To approach a very complicated matter in a very direct manner, I feel the concept of critical thinking is an outlook for the thinking differences amongst people. The idea, “When everyone is thinking alike, no one is thinking” clearly proposes the need for critical thinking in people. There are many outlooks proposed by ideologists and leaders in the past regarding the diversity in thoughts and how it led to reconstruction of humanity and evolved into our current state of multiculturalism.
Although we pride ourselves on being at the other side of the fence, broader mind and advance brains, we are still trapped within the confinements of conventionalism and the limitations of rules binding us towards a certain sets of instructions to be followed when analysing and processing new concepts and thoughts. This so called modern world still perceives difference as contentious behaviour, negative impact and even destructive. Therefore the question brought to mind still remains, do we use critical thinking?
We often believe in identifying great minds but think about our history and be honest, haven’t we shown contempt for those whom think differently. Again and again, the human race has only glorifies martyrs for no one listens to those willing and alive afraid of the revolution and consequences of the difference in the thinking. Our disdain towards ‘new’ ideas is perhaps how we conformed to be the modernized versions of the cavemen. Can’t say we have reached far off from the start of evolution now, can we. To be honest, we can’t say that great minds thought alike.
No, for the greatest thinkers throughout history didn’t offer the same ideas. Nope. They offered different viewpoints. Take Columbus for instance, his thought of the “round world” when others were 110% certain that it was square and Galileo’s conclusions that the earth revolves around the sun instead of vice/versa we not same thoughts but they were in reference to a similar idea pertaining the advancement of mankind. We earthlings didn’t like being told that we weren’t the centre of the universe, so instead of being sent on a voyage to fall off the edge of the earth, Galileo was sent to his room for a very long time.
And the voices that have started movements, led scientific breakthroughs and developed technological advancements were small at first. But they sure had big ideas that gathered momentum. Mahatma Gandhi, the man who created the notion of ahimsa, an ideology to fight freedom not through mass weaponry but through non-violence. Rosa Parks didn’t follow unjust seating charts and inspired the civil rights movement. And JFK, with no assurance whatsoever, proclaimed we’d land on the moon within the decade and we made it in the nick of time. Look at conventional wisdom, and how much has been rendered wholly unwise.
Take the doctor who posited the unthinkable that germs could be spread between patients by doctors who did not properly wash their hands. The other doctors? They laughed and mocked him. But he was right and, to this very day, millions of hospital infections still occur each year due to the very basic problem of poor hand hygiene. So why, when history proves us wrong, time and time and time yet again! Do we place more value and more of our time on BIG voices rather than small? Moreover, why, when people question popular opinion do we label them contrarian or cynical, instead of opening our minds to different views?
History proves, it’s more likely that the voices that may seem small or “fringe” will change the world, start new trends and better the profession rather than those booming voices echoing their ideas to emanate faint reason. Critical in thinking calls for innovation in thoughts and it can only be truly cultivated when we break our barriers of being what we have been and march forward to be what we can be. Our right for voicing thoughts has always been supressed and we have always been thought never to question what is, but take a moment and ponder on this; If we had never questioned what is, could we be who we are?
Business Ethics 2 5 BUSINESS ETHICS 2 Student’s Name Class name Professor’s
Business Ethics 2 5
BUSINESS ETHICS 2
Location (City & State)
Task 6: Ethical issues of Oman Arab Bank
Being a bank that operates in a Muslim country, it is mandated to uphold deep ethical culture within its operations as well as its structures and relationship with its stakeholders. For instance, Oman Arab bank is a bank highly committed to corporate governance. This is to mean that the bank has a board of directors and dedicated teams that discuss important company issues. The members of this board are not tasked with the regular daily business rather than acting as custodians and advisors of the management where needed. This means that they can give unbiased advice to the teams to benefit the operations of the bank.
Another ethical issue is the bank compliance with the regulations. The bank is committed to complying with set regulations for players in the banking industry and it upholds strict measures through its legal advisors to ensure that it operates within the constraints o0f the law as laid down by the central bank guidelines (Weiss, 2014).
The bank also banks on its policies on transparency and disclosure to remain truthful and clear on its activities. Disclosing company financial reports is a good way of showing the public and stakeholders that it has faith in its operations and that the business is compliant with Taxation laws among other things.
