Essay Questions: How does the situation John faces constitute an ethical dilemma? Using two normative theories of ethics we comment on the ethical aspects of the situation. Business is an organization or economic system in which products and services are exchanged for money, a product or services. Businesses need investments or customers to make profits and survive. Ethical issues can arise in business, such as false advertising, deception of the public, exaggerations and disclaimers. In this case study, the ethical problem identified is the exaggeration of the company's earnings and the falsification of documents by signing an order that has not yet been finalized. Business ethics is the study of business situations, activities, and decisions in which questions of right and wrong are evaluated. “Business ethics, ultimately, is just business in its broadest human context” (Solomon, 2009, p.37). Ethical dilemmas such as financial management, corporate social management, corporate governance, shareholder relations, insider trading and discrimination are examined by business ethics. Ethical dilemmas arise in situations where there are no right or wrong answers, usually it is a complex moral issue that needs to be resolved, a choice needs to be made between "right" and "right"; choosing the best of the worst. Normally it is not easy to reach a result, but the dilemma can be resolved in different ways depending on each person's situation, background, personality, beliefs, life experiences, as well as taking into account legal, moral factors and social norms when analyzing, processing and making a fully informed morally ethical decision. The process of solving such complex problems involves analyzing the problem itself, examining the possible consequences... middle of paper ...and taking the other parties into consideration, asking what is best for their investors and for the company as a whole, what is best for him now and in the future, what is best for customers, how the company's reputation will be compromised and then the consequences if he commits fraud and the order is not finalized. Let the good things outweigh the bad in this situation. After analyzing the case study and doing my research on normative theories of ethics and morality in business, my opinion would be that John doesn't take the risk and does what is "right" and waits for the deal to close first to sign the order. Yes, the company may not make it, but John will still be able to find another job where, as if he commits fraud, things could be much worse for him in the long run. In the end he will have made the right decision by not breaking the company's laws and regulations.
tags