Verified Document

Ethical And Moral Issues In Business A Essay

Ethical and Moral Issues in Business A situation or problem requires an organization or a person to choose between some alternatives. These are evaluated as ethical (right) or unethical (wrong). Involvement of a difference of belief is a moral issue. A slight difference between moral issues and ethical issues is about "preference." Such issues play an important role in business dealings. This essay discusses various ethical and moral issues in business. Also difference between personal ethics and business ethics is discussed.

Ethical and Moral Issues in Business

Ethical and moral issues play an important role in the field of business. In areas such as pricing, contracts, personal selling, suppliers and advertising, several examples of business ethical dilemmas and decisions can be found. There is a clear difference between ethical issues and moral issues; they are discussed in the following paragraph.

Considering the area of "suppliers"; if unethical practices of the suppliers are ignored by a business firm then it is not an ethical firm. The unethical practices include use of forced labor and child labor, violation of basic rights of the workers, production in sweatshops, ignoring environmental, safety and health standards. Several businesses operate in a supply chain. Showing concern to the behavior of all the businesses is the responsibility of an ethical business....

A supply chain consists of sales agents, contractors, distributers and suppliers.
Moral issues involve difference of belief. No matter of preference is present in such issues. A moral dispute may involve any factual disagreement. The beliefs of two people or parties may differ but there is no disagreement in the attitude (feeling); for example obeying a law or cheating in exams. Moral issues also involve a special kind of feeling (experience); for example, feeling of guilt, shame or satisfaction. "We accept the principle of well-being and the principle of autonomy. These principles count in favor not only of abandoning the extreme view, but also of accepting the liberal view" (Kappel 2001).

Some people mix business ethics with personal ethics. Business ethics such as employee relations, harassment, discrimination etc. come in to play when any business has to make a decision. In simple words the discipline and behavior followed by a business in its activities, is called as business ethics. On the other hand personal ethics mean whatever a person believes to be wrong or right. Personal ethics are influenced by experience, culture, religion, law and beliefs therefore it varies from person to person. An example of personal ethics could be telling truth or open to an extent.

Personal ethics may not be influenced by business ethics but business ethics are greatly influenced by…

Sources used in this document:
References

DeGeorge, R.T. (2010). Business Ethics. London: Pearson.

Donaldson, T., & Werhane, P. (1983). Ethical issues in business. Retrieved June 11, 2012, from, http://www.google.com.pk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=9&sqi=2&ved=0CIoBEBYwCA&url=http%3A%2F%2Fwww.karlknapp.com%2Fresources%2Fethics%2Fethicsinbiz_donaldson.doc&ei=idDVT9WZL-uUiAfb-NytAw&usg=AFQjCNHymMfF0ux6YKkPDZMZvtYuDvv4gw&sig2=wqU4iq3BdWGNtP5U42TbAw

Kappel, K. (2001, March 12). The Morality of Euthanasia. University of Copenhagen. Retrieved June 11, 2012, from http://www.staff.hum.ku.dk/kappel/tekster/pdf/The%20morality%20of%20euthanasia.pdf
Cite this Document:
Copy Bibliography Citation

Related Documents

Ethical Practices Within Business
Words: 1481 Length: 5 Document Type: Essay

Ethical Practices Within Business BP Struggles to Resolve Sustainability Disaster Over the past 20th century and in the 21st century, ethics has neither been an option nor a luxury. It has not only become a moral or legal responsibility, but has also been an organizational priority within all sets of work groups, including both public and private institutions, organizations and companies. Ethical practices have also become the only strategy to combat the

Ethical Problems in Business Principle: Ethics May
Words: 1450 Length: 5 Document Type: Research Paper

Ethical Problems in Business PRINCIPLE: Ethics may be termed as the inner guiding moral principles, values and beliefs people use to indicate and identify what is acceptable and appropriate behavior whilst straying away from the opposite (Jones, 2007). However each individual may perceive different behaviors as acceptable and appropriate depending on the individual's own self-interests, attitudes, beliefs and values. To dig further into the aspects of business ethics, it is primarily a notion for

Ethical Dilemma of Business Globalization
Words: 1463 Length: 5 Document Type: Thesis

Given a situation in which one person lies and the truth would hurt the others, the dilemma resides in whether the person should continue lying or confess Free to do otherwise - a situation in which a general solution is proposed for a wider population, but some members feel it is not right for the individually. The dilemma resides in whether the individuals will do what is best for the

Ethics - Moral Theory Ethics
Words: 1154 Length: 4 Document Type: Essay

Deontological theory might criticize Guido's choice if the initial assumptions included the rule prohibiting lying. However, deontological analysis is only as useful as the underlying rules with respect to which it is applied. Therefore, the solution to the deontological issues raised by the issue presented by the movie is simply to reformulate a less restrictive rule that is incapable of being applied to every situation. Instead of proposing the rule

Ethics of Good Business Vs. Gender Inequality in Health Care
Words: 2711 Length: 8 Document Type: Research Paper

Ethics of Good Business vs. Gender Inequality in Health Care In excess of any other organization, concerns that deal with patients and their well-being are of utmost significance in the healthcare industry. This is since; individuals in this business are dealing with such circumstances and environments, every day, which have a direct manner on another person's way of life. That is why, it is compulsory for all healthcare organizations to have

Ethical Dilemmas in Business Case One: This
Words: 1021 Length: 3 Document Type: Essay

Ethical Dilemmas in Business Case One: This is a situation where a disgruntled worker from the company's main competitor mailed top-secret information or innovative product samples to me. Some of the major concerns that arise include whether to forward the information to the firm's research department or to mail the information back to the competitor informing them what is happening. The other ethical dilemmas that arise include whether to ignore or throw

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now