Nobody downloaded yet

Comparing and Contrasting of Ethical Perspectives - Essay Example

Comments (1) Cite this document
Summary
General ethics are intrinsic part of human interactions that are guided by individual values and principles. In the broader context of business, the ethical considerations are deemed complex as people have diverse perspectives on issues…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.5% of users find it useful
Comparing and Contrasting of Ethical Perspectives
Read TextPreview

Extract of sample "Comparing and Contrasting of Ethical Perspectives"

Download file to see previous pages On the other hand, business paradigms are highly volatile which depend on externalities for their sustainable performance. The myriad shareholders and stakeholders of the business emerge as key factors whose interests need to be incorporated within the aims and objectives of the firm for its long term sustainability. As such, the need to become accountable for their actions becomes a highly desirable element of their success. Indeed, the ethical considerations become hugely important issues as they influence the decision making processes that have wide ranging implications for the business and the stakeholders at large. The paper would discuss the issue by comparing and contrasting three articles: ‘What is business ethics’ by Peter Drucker; ‘The social responsibility of business is to increase its profit’ by Milton Friedman; and ‘The relevance of responsibility to ethical business decisions’ by Patrick Murphy. The varying views of the scholars reflect not only the significance of ethics but also its hugely controversial impact on business outcome. Thus, it is vital to highlight the need to evaluate the extent to which the ethics play role in the overall performance of the business. Most importantly, the paper makes an effort to emphasize the changing dynamics of business imperative in the transforming societal values and emerging new socio-cultural and economic order. What is ethics? Drucker believes that in the contemporary times, the word, ‘business ethic’ has replaced social responsibility. He broadly expounds that ethics are moral obligations that are relative to contexts and people. He says that moral laxity can be defined by the individual behavior but its implications are suspect because of the differing perspectives on the right behavior. Moreover, the ‘extenuating’ and ‘aggravating’ circumstances make the moral behavior highly objectionable as they tend to favor the powerful and the rich. It is true that the wide diversity of socio-cultural and religious paradigms reflects the diverse ethical and moral practices within different societies across the globe. Thus, very often, the actions of people are deemed good or bad as per the different ideologies and views of the people coming from different background. Drucker claims that moral obligations and ethical behaviour therefore depends on the moral norms of one’s society’s culture. Most importantly, he says that individual behaviour cannot be applied to business because morality is relative that relies on socio-cultural norms. Milton Friedman, on the other hand, uses the term social responsibility to define business ethics and says that it is totally irrelevant to the main objectives of business, which is to make profit. He strongly asserts that business can only contribute to social causes to the point where its interests are not clashed. He has linked social responsibilities of business with that of issues like unemployment, poverty, pollution control etc. and criticizes the reformers who think that businesses need to focus on wider objectives than merely profits. According to him, burdening the business with social responsibilities adversely impacts its major objective and undermines the postulates of free society. Patrick Murphy’s article reviews the business ethics vis-a-vis moral responsibilities of businesses and how they are employed in decision making processes. He uses different articles to show how various types of social responsibilities: legal, corporate, managerial, social, stakeholder and societal are applied within and across businesses to achieve wider objectives of bus ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Comparing and Contrasting of Ethical Perspectives Essay”, n.d.)
Retrieved from https://studentshare.org/business/1401084-compare-and-contrast-ethical-perspectives
(Comparing and Contrasting of Ethical Perspectives Essay)
https://studentshare.org/business/1401084-compare-and-contrast-ethical-perspectives.
“Comparing and Contrasting of Ethical Perspectives Essay”, n.d. https://studentshare.org/business/1401084-compare-and-contrast-ethical-perspectives.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
ni
nigel31 added comment 10 months ago
Student rated this paper as
I had an issue with a essay types of works. All until I came across this website and this particular paper. Even though "Comparing and Contrasting of Ethical Perspectives" is far from my studies, the structure is so great that I use it all the time as an example for my own works.

CHECK THESE SAMPLES OF Comparing and Contrasting of Ethical Perspectives

Comparing and contrasting

...? Running head: Compare and Contrast Compare and Contrast: A Long Way Gone with Hotel Rwanda First and Name Abstract The book, A Long Way Gone, and movie Hotel Rwanda, both tell of civil unrest in Africa. The purpose of this paper is to compare and contrast the similarities and differences in the situations and characters presented. Also as a part of this, a personal opinion will be given as to which character is more identifiable. Compare and Contrast: A Long Way Gone with Hotel Rwanda Africa has undergone much turmoil over the past few decades. Lack of descent healthcare, food, and shelter, combined...
3 Pages(750 words)Essay

Comparing & Contrasting Authorities

...YAO Xinyu No: YAXIC51 QCA1208 Modernism & Postmodernism Semester: Semester 2006 Assignment: Assignment Assignment 1 Pablo Picasso has made tremendous contributions towards the improvement of the global economy that influences our society today. Having passed away in 1973, his paintings are some of the most famous & sought-after masterpieces that are definitely priceless & irreplaceable due to their uniqueness & rich content. Apart from his works being displayed in most major museums of great importance around the world, anyone belonging to the elite & rich would unarguably love to have an original collected. On the basis of this argument, the three articles that I will be comparing as part of this paper are...
4 Pages(1000 words)Essay

