Running head: ETHICAL AND MORAL ISSUES IN BUSINESS

1

Ethical and Moral Issues in Business
Edward Charfauros
Organization...
2

Moral Decision-Making Patterns Over Time: A Multidimensional Approach (2011). The
importance of ethical issues and resp...
3

human being) while respecting people and everyday life situations when alone, with family, with
friends, and within the...
4

References
Kujala, J., Lämsä, A., & Penttilä, K. (2011). Managers' Moral Decision-Making Patterns Over
Time: A Multidim...
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Edward; w1; eth mor issbus; 06.14.11. Copyright 2013 Edward F. T. Charfauros. Reference, www.YourBlogorResume.net.

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Copyright 2013 Edward F. T. Charfauros. Reference, www.YourBlogorResume.net.

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Transcript of "Edward; w1; eth mor issbus; 06.14.11. Copyright 2013 Edward F. T. Charfauros. Reference, www.YourBlogorResume.net."

  1. 1. Running head: ETHICAL AND MORAL ISSUES IN BUSINESS 1 Ethical and Moral Issues in Business Edward Charfauros Organizational Ethics and Social Responsibility MGT/216 Joy Schoenecker June 14, 2011 Johanna Kujala, Anna-Maija Lamsa and Katriina Penttila agree in the article, Managers’
  2. 2. 2 Moral Decision-Making Patterns Over Time: A Multidimensional Approach (2011). The importance of ethical issues and responsibility has grown worldwide, and expectations regarding sound business practices have increased throughout society (Intoduction, p. 1). A person’s character is defined by their morals, and society is defined by ethics. Social systems point to standards or codes of behavior where individuals belong. These standards or codes of behavior derive from national ethics to social ethics to company ethics to professional ethics to family ethics. So while ethics could remain unchanged and are practiced dependent on others, morals could be constantly changing through personal preferences. It may be helpful to consider a justice system though a defense lawyer's personal perspective through his or her moral standard finding murder to be immoral in nature, and the act reprehensible. The defense lawyer defending the accuse client in court knows the accuse client is guilty, but ethics demand vigorous defense for the accuse client. Though, at the expense of setting him free to possibly murder again. The justice system’s legal ethics override the defense lawyer’s personal morals for the greater good of upholding fair treatment of all within a nation, which the accused are given a fair trial whereas the prosecution require the innocent to be proven guilty beyond a reasonable doubt in a court of law. Ethics, according to Socrates is the practice of becoming excellent at being human as conducted with respect to something or everything. It is thought of at first glance personal is one’s own privacy, singular in nature with one’s own agenda, and pertaining to a life outside of work. Professional is more public, business related, involving others outside of one’s own agenda, and pertaining to life at work. Two separate categories within one’s own lifestyle with aspects of the same realm: functioning in the world and being human. Thus, personal ethics is simply a practice for human excellence (becoming an excellent
  3. 3. 3 human being) while respecting people and everyday life situations when alone, with family, with friends, and within the community. Professional ethics just like personal ethics still remains in practicing becoming an excellent human being with respect to people and situations, but in work life interacting with co-workers, customers/clients, suppliers, higher management/executives within the company employed. The underlying basic remains the same between ethical commitments and values. It is how they are enacted that differs. For example, a virtue vital in both personal and professional settings is honesty. However, the amount and type of information I divulge with my wife is much more different through filtration than the amount and type of information I disclose at work with management and co-workers, which only relates to my employer. My customers, clients, and my competitors all receive different type and amount of information with limitation. Another example of honesty is a different type called accurate financial disclosure. Within my household financial disclosure would mean budgeting software is used regularly and is up to date, but financial disclosure at work means complying with government law and accounting principles. At home, personally I can use any accounting system I choose, so long as bills are continuously being paid. However, at work I cannot choose any accounting system, as the company predetermines the system use with guidelines to be followed and laws to adhere to in order for honesty to remain.
  4. 4. 4 References Kujala, J., Lämsä, A., & Penttilä, K. (2011). Managers' Moral Decision-Making Patterns Over Time: A Multidimensional Approach. Journal of Business Ethics, 100(2), 191-207. doi:10.1007/s10551-010-0467-4

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