Ethical Concepts in Sports

Ethical Concepts in Sports Student Name Institutional Affiliation Course Code Instructor Date Question 1 Business and sports ethics are closely interrelated, as both involve ethical decisions in professional settings. Several overlapping principles exist, such as the importance of honesty, integrity, and fair treatment of stakeholders (e.g., fans, players, employees). In the sports industry just like in business, there is the demand for quality and professionalism. These two usually point directly to individual character and personality. In the sports industry, owners, managers, and other decision-makers must navigate complex ethical dilemmas related to finances, marketing, and personnel management, much like their counterparts in the corporate world. These are dilemmas that demand an individual to call upon their personal beliefs to handle or tackle. Upholding ethical standards is crucial for maintaining the public's trust and the overall integrity of sports organizations. The collaborative approach emphasized in sports ethics, where all parties work together, also applies to the business world. Question 2 Sports can build character in several ways. Participation in sports teaches valuable lessons about teamwork, discipline, perseverance, and sportsmanship (View of NURTURING CHARACTER and EXCELLENCE: THE POWER of VALUE-BASED EDUCATION in SPORTS, 2024). These are the crucial components of any professional setting, be it as an individual or an expert in whichever field. Character is built through how one associates with people, and the team setup of sports illustrates this. Character is also built through mental and emotional strength that comes with a win or a loss. The ability to bounce back after a setback, or the ability to remain composed after success is crucial. Athletes learn to handle both success and failure, developing resilience and the ability to bounce back from setbacks. Sports also promote physical fitness, which can boost self-confidence and overall well-being. It also trains an individual to embrace quality...