The BMO 2004 - Business Ethics module enables students to incorporate moral values into their

daily lives while honing the abilities necessary to handle moral conundrums in the workplace.
As an undergraduate, I began the module with a foundational understanding of ethics that was
formed by outside sources, such as the Code of Ethics, which gave professionals a definition of
right from wrong. Morality also has a significant impact on a person's profile by helping to
discriminate between right and bad behavior. Understanding societal moral norms aided me in
determining the widely held views of society that determine whether an activity is ethically
right or bad. The moral analysis I do to determine the morality of an activity is based on the
factual information that is available, and it offers me the assurance to make ethically essential
decisions.
Consequentialist philosophies focused on how an activity turned out when defining right and
wrong. The understanding I gained of the ego demonstrated the actions of a person who hopes
for a positive outcome for herself. Most people act selfishly because they are more focused on
improving themselves and are motivated by selfish interests. Ethical egoists might be seen
acting for the benefit of the group's shared values in everyday activities.
Arguments opposing the ego principle are frequently acknowledged in real-world
circumstances. The psychological ego is viewed as a flawed notion because there are frequently
no self-serving goals. My own experience indicates that depending on the situation, the moral
ego may not always be a moral principle because there are instances when people violate
moral laws for their own selfish reasons. Studies on utilitarianism have demonstrated that
people act to benefit the bulk of society. Even though the course of action is incorrect given the
circumstances, it is permissible if it benefits the majority of those who are affected. The work of
philosophers like Jeremy Bentham and John Stuart Mill shows how crucial utilitarianism is to
advancing civilization.
Non-consequentialist theories, like Kant's Ethics, lay a lot of stress on elements besides
outcomes when judging the morality of a course of action. I was equally concerned with action,
according to Immanuel Kant's insight, in terms of categorical imperatives, which advocate
acting in a particular way regardless of the circumstance, in addition to consequences.
According to Immanuel Kant's idea, one should behave in a way that is accepted by all people
by acting in accordance with their thoughts. However, while adopting ethical theories, we could
become perplexed by moral quandaries as a result of interpreting incorrect behaviors as right
actions, even though they are supported by valid arguments.
I can distinguish the benefits and drawbacks of capitalism and socialism thanks to the
knowledge I learned during the third week. I can endeavor to solve the drawbacks of both
systems because Sri Lanka has a mixed economy that combines both capitalism and socialism.
State-owned enterprises with socialist characteristics must manage the defects of capitalism
such as inequality, social injustice, wasteful competition, and instability to improve incentives
for employees. In most private institutions, it is desirable to manage defects with intense
competition to reduce racial tensions, ensure social inequality and control disparities.
According to my research on CSR, it is regretful that CSR is solely used as a marketing tool
because the majority of CSR-engaged businesses are immoral. Dunhill, a cigarette manufacturer
that offers an unethical product despite engaging in CSR initiatives, is a good example.
Corporate ethical agency eliminates individual accountability and holds the business
responsible for management decisions that have a negative impact on the company's
reputation. So, the fourth week let me realize how crucial ethics are to management decisions
that reflect the organization. The learning objectives for week four state that businesses should
adopt a broader perspective of corporate social responsibility, one that includes stakeholders
impacted by business actions as well as profit maximization.
The challenges encountered by poor countries owing to immorality became clear to me as I
gained knowledge of the ethical dimensions of globalization, such as the absence of democracy,
negative consequences on economic and social equality, and a lack of distributive justice.

The use of corporate positions for personal gain, insider trading, bribery, and kickbacks by
corporate members were all noted as ethical difficulties in the workplace.
It was beneficial to me to conduct more research on corporate ethics theories as the critical
essay I submitted as a requirement for the module focused on the applications of the theories
to an ethical conundrum involving Nike. I evaluated a statement made by Nike CEO Phil Knight
in the essay that annoyed Nike customers. I also opposed Kaepernick's Nike ad campaign, which
was a protest against the treatment of black Americans by the police. As a consequence of the
analytical essay, I came to the conclusion that Nike has the chance to engage in social work
initiatives aside from supporting a demonstration against police violence against black
Americans because taking a stand on a divisive topic turns away customers. regarded as
unethical. Multiple-choice and short-answer quizzes are, in my opinion, the least useful
assessments for learning about business ethics theories. Because students have the opportunity
to do additional research through exams such as critical essays that expand their understanding
beyond the module topic. However, many students strictly limit their references during quizzes
to the study material presented in their learning management system.