Analysis of Personal and Organizational Ethics and Values between Assignment

Analysis of Personal and Organizational Ethics and Values between For-Profit and Not-for-Profit Organizations - Assignment Example On the other hand, in a for-profit organization, the organization is operated with the sole purpose of returning profit to its owners and are subjected to paying taxes (Business Dictionary, 2013). The distinctive feature between for-profit and not-for-profit organizations is for-profit organization dispenses profits to its owners while not-for-profit do not. Also, when it occurs that a for-profit organization becomes bankrupt or goes out of business, then its assets will be liquidated and the fund distributed to the shareholders or owners, while when a not-for-profit organization ceases to be, its assets have to be given to another not-for-profit organization. There are however similarities between the two organizations. Both wish to accomplish objectives using management techniques and business tactics that are manly applied in for-profit organizations. The not-for-profit organization that we will be examining is American Red Cross (2013), because it is well organized and has all the properties of a not for-profit organization. Walmart (2013) a for-profit organization will also be examined, because it houses all the properties of a for-profit organization. Both of these mentioned organizations are worth examining when looking at personal and organization or business ethics. There are three business ethic theories that we will observe. These include divine command, virtue and social theory. Austin (2006) describes divine command theory as a view where morality is in some way dependent upon God, and moral obligation entails obedience to God’s commands. A person running a business based on divine command theory would want to use God’s commands to run the business where the employer will treat the employees just as he want to be treated. For instance, if the business is producing running shoes and there is excess work remaining for the day and allowed extra working time has passed, the employer should let the employees go home. This is because in