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UNCC100 Self And Community

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UNCC100 Self And Community

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Course Code: UNCC100
University: Australian Catholic University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Question:

Write an Op-Ed (opinion-editorial) that allows you to demonstrate an understanding of how issues relating to the dignity of the human person and the realization of the common good may be addressed by you in your professional practice now and in the future.
You will need to select excessive profit from the list below that relates to the degree program you are studying and write a concise but persuasive opinion piece on this issue relating to the dignity of the human person and the realisation of the common good that relates to your future professional practice.
List of issues

unaffordable health care
health/wellbeing as a human right (violations)
nonqualified commentators/advisors giving advice on people’s health
the “lethality” of loneliness (and isolation)
failing to “close the gap”
cuts in government funding for education
unaffordable education
the task of education (overcoming racism, ageism or sexism)
excessive profits (business contexts)
alienation on social media networks
criminal “youth gangs”
plastic in the (human) food chain

Answer:

A company’s major goal is to make the highest profits as much as possible as this is the driving force behind the running of any business. Most of these companies get their profits in an ethical manner (Smith, 2005). However, there are some companies that extort their customers to make excess profits, without taking into consideration that it needs to make only maximum profits. Most big companies today make huge and excessive profits in their daily business activities. It is evident that most of these companies make these exorbitant profits without considering how their customers have suffered to raise the sum of money that they pay them. This goes against the dignity of the human person and the realization of the common good.
The objectives of most firms are to maximize the competitive profits. However, when the profits are being distributed in the system to achieve the targeted system of distribution, the owners and managers of every firm need not keep what is beyond the profits that are considered “normal” as Maritain (2006) claims. In most organizations, these profits do not necessarily mean that all the shareholders will benefit from it. Additionally, it does not mean that this profit will go back to the consumers who took part in raising these profits (Reamer & Proquest Ebook Central (2013). This goes against the doctrine of the common good and realization of human dignity.
Companies must come up with prices that are a true reflection of the social costs as well as benefits. I order to run away from the immoral concept of excessive profits these companies ought to take into consideration the social costs and benefits that the profits will have on its customers (Solomon, & Lo,n.d.).  Companies normally seek to make these profits without thinking about their customers. This means that they do not look at how these consumers or customers are affected by their overcharging. These business organizations are inconsiderate on how the customers have struggled to raise the sum of money or resources that they, in turn, extort from them. Let’s say, for instance, that a certain company has sold a product to a customer who has struggled to get the money because he has been retrenched by his employer. The implication is that the business organization has made profits but has not considered how this customer suffers (Ali, 2014). The common goods require that whatever you do should take into consideration the welfare of others. The business organization does not take into consideration what the customer is going through in his life.
Excess profits do not necessarily mean that the shareholders will get an excess of this share. There are cases whereby companies make excess profits that do not get down to the shareholders (Maritain, 2006). Let us take an example of a company that makes $100 million in a given financial year. The sum profit shall be displayed on the business accounts. However, this is not going to be reflected in the shareholder’s account (Plate, 2010). This is because most of these companies or businesses do not take into consideration the fact that these shareholders ought to take part in the process of sharing these profits. This means that excess profits for a company do not necessarily mean excess earning for the shareholders (Carroll & Buchholtz, 2015). It follows that the management of the company or business organization does not put into consideration the welfare of the shareholder; neither does it considers what the customers are going through.
In a nutshell, the case of excess profits can be summarized in the concept that the common good is far much superior to the private good. As the doctrine states, a cause becomes greater as it spreads its casualty to create more effects (Maritain, 2006). It shall be good if the management or the stakeholders in a business organization or a company would spread the concept of humanity to both the customers and the shareholders by not inflicting any form of financial injustice to them. This is what is meant by the dignity of the human person and the realization of the common good in this context.
References
Ali, A J (2014). Business ethics in Islam. Cheltenham : Edward Elgar Pub. Ltd
Carroll, A B, & Buchholtz, A K (2015) Business & Society: Ethics, sustainability, and stakeholder management. Australia: Cengage Learning.
Maritain, J. (2006). The person and the common good. Indiana: University of Notre Dame Press.
Plate, T (2010). Confessions of an American media man. Singapore: Marshall Cavendish Editions.
Reamer, FG, & Proquest Ebook Central (2013) Social work values and ethics. New York: Columbia University Press.
Smith, M. A. (2005). Human dignity and the common good in the Aristotelian-Thomistic tradition. Lewiston: Mellen University Press.
 Solomon, D., & Lo, P. C. (n.d.). The Common Good: Chinese and American Perspectives [recurso electrónico].

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