The Ethics Of The Ethical Issues - 1603 Words

When we look at the ethical issues, we can stream them into two categories that are the funder’s perspective and Livestrong’s perspective. The funders are in a dilemma whether they shouldcontinue funding and supporting the organization which in way has become so popular because of Lance Armstrong. Also, the other major point of discussion is whether it isethical for the funders to ask for their money to be returned considering the fact that the scandal took place in Lance Armstrong’s personal life and not within Livestrong. Now, if we look from Livestrong’s perspective, we can question whether it was ethical to completely cut ties with the founder of their organization. Utilitarian Approach: According to Utilitarianism, â€Å"an action is morally right if it results in the greatest amount of good for the greatest amount of people affected by the action† (Text Book). As this approach is based on the cost-benefit analysis, we shall be looking at the costs and the benefits involved to conclude whether or not this action would be ethical. Costs for Funder’s: †¢ The funder’s might be criticised if in case they remain associated with an organization whose founder and chairman was in the news for wrong reasons. †¢ The people in the market might not be able to differentiate Armstrong and Livestrong, which will lead to them thinking that the funder’s support the wrongful act of Lance Armstrong which might bring negative publicity to the funder. †¢ However, If in case the funder’s areShow MoreRelatedEthical Ethics And Ethical Issues1180 Words   |  5 PagesEthical issues in organizations are inevitable and are always on the horizon. These ethical concerns can directly impact the overall health of an organization in both positive and negative aspects. In order to be prepared for the ethical issues that will arise and to create an organizational competitive advantage, an intentional focus and effective communication of the code of ethics must be incorporated as a part of strategic planning. Sherwin (1983) indicates the that the term ethics, â€Å"refers toRead MoreEthical Ethics And Ethical Issues1311 Words   |  6 Pagesprovides readers with an in-depth analysis of ethical theories, legal and ethical issues which gives them an opportunity to practice real life ethical issues that are frequently complex and thought provoking. Readers are further implored to examine their personal, moral and ethical value syste ms and codes they work from in an attempt to assist them in developing an informed ethical conscience for making sound moral and ethical judgments. 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Ethics is usually based around a decision one makes to help us identify what is good and what is bad as well as guiding us on doing well and avoiding the bad. What’s more, ethics are like a code of conduct asserting moral guidelines, prevailing good behaviour. It’s also about relationships and how we treat others. There are many underlying ethical issues arising for instance,Read MoreEthical Issues Of Marketing Ethics1924 Words   |  8 PagesIntroduction According to Thomas Donaldson and Patricia Werhane, â€Å"Ethics can be defined as the study of whatever is right and good for humans.† Ethics are defined as rules of behavior, code of conduct, ability to distinguish between the good and the bad. In general, ethical marketing is a process through which an organization or a company sells its products and services by using the fair means of ethical principles there by creating a strong customer relationship resulting in an increased value of