StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Business Ethics and Ethical reasoning - Coursework Example

Cite this document
Summary
An ethical dilemma arose when working in an organization. Employees were paid different salaries which were not according to their job roles. The organization had many workers on a flat hierarchy. Many low hierarchy workers were being paid higher wages than the higher…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.7% of users find it useful
Business Ethics and Ethical reasoning
Read Text Preview

Extract of sample "Business Ethics and Ethical reasoning"

Business Ethics Business Ethics An ethical dilemma arose when working in an organization. Employees were paid different salaries which were not according to their job roles. The organization had many workers on a flat hierarchy. Many low hierarchy workers were being paid higher wages than the higher hierarchy workers thereby creating a disagreement and dissatisfaction among the workers. Justice must be done when salaries are decided for each hierarchy within an organization. The workload should also be justified according to the salary plan and benefits of the employee.

Justice is the method that should weigh the above given dilemma of ethics in pay. The advantage of choosing justice over other methods is that it confirms the pay of all employees to one standard within the organization. Second, advantage is that it brings the employers to answer the unethical practice.2. GlaxoSmithKline(GSK) has been providing money in different forms to organizations and individuals to promote its products through different channels. Some reports speculate that some of the activities have not been initiated by GSK management but by the sales team to increase commissions.

The operations which were encouraged by GSK, however, are part of a scheme to make GSK products a household name. The more GSK products are prescribed and used as the only product; a consumer will psychologically demand only GSK products on a second or third visit. The Company may face fines and lawsuits from the government once it is established that the management was involved in the crime, which can result in discontinuation of production. The public as a result of lawsuits can stop trusting GSK products as any discontinuation can harm the public health at large.

ReferencesLeong, Christl. GlaxoSmithKline Under Investigation for Unethical Commercial Practices. 28 May 2014. 14 July 2014. .

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business Ethics and Ethical reasoning Coursework”, n.d.)
Business Ethics and Ethical reasoning Coursework. Retrieved from https://studentshare.org/business/1652577-business-ethics-and-ethical-reasoning
(Business Ethics and Ethical Reasoning Coursework)
Business Ethics and Ethical Reasoning Coursework. https://studentshare.org/business/1652577-business-ethics-and-ethical-reasoning.
“Business Ethics and Ethical Reasoning Coursework”, n.d. https://studentshare.org/business/1652577-business-ethics-and-ethical-reasoning.
  • Cited: 0 times

CHECK THESE SAMPLES OF Business Ethics and Ethical reasoning

Is ethical Business Good or Bad for Business

The researcher states that as recently as about a decade ago, most firms perceived business ethics in terms of compliance with the legal standards as well as their adherence to the internal regulations and rules only.... Attention to the business ethics has increased throughout the globe and many organizations have realized that they must earn their customers confidence and respect for them to attain remarkable success.... Literature Review business ethics is one of the specialized ethics' branches that focus on the application of moral standards to business behavior and organizations (Velasques, 1998)....
21 Pages (5250 words) Essay

Ethics in Business

The study of ethical theories provides guidance and support in solving ethical dilemmas and ethical issues emerging in business world.... Fundamentals of Ethics There are primarily two fundamentals of business ethics-emphasis on concurrent solutions and ethical and Emphasis on concurrent solutions Business ethics emphasis on concurrent solutions through making use of ethical theories and judgments.... The study of ethical theories provides guidance and support in solving ethical dilemmas and ethical issues emerging in business world....
13 Pages (3250 words) Research Paper

Company's Ethical Code of Conduct for the Smooth Running of Its Business

12 Pages (3000 words) Assignment

Ethical Leadership Description

The paper contains the annotated bibliography of articles about the ethical leadership.... The annotated bibliography is divided into such sections as a definition of ethical leadership, characteristics of ethical leaders, models of ethical leadership, ethical leadership in politics and education  ... revealed that a number of factors influence ethical leadership including organization citizenship behavior....
4 Pages (1000 words) Annotated Bibliography

Ethical Reasoning in Business Decisions

In the research, the emphasis is given on the use of ethical reasoning for developing important business decisions.... The options proposed by Suppakorn would be evaluated using the Seven Step model, a theoretical framework that allows the identification of ethical dilemmas and constraints in regard to critical business decisions.... The Seven Step Model of ethical decision making would help Fiona Fuller to develop ethical decisions....
7 Pages (1750 words) Essay

Critical Business Ethics in Global Workplace Human Relations

However, what is considered ethical behavior is not as clear as it should be in a world where different levels of economic development are involved.... Various organizations around the d develop ethical principles and guidelines for their employees, where ethics involve the standards on what is right and what is wrong conduct (Renz 2010).... ver the past decade, there have been numerous ideas presented about the appropriate mode of ethical conduct in global business firms in a global setting....
11 Pages (2750 words) Coursework

Ethical Reasoning in Business

Furthermore, one ethical activity may not be considered as ethics, in another community or society.... This concept of ethical philosophy normally involves the identification of the right and wrong activities and outlining them in a system, that would act as guidance to the targeted people.... The principles of ethical philosophy denote that there is a need for defending the concepts of ethics that have been identified, and recommending their adoption and use, to the communities (Rosenbaum 45)....
5 Pages (1250 words) Case Study

Ethical Criteria and its Relationship with Business Negotiations

ethical theories are important for making concrete decisions by various organizational managers regarding their business activities and aids in… Business negotiators tend to use different methods in making their ethical choices especially in the business world.... ethical behavior has the tendency to improve the working conditions at the place of work for employees and the other stakeholders.... Through good The main ethical criteria in businesses are utilitarian, universalism, categorical imperative, justice views, individualism, and social justice relativism and their relation to business negations....
5 Pages (1250 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.
Contact Us