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

Business Ethics is an Oxymoron - Essay Example

Comments (0) Cite this document
Summary
This essay discusses that иusiness ethics is a relatively new addition to the business studies family and has been the target of much satire and witticism from several quarters (Madhu 2010, p.83). This is the result of generations of the perception that businesspersons must be shrewd…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.6% of users find it useful
Business Ethics is an Oxymoron
Read TextPreview

Extract of sample "Business Ethics is an Oxymoron"

Download file to see previous pages Liss then tries to justify this by saying that, these lies are not simply lies but the rules of business hence making it appear as if a business cannot thrive in the absence of lies. Such and similar comments, which a substantial number ascribe to have given rise to a saying that business ethics is an oxymoron. Focus on this particular branch of business studies can be accredited to recent business scandals (Nyberg 2008, p.587). In order to understand that, business ethics is an oxymoron, it is imperative that one defines the meaning of the terms both from a semantic and pragmatic point of view. Semantically they are not opposites hence the oxymoron cannot be an overtone. However, when the contextual pragmatics is taken into consideration, one cannot fail to notice some reasonable degree of logic in the assumption. Business ethics are defined as a critical and structured examination of how people engaged in business should behave in relation to their customers, neighboring society, the environment labor and any other individuals or institutions likely to be influenced by their action or inactions. This point of view is, {"status":"TOOLBAR_READY", "toolbar":206720000} however, not a true representative of the fats on the ground since business and ethics do not always contradict each other.
Nonetheless, several aspects of the business of making the profit directly contradict what is considered moral, or ethical. This paper will discuss what aspects of business practice contradict business ethics using various examples to show the polarity that sometimes exists, but with the view of demonstrating that business and ethics do not have to be in contradiction. This is so since ethics are in existence not to make businesses profitable, but to make it fair for all stakeholders including consumers, the society, employees and competing for business.  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business Ethics is an Oxymoron Essay Example | Topics and Well Written Essays - 1750 words”, n.d.)
Business Ethics is an Oxymoron Essay Example | Topics and Well Written Essays - 1750 words. Retrieved from https://studentshare.org/management/1602453-course-name-mangement-and-organisational-ethics-topicbusiness-ethics-is-an-oxymoron-discuss-this-statement
(Business Ethics Is an Oxymoron Essay Example | Topics and Well Written Essays - 1750 Words)
Business Ethics Is an Oxymoron Essay Example | Topics and Well Written Essays - 1750 Words. https://studentshare.org/management/1602453-course-name-mangement-and-organisational-ethics-topicbusiness-ethics-is-an-oxymoron-discuss-this-statement.
“Business Ethics Is an Oxymoron Essay Example | Topics and Well Written Essays - 1750 Words”, n.d. https://studentshare.org/management/1602453-course-name-mangement-and-organisational-ethics-topicbusiness-ethics-is-an-oxymoron-discuss-this-statement.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Business Ethics is an Oxymoron

Business ethics

...Business ethics This study will analyze the concept of business ethics by giving a definition of the term and the various levels of business ethics. In addition, the study will focus on the importance of business ethics to any business. Moreover, the study will explore the relationship between business ethics and profitability of the business. Introduction Business ethics can be defined as the morality that results from a person’s own moral standards in the context of the environment in which the...
4 Pages(1000 words)Research Paper

Business Ethics

...? TEACHER 17 May Business Ethics Case Study This was an interesting case study where business and legalethics are to be considered. The issue in all four of these questions lies in the notion of whether an individual should receive preference over the masses, or should the interests of the masses be considered first. As with most ethical decisions, there is likely no one solid answer, but I have done my best below to provide some possible courses of action that the judge in this case could consider. Question 1 In this situation, Mr. Groetsch has done nothing wrong. As such, he is under no obligation to allow other people to handle his personal fight against Securities America. He is convinced that he has been financially damaged... as a...
5 Pages(1250 words)Case Study

Business Ethics

...?Business Ethics Table of Contents Introduction 3 Thesis ment 3 Explanation to the Case at Hand 4 Theoretical Explanation 5 Utilitarianism and the Principle of Utility 5 Deontology or Dignity of Persons Principle 5 Virtue and the Right Formation of Character 6 Theoretical Justification and Identified Consequences 6 Conclusion 8 Works Cited 9 Introduction With the increasing pace of development, organizations seek to evaluate a widespread structure of various operations. According to the present day context, it can be observed that the global organizations significantly implement various strategies with the intention to gain incessant developments in relation to its various functions with due consideration...
5 Pages(1250 words)Term Paper

