Free

Business ethic - Essay Example

Comments (0) Cite this document
Summary
The support of life after the war is a social responsibility of the United Nations but the actions of the international organization and the Australian Wheat Board led to the ethical issues. The involvement in corruption and war to support Iraq government in the build up to the…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.9% of users find it useful
Business ethic
Read TextPreview

Extract of sample "Business ethic"

Oil for Food Scandal What are some of the main ethical and social responsibility issues involved in this case or dilemma?
The support of life after the war is a social responsibility of the United Nations but the actions of the international organization and the Australian Wheat Board led to the ethical issues. The involvement in corruption and war to support Iraq government in the build up to the desert storm and the Second World War was a major dilemma for the international community. In fact, it led to the confusion in action taken by the international government. The dilemma in the case was whether to support the current government or to enter into war with the challenge of supporting the society after the event. In conclusion, the challenge was on both AWB and oil protocol.
Who are the main stakeholders and what are each of their primary interests?
The main stakeholders in the case study are Iraq government and the international community including the US and Australia. Likewise, the primary interest of Australia was to obtain oil while offering food support to help in the recovery of the war torn Iraq after the desert storm. The primary interest of the Iraq government led by Saddam Hussein focused on protection of personal interest and development of the weapons of mass destruction.
What theoretical frameworks or models that you are aware of so far in this course might apply to this situation?
The ethical framework theories such as the teleological ethics can apply to the situation because it is based on the end result of the action. For instance, the food for oil, programs main aim was to ensure the Iraqis do not die of hunger after the operation desert storm which leads to loss of food reserves. However, the end result of the program was massive corruption making the idea wrong based on the teleological ethics theory. The consequence of the approach of the makes it a wrong approach in Iraq because of massive corruption and strengthening of the incumbent government which latter stocked itself with banned weapons including biological weapons of mass destruction. Utilitarianism ethical theory focuses on the greatest benefit to the greatest number of people. For instance, the attack of Iraq because of the existence of the biological weapons was considered a best option because it would benefit the whole world. Therefore, the theory supports the invasion of Iraq by the international community.
What actions or decisions would be likely to yield the most ethical and socially responsible outcome(s)?
The decision to open case against the eleven executive members of the AWB board is end product of unethical approach in problem solving for the Iraq case. The best approach was to ensure that the Iraq government pays for the goods and service provided instead of working on the Oil for Food strategy which failed miserable and led to empowerment of the incumbent government. In a good strategy in solving strategy ensures that the locals benefit and not the government officials.
Additional comments
The dilemma in the case relate to current world because of the challenges affecting individuals daily. The choices made daily affect the future of occurrence and events. The choice of courses to pursue in the career development will ultimately affect the outcome. In addition, the development personality is affected by the interaction between individuals. The molding of character is based on the interaction with people and learning. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business ethic Essay Example | Topics and Well Written Essays - 500 words - 1”, n.d.)
Business ethic Essay Example | Topics and Well Written Essays - 500 words - 1. Retrieved from https://studentshare.org/business/1655973-business-ethic
(Business Ethic Essay Example | Topics and Well Written Essays - 500 Words - 1)
Business Ethic Essay Example | Topics and Well Written Essays - 500 Words - 1. https://studentshare.org/business/1655973-business-ethic.
“Business Ethic Essay Example | Topics and Well Written Essays - 500 Words - 1”, n.d. https://studentshare.org/business/1655973-business-ethic.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Business ethic

Business Ethic (Case study)

...?The concept of ethics is very important in the day to day operations of any business. As such, this essay seeks to critically analyse the given casestudy involving Kaspa, a financial organisation to establish the ethical dilemma it is facing after a terrorist attack at the subway station near its office building. It starts by explaining the meaning of ethics followed by identifying the ethical dilemma being faced by the organisation. Ethical perspectives will be discussed in relation to this dilemma. 1. In order to explain the main ethical dilemma(s) presented in the given case study, it is imperative to begin by...
8 Pages(2000 words)Essay

Business ethic analysis

...College: Business Ethics at AIG Introduction Business Ethics deals with how a business should function properly and is primarily concerned with the manner of the company’s organization. There can be several concepts underlying business ethics but the bottom line is that a business entity must engage in business that is legal, in a proper way and without stepping on another person. Ethical issues are a must for any type of business in the world today. By setting up codes of conduct and corporate values, it would enable businesses...
4 Pages(1000 words)Essay

