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. Ethical and Unethical Behavior in Business
Introduction
The two articles provided for comparison, “How Consumers Perceive The Ethical Conduct of Businesses And Their Managers” by Derrek Choy, and “Reconciling Traditional Morality and the Morality of Competition”, by Adam D. Bailey, both analyze ethical and unethical behavior in business, and conclude that moral and ethical standards in business actions are not only
Every day businesses are faced with making decisions that can have far reaching effects within their organization and the communities in which their business are based. Company Q is one of these businesses. Recent decisions made within this company have demonstrated a trend that would suggest Company Q has a negative attitude toward social responsibility. This attitude can be evidenced by the closing of two stores in high-crime rate areas because they were consistently losing money, offering minimal amounts of health-conscious and organic foods despite high demand, and declining donations of day-old products rather than donating these items to the local area’s food bank due to concerns of fraud and stealing by employees.
Every business develops a set of ethical principles that they abide by. The business ethical principles intentions: it construct the business certainty in the community , maintain the employees liveried in what the business attempt to have as structural conducts and aid the employees consume principles to make ethical choices that guards the business. In a culture with a diverse assessment structure and augmented judgment visibly by companies with changeable ethics and interests, there appears to be further difficulties on business individuals to make tougher ethical assessments. In our day-to-day performances, we depend on on our ethical principles to monitor us in the correct path and do the correct things. The substance of any efficacious and perpetual business is they segment a mutual ethical matter concentrating on presenting and generating value along with allocating their business values with the citizens they network with on a day-to-day basis.
As recently as a decade ago, many peoples,companies or organizations viewed ethics,social responsibility,business ethics only in terms of administrative compliance with legal standards and adherence to internal rules and regulations. Today the situation is different. Attention to them is on the rise across the world and many companies or organizations realize that in order to succeed, they must earn the respect and confidence of their customers. Like never before, corporatons are being asked, encouraged and prodded to improve their business practices to emphasize legal and ethical behavior. Companies, professional firms and individuals alike are being held increasingly accountable for their actions, as demand
With the globalization of businesses and corporate governances dealing with the rights of shareholders, and technology making it easier to get information about business practices are all drivers to make ethical behavior in businesses all the more important. Not to mention, unethical behavior has an enormous cost that impacts the respectability of businesses because information is widely available on the Internet, television, and newspapers that potential customers and investors can easily find. Together with strict laws as government, corporations and citizens demand morally respectable business practices or they will not invest in that particular
The authors of this business journal explore the recent activities of today’s retail giants and how their ethical behavior affects their brand, objectives, performance and stakeholders. The authors investigate the origins of certain variables that affect the ethical values of an organization. In addition, a review is performed on how both ethics along with these variables contribute
1. How would you advise Craigslist? Discuss the legal and practical issues involved and how they should be resolved, and explain why?
Ethics is the term we give to our concern for good behavior. Its human nature to not only is concerned with our own personal well being, but also that of others and of human society as a whole. Basically, treat others how you would like to be treated. Business ethics is very similar to normal every day ethics. It is related in a way that it involves being fully aware of what we're doing including the complications and consequences of our actions. Being aware of ethics in business requires us to be aware of two things. First, we have to have a need with complying with rules, such as laws, customs and expectations of the community, the principles of morality and the policies of the organization
To date, no consensus exists on the meaning of business ethics (Drucker, 1981) nor has research provided an answer. Business ethics and ethical behaviour of business managers have been researched, but the results have failed to clarify
This research paper discusses theories in business ethics. It also considers three cases that illustrate ethics principles violation.
Today, business ethics is one of the most important topics in discussion. With recent scandals come to the public of huge corporations, the public has lost its trust of businesses and require ethics be important to companies. Ethics, however, is not based solely on individual employees. In order for companies to comply with ethical standards, teamwork is necessary between the employees and the organization as a whole to create an ethical company culture that guides the actions of all members in an organization.
The purpose of this paper is to discuss an ethical issue from the business world that can impact the business operations, public image, and financial performance of an organization. In this paper, unethical marketing has been discussed as the most critical issue in today's challenging business environment. The discussion on this issue has been done in the light of some recent research studies and real life examples. The paper concludes by highlighting the major findings from the discussion.
Business ethics and corporate morals have been evolving over the years, and continue to do so. These guidelines are constantly molding and vary as businesses become more integrated. Costco Wholesale Corporation, is a very successful multinational business, but has had issues in following along with social responsibility trends that come with advancements in domestic and worldwide partnerships.
When people think about ethics, it is usually about making decisions between good or bad. What is meant by this is that people normally think of doing good deeds, or giving to the disadvantaged as the typical form of ethics. What generally eludes most people, is ethics in the form of selecting between better or best. A great example can be in movies, where a superhero will be required to save one of two people. It is either a loved one, which it would be best for the hero’s personal interests, or a fellow superhero, which will be best in the interest of the people. An ethical choice of this nature is never an easy one to make. Another place where ethical choices are often made, but not regularly heard about is in businesses. The main purpose of a business is to remain profitable and continue operating as efficiently as possible. Ethics tie closely into business decisions because businesses normally have to make choices that might hurt others but will benefit their own company. Although some of these choices are in the best interest of the company, sometimes these decisions are only in the interest of those breaking ethical code.
To ensure that a company’s standards on ethics are being reached, they establish a code of conduct, which is free for their customers or clients to view. Business professionals should always maintain their ethical morals in regards to their clients and organisation in order to gain their respect and loyalty. Managers within a company are generally active in motivating their employees to reflect and express ethical values. Employees are guided through training to implement ethics into
Many successful businesses operated under a set of normative standards, expected behaviors and guidelines that are generally accepted by society (Jennings, 2009). That is, businesses operated under ethical principles that “consist of standards and norms for behaviors that are beyond laws and legal rights” (Jennings, 2009). These ethical principles are reflected in an organization application of trust, integrity, fairness and responsibility. Research groups have identified overarching ethical principles as the application of honesty, fairness, objectivity, and responsibility. A company's use of ethical principles demonstrates solid corporate governance and management (Verschoor, 2011). However, when these principles are deliberately