Business Ethics

... need to establish a transparent and fair incentive and remuneration structure for top level executives. Organizations need to follow government rule in order to discourage stakeholders from doing illegal activities Leading companies should encourage healthy competition by allowing small firms to enter in business environment. Organizations should not create illegal trade barrier in order to establish monopoly in the market Organizations need to help the society to achieve sustainable development. They need to focus on creating value for unprivileged segment of the society (Hooker, 2003) Theoretical Perspective of Business Ethics In 1994, Collins had described business ethics has oxymoron which juxtaposes two managerial aspects... ?...
13 Pages(3250 words)Essay

Business Ethics

..., Sergeant Brash provided evidence on how he tried to contact the mortgage company, PHH Mortgage. One arm of the company kept sending him late payment notices while the other arm kept refusing his automatic payments. His attorney sued the mortgage company under Georgia and federal laws. Sergeant Brash had taken out the mortgage in November, 2007. The court has finally made a judgment on the case and awarded Brash $21 million dollars. 2. Did PHH Mortgage as a business have any good defense that could oppose the sergeant's suit?. It is the eighth largest mortgage company in the United States and in this case it was pursuing a military man. It could be suggested that PHH Mortgage was doing all it can to maximize profit in...
1 Pages(250 words)Article

Business Ethics

...? SEC Charges India Company in $18 Accounting Fraud The SEC charged Indian company Satyam Computer Services $10 to settle a fraud case against them. The company was listed on both the Indian stock exchange and the New York Stock Exchange. Their business was mainly outsourcing. Between 2005 to 2009 they created over 6,000 phony invoices to doubled their assets on the company's books, reflecting an overall increase in value of the company. The SEC also fined the company's accountants, Price Waterhouse, $6 million for allowing the fraud to go on without reporting it. In effect, the accountants were complicitors in the scheme. The was recently taken over by the Indian government who also placed criminal charges against its...
1 Pages(250 words)Article

Business Ethics

...? (Assignment) Business Ethics I According to Kant’s principles, it is the intention behind an action, not its consequences, that makes the action good. In other words, persons of good will do their duty because it is their duty to do so. Kant identified two kinds of duty (imperatives). The first one is hypothetical imperative which states “if you want to achieve Y, do A”. For example, to achieve good grades, one requires to study. The other group of duty is categorical in nature, and is based on the fundamental principles of ethics. In this case, there are no ifs and buts. However, a close look reveals the fact that applying Kant’s principles into the modern business world is a tough task due to many reasons. The first such issue... of the...
6 Pages(1500 words)Essay

Business Ethics in the Business World

...“positively to a variety of desirable work outcomes including employee job satisfaction, motivation, and performance, and related negatively to absenteeism and turnover” (Mathieu & Zajac, cited in Sahoo, Behera & Tripathy, 2010, p. 45). However, the concept of business ethics also has its share of criticism because not everyone believes in its credibility and practicability. For example, Collins (1994) in his study Is Business Ethics an Oxymoron? argues that business ethics is an oxymoron meaning two very different concepts are tried to be merged together here which is not possible in reality. By saying...
7 Pages(1750 words)Essay

Brazilian Grill

...an employee is promised financial motivation or maybe promotion (Adams 45). Thirdly, fear of losing one’s job may compel an employee to tell a lie. In most cases, bosses always force their junior employees to tell lies in order to cover for their mistakes. In this case, the junior employee has no choice other than to lie in order to save his or her job. Lastly, the broader cultural environment of an organization where people are used to telling lies may contribute to lies in the workplace (Adams 47). Employees become so used to lying that when the make false statements, they do not see it as a big deal. Do you agree or disagree with the statement “The term business ethics is an...
3 Pages(750 words)Term Paper

Business Ethics & Professinal Ethics

...Ethical It is important to have a professional ethical These s help dictate ethical practices for all matters of business. My professional ethical code will revolve around justice, since I wish to become a police officer or a FBI agent. In this paper, I will describe a professional code that will best serve a police officer or a FBI agent. The code I will present is based on a personal code. Even if some of my ethics coincide with present ethical codes, these codes are what I feel should be implemented in my field of profession. Core Value My core value would be justice for all. This is a broad core value, but...
5 Pages(1250 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 Ethics is an Oxymoron for FREE!

Contact Us