BUSN 370 WK3 Regent Ethics in Business Peer Response

User Generated

xelb2019

Business Finance

Regent University

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I will need 2 responses to the following 2 discussion board posts. (see attached)

Original prompt from the discussion board - Utilizing the concepts from the chapters from this week, post a message identifying and discussing a liability issue or ethical issue you have witnessed or may arise in business. What concerns may arise for the business? What are the legal ramifications of the issue? What if an employee acts in a manner that may raise liability or ethical concerns? How would you handle the issue or try to deter the issue from happening?

  1. Liuzzo, A. L., & Hughes, R. C. (2019). Essentials of Business Law (10th ed.). New York, NY: McGraw Hill Education:
    1. Chapter 2, Ethics and the Law;
    2. Chapter 3, Criminal Law;
    3. Chapter 4, Tort Law;
    4. Chapter 34, Products Liability;
    5. Chapter 35, Professionals' Liability;
    6. Chapter 37, Business and the Environment; and
  2. Romans 7:7-25 (Law and Sin).

For the 2 responses - In addition, learners post a minimum of two responses to peer initial responses. The peer response should include additional research that expands upon one of key points noted in your peers initial response. The peer reply should be composed in a professional manner with a word count range of 150-350 words each.

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Post #1: Clarissa Hodge For most of my professional career, I have worked as support in sales-oriented fields. I found these individuals to be ethical, fun, and giving individuals. However, this profession can also bring out the worst. “From an ethical point of view, two characteristics could distinguish sales situations: the nature of the conflict of interest and the role behavior of salespersons” (Rouselet, et al, 2018, p 4). This is so true. Recently, one of our sales agents was fired due to fraud. The agent had created fake sales leads, mileage logs, and reports, complete with false contacts and information. As our HR Manager stated, “I don’t understand why someone would go to such lengths to deceive. It would be a lot less work to just do the job”. I was reminded of the Scripture “be sure your sin will find you out” (Numbers 32:23, King James Version). “Some firms or industries establish a code of ethics, sometimes called a credo or a values statement, that sets down the principles of ethical behavior expected of personnel in various situation” (Liuzzo and Hughes, 2019, p 24). The ramifications of this situation have left the company revisiting policies and procedures and our code of ethics. However, this may not be enough. “Instead, ethical responsibilities should be included in job descriptions, and ethics ought to be an important theme in training and mentoring” (Hackman and Johnson, 2013, p 344). Although the situation was kept low -ey and handled in a professional manner with much documentation as to the complaints and allegations, there is still the possibility of a lawsuit (as she could claim she was wrongfully terminated) as well as the hassle of arbitrating worker’ compensation benefits, retirement, etc. Furthermore, the damage done to our credibility and trust will take time to rebuild. If I were the President, I would make a greater effort to mentor employees and work on my leadership and communication skills. Education, communication, wisdom and caring are essential skills to lead well by example. Works Referenced: Hackman, M., & Johnson, C. (2013). Leadership A Communication Perspective Sixth Edition. Long Grove, Il: Waveland Press, Inc. Liuzzo, Anthony L. and Hughes, Ruth C. (2019). Essentials of Business Law, Tenth Edition.New York, NY: McGraw-Hill Education. Rousselet, Evelyne, Brial, Bérangèrel, Cadario, Romain, & Béji-Bécheur, Amina. (2018). Moral intensity, issue characteristics, and ethical issue recognition in sales situations. Journal of Business Ethics, 1-17. doi:10.1007/s10551-018-4020-1 Post #2: David Tipton Ethical approaches to business can have a positive and negative effect on the business. It can be a way for companies to stay in some moral compass. Making ethical decisions can benefit not only the leadership, but everyone involved in the company, but in the same way the decision can be ethical, but might not be legal. A former company that I worked for had this problem arise, and a chance to make ethical or unethical decision. The problem that arose, was paying extra money for more business to come into that location. Its not something out of the ordinary for a business to spend money to make money, but it was not on the books. It did increase profit, and the choice to make this increased business tenfold. The ethical decision should have been, find another way to promote the business without doing something that can have serious legal ramification if caught. It put the business in jeopardy, and it showed poor leadership skills. Ethical reasoning should have been made in this situation, “Duty-based reasoning requires that ethical decisions should be based on the consequences of actions and has a corresponding implication that an unethical decision is one that violates the rights of others”(Liuzzo, Hughes, 2019, pg22). “Business ethics approaches thus have to take into account moral intuition to understand why managers, employees and even organizations can so easily deviate from morally accepted standards in their actions and decisions”(De Cremer, Vandekerskhove, 2017). If this company was brought forward by what is called a whistleblower, then the ramifications could have been jail time in a federal prison. Tax fraud would have been brought before the company for not reporting were the money was going. “Whistleblower is a person who reveals to a government authority, or to news media, confidential information concerning some wrongdoing or conduct that he or shoe regards as unethical and/or illegal”(Liuzzo, Hughes, 2019, pg25). The love of money can have even the best leadership fall in a moment, “The love of money has been studied in many business fields (J. Chen et al., 2014) and, in a recent study, in 31 countries across all continents except Antarctica (J. Chen, Teng, & Liao, 2016). Many researchers have focused on the influence of the love of money on (un)ethical behavior and consumption (Singhapakdi, Vitell, Lee, Nisius, & Yu, 2013; Tang, Luna-Arocas, Pardo, & Tang, 2014). We have to understand what our decisions do for an entire company, and make sure our decisions are not just ethical, but morally ethical. “Wealth gained hastily will dwindle, but whoever gathers little by little will increase it”(Proverbs 13:11 ESV). References De Cremer, D., & Vandekerckhove, W. (2017). Managing unethical behavior in organizations: The need for a behavioral business ethics approach. Journal of Management and Organization, 23(3), 437-455. doi:http://dx.doi.org.ezproxy.regent.edu:2048/10.1017/jmo.2016.4. Gültekin, B. (2018). INFLUENCE OF THE LOVE OF MONEY AND MORALITY ON INTENTION TO PURCHASE COUNTERFEIT APPAREL. Social Behavior and Personality, 46(9), 1421-1436. doi:http://dx.doi.org.ezproxy.regent.edu:2048/10.2224/sbp.7368 Liuzzo, A. L., & Hughes, R. C. (2019). Essentials of business law (10th ed.). New York, NY: McGraw-Hill Education. page 22 & 24
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Hello, I have finished and attached the answer.

Running head: ETHICS IN BUSINESS

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Ethics in Business
Student’s Name
Institution
Date

ETHICS IN BUSINESS

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Responses to Discussions

Response to Clarissa Hodge
Hello Clarissa Hodge, I find your post very informative with regard to ethical issues in
business. Indeed fraud is a profound example of unethical business conduct that can not only
ruin the personal image of the executor of the plan but also the large image of the business. The
world has countless cases of fraud that has affe...


Anonymous
Really helpful material, saved me a great deal of time.

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