In his book “Ethical Issues in Business: A philosophical Approach” Thomas Donaldson et al, offers an incisive and searing diagnosis of various ethical theories in real-life business practices. The writer provides numerous sample readings and case studies to invoke the readers moral reasoning in dealing with the varied ethical challenges faced in the organization. As observed in his story collection, he manages to offer the best ethical books of its own time.
Business Ethics Sense, (Sen p. 256-263)
In this section, Amartya Sen provides an elaborate sense on the importance of business ethics in the production and distribution in an organization. Sen critically analyzes the historical approach of business ethics and finds its roots in the ancient Greeks and Indians. He finds that the economists of an early age found business as a practice that required ethical reasoning. He denotes that the ancient concepts ethics to be quite crucial for the current production and distribution. He quotes Adam Smith`s concept of “self-interest” as the crucial motivator of exchange in business. Through this approach, Sen realizes that business ethics is quite crucial exchange operations that comprise of production and distribution. Further, he believes that both the distribution and production problems are mainly related to ethics and may be solved through proper ethical approaches.
Competitive Environment (Frank p. 264-273)
In this section, Robert H. Frank exposes us to the question whether a socially responsible firm may thrive in a relatively competitive environment. According to their study, Frank acknowledges cooperation as one of the best ideas for business success in a relatively competitive environment. On his analysis, Frank realizes that a firm needs to narrow its interest in taking part on social responsibility in order to thrive well in a competitive environment. This move will not only help the organization to grow but also the society at large. This trend enlarges the mutual responsibility between the organization and the community. The format also encourages moral sentiments within the organization.
Managing for Organizational Integrity (Lynn Sharp Pain p.274-286)
In this article, Lynn Sharp Pain provides an incisive and comprehensive advice to managers in matter concerning ethics in management. He reminds managers that Ethic is all that management entails. He believes that a manager who fails to institute systems and provide better leadership that facilitates ethical conduct within the organization is responsible for co-operation misdeeds. He advises the managers to acknowledge their role in creating a climate that can strengthen the organization ethics, reputation, and relationships. The associate professor continues to advise that integrity based approach of management that combines law and ethical behavior are the best managerial format that every manager should adopt. Therefore, every organization should be committed to providing the best code of conduct and mechanisms of maintaining ethical standards in order to prosper.
Neemix Patent case study presented in this section is regarded as the most promising plant that may benefit everybody across the globe. The Neemix a pesticide product made from the Indian neem tree seeds is regarded as a benevolent product that gained W.R Grace and Company enormous profits provided farmers with the best means of fighting pests. The product makes a gross return of about $ 5 billion annually to the company. Further, the active ingredient in Neemix referred as the azadirachtin has the capacity to fatally harm more than 200 species of insects.
