The Ethical Dilemma Of The Business World - 945 Words

This case presents an ethical dilemma that many people in the business world face every single day. I am being asked to deceive the company’s major competitor to gain advantage over them in their production of a new, high quality fax machine. I understand that this trickery is wrong, but still need a paying job to support myself. I am torn between staying true to my moral beliefs and doing what’s right for the business. Technology is very important in business. For companies who make money off of selling new and improved technologies to consumers, it is important to sell the best technology on the market. Corporate espionage has been a tool used by many companies to try and gain insight into the successes, failures, research or strategic plans of competitors. Technology has opened the gates to allow unethical behavior. In many instances, spying has been through face-to-face communication, physical spying, bribery or similar techniques. Before approaching this situation , I should draw upon some ethical frameworks for decision-making. The first step in doing so is recognizing the ethical issue at hand. I am fully aware that it is wrong to spy on other companies to gain information. My decision could be very damaging to the other company, possibly even putting them out of business. I do not want to hurt others, however I do not want to hurt my career that I have put a lot of hard work in to reach this point. The ethical issue is not illegal, however it is a decision aboutShow MoreRelatedA Sticky Situation Is The Ethical Dilemmas Of The Business World And How Ethical Theories Can Provide Various Solutions1574 Words   |  7 PagesA Sticky Situation is a case that exemplifies the ethical dilemmas individuals face in the business world and how ethical theories can provide various solutions. In this case, Kent Graham has been an account manager at Dura-Stick Label products for two years, a deserved forerunner in the industry of label converting for du rable-products. Although Kent was hired with 10 years of previous experience in label converting, his work at Dura Stick has not been up to par with the company’s reputation. DueRead MoreEthical Issues Of Business Environment850 Words   |  4 PagesUnder present day business environment, companies can face a number of ethical issues that require making hard and often dissatisfying decisions. In this context, it is necessary to mind ethical norms as well as results of actions taken in order to keep the efficient communication across companies and keep the right balance in communication with colleagues, subordinates as well as mangers (Horton, 2015). 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The way people think and behave, their sense of right and wrongRead MoreMoral Dilemmas673 Words   |  3 PagesMoral Dilemmas Moral Dilemmas Introduction Moral dilemmas are situations, which cause conflicts, and the decision made, can breach one or another principle or claim. The action taken by the subject can be something wrong or something undermining another option. Dilemmas cause conflicts where the subject has to settle on the appropriate action to be followed for certain options available; hence unable to decide the course of action to pursue. They are moral dilemmas because they conflict withRead MoreAccounting Ethics677 Words   |  3 Pagesfor assessing right and wrong. Professionals operating in the business world usually face ethical dilemmas, which are situations where a person or group is faced with a decision that tests the moral system or code. While most of these dilemmas are easy to identify and resolve, they come with temptations that test a persons or groups ethics. Similar to others operating in the business world, accountants experience some ethical dilemmas that are complex and difficult to resolve (Langenderf er RocknessRead MoreEnrons Ethical Dilemma1118 Words   |  4 Pagesï » ¿Enrons Ethical Dilemma: Ethical and moral issues have received substantial focus in the modern society because of the recent cases in which huge corporations with big profits and earnings have faced bankruptcy. Enron is an example of corporations that have faced bankruptcy in the recent past because of the numerous problems it had with federal and state governments for manipulation of financial statements. While these problems are not only attributed to organizational issues, accounting firms