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Ethics And Its Impact On The Workplace And Less Risk Of Unethical Conduct Essay

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A powerful leader shall make certain they do no harm to those underneath their leadership. They are considering ethics in the way they conduct their behavior. Authors Jennifer Newman and Darryl Grigg, psychologists and directors of Newman & Grigg Psychological and Consulting Services Ltd. Affirm “Leaders who understand they are in positions of authority — and that with authority comes with the responsibility not to harm people — will be most effective” (1). Ethical behavior results in higher morale in the workplace and less risk of unethical conduct.
Allocating Limited Capital Resources: Allocating limited capital resources is another topic that is vital in HCOs but rarely mentioned. Ethics should exist in professional and personal relationships. Ethics is also important when allocating a financial budget in an HCO. As the cost of healthcare is a factor in all expenses and funding. HCO executives are often pressured economically to provide more services with less reimbursement with payment. In days gone by HCO, decision-makers relied upon conventional methods to decide on a proposed project. However, the conventional approach is only as strong as its implementation of ethical principles. “A cost-benefit comparison should be complemented by an ethical analysis” (22). In fact, ethicist highlights the four specific ethical principles required in the capital budget decision-making process.
Beneficence:
Beneficence is “actively promoting behaviors that benefit others” (Nelson

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