Non-Profit vs. For-Profit Ethics
PHI 445 Personal & Organizational Ethics
Instructor Tomeka Prescott
May 11th, 2015
Non-Profit vs. For-Profit Ethics
Ethics is a word we all hear often, whether it’s on the news, in class or at work, ethics is associated with the way people act. Being ethical is similar to being right or wrong. Ethics as is an organized analysis of values relating to human conduct, with respect to their rightness and wrongness (Fieser, 2012). So what do ethics mean in business? Ethics in business has the same meaning, except it applies to the operations of whole company including executive managers, employees, and stock holders. The decisions made by all of those mentioned affect the ethical sense of the company. If one level of the company acts in an unethical way, it will ultimately affect everybody. I am going to explain in this paper how ethics affects both non-profit and for-profit organizations and the differences between the two.
St. Jude Children’s Hospital is one of the best known Non-Profit organizations in the world. They are known for their tremendous dedication in helping to treat and find a cure for catastrophic diseases such as cancer. The research efforts of St. Jude Children’s Hospital have helped vastly in advancing the treatment and survival rate of these horrible diseases affecting children all over the world.
St. Jude Children’s Hospital was started as a research hospital by the entertainer Danny Thomas. Danny was experiencing hard times not getting much work and had a baby on the way. Danny decided he needed to go to church to seek guidance. Danny visited a church in Detroit and was so moved during mass that he placed his last $7 in the collection plate. With only a few cents left in his pocket Danny Thomas prayed to the statue of St. Jude Thaddeus, the patron saint of hopeless causes, for a way to pay for his upcoming medical bills. The next day Danny was offered a small part that would pay him $70.
Two years later after a small amount of success Danny Thomas was trying to advance his career again. He returned to the church once again and Danny pleaded that if St. Jude would show him the way and help him get back on his feet, he would then erect a shrine to the saint as a way to show him gratitude for helping him become a success. Shortly after Danny Thomas pleaded and prayed to St. Jude his career saw resurgence and landed him several big money rolls (Simone, 2003)
In the early 1950’s Danny and a group of his friends started working on the idea of opening a children’s hospital in Memphis Tennessee that would not discriminate against any child no matter the race, religion, sex, or financial situation,. Danny wanted to start a hospital that would never turn any child away. `
Spreading the word of his vision by 1955 Danny had a group of local business owners that wanted to help out with this great idea. Danny Started raising money with fundraiser shows with some of the top echelon talent of that era coming on board to help. Danny worked tirelessly spreading his vision and message trying to get the funds needed to make his dream come true. Falling short of his goals, Danny received the help he had been looking for in 1957.
Danny being of Lebanese decent got help from the Arab-American community. Over 100 representatives from the community got together in Chicago and formed the ALSAC otherwise known as the American Lebanese Syrian Associated Charities. This group was formed with the sole purpose to take over the fundraising efforts needed to make the St. Jude Children’s Hospital possible.
With the formation of the ALSAC, which is today’s second largest health care charity in the country, the St. Jude Children’s hospital became a reality on February 4th 1962 when they opened their doors before a crowd of 9,000 people in Memphis Tennessee.
The hospital when started was not only a great thing for disease research, but also went a long way in...
References: Carroll, K. A., & Ruseski, J. E. (2011). Modeling Internal Decision Making Process: An Explanation of Conflicting Empirical Results on Behavior of Non-profit and For-Profit Hospitals. Contemporary Economic Policy, 29(4), 510-523.
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