This website uses cookies to ensure you have the best experience. Learn more

Ethical And Moral Issue In Business

619 words - 3 pages

Ethical and Moral Issues in Business

Ethical and Moral Issues in Business
The purpose of this paper is to explain the difference between ethical issues and moral issues. Ethics are standards of behavior, which depending on a person’s profession must be adhered to such as legal, medical, or the workplace. Ethics dictate what socially acceptable behavior within a social system is and sets the standards for what is right and wrong. Examples of ethical issues are discrimination, sexual harassment, and conflicts of interest.
Morals refer to the understanding of what is right and wrong as well as what is just and fair and the actions taken. Morals define a person’s character and conform to social beliefs. Moral issues are one’s actions on those set standards. One may know that morally something is wrong but are considered to be ethical if one keeps their word or promise made. On the other ...view middle of the document...

For example, a person in the medical field, such as a doctor may morally believe strongly about an issue, such as abortion, and because of their beliefs think it is immoral regardless of the situation. However, because of the code of medical ethics that must be adhered to, the doctor must perform the abortion, risk losing their license, or might want to find another profession. Another example could be a lawyer that has a client who has admitted his guilt. Legal ethic codes forbid the lawyer from disclosing this to anyone, but morally the lawyer may want to tell because the client is guilty, thus creating an ethical dilemma for the lawyer.
Businesses today have policies in place, provide training and education, and have laws they must abide by to provide a fair and non- hostile working environment and yet they still experience ethical problems daily. One ethical issue at the core of the workplace is discrimination and harassment. This affects fairness by treating different people unequally, for example promoting a man because he is a man over a woman when the woman was more qualified.
Conflicts of interest can be both personal and professional when there is a compromise in one’s judgment and objectivity. The Hewlett-Packard Company CEO Mark Hurd was forced to leave the company after an investigation for sexual harassment and falsifying expense claims. Another example of a conflict of interest would be the Apple Manager who was charged with taking kickbacks in regard to IPhones and IPods.
Ethics and morals give a person the tools to do the right over wrong in their personal or professional life, however sometimes judgment can be clouded by temptations and surrounding circumstances. One must be conscious about decisions they make, the actions they take and reflect on them to ensure that they are making the right decisions.

DeGeorge, R.T. (2010). Business ethics (7th ed). Upper Saddle River, NJ: Prentice Hill
Trevino, L.K., & Nelson, K.A. (2007). Managing business ethics: Straight talk about how to do it
right (4th ed). Hoboken, NJ: John Wiley & Sons.

Other Essays Like Ethical and Moral Issue in Business

Ethical Issues in Business Essay

783 words - 4 pages Ethical Issues In Business In defining the meaning of business ethics both words need to be examined. Understanding ethics can be regarded as the morals and values a person was taught or experienced in growing up. Ethics can be thought of as a code of conduct that is used in relationships and interactions with others. It is abiding by laws and principles that has set a standard by our society. It seems to be a personal decision that is very

Ethical Situations In Business Essay

1484 words - 6 pages Ethical Situations in Business The chief goal of any successful business is to increase shareholder wealth. As a result, the vast majority of business decisions are driven by the basic objective of increasing net profit. These types of decisions are supported by financial data, and are often pretty straightforward propositions. For instance, if a company can gain efficiency via a more automated workflow, it may be able to reduce labor by

Social And Ethical Issue In Marketing Management: "Nintendo Vs. SEGA:Sex, Violence, And Videogames"

1805 words - 8 pages and small - citizens were increasingly fearful and concerned that violence was out of control.There was no easy answer what is the reason of this trend. But many experts said that the pervasive violence in television programming, films, and video games was one seed that promoted physical aggressiveness in some individuals.Subject of videogame has become controversial for citizens and government. Videogame industry as whole has faced social-ethical

Ethical and Socially Responsive Business

1099 words - 5 pages Ethical and Socially Responsive Business Iiesha Mosby Professor David Kimble, PMP Business/100 December 9, 2013 “Ethics and social responsibility often discussed in the same breath are closely related but they are definitely not the same. Ethics refers to sets of beliefs about right and wrong, good and bad; business ethics involve the application of these issues in the workplace. Social responsibility is the obligation of a business to

Analysis of Ethical Issue in Ikea’s Global Sourcing Challenge

558 words - 3 pages Analysis of ethical issue in IKEA’s Global Sourcing Challenge As we all know that IKEA was one of the largest specialized furniture retailers in the world. Its retail sales go up year by year while it also comes out some ethical problems: the environment and child labor. During the 1980s, some tests show that IKEA products emitted more formaldehyde than was allowed by legislation, which is harmful for people’s health. And it was even more

