, 2017).The
presentation has also guided the ethical awareness concept that the ability to perceive a
particular situation or a certain decision to take the decision of an ethical dimension.
TOPIC 2: DECISION MAKING IN BUSINESS ETHICS
DESCRIPTION
The intensity of the importance of a particular decision in the eyes of an individual or
a particular work group or the concerned organization. The personal and the temporal ways to
require the specific characteristics of a particular situation that avails for the personal
pressures that prevails at a particular place and at a particular time (Painter-
Morland,2019).The perceptions of the different individuals regarding the ongoing issues of
social pressure and the harm that is caused by the decisions taken by the others.
FEELINGS
I have learnt from the presentation that there are two approaches of measuring the
ethical standards. The utilitarian approach emphasized on some of the ethical action that will
be taken to provide the most good and provides the least harm and produces the greatest
degree of balance of right over wrong. The rights approach however starts from the basic
notion that humans will have a dignity based approach according to the human nature which

6BUSINESS ETHICS
has the ability to choose in an independent manner what they will do with their personal
lives. I have learnt about the virtue approach that deals with the different form of ethics and
the resulting ethical actions that ought to be consistent in nature with certain ideas that
provide for the full level of development. The different qualities like honesty, courage,
compassion and the generosity moves that are leading the different examples of the ideal
virtues.
EVALUATION
I have also learnt to apply the concept of globalization in the framework of taking the
ethical decisions. The organizations like the International Monetary Fund, makes several
short term commitments for the loans to be made to the member countries with high share of
deficits. The member states should also provide the adequate resources in order to fund the
IMF through a proper mechanism of allotting the required quotas that acts as proportional
nature according to the size of their respective economies. I have also learnt that the different
laws and regulations that gets established by the set of the minimum available standards
which are responsible for that particular behavior.
ANALYSIS
A major understanding and analysis of the significance of the type of clarification
regarding the concepts are in the form of the management of the ethical risk standards are in
the form of the voluntary boundary mechanism that is initiated by the different contact
boundaries along with the policies , the different requirements of compliance , the self-
regulation initiatives of the industries and the different societal expectations regarding the
human behavior (Connelly et. al,2017).I have been able to correlate with the ethical
competence level and the associated voluntary responsibilities attached to an organization.

7BUSINESS ETHICS
CONCLUSION
The concept of the voluntary responsibilities of an organization includes the
responsibility to improve the standards of life and to make the communities develop into
those places where the people will want to conduct their business practices in order to raise
their families and to enable them to enjoy with life.
TOPIC 3: DEGREE OF GOVERNMENT INVOLVEMENT AND
GLOBALIZATION ON BUSINESS ETHICS
DESCRIPTION
The voluntary responsibilities also claim that the degree of government involvement
must be reduced by providing the level of assistance to the different stakeholders. The
responsibilities also enable the development of the different skills associated with the
employee leadership patterns (Chell & Harris 2016). The creation of an ethical culture is also
important to make it act as a buffer in order to rectify the organizational misconduct.
FEELINGS
I have also came to know about the different misconducts that takes place in an
organizational context like the misuse of the time given for a company, the misconduct of the
time allotted for the company’s work is unethical. This includes the misconduct in the form
of conducting any personal business or covering up the unethical issues of the employees of
an organization. It covers the workplaces that are filled with the different leaders who
arbitrarily takes advantage of their position.
EVALUATION
I believe that this new realization pattern will be very instrumental throughout
my degree and even in my future professional prospects and even in my private life, as I can
endeavor the concepts to clarify my understandings on certain critical aspects of the planning

8BUSINESS ETHICS
of different projects and to initiate a teamwork in certain places. As a student, I can use these
concepts in questioning certain methodologies and techniques that will in turn allow the
understanding and the analyzing of the different objectives of the stakeholders. I can work
with that particular motive that in order to foster the ethical leadership patterns that will rely
on the personal leadership styles, the different innovations in order to succeed in a particular
organization rather than restricting their view for ruling in the organization , to initiate the
compliance levels and to exert the different control measures (Werhane, 2019).
ANALYSIS
The concept of ethical leadership will aim to build the different organizations based
on the positive ethical environments. The ethical leadership also includes the exemplary
feature of the organization, to be a champion and to analyze the importance of the different
ethics involved and the different modes of communication at the end of the lecture I came to
know about the different principles that are laid down by the Global Compact initiative of the
United Nations. The first principle to conduct the business is to create a massive support
system in order to protect the internationally declared human right scenario. The principles
also state that the business should uphold the value of freedom in terms of association and the
effective recognition system with the elimination of forced and compulsory form of labor
practices.
CONCLUSION
It has also helped me to understand that the global ethical issues like that of the corruption
levels, the variations that are seen in the international regulation norms and the issues
associated with the violations of the human rights. At the end of this lecture I also came to
realize the different causes that relate to the bribery issues and the degree of antitrust
activities that are conducted in an organization, along with the security and the various

9BUSINESS ETHICS
privacy issues. I came to realize the fundamental and the global significance of the human
rights, the importance of the healthcare activities and the compensations that are granted in
the form of the living wage scenario. The lecture has provided with the specific case studies
of Nutrella and Forever 21 and the report I will take up a few more similar case studies. I
have learnt the significance of positive leadership in the functioning of any organization by
leading with exemplary features. As the most ethical leader, it is very important for him to
remember that actions often have a stronger impact than the words. The people who are
always prone in judging a person based on their nature, rather than what they state overtime.
ACTION PLAN
I have learnt the significance of communication and the different modes of
communication that are required for the ethical leaders to conduct the functions of their
organizations in the most effective manner. There are many people who may feel highly
comfortable to speak in the public domain, irrespective of the fact of what his personal
situation is. The lecture has taught me that an ethical leader ‘s main purpose is to
communicate the job roles with the different members of the team to allocate a specific task
effectively and initiate an environment for open conversation where the issues can be dealt
with in a very flexible manner. The role of globalization has also led to the evolution of the
business ethics and has made the mechanism of addressing the employee issue in more
flexible and open manner.

10BUSINESS ETHICS
REFERENCES
Chell, E., Spence, L. J., Perrini, F., & Harris, J. D. (2016). Social entrepreneurship and
business ethics: Does social equal ethical?. Journal of business ethics, 133(4), 619-
625.
Connelly, S., Mumford, M., Steele, L., Mulhearn, T., Watts, L., & Medeiros, K. (2017). What
is Working, What is Not, and What We Need to Know: a Meta-Analytic Review of
Business Ethics Instruction.
Crane, A., Matten, D., Glozer, S., & Spence, L. (2019). Business ethics: Managing corporate
citizenship and sustainability in the age of globalization. Oxford University Press.
McCloskey, D.N., 2017. Wealth, Commerce, and Philosophy: Foundational Thinkers and
Business Ethics. University of Chicago Press.
Painter-Morland, M. (2019). Business ethics as practice: Ethics as the everyday business of
business. Cambridge University Press.
Pearson, R., 2017. Business ethics as communication ethics: Public relations practice and the
idea of dialogue. In Public relations theory (pp. 111-131). Routledge.
Trevino, L.K. and Nelson, K.A., 2016. Managing business ethics: Straight talk about how to
do it right. John Wiley & Sons.
Werhane, P. H. (2019). The normative/descriptive distinction in methodologies of business
ethics. In Systems Thinking and Moral Imagination (pp. 21-25). Springer, Cham.