The Ethical Dilemma Of Business Ethics - 995 Words

Introduction Today, business ethics is one of the most important topics in discussion. With recent scandals come to the public of huge corporations, the public has lost its trust of businesses and require ethics be important to companies. Ethics, however, is not based solely on individual employees. In order for companies to comply with ethical standards, teamwork is necessary between the employees and the organization as a whole to create an ethical company culture that guides the actions of all members in an organization. Jacob’s Ethical Dilemma Jacob faces one of the most common ethical dilemmas—giving credit where credit is due. In fact, this dilemma is not only common in the workplace, but in every aspect of life, from school to work to volunteer organizations, and everywhere in between. Humans, in general, want to be recognized for their accomplishments. However, what about when someone is recognized unduly for an accomplishment that is not their own? While some may just go with it and enjoy the limelight they did nothing to deserve, others realize that this is not right, but what should they do about it? This is the exact dilemma Jacob was put into. Not only did Jacob’s company recognize him for an accomplishment that came mostly from Krystal’s efforts, they also gave him a $10,000 bonus for his work. From an ethical standpoint, Jacob should explain to the owners of the company that while he was the one that presented most of the material, Krystal did all of theShow Mo reRelatedBusiness Ethics, The `` Gray `` : Ethical Theories That Will Make The Decision Easier For Her Dilemma1103 Words   |  5 PagesIn business ethics, the â€Å"gray† areas are the toughest aspects that don’t have a clear right or wrong answer, but the reaction of the other party can have a potential negative impact on the business itself. Ethically, Jill will want to avoid the negative consequences as much as possible to avoid a conflict with William Potter and Henry. Objectively reviewing Henry delegated from William to Jill will have huge implications as the review moves forth. In making the decision, Jill will answer the questionRead MoreEthical Dilemmas Of A Business Leader1268 Words   |  6 PagesA business leader is seen as an influential and ethical authority figure. This ideal notion of a business leader is not always demonstrated. There are many business leaders that engage in unethical behaviors. â€Å"Ethical issues arise in every organization and throughout operations† (Collins, 2009, p. 13). Business leaders run into ethical dilemmas every day and it is up to them to make the best decision possible for the organization. Being ethical is not always easy to do in business. There are businessRead MoreEthics And The Ethical Dilemma1324 Words   |  6 PagesEthics in business has to do with making the right choices - often there is no apparent one right way and one must choose the best in the circumstances. Managers are sometimes faced with business choices that create tensions between ethics and profits, or between their private gain and the public good. Any decision where moral considerations are relevant can potentially give rise to an ethical dilemma, for example: †¢ A decision that requires a choice between rules †¢ A decision where there is no ruleRead MoreEthics Code Of Professional Ethics980 Words   |  4 Pagesarticle reviewed was Possible Ethical Issues and Their Impact on The Firm: Perceptions Held by Public Accountants. The abstract demonstrates the importance of AICPA’ â€Å"Code of Professional Ethics† and its components, and the influence of management perceptions on firms’ ethical environment (p. 919). Introduction. The authors study business ethics, compliance with ethics code, ethical issues, and ethical behavior of company management. The researchers concern with ethical believes of company employeesRead MoreManagerial Ethics: Enron Case Study1392 Words   |  6 Pagesprincipals were prosecuted. There is, in essence, no real ethical dilemma in the Enron case. A true ethical dilemma would have a dilemma component, whereas Enron was outright criminal behavior from the outset. Nevertheless, we will use this example to discuss some of the issues in managerial ethics. Theoretical Frameworks There are a number of different theoretical frameworks that have been proposed to evaluate ethical decision-making in business. Most of these are loosely based on philosophical traditionRead MoreQuestions On The Ethical Dilemma1625 Words   |  7 Pages1. Briefly explain the main ethical dilemma(s) in the case study. (450 words) According to the World Class Bull (2009) Chris, who is one of the SFS sales team, had sign a contract with one tough customer by using manipulative scheme towards the customer, Dale who is the CFO of Armadillo. First of all, Chris lied that he does not knows about Dale and his company, Armadillo. Besides, Chris feigns an interest on the bull and manipulates a prospect by introducing himself to Dale’s wife and then getsRead MoreEthics : Ethical And Unethical Behavior Essay1183 Words   |  5 PagesWebster Dictionary ethics are â€Å"rules of behavior based on ideas about what is morally good and bad; an area of study that deals with ideas about what is good and bad behavior: a branch of philosophy dealing with what is morally right or wrong†. There is more to ethics than the simple definition. To understand ethics one must define what is ethical and unethical behavior in the workplace and it importance, prescriptive approaches, psychological approaches, whistle-blowers, and ethics as organizationalRead MoreEthical Dilemm Ethics And Behavior Essay1578 Words   |  7 PagesEthical Dilemma’s in The Work Place Companies place a high amount of importance on the ethics and behavior in the workplace. Most companies specify behavior requirements when hiring employees and provide guidelines of appropriate conduct pertaining to internal policies. When it comes to moral behavior in the workplace there is always a chance of making a decision for personal gain over ethical integrity. A key component to workplace ethics is integrity, honesty and doing the right thing at all timesRead MoreQuestions On A Ethical Dilemma1482 Words   |  6 Pagessix questions or criteria method for recognizing a genuine ethical dilemma. If any of these questions require illegal activity, breach of policy or personal values, break the golden rule, the action is not publicly acceptable, or would harm others - then the action is a ethical dilemma. The first criteria examines the illegality of action. The second criteria asks if the action is a violate of one’s professional or corporate ethic. The third c riteria examines the if the dilemma’s relationRead MoreEthical Issues Of Business Environment850 Words   |  4 PagesUnder present day business environment, companies can face a number of ethical issues that require making hard and often dissatisfying decisions. In this context, it is necessary to mind ethical norms as well as results of actions taken in order to keep the efficient communication across companies and keep the right balance in communication with colleagues, subordinates as well as mangers (Horton, 2015). Taking into consideration that there can be distinguished a range of ethical issues that pertain