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

Business ethics - Dissertation Example

Comments (0) Cite this document
Summary
The relationship between business ethics and the law has in the recent past become a controversial issue necessitating the need for further research in this area.This is since empirical evidence illustrate that when businesses aim at garnering a competitive edge,they are predisposed to performing practices that are contrary to the business ethics…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.5% of users find it useful
Business ethics
Read TextPreview

Extract of sample "Business ethics"

Download file to see previous pages The relationship between business ethics and the law has in the recent past become a controversial issue necessitating the need for further research in this area.This is since empirical evidence illustrate that when businesses aim at garnering a competitive edge,they are predisposed to performing practices that are contrary to the business ethics. Is it therefore viable to believe that businesses that have been able to maintain a competitive edge act unethically? Consequently, can businesses that have upheld their ethics be referred to as being anti-competitive? It is in the wake of these research questions that this essay will illustrate the influence that business ethics has on the performance of an organization and the relationship between business ethics and law1. Research Questions: 1. Is there any relationship between business ethics and the law? 2. Does competition influence the business ethics of an organization and how is this related to law? 3. Is social responsibility related to the business ethics of an organization and the law? 4. What is the way forward to enhancing the synergy between business ethics and law? Prior to answering the research questions delineated above, it is important to understand what ethic means and why business ethics is important in law. Ethics is a moral principle that determines the conduct of behavior of various professionals as pertains to how they conduct their business and in the decisions they make. As pertains to the utilitarian theory of justice, professionals need to make decisions that are aimed at meeting the greater good of the society and not out of their inner selfish motive. This therefore means that there is need for businesses to uphold their ethics as pertains to how they conduct business. Business being aimed at prevailing above the competitors and making profit, there is need for business men to adhere to ethical principles but still remain competitive. How then is business ethic related to law?2 The law is a combination of rules and regulations that govern a group of people and violation of the law leads to criminal offence. The law is made from sanctions and principles that have been developed by people and more often than not, the law depicts the public opinion of people as pertains to various issues. With reference to business ethics, the law is sought when a business acts in an unethical manner that harms another organization or harms the general public of the organization. The law acts as leverage in disputes resulting from claims that one business did not act ethically and violated the moral principle required in business. Having understood what business ethics entails and the relationship it has with the law, it is important to evaluate how business ethics can be violated as businesses conduct their business and the implications of these violations with reference to the law.3 Models of public policy have been developed in an attempt to illustrate business ethics and what it encompasses: moral manager and the moral market. With reference to the moral manager model, it is upon the managers to engage in morally upright decisions as pertains to the decisions they make and the influence of these decisions to the performance of the organization. This therefore means that the goal of business ethics entails training managers so as to develop morally upright behaviors that re translated to decisions made and the influence they have on the performance of the organization. An organization therefore needs to institutionalize a design that monitors the performance of individuals involved in the business. Moreover, markets also serve as a concern as pertains to business ethics and the law. The forces prevalent in the market influence the performance ethics of individuals in an attempt to counter these forces or to adapt the organization to these forces.4 As businesses attempt to advance in comparison to their competitors, more often than n ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business ethics Dissertation Example | Topics and Well Written Essays - 1750 words”, n.d.)
Retrieved from https://studentshare.org/law/1395814-business-ethics
(Business Ethics Dissertation Example | Topics and Well Written Essays - 1750 Words)
https://studentshare.org/law/1395814-business-ethics.
“Business Ethics Dissertation Example | Topics and Well Written Essays - 1750 Words”, n.d. https://studentshare.org/law/1395814-business-ethics.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Business ethics

Global Challenges for Business Management and Leadership

This section aims at understanding the challenges faced by the United Nations due to political conflicts. In the summer of 2007, an issue in the Politically Speaking, the DPA had highlighted the increased focus on the conflict meditation. This report had also highlighted the interview with the Under-Secretary-General for political affairs. In the interview, he defended the UN against all the criticism and he also highlighted the need for finding political solutions for issues around the world. The interview also highlighted the importance of results to show the effective working of the UN. This interview also highlighted and urged critics to look at the positive along with the negatives of the UN. “The UN has knowledgeable a...
7 Pages(1750 words)Research Proposal

Internal and External Environmental Analysis for the Bakery Business

Liberalization of foreign investment and technology policy of the government is supportive of establishing industrial units in the country.

Threat: The UK food regulatory authority is planning to enforce the EC Regulations relating to food labeling. The labeling requirements under the new regulations will affect the food industry as the suppliers will be legally obliged to disclose the GM content of foods to the caterers. Thus business firms in the bakery industry also will be effected through the exclusion of flexible manner of labeling arrangements in the case of flour confectionery involving GM Soya or maize. (Genetically modified and novel foods (labeling) (England) regulations, 2000).

