Contemporary Management issue (waleed) Essay Example | Topics and Well Written Essays - 2500 words

Contemporary Management b be (waleed) - Essay ExampleThe Traditional theories of morality look into the aspects in terms of an absolutist view. Under this regime, the theories argon either claimed to be right or wrong. On the other hand, the Contemporary theories that are framed on ethics concentrates on the relativist positional views. The correctness of a given situation is determined by the prescriptive ethical theories (Warren, 2011). According to the views of Richard D. George, on the basis of Pluralism, the ethical theories can be conveyed in terms of 2 opposing patterns, Ethical Absolutism and Ethical Relativism. There are overly other types of theories colligate to ethics, they are possible action of Egoism Theory of Utilitarianism Theory of Egalitarianism (on basis of rights and justice) Theory of Non-Egalitarianism On the basis of the modern-day view, the ethical theories can be on Virtue moral philosophy Feminist Ethics Discourse Ethics Post Modern Ethics The theor ies of morality and ethics are somewhat similar to each other. or so of the morality theories are Moral Subjectivism Cultural Relativism Ethical Egoism Devine Command Theory Kantian Theory Contractarianism The case deals with the consciousness of the U.S. government over the health hazards caused due to cigarette smoking. It claims that the Gladys Kessler (U.S. District Judge) would claim a penalty of $280 billion from the famous tobacco companies such as, Philip Morris, Liggett and Reynolds. These companies would be penalized if they are found to knowingly tell on the public regarding the addictive nature and risks associated with smoking. It was noted that about 400000 Americans die yearly due to the health issues caused from cigarettes manufacture by these companies. This paper would concentrate on an aspect that deals with the duties that the modern organizations cater to their customers. In the later stage, the try out would focus on the different theories of dividing line ethics and morality. The theories in the course of the discussion would be related to the case study of the paper. The Duties to Customers from Companies In the contemporary world, the organizations are supposed to suffice three primary contrast goals. When describing about the duties of a company it is essential to shed light on the theories of business ethics. In easy terms, business ethics is often dubbed as the form of professional ethics or applied ethics which examines the ethical principles within a business environment. Moreover, it also appeals to every business aspect and is highly apposite to the organization as well as the individuals. Business ethics encompasses both descriptive and normative dimensions. Hence, business ethics plays a crucial role in shaping the duties and activities of the consumers towards the company. Similarly, the theory of stakeholder holds high relevance in the field of business ethics. It states that a company has equal real responsibilities towards its stakeholders, but the activities differ from one concourse to the other. (Source Elkington, 1999) As stated in the above diagram, the organizations must try to improve the state of environment, economy and society. This is as per the theory of Triple Bottom Line stated by John Elkington in 1999. This theory also states that the organization, by uplifting the societies, must try to bridge the gap between the poor and rich customers (Wright, 1995). However, ply to the social justice is the most essential factor that must be addressed by the