5487188 Business Ethics and Corporate Social Responsibility

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School

Chamberlain College of Nursing *

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1510

Subject

Management

Date

Nov 24, 2024

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docx

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3

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Surname 1 Student's Name Instructor's Name Class Name Date Business Ethics and Corporate Social Responsibility Ethical issues in the workplace usually occur when an individual faces a moral dilemma that needs to be resolved within a corporation. One ethical dilemma I faced a month ago was I observed suspicious behavior from a colleague engaging in fraudulent activities, including manipulating financial records and mishandling financial transactions for personal gain. I also found evidence confirming that the colleague was embezzling company funds. This information made me have an ethical dilemma of whether to report to the responsible person or turn a blind eye to the situation. I was hesitant to take up the issue with our supervisors due to fear of potential consequences such as the employee's job termination, retaliation from the colleague, or strained working relationships with other colleagues. However, on the other hand, failure to report the incident would have also had adverse effects on the company and its stakeholders. For instance, embezzlement could lead to financial loss or damage to the company's reputation. To address my ethical issue, I brought up the issue with my immediate supervisor, who I believed would effectively handle the situation. I chose my supervisor because he was in a position of authority and was tasked with ensuring the integrity of the company's financial operations. Before speaking with my supervisor, I obtained sufficient information and evidence to support my claims and ensure my concerns were well-founded. One of the steps I took to protect myself once I decided to speak up about the unethical situation was documenting all the evidence I gathered, including specific incidents of suspicious behavior and the date and time they happened. Recording this information and keeping copies is a safeguard in case any disputes and repercussions result from the disclosure (Gallo). After analyzing the possible consequences for all possible decisions, I would have made in this case, taking up the embezzlement issue with my supervisor was the right course of action. The positive effects of this decision outweighed the possible negative repercussions. Moreover, the decision is aligned with the company's policies and procedures for handling ethical concerns and ensures that the appropriate authorities address the issue (Bogaev). Furthermore, other courses of action, such as ignoring the issue or confronting my colleague directly, are less appealing because they could potentially create further damage or fail to address the situation effectively.
Surname 2 This situation taught me the importance of speaking up about ethical issues in the workplace instead of justifying or rationalizing unethical behavior. In the future, I would approach a similar ethical issue by reporting suspicious behavior and following the proper channels for addressing such concerns.
Surname 3 Works Cited Bogaev, Barbara. "The Psychology Behind White-collar Crime." KCRW . Gallo, Amy. "How to Speak Up About Ethical Issues at Work." Harvard Business Review , 4 June 2015, hbr.org/2015/06/how-to-speak-up-about-ethical-issues-at-work.
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