Trend: The new subs...
6 Pages(1500 words)Case Study

Evandale's Business Plan

Evandale’s mission would have a strong impact on the company’s later brand development.
When a company determines its mission and its vision, it needed to determine its objectives to accomplish that vision. I did not see the objectives—where the company was heading through in the presentation. A clear objective would have enabled me, as an audience to also picture where the company would want to go and would serve as the benchmark for me to assess the later strategic choices the company would state in the presentation.
According to the slides, the potential demand for caviar and the sturgeon products are “100x” bigger than the current supply. I would have wanted to see a reliable source for...
7 Pages(1750 words)Case Study

The Management, Leadership and Teamwork Competencies Required by a Small Business Owner

On the other hand organizational leadership is defined as the ability based on the specific skill of an individual to lead his/her subordinates in a manner that pre-planned organizational goals could be achieved within the defined time-frame.

According to Burns (1978) and Bass (1985), transformational leadership has a set of category constructs such as values, morals, farsightedness, long term goals, principles, acute awareness about the dividing line between causes and symptoms, mission statements, strategic perspectives, and human resources. Similarly, they identify a set of category constructs in the transactional leadership also. For instance concentration on the task at hand, short term goals and tactics, confusion co...
6 Pages(1500 words)Coursework

Management: Social Responsibility and Ethics

When we speak about business management, most people talk about the core business functions like strategies, products, training & development, management of various departments of the business like marketing, production, planning, etc. Social responsibilities and business ethics are the least communicated topics in the business community because of the least preference given to the non-productive sectors by organizations. Most of the greedy organizations spent millions on the research and development for improving their competitive power in the business world, but they often keep a blind eye towards their responsibility towards ensuring proper ethical standards in their business activities. Organizations that underestimate the...
6 Pages(1500 words)Coursework

Business Etquette for Business Communications Course

Who wants to give a guess? How about you (pointing at someone in the audience), yes, what is your name? Adam? What do you think, Adam – Money, Machines, Management, and Manpower? Why do you think so? And how about you, ma’am (someone else in the audience) – do you agree with him?

I think we are all in agreement: you could have Money, Machines and Management, but without Manpower, you cannot have a business. And unless you have good Manpower working well together, you cannot have a successful business.

Do people work well together naturally? Those of you who are familiar with office politics will say, “Of course not!” You are right: left to themselves, few people work well toget...
7 Pages(1750 words)Speech or Presentation

Which of the Business Objectives Might Best Be Applied to the Southampton Solent University

In other words, there is no explicit reference to the achievement of long term objectives and the people being involved in the business with the express intention of making profits.

In this context, the Southampton Solent University’s existence as a business organization in the strategic business sense would be defined as a clear attempt at continuously engaging in the present and future activities with a view to achieving its long term objectives of which the satisfaction of stakeholders, particularly shareholders, is of paramount importance. Its mission statement is “The pursuit of inclusive and flexible forms of Higher Education which meet the needs of employers and prepare students to succeed in a fast-...
8 Pages(2000 words)Coursework

Business Communication for Degree Access: Olympic Volunteering Consultancy

The London Organising Committee for 2012 is headed by Lord Coe but we would need to contact the Minister for the Olympics who is Tessa Jowell to place the Bid. The Olympic Games are said to need 70,000 employees with large land development in London.

To beat out the competitors with an excellent business strategy (Wikipedia) an excellent marketing strategy must be used! 26,400 pounds, of the 1 million pounds on Flyers and radio ads this company can inform the residents of Greenwich of the career training opportunity. Using Radio ads that are up to date we can gain a young volunteer base. Flyers handed out to community centers and welfare offices this company will gain other targeted volunteers.

The Census Bur...
6 Pages(1500 words)Assignment

Is the Business World Flat or Spiky

On the other hand, these globalization standards are opposed by some critics and argue that globalization does not have to be a requirement for putting up a business in other countries, thus it is just a choice for entering a foreign market. Accordingly, standardization is applicable specifically to high-end markets and with accord to the market segmentation such as the trends that the young people patronize (Mullman, 2006) Regardless of the idea that globalization is mostly based on how the company standardizes the products, the home country still holds the profitability of the business as the economy affects how the foreign investors and other national sources back up the business (Stiglitz, 2006).
Making the world flat mak...
9 Pages(2250 words)Assignment

Ethics in the Manufacturing Environment

An ethical scenario arose during my first six months in this management role involving a 21-year-old employee who I witnessed smoking pot in the parking lot over lunch break. This scenario demanded that I consider the needs of the employee, as well as satisfying my obligations for enforcing the strict drug use policy administered at the senior levels of the company. This project describes the ethical scenario in detail, offering personal reflections on the incident as well as suggesting an ethical framework for handling situations like this in the future.
The situation which occurred had a young worker smoking pot on his lunch break on the company grounds. This, according to policy, is a termination offense and it is expected...
7 Pages(1750 words)Case Study
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 Dissertation on topic Business ethics for FREE!

Contact Us