Business Ethics Scenarios Analysis

Document Type:Coursework

Subject Area:Finance

Document 1

Rationale The three policies are rational since the business focus on helping the company to gain more respect and improved reputation from the entire stakeholders. In addition, the implementation of these policies aids in making TechFite more accepted across the world. The particular policies also demonstrate the manner through which TechFite manages to show more care to its workers as it also focuses on achieving its mission. There is the provision of programs that aim at the promotion of leadership skills among the young workers (May, et al. Through proper compensation of workers and enabling employees to work at equal weekly hours, TechFite workers are motivated to perform accordingly. Difference between Ethical and legal issues Ethical issues are the corporate issues that depend on the human principles of doing right or wrong. This means that when a person fails to do something that is wrong as per the social situation, that person is identified to be ethically wrong (Crane, and Matten, 17). Legal issues are business issues with the basis of written laws and regulations. Legal issues are mainly established for people not conforming to the set rules and guidelines. In TechFite’s scenario, the ethical issues at stake are; conflict of interest, misuse of resources, and whistleblowing among many. The human resources director is constraining the amount of funding required by full time employees, and reducing working hours resulting to many employees being classified as part-time workers. This move represents a conflict of interest. There is also payment of excessive bonuses to the top executives, while employees are complaining of low wages and benefits, which mean resources, are being misused.

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Having an ethics officer in a company is essential. The purpose of the ethics officer in TechFite is to check whether all staff members are behaving according to set rules and regulations while at the workplace. He should also ensure that the top executives at TechFite do not exploit workers by paying them less salary than they are worth and prevent them from misusing the company’s funds for their self-interests. B. Corporate Social Responsibilities Corporate social responsibility is the role of the business towards the social and environmental well-being of the community. TechFite Company is actively involved in the community around them, in order to have a good reputation in the community. TechFite has the desire of improving its reputation in the community, where it once made commitments to sponsor community events, to support youth leadership development programs, and invest in infrastructure of rebuilding deliberg city.

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Scenario 2 1. The employees in the scenario’s company are entitled to rights such as: Training from the employer; this is where every newly coming worker is supposed to be trained in order to understand how the organization’s operations are conducted. Workers are supposed to be offered annual ethical training for their understanding of the company’s ethical standards and for them to operate as per the business ethics of the company(Crane, and Matten, 17). Training workers enables them to perform accordingly, which is also reflected on the company’s general performance. Being engaged in the training decision-making process; Workers have the right of being involved in the decision making process regarding the nature of training that they will receive, especially the existing employees (Rutherford, et al. The employer is supposed to offer orientation information to the new employees.

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By ensuring that all the existing workers are updated concerning the new technology or systems as they are introduced in the company, this enables the employer to realize the target level of organizational productivity (Hartman, et al. Engaging workers in the ethical decision-making process; Workers’ should be given a chance to give out their opinions in the decision-making process (Rutherford, et al. The employer needs to involve workers in all ethical activities, especially when making decisions regarding the ethical standards to start applying at the workplace. Communicating such information with workers enables them to follow the company’s requirements, therefore having a good relationship with them. Honest communication; At the workplace, workers are supposed to communicate in a honest way or telling the truth at all times (Bardy, et al. This is where a worker is needed to tell the whole truth regarding the questions regarding their line of duty or the operations as they are conducted.

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For instance, when a worker is responsible for the financial operations or handling of the company’s finance, one should talk the truth and avoid hiding some information that might be very helpful to the company. Following rules like the arrival time; this ethical decision represents an ethical dilemma in that the affected worker is required to weigh two likely moral imperatives and make the decision of following one of them. Therefore, the decision of whether to be late at work or not following the associated rule and arriving at the workplace when late can only be made by weighting between the two things and focusing on ending the associated conflict (Pearson, 122). Crane, Andrew, and Dirk Matten. Business ethics: Managing corporate citizenship and sustainability in the age of globalization. Oxford University Press, 2016.

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Hartman, Laura Pincus, Joseph R. DesJardins, and Chris MacDonald. Public relations theory. Routledge, 2017. Rutherford, Matthew A. et al. Business ethics as a required course: Investigating the factors impacting the decision to require ethics in the undergraduate business core curriculum.

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