Question 2: Ethics, Values, and Social Responsibility
Instructions: Ethics has been broadly defined as concerning certain issues or situations as being fair/unfair, right/wrong, or just/unjust according to the values adopted by a given culture or society. These values act as the acceptable standards developed and nurtured by society. As societies have developed and become more knowledge-oriented and socially alert, the need for social responsibility has increased. According to Davis and Blomstrom (1975), social responsibility is “the obligation of decision makers to take actions which protect and improve the welfare of society as a whole along with their own interests” (p. 39).
You have studied a variety of social problems and issues.
• Identify and discuss the top five (5) ethical issues confronting your field of study.(MANAGEMENT)
• After you have briefly addressed each ethical issue, then rank them according to the literature in your field of study and/or by the importance placed upon them by the current media. As you rank them, please document your sources and justification for the ranking.
• Analyze each ethical issue according to its impact on the field, relevance to the current and future stakeholders in the field, and make any and all recommendations for improving such ethical issues, situations or dilemmas that impact your field of study. During this analysis, please consider the issue of social responsibility and how leaders in your field have addressed these ethical issues.
ETHICS, VALUES, AND SOCIAL RESPONSIBILITY Studentâ€™s Name: Professorâ€™s Name: Course Title: Date: Ethics refers to a structure of moral principles that affects how different individuals make decisions. Basically, it is concerned with what is best for the society and individuals. There different ethical issues faced by people in the field of business especially management. The different ethical issues are ranked in the following order: 1 Equity, 2 Rights, 3 Honesty, 4 Corporate power, and 5 Governance. Equity rights can be seen in employeesâ€™ behaviors are one of the ethical issues in management. For instance, it involves factors such as, can an employee have time to do her personal stuff such as reading their mails. Secondly, how can a manager tackle claims of harassment and when can a manager promote an employee (Jamnik, 2011). To add to employee behavior, there are several ethical matters that the business fraternity needs to consider. For example, the employers must compensate the employees for all the time they have spent working. If employees work for extra hours they should be paid for the extra time. Employers should ensure that employees work under conditions that are safe for them. For example, wearing safety clothing when employees are handling harmful chemical