An Ethical Organization On Business Environment Essay

1587 Words7 Pages
Introduction In today’s business environment, it is imperative that organizations develop strategies that allow it to operate in an ethical fashion (Hill, Jones, & Schilling, 2014, p. 379). This entails developing a code of ethical standards that dictate the accepted principles of decision-making, stakeholder interaction, management style, among a myriad of other elements of organizational operations. For those organizations that take a stakeholder management approach, operating in an ethical fashion also includes acknowledging that different stakeholder groups deserve to have their rights recognized and to be treated with dignity and respect (Hill, et al., 2014, p. 381). An ethical organization values the relationships it develops with its stakeholders (Loyalty, 2013a); in theory, an individual should be able to develop a relationship and work with stakeholders that creates value for and benefits different stakeholder groups, while obeying the tenants of his/her ethical code. However, what if a stakeholder is behaving unethically? What should an individual do if they are faced with opposing ethical choices: the decision to maintain discretion about the unethical actions of a stakeholder, whom they are to value and respect or the decision to expose that stakeholder? This then becomes a dilemma between loyalty and morality: the choice between being loyal to individuals you have developed some sort of relationship with or abiding by a personal or organizational code of
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