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Normative Ethics: Ethical Dilemma 11(Always good to have friend in politics) - Essay Example

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Normative Ethics: Ethical Dilemma 11 (Always good to have friends in politics?) The necessity of instituting a normative ethical principle in guiding the acts of a business enterprise is imperative because if its acts will not be prescribed by any ethical principle, business will tend to become unscrupulous in its dealings in pursuit of realizing its economic objective…
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Normative Ethics: Ethical Dilemma 11(Always good to have friend in politics)
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"Normative Ethics: Ethical Dilemma 11(Always good to have friend in politics)"

Download file to see previous pages The case in Chapter 11 entitled Ethical Dilemma: Always good to have friends in politics? of the book of Crane and Matten (2006) presents to us a classic instance of how an unscrupulous business person deals with an equally corrupt government official. Although the case only highlights Costa’s predicament on how to deal with the mayor’s (Dionisis who also happens to be his childhood friend) insinuation of building a swimming pool in his backyard, the contractor himself is guilty of one of business unethical practice of paying bribes. Reading between the lines of the case however, the contractor’s dilemma was not really about the corrupt tendency of the mayor but his anxiety on the prospect of losing the project because the recent project presented to him has now a competitor who is agressive enough to offer Dionisis, Costa’s childhood friend and the mayor, a pool that will be built in his backyard if he gets the project. He is now disturbed not because he is about to get into an irregular business arrangement but rather felt the brunt of the cost of building the pool in Dionisis backyard. He is bothered not about ethical propriety of the mayor’s insinuation but on how he could conceal the cost of the construction of the pool in the accounting record considering that the amount is significant hence, will be obvious. Indeed Crane and Matten was right when they mentioned in their book “Business Ethics: Business ethics: managing corporate citizenship and sustainability in the age of globalization” that business ethics can be an oxymoron because the words are contradiction in terms because business, when left on its own, can be permissive to unacceptable practice such as deception and lying in its pursuit for profit (2006). The increasing awareness of the various stakeholders in society about responsible corporate citizenship however compels business to integrate ethics into its practice to earn public trust that is necessary to increase and maintain its revenue (Palazzo and Andreas 2008). The slew of corporate scandals that slid this country into recession has made the public more sensitive against business malpractice that the slightest news of corporate impropriety will have a tremendous negative impact on the company’s bottomline which will register in the value of its stocks and sales (Timonen and Luoma-aho 2010). Thus, the necessity of practicing business ethics is not only about being nice to the customers but also in consideration of the negative impact that the absence of ethics can do to a business. The application of normative ethics in evaluating a certain business dilemma is ideal because the guidelines present in normative ethical principles can serve as a beacon or a guide among business people in managing and operating their business. The application of such normative ethics in justifying and judging a certain ethical dilemma shall be ...Download file to see next pagesRead More
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