What are different types of problems in business ethics?

There are a number of problems in business ethics. However, these problems usually begin with five main concerns. At a business school, students are usually taught a set of concepts that are considered to be a core for corporate responsibility, even if monitoring these concepts create ethical dilemmas. Such ethical dilemmas create voltage in the application of business ethics due to their own contradictions. These contradictions imply several types of problems arising from the main corporate obligations to include problems with the capital of the parties involved, the focus on profit, quantitative emphasis and billing of externalities and the interpretation of social responsibility itself.

The capital of the parties involved is a problem in business ethics, because managers and executives are often under pressure to put most of this capital with shareholders, usually at the expense of other parties in the organization. For example, the company could be under pressure to pay Milons in dividends to its shareholders in a given year, andLE In order to make this payment, the company may need to reduce the workforce. Such a decision creates an ethical dilemma, because one participating party takes precedence over another without justification. Probably the workforce and shareholders contribute evenly to the corporation, while both have the same share in the organization.

Therefore,

focus on profit often becomes a mandate among many managers and managers. Creating sound and sustainable profits rarely causes problems in business ethics, but many businesses emphasize profit to the extent that the parties are negatively affected. Problems with such a nature are manifested in making profits from reducing quality and making profits by reducing operating expenditures that lead to non -compliance with consumers 'needs and maintaining more profits by reducing employees' remuneration or reducing certain measures to compensate together. When some of the Party Parties ZisAt the expense of other parties involved, it arises in violation of business ethics in that it seems that maximizing profit supports greed rather than caution and questioning whether it has also delivered the interest of the company in the long term.

Quantitative emphasis also tends to create many types of problems in business ethics, because while many types of decisions can be quantified, many of them cannot. Costs can often be assigned and quantified, but the benefits are much more subjective. Therefore, when a business decision requires a focus on quantitative data to decide and avoid the demanding task to consider other benefits that cannot be measured directly, ethical problems must be introduced. For example, take a company with the task of deciding whether to implement a security program. Managers and executives face ethical dilemma justification of expenditures that can reduce the into profit or implementation of the program with potential benefits for the organization they cannot quantify.

externalAlita also represents problems in business ethics, simply because the data in the balance sheet does not always tell the whole story of society. Defined as a responsibility that is not recorded on the financial records of the company, cannot be considered as obligations as obligations because they do not appear in the record. However, there may be obligations whether they are recorded or not. Many decisions include externalities such as environmental damage caused by production, health problems caused by the lack of the right scientific research before the product relaxation to the market, and social problems caused by business decisions that neglect to take into account social impact. Businesses that neglect to take into account their actions - in addition to the direct impact on the aim of maximizing profit for shareholders - they create countless ethical dilemmas for managers and execution.

Corporate often includes actions and decisions that are in the best interest of business. The interpretation of this mandate has a nodSettlement, because if we focus on creating quantitative results designed to maximize profits at present as the best interest of the company, then business risk that not only its own future, but for the future of many, not all, his participating fear. Given ethical problems facing contradictory mandates and external reality, managers and managers face harsh questions that they have to not only ask but diligently seek the right answers. Overcoming problems in business ethics means recognizing these contradictions and understanding why they exist and how best to apply ethical solutions to minimize the harm to all parties - not only several selected - as well as the social environment in general.