Financial Analysis

Throughout the course I have learned many things regarding managing ethics in personal life and professionallife. Ethics is individual belief, choosing among right and wrong.it systematically studies of moral ideas and goals (Zuehlke, 2005). We have learned about business should act ethically because it help because to reach towards its goal. The overall business houses progress and profit is concerns on the consumer perception and value. I too belief that organization should support for stakeholder and make good relation that result in the betterment of the organization. We too knew about the importance of philosophical approaches in personal and professional life.it did not teaches us for moral standard but lock for consumer welfare or society y welfare.(Hosmer,1988).we knew about different philosophical approaches and their importance in personal and professional life. Consequentialist theory is based on probable consequences of decision or action we take, similarly the deontological theory talks about the moral duties and correct rules and finally virtual ethics define that individual character shows the ethical thinking rather than rules in act. Moreover we learn about Treviño and Nelson's Eight-Step Ethical Decision Making ModelThat tells about key ethical issue, key facts, relevant obligation, possible consequences, possible alternatives, relevant stakeholders, possible alternatives, and guts. This all steps are important to find company or manager ethical dilemma. From different case like ford company and Starbucks learn about how to take ethical action. Company should not do unethical behavior or should not look short time profit, which will harm in long run. The customer satisfaction should first motive of the company.

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