Question

In: Operations Management

Week 15, Business Ethics Business ethics demands that you know and understand what is right and...

Week 15,

Business Ethics

Business ethics demands that you know and understand what is right and what is wrong. Hence, your business policy should clearly state your operating rules. Ethical business principles dictates that you use moral judgement and handle clients’ business with care; morality guide you against unlawful profits and abuse of customer information and anything that belongs to the customer.

Here are six steps that you should follow:

Moral standards deal with serious matters

Moral standards are preferred to other values

Moral standards are independent of authority

Moral standards are universal

Moral standards are associated with special emotions and vocabulary

We have a duty to treat others the way we would like to be treated if we were in the position of the customer or client.

So, as an e-business manager, should you sell customers information without their consent? Information stored from customers on your servers are your information to do as you please, do you agree or disagree. Elaborate on your answer.

Many businesses cut corners to increase profits. In many cases, cutting corners hurt the consumers. If taking a decision will increase your company’s bottom line, and the decision is unethical; however, it will not hurt anyone adversely. In fact, it will save your company from going out of business and save jobs for hundreds of employees. Should you take that decision? Elaborate on your answer.

BUS 368 classmates, please do not use the same answer.

BUS 368 classmates, please do not use the same answer.

BUS 368 classmates, please do not use the same answer.

11/28/18

Solutions

Expert Solution

answer-

1- So, as an e-business manager, should you sell customers information without their consent? Information stored from customers on your servers are your information to do as you please, do you agree or disagree. Elaborate on your answer

it would be very unethical to use the customers information for personal gains or personal enjoyment without thier consent.manager should not use small or big any type of information of customers without thier consent because it mean betrayal, dishonesty from the side of the e-business manager which is unethical thing to do.

i would not agree that information from customer stored in our server is our information & we can do anything with it. we are only the protector of that information also customers showed thier trust & believe on us by providing thier information to us & if we use them it would be unethically wrong.

2- Many businesses cut corners to increase profits. In many cases, cutting corners hurt the consumers. If taking a decision will increase your company’s bottom line, and the decision is unethical; however, it will not hurt anyone adversely. In fact, it will save your company from going out of business and save jobs for hundreds of employees. Should you take that decision? Elaborate on your answer.

cutting corners & increase profit of the business is ethically wrong but if there is ethical dilemma present that a decision can make profit of the company without hurting anyone also saving the jobs of hundreds of employees then decision can be taken even if it is unethical in general because ethics means what is right thing to do & what is good for others but sometimes such dilemmas can occur where we have to choose unethical decisions for greater good like in above case.

*above answer is written from my perspective.hope this answer would help you.good luck & rate.


Related Solutions

definin what you understand the term "ethics" to mean, and what it means to you to...
definin what you understand the term "ethics" to mean, and what it means to you to speak of "organizational ethics."
Chapter 1 – Know and Understand the characteristics of living organisms. Know and understand what is...
Chapter 1 – Know and Understand the characteristics of living organisms. Know and understand what is meant by the terms biology, histology, anatomy and physiology. Know and understand what is meant by homeostasis, and what a failure of homeostasis can lead to. Know and understand the various types of feedback mechanisms and examples of each. Know and understand the various terminology regarding locations on the body. Chapter 2 – Know and understand what matter is Know and understand what atoms...
Understand how cells adapt to threats and demands, what are those adaptations called? How do you...
Understand how cells adapt to threats and demands, what are those adaptations called? How do you know that the cells have adapted, as a nurse? Know what inflammation is, how you would recognize it, and the pathophysiology behind it Differentiate mediators of inflammation. Differentiate staging and grading of cancers. What do each involve? Understand how cancer spreads Understand the fight or flight system Differentiate between different types of infection that we have talked about in lecture, (MRSA, Pneumonia, Influenza, Nosocomial,...
Why are companies concerned with business ethics? What are business ethics?
Why are companies concerned with business ethics? What are business ethics?
What do you feel is the relationship between personal ethics and business ethics? Are they or...
What do you feel is the relationship between personal ethics and business ethics? Are they or should they be the same? ***This is a Business Policy and Strategy course****
What do you feel is the relationship between personal ethics and business ethics? Are they or...
What do you feel is the relationship between personal ethics and business ethics? Are they or should they be the same? Your response should be 200 words in length.
Ethics is basically about right and wrong but what is right or wrong is relative to...
Ethics is basically about right and wrong but what is right or wrong is relative to certain principles or theories. Discuss the view that no one theory of Ethics is complete by itself.
Business ethics are concerned with accepted principles of right or wrong governing the conduct of businesspeople....
Business ethics are concerned with accepted principles of right or wrong governing the conduct of businesspeople. Identify and discuss the common examples of unethical decisions that businesspeople have made.
Here is the question. I understand what the answer is but need to know how you...
Here is the question. I understand what the answer is but need to know how you calculate the PV at 12% in year 5 to equal .567. You have worked in XYZ Corporation for the last five years and have a more optimistic view of the firm's future FCFs. In your personal/professional opinion, XYZ could generate $4 million FCF next year, $4.5 million in year two, $5 million in year three, $5.5 million in year four, $6 million in year...
"Business ethics is no practical importance to managers. "Debates about right and wrong should be left...
"Business ethics is no practical importance to managers. "Debates about right and wrong should be left in the classroom." Critically evaluate this statement using examples where appropriate.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT