Ethics is important in business Essay Example

necessarily moral, e.g., capital punishment (death by lethal injection). For some, this is legal but in truth, this is immoral. Ethics provides us with a clear distinction between morality and legality.

4. Define Business Ethics.

Business Ethics is the study of what is right and wrong human behavior and conduct in business. Business Ethics is a study of the perception of people about morality, moral norms, moral rules, and ethical principles as they apply to people and institutions in business. Business Ethics is the study, evaluation, analysis and questioning of ethical standards, policies, moral norms, and ethical theories that managers and decision makers use in resolving moral issues and ethical dilemmas affecting business.

Case 1: Ethics vs. Profit Questions

1. What are the ethical problems mentioned in this particular case and what are the probable causes of these problems?

One ethical problem that read from the case study is that the employees of the company are not happy in staying or working since a lot of demands are given to them. They have a company that operates with a system that associate profit with quotas and so working in such company will result into pressure.

Another ethical problem is that the qualities of products are ambiguous. They need to produce more products to penetrate the market that such procedures like quality control would be rejected. Lastly is for the Marketing and Sales personnel, for them to sell more products they are using tactics that will lead to deceitfulness and false advertising which soon be bad for the goodwill of the company.

2. Is it alright to do something

illegal or unethical to maintain the company's image and profitability?

Doing such things that reduced the Ethics/Factor in the company is not necessarily good with the company’s image and business. I believe that people thrives and adore companies that gives importance to Ethics.

3. If you are the CEO of the company, what would you do and why?

If I were the CEO of the company I will not force them in selling or hitting a certain quota since it promotes stress and other unethical actions. It’s better that we perform in a performance based system in where I let them realize the importance of a long-term goal and together we achieve our target.