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P16MBA14 : Illegal Business Acts

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P16MBA14 : Illegal Business Acts

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P16MBA14 : Illegal Business Acts

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Course Code: P16MBA14
University: Victoria University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Question:
Often times we hear of or see unethical acts related to business, but due to the fact that they are not illegal, there is no penalty for the harmful act.For this week’s discussion,
describe an unethical business act that should become illegal.
Why should this act become illegal?
What would be the penalties for someone who violates this new business law?
Answer:

Describe an unethical business act that should become illegal
We need to establish the fact that something is ethical does not make it legal (Tom,2004) It is hard to figure out where to draw the boundary as far as distinguishing the two apart, as different state or nation shave various policies and stands that they may regard to illegal and unethical or vice versa. For example, if a company passes a law that only benefits the executives of the company and does not in any way contribute to helping the employees. This would be right in the eyes of the law, depending on what factors that were regarded in creating them. However, a company that does not consider the welfare of their labor force, the active role that the employees play in making sure the company is alive should be illegal according to my opinion. This is might usually be the case in private sector business companies (Ulrich & Thielemann, 1993). The executives can get prior treatment on;

   Better benefits and insurance
   Better health services
   Good working conditions
   Great legal representation

Why should this act become illegal?
 Access to this, without involving employees is unethical. What is the essence of a company heads benefitting without engaging their employees yet they work in the same place? If this is breached or violated, then the executive of the company will be held responsible for this as it will be seen as discrimination in the workplace (Young, 2018).
What would be the penalties for someone who violates this new business law?
It comes with consequences such as;
Imprisonment or fine payment
Payment to employees /settlement
Company dismissal
References:
Ulrich, P., & Thielemann, U. (1993). How do managers think about market economies and morality? Empirical enquiries into business-ethical thinking patterns. Journal of Business Ethics, 12(11), 879-898.
Young, C. (2018). Putting the Law in Its Place: Business Ethics and the Assumption that Illegal Implies Unethical. Journal of Business Ethics, 1-17.

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