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Ethics 4

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Business
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Fundacao Getulio Vargas
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Running head: BUSINESS ETHICS 1
Business Theories of Ethics
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BUSINESS ETHICS 2
Business Theories of Ethics
Introduction
In the 21
st
century, every business is supposed to conduct itself in a manner that is
socially responsible, moral, and ethical. The age of digital information has created a situation
where any unethical behaviors and practices are quickly learned about by the public (Goel &
Ramanathanb, 2014). While a majority of the organizations strive to conduct honest business
with their stakeholders, some go ahead and knowingly engage in unethical practices with full
knowledge of the consequences that may be suffered if the practices are disclosed. The
organizations usually take the risk in pursuit of business goals. For instance, the Brazilian
construction company (Odebrecht) bribed to win tenders and business deals, while Volkswagen
installed a cheat device to create vehicles with high performance and low levels of emission,
which could enable the company to compete in the overseas markets. Regardless of the goal in
mind, a business should not engage in unethical behaviors, mainly because far-reaching
consequences are suffered when the issues are unearthed. The following sections examine the
two cases, applies the general ethical theories, and proposes ways through which the businesses
could have avoided the undesirable outcomes.
Discussion
First, utilitarianism can be applied to both cases. It is an ethics perspective that view the
most ethical action as the one that creates the greatest happiness to the greatest number of people
(Brooks, 2011). In other words, this is the action that will cause more happiness than pain. The
action taken by Odebrecht does not fulfill the requirements of this theory. The company engaged
in bribing to win business deals and tenders across continents, including Africa and South

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Running head: BUSINESS ETHICS 1 Business Theories of Ethics Name: Institution: BUSINESS ETHICS 2 Business Theories of Ethics Introduction In the 21st century, every business is supposed to conduct itself in a manner that is socially responsible, moral, and ethical. The age of digital information has created a situation where any unethical behaviors and practices are quickly learned about by the public (Goel & Ramanathanb, 2014). While a majority of the organizations strive to conduct honest business with their stakeholders, some go ahead and knowingly engage in unethical practices with full knowledge of the consequences that may be suffered if the practices are disclosed. The organizations usually take the risk in pursuit of business goals. For instance, the Brazilian construction company (Odebrecht) bribed to win tenders and business deals, while Volkswagen installed a cheat device to create vehicles with high performance and low levels of emission, which could enable the company to compete in the overseas markets. Regardless of the goal in mind, a business should not engage in unethical behaviors, mainly because far-reaching consequences are suffered when the issues are unearthed. The following sections examine the two cases, applies the general ethical theories, and proposes ways through which the businesses could have avoided the undesirable outcomes. Discussion First, utilitarianism can be applied to both cases. It is an ethics perspective that view the most ethica ...
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