Ethics : A Multi Million Online Retailing Company And Its Principles Of Operations Essay

Ethics has been around for a long time. Merriam-Webster defines ethics as rules of behavior based on ideas about what is morally good and bad. It is an area of study that deals with ideas about what is good and bad behavior. Ethics has much to do with feelings and beliefs. If you feel deep down in your heart that something is not right, then it you should not do it. The Bible says, “So whoever knows the right thing to do and fails to do it, for him it is sin” (James 4:17 English Standard Version). Ethical business procedures include guaranteeing that the main legality is in place. Also, the company observes moral standards in its relationships with the people in its business community, which includes the most important people in their business, who are the customers. This report will discuss ethics in business, ethically transformed organizations; organizations preparation to make ethical decisions, ethical danger signs, and organizations that does business globally.

Ethics, in business, refers to moral principles and standards that define acceptable behavior in the world of business. Ethical decisions foster trust among individuals and in business relationships. Recognizing ethical issues is important in the workplace. An ethical issue is an identifiable problem requiring a person or organization to choose from among several actions that may be evaluated as ethical or unethical. When you’re determining is a situation is ethical or not, there are three factors to take into consideration. Individual factors, organizational factors, and opportunity. Individual factors are sets of principles that describe what a person believes are the right way to behave. Organizational factors include the influence of managers, coworkers, and the work group. Opportunity is a set of conditions that punish unfavorable behavior or reward favorable behavior. “Target thrives on competing to win in the marketplace. We compete and negotiate actively, but always with integrity. Taking advantage of anyone by manipulating or concealing

Since its initial launch in 1994, Amazon.com has now become the biggest e-commerce store in the world. Despite the slow start during its early years, Amazon has skyrocketed its growth around 2014 with its $90 billion revenue and 154,100 employees (“The Amazon Effect”). The increasing popularity of the company is backed up by its convenience and cheap factors that are present in e-commerce stores especially Amazon. The rapid and sudden grow of Amazon pushes the company to expand its factories and internal system. Jeff Bezos, the CEO of Amazon, has been known for his powerful and authoritarian style of leadership. However, as of now, Amazon has raised several controversies regarding its actions from tax avoidances, predatory pricing, and the mistreatment of workers. These controversies grabbed a lot of attention especially for tech enthusiasts and engineers. Even though these controversies are generally labeled as misconducts and bad practices, it turns out these practices are not necessarily unethical when seen from the three ethical perspectives: Kantian theory, Utilitarianism, and Ethical Egoism perspective. These three common perspectives in the study of ethics can be used to evaluate the ethicality of the internal practices and effects of Amazon.

According to Omidyar & Branson (2016), business ethics are called as corporate ethics which is a set of rules that define the right and wrong behaviour. From the research, ethics are a form of applied ethic that can be used to evaluate whether the conduct of the people are considered acceptable and appropriate. Besides, business ethics are the collective values of a business organization that can be used to evaluate whether the behaviour of the collective members of the organization are considered acceptable and appropriate. In the most basic term, a definition for business ethics boils down to knowing the difference between right and wrong and choosing to do what is right.

Since its initial launch in 1994, Amazon has now become the biggest e-commerce store in the world. Despite a slow start during its early years, Amazon has increased its growth around 2014 with $90 billion revenue and 154,100 employees (“The Amazon Effect”). The increasing popularity of the company is backed up by its “unmatched customer service” and cheap prices provided for the customers (Parker). The rapid and sudden grow of Amazon pushed the company to expand its factories and internal systems. According to the New York Times, Jeff Bezos, the CEO of Amazon, has been known for his powerful and authoritarian style of leadership; and as of now, Amazon has raised several controversies regarding its actions from tax avoidances, predatory pricing, and the mistreatment of workers. These controversies were a hot topic around the media especially for tech enthusiasts and engineers. The ethicality of the internal practices of amazon and its effects can be evaluated from the three ethical perspectives in philosophy: Kantian theory, Utilitarianism, and Ethical Egoistic perspective.

Both key elements have an interactive relationship that helps in building profitable businesses, as well as a well-rounded community. Ethics refers to set of beliefs about right and wrong, good and bad. Therefore, Good ethical practice help build our business, as well as help our staff members to make ethical decisions. The decision of each official can affect the entire organization. Whereas, most people come from different background and culture which also plays a vital role in shaping their ethics. Business ethics involves the application of the issues in the workplace. While much unethical behavior is illegal, one important role of business ethics is to manage behavior that cannot be covered by government laws. The universal ethical standards, which involve respect, responsibility, and citizenship, are rules that apply to people and should be held high within the workplace. Social responsibility is the obligation of a business to contribute to society. The cheesecake restaurant social responsibility affects the environment, customers, investors, and our employees. (Bruning, 2014)

Business practices, in addition to guidelines on the matter of probable controversial impediments are a component of organizational ethics. This type of ethics is frequently motivated by the law; a copious amount of organizations practice ethics in order to be accepted by the community, not to mention in order to ensure a successful business. Ethical values can have a focal point on organizational concerns which assist the company in adhere to respectable practices within their establishment or corporation.

In the business world companies will run into times that they have to make decision based on ethics. This outcome may not be illegal, but unethical, which is just as important when running a business. Business Ethics is the concept of distinguishing between right and wrong and then making the right choice. The right choice may not always be the easiest or best alternative for the organization financially, but it is the greatest option for the company and its shareholders overall. The idea of business ethics is important to create trust between consumers, the community, and others involved with a given organization.

Ethics are principles of behaviour that distinguish between right and wrong. Resnik (2011) defines ethics as” a method, procedure, or perspective for deciding how to act and for analysing complex problems and issues” (p.1). People face ethical decisions; however, People working in business frequently face ethical decisions. Business ethics is the evaluation of business activities and behaviour as right or wrong (Society for Business Ethics, 1991).

A great example of a ethical decision Macy’s has made is initiating The Company’s Compliance and Ethics program to promote ethical conduct and guarantee compliance with Company policies and applicable laws. To ensure the company is making moral decisions, The Company’s Compliance and Ethics program consists of “(i) the Compliance and Ethics Executive Committee, whose members are the Company’s Chief Legal Officer, Controller, VP of Internal Audit and Chief Compliance and Ethics Executive, and (ii) the Office of Compliance and Ethics, which is managed by the Chief Compliance and Ethics Executive who reports to the Chief Legal Officer. Macy’s strives to have a core value of their business, which is“Integrity Always”. According to Macy’s online

Business Ethics is a set of moral principles applied in the commercial world. Business ethics provide guidelines for acceptable behavior by organizations in both their strategy formulation and day-to-day operations. An ethical approach is becoming necessary both for corporate success and a positive corporate image. Following pressure from

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.

Analyze the manner in which Zappos’ leadership has fostered a culture of ethicalness in the company. Suggest two (2) actions that other companies can take in order to mimic this culture.

Wal-Mart Stores, Inc. is currently entangled in a legal battle that will decide if the company has engaged willfully in gender-based discrimination. Underlying causes, organizational culture and ethical issues will be examined in determining how the largest private employer in the United States could have fallen prey to unfair labor practices.

In their personal and professional lives, people can and, unfortunately, sometimes do go against their moral and ethical standards. Ethical standards are what it means to be a good person, the social rules that govern our behavior. Ethics in business is essentially the study of what constitutes the right and wrong or the good or bad behavior in the workplace environment. A business is an organization whose objective is to provide goods or services for profit. The organization has a group of people that work together to achieve a common purpose. The moral challenges that these men and women face each day along with a whole range of problems that could occur, are why ethics plays such an important