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  • Essay / Ethical Dilemmas and Normative Theories - 1361

    Essay Questions: How does the situation John faces constitute an ethical dilemma? Using two normative theories of ethics, comment on the ethical aspects of the situation. Business is an organization or economic system where products and services are exchanged for money, product or services. Businesses need investments or customers to make a profit and survive. In the business world, ethical problems can arise, for example in relation to false advertising, misleading the public, exaggerations and denials. In this case study, the ethical issue identified is exaggeration of company revenue and falsification of documents by signing an order that has not yet been finalized. Business ethics is the study of business situations, activities and decisions where questions of right and wrong are evaluated. “Business ethics, ultimately, is just business in its broader human context” (Solomon, 2009, p. 37). Ethical dilemmas such as financial management, corporate social management, corporate governance, shareholder relations, insider trading and discrimination are examined by business ethics. Ethical dilemmas arise in situations where there are no right or wrong answers, usually a complex moral question that must be resolved, a choice must be made between "right" and "good"; choose the best from the worst. It is not normally easy to arrive at an outcome, but the dilemma can be resolved in different ways depending on each person's situation, background, personality, beliefs, life experiences, as well as taking into account legal, moral factors and societal norms during analysis and treatment. and make a fully informed morally ethical decision. The process of solving such complex problems involves analyzing the problem itself, considering possible consequences...... middle of document ...... and taking into account other parts, from ask themselves what is best for their investors and their business. as a whole, what is best for him now and in the future, what is best for customers, how the company's reputation will be affected and what the consequences will be if he commits fraud and the order is not finalized. In this situation, make the good things outweigh the bad. After analyzing the case study and doing my research on ethical normative theories and morality in business, my opinion would be for John to not take a risk, do what is "right" and wait until the deal is done before signing the order. Yes, the company may not make it, but John can always find another job where, like if he committed fraud, things could be much worse for him in the long run. In the end, he will have made the right decision without violating the company's laws and regulations..