Ethical Decision Making
After reading about Bill Daniels and the story about the insurance company in Chapter 5 of Gonzalez-Padron (2015), answer the following questions in essay form:
Which ethical tradition best describes Bill’s decision to pay the client from his own funds?
Did he approach the decision using a rules-based, virtue or relationship-based, or outcome-based approach, or a combination of approaches?
Bill credits sports coaches for progression to higher stages of moral development. What other factors could motivate someone to develop higher levels of moral reasoning?
Can you think of a person who demonstrates principle-based ethics? How do this person’s actions reflect a highly developed moral reasoning?
Incorporate key words and phrases from Chapter 5 of the text and at least two additional sources into your responses. Use your own words to define the key words and phrases you incorporate. Be sure to cite all sources in the body of your paper and on the references page.
The paper
· Must be three double-spaced pages in length (not including title and references pages) and formatted according to APA style as outlined in the FSB APA guidance located in the classroom.
Description:
Business Best: Bill Daniels’s Principle-Based Ethics
Bill Daniels was a business leader who followed his principles and values throughout his career. Most know of Bill Daniels as a pioneer in cable television, starting with his first cable business in Casper, Wyoming in 1953. Bill went on to own and operate hundreds of cable TV systems across the country. He founded Daniels & Associates, a nationally recognized provider of investment banking services to media and technology companies. His leadership helped bring numerous high-tech and communications companies to Colorado.
Bill attributed adoption of ethical principles to his experiences with sports coaches while attending high school at the New Mexico Military Institute. He strove to build a reputation of integrity. The following story demonstrates Bill’s principle-based moral reasoning in action.
In 1952, Bill opened a small insurance agency in Casper, Wyoming, and struggled to make it over the next three years. Then in 1955, one of the insurance companies he represented went broke, leaving the policyholders high and dry. Bill stepped in for his client, feeling that he had represented the terms and his integrity was at stake. As he explained:
“Two weeks after the bankruptcy, Burlington Railroad sued one of my clients—to whom I had sold a liability policy—for $12,500. A judgment was entered against my client for $11,000. I made a deal with Burlington Railroad to pay this judgment off at $500 per month, over a 22-month period. I did not have to do this, but I had a strong conviction that I owed this to my insured who had placed his faith in my handling of his insurance business. During this time, the $500 payment was more than I was making per month. I managed, however, through ...
Ethical Decision MakingAfter reading about Bill Daniels and the .docx
1. Ethical Decision Making
After reading about Bill Daniels and the story about the
insurance company in Chapter 5 of Gonzalez-Padron (2015),
answer the following questions in essay form:
pay the client from his own funds?
-based, virtue or
relationship-based, or outcome-based approach, or a
combination of approaches?
sports coaches for progression to higher stages
of moral development. What other factors could motivate
someone to develop higher levels of moral reasoning?
-
based ethics? How do this person’s actions reflect a highly
developed moral reasoning?
Incorporate key words and phrases from Chapter 5 of the text
and at least two additional sources into your responses. Use
your own words to define the key words and phrases you
incorporate. Be sure to cite all sources in the body of your paper
and on the references page.
The paper
· Must be three double-spaced pages in length (not including
title and references pages) and formatted according to APA
style as outlined in the FSB APA guidance located in the
classroom.
Business Best: Bill Daniels’s Principle-Based Ethics
Bill Daniels was a business leader who followed his principles
and values throughout his career. Most know of Bill Daniels as
a pioneer in cable television, starting with his first cable
business in Casper, Wyoming in 1953. Bill went on to own and
operate hundreds of cable TV systems across the country. He
founded Daniels & Associates, a nationally recognized provider
2. of investment banking services to media and technology
companies. His leadership helped bring numerous high-tech and
communications companies to Colorado.
Bill attributed adoption of ethical principles to his experiences
with sports coaches while attending high school at the New
Mexico Military Institute. He strove to build a reputation of
integrity. The following story demonstrates Bill’s principle-
based moral reasoning in action.
In 1952, Bill opened a small insurance agency in Casper,
Wyoming, and struggled to make it over the next three years.
Then in 1955, one of the insurance companies he represented
went broke, leaving the policyholders high and dry. Bill stepped
in for his client, feeling that he had represented the terms and
his integrity was at stake. As he explained:
“Two weeks after the bankruptcy, Burlington Railroad sued one
of my clients—to whom I had sold a liability policy—for
$12,500. A judgment was entered against my client for $11,000.
