Business Ethic (Case study) Essay Example | Topics and Well Written Essays - 2000 words

Business Ethic (Case study) - Essay ExampleThe verge ethics loosely refers to a distinction that is enlighten between something that is morally good from gravely in the way individuals behave. On the other hand, business ethics refers to the values, principles and standards that operate within an organisation and these attempt to make a distinction between business practice that is morally good from bad (Rossouw 2004). From this assertion, it can be noted that the concept of business ethics oecumenically derives from the value system that is used by a particular organisation in its operations towards the attainment of its set goals. Thus, DesJardins (2006) defines values as essential and constant tenets that help define the company and are not to be compromised for pecuniary gain or short term expediency, (p. 5). In view of the above exposition of ethics, it can however, be noted that at times there is no universal agreement on what constitutes something that is good or bad. Thus, certain incidences arise at times in business where some people are no longer certain whether some actions should be considered as right or misuse (Hiti, 1999). People may look at the same thing but some may view it as morally bad while others go out have a different view. This constitutes an ethical dilemma in business when people have conflicting views over a particular issue. In as far as business is concerned, it can be noted that the main objective is to gain profits and at times the issue of ethics is compromised for financial gains. Against this background, the ethical dilemma facing Gerald Smarten, CEO of Kaspa Financial Services is making a decision whether or not to offer supporter through providing the solicit and cafeteria of their building as temporary shelter for the victims of the fatal subway bombing as requested by the police department which is disputed by Ben and others. Ben the general counsel could not imagine the first floor of the Kaspa Tower being t ransformed into a shelter of bleeding victims and bodies of the dead citing that the facilities will suffer bad damages and create a bad image to the investors who may pull out their money as there would be chances that they may link the loyal to the terrorist attack. The dilemma here is whether they can be humane by offering the requested shelter against the need to safeguard the business interests of the firm with regards to the long term relations with the investors. Of notable concern is that the bombing has taken place very close to their office building and 23 of their employees are missing which entails that they may in like manner have been caught up in the attack. Legally they may say no, but morally, they also ought to show a humane face by offering assistance during an unprecedented crisis. 2. The utilitarian, virtue, deontological and libertarian ethics perspectives will be used in this section to compare and contrast the dilemma(s) that have been identified in the giv en case study. concord to the utilitarian theory, the choice that yields the greatest benefit to the majority of people is ethically correct compared to the choice that only benefit the organisation as well as its financial gains, (Rainbow, 2002). This ethical perspective actually encourages people to work towards the outcomes that will give an advantage to the majority o