Unit 3 - PE - V1.0
Unit 3 - PE - V1.0
ETHICAL DILEMMA
3.1 INTRODUCTION
Ethics is a terminology that focuses and covers on the study of the nature of
morals and behaviours.
An ethical dilemma is a broad term which occurs when someone chosen
different conflicting steps and actions. Most of the decisions provide clear
answer for what is right and what is wrong. To solve it, we have to choose the
alternative that avoids obviously unethical or illegal behavior.
There are four different ethical dilemma principles followed in the
business environment:
1. xxxx
2. xxxx
3. xxxx
4. xxxx
Table 3.1
Ethical Dilemma
Explanation
Paradigms
Truth vs. loyalty Truth provides the real and correct information about
something while loyalty explains doing or saying
something to please the receiver.
Short-term vs. Short-term concerns are defined by the satisfaction of
long-term current needs to preserve the possibility of a future. Long-
term concerns are associated to the projection of future
interests which can able to meet future required needs.
Individual vs. Individualism explains the rights of a person must be
community preserved. Social concern automatically emerges when
every individual concentrate on his own interests.
Community means that the needs of the community prevail
over individual interests.
Justice vs. mercy. Situations where justice conflicts with mercy often stem
from the need to deal with a wrongdoing, such as fraud or
theft. Instead, this ethical dilemma focuses on managing
the consequences or punishment of the misconduct.
One must act out of prudence to take a better decision even though many
of these ethical choices involve conflicts...
Ethical dilemmas are especially noteworthy in professional life. They
are significant recurrently occur in the companies and organizations. Some
Business companies and professional organizations (e.g., CFA) may follow
some business standards of their own companies and violation of these
standards may lead to disciplinary sanctions. They always stick on to their
own codes of conduct and ethical standards to attain more profit.
Almost every aspect of professional setting which is not following the
rules of the company can generate a possible ground for ethical dilemmas. If
the relationships with co-workers, management, clients, and business partners
are not genuine relationships then there will be ethical dilemma.
People’s inability to determine the optimal solution to such dilemmas
in a company may result serious consequences and it may be common in
companies. These violations may affect the values of benefits and profits.
In order to solve problems arises related to ethical norms, companies
and organizations should develop their ethical standards for their employees.
Every company must solve its ethical problems by following ethical standards
very carefully. In addition, companies may provide ethical training experiences
for their employees.
1. Religious conviction:
Religion is the oldest source of ethical inspiration and every common religion
creates and develops its own code of conduct. There is almost 1, 00,000
religions which are followed by many people around the whole world. All
these religions have framed their own fundamental principles to follow. Every
religion tries to provide their followers what is evil and what is good. Specific
code of ethics is followed both in work environments and other activities of
life circumstances.
All the religions are focusing on the main principles of mutuality and
reciprocity towards human beings. Great religions sermonize the necessity of
the code of conduct, code of ethics for an ethically sound social system. Every
religion develops its own rules and regulations to emphasize upon the social
responsibilities with an objective to contribute to the general welfare.
3. Commandments:
The Law and legal system of any country guides and enforces the human
behaviour in the society. The Rules and regulations of ethics define the binding
on the society. The society expects every business to abide by the standards
of ethics. Although it is expected that every business should be law abiding,
seldom do the businesses adhere to the rules and regulations. Law breaking in
business is common e.g. Tax elusion, advertisement, adulteration, poor quality
& high priced products, environment pollution etc.
public. Perceived social uprightness and moral values can win the employees
more than any other incentive plans and good salary.
Table 3.2
Fig. 3.1
REVIEW QUESTIONS