71203 Business Ethics Assignment Sample

This is the assignment sample of "71203 Business Ethics Assignment".

This online course will help you develop your ability to analyze and make ethical decisions in business situations.

You may be faced with scenarios that test the boundaries of ethics, but this class is here to teach you how to think critically about these issues so that when it's time for action, all other factors are taken into consideration and a well-thought-out decision can be made.

Assignment Solution Of "71203 Business Ethics Assignment".

This course has a lot of assignments; one assignment is to do a group project. Another one is to write an executive summary for your company's proposal. You will complete some research on the business world by the time it is due!

Assignment Activity 1. Analyze particular business situations using ethical theories to generate recommendations for action

Ethics is the branch of philosophy that seeks to understand why people do what they do and how we can make ethical decisions about our own behavior.

There are generally two types of ethical theories: teleological and deontological models. Probably the most famous teleological theory is utilitarianism, which prescribes that we must maximize benefits for both ourselves and society.

Utilitarianism judges the morality of an action based on whether it results in consequences deemed desirable by a majority of people in a given situation.

The one downside to utilitarianism ethics, though, is that there's no way to know for certain what will be most beneficial to everyone or if some may not even want something which seems like it would be good for them.

A more deontological approach would be that we must consider the effect of our actions on others and ourselves.

This model is based on the belief that individuals have rights and one cannot interfere with those rights even if it seems to benefit another person or improve society as a whole.

Assignment Activity 2. Develop reasoned arguments to support positions on topical ethical issues in business

In the business world, it's a common idea that ethics are just an idea. People can argue there is no ethical way to make money.

The reality is that there are plenty of ways to make money and not sacrifice ethics at all. Some businesses have committed themselves to be "purpose-driven".

Their purpose in life as a company is greater than just making money, which means they're considering the well-being of their employees, their customers, and everything else they do in the economy for some other higher purpose beyond profit-making.

There's another important concept in business called win-win negotiation. This process was developed by Harvard professors Roger Fisher and William Ury during the 1970s and 80s as an alternative form of negotiation to win-lose.

In a win-win situation, people cooperate and try to help each other. They want to make the other person's life better. In a win-lose process, people want to hurt the other person and don't care if they are happy or not.

Assignment Activity 3. identify and discuss the nature of ethical inquiry and the nature of ethical justification with regard to business issues and situations

Ethical inquiry is a way to answer questions about right and wrong. Common sense tells you how something should be done.

If you can't find out what the common sense answer is, then ask someone who knows. The distinction between these two concepts is what Husserl calls the crisis of European sciences.

Many philosophers believe that scientific knowledge is wrong. But, there are also many ideas about how to take scientific knowledge seriously.

Science can be conditional and not absolute like other types of knowledge. This means that it could be taken seriously in philosophical ways even if it doesn't always have the truth.

Assignment Activity 4. Explain the positions of some major ethical theories and illustrate a critical understanding of these approaches using examples drawn from business situations

The three major types of ethical theories are consequentialism, deontology, and virtue ethics. These are ordered from most widespread to least.

This is about judging the morality of an action. It's the teaching that says if you can do something wrong to someone without harming anyone else, then it is morally permissible to do so.

If a good consequence happens, then an immoral or harmful action may be right in some instances.

If I offer you money for your car but I am not sure how to ask you politely, capitalism would say take his car and get $1000 out of him.

But when it comes to business, this kind of thinking contradicts what is known as the Golden Rule (Do unto others as you would have them do unto you).

Consequentialists believe that a morally right act will produce a good outcome and an immoral one will produce a bad outcome. These are things that anyone can recognize without special training or knowledge.

Deontology is the belief that you should make moral decisions based on what is right, not about what will produce a good outcome. Y

You may make a decision that leads to bad things happening, but if you do the right thing and stick with your principles, then you are a morally good person even though the consequences of your actions were bad.

Assignment Activity 5. apply some major ethical theories to evaluate the ethical acceptability of actions in business situations

The utilitarian theory is the one that would be more favorable to these actions because it aims to maximize pragmatic utility.

Utilitarianism seeks to maximize individual and social welfare for the greatest amount of beings possible.

Therefore, by maximizing contractual arrangements with suppliers who offer the lowest costs, society could potentially achieve greater savings on the distribution of goods and services.

Social implications would include a positive impact on economic growth in developing nations where such labor practices may be more feasible than here in developed countries due to lower wages paid per individual unit time and less robust union protection laws.

Utilitarianism places greater importance on moral rules that govern conduct in complex societies rather than fundamental moral principles or specific religious doctrines that are designed for small groups living under primitive conditions of life.

Utilitarians generally reject the idea of absolute moral principles (for example, never lie) in favor of a "rule-of-thumb" that promotes general happiness. The consequences determine whether an act is right or wrong.

Assignment Activity 6. Critically discuss topical ethical issues in business.

Ethical issues cover the bad things people do in their jobs. You might think it is bad to help a dictator get a nuclear weapon.

But there are also other small things like what you should say to your employees or what kind of advertising you should have.

There are many topics that could be considered unethical in a job setting, but I will talk about just one topic for this post: simple moral vs. immoral decisions.

Whistleblowing is when an employee tells a person in charge about information about something that is illegal or unethical. It might not be possible to do this, for example, if you work in a government institution.

But if you work at a private company, then you might need to tell someone higher up what is happening where you work.

This does not mean that you should go around ratting out your coworkers for benefiting from the sale of taco sauce during lunch hour.

You can't get fired from your job just because you eat tacos during lunchtime as long as it doesn't disrupt anything.

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