Take a postition for or against the following proposition and justify your postition based on ethical
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Topic: Take a postition for or against the following proposition and justify your postition based on ethical theory and business needs: Conflicts of interests must always be avoided.
This question is again not be answered in one single sentence. First of all, it is important to explains what a conflict of interests is and, what is more important, how it may affect the business.
A conflict of interests can for example be: You work in a firm, that is doing research on finding a cure for a given disesase. Your company is able to find a drug that will be able to heal this desease, but it is also facing the fact, that it won't have enough money to produce the drug. However, they do not want to give their success to any other company, and that is why the decide to wait until their financial situation improves and then produce this drug.
Your friend, whom you have grown up with and who has always been loyal to you happens to have this desease. He keeps telling you, that he is going to die soon, and asks you every day how far your company's researches are. Now you have a conflict of intersts, what should you do, shoud you tell your friend and therefore maybe save his life, or should you be loyal to your company and not say a word?
Conflicts of interest arise almost every day...