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Organisational Behaviour and Human Resource Management - Coursework Example

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The paper "Organisational Behaviour and Human Resource Management" examines whether business ethics is an oxymoron justifying the arguments through ethical theories that include virtue ethics, deontology, utilitarianism and Marxism., focusing on defining the ethical business practice…
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Organisational Behaviour and Human Resource Management
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Download file to see previous pages Ethical business practice prolongs the life of an organization and promotes consumer satisfaction among other stakeholders. This paper evaluates whether business ethics is an oxymoron justifying the arguments through ethical theories that include; virtue ethics, deontology, utilitarianism, and Marxism.
Businesses are compelled to remain flexible due to the inconsistency of the contemporary operating environments. Each competitor strives to acquire a greater market share than other players, which sometimes leads to negligence in regard to corporate ethics. Various situations require to be dealt with differently and sometimes managers are perplexed regarding what business ethics necessitates in certain circumstances. In some instances, acting morally may be costly or maybe hindered by obstacles. For these reasons, Velasquez (2002) observes that referring to ‘business ethics’ as an oxymoron precisely identifies ethics as a challenge.
On the other hand, as presented in the definition of ethics, if an organization is to remain ethical in its operations, it has to observe the laid out values and principles. In other words, no matter how pressing the situation is, ethical values have to be adhered to for business ethics to be accomplished. In essence, many organizations avoid being perfectionists in business ethics even though they insist on ethical standards when dealing with stakeholders. This makes them escape the unintentional negative consequences of fanatical business ethics (DesJardins, 2008).
Various ethical theories portray business ethics as an oxymoron. For example, virtue ethics is a theory that sheds light on the boundary between balanced decision making and unethical behavior in business (West, 2003). Sometimes financial managers are faced with the dilemma of determining the appropriate step to take when the business is faced with challenges, yet the set business values have to be adhered to.  ...Download file to see next pagesRead More
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