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Pages:
7 pages/≈1925 words
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Style:
APA
Subject:
Business & Marketing
Type:
Essay
Language:
English (U.S.)
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Date:
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Topic:

Ethical dilemma- Offering clients lower-quality products for higher profits.

Essay Instructions:

Students will identify and research an ethical situation/dilemma/case that relates to business. Students may choose to research an ethical issue related to the field that they are studying.
The paper should be 7-10 pages double spaced. The page count does not include your references pages. Use the APA writing and citation style.

Essay Sample Content Preview:

Business Ethics
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Tutor
Business Ethics
Ethical dilemma- Offering clients lower-quality products for higher profits.
Introduction
A business organization torn between the decision of selling lower-quality products and making profits can face significant challenges in solving the dilemma. However, business ethics demand the firm makes the morally right decision regardless of the underlying impacts. What would yield worse results? Offering a client the wrong product and making profits or discarding the commodity and incurring a loss? Investors must come to terms with the fact that business is not a one-time operation thing but a long-term setting that requires loyalty with all stakeholders, including customers. The employer and employees should also maintain ethics in ensuring transparency in the implementation of activities carried out in the business. The ethical dilemma in offering a client worse product to make profits requires great knowledge during the execution of the ultimate decision to ensure that the final decision hurts neither the business nor the client. Although the company might not have a straight forward solution to the issue, using ethics standards can help lead to a better decision. However, Trevino & Nelson (2016) argue that the world may need another text on business ethics morals since most forms violate the already stipulated ideas. Hence, solving the ethical dilemma may require more research on the appropriate ethics than anticipated to ensure efficacy.
Definition of Business Ethics
Defining business ethics requires a basis in the knowledge of ethics as a moral concern. According to Parboteeah & Cullen (2013), ethics is society's perception of what is wrong or right. Hence, while some people may view an issue as a deviation from morals, others in the same community may think it is right. Taking the example of abortion in contemporary society explains the complexity of ethics. In this case, some people believe the action is wrong, whereas others think it is right, depending on the decision of the woman (Parboteeah, & Cullen, 2013). Some people may also argue that it is right if the health of the woman is in line. The stances reveal that understanding ethics is complicated. On the other hand, business ethics entail the standards and principles that guide a business (Parboteeah, & Cullen, 2013). Although the guidelines may stand, various organizations find themselves in the face of business dilemmas. The issues lead to realization and need for engagements such as brainstorming to ensure the implementation of the right solution. Although the complexity in business ethics may seldom yield a black or white path towards problem-solving, the individuals involved must step towards getting out of the dilemma.
Managers indulge in many decision-making processes in their daily activities around the business, and solving an ethical dilemma is not an exception. However, some of the decisions may have negative implications for the company. This factor yields the concern for effectiveness to avoid ramifications on the organization's commercial operations (Lurie & Albin 2007). According to Lurie & Albin (2007), people involved in ethical dilemmas do not ...
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