Business Ethics: A Global Perspective on Ethical Values and Principles

This assignment delves into the realm of business ethics, examining various ethical values and principles from a global perspective. It begins by defining key ethical values, including moral courage, honesty, fairness, modesty, and patience, each rooted in different ethical theories such as consequentialism and the principle of integrity. The assignment further explores how these values are applied in business contexts, emphasizing the importance of ethical decision-making and treating individuals fairly. The reflection section highlights the student's learning experience, emphasizing the significance of these ethical values in group activities and their practical application in real-world scenarios. The assignment concludes with a list of references, providing sources for further exploration of the concepts discussed.

Business Ethics a Global
Perspective

TABLE OF CONTENTS
Question 1........................................................................................................................................3
Step 1) Ethical value and principles............................................................................................3
Step 3) Reflection.......................................................................................................................4
REFERENCES................................................................................................................................6
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QUESTION 1
Step 1) Ethical value and principles
There are different types of ethical value and principle. Each value is derived from the
different types of theories. Some of them are given below.
Courage
Moral courage refers to action which taken for reasons or adverse consequences. It refers
to take actions when one has doubts or fears about the consequences. Therefore, moral courage
includes deliberation or careful thought. This value is based upon the consequentialism. In which
it stated that ethical principles makes decision should be focus on actions that are fair to those
involved (Kennedy and Kray, 2014). Courage is also involved standing against evil is more
important than defeating it. It also involves to take all the rights decisions against the all odds.
Honesty
This ethical value is related to the integrity. This ethical theory suggested that person
should have the strong moral principles and ethical standards. As per this theory, a person should
be honest towards their actions. Honesty should be maintained require a lot of moral courage. In
this they also have to live ethical principles despite grate pressure to do otherwise. As per this
theory a business executive should also have to be ethical in terms of their words, actions and
thought (Skela-Savič and Kiger, 2015). Individual actions is also needed to be honest as
according to their words.
Fairness
The fairness includes do not exercise power to someone other. This value is based upon
the principles of justice. It is also described as the moral obligation to act on the basis of fair
adjudication between competing claims. The term fairness is also associated with respect
people's rights and respect them morally. Fairness is also related to treat people equally. It is the
best policy which need to accept by the organization so they can treat people equally (Taylor and
Yang, 2015). It is also related to give fair treatment to everyone in every circumstances.
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Modesty
The term modesty refers to the judge people from their character rather than by an action.
It is based on the principles of virtue. It is basically based persona's morals, reputations and
motivations into account when rating an unusual and irregular behavior. Modesty also refers to
individual morals and ethics which they need to be perform in organization. It is ethical value
which emphasized on the judge a person on the basis on their behavioral and character rather
than thinking about their actions (Yullyzar, Nasae and Chaowalit, 2014).
Patience
It is refers to the capacity of tolerate delay. Problems and suffering without annoyed or
anxious. It is ethics value which focuses on that a person should keep patience in their work. Itv
also includes that a person should keep patience in their work and provide enough opportunities
to their subordinates (Kennedy and Kray, 2014). When a task is performed in the group then
other member should keep patience so individual can performed their tasks easily.
Step 3) Reflection
By conducting the group activities I gained that ethical value is very important. From this
five ethical value I learned value and principles through which I become able to understand the
different types of the ethics value and their principles. I gained knowledge regrading to the five
different types of ethics such as courage, honesty, fairness, modesty and patience. The first
ethical principles which I derived is courage which is associated with the ethical theory
consequentialism which is mainly focuses on to take the right actions towards the unethical
practices which are taken place in the group. Next, ethical value which I learned from the group
interaction is honesty. It is mainly based on principle of integrity. In this l learned that an
individual should always be honest with their work. It is also includes that a person should be
honest towards their actions. From the group interaction I learned that a person should always to
be honest with its action and words. The next ethical vale which I learned is that fairness. In
which a person should think that do not exercise power to someone other. This value is based
upon the principles of justice. This ethical value is associated with to provide equal chance to
every one and treat people equally. The next value of ethics which I learned from the group
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interaction is Modesty. This vale is based on the principle of virtue in which they judge a
individual on the basis on then character rather than their actions. In this I learned that an
individual should be judge on their character. The last ethical value which I learned that is
patience which meas that tolerate someone their actions.
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REFERENCES
Books and Journals
Kennedy, J.A. and Kray, L.J., 2014. Who is willing to sacrifice ethical values for money and
social status? Gender differences in reactions to ethical compromises. Social Psychological
and Personality Science. 5(1). pp.52-59.
Skela-Savič, B. and Kiger, A., 2015. Self-assessment of clinical nurse mentors as dimensions of
professional development and the capability of developing ethical values at nursing
students: A correlational research study. Nurse education today. 35(10), pp.1044-1051.
Taylor, M. and Yang, A., 2015. Have Global Ethical Values Emerged in the Public Relations
Industry? Evidence from National and International Professional Public Relations
Associations. Journal of Business Ethics. 130(3). pp.543-555.
Yullyzar, Y., Nasae, T. and Chaowalit, A., 2014. Ethical Values in the Nursing Profession as
Perceived by Head Nurses and Staff Nurses in Public Hospitals, Banda Aceh, Indonesia: A
comparison Study. Nurse Media Journal of Nursing. 4(1). pp.689-701.
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