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Ethics
MEDIA ETHICS ISSUES
How do ethics relate to economic field? In what specific way(s) do ethics need to be applied (and/or in what ways are they monitored)? Explain.
Ethics arise throughout the field of economics simply because professionals in the field are provided with access to the financial assets of members of the public. Because financial professionals have an infinitely greater understanding of the processes and mechanisms of economic institutions, transactions, and investment strategies, they would be in position to profit personally at the expense of their clients and shareholders of publicly traded corporate entities. Ethics need to be applied (and enforced by compliance laws) in the economics field that ensure honesty and full disclosure, and that prohibit any conflicts of interests that could harm customers, clients, institutions, and the general public.
State in your own words what the principle of ethical responsibility in journalism entails, and discuss an example of a time you have seen this principle either upheld or broken by the press. Ethical responsibility in journalism is susceptible to various definitions: mainly, the different schools of thought are that ethical journalism relates primarily to abstract concepts like truth and justice, or to the United States, or to the members of the public. A comprehensive approach to ethical journalism might incorporate all three concerns by focusing on the duty to protect the welfare of the people within the U.S. By ensuring that all journalism is truthful, unencumbered by conflicts of interests, and only deviates from the absolute truth when necessary to protect the public. In that case, deviation from the truth must be limited to the withholding of information rather than the deliberate publication of untrue information or the inference that untrue information is, in fact, true.
The New York Times violated that ethical obligation in 2006 by publicizing information detailing law enforcement methods of tracking potentially terrorist-related funds because that publication compromised that particular strategy. Various news organizations violated their ethical responsibility during the 2008 presidential election campaign by repeatedly reporting Sarah Palin's ridiculous characterization of now President Barack Obama as having ties to known terrorists because that emphasis had the effect of increasing that false perception in the public. Conversely, most American news organizations upheld the ethical responsibility by withholding primary election results until their publication could no longer influence voters not to bother voting for trailing candidates.
Consumers often do not know that, for example, Disney owns ABC, when they are watching ABC present an ostensibly objective business story about the children's entertainment industry. Consumers may have the illusion of choice because they are watching different channels, without realizing that they may be watching many channels, all owned by the same network or media mogul. Fewer media outlets means less diversity in terms of the range of
Professional Ethics Issue: The case where the professional ethics issue arises is a situation in which the commended obligation for journalists to safeguard the confidentiality of their sources conflict with their supposed duty to help legal authorities in the quest for justice. As a notable case, Time's Matthew Cooper and New York Times' Judith Miller are facing an ethical dilemma with two major options. First, these journalists are faced with the
On the other hand, applicable laws do have authority and under the concept of moral relativism, it may be justified that any duly passed law be complied with (Svensson & Wood, 2008). One lesson from this case might be that laws between entities in different sovereign nations can be much harder to enforce than laws between entities within the same nation. In the future, Pakistan and other nations might want
589). This may sound harsh, but it has been shown in many countries that this is the best practice for the employment and the economy. While conditions in some sweatshops are unimaginable, in many countries sweatshop workers actually have better working conditions than many other workers have, and make more money as well. For example, a worker manufacturing shoes for Nike in a Chinese plant actually makes more money than
Therefore, corporations have had to change their viewpoints and start looking at the long-term consequences of their behavior, as well as looking at the bottom line. Businesses also have to be concerned because consumers have also become aware of environmental concerns, and many consumers are demanding earth-friendly products and have shown a willingness to pay more money to competitors who observe environmentally-friendly practices. Interestingly enough, this demand has given rise
Ethics The employee is faced with ethical requirements throughout their workday that must be met with knowledge and a trained attitude. Workplace ethics is one of the most crucial elements whether the person involved in an ethical dilemma is a high-level manager or an entry-level employee. An ethical stance is important because it is what guides the interactions that the employees will have with each other, their management, and the customers