Ethical Situations in Business Task 1 Wgu

965 words - 4 pages Ethical Situations in Business Western Governors University Task 1 Part A During the entire lifetime of a business, it should have morals, values and a code of ethics. This company should strive to do better and live up to positive standards put in place. Moral values should be instilled in their management and trickle down to their employees. This process will boost morale in their employees and this light will be seen by

"An Interdisciplinary Approach To The Study Of The Life Of Siddhartha Gautama, Focusing On His Moral And Ethical Context In Terms Of Actions, Influence And Response"

1532 words - 7 pages To obtain a clearer statement of the significant issues that fashioned the moral and ethical values of the Buddha, the responder has to enquire beyond the spiritual context, and examine the historical. In this sense, the historian should not dismiss myth and legend as "historically implausible" due to the fact that the ethical values of these texts emphasize the motivational forces behind the actions of the figure. In the case of Siddhartha

Identifying Ethical Business Conduct Is Really Easy, but Engaging in Ethical Business Is Very Hard

4686 words - 19 pages rise in ethics education all indicates that concern over business ethics is becoming significant in our society. When a business and its employees performed in a consistent way that the society and the individuals considered as professional and morally responsible, it will be deemed as ethical business conduct. Some key moral principles have to include during the conduct, which are honesty, fairness, equality, dignity, diversity and individual

The Adventures and Moral Choices in Life

1141 words - 5 pages Huckleberry Finn In the adventures of Huck Finn, Huck changes and evolves in many ways. He becomes surreal throughout the novel. Huck has to make many moral choices; these moral choices help the author shape and develop Huck throughout the novel. Two prime examples of this are when Huck has to decide whether to stay with his Pap or to run away, and when he has the chance to turn Jim in to the slave hunters. Twain develops

Health and Safety Issue in Rmg Industry in Bangladesh

643 words - 3 pages line with the International Labor standards for Decent work. A stronger, more unified workforce will be more empowered and vigilant when it comes to matters of their Health and Safety as well as other Human rights. 4) I on behalf of trade union movement in Bangladesh urges to the Brands, Buyers and Retailers to Race the Prices of the sourcing apparels and exercise ethical buying practice so that our manufacturer would be financially sound enough

Social and Ethical Issues in Global Markets

3186 words - 13 pages differences become a barrier when “culture, customs, language, attitudes, and institutions vary from country to country that pose insurmountable obstacles to the success of the organization by making it difficult to differentiate a cultural issues from an ethical issue in this environment” (Cengage, 2009, p.363). * business and government interaction differences “depend upon the region of the world and industry under consideration, in which the

Related Papers

Mgt 216 Ethical And Moral Issues In Business

693 words - 3 pages Ethical and Moral Issues in Business Carlos I. Maldonado MGT 216 Organization Ethics and Social Responsibility February 3, 2011 University of Phoenix Ethical and Moral Issues in Business Moral and ethical issues are always present on each morning newspaper, the daily news, and on our surroundings. They confront us in the fundamentals of our daily jobs and encounter us from our children's daily school activities. We are daily

Ethical And Moral Issues Essay

596 words - 3 pages Ethical and Moral Issues in Business Trever Canham MGMT 216 March 14, 2011 Prof. Lewkut Ethical and Moral Issues in Business Ethics are the back bone of every industry looking to survive in the business world. A customer would eventually lose interest in a company if they decided to promote bad customer service or poor quality products. Often times a company will have a mission statement that defines their purpose and their methods of

Ethical Dilemma In Business Essay

4092 words - 17 pages might arise from the action taken by Chomski In deciding the actions which are to be taken by Lesley Chomski, to address this situation which possesses an ethical dilemma, the objective should be to arrive at the right decision, which demonstrates ethical behavior in business. Ethical behavior is defined as behavior that is judged to be good, right, just, honorable and praiseworthy has become of critical importance to business organizations. This

Moral And Ethical Issues Facing Managers

935 words - 4 pages In their every day operations, managers are faced with many ethical and moral issues. Management job is all about making decisions meant to move the organization forward. This means that in making important decisions for the organizations, managers are likely to be faced by many challenges. From the individual perspective, there is no absolute objectivity. This means that it is quite hard for managers to make decisions that are 100% correct