Business Ethics And Ethical Practices In The Workplace

Business ethics refers to the consideration of moral decisions and responsibilities in the process of operating a business. Business ethics, practiced throughout the deepest layers of a company, become the heart and soul of the company 's culture and can mean the difference between success and failure. Values drive behavior and therefore need to be consciously stated, but they also need to be affirmed by actions. Ethical business environments are created with foundations of integrity, accountability and commitment.

In comparing and contrasting two articles which analyze and evaluate ethics in business, the impact of corporate social responsibility and ethical behavior by corporation and their managers can be understood by the public perception documented in a survey of Hawaiian residents, as well as the argument of negative value to consumers when self-interest and lack of ethics are part of an organization’s business model. The survey results in Choy’s article demonstrate the impression of a decline in corporate ethical behavior over the past twenty years. Both articles use the environment of competition to discuss the characteristics of ethical and moral behavior in the corporate realm. The recommendation based on the evaluation of information in the two articles is for business organizations to employ ethical and moral practices that include the values of society, and use traditional morality in all business dealings. The value of corporate social responsibility will be acknowledged and appreciated by consumers, and both economic and social gains can be achieved.

In past years, organizations believed business ethics was only a way of managing compliance of legal principles and adherence to internal regulations and policies. Today the situation is different. Attention to business ethics is on the rise and many companies realize that in order to succeed, they must earn the respect and trust of their employees and clients. Presently organizations are being pushed to better their business performance to stress legal, ethical and socially responsible behaviors. Organizations are held responsible for their actions as demand grows for higher standards of social responsible behavior. With that being said, what are some of the ethical responsibilities companies have with their employees, and why are they

The agility and resilient nature of any organization is highly dependent on how effective it is in using technologies to implement, continually manage and reinforce ethical standards throughout the many departments and functional areas of a their business. The greater the level of compliance to ethical standards, the more cost-efficient it is for organizations to meet legally-defined compliance requirements as well. Using IT to align an organization to its compliance mandates through the use of ethics-based management can deliver significantly greater profitability over the long-term. The goal of this analysis is to analyze the approaches organizations are using to combine leadership strategies and technologies to create highly effective organizational cultures. How technologies are used has a significant effect on the ethical foundation, expectations and cultures of an organization. Not only do they amplify a leader's key insights and thoughts, they also create the means by which employees can communicate, collaborate and define a culture of high ethical standards and conduct or not. Leadership will determine which direction an organization will go on this continuum ethics and technology.

Some themes I picked out from attending college surprisingly are not scholastic but more practical: the great importance of hard work, how to fail and not be a sore loser, having passion for what you do, and giving back to the community. Working hard has always been a principle that I have felt strongly about. Growing up, my parents had chores for me and my siblings whether it was vacuuming the living room, cleaning the bathroom or washing the dishes. We were expected to work hard daily to maintain the cleanliness of the house. I mention that because for this project I intend to examine the leadership in a business I would like to own, a daycare center. Owning a business allows individuals to take a sense of pride in their job,

Behind every successful company there is a strong foundation of ethics. Their vision, mission, behavior as a company, beliefs, and convictions all stem from their ethics. Not all companies have this foundation. To some, it is not believed to be essential for success. Ethics is important in business because our day-to-day life involves these businesses. The places we go to buy clothes, food, cars, computers, and services are all different kinds of businesses that we support financially. How many of the businesses around us have a strong foundation of ethics? How do we know that these companies don’t have workers working excruciating hours behind the scenes to produce the things that are seen on the shelves? How do we know that they are treating their workers with kindness and respect, as well as customers? Business ethics are important for not only the workers of those companies, but for their consumers. There is a domino effect that is caused when a consumer from a company with good business ethics recognizes it. As a result, the consumer returns, bringing with them more consumers, resulting in more profit for the business and a healthy work environment for its workers.

Sturdy ethical business practices represent a trademark of a superior company that an individual may need to assemble and maintain in your developing business. Business ethics apprehends groups or individuals; however, the one who formulate them will be swayed by the background of the company. Therefore, employees must fix on what they believe is the best line of action. Additionally, ethical corporate societal responsibility and behavior can result in a significant advantage to a business. For instance, they may retain employees within the business, lower labor income and thus amplify productivity. Secondly, they appeal to customers to the business products, thus improving profits and sales.

This study will explore ethics as a whole pertaining to individuals who work for a corporation as well as the managers or executives who run and operate the company. Moreover, this study will also explore how your own ethical behavior in your personal life can affect you in your

“Ethics are norms or standards of behavior that guide moral and choices about our behavior and our relationship with others” (Cooper & Schindler, 2011, p.). When a business conducts a research, the business uses ethics to guarantee that no individual will be hurt or suffers from the consequences from the research. When a business is planning a research, some of the ethics a business must consider are to: protect the rights of the individual, follow the ethical standards, and to ensure that the information that is acquire is ethical. The purpose of the research is not to allow any type of physical harm, discomfort, pain, embarrassment, and the loss of privacy (Cooper & Schindler, 2011).

Business ethics can be defined as the set of moral values and codes or standards of conduct in an organization. According to Wikipedia – “Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.”

In this modern era, technology has revolutionized everything around the globe. As far as organizations are concerned, they regard technology as an important asset in the twenty-first century. Technology assists different organizations in a number of ways. In addition to this, the role played by technology in maintaining the ethical standards of organizations is highly appreciable. Due to this reason, besides using technology in the production and manufacturing processes, organizations also use technology in maintaining their rules and regulations (Conner & Clawson, 2004).

The survival of an organization depends upon the integration of business codes with the societal ethics. Ethics concentrates on the general nature of morals and the specific moral choice an individual makes in relationship to others. It represents the rules and regulations governing conduct of the member of a profession. The area of focus in this essay is to explore the effects of business ethics.

Business Ethics relates to policies and practices that regard potentially controversial issues. The business ethics will be the moral principles that will affect a business’s behaviour. Also most organisations pay their business managers to make decisions which will help the business to reach its aims and objectives. Businesses are part of the community therefore they are required to behaviour at a certain standard.

Business ethics play an essential role in the business world today. Since their development they have become a major influence on anything business related. The importance of ethics was chosen to give more of an in-depth look at not only basic benefits that business ethics bring about, but some less known benefits as well. Business ethics add great morale to the corporation and its culture, allowing the organization to use this as a tool for a multitude of organizational affairs. While there are some that oppose the use of business ethics in today’s business world, the benefits outweigh the opposition’s points. Comparing and contrasting the benefits and the opposition’s invalid arguments, it can be plainly seen why business ethics should be implemented and are a core aspect of any business that is looking to be successful in the modern world.

Ethics refer to your personal standards of right and wrong. Ethics do not change as you move from one society to the next. IT managers have quite a number of ethical issues confronting them each time they are running their departments. These issues are becoming challenging each day as technology becomes more and more advanced. There are more questions asked than answered as managers face more and more daunting challenges in information technology. There are five main categories of particular interest to technology. Ethical issues on the usage of IT and the challenges that managers face generally refer to privacy and intellectual property. Each has an important impact on the way managers and other business professionals act or react. Attention has to be given to these issues. Internet ethical issues have a direct connection with the business world