Oman Arab bank’s operational activities are simply majored on the pillars of the banking industry including the lending of money to clients through loans, being custodian of customer property and finances and providing business support for its clients through the client relations department. It is their responsibility to help the clients make sound decisions and choices concerning investment and many other issues.
The ethical issues discussed above are essential to realize the operational activities of the bank. This is because all the feature of ethical code is geared towards improving the relationship with the customer as well as with the other stakeholders. Therefore, these ethical issues are there to moderate activities so as to effect the right business practices that will safeguard stakeholders interests. Through them, the bank stands firm in claiming an image that is desirable by customers both new and old.
Task 7: Objectives of ABC Company
ABC is a consulting firm that deals with offering client services promptly, efficiently and at a cost effective platform as a way of remaining relevant in a competitive industry. The company looks at the business as a very important aspect of its operation and works to ensure that it reaches its objectives through its initiatives. Being one of the oldest in its industry, the company has been committed to continue pioneering services to its clients through excellence and transparency. Their objectives center on service delivery, adaptation of employment trends in the markets, partnerships and growth of the overall company entity. These are realized through the observation of several set and distinct ethical requirements which help the company to operate within the provided regulations as well as the default considerable amount of care to the stakeholders (Stanwick & Stanwick, 2013).
Some of the ethical considerations of this company include the proper employment procedures. These include the compliance to minimal wage provisions, the working conditions and compensation of employees. The company also has an image to protect and to achieve this they must work on a genuine and honest campaign in medium such as marketing, public relations and corporate social responsibility projects which play a major role in telling more about the amount of care the company has extended towards its stakeholders in the society. Tax compliance and audit is another essential element in the company’s operations (DesJardins & McCall, 2014). It should publish al the required information publicly so as to educate its stakeholders about the commitment to legal, transparent operations.
In the quest of trying to meet the objectives, many companies find themselves between the legal aspect and the success of the company. It is not strange to see companies compromise on ethics so as to try and achieve leverage of the performance of the company towards meeting its objectives. Therefore, it is easy for ABC Company to find itself in this situation. To avoid this, it is advisable that the management works closely with the authorities and auditors so as to detect and correct any emerging ethical issues to operate and drive the business towards a safe and legal playground.
Task 8: Mohammed and Mohammed
Mohammed and Mohammed being a global firm with a global focus place it on the radar of ethical responsibility across cultures. The company has operations in different regions and this means that its stakeholders across the board look up to the management to uphold high standards of company ethics as well as industry regulations to deliver. The customers remain the most priced stakeholders of this company because without the business developed from them, the company would be in operation. The regulatory bodies including the government and other industry players related to the business such as suppliers and the media. The people around its area of operations are also very important stakeholders. They are the neighbors of the company and may be viewed as the society in general. Their significance in essential in this because they measure the company’s image through its operations and allow of care and dignity in its operations (Hartman, DesJardins, MacDonald & Hartman, 2014).
These stakeholders are essential top the M&M Company because they act as the measure of what is ethical and what is not. Fore instance, the customers are the main pillar of the business and therefore deserve to realize that the company is operating ethically and within the set regulations so as to transact or conducts business with it, the regulatory authorities also are very crucial in the company’s ethical being. The regulations are set to govern the company’s play in relation to the set industry standards. The authorities therefore have an influence ion the company’\s ethical status because they determine the codes of ethics acceptable to operate within. The third stakeholder ids also significant because through the company initiatives, the society is able to judge the company based on the spec and frequency. Companies who participate in CSR are more likely to be rated above the ones that do not involve themselves in community support programs.
DesJardins, J.R. and McCall, J.J., 2014. Contemporary issues in business ethics. Cengage Learning.
Hartman, L.P., DesJardins, J.R., MacDonald, C. and Hartman, L.P., 2014. Business ethics: Decision making for personal integrity and social responsibility. New York: McGraw-Hill.
Stanwick, P. and Stanwick, S.D., 2013. Understanding business ethics. Sage.
Weiss, J.W., 2014. Business ethics: A stakeholder and issues management approach. Berrett-Koehler Publishers.