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

Ethical Business Desicion - Assignment Example

Comments (0) Cite this document
In the paper “ethical business decision” the author provides a scenario that happened in a company that has an ethical business decision, but at the same time, it is legal. Ethical decision-making is becoming an issue of growing concern for companies…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.3% of users find it useful
Ethical Business Desicion
Read TextPreview

Extract of sample "Ethical Business Desicion"

In other instances, it might be a more complex issue that requires a lot of struggle and hard work before coming to a conclusion and making the right choice. Deciding what is "right" is most of the time not all that easy.

Ethical decision-making may be elaborated further by the use of a real-world example of a 45-year-old lady named Sheila (Susca, 2006). Sheila is a dedicated and hardworking head of the human resource department of a large company. And just like any other leader, she too was faced with an ethical dilemma in the working environment.

A few years back, her company considered hiring a former member of staff. This particular employee had in the past schemed against Sheila and had given her severe pain and suffering. She chose to remain quiet back then and had moved on as he left the company. According to his resume, he was fit for the position and had a number of good qualities and skills needed for expanding the business and the company. Now it was up to Sheila to decide what decision is in the best interest of everyone in the company and herself.
Utilitarianism is the act of maximizing utility or happiness of all the concerned people. Act utilitarianism considers the maximum happiness to a maximum number of people. Rule utilitarianism, however, states that according to the rules, an action that brings about the greatest utility should be taken. The rule utilitarian abides by the truth. (Prevos, 2004)
According to act utilitarian, that act...
(Prevos, 2004)

3. A persuasive argument based on the theories and facts in the scenario.
Sheila may ask herself a question: "Is this a good person to hire"
According to the rule utilitarian, the honest answer according to Sheila would be "No".
According to act utilitarian, that action must be taken which brings about maximum utility to maximum people. In this case, a "yes" to that question would be a good choice for Sheila as this is in the best interest of the company.
Sheila is challenged by this situation. Based on the theories just mentioned, hiring back the former employee would be a good choice according to the act utilitarian theory. This would bring about fruitful results in the future. Sheila must consider the potential benefits that may occur, as she has been trusted with the responsibility of hiring good prospects. Considering otherwise, employees of her company might lose faith in her, which ultimately would result in a breakdown of her confidence.
All consequences, therefore, must be evaluated carefully before making an ethical business decision. Read More
Cite this document
  • APA
  • MLA
(Ethical Business Desicion Assignment Example | Topics and Well Written Essays - 500 words, n.d.)
Ethical Business Desicion Assignment Example | Topics and Well Written Essays - 500 words. Retrieved from
(Ethical Business Desicion Assignment Example | Topics and Well Written Essays - 500 Words)
Ethical Business Desicion Assignment Example | Topics and Well Written Essays - 500 Words.
“Ethical Business Desicion Assignment Example | Topics and Well Written Essays - 500 Words”.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Ethical Business Desicion

Ethical Practices in Business

...? (Assignment) Business Ethics Business ethics is that part of corporate governance that deals with the moral values of managers encouraging them to be transparent in business dealings. Business ethics takes into consideration the interests of all stakeholders. In fact, good business ethics is the foundation of all good businesses. In the present day world where consumerism has become widespread, the importance of business ethics is even higher. The benefits of applying ethical principles in business are...
7 Pages(1750 words)Research Paper

Applied English and Communications

4 Pages(1000 words)Essay

Business Ethical Values

...? Business Ethical Values of Introduction As defined by Glass (1981), ethics describes a set of moral values that defines a person. Rhode (2006), on the other hand, considers ethics as crucial values of an individual that are not overridden by human ego, rationalization, or an individual’s weaknesses. In any social set up, relationship between ethical values of individual members of the group contribute to social cohesion of the group. In business ethics, for instance, Fisher & Lovell (2009) and MSG (2012) observe that effective business leaders incorporate both individual values and...
4 Pages(1000 words)Essay

Ethical Business Behavior

...? Ethical Business Behavior Table of Contents Introduction 3 Ethical Business Behavior of Organizations - Anglo American and Primark 4 Conclusion 7 References 8 Introduction In business practices, ethical concerns play a significant role, and much research has also been undertaken in this field. The ethical concerns become important in situations of asymmetric interaction across organizations. This study explicitly addresses the different areas of how to monitor, manage and evaluate the ethical issues in the organizations. The ethical culture and values of every organization depend on its...
5 Pages(1250 words)Essay

Ethical situation in business

...? Ethical issues in business- The company’s attitude towards social responsibility From the given information it is found that the company possesses a strong sense of social responsibility. The company terminated a few stores in crime prone areas of the city due to the declining revenue generation. The company is well acquainted with the operation of its business and also is concerned with the ethical responsibility with respect to the protection of the communities in which they operated. A basic element related to the social contract and society is directed towards the protection of harm and insecurity. The laws of the government should be such that it will provide...
3 Pages(750 words)Essay

A New House Desicion

...? A New House Decision A New House Decision Concepts Various economic principles need to be considered while an individual makes a decision of purchasing a new house for himself. These principles include the principle of opportunity cost where consumers have several options available while deciding upon which house to buy (Hall, 2013, p.44). Scarcity of resources have increased the issues that individuals experience while purchasing a home, if resources would not have been scarce, individuals would not have experienced the decision making issue. When an individual is involved in making a major decision, he/she has to forgo another good or service to enjoy the benefits of certain goods and services. For example: in the case... A New House...
6 Pages(1500 words)Essay

Desicion making

...? Decision making Lecturer: . Critically discuss the initial history taking and assessment of Mr. Markantonakis. Consider the types of questions asked and the actions taken. Support your discussion with evidence from literature regarding professional behavior, history taking and assessment. Mr. Stefano Markantonikas was reported to have succumbed to death on 6th March 2004 because of uncontrollable hemorrhage (Coroners Act, 2003). According to the Coroner’s court inquiries, Mr. Stefano Markantonikas was initially diagnosed with a rapture of aortic aneurysm at Flinders Medical Centre. Through a cross examination of her daughter Chrisoula, she was asked whether she was aware that her father had an accident on 7th July 2002,Chrisoula...
4 Pages(1000 words)Essay

Ethical standards in business

...Business Ethics by of the Name of the Concerned Professor 4 November 2008 How can we make business more ethical whilst some claim 'there are no moral phenomenon at all, only a moral interpretation of phenomenon' (Nietzsche) When it comes to business ethics, the scenario gets really amorphous and vague. A few years ago, the sociologist Raymond Baumhart conducted a survey in which he asked business people hailing from a number of reputed organizations and corporations about what ethics meant to them. The replies solicited turned out to...
12 Pages(3000 words)Essay

Bell Chemicals Desicion

...Table of contents Executive summary. p.2 Main Body p.3 Recommendation.. p. 7 Bells Chemicals Decision work Executive Summary As a business analyst, through this report, I intend to help Bell Chemicals in solving the problem it is facing currently. The problem is due to lack of consistency in arriving at a common decision in regard to the machine purchase of the company. Bell Chemicals is a ten-year-old company and the machines of its Preserve unit have not been replaced since then. So the breakdown of one of the machines is normal. Since there is more than one choice in the market, there is dilemma regarding which one to purchase. The problem lies in the decision making process. Since the company is not making an...
6 Pages(1500 words)Coursework

Research theory and skills for sport management

4 Pages(1000 words)Research Proposal
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 Assignment on topic Ethical Business Desicion for FREE!

Contact Us