I made a deal with Burlington Railroad to pay this judgment off
at $500 per month, over a 22-month period. I did not have to do
this, but I had a strong conviction that I owed this to my insured
who had placed his faith in my handling of his insurance
business. During this time, the $500 payment was more than I
was making per month. I managed, however, through borrowing
and juggling of finances, to do this.” (The Life & Legacy of Bill
Daniels, 2012, p. 118)
Statement, and Conclusion
- The paper is logically organized with a well-
written introduction, thesis statement, and conclusion.
- The paper is logically organized with an
introduction, thesis statement, and conclusion. One of these
requires improvement.
- The paper is organized with an introduction, thesis
3. statement, and conclusion. The introduction, thesis statement,
and/or conclusion require improvement.
- The paper is loosely organized with an
introduction, thesis statement, and conclusion. The introduction,
thesis statement, and/or conclusion require much improvement.
-Performance - The introduction, thesis, and conclusion
are either nonexistent or lack the components described in the
assignment instructions.
se Text Utilizing
Two Scholarly Resources to Support Responses
- Comprehensively answers all the questions
from the text utilizing two scholarly resources to support
responses.
- Answers all the questions from the text utilizing
two scholarly resources to support responses however, the
responses are slightly underdeveloped.
- Provides partial answers the questions from the text
utilizing two scholarly resources to support responses, however
the responses are underdeveloped.
- Attempts to answer the questions from
the text utilizing at least one scholarly resources to support
responses, however the responses are significantly
underdeveloped.
-Performance - The answers to all the questions from
the text and the use of two scholarly resources to support
responses are either nonexistent or lack the components
described in the assignment instructions.
- Comprehensively incorporates the required
key words and phrases.
- Clearly incorporates the required key words and
phrases. Minor details are missing or slightly underdeveloped.
4. - Partially incorporates the required key words and
phrases. Relevant details are missing and/or underdeveloped.
- Attempts to incorporate the required
key words and phrases; however, significant details are missing
and greatly underdeveloped.
-Performance - The incorporation of the required key
words and phrases is either nonexistent or lacks the components
described in the assignment instructions.
- Displays meticulous comprehension and
organization of syntax and mechanics, such as spelling and
grammar. Written work contains no errors and is very easy to
understand.
- Displays comprehension and organization of
syntax and mechanics, such as spelling and grammar. Written
work contains only a few minor errors and is mostly easy to
understand.
- Displays basic comprehension of syntax and
mechanics, such as spelling and grammar. Written work
contains a few errors which may slightly distract the reader.
- Fails to display basic comprehension
of syntax or mechanics, such as spelling and grammar. Written
work contains major errors which distract the reader.
-Performance - The assignment is either nonexistent or
lacks the components described in the instructions.
- Accurately uses APA formatting
consistently throughout the paper, title page, and reference
page.
- Exhibits APA formatting throughout the paper.
However, layout contains a few minor errors.
- Exhibits limited knowledge of APA formatting
5. throughout the paper. However, layout does not meet all APA
requirements.
- Fails to exhibit basic knowledge of
APA formatting. There are frequent errors, making the layout
difficult to distinguish as APA.
-Performance - The assignment is either nonexistent or
lacks the components described in the instructions.
- The length of the paper is equivalent to the
required number of correctly formatted pages.
- The length of the paper is nearly equivalent to
the required number of correctly formatted pages.
- The length of the paper is equivalent to at least three
quarters of the required number of correctly formatted pages.
- The length of the paper is equivalent
to at least one half of the required number of correctly
formatted pages.
-Performance - The assignment is either nonexistent or
lacks the components described in the instructions.
- Uses more than the required number of
scholarly sources, providing compelling evidence to support
ideas. All sources on the reference page are used and cited
correctly within the body of the assignment.
- Uses the required number of scholarly sources
to support ideas. All sources on the reference page are used and
cited correctly within the body of the assignment.
- Uses less than the required number of sources to
support ideas. Some sources may not be scholarly. Most sources
on the reference page are used within the body of the
assignment. Citations may not be formatted correctly.
ons - Uses an inadequate number of sources
6. that provide little or no support for ideas. Sources used may not
be scholarly. Most sources on the reference page are not used
within the body of the assignment. Citations are not formatted
correctly.
-Performance - The assignment is either nonexistent or
lacks the components described in the instructions.