Ethics Paper free essay sample

The role of ethics and social responsibility aids organizations in developing a strong strategic plan, while addressing the needs of stakeholders. Ethics and social responsibility require social awareness to address the needs of the environment and to increase the knowledge of employees, which will lead to a corporation focused on supplying the customer with what is needed, managers equipped with solid decision-making abilities, and employees who believe that he or she are an asset to the business. It is the executive manager’s responsibility to establish a clear vision for the corporation and place a specific focus on understanding stakeholder’s needs. In an effort to support these requirements agendas and regulations will be developed to maintain and enforce business ethics within the organization. It is vital for an organization to establish a firm code of ethics for employees and managers to agree and adhere to equality within the organization. Establishing a universal understanding of ethics and expanding the knowledge and of ethics will strengthen the corporation socially by enforcing respect towards everyone, respect for the organization and a corporation that is working together to form a universal business. We will write a custom essay sample on Ethics Paper or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Ethics are the morals, values, and beliefs of individuals it is the right and wrong behavior and believes of individuals. The importance of establishing and maintain an ethical business is to prevent various types of litigations against the company; protecting the business, stakeholders, managers, and employees. Smart corporations operate proactively rather than reactively, preventive measures such as human resource training modules, computer based training (CBT), employee handbooks, and semi-annual reviews, and company surveys will serve as a matrix to measure and identify the ethics and social responsibility of the organization. Deciding to open a new business can be a difficult task. Appropriate planning is essential to establishing a productive business. An individual must have capital, an idea, licensing, and the will to make establish and sustain a successful business. Business planning is a strategic part of formation; contractual agreements are another important factor of communication so that each member has the same understanding of the commitment that he or she has made. Each individual has to be dedicated and responsible to the outcome of the entity no matter how big or small the business; responsibility, and knowledge are the foundation to start a business. The fall of the housing market is an example of how business ethics can change the environment. Mortgage lenders were approving individuals and families for loans that he or she could not afford. The lender would make a commission off of the loan and most banks were aware that over half of the loans begin approved were bad loans. Ethically this is not right, the lenders were deceiving the borrowers leading them to believe that the home was affordable and within his or her price range. Another corporation that operated unethically was Ford Motor Company with the production of the Ford Pinto. To compete with international competition and achieve Lee’s goal of producing the Pinto within a small time frame led to designing and manufacturing flaws. This resulted in a fuel tank design that would put the Pinto in a combustible situation should rear end accidents penetrate the poorly designed fuel tank. Realizing the design malfunction and deciding how to fix the fuel tank brought about a difficult management decision. Analyst determined it was more affordable to keep the current flawed design and save $11 million knowing some of their customers would ultimately be killed by this decision (Trevino, L. K. , Nelson, K. A. 2007). Organizations must remember that when a product or service is rendered the company assumes risk and liability associated with the production and efficiency of the product. Corporations such as Ford who willing put stakeholders at risk are not ethical corporations, the reputation of the business is at stake which flows down to all stakeholders both internal and external. Lee Iacocca was concerned with the increasing profit of Ford in the small car department; however his choice came with a costly price. Innocent people were killed and harmed and the company faced a tremendous down fall. Organizations have a social responsibility to all stakeholders and an ethical reputation to uphold as a reliable, profitable company working to provide world class service. Ethics Paper free essay sample A description of the differences in how each theory addresses ethics and morality  · A personal experience to explain the relationship between virtue, values, and moral concepts as they relate to one of the three theories When discussing ethics and the similarities of the different lenses one should explain what the lenses are. A description of the differences in which each theory addresses ethics and morality. A personal experience can be used to explain virtue, values, and moral codes First of all, ethics may be defined as, the basic concepts and fundamental principles of human right conduct which includes the study of universal value. Ethics deal with the question of what is morally right or wrong. These orals deal not only with your business life but also our personal life. There are ethical lenses which include virtue theory, utilitarian and deontological theory. Virtue theory is dealing mainly with the character of a person. We will write a custom essay sample on Ethics Paper or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page This theory emphasizes one’s character not he obligations or duties that are expected of them. Virtues are qualities that virtually morally good and desirable in a person. Utilitarian usually answers the question â€Å"What one ought to do in a situation. † A utilitarian may answer this question with the statement that individual should do whatever is the greater good for everyone involved. Utilitarian often involves accessing the consequences of one’s actions and what will resolve in the best interest of all involved. Deontological theory relates to ethics as a duty rather than a moral responsibility. When describing the deontology theory one must wonder is there a difference when considering what is morally and is this not your duty to do such. Deontology theory relates to the duty instead of the outcome because no matter how much effort no one can control the future. When observing the different ethical theories one may believe that although their differences are unique there are similarities in them. One may state that a similarity between utilitarian and deontology is that they both require one to consider their duty something that should be done and considering the character of an individual is if it will be done. If an individual has morals and character he or she may consider it their duty to do what is morally correct. On the other hand although their similarities are close knit; they each have a distinct difference depending on the individual. For instance, recently the complex next door caught fire due to bad wiring. The company put all the tenants up for the weekend because they believed that this is what they ought to do. After the weekend the tenants were told that the situation had been turned over to their insurance company and it was out of their hands. The tenants believe that the company should hold their self-responsible and accommodate them much more. The utilitarian theory would say that the company is responsible and that they ought to do the right thing. But what is the right thing. The deontology theory may say that it is the company’s duty to accommodate the tenants in any way possible because the fire was their fault. While the virtue theory considers the character of the company, it may be that the company has no compassion and goes strictly by the book. The virtue theory deals with character of the individuals involved in the company. In conclusion the virtues and morals of businesses depend on the different ethical theories. Although they have their similarities there are differences in the theories that affect the outcome of what business considers being morally correct. Whereas a company may be virtuous and believe that it is morally and financially responsible to the tenants, another may feel that they ought to let the insurance company make the decision of what to do. The other may consider feel it is their duty to help the tenants in any way possible, after all their employee caused the fire.