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However, it is worth to note that such move put my job on the line from two perspectives. Revealing the truth will upset the company through possible sales back clash and ruined image. Internal conscience and professional ethics also push for doing the right thing. Reconciling these two difficult situations constitutes the pressure in making the final decision concerning the defective products. The main question that is important in this case is what ought to be right. In this respect, the monetary gain of an action may not necessarily be right and as such must be shunned. In this respect, it would be important to enlist the Kant ethical theory which emphasizes the moral obligation to do what is right even if it might have small quantitative gain. In the short run, the company may enjoy but individual sales team would be breaching ethical codes expected of them in keeping the truth from the clients.
Making such special payments amount to illegal and unethical business practices. It is important to note that legal structure guiding business in United States shuns corruption. Besides, fair competition offers level ground so that firms can compete on quality judged by customer under no undue influence. Critical ethical assessment of the act puts personal conscience on perpetual slavery of guilt on what may happen next and the magnitude of the problem. It is there important to act on the right rather that from the utilitarian perspective which considers only gains. In that respect, I would oppose my company’s plan to pay the $ 5000 special fee. Some of the consideration includes the potential explosion of product defective nature that will ultimately bring the company down. On the other hand such an action would provoke investigation on the legal platform on which such a business is to be operated. Should the authorities find out the illegal arrangement, the
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1.b Monopoly In a Monopoly market, the number of seller is one, and they produce unique goods having no competitors in the market and in this type of market the entry for the other parties or sellers is totally restricted (Velasquez, G.M., “Business Ethics: Concepts and Cases”: 167).
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 to its organizational norms, structures as well as principles in the global context.
Discrimination is forbidden by the Equal Employment Opportunities Commission (EEOC), the Age Discrimination in Employment Act (ADEA), and the Americans with Disabilities Act (ADA). These employment laws have led to considerable litigation against companies for failing to comply with their language.
It is a corporation with many subsidiaries in different countries across the world. Arguably, this company serves more than 2.5 million organizations and 26 million residents in Canada and the United States. The company recycles the waste products and also uses it to generate energy (Waste Management 1).
If the issues are true and valid, then I would move to the next step of approaching the management and informing them about the issue at hand. From that point, we can try to negotiate a way that will be most viable in dealing with the situation. The relevant pressure includes the fact that the item of discussion is the main income earner for the company.
Therefore, before doing anything that might be beneficial to you, one must also consider if the act will benefit others also or infringes others’ rights. Therefore, according to the product defect information, as a new employee in this company,
the need to incorporate a more comprehensive ethics training program for organizations that are committed to adhering to ethical, moral and legal standards of operating their businesses. As disclosed, Bucaro (2012) enumerated three minimum requirements that an ethics training
This research will begin with the statement that contemporary management issues can be understood from the standpoint of business ethics and learning organization theory. Business ethics concept has been used by many academic scholars to distinguish between successful and unsuccessful organizations.
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