Ethical Dilemmas in Contemporary Business: BUSP006 - Spring 2016

This essay explores ethical dilemmas in contemporary business, highlighting issues arising from conflicting responsibilities towards society, employees, and profitability. It emphasizes the importance of business ethics, focusing on fair treatment of employees, conflict resolution, and adherence to ethical principles. The document argues that prioritizing short-term profits over ethical conduct can harm a company's long-term sustainability and reputation. Furthermore, it identifies factors such as management pressure, ambition, and discrimination as potential triggers for ethical dilemmas. The essay concludes by stressing the significance of organizations addressing these dilemmas to ensure responsible and sustainable business practices. The document is available on Desklib, a platform offering a variety of study tools and solved assignments.

Moral dilemma in Contemporary
business

INTRODUCTION
Dilemma is a situation in which an individual has to select one option
from the two alternatives, neither of which is unambiguously desirable or
preferable. In business, there are lots of situations arises which forced
parties to select one course of actions out of which both are equally
undesirable. Present assignment will focus on modern dilemma in
contemporary business era. Every business organization is the part of
society as they work in the society and offer services to the public.
Henceforth, they have certain responsibilities towards society which they
need to comply strictly. The essay will demonstrates the role of ethical
dilemma, environmental responsibilities and social and political
environment which give rises to arise contemporary issues in business
practices.

ISSUES
Business ethics refers to behaviour which firms adheres in its daily
dealings or functions in the market. It is the manner that reflects
that how business interact with the other corporations, their
personnel and customers. In such respect, they should treat their
employees in fair manner, promote them fairly, handle conflicts
situations between business personnel etc are some of the
situations that are of great concern.

CONTINUED.....
The relationship of ethical principles, rules and standards such as
prudence ethics, self development and interdependence.
Henceforth, organizations who attain more and more profit by
varied profiteering activities usually do not contributes towards
welfare of the society. So that, consider immoral and irresponsible
business.

CONTINUED....
Good ethics is the essential and crucial elements for the long-run survival
and business sustainability. It has been claimed that organizations who
are involved in immoral conducts and behaviour than it will be punished
by suffering their consumers and employees as well. This in turn, net
profit margin of the companies will be shrink over time. Thus, it becomes
essential for the corporations to assure that management and employees
are not only efficient and experienced in their work but also behave in
socially responsible way.

CONTINUED....
 Higher management authority to do some immoral conduct
than such situation will give rises to arise ethical dilemma.
Moreover, if the workers feel that they can not point out the
bad conduct of their co-workers and other superiors than it
is also a situation of ethical dilemma.
 Ambition and discrimination is also a reason for moral
dilemma in business world. In such case, when a employee
is under pressure due to some financial constraints, than he
or she might be involved in some unethical conducts, known
as ethical dilemma.

CONCLUSION
It can be concluded from the study that ethical dilemmas includes
pressure from the management that depends on the culture of the
organization. It has been gained that individual can work under
financial pressure in the hunger of recognition. In case they do not
get reward through accepted channel then they make efforts towards
doing something unethical. Thus it is significant for the
organization. Thus such type of discrimination is not only unethical
but illegal and still remains common. Thus it important for the
business to take necessary steps for resolving the dilemmas.

REFERENCES
Beutler, L.E., 2015. 12 An Ethical Dilemma in Publishing. Ethical
Challenges in the Behavioral and Brain Sciences. p.35.
Campbell, L. and et.al., 2010. APA ethics code commentary and
case illustrations.
Del Chiaro, M., Rangelova, E. and Maeurer, M., 2016. The Ethical
Dilemma of Compensating Living Kidney Donors: Alignment
Between Science, Legislation, and Ethical Perception in Society?.
JAMA surgery.
Garmon, T.M., 2010. Panic Defense and Model Rules Common
Sense: A Practical Solution for a Twenty-First Century Ethical
Dilemma. 45. p.621.

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