There may be multiple problems that can be faced by any organization. Even, though, taking the cheque and keeping quiet is not the best decision in this case. IvyPanda. Other socio culture factors and its impacts. To do this, they have to do their work in ethically. Make sure you complete exercise 1.3. Change in Level of customer’s disposable income and its effect. External environment that is effecting organization. The theory states that a person should use the set rules to make any decision. It requires the consideration of the overall happiness of an action. The theory will help James decide what to do concerning his dilemma. Nature if industry in which organization operates. "Application of ethical theory." This strategy helps the company to make any strategy that would differentiate the company from competitors, so that the organization can compete successfully in the industry. It is very important to have a thorough reading and understanding of guidelines provided. The criteria’s on which business decisions are to be selected areas under: Alternatives should be measures that which alternative will perform better than other one and the valid reasons. SWOT for Applying Ethical Theories is a powerful tool of analysis as it provide a thought to uncover and exploit the opportunities that can be used to increase and enhance company’s operations. "Application of ethical theory." The parties include the stakeholders. In addition, it also helps to avoid activities and actions that will be harmful for the company in future, including projects and strategies. Initially, fast reading without taking notes and underlines should be done. Pest analysis is very important and informative. Therefore, this is a sacrifice he has to take in order to ensure that he maintains the trust he has on the people who give tenders. Is these conditions are not met, company may lead to competitive disadvantage. One is duplicating that is direct imitation and the other one is substituting that is indirect imitation. Therefore, foregoing the £10,000 will mean the growth of the business through the trust built by the company. IvyPanda. The first theory is the Utilitarianism theory. Ethics is the honorable deeds either right or wrong made by the business. Resources are also valuable if they provide customer satisfaction and increase customer value. Following are the potential factors that will influence the company’s competition: Sustainable position in competitive advantage. In the case, of James’ company; there is a variety of ethics that concern his business. This stipulates that James should not receive extra money from a contract. July 3, 2020. https://ivypanda.com/essays/application-of-ethical-theory-to-a-case-study/. After defining the problems and constraints, analysis of the case study is begin. It states rules that desist the individual from doing something negative that will cause harm to others. They have to maintain a healthy relationship with all these parties. Standards of health, education and social mobility levels. Ethical issues in business: inquiries, cases, and readings, Broadview Press, New York. Use particular terms (like USP, Core Competencies Analyses etc.) Taking the money may be a source of distrust among the people providing the tender. This is because both parties contribute to the operations of the company. Therefore, in-depth understanding f case guidelines is very important. Therefore, it is necessary to continually review the Applying Ethical Theories company’s activities and resources values. The Deontology theory and the utilitarianism are also useful in guiding an individual in such a dilemma. Melden, A 1967. According to the public tenders there should be no extra money paid to the contractor apart from the money pertaining to the transaction. The tender states clearly that no one should take more than what one earns. To generate the alternative of problem, following things must to be kept in mind: Once the alternatives have been generated, student should evaluate the options and select the appropriate and viable solution for the company. We will go over this in class and you will need to turn it in during class. Rare and valuable resources grant much competitive advantages to the firm. it is not possible for a company to not to take any action, therefore, the alternative of doing nothing is not viable. Applying this model to the case study as a social worker, core principles that could be considered as important for all situations include autonomy and independence (Icheku, 2011). The database is updated daily, so anyone can easily find a relevant essay example. The theory takes into consideration the outcome of … IvyPanda. The strengths and weaknesses are obtained from internal organization. Initially, fast reading without taking notes and underlines should be done. Ethical decision-making is the process by which one makes choices about ethical issues, based on a set of standards that separate right from wrong. Therefore there must be some resources and capabilities in an organization that can facilitate the competitive advantage to company. This is in accordance with the number of workers coming from the town where the project took place. this refers to the supplier’s ability of increasing and decreasing prices. Unique selling proposition of the company. Discuss how likely the proposed solution will foster professional collaboration. Initial reading is to get a rough idea of what information is provided for the analyses. There are two theories applicable in the case that James is currently facing. 1. These theories focus on the rights and wrongs of their actions. Building Maintaining Customer Relationships. And its ratio with corruption and organized crimes. Copyright © 2020 - IvyPanda is a trading name of Edustream Technologies LLC, a company registered in Wyoming, USA. Effect on organization due to Change in attitudes and generational shifts. Any new technology in market that could affect the work, organization or industry. Businesses have the obligation of providing goods and services to the public. To analyze the structure of a company and its corporate strategy, Porter’s five forces model is used. Prioritize the points under each head, so that management can identify which step has to be taken first. Your privacy is extremely important to us. As the most important objective is to convey the most important message for to the reader. Activities that can be avoided for Applying Ethical Theories. Changes in these situation and its effects. The enterprise is responsible for deciding and designing the ethics to use (Tittle, 2001 pp 147). Its focus is on the actions whose consequences will be beneficial to many and harm few. The theory takes into consideration the outcome of their actions and its effects to the stakeholders. It is recommended to read guidelines before and after reading the case to understand what is asked and how the questions are to be answered. Application of ethical theory to a case study vignette Application of ethical theory to a case study vignette Introduction Ahmed, a Middlesex University scholar, is employed on his position at a little trading business GreatBrands.com. This comes with different responsibilities to different parties. You can use them for inspiration, an insight into a particular topic, a handy source of reference, or even just as a template of a certain type of paper. IvyPanda, 3 July 2020, ivypanda.com/essays/application-of-ethical-theory-to-a-case-study/. Decisions needed to be made and the responsible Person to make decision. Even, though, it seemed unfair that I lost £10,000 in the previous contract, it would be unethical for me to collect the extra amount with the claim of covering up the loss. it deals with the ability of customers to take down the prices. Activities that can be determined as your weakness in the market. Therefore to select the best alternative, there are many factors that is needed to be kept in mind. Perform cost benefit analyses and take the appropriate action. The theory prioritizes the welfare of the stakeholders before any other thing. PHIL 222 Bryant And Stratton Ethical Theories in Medical Practice Case Study – PART 1. • Evaluate the case using TWO ethical theories. You will submit both of the following: The Utilitarian theory is useful in this situation. RARE: the resources of the Applying Ethical Theories company that are not used by any other company are known as rare. SWOT analysis helps the business to identify its strengths and weaknesses, as well as understanding of opportunity that can be availed and the threat that the company is facing. This essay will explore the ethical dilemma in Gifty case (Appendix1); while the case study will not be repeated, the specific ethical dilemmas will be outlined.