Ethical Perspectives

...Ethics is the discipline of philosophy that deals with the rules of conduct (Webster’s II, 1984). This discipline is utilized by everyone in judgmentto make decision on a daily basis. Along with its practical application ethics is extremely important in business and organization affairs. There are different ethical perspectives that according to these different theories determine right from wrong. This paper analysis the ethical perspectives of a subject named Betty. Betty works as a bookkeeper in an accounting department of a small firm. The ethical views of Betty are described based on different situations that either...
3 Pages(750 words)Essay

Comparing and Contrasting Poetry

..., almost a painting in words, representing everything we dream about and everyone we envy. We hear description of things like he was “imperially slim”, or he “glittered when he walked”. Robinson uses words that hint of royalty: crown, king and imperially, but contrasts these with the meagerness of saying that “we” (the narrator’s group) “went without the meat, and cursed the bread”. Roethke is a bit more subtle with his poem, first allowing us to peek in at the scene, watching the boy and his drunken father stomp about. We know that the household is not rich, and that the father is a manual laborer, or maybe a farmer, from the dirt caked rough hands. The language is plain and driect, using words like “romped” and...
2 Pages(500 words)Essay

Comparing and contrasting poems

...is composed of eight lines while the following two are of six lines each. The poem ends with a single, sure line that comes after a couplet. “America,” on the other hand, is written in the format of a sonnet with three quatrains and a concluding couplet. Both poets although squabbling with the entity that is America, are proud of who they are. Their American identity as a colored person is something they cherish and acknowledge. While Morales speaks “English with passion,” McKay loves “this cultured hell.” McKay opines that although life in America is tough especially when one has to face segregation on the basis of race, he still loves this country because it makes him grow tough and resilient. And although it is a huge country...
5 Pages(1250 words)Essay

Poetry Comparing and Contrasting

...Aviva Kopolovitz Marotta English 165W 10/23/14 Comparing and Contrasting Poems The poem To His Coy Mistress by Andrew Marvell depicts a young lady who has been slow with respect to responding to sexual advances of a young man. The young man spends a lot of time admiring each body part of the young women despite the resistance she directs towards his advances. In Those Winter Sundays by Robert Hayden, we see an adult speaker who depicts the ways in which his father expresses love and concern towards him based on the actions he engaged in. Both of these poems To His Coy Mistress and Those Winter Sundays contain common elements that will show the similarities and differences of their content. From the two...
3 Pages(750 words)Essay

Comparing and Contrasting

...brighter colors, the end result is the same, the color brings out the form. Looking at the Kooning, you notice the similarity with Portuguese in the way that space has been utilized, there are other spots on the painting that have not been painted. We could agree that De Kooning painted women more than any other subject but that is not what he is known for. The difference that is so obvious between these paintings is the vigorous way that De Kooning used his paint strokes. They are dominant as compared to the delicate strokes of George in the Portuguese. The color is subdued with the Portuguese while in the Woman it is the first aspect of the painting that speaks to you. There is more sensuality in the Woman painting...
4 Pages(1000 words)Essay

Comparing and contrasting

...Comparing and Contrasting USA and Australian Constitution Comparing and Contrasting USA and Australian Constitution Introduction The paper compares and contrasts the Constitution of Australia with that of United States of America. The analysis is based on the methods of limitation of state power as provided for in the two constitutions of the two countries. The paper makes a critical examination of Federalism, separation of powers and parliamentary sovereignty in the two countries. Moreover, the contrast and comparison focus on the Bicameralism, bills of rights and heads of power as reflected in the each country’s...
6 Pages(1500 words)Essay

Comparing and contrasting

...Compare and Contrast The Law Battles There are two cases and a legal text to be examined in this paper, there will e a comparison of the facts and judgment given as follows. In the Botha case there were four complaints lodged against the appellant, while in the Davey case there was only one complaint. After a thorough investigation the law society came to the conclusion that the appellant had not deposited all the monies that he had received for the transfer into his trust account and the deposited monies was not done in a prompt manner, the appellant records of accounts did not reflect all the transactions of the practice and the accounting records were not updated. The appellant was not accountable to...
4 Pages(1000 words)Essay

Comparing and contrasting

...Comparing and Contrasting Comparing and Contrasting Constitutions tend to vary from one nation to another. This is because the provisions of any constitution are guided by the laws of a country. Since the laws might be different between nations, then the constitutions might also be different. However, in some instances, constitutions can have similarities. The United States Constitution and the Australian Constitution have some similarities and differences. This paper will compare and contrast the United States and Australian Constitution. In the comparison, the factor to be considered is the limitation of state power. More specifically,...
6 Pages(1500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Comparing and Contrasting of Ethical Perspectives for FREE!

Contact Us