Ethics, Ethical, And Unethical Behavior

For an organization to survive in today’s environment it must find ways to remain competitive. Some organizations focus their energy on a marketing campaign to better a product, while others have realized their employees are its most important asset. While this notion does not clearly identify a right or wrong answer, it does highlight the new idea of an ethical work force. According to Business Ethics, “ethics is the set of principles a person uses to determine whether an action is good or bad” (Collins, 2012). While some would argue the greatest achievement in longevity is a strong bottom line, others state by forging a strong correlation between ethical behavior and work habits, employees are less likely to participate in workplace misconduct. This essay identifies the direct correlation with longevity and an ethical work force. So does ethical behavior matter in the work place?

Many different views and concepts related to ethics are discussed by Schermerhorn and Bachrach in this week’s lecture. As leaders and managers, a detailed understanding of these concepts is essential to providing appropriate leadership, guidance, and role-modeling to our employees, peers, and customers. Ethics and ethical behavior are especially important based on the scrutiny placed on leaders and managers in today’s world of increasing mass communication, social media, and enhanced transparency.

Ethical leadership is vital for the success of any business; this case study illustrates that the lack of moral values and a healthy ethically incline corporate culture, can lead to scrupulous behavior from the CEO all the way down the company. Scrushy had a demanding and cunning personality, and it was easy for his to influence others in his business to go along with the fraud. Also, having Stanwick and Stanwick, (2013) an active board of directors does have a positive impact on the performance of the firm. Also, good corporate governance supports the ethical requirements established by the stakeholders. A moral leader must cultivate a real ethically driven organization, which has no tolerance for unethical behavior.

Since my journey here at Bryant began in September, I have changed so much. Coming here, I expected certain things such as my study habits, daily routine and friend group to be altered. One change I was not anticipating making was my approach to ethics. Over the course of the past fifteen weeks, my knowledge of ethics as well as my approach to ethics has changed. I have become more knowledgeable about the different approaches to ethics and have gained insight as to where I stand in my approach to ethics.

In examining the standards of ethics, or lack thereof, in cases of corporate fraud there are key questions to consider. These questions relate to ethics, the fraud triangle, and the legal ramifications incurred. It is important to examine the elements related to these key questions, in order to gain an understanding of the impacts fraud has upon all parties involved. This handbook provides information to gain an understanding of what ethical violations are at play and the impacts upon all involved parties resulting from those violations. Further provided is information regarding ethical issues when an awareness of the fraud is known, and what the reactions should be by the

Maintaining ethical principles in the corporate environment is essential to the success of any business entity. As such, managers need to ensure their companies are run professionally with regard to the fundamental ethical principles. In the article, “Clinton promises to hold Wells Fargo accountable,” Amanda Becker gives an overview of Hillary Clinton’s efforts to sue Wells Fargo for accounting fraud. The article explains how the company’s employees acted unethically when they opened multiple bank accounts to enhance the company’s sales (Becker, 2016). This action defiles the fundamental principles of corporate ethics. This article is thereby in line with this week’s readings as it highlights the importance of ethics in the corporate entity.

This paper primarily consists of a personal response to a few questions about ethics in business. Describing the meaning of ethics sets the criteria for evaluating if actions are ethical. Looking at current and future career work, the concept of ethics is applied to predict ethical challenges. Based on this coursework, and outside research, resources will be identified that may be beneficial when business ethical challenges arise. The coursework on ethics covered law, conflict of interest, accounting, environment, finance, marketing, management, reputation, and corporate social responsibility. All of these topics are corporate concerns. Some topics may present dilemmas during the course of business. The responses in this paper

The observational study shows that there are some factors that lead to ethical misconduct within the company. First, working in financial services company tends to be challenging for the employees. This makes the employees feel like being in a competitive environments that make them struggling to be more successful and do anything to be the best. Consequently, people are more likely forget about ethical behavior and undervalue code of conduct. However, business knows the importance of integrity and how it makes difference in

The literature examines the following ethics policies: a) use of company funds and assets, b) handling of confidential information, c) personal financial interests and outside activities, and d) how to conducting business that is in compliance with organizational, state, local government, and federal laws. Also, organizations should have ethical policies that address trading stock, conducting business with suppliers and customer, kickbacks and rebates, the acceptance of gifts, bribery, destruction of company property, and the handling of the organization’s recordkeeping and retention of records. To conclude, organizations need to have policies that address disclosure of information, as well as, appropriate acceptable behavior when dealing with competitors, suppliers, and other business partners (Camps

(Panza & Potthast, n.d.) Ethics is very important to a company’s success. Ethical behavior can bring benefits to a business. They can attract customers, which can lead to a boost in sales and profits. It can attract the right employees and increase productivity. It can also attract investors and keep the company’s share price high. Unethical behavior on the other hand can damage a company’s reputation and make it less appealing to stakeholders. It could also result in lower profits.

2. Ethical Issues in Business. It seems that every day in the news we are hearing of new company that has acted at least unethically and possibly illegally in the operation and financial reporting of their company's business dealings. There are many ethical issues in business. One major issue that we see is over and under reporting net income. Companies like to show that every quarter the net income of the business has an increase or profit. In order to show this they adopt unethical or illegal means in the operation and financial reporting. One such method is the indiscriminate use of stock options for employees that enable companies to take employment costs off balance sheet and inflate earnings. With the recent ethical issues we have

Today’s business world presents numerous ethical issues. In today’s world above board/moral ethics in organizations do not often materialize intuitively. Organization must strive to provide employees with a clear understanding of the overall company vision. This will aid employees in practicing the code of ethics, policies and procedures in the workplace. Companies must be unwavering in continuously delivering the uppermost ethics of provision in which customers, applicants and employees are entitled to under fair business practices. One major core value is to uphold responsible and fair business practices.

and criteria we could create our own code of ethics. A few of the benefits a code of ethics supply are:

With the development of technology, both for ethical and unethical practices, it is a consistent battle with firms protecting their own AIS, and hackers finding the ability to hack into information to receive an advantage in committing a fraud. There are many cases in which a firm(s) were victims of the act committed by the hackers. The main three cases discussed here is: the Department of Veterans Affairs (May 2006), Sony’s PlayStation network (April 2011), and Target’s AIS hack.

Every organization also has a profession responsibility to conduct business honestly and ethically. Our readings reported, “Experts estimated that U.S. companies lose about $600 billion a year from unethical and criminal behavior” Kinicki and Kreitner (2009). The organization could avoid having ethical issues by meeting the