In my ethical model, I firstly agree with Freeman's Stakeholder theory. I agree that each group of stakeholders has the right not to be treated merely as a means to an end. The reason I think it's not ethical for corporation just to maximize the shareholder profits is because I think that Legal Standards and Utilitarian Standard are also needed to take into consideration. As a result, the behavior of a corporation must consider the Legal Standards and Utilitarian Standard while doing business. Then I would consider that it's ethical. Furthermore, Limited Paternalism theory, the Modified "K" theory and the Due Care View also work in my ethical model.
Firstly, I think it's ethical to treat stakeholders well by not using them merely as a means to an end. The reason I believe Freeman's Stakeholder theory is important is because the corporation cannot just think about its shareholders, but also the social responsibility of caring other stakeholders. However, in my ethical model there is an exception for having all of this point of view, which is balancing the interests of all stakeholders. So I"m going to cite Utilitarian Standard in my ethical model. I think it's ethical if the behavior of a corporation leads to the best possible balance of good consequences over bad consequences for all the parties affected. The reason I consider Utilitarian Standard is because it provides the greatest good for the greatest number of people, then corporation can not just think about maximize shareholder profits. I will give GMC, the shoes manufacture in Taiwan, as an example. Two years ago, GMC had a financial problem of running business. If it didn't close the company, it undoubtedly would lose lots of money. However, if it closed the company, thousands of employees would have no jobs. After having the consideration of social responsibility and thinking about providing the greatest good for the greatest number of people, the CEO of GMC eventually decided keeping running the company.
What is Business Ethics? ... The 10 Benefits of Business Ethics 4. ... Nestlé's view on Business Ethics 4.3. ... What is Business Ethics? ... Ethics programs help manage values ...
A key theme in virtue ethics is the recognition of moral complexity. ... Another key theme in virtue ethics is moral understanding. ... The last key theme in virtue ethics is moral education. ... Aristotle's Nicomachean Ethics is an example of virtue ethics because Aristotle states that we are not inquiring to know what virtue is, but in order to become good. ... This outlines the theme of moral complexity in virtue ethics. ...
Principles of Management Ethics When it comes to ethics we know it as a code of moral principles. ... Ethics sets the requirements for what's good or bad with decision making as well. ... " Great ethics can be summed up as good for business in the long term. ... Business ethics is necessary for the foundations of corporations. ... We have pinpointed the nature of the beast both business and in ethics and have displayed that ethics is not corresponding with law or religion but that the intention is that it must conduct itself within the laws of ethics. ...
Introduction In the Information Technology field as with many professional fields it is necessary to have a clear code of ethics that ensures the safety of the professional, the organization, and the client. This code of ethics should reflect the standards that are put forth by the profession and the expectations that the profession has for those who work in this field. When developing the code of ethics I reflected on what has been important to me in my career in terms of technology, ethics, and safety in the military and in my current career. ... Based on this reflection, the ten point code ...
Abstract This paper explores the concept and nature of ethics when researching bystander apathy, the social phenomena where individuals observe a crisis situation and yet do not offer assistance. ... Keywords: bystander apathy, deception, experiment, ethics code Considerations of Ethics in Research on Bystander Apathy Psychological research has long provided society with a way to ask questions in the hopes of understanding human behavior. ... Discussion In order to even consider the ethical implications of a given experiment, the APA's code of ethics must first be understood. ... The Et...
Question 1Do you subscribe to the notion of "situational ethics?" Explain why or why not.Joseph Fletcher, identified as the "Father of Situation Ethics", defines situational ethics as a system of ethics by which acts are judged within their contexts instead of by categorical principles (Situation Ethics, p. 30). His book Situation Ethics is used as a model for the Situation Ethics and all most researchers refer to Fletcher's model. I subscribe to the notion of "situational ethics" because I believe that decision-making should be based upon the circumstances of each situation. ... A re...
Ethics light up the function of ethics in the background of other kind of social relationships; it examine the nature and inner structure of ethics, studies its basis and historical growth, and offer theoretical explanation for one or another ethical system. ... It exists in the monarchy of ones ethics. ... A person's ethics can be both good and bad. ... Ethics assists us to continue on steady ground in an ever-changing world and that a person's ethics can be altered. ... Ethics is the honesty and principles of the human being. ...
Introduction Are business ethics merely a fashion? ... So where does business ethics fit into all this? Is ethics a management fashion? ... Business ethics can be a difficult concept to grasp. ... However similar to both Frederick and McNamara he maintains that for there to be a special ethics for business each aspect of life must have a special ethics. ...
Any professional, student, or person follows rules of ethics throughout their life. Different professional organizations have codes of ethics for their professionals to follow in the workplace. ... Entering the workforce is when it becomes most important to follow the rules of ethics. ... It is important to learn the rules of ethics before they enter the workforce. ... Ethics are important in life, and the rules can always be used no matter the situation....
Utilitarianism and Kant's philosophy of principle, duty-based ethics and virtue ethics represent three different interpretations and theories however virtue ethics offers more as a basis for living a good ethical life. ... Providing us with another alternative for ethical reasoning is Aristotle's formulation of 'virtue ethics'. ... There are many advantages of virtue ethics that make it stand out implies it has more to offer than that of utilitarianism and principle- based ethics. ... Utilitarianism, Kant's principle duty-based ethics and virtue ethics all provide dif...