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I need some assistance with these assignment. ethical dilemma versus ethical lapse Thank you in advance for the help!
I need some assistance with these assignment. ethical dilemma versus ethical lapse Thank you in advance for the help! Having a comfortable working environment in the workplace is crucial to the output of any organization. Also, the organization will grow economically, if the output of all members is maximized rather than focusing on the output of one individual (LRN, 2007).
An ethical lapse is where the concerned individual makes wrong decisions that result in a negative outcome (Kurtz & Boone, 2011). An example of a situation that focuses on the ethical lapse is discussed below.
A friend of mine (Mark) worked in a company that deals with the provision of a mobile service network. He got information that the company was experiencing financial problems, and they were being forced out by the competition. Talks about the company being sold out to another service provider were undergoing. Mark informed his friends and relatives of the situation of the company and urged them to sell off their stock before the announcement was made public. The decision that Mark made was ethically wrong. Manipulation of stock sales based on internal information is a disadvantage to uninformed parties as they suffer great losses while the informed parties make huge profits. Mark should not have had informed his friends and relatives beforehand. He should have waited for the public announcement so that the losses could be distributed equally among the shareholders of the company.
References
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Bredeson, D., & Goree, K. (2012). .Ethics in the workplace. Mason, OH: South-Western/Cengage LearningBottom of Form
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Kurtz, D. L., & Boone, L. E. (2011). .Contemporary business. Hoboken, NJ: Wiley.
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LRN. (2007). LRN Ethics Study: Workplace Productivity. A Report on how Ethical Lapses and Questionable Behaviors Distract U.S. Workers. http://www.ethics.org/files/u5/LRNWorkplaceProductivity.
