Business Ethics Is Not an Oxymoron - 1431 Words

Business Ethics Is Not An Oxymoron by Dexter Calma Ateneo Graduate School of Business Business, in a very simplified definition, describes an exchange of something for another. In this context, it can be implied that there is a fiduciary understanding that the parties involved receive goods or services that are of equal value according to the appraisal system that they have agreed upon, whether it is based on units of measurement, or just mere goodwill. Thus, ethical standards that are applied in business should be in correspondence to expected moral behaviors of society, a basic equation of interdependence. The understanding of this basic equation has been very evident to a vast majority of well known business people, among which†¦show more content†¦Months after she returned to work from her operations, she received a year-end employee rating of NI (Needs Improvement). This is the lowest rating that an employee can get in our company. If you got this rating, you will not receive any year-end performance bonuses and salary increases. Her manager pointed out the month were she went on leave, exceeding her allowable vacation leaves of 15 days, and made a major impact on the under-manned process during the critical working days. Employees who knew the story all agreed with the fact that this was unethical, and inconsiderate. It was not long before this certain employee filed her resignation. It was also just a matter of days after her tender that most for her team mates tendered their resignation letters as well. It was made clear to them that it was hopeless, and things would not be better anymore. The management team of this group was only focused on results, profits, good numbers, and their reputation to deliver on time. They hired new employees because as we all know, it is easy to hire nowadays because of the scarcity of jobs and surplus of qualified professionals. But the same scenarios happened and not long before these new employees tendered their resignation letters. Higher management saw that it there is a problem the groups management and made their move. It wasShow MoreRelatedBusiness Ethics Is Not An Oxymoron1791 Words   |  8 PagesBusiness ethics are the moral behavior and principles that businesses live by in daily transactions. This brings about the question that has been asked many times, â€Å"Is Business Ethics an Oxymoron?† One side of the augment will say that people do business to earn profit and ethics is the opposite of earning profit. On the other hand, some will argue that without ethics in the business world, the market s ystem will become chaotic and fail. I believe that business ethics is not an oxymoron. I will giveRead MoreSales Ethics Is an Oxymoron1567 Words   |  7 PagesIs Sales-Ethics an Oxymoron? Globalization highlighted the ethical issues and concerns for every individual organization, multinational organizational conduct their operations under ethical code of conduct to confine the issues faced by unethical conducts. Many organizations such as pharmaceutical firms, technological firms and financial firms pay more attentions to ethical behavior to ensure the sales to consumers have been impeccably ethical. However managers pay attention to behavioral ethicalRead MoreThe Issue Of Business Ethics Essay1359 Words   |  6 Pages An oxymoron acts as a form of figurative language that grasps the attention of the reader and puts emphasis on two or more words. In the context of everyday life we hear some â€Å"normal† oxymorons such as â€Å"jumbo shrimp, passive aggressive, awfully good, The Great Depression,† and of course, â€Å"business ethics.† In terms of â€Å"business ethics,† the common misconception still remains that the word, â€Å"busine ss† and the word, â€Å"ethics† should never be adjacent. Primarily, I find this misconception offensiveRead MoreThe Standards Of Behavior Team Energy1328 Words   |  6 PagesWhat constitutes a good company and how business is conducted have been drastically redefined to measure not only performance, but increasingly an importance is placed on compliance records. This was due to the corporate scandals and collapse of major financial institutions which then resulted to a more exacting and stringent reportorial rules and corporate ethical behavior. TeaM Energy’s President and CEO, Mr. Federico E. Puno believes that it is important that all employees are aware of the standardsRead MoreThe Ethical Issue Of Software Piracy1530 Words   |  7 Pages Introduction In this paper we are going to examine why personal morality is an oxymoron and how a moral system is analogous to a game. Then we are going to analyze how the ethical issue of software piracy is seen from the notion of common moral system according to Gert. Personal morality is an oxymoron So let’s first see why Gert believes that the notion of ‘personal morality† is an oxymoron. According to Gert, a moral system is public because everyone should know and be familiar with the rulesRead MoreThe Importance of Ethics in Business Essay1475 Words   |  6 PagesEthics is the branch of philosophy that deals with the principles correlated to human behavior concerning the rightness and wrongness of specific conduct, and to the good and bad that influences and ends those actions (Ditonary.com, 2011). In other words, ethics is the choice people effect in regards to a decision they need to achieve. Without ethics directing the choice an individual makes, moral preferences of what should or should not be done becomes irrelevant. While ethical decisions areRead MoreEthical Issues Faced by the Accountancy Profession Essay1747 Words   |  7 PagesEthics plays an essential and integral part in the accountancy profession. Professional conduct plays an important role in establishing public trust in financial reporting and business practise. Yet this can and has come under threat when clients and employees are exposed to the risk of fraud when accounting ethics are not adhered to. Codes of ethics are adopted to ensure the reliability, comparability and integrity of financial statements. Ethical standards exist to safeguard the fundamental principlesRead MoreThe Great Gatsby By F. Scott Fitzgerald1101 Words   |  5 Pagessuggests that using illegal or immoral methods to attain the American Dream will ultimately result in undesired consequences. Fitzgerald develops Jay Gatsby’s character in order to make apparent his satirical attitude toward the American Dream. In â€Å"Oxymoron In The Great Gatsby,† Peter L. Hays claims, â€Å"I have difficulty crediting Gatsby as a coherent human being, but as a symbol of the elusive American dream, He consummately embodies the contradictory qualities of this country, our saying one thing whileRead MoreThe Role Of Ethics And Social Responsibility On Developing A Strategic Plan746 Words   |  3 Pages Ethics is the â€Å"consensually accepted standards of behavior for an occupation, trade, or profession† (Wheelen Hunger, 2010, p. G4). Ethics in business involve different standards based on the location and customs. What is ethically acceptable in one environment may not be acceptable in another. Analyzing ethics is essential when developing strategic plans. Some even may argue that there is no such thing as business ethics (Wheelen Hunger, 2010). The whole concept of ethics and business is a bitRead MoreHacking And Its Effect On Human Behavior Essay1608 Words   |  7 Pagesweaknesses so that a network can be built to avoid these attacks and improve security. In this essay, I will be explaining the differences between hacking and ethical hacking, looking at both individually I will show how ethical hacking is not an oxymoron and is used to create a safer and more secure technological world. I will show how ethical hacking can benefit society in professional and personal life and how the work of ethical hackers keeps us safe from malevolent hackers. A hacker is someone