Business Ethics: Ethics And Moral Reasoning

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1 RUNNING HEADER: BUSINESS ETHICS

Business Ethics
Kimberly Lindsey
PHI 208: Ethics and Moral Reasoning
Instructor John Ludes
June 16, 2014

BUSINESS ETHICS 2
Introduction
In this paper we will be discussing how businesses and management should and do show superior business ethics in doing what is right for the company as well as the employees. The reason for there to be business ethics, is to choose and know what is right and what is wrong in the business and with the employees. There are times that a CEO of a company that makes the wrong choices mainly greed and it costs him/her their business. When in business its in the companies best interest to treat their employees and customers as an equal, because they are what make the business operate. Therefore, business ethics is showing employees and customers, that even though they are in business to make a profit, they will do the right thing and have a understanding that all their employees are human and sometimes they will make mistakes, but to help them recover and move on with good work ethics. First I will start with business ethics, business ethics is showing the employee's and customers, that even though their in business to make a profit, they'll do the right thing and have understanding that their employee's are human and will make mistakes, and help them recover from a mistake, to give a warning to the employee, and move on in good work ethics. What does this mean? For example, if the owner and/or manager(s) would renounce an increase in the price of the product(s) in order to influence of social purpose of stopping inflation, even though a price increase would be in the best interests of the corporation (Friedman, 1970). If CEO's of the big corporations and even small businesses could keep greed out, and think of the about all their customers, who don't have much to spend including their employee's, they would be showing good business ethics, have more customers, and happier employee's. Unfortunately the CEO's end up greedy and get wealthier from the product(s) the employee's sale, which in return increases the product, as the employee's become poorer and eventually a cheap and replaceable commodity (Marx, 1959). Owners and managers start out having a business relationship with their new employee's, but
BUSINESS ETHICS 3 eventually they end up treating their employees with aloofness. Management is supposed to show proper business ethics and the proper way to do the job at hand. As a previous business owner and now an employee, it's quite different to see how differently the employee's are treated. Employees are required to do the jobs assigned to them within the allotted time, but there are times that the employees have to stay longer to get the job done, and done correctly. It is then the management and owners time to treat that employee properly and find out if there was a reason to the lateness of the employee getting the job done. Say an employee is injured but comes in to work, with this injury he/she has lost almost the use of their left arm. Therefore, she has to stay over a little longer to make sure everything is done correctly. The manager and owner get onto the employee, saying he/she could have gotten the work done if he/she wouldn't have been talking to her family. The employee knows that he/she has to be out by a certain time, but the time took to talk to his/her family was not the problem. It was that he/she was unable to lift the heavy things, sweep or mop with out serious pain in her arm; even with the pain the employee finishes the job correctly. Deontology business ethics would be for the manager who knew the employee was hurt to tell the store owner the truth of the situation, saying to the store owner that the employee has been injured and instead of calling in, he/she came in and is trying to do the required job correctly. But as seen many
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