Ethical Dilemmas in Business
Case One:
This is a situation where a disgruntled worker from the company's main competitor mailed top-secret information or innovative product samples to me. Some of the major concerns that arise include whether to forward the information to the firm's research department or to mail the information back to the competitor informing them what is happening. The other ethical dilemmas that arise include whether to ignore or throw the secrets away and whether to notify the Federal Bureau of Investigations (FBI). While this situation is more of an ethical situation, it's also a legal concern because of the legal aspects that arise when choosing the most suitable course of action and the legal implications.
From a legal perspective, this situation is covered by Uniform Trade Secrets Act, which contains various provisions on misappropriation and gathering information through improper means. According to the Act, misappropriation is obtaining trade secrets of a company's competitor or another business through a person who acquired it by improper means (Whipple par, 2). On the other hand acquiring information through improper means include bribery, theft, violation of a duty to maintain secrecy, misrepresentation, and espionage via electronic and other channels. The Uniform Trade Secrets Act also contains provisions that explain the implications for misappropriation including monetary damages, injunction, and likely penal damages. The use of this information by the company would be considered as misappropriation since the disgruntled employee was violating his/her duty to maintain secrecy.
From an ethical perspective, the top-secret information was not obtained...
Ethical Dilemma Business and ethics don't mingle and according to popular belief they are two opposing forces. The goal of business is profit maximization and ethics are a body of rules that should guide any and all actions. Traditionally it is thought that ethics hinder rather than support the achievement of the corporate goals. However, in recent times corporations and the business world are more focused on the ethics. It pays
ethical dilemmas. The main ones described are the utilitarian, the deontologist, and the prudent pragmatic. Out of the above mentioned methods for solving and discussing ethical dilemmas prudent pragmatic appears to be the most effective and superior. This is due to composition of the prudent pragmatic method. The deontologist method calls for the analyst judging the situation to use abstract means instead of carefully weighing the merits of a
Business Ethics An ethical dilemma is defined as a situation where "an agent has moral reasons for doing two different actions, but where doing both of those two actions in not possible" (McConnell, 2014). Businesses often find themselves in what they believe to be moral dilemmas, if only because of the way that they are framing the issue. In the first scenario, there is no ethical dilemma for James. He perceives
In such a case, moral code is not the only decision making tool (Harding, 2010). Many things come into play when one is confronted with an ethical dilemma. In this situation, the new officer would not want to go against his older and experienced officers. It would also not to be right to order for food freely when the restaurant is opened purposefully for business. The available choices build
It is at this point, when the company will address these challenges over the long-term and become more economically viable in the process. ("Resolution of Business Ethical Dilemmas," n.d.) At the same time, this strategy is very balanced. The only drawback is that there will be short-term pain (in varying degrees) for different stakeholders. This means that the firm can remain in business when the bankruptcy is occurring and maintain
Ethical Dilemma In the first scenario, the vice president of a beer company has been asked to organize a lobbying effort to reduce the drinking age to 18. From a strictly legal perspective, there is nothing wrong with this request. The company has the legal right to lobby government for legislative changes that it wants to see. Indeed, the Citizens United ruling expands the privilege of free speech in elections to
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