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 ExampleOn the other hand, in a for-profit placement, 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 minded(p) to another not-for-profit organization. at that place are however similarities between the two organizations. Both wish to accomplish objectives using management techniques and business tactics that are masculine 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 Gods commands. A person running a business based on divine command theory would want to use Gods commands to run the business where the employer will treat the employees clean as he want to be treated. For instance, if the business is producing running shoes and there is excess work rem aining for the day and allowed extra working measure has passed, the employer should let the employees go home. This is because in