A 21st-Century Perspective - Business Ethics
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Question 1. Watch the video segment titled "Business Problems/Ethics." How does the globalization of business affect how you would analyze the ethical issues surrounding the use of child labor around the world?
Answer: In the given video segment with the title called the Business Problems/Ethics, it is clear how the ethical dilemma of child labor has always been an issue and the hurdle to overcome. Thought he child employed are morally set with the given wages at low prices or wages, still, it leads to the complication and simply results in the company facing compromised ethics, moral obligations to correct it and also stepping up to global standards abidance. Often there are complications such as lack of training, business ethics, which the business should ensure while hiring the outsourcing units in the third world countries, it would employ only blue-collar labourers (Business Ethics in the 21st Century. (n.d.). The other terms and conditions which should be set should be non-hiring of the children or the underpaid workers. All this has to be attained as it would only lead to the bad reputation and image of the company at a globally level. Not only the companies have to pay fines, penalties but they also fear the cancelling of a license to operate the business and customers share in the market.
Question 2. Watch the video segments titled "Temptations vs. Ethical Dilemmas" and "Resolution Principles." Discuss the difference between a temptation and an ethical dilemma in the context of an experience you have had and describe how you resolved the matter.
Answer: In the video of the Temptations vs. Ethical Dilemmas and Resolution Principles the main difference drawn in between them are the below-:
Ethical dilemma: is described as a conflict that exists between the 2 values and it is would be not the attainment of having both good or bad at the same time (Allhoff, 2016). It would be more fining correct morally correct, ethical and it would be a defensible resolution. Such as for example if the mother is dying the ethical dilemma would be to sell out the one on financial stocks or simply committing the crime of stealing or theft. The other is the moral temptation which is more about to fix the given situation of considering some unethical actions and it is actually knowing the action is wrong, but still one is obliged to do as it is tempting. It is always choosing in between the right in comparison to the wrong. It would be very few people who would be able to approve it.
Question 3. Watch the video segment titled "Future Business Dilemmas." Identify and discuss an issue confronting 21st century businesses today and explain how you would analyze and resolve the issue. For example, what questions and/or research would you employ, and on what basis would you make your determination?
Answer: In the video of the Future Business Dilemmas, the issue would be resolved through the face to face and with the clear legal oral and the written obligation which has to be abided by. It also has to oblige with sustainable solutions (Allhoff, 2016). For example, what questions and/or research would you employ, and lead to the compromised results. The future business should be on the basis of the training, developments, proper legal and compliance networks, which would help to attain the business results optimally. Any uncompromised results or ethics, it would help lead to the compromised image and the bad reputation. It is important to ascertain and abide by the given results. Customers and the important stakeholders always go by the company reputation before deciding on the products, services and investing in it. The dilemma should not compromise the company given framework and lead to the bad reputations and conflicts in delivering.
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