Solving Ethical Problem Case Study Example | Topics and Well Written Essays - 1000 words

Solving Ethical Problem - Case Study display caseBen Garishon,a senior impart officer with first national Federal bank ,the second largest institute in Wyoming does non really understand what ethics ar when dealing with bank loans customers. This is proved by the fact that he puts the burden of the cost of sparkle to assess the collateral of loan application on boodle Whitton, a loan applicant. Ben further states that loan customers were obliged to donate prizes for annual fundraisers picnic. Shelby Grant, a loan officer feels that asking the customer to pay the cost of trip to assess the collateral and asking loan customers to contribute prizes to annual fundraisers as being unethical. As a result, Ben and Shelby are at loggerhead and this clearly brings out(a) the fact that ethical standards when dealing with customers need to be assessed and a solution found to avoid confusion and misunderstanding.The point of contention to loan department inside the bank is whether it is e thical to transfer the cost and obligations of the bank to the customers which brings out the problem as lack of understanding of business ethics by members of staff..Input lend department has been placing financial burdens to its customers on matters which the bank can carry out. This has raised ethical issue and has raised concern and misunderstanding between staff of the loan department. Some members of the loan department such as Ben Garishon is resistant to change about the new ethical issues facing businesses. He fears that change in finish the cost of trips to assess customers collateral go forth be costly to the bank and that the bank will not enough money for charity if it do not compel the loan customers to contribute prize to annual fundraiser picnic. Andrew law states, You dont get creative by staying in the same place and that is why failure by the organization to change has been left behind in ethics related matter and this is the bone of contention between Ben and Shelby. In the cause/ effect case of a problem, the cause of the problem is failure to apply ethics when performing business operations and this has several effects to the business, employees and the customers. According to the case, the problems are as a result of failure to accept changes in business ethics. The assumption by Ben is that the business does not have to maintain ethical standards as doing so is liable(predicate) to be costly to the business and since he is the senior loan officer, his decision are the best and does not consider the opinion of other members. Due to this fact, variation will arise between the members of the staff which is likely to cause disappointments to the customers as in the case where Shelby Grant refused to call customers to contribute prizes in fundraising picnic and his refusal to go and evaluate loan collateral. These problems can be solved through communion and constant education on changes in business ethical trends within organizations . solventThe best solution to tackle the ethical problem within the organization is through educating the staff about the importance of maintaining ethical standards within the business and allowing dialogue among different officials within the organization to iron out contentious issues and reach an amicable consensus on why and how to apply different ethics in business. finished education and dialogue, different view points will be considered and a solution obtained to ensure that all members comply with modern business ethical standards. This will as well enhance consultation before any decision is made.Swot analysis of educating staff on ethicsStrength Through ethics education, members of staff will be taught new information about ever changing ethical trends in business cycle and so they will be able to handle with any change without much problems.Weakness Since ethical issues within the organization are varied and ever-changing, education tend to be time consuming and or s o aspects of ethics are not likely to be covered.Opportunities Education will arm the staff with business ethics that will