Can consumers rely on ethics and the process of self-regulation as a useful way of controlling managerial and corporate conduct? Ideally consumers should be able to rely on the free market to guide business conduct effectively, making government intervention unneeded. However, the capabilities of a self-regulated system is highly revolved around individual business culture. Upon evaluation of America’s moral climate, ethical theories and business ethics in practice, the reliability of ethical conduct as a self-regulating force for managers and corporate leaders in the United States will be evaluated.
Corporate misconduct has been an ongoing issue for business in the United States and worldwide. This misconduct is said to be related to a frightening …show more content…
In “The Welch Way,” Suzy Welch argues that business is a source of America’s greatness by saying, “Business is a huge source of vitality in the world and a noble enterprise. Thriving, decent companies are everywhere, and they should be celebrated” (Welch pg. 100). Benefits of business include the creation of jobs, revenue achievement for government, and a platform for America’s free and democratic society. Despite some of the immoral tendencies of business, the benefit exceeds the risk and Americans should not be discouraged by the moral …show more content…
For example, when assessing the decision to make layoffs within a corporation, often the honorability of the layoffs are questioned. Layoffs are morally in question because layoffs are often made to increase profitability of a business at the risk of employee’s livelihoods. Ethical soundness is often situational, so deciding if a layoff is right or wrong is not always black and white. This is why teleological and deontological decision making theories can be of use to managers or corporate leaders.
Moral theorists argue that ethical judgements are functions of age and experience. They also argue that decisions differ depending on the gender making a decision. Men are said to approach morality in terms of justice. While woman on the other hand, approach decisions based on support and care. Men take an impersonal approach whereas women take relationships into account. The differences between the decision making tactics can inflict a negative stereotype which enforces that females are subordinate to
Corporate misconduct has been an ongoing issue for business in the United States and worldwide. This misconduct is said to be related to a frightening …show more content…
In “The Welch Way,” Suzy Welch argues that business is a source of America’s greatness by saying, “Business is a huge source of vitality in the world and a noble enterprise. Thriving, decent companies are everywhere, and they should be celebrated” (Welch pg. 100). Benefits of business include the creation of jobs, revenue achievement for government, and a platform for America’s free and democratic society. Despite some of the immoral tendencies of business, the benefit exceeds the risk and Americans should not be discouraged by the moral …show more content…
For example, when assessing the decision to make layoffs within a corporation, often the honorability of the layoffs are questioned. Layoffs are morally in question because layoffs are often made to increase profitability of a business at the risk of employee’s livelihoods. Ethical soundness is often situational, so deciding if a layoff is right or wrong is not always black and white. This is why teleological and deontological decision making theories can be of use to managers or corporate leaders.
Moral theorists argue that ethical judgements are functions of age and experience. They also argue that decisions differ depending on the gender making a decision. Men are said to approach morality in terms of justice. While woman on the other hand, approach decisions based on support and care. Men take an impersonal approach whereas women take relationships into account. The differences between the decision making tactics can inflict a negative stereotype which enforces that females are subordinate to