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Ethical Dilemmas Based On The Role Of Personal Ethics In Business

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Ethics in business are not just a passing fad. Ethics are foundation of any business. Ethics are the values that you invest in a business. When your organisation is ethical the employees in the organisation feel motivated to work in the organisation. I visited a company in which the main motto of their company in their mission statement was "To deliver value products and services to customers NOT under any cost." This we can say that such an organisation is ethical and they have invested values and the ethics in their business. Another example of ethics in business is, a company in Ahmedabad, dealing with manufacturing of engineering products have a graveyard in front of their organisation. Yes a graveyard, even I was surprised to hear that. …show more content…

Have you ever received too much money back when you paid for something in a store, didn’t get charged for something you ordered at a restaurant, or called in sick to work when you just wanted a day off?College Confidential, http://talk.collegeconfidential.com/california-institute-technology/427749-ethical-dilemma-question.html (accessed August 31, 2009). Each of these is an ethical dilemma. You make your decision about which path to take based on your personal ethics; your actions reflect your own moral beliefs and moral conduct.Manual Velasquez, Claire Andre, Thomas Shanks, and Michael J. Meyer, “What Is Ethics?” Santa Clara University, http://www.scu.edu/ethics/practicing/decision/whatisethics.html (accessed August 31, 2009). Your ethics are developed as a result of your family, church, school, community, and other influences that help shape your personal beliefs—that which you believe to be right versus wrong.Manual Velasquez, Claire Andre, Thomas Shanks, and Michael J. Meyer, “Ethics and Virtue,” Santa Clara University, http://www.scu.edu/ethics/practicing/decision/ethicsandvirtue.html (accessed August 29, 2009). A good starting point for your personal ethics is the golden rule: “Do unto others as you would have them do unto you.” That is, treat people the way that you would like to be treated. You would like people to be honest with you, so be honest with

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Fila has a Code of Business Conduct that outlines how Fila operates by abiding to all laws and regulations. Clearly stated in the Code of Business, all vendors and suppliers along with partners of the company must reach standards of laws and reguations. These other companies must have safe working conditions, acceptable wages, and a maximum number of hours worked each week/month. Only hiring workers of appropriate age to work in the country and paying wages on time, while offering acceptable vacation days and retirement plans are other obligations. The company cannot employ anyone that is imprisoned, on bail, bond or using it as a punishment for conveying religious views.

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It is essential for individuals and those representing an organization to understand what is an ethical dilemma. Wells Fargo financial corporation was involved in a dramatic ethical issue due to millions of unauthorized bank account openings. As explained in The PLUS Ethical Decision-Making Model, “many organizations battle to develop a simple set of guidelines that make it easier for individual employees, regardless of position or level, to be confident that his/her decisions meet all of the competing standards for effective and ethical decision-making” (n.d). The Wells Fargo scandal is evident prove that employees lacked ethical judgment and management supervision. The seven ethical decision-making steps foster straightforward thinking that

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The concept of ethics entails systemizing, justifying, and recommending right and wrong conduct. It involves in practical reasoning: good, right, duty, obligation, virtue, freedom, rationality, and choice. Humanity has questioned this concept of ethics and ‘good’ for as long as it has survived, as it deals with real-life issues such as “what is morally right and wrong?” and “how do people ought to act?”

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• Identify three out of five skills or competencies you have acquired through participation in general education courses that will help you strive to meet your academic and career goals. Through participation in general education courses, there are a number of skills or competencies I have acquired that will help me strive to meet my academic and career goals. The three skills I have acquired are the following: apply ethics and moral reasoning to academic knowledge and societal concerns, exhibit clear communication skills through investigative research and writing, and utilize information technology skills appropriate to interdisciplinary studies. • Describe your three chosen skills and explain which activities, assignments, or courses helped you acquire them

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The selected corporation is Volkswagen (VW), a German car manufacturer headquartered in Wolfsburg, Lower Saxony, Germany. Established in 1937, Volkswagen is the top-selling and namesake marque of the Volkswagen Group, the holding company created in 1975 for the growing company, and is now the second-largest automaker in the world (Wikipedia, 2016). Volkswagen’s corporate website is http://www.vw.com/. According to the International Ethical Business Registry, there has been a dramatic increase in the ethical expectations of businesses and professions over the past ten years. Increasingly, customers, clients and employees are deliberately seeking out those who define the basic ground rules of their operations on a daily basis.

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However, as we discussed in class, there are so many situations where ethical decision-making occurs, and there are so many factors that influence why we do what we do. Because we work with a multitude people with interesting and diverse lives and backgrounds, and because we come in with our own baggage and experiences that influence how we act and react, we make split-second decisions all the time that can have profound effects on our work and our consumers. Having so many opportunities to look at my own actions, this particular assignment has been so rewarding and interesting for me. This is the first time in any of my assignments where I have been forced to look at how ethics is involved in our

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Generally, ethics is defined as the rule for carrying out certain behaviors by distinguishing between acceptable and unacceptable behavior (Resnik, 2015). In other words, ethics assists in determining whether a decision is right or wrong when given a choice. As a matter of course, decision-making is first predisposed by personal ethic that is constructed on personal experience and conscience (Fritzsche & Oz, 2007) . It tends to be affected by family and friends (Ferrell & Gresham, 1985). Not only does personal ethics guide human behavior but also social ethics (Shaw, 2002).

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This statement is supported by Bennett (2014) wherein ethics clearly defines what is the right and wrong things and shapes what kind of behavior the business should act on. For the sense of business according to Joseph (2013), ethics are constructed and decided by each business and underpins decision that an employee makes. When it comes to the business’ environment, a well-constructed ethics is a key for a considerate and responsible decision making in a business (Bennett, 2014). Business Ethics is very important inside the company, it will show the moral standards that a company or business have whether it is right or wrong and good or bad.

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