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The best policy is that he talks with the CEP of other firms in order to join him in the attempt to reduce corruption and bribery in the industry. Although many CEOs might not want to join this cause as it might mean reduction in their profits but a lot of other people who care about the ethical issues will join hands with him.
He can convince that other CEOs by stating that utilitarianism requires them to act in this way. By utilitarianism we mean that positive and negative consequences of an action should be consider and if some action is yield more positive consequence for the society than negative consequence, then that action should be taken immediately. And since reducing the corruption in the industry in the interest of the society and the company, this action should be taken. Whereas if they allow the corruption and bribery to prevail in the industry, then only the company will benefit and hence it is better to reduce the corruption in the society from utilitarianism framework. This will also yield the benefits other companies in the long run as without corruption and bribery existent in the industry, they will be able to win contracts on merit and corruption expenditure will be reduced which will be contributed in the profitability of the industry.
Similarly, we can assess whether this action by Fluor and other companies from the deontology framework is worth taking or not. Deontological ethic framework suggests that morality requires that certain actions are wrong even if the outcomes of these actions are good. For example, bribery and corruption may lead to high profits for the company, but since these actions are immoral, these actions are really wrong and no company should indulge in corruption and bribery.
Similarly, Mr. Fluor can also convince the other CEO by supporting his point of view with the goodwill associated with the ethical actions of a country. Since, the
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Common ethical problems in the workplace include harassment by supervisors or employees checking personal email accounts during working hours. Certain unethical business practices have serious legal implications. This paper will examine an ethical issue I encountered in the workplace.
Business ethical concerns have emerged as an increasingly significant threat to business organizations. In order to maintain business ethics and professional working environment, it is necessary to incorporate feasible principles and moral values to maintain an effective balance in between the expectations and the interests of the stakeholders.
Business people should maximize on the good outcomes in their operations and minimize the negative consequences that may arise out of them (Tittle, 2000). The heart pacemaker company was involved in a business venture primarily compelled by utilitarian actions that the business provided to its clients.
Generally, the first thing that strikes from the word ‘courage’ is bravery when in some danger; however, it is a lot more than this. It is the capability to pick the point that is between fearfulness and irresponsibility during any situation. In Aristotle for Everybody, Adler infers Aristotle's description of courage as a routine temperament to take “whatever pains may be involved in doing what we ought to do for the sake of a good life.
That is, how well the company is accepted, liked and respected by the existing and prospective employees. Google was ranked first for the best companies to work for in 2012. “Everything was up at Google last year -- revenue, profits, share price, paid search clicks, hiring -- and so, too, was employee love; the search giant climbed three slots in our ranking to reclaim the top spot.” (CNN Money, 2012) Recent reports show that this ranking is sustained by Google even in the year 2013.
The company’s head quarter is located in Houston, Texas and the company was formed in 2005. The company made a public offering a few months back offering its common stock. Morgan Stanley and Citigroup were the underwriters of the offering. The selling stockholders were KERN Partners, Goldman, First Reserve and few others (Cobalt International Energy, 2013) Due to nature of its business, the company has not been able to garner any revenue as it is in oil exploration business.
Third, Springer is a well-known name in the list of authentic publishers. The author uses very logical line of action in order to provide the facts and validate with appropriate secondary sources.
This article is from a popular magazine published by Cable News Network.
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