Ethics [Name of the Writer]
[Name of the Institution]
Abstract
This paper reports the findings of an inclusive study on ethics and ethical dilemmas faced by the Canadian companies. The detailed study of the company that have had ethical dilemma can be seen later in this paper. It was found that there are many persistent questions about the issues of ethical dilemma and its value in Canada’s Corporations. Later in this paper certain suggestions are given to define one particular Scenario in detail as a CEO of the company.
Questions that will be later answered in this paper will be:
1) What does a science of organizations consist of?
2) What are the potential ethical issues faced by Canadian Companies?
3) What can be the Most Effective Approaches that can applied in the framework of the organization?
4) What direction should the field take?
5) What role does the CEO of the company should play in order to avoid such ethical dilemmas in future?
Table of Contents
Ethics
Introduction
In the year 1995 Clarkson stated that, it is the matter of deliberate importance, when the ethical choice in the organization comes out to be endurance issue. The ethics Programs and its management may become the issue of survivals for the Cooperation1.The corporations like Enron and Arthur Andersen could have prevent mishap in their organizations, if they had made ethical decisions. Although these mishaps were examples for the other organizations, that the ethics and its importance is much more accountable than it seems to be. Almost most of the exposed cases were found to be that of United States. But on the same hand Canadian companies are not invulnerable to this public ethical dilemma issues as well. They also experiences situations that resulted in the mishaps like the American Companies. Let’s take an example of Bre-X Company, they misleadingly announced to have found World’s largest Gold deposit in Indonesia.
The key points of the ethical dilemma of the Canadian companies are
- overlooking the responsibility to be sincere with its customers
- Disappointment towards offering a contented working environment
- Failure to sticking to ethical codes mainly when facing with struggle
Canadian companies must choose whether to stick to regular ethical values or to regulate to the restricted rules.
Corporate activities involved the large part of the ethics prom in their doings. All organizations have certain ethical policies but most of them don’t know how to deal with the ethical dilemmas that come to their way .Brenner defines these ethics as the corporate values and actions which may result the modesty of ethical behavior2. Therefore, identifying what evaluates the ethical behavior could be much difficult. The clear and apparent mechanisms are helpful in linking the organizational behavior .Among the obvious components are the ethical codes of dealing which will be discussed later.
The complete mechanism of ethics in corporate includes certain, trainings, policies, lectures, visits, audit, Corporate culture, motivation systems, cherished behaviors, promotion, performance evaluation systems and executive behaviors3.
Model of Corporate Ethics Programs in Business Ethics by Stajkovic & Luthans, 1997
As it can be clearly seen from the above Figure as proposed by Stajkovic and Luthans those standards of ethics are identified with a mutual and inter connected interaction between the three factors namely, personal, institutional and organizational, all these are under the contemporary values.
Organizational factors consist of several ethical codes and corporate programs. While the institutional factors consists of only charters in order to prevent from hypocrites. Organizational factors are mainly in concern with the investigation of several aspects of ethics programs in corporations.
Discussion
Study
In the year 1999-2000 Canadian Business ethics
Related Documents: Ethical Issues Faced By Canadian Companies
INTRODUCTION Business ethics is a study of moral standards and how these apply to the systems and organizations through which modern societies produce and distribute goods and services, and to the people who work within these organizations. Business ethics, in other words, is a form of applied ethics. It includes not only the analysis of moral norms and moral values, but also attempts to apply the conclusions of this analysis to that assortment of institutions, technologies, transactions, activities…
Ghazaleh Tavakolishanjani Business Ethics Professor Peter Sebhatu National University 1. No. The ability to act with rectitude, to refer their policies and plans to a culture of ethics that embraces the most fundamental moral principles of humankind, which serves to legitimize the maximization of shareholder wealth. 2. Yes. These resources may be both tangible and intangible. Shareholders, for ex- ample, supply capital; suppliers offer material resources or intangible knowledge; employees…
Business Ethics Karl Claudio Composition GE-117 Business ethics is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. The economy these days is at a low point for many consumers in United States. Due to the economy, prices are getting higher, many people’s income is decreasing…
purpose of business practices that are put in place is to provide the company with approval and favorable expert position among merchants, consumers, and prospective collaborations. These characteristics and having well-known business ethics allow room for the business to grow in many areas such as building working relationships. The positive outcome of these relationships can consist of merchandise prices being lower, consumers being loyal with returning their business, and the business growing from…
HEADER: BUSINESS ETHICS Business Ethics Kimberly Lindsey PHI 208: Ethics and Moral Reasoning Instructor John Ludes June 16, 2014 BUSINESS ETHICS 2 Introduction In this paper we will be discussing how businesses and management should and do show superior business ethics in doing what is right for the company as well as the employees. The reason for there to be business ethics, is to choose and know what is right and what is wrong in the business and with…
one of the biggest energy companies in America, was reviewed by Paul Healy, the James R. Williston Professor of Business Administration at Harvard, and Krisha G. Palepu, the Ross Graham Walker Professor of Business Administration at Harvard, who state that “despite the elaborate corporate governance network, Enron was able to attract large sums of capital to fund questionable business model, conceal its true performance through a series of accounting and financing maneuvers, and hype its stock to…
Business Ethics Assignment 1 Introduction This essay is to generally discuss how ethical theories provide guides in valuing human being’s behaviours to be ethically good or bad. We also have a look in different ethical theories to see why they are incompatible. The ethical theories include Utilitarianism, Kantian moral theory, virtue ethics and rights theory. Drawing on two of the theories, we will outline their positions and critically discuss the claim in a business situation…
Introduction Ethics and integrity are vital characteristics of modern businesspeople. This is a result of a combination of rising public scrutiny around businesses and the ethics of their actions. In addition to this, business leaders need to show high levels of ethical behaviour and integrity if they are to obtain the respect and commitment of their workforces and thus discharge their duties to shareholders. In this essay I will explore these issues and the importance of future business leaders developing…
Business Research Ethics: Job Satisfaction Research RES/351 Kim Gravelle Business Research Ethics: Job Satisfaction Research The Pharmaceutical Manufacturing Industry is among one of the most dynamic industries in the world. The products they produce touch almost every one of our lives. These products require a tremendous skill base to maintain operations to a level that satisfies all of the quality, volumes, and responsiveness that society needs, and at the times required. As a result, many of…
Business Ethics MGMT-1125 6/5/2013 Rhonda Ledbetter | Business Ethics Business ethics are forms of applied ethics or professional ethics that examine ethical principles and moral or ethical problems that arise in a business environment. It can also be defined as the moral values and principles set forth for a company or market. Proper business ethics are vital for a business to be successful, providing quality care and honesty to consumers. Business ethics are important because how a business…