SCHOOL OF BUSINESS

ASSIGNMENT COVER SHEET

STUDENT DETAILS

Student name: TON DANG QUANG CHIEN Student ID number: B1011715030

UNIT AND TUTORIAL DETAILS

Unit name: ACADEMIC ENGLISH Unit number: S318WSB-1

Tuesday & Thursday
Tutorial group: Tutorial day and time: from 1pm- 4:15pm
Lecturer or Tutor name: Alan J Hartnett

ASSIGNMENT DETAILS

Title: Final Draft Individual Essay

Length: 2000 Due date: 28/11/2018 Date submitted: 28/11/2018
Home campus (where you are enrolled): 79 Nguyen Dinh Chieu, district 3, HCMC

DECLARATION

I hold a copy of this assignment if the original is lost or damaged.

I hereby certify that no part of this assignment or product has been copied from any other student’s work
or from any other source except where due acknowledgement is made in the assignment.
I hereby certify that no part of this assignment or product has been submitted by me in another
(previous or current) assessment, except where appropriately referenced, and with prior permission
from the Lecturer / Tutor / Unit Coordinator for this unit.
No part of the assignment/product has been written/produced for me by any other person except
where collaboration has been authorised by the Lecturer / Tutor /Unit Coordinator concerned.
I am aware that this work will be reproduced and submitted to plagiarism detection software programs for
the purpose of detecting possible plagiarism (which may retain a copy on its database for future
plagiarism checking).
Student’s
signature: TON DANG QUANG CHIEN
Note: An examiner or lecturer / tutor has the right to not mark this assignment if the above declaration has
not been signed.

ARO 00380 08/15

CUTURAL DIVERSITY 1

Final individual essay

Van Thanh Dat

WSU-K44

August 2nd, 2019

Mr. Douglas M. Foster

CUTURAL DIVERSITY 2

“There is no such thing as business ethics. There is only one kind - you have to adhere to the

highest standards” (Marvin Bower). What do you think about this statement? Give your

opinions in an academic way.

Nowadays, for the company or the businessman, making more profits are not their

only goal because they should pay attention to other important problems. Therefore, business

ethics arise as very important for contemporary culture and modern corporations.

Furthermore, if they make business ethic choices, then these businesses will have a strong

reputation. This can be very helpful for the long-term. Ethics are not merely a glorified

intellectual game, of no practical significance. By practice, everyone can become an ethical

person; great at being truthful by habitually saying the truth; frank by always attempting not

to be dishonest. There's nothing concrete about business ethics. It is merely another

instrument to assist the practical business man or female deal with the endlessly recurring

moral dilemmas of business life. A famous American business theorist and management

consultant - Marvin Bower (1903 – 2003) has a quote about business ethics, which is: “There

is no such thing as business ethics. There is only one kind - you have to adhere to the highest

standards.”. This is true, because even though ethical in business is good, but they also have

some negative side. So, to avoid that the companies must consider the right moves before

deciding to do something. In this article, there are three main parts, the first one is why

business ethics is important, the second one is the standard of business ethics and the last one

is what will happen if the company does not have ethical.

According to Twin (2019), business ethics are the study of suitable company policies

and procedures on possible contentious topics, including corporate governance, insider

trading, corruption, discrimination, corporate social responsibility, and fiduciary duties. The

law often guides business ethics, but at other times business ethics provides a fundamental
CUTURAL DIVERSITY 3

guideline that companies can choose to follow to obtain a government endorsement. So why

are business ethics important? Juneja (2015) mentioned in his article that ethical can satisfy

basic human needs. To be fair, everyone wants to work for a company that treats every

employee fair and ethical in every situation. Besides, business ethics can also increase the

reputation and stable development of the company. To support this, O’Brien (2018) showed

that Patagonia, Starbucks, H & M, and The Dr. Pepper Snapple Group are the four companies

that are very successful in ethical sourcing and manufacturing. Moreover, the business can

make a significant contribution to the communities concerning generating the products and

services that society wants. It also makes employment, paying taxes, and acting as an engine

for world development. In a 2008 global survey conducted by Quarterly shows that 50% of

business leaders believe that corporations create a largely or somewhat beneficial

contribution to society, while 25% believe that their contribution is largely or slightly

negative (Quarterly, 2008). Another reason is that business malpractice can cause enormous

damage to people, communities and the environment. For instance, because it made a

mistake, the BP gasoline business polluted big acres of the Gulf of Mexico in 2010 (Pallardy,

2010) or The Formosa Environmental Disaster in Vietnam in 2016 had made a hundred

billion tons of sea creatures were killed by water pollution (Trang,

2017). Business ethics can assist executives or decision-makers to enhance ethical decision-

making. Business ethics understanding can assist them properly identify, diagnose, evaluate,

and provide alternatives to the ethical issues and dilemmas they are deal with.

On the other hand, business ethics also have some negative side. The concept of

business ethics focuses on individuals ' moral or ethical behavior. It is in this sense that many

people raise instantly instances of individuals ' immoral or unethical behavior when debating

business ethics. However, this concept also includes the criticism of multinational

corporations using child labor or paying pitifully low salaries to staff to less developed
CUTURAL DIVERSITY 4

countries. Many company individuals are heavily affected by their religious convictions, and

the ethical norms have been taught as a part of their religion and apply these norms in their

company operations. Aaron Feuerstein is a prime instance of someone whose activities after a

fire destroyed almost all of his Malden Mills factory complex held his employees on the

payroll until he was able to rebuild. He has indicated often and publicly that he just did what

his Jewish faith said was the correct thing to do (George, 2015).