Ethical Issues in The Business Setting Paper

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Description

Prepare an 11- to 15-page paper (not including the title and reference pages) that assesses a legal/ethical issue or situation relating to a current, previous, or potential future work environment. Use at least 10 scholarly sources that are suitable for research in a graduate-level course.

Your paper must include the following:

A description of a business situation that presents a legal and ethical issue. The business situation must be from prior, current, or anticipated future employment experiences or from a current event. The description of the business situation must not exceed two pages.

An analysis of the ethical concerns raised by the situation.

Apply at least two different ethical theories to the situation to support at least two different outcomes.

The paper must determine which ethical outlook as applied to this particular situation will result in the best legal outcome for the business.

An explanation of at least three of the relevant areas of law that have been addressed in this course (e.g., constitutional law, contracts, anti-trust law, securities regulations, employment law, environmental law, crimes, or torts) and an assessment of the each area of law as it applies to the business situation identified.

A recommendation to reduce liability exposure and improve the ethical climate or the overall ethics of the situation. Your recommendation must be supported by specific legal, ethical, and business principles.

Writing the Final Paper

The Final Paper:

Must be 11 to 15 double-spaced pages in length (not including the title and reference pages), and formatted according to APA style as outlined in the Ashford Writing Center.

Must include a title page with the following:

Title of paper

Student’s name

Course name and number

Instructor’s name

Date submitted

Must begin with an introductory paragraph that has a succinct thesis statement which identifies the focus of the paper.

Must address the topic of the paper with critical thought.

Must end with a conclusion that reaffirms your thesis.

Must use at least 10 scholarly sources.

Must document all sources in APA style, as outlined in the Ashford Writing Center.

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Explanation & Answer

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Business Ethics Outline
Introduction and Business Situation overview
The legal environment in business is a broad topic that has many things attached to it, and it has
both ethics and legal aspects that are tied to it permanently. Companies that operate today often
consider this aspect in their research and analysis and ensure that it has exhausted all the
requirements of the same to remain on the safe side of the law and the public. Ethics and
regulations in business are the safeguards for the business itself and also the public
Analysis of the ethical issue presented


Toxic workplace culture



Cooking books



Unrealistic and conflicting goals



Questionable use of technology and privacy issues

Business ethics measure to be used
Legal and ethical issues in business operations
Ethical theory


Contract theory

Areas of law


Employment law



Contract law

Conclusion


Running head: BUSINESS ETHICS

1

Business Ethics
Student
Course
Instructor
Date

BUSINESS ETHICS

2
Introduction and Business Situation Overview

The legal environment in business is a broad topic that has many things attached to it, and
it has both ethics and legal aspects that are tied to it permanently. Companies that operate today
often consider this aspect in their research and analysis and ensure that it has exhausted all the
requirements of the same to remain on the safe side of the law and the public. Ethics and
regulations in business are the safeguards for the business itself and also the public. Many
stakeholders are tied to the business; some who are internal and other external. Therefore, having
the right laws and ethics in a business keeps all parties that are involved happy and content. Laws
in business are good because they regulate the actions of business on its employees and also on
the public. They also keep the business in check and ensure that they remain ethical in their
dealings as well. In the US several laws have helped businesses stay in check and engage in legal
activities (Subramanian & Megginson, 2018). They have helped protect employees while
keeping the actions and decisions of businesses ethical.
In recent years, the workplace has experienced a dynamic change in operations, and there
have been times when ethics and legal issues have clashed. Most of the cases have involved
ethical theories like the contract theory and laws like employment and contract laws (Chell,
Spence, Perrini, & Harris, 2016). The issue that has caught headlines and the media today is the
issue about IT and fraud. The case in question is a scenario where a senior level manager in an IT
department using this position and skill and also position hack the systems of the organization
and in the process steal funds and enrich himself at the expense of the company. In the process of
that, the individual also steals important information about the business that is secret and
confidential which gives the business a competitive advantage over its rivals (Subramanian &
Megginson, 2018). With this information and stolen wealth, the individual decides to leave the

BUSINESS ETHICS

3

organization or becomes indiscipline and get laid off and after that goes to start another company
with the money and the information that was stolen from the former employer.
The case above involves several ethical issues and legal issues that have been violated
and given a former employee a lot of advantage and left the former employer at a disadvantage.
When companies entrust employees with secrets and information, they often sign a contract
which is a document that binds them legally and also ethically (Bordia et al., 2018). The
employees work knowing well that breach of such contract would have serious legal implications
and consequences and they often stay away from thoughts that would otherwise compromise
their part (Wallace & Sheldon, 2015). Nevertheless, this situation shows that employees in a
senior position with some privileged access have often taken advantage of their skills and
position and defrauded companies money and stolen critical information that they know could
paralyze the company and leave it disadvantaged. Using technology and their expertise in
stealing and breaching privacy costs companies more than mone...


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