Ethical And Ethical Challenges Of Organizations - 1536 Words

â€Å"A major problem we identify in business is that organisations are designed as profit making mechanisms and have no interest in the good of society† (Bartlett Preston, 2000). Companies always want to have an ethical advantage over other companies but only for the profit. With globalisation and technological advances, it can put a stress on some companies as they always need profit and market share to be successful and grow. â€Å"Individual managers (tone at the top) play an essential role making sure (that unethical behaviour) doesn t happen,† (Heskett, 2011). Companies rely on their top managers to make these hard decisions about ethics. Though the company had these values and views it is the managers who make the decision for the business. Hence companies in a competitive environment will not always be ethical. (Angelo Kinicki, 2015) There are four approaches to deciding ethical dilemmas; utilitarian approach is guided by what will result in the greatest good for the greatest number of people. The individual approach is guided by what will result in the individual’s best long term interests. The moral-right approach is guided by respect for the fundamental rights of human beings. Last the justice approach is guided by respect for impartial standards of fairness and equity. These approaches can be used by companies. They can help and provide guidelines for companies when faced with ethical dilemmas, this provides an alternative method. Ethical dilemmas often occur becauseShow MoreRelatedEthical Challenges in Business Organization (Maybank)5985 Words   |  24 PagesEconomics and Management Sciences Department of Business Administration Business Ethics MGT 3020 Dr. Naail Mohammed Kamil Ethical Challenges in Business Organization: A Study of Maybank Investment Bank Group Members: Atiqah Bt Dalik 1223400 Aida Abidah Bt Anuar 1220954 Alya Maisarah Bt Zainal 1228000 Nor Amira Suhada Bt Othman 1224892 Ethical Challenges in Business Organization: A Study of Maybank Investment Bank Atiqah Bt Dalik(1), Aida Abidah Bt Anuar(2), Alya Maisara Bt Zainal(3), Nor AmiraRead MoreEthical Leadership And Ethical Decision Making Are A Challenge For Any Organization Or Institution Essay6614 Words   |  27 Pages ED.D Organization Leadership Doctoral Qualifying Examination Student Examination ID Number QOL002 â€Æ' A. Ethical leadership and ethical decision making are a challenge for any organization or institution. Within your professional area/industry, analyze how and why ethical practices and behaviors are critical to your discipline and to the success of organizations. Justify your response in detail with three examples of current ethical practices and discuss the key theoretical conceptsRead MoreThe Ethical And Legal Challenges Of Mattel, Inc. Organization1805 Words   |  8 Pagesvirtues chosen as it relates to the ethical and legal challenges to the Mattel, Inc. organization. In addition, this paper will provide three examples of virtue ethics: courage, humility, and. Each will be described on how the virtues selected might have been used to more appropriately guide the actions, behaviors, and/or policies of the Mattel Company. Organizations who want to be successful must commit to finding leaders who are willing to exemplify ethical behaviors and promoting virtue inRead MoreImportance Of Business Ethics On Previous And Current Literature Essay1459 Words   |  6 Pagesbeing used, sensitivity of questions asked, content and length, method of administering, and sufficient response rate. In this type of research, business ethics research, the researchers are striving to obtain quantitative data or the frequency of ethical attitudes, behaviors, and experiences among the sample population (Rowley, 2014). There are several advantages and disadvantages to questionnaires. The advantages of using a questionnaire for research include standardized data collection, low costRead MoreEthical Issues Within The Field Of Human Resources1657 Words   |  7 PagesOrganizations are increasingly facing problems with ethical issues in the field of human resources. Among the biggest ethical concerns businesses faced are th e quality of work life, diversity at the workplace, worth of an individual, impartiality of human resources managers, and fair remuneration of employees. These issues present challenges mainly due to attaining a balance between the interest of the organization and requirements of employees. Ranking them based on effect on productivity and organizationalRead MoreEssay on Uop Ethics/316 Week 5 Cross Cultural Perspectives1340 Words   |  6 Pagesto similar ethical scenarios. Beekum, Stedam, and Yamamura (2003) suggest these differing conclusions will lead to conflict where one side perceives the outcome is ethical whereas the other does not. Another possible outcome is that one side may not even see a decision even being morally significant. Global organizations have the additional challenge when operating within a multi-national environment of recognizing cultural differences while maintaining a core moral and ethical foundation. Read MoreCultural Values and Personal Ethics Pa per1583 Words   |  7 Pagesvalues are in disagreement, an ethical dilemma occurs. This article attempts to explain how personal, cultural, and organizational values play significant parts in decision-making. In addition, the foundation of ethical dilemmas can often be traced to conflicting values. This paper will also briefly discuss how ethical dilemmas can be mitigated. A practical approach for understanding how ethical dilemmas occur, how dilemmas can be prevented, and how to make ethical decisions can best be done byRead MoreThe Ethics Of Public Health Essay1123 Words   |  5 Pagesof our role have special responsibilities for ethical conduct and ethical practices that go beyond meeting minimum legal and regulatory standards.† – American Public Health Association adopted a code of ethics developed by the Public Health Leadership Society. †¢ APHA’s code of Ethics identifies: o Values and beliefs that are key assumptions underlying a public health perspective of health, community, and bases for action o Principles of the ethical practice of public health based on these explicitRead MoreEthical Issues Of The Healthcare Essay756 Words   |  4 PagesEthical Systems in Healthcare Ethical Issues in Healthcare â€Å"If you don’t have integrity, you have nothing. You can’t buy it. You can have all the money in the world, but if you are not a moral and ethical person, you really have nothing†. –Henry Kravis - The American healthcare system delivers some of the finest care in the world. However, despite the high level of achievement delivered from the American healthcare system, it is afflicted with problems. Ethical issues that occur in the healthcareRead MorePersonal Model of Ethical Leadership1303 Words   |  5 PagesPersonal Model of Ethical Leadership Personal Model of Ethical Leadership: Ethical leadership is an important aspect that should be practiced by all individuals in leadership positions despite of whether the leadership is intentional or unintentional, or formal or informal. However, practicing ethical leadership is difficult in some cases, especially when there are tough decisions to be made while the appropriate choice is unpleasant though its clear. Notably, ethical leadership is quite important