29 Jun 2022

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The Fundamental Ethical Issues in Business

Format: APA

Academic level: College

Paper type: Research Paper

Words: 312

Pages: 1

Downloads: 0

Ethical dilemmas are inevitable in the business environment. For that reason, business managers are supposed to be extremely cautious when making decisions for the business. Both long-term and short-term decisions may affect the business either positively or negatively. Integrity is a vital business value that can guide business managers in making informed decisions that may positively impact the business in the long-run. According to Gostick and Telford(2003), integrity is a crucial factor for the business to succeed. The fundamental ethical issue in the presented scenario is integrity. Integrity involves telling the truth, without hiding or withholding any vital information. Evidently, Spenser lacks integrity, that is why he insists shifting sales from the second year to the first year project in a bid to make the impression that his cashflow predictions were accurate. By doing so, Spenser would be violating the business ethics which may further affect stakeholders. 

If I was a sales representative at Darby company, I would reject Spencer’s proposal since it does not reflect the ethics of the business. Kohail et al. (2016) states, a good business manager should be able to solve business problems and manage risks. Thus, I would never make uninformed decisions that may cause negative impacts on the business. Accepting Spencer’s request would make me an accomplice in breaking the rule of integrity. Moreover, accepting Spencer’s request would endanger my career. 

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If I were Spencer’s manager I would not hesitate to suck him, immediately I realize his dirty plans. Spencer’s recommendations for the business to approve the addition of a new product is not a bad decision. The problem arises when he tries to cover-up performance results of the first year. Giving false information may hurt the business. As the business manager, I would not tolerate unethical behaviors in the company. Spencer ought to have given the accurate data without altering anything. Accurate information would aid in making accurate decisions for the business. 

References 

Gostick, A. R., & Telford, D. (2003). The integrity advantage: How taking the high road creates a competitive advantage in business . Salt Lake City: Gibbs Smith. 

Kohail, Y., Saida, Y., Obad, J., & Soulhi, A. (2016). The Qualities of a Good Manager… What Does It Mean? Lessons Learned from the Undergraduate Business Students’ Perception in Kingdom of Morocco.  International Journal of Business and Management 11 (8), 86. 

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StudyBounty. (2023, September 16). The Fundamental Ethical Issues in Business .
https://studybounty.com/the-fundamental-ethical-issues-in-business-research-paper

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