Define ethics as the actions or decision-making process used by individuals or groups within an organization to set boundaries on workplace integrity.
Response 1.) Jayne,
The two key ethics questions are:
What is your standard for right and wrong?Where does it come from?
Ferrell et al. (2022) define ethics as the actions or decision-making process used by individuals or groups within an organization to set boundaries on workplace integrity. And that as of late, business ethics decisions have been the focus of a wide variety of stakeholders like customers, employees, investors, government regulators, and special interest groups. The lack of ethics lowers a company\’s reputation and decreases stakeholders\’ trust, ultimately reducing customer satisfaction and loyalty. Studying business ethics allows the individual or group to develop sound approaches to evaluating various ethical dilemmas based on societal or legal issues that are not necessarily an individual\’s moral or principal beliefs.
Ruddell (2014) offers a secularistic and a theistic definition of ethics. The secular states that truth comes from within an individual and needs no theological or ideological sanctions. The theistical description is that truth and standards are unchanging and come from God.
Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2022). Business ethics: Ethical decision making and cases (13th ed.). Cengage. ISBN: 9780357513361
Ruddell, L. (2014). Business ethics – Faith that works (2 and ed.) WestBow Press. ISBN: 978- 1490853024
Response 2.) Michael
Ethical decision-making is a daily discipline for me in my organization. As a health care administrator, I have the role of steward, employee, and manager. Since the physicians own the business, which makes me a steward and an employee, they assigned me the administrator role, making me a manager also.
I make dozens of decisions daily in each of these roles, and almost all involve ethics. An implied covenant rather than a written contract defines my position at work, which affirms a more significant commitment to fulfill my responsibilities under the authority of God. Therefore, it compels me to view all my decisions in light of God\’s will as revealed in His word. In Matthew 7:24-25 we read the words of Jesus as instructions to all that claim to be Christians \”Everyone then who hears these words of mine and does them will be like a wise man who built his house on the rock. And the rain fell, and the floods came, and the winds blew and beat on that house, but it did not fall, because it had been founded on the rock” (ESV Study Bible, 2008).
My theistic view of business ethics is very relevant to contemporary issues in business ethics. The cultural norms accepted by the majority, at least according to the media, sometimes conflict with a biblical view of business ethics. For example, many insurance executives, healthcare administrators, and physicians agree that it is okay for physicians to assume financial risk for patient populations through capitation payment arrangements to control healthcare costs for the payers. However, this plan incentivizes physicians to withhold or defer necessary medical care so that they make a profit. Jesus pointed out in Matthew 6:24 that no one can serve two masters (ESV Study Bible, 2008). I am concerned that this financial model puts the physician\’s economic interests above the patient\’s health needs. Yet, I also acknowledge that the fee-for-service payment system generates the same potential financial conflict between the patient and physician. This example illustrates the principle that medical professionals should elevate the patient\’s healthcare interests above the physicians\’ economic interests.
ESV Study Bible. (2008). Crossway.
Requirements: 75words each
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