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Management Ethics.

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Introduction

Contents Page Contents Page 1 Ethical Theory 2 Conclusion 4 References 6 Management Ethics Assignment Ethical Theory Ethics (sometimes known as moral philosophy) itself is not easily defined and philosophers provide differing explanations of it. It is certainly a subject that is used in discussions about how we should live, what is right and wrong and what we mean when we use words like right and wrong, good and bad. However, it must be remembered that Plato put the question of is there an ultimate answer of what is good or the right thing to do. Tobacco has been a highly discussed and controversial topic for many years now. While it has been almost fifty years since the dangers of cigarette smoking were first discovered, it seems as though with each passing day that new information is being discovered or divulged as the case may be. Tobacco Companies actively market a highly addictive and lethal product, and have done so for many years here in the United Kingdom and abroad. Their lack of ethics and social responsibility in the business world are apparent in documentations brought to light during lawsuits against them in recent years. The desire for profit and expansion, rather than a concern for societal health, has dictated big tobacco company operations. ...read more.

Middle

Business has allowed corruption in the workplace. Competition is the essence of business. Winning is more important than how the game is played and the reward for tobacco companies is financial and financial alone (Friedman 1962). Managers understand right and wrong in their personal life, but do not feel it applies to business practice. Generally people make an ethical decision when going to work for a company, then leave the ethical decisions to the company. This whole argument that the tobacco companies are unethical in the way they do business is grounded in the utilitarian moral doctrine. This states that "we should always act to produce the greatest possible balance of good over bad for everyone affected by our action." By good, Utilitarian's mean happiness or pleasure. This is obviously the case. For example, thousands of people are positively affected in the tobacco industry: lawyers, employees, executives, farmers, and the receivers of the taxes placed on the product. To these people, tobacco and cigarettes bring much pleasure, from money, to a job, to a way to relax, and not just to them, but to those around these people who are affected by their lives. Many people benefit from its existence. However, many millions of people die every year from smoking. ...read more.

Conclusion

as it leads to death & disease and the intent of the tobacco companies (de-ontological) is purely to make money so how can advertising the product be right and ethical thing? Foreign Direct Investment may benefit developed countries but in the Third World it can lead to dependence this is the case with many tobacco that operate in third world countries and allows them to get away with many unethical issues, and in some cases even changing legalisation. Conclusion Most of the theories used in the course were of some relevance & help when it came to understanding the case study surrounding Tobacco & advertising. When researching the case it was useful to look at a range of theories in order to draw out both the good and bad. However when applying theories it is possible to come up with a different answer or perspective with each theory that is used depending on one perception. I found that Subjectivism offer the only real answer as to whether or not tobacco companies like British American Tobacco were in the wrong to advertise their products and thus deemed to be unethical. The fact that moral decisions are made by the individual allows for change and diversity in society. The use of these theories have greatly aided my understanding of management ethics and have made me think harder before making important decisions. ...read more.

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