Business Ethics and Corporate Governance, Second Edition

SOURCES OF ETHICAL PROBLEMS

According to Keith Davis and William C Frederick⁵ ethical challenges in business take several forms and raise different kinds of ethical dilemmas. Ethical challenges and their attendant dilemmas may arise due to (i) failure of personal character; (ii) conflict of personal values and organizational goals; (iii) organizational goals versus social values; and (iv) hazardous, but popular products. Added to these, there may arise other ethical challenges when corporations cross boundaries and become multinational companies. Newer technologies, diverse religious, cultural and social beliefs, different economic systems, political systems and ideologies may bring in their own dilemmas and problems. The issues and problems ...