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Research Methods - Essay Example

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Summary
Business indicates interaction and cooperation with other individuals and in situations where a single decision affects more than one person the question of ethics automatically arises…
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Research Methods

Download file to see previous pages... Every organization requires resourcefulness and ingenuity as well as pragmatic decision-making for its sustenance.
There is always a balance between the benefit of the business and the benefit of the people being affected by the business, directly or indirectly. Therefore, it is not possible to set up any permanent basis by which decisions can be made—they have to be made with regard to the circumstances and according to whatever has maximum significance at that point of time in the list of priorities. However, the point is to make the required compromise without violating the ethical code of conduct in business. The very existence of an ethical code of conduct in all professions implies that it is present to create a situation in which no individual has to compromise on his basic needs or functions in life. I see myself grappling very frequently with ethical issues as a part of my involvement with clients. There might often be situations in which profit for my company does not directly translate into benefits for my client. In this case, it would be necessary to consider whether as an ethical person I would ensure that my client has reasonable knowledge of the situation. Hence, in dealing with other individuals, especially the consumer end of the business, I consider it necessary to view ethics as a major proponent in decision-making. ...Download file to see next pagesRead More
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