Principles Of Business Ethics Essay Example

be valid and equal thus making it respectable in their own perspective. Through these fundamental ethical approaches, the management of a certain group or institution can actually maintain the ethical nature in their own group thus prevailing the ethical philosophy among its members, the managers, and the institution’s nature itself.Definition of the Problem It is very usual in the business world to encounter a problem concerning the ethical aspect of the society wherein a specific situation involves a certain contradiction or complication with the morality and values of the society involved in the certain business sector.

In these kinds of situation, the party with the responsibility of making and implementing the suitable decision to address this problem need to critically consider all of the pertinent aspects and elements of the said problem. Ferrell, 2001, 65) One of the elements that is viewed to be very important to be considered is the intensity and impact of the ethical issue that is being addressed. The intensity of the ethical problems that is being faced in the business world manifests as a crucial factor and determinant to the scope of the problem, the solution it requires, and the changes that it can bring to the present system and administration.One way to view the aspect of intensity is the number of people that the problem involves or to be affected by both the complication itself and the solution it requires.

Another view of the intensity of the problem is its duration and complexity determining whether it will bring a major or a minor change in the future condition and/or systematic process of the business. Kuhn, 2005, 87) In addition,

the intensity of the problem also involves the social factor to the situation manifesting through the perspective of the society of the company resulting with their solution regarding the ethical problem they are involved with. (Cragg, 2001, 74) Because of the said nature and concepts regarding the complexity of ethical problems, the aspect of its intensity becomes are critically important element to be considered in the process of decision-making.In addressing the ethical problem in the business world and making the appropriate solution for it, one must significantly consider the future effect of the problem, its influence to the present system of organization and the needed changes, and its impact on the social values and moral determining the cultural personality of the whole business identity. (CSTS, Internet, 2005) All of these concepts make the intensity of the ethical problems that needs to be significant considered in the aspect of making the ethical decision for solving problems.