Business ethic and CSR

... A critical analysis of the Paper: Signaling Through Corporate Accountability Reporting Thomas Lys James P. Naughton There is a widely held view in the corporate literature that corporations incur social responsibility expenditures (CSR) either as a way of charity or as a way of investment with a hope to earn future returns. But in their recent paper, “Signaling through Corporate Accountability Reporting” Thomas Lys, J. P. Naughton and Clare Wang uphold their very interesting observation that undertaking of CSR expenditures by a firm in current period are neither a charity nor an investment but it’s a signal that firm anticipates bright future prospects. The paper also maintains that positive correlation between CSR expenditure... A critical...
3 Pages(750 words)Essay

Business ethic for leaders

...Business ethics Introduction Business ethics refer the standards of wrong or right conduct that a company or business adopt in its association with its environment. In the present world, there is no single acceptable moral code; therefore, it is important to note that businesses and companies implement business ethics in their organization. They should be laid down and followed to the later by all individuals in a company in order to create a conducive and friendly working environment. According to Applied-corporate-governance (1) Company and businesses that adopt...
5 Pages(1250 words)Essay

Business Ethic

...data to assist in the coming up with the required solutions. With these in mind, I do not think that the argument is at all convincing given the fact that even if there is a need to be morally responsible, without the ways that will ensure every one has played his or her part, there is no way to decide how goals socially are going to be achieved. It is therefore important to look at the general community first before we look at the way we are going to exonerate the irresponsible ones. The economic approach of dealing with externalities is to subsidize those positive externalities while prohibiting the negative ones. However, following Bowie, we can alternatively access the costs of these externalities and come up with the amount of...
3 Pages(750 words)Essay

Business Ethic

...recruitment and retention have become a serious issue in this plant. The Dilemma The company is known for its business ethics. It does not want its employees to undergo such inhumane treatment day in and day out nor does it want to hurt the honey bees and invite the wrath of the environmentalists. The fact that one cannot be compromised with the sake of the other has put the plant manager in a dilemma. Whatever solution is finally arrived at should address the interest of both employees as well as the organisation. Probable Solutions The plant manager has put forward a few solutions. These solutions are required to be checked under certain conditions for their feasibility. Option 1 The whole production...
3 Pages(750 words)Case Study

Business ethic

...Business Ethics Business Ethics An evaluation has to be carried out to ascertain the appropriateness, the viability, andpotentiality. To ensure that the required amount of garments there is a need to adopt new technologies. The need to use automated se ups of the industry. This would rather reduce the cost of production, through reduction of labor costs (Ferrel & Fraedrich, 2010 P.90). There is a need to plan adequately, create a good financial plan, which in turn would enable the business to expand, and even rapidly. Competition has also to be tamed. There is need also to acquire loans from the banking institution to enable the company to meet the...
1 Pages(250 words)Essay

Business ethic

...Business ethics Ethical behavior simply refers to acting in a consistent manner in which individual or business actions are in accordance to what the society expects from them. These acts involve respecting the people and environment and ensuring that whatever one does not infringe into their well-being, but adds value to their life. There are a myriad ways in which ethical behavior or social responsibility can be expressed. This mainly depends on the laws, social culture and responsibility. Ethics can be broadly categorized into four views: utilitarian view of ethics, individualism view of ethics, moral...
4 Pages(1000 words)Essay

Business ethic

...Phase 4 Individual Project The Legal and Ethical Environment of Business Introduction Corporate ethics refers to the behavior by which a business conforms to its day-to-day dealings with the world. In other terms, it delineates a set of professional ethics which examine moral and ethical problems prevalent in business environments (Trevino, Weaver & Brown 2007). Corporate ethics is applicable to all the aspects of business conduct. Moreover, it is applicable to the conduct of each and every individual in the organization, as well as the entire organization at large. However, more often...
8 Pages(2000 words)Coursework

American and Chinese Business Ethic Culture

...American and Chinese Business Ethic Culture Two ethical issues for ethics in business from a different continent or culture, the context, rationale and whom it benefits The Chinese and the American culture are two different cultures, both in social and the business contexts. In this respect, there are certain ethical business issues that arise from these two cultures, which are of a particular concern. First, while the American culture of legal universality seeks to establish a business environment where all the players are treated equally, it tends to entrench law into the...
4 Pages(1000 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 Business ethic for FREE!

Contact Us