Monday, April 22, 2019

Summary of chapter 8 - business ethics Essay Example | Topics and Well Written Essays - 1000 words

Summary of chapter 8 - business ethics - Essay ExampleThe look at provides the basic framework governing the reciprocal obligations between the employee and the firm. Underlying this reciprocal relationship are certain(a) ethical issues party truth and conflict of interest.a. Company loyalty is a long held concept. An employee is seen legally point of accumulation to be loyal to his/her employer, but extreme scan argues that an employee-employer relationship, which is based on self-interest, does not qualify for loyalty, since loyalty is based on a relationship that warrants unconditional sacrifice loyalty to loved ones or country. To view company loyalty as to safeguard and pursue the firms legitimate interest is chastely acceptable, but not morally required. To other employees, company loyalty could be a consequence of radical identification.b. Conflict of interest is another common problem confronted even by loyal employees, since basically employees and employers mould fr om different plane and perspective. This occurs when employees at any level have their own self-interest that collides with their job duties and as such could substantially provoke them to undermine their firms interest. Financial investments made by employees with the companys suppliers, customers or distributors are one of the most common sources of conflict of interest. Many cases of this type had been brought to solicit and had been proven detrimental to the interest of the company. Companies have their own policy regarding this to define what is permissible and impermissible. Since such policy affects the financial well-being of all involved, this should be subjected to open and free negotiations making it acceptable to all.2. Abuse of semiofficial position ranging from making subordinates take on tasks unrelated to the firm to the use of position for personal financial enhancement, privileges and advantage, always raises ethical questions, as this undermines employees obli gations

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