Cases on Business Ethics
Government rules regulate the conducts of companies, compelling them to comply with the law and also maintain good social conducts. However, the argument about the role government plays in the promotion of ethics is highly contestable (Breslin, 2017). I am of the opinion that the existing laws and guidelines highly regulates ethical behavior in different corporate entities. The promulgation of laws to regulate the activities of companies is the only means by which business ethics can be upheld (Breslin, 2017). There have been records of unethical behavior in many firms over the years such as tax invasion, self-dealing, and fraudulent activities (saft, 2009). However, the present laws do not promote this unethical behavours and have placed heavy sanctions on these unethical activities. Therefore, the main force behind ethical behavior is evidently the existence of the legislation that discourages them. I believe that this position is sustainable as a state with no laws to govern the operations of a firm will have no say over the behavior of the firms. Consequently, companies will act unethically knowing that there are no legal repercussions of their actions.
When in Malaysia
The rules and regulations regarding how business work varies with countries and cultures. The ethical issues that I would consider would be ethical relativism and rational thinking. Ethical relativism suggests that societal difference is the leading cause of the lack of a rational means of determining the state of morality of an action. The colleague who gave an advice that whenever someone goes to Rome, he or she must conform to the roman way of life may have used this theory in his reasoning. However, ethical relativism must never be applied in making business decisions ("Ethical Relativism and Business", 2012). Therefore, I would take rational thinking to guide my cause of action.
References
Breslin, C. (2017). Role of Government in Business Ethics. Smallbusiness.chron.com. Retrieved 16 February 2017, from http://smallbusiness.chron.com/role-government-business-ethics-65128.html
Ethical Relativism and Business. (2012). Rationale of Everything. Retrieved 16 February 2017, from https://rationaleofeverything.wordpress.com/2012/09/03/ethical-relativism-and-business/
Saft, J. (2009). Ethics without regulation won’t cut it. Reuters. Retrieved 16 February 2017, from http://blogs.reuters.com/great-debate/2009/01/30/ethics-without-regulation-will-not-cut-it/
Theory Of Ethical Relativism. (2017). Zeepedia.com. Retrieved 16 February 2017, from http://www.zeepedia.com/read.php?theory_of_ethical_relativism_business_ethics&b=40&c=3
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