Work situation at my present employment which posed an ethical dilemma for me.

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Work situation at my present employment which posed an ethical dilemma for me

             

                 Course Title: Bachelor in business studies

                 Module        : MGT 230

                 Module title: Business and Portfolio ethics                                

                                                     Submitted to : Mr Anand Walser

                                                         

                                                      Submitted by : Madan Gupta

                                                       Student Id no: 860199.


Table Of contents:                                                                        Page number

1.Introduction                                                                    3.                                

2.Ethical Dilemma                                                           4

3.Description of the work situation.         5

4.Options Available                                                                            6

5.Solution                                                                                             7

6.Justification Of The solution                                                           8

 

7.Reasons against solution                                                                   9

8.Relationship of solution to ethical theories                                  10-11

9. Conclusion                                                                                        12

10.Reference:                                                                                        13


Inttoduction.

 Before starting the work situation I would like to talk about the business ethics first and its importance. Business ethics is one of the most important, still perhaps most misunderstood, concerns in the world of business today. The field of business ethics deals with questions about whether specific business practices are acceptable. For  example should a sales person omit facts about a product’s poor safety record in a sales presentation to a client? Should an accountant report inaccuracies discovered in an audit of a client, knowing the company will probably be fired by the client for doing so? Should an automobile tire manufacturer intentionally conceal safety concerns to avoid a massive, and costly, tire recall? Regardless of their legality, the actions taken in such situations will be surely judged by others as right or wrong, ethical or unethical. By its nature the field of business is controversial and there is no universally accepted approach for resolving its issues. On the other hand, government is encouraging organizational accountability for ethical and legal conduct. Organisatons are being asked to prevent and control misconduct by implementing ethics programs and businesses are communicating core values to their employees to develop an ethical climate in the organization.

               Ethics has been defined as “ inquiry into the nature and grounds of morality where the term morality is taken to mean moral judgments, standards and rules of conduct.” It has also been called the study and philosophy of human conduct, with the emphasis on the determination of right and wrong. The American Heritage Dictionary offers these definitions of ethics: “ The study of the general nature of morals and of specific moral choices; moral philosophy and the rules or standards governing the conduct of the members of a profession.”

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    ( Business ethics by Ferrell, Fraedrich and Ferrell 5th edition. Page 4-5.)  

 

Ethical Dilemma

Among men there are but few who behave according to principles – which is extremely good, as it can so easily happen that one errs in these principles, and then the resulting disadvantage extends all the further, the more universal the principle and the more resolute the person who has set it before himself.

       Immanuel Kant, Observations of the Feeling of the Beautiful ...

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