Ethical dilemmas while running business

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Reference no: EM133943886

Question

1. As an entrepreneur, you need to be ethical as an individual as well as in your business behavior, since you will face both ethical decisions and ethical dilemmas while running your business. Describe either an ethical decision or dilemma you might encounter in a business that creates apps for cell phones. Explain your strategy for handling the decision or dilemma using the steps defined in the unit.

2. Ethical situations often arise within businesses. When they do, they typically fit within one of the following categories: bribes, conflicts of interest, conflicts of loyalty, or issues of honesty and integrity. Choose one of the ethical situations categories that require appropriate action. Define the category and provide an example. What makes it a challenge? How would you handle such a challenge?

3. Consumerism is a movement dedicated to protecting the rights of consumers in their interactions with businesses. How important is this movement to you as a consumer? How about as a business owner? Why? Explain your response to each question.

4. Imagine you work in a call center for a big bank. You understand that your employer has the duty to respect your privacy as an employee, but that duty may be impacted by company policies. How would you feel if you found out your employer was listening to your phone calls with customers and monitoring your social media accounts? Would your employer be following ethical practices or violating your privacy? Why or why not? Explain.

5. Suppose you are an entrepreneur with two partners. Upon reviewing inventory lists and sales transactions, you noticed discrepancies between what was recorded in inventory and the current stock, compared to what was sold during the previous month. An informant then reported that one of your partners has been stealing inventory and bragging about it to friends. What is your ethical responsibility as a business owner? What is your ethical responsibility to your other partner? How about to your company's shareholders? Discuss and explain.

Reference no: EM133943886

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