Question
Assume the following two scenarios-
Scenario 1-
James works in the accounting department of a large firm. While going over the books for the past several months, James notices that somebody has altered the figures to increase earnings by several thousands of dollars. He defendants that the errors which are in the company's favour are too reliable to have been honest mistakes. He knows that he must report his findings through the company's ethics hotline. Though he worries that doing so will jeopardize his security as well as reputation with the company.
Scenario 2-
Mary possesses a small toy manufacturing company. One of her workers has noticed that one of the pieces on the most popular toy can detach from the toy. This could pose a possible choking hazard to young children who play with the toy. No customers have yet stated problems with the toy. Mary wonders if she must report the potential hazard before anyone gets hurt. Though, the recall would cost her company money as well as result in loss of sales during the busy Christmas season.
As the scenarios illustrate, making ethical decisions habitually requires a trade-off for an organization or individual. After a scandal results from moral wrongdoing, the proper course of action seems clear. All the same organizations continue to struggle with making ethical decisions on a day-to-day basis as they weigh the cost of making such decisions.
To prepare-
Choose a positive instance from the past ten years of a business organization whose leaders acted ethically when they encountered an ethical dilemma. Select, analyze as well as describe the ethical decision making and actions in the organization. By Day 7 of Week 6 submit a 4-page analysis of the ethical situation. Your analysis must comprise the following- An explanation of the moral framework applied by the organization to make its decision, counting support for your analysis from scholarly research
An inspection of both the positive as well as negative consequences of the decision, including the trade-offs that the leadership of the organization made in making their decision