AMaheshwari_BUS560-BE_Module_2_07-07-2011

AMaheshwari_BUS560-BE_Module_2_07-07-2011 - Module 2 Module...

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Module 2 1 Module 2
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Module 2 2 Abstract The topic of Business Ethics covers a wide range of topics. The author through a few citations attempted to cover brief areas which drive the business ethics on situational basis. The variations are nothing but business demands and the corporate social responsibility and how much each one could be accommodated at one given time. In author’s view, Ethics is the analysis and utilizing the concepts such as right and wrong, good and evil, and responsibility. Author also described separation fallacy, integration thesis (I and II), relativism, ethnocentrism, principalism and Universal values
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Module 2 3 Module 2 Deliverables Assignments: Questions Question: 1.What in your view makes a company “good” or “bad”, from the perspective of your idea of ethics? Why and explain. Response: A business is not just about money making at all costs. There are considerations to be made outside traditional money making and ethical and moral considerations. In my view, Ethics is the analysis and utilizing the concepts such as right and wrong, good and evil, and responsibility. Ethics involves fair trade practices, financing and accounting, sales practices, tax payment, internal and external audit and other business practices. Unethical practices include creative accounting, earnings management, misleading financial analysis insider trading, securities fraud, bribery, kickbacks and facilitation payment. In my view it’s the ethical conduct that makes business good. Ethical companies are able to leverage to their advantage in the market place the trust and goodwill they’ve established with employees, customers, investors, suppliers, partners, and the public. Organization bound by ethics are able to recruit and retain the best talent, command a premium for their products and services and more favorable terms from suppliers, and gain favor with investors. No one will disagree with the statement "honesty is the best policy." The argument of whether certain people are just born to lie, cheat and steal is best left to psychologists, theologists and sociologists. Instead, we want to explore how leaders can negatively or positively influence a company’s culture. Our position is that overlooked and unchecked small ethic violations will over a number of years lead to increasingly larger ethics problems and ultimately mushroom into a catastrophic breach of law or regulation. It’s not enough to simply act ethically yourself; you must also
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Module 2 4 police the ethics of your organization as what you allow you teach and what you teach becomes your standard. A business should have a positive influence on its immediate surroundings and the people that live in the community by creating jobs and playing a significant role in the economic and social welfare of the community. Businesses with integrity and high ethical standards establish long lasting relationships with the customers they deal with. It is important that a degree of
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This note was uploaded on 12/08/2011 for the course MBA 520,510,59 taught by Professor Kate during the Spring '11 term at Asian Institute of Management.

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AMaheshwari_BUS560-BE_Module_2_07-07-2011 - Module 2 Module...

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