When I hear the word ethics, the first thing that comes to my mind is the moral code, standards or values on how we should act as person, these are the rules by which we make decisions between right and wrong or good and bad. Therefore, we based on these rules to make judgments. If a person doesn’t follow those moral standards or values we automatically think that person is a bad person or vice versa. We find ethical standards in everywhere we go. There are Medical ethics, Law ethics, Business ethics and many more but I want to focus right now on Business Ethics. It is important that every business has a moral code to follow. This will help not only the employees but also the customers of the company to know, appreciate and respect the …show more content…
By using this ethical procedure that I am going to describe later it will allow your company to achieve all its organizational goals while protecting and staying honest to not only its employees but to its customers. In fact, this will allow the company to make sure if it’s personal and organizational objectives are line up.
Every business should have some unique features that constitute its aims. There are some features that I think every company should have…
1.Good business skills: By this, I mean that shareholders, board of directors, CEOs, managers in the company should have experience and knowledge on how to run a business. Not every person can run a business. They should know what they are doing; they should know how to make smart decisions that will benefit the business.
2.Social Responsibility: By this, I mean that every business should not only focus on making profits but on how to help society. Although making money is the motivation that keeps a company going but it is essential that the organization value also the society and the people that help the company keep going.
3.Human Satisfaction: By this, I mean that every business should find ways on how to satisfy their clients, employees, suppliers, etc. because a happy client is a happy business. If a client/supplier/employee is not happy with the service provided, keep in mind that he/she is not going to return to your
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.
Business Ethics are defined as “moral principles that guide the way a business behaves” (Businesscasestudies, 2017). In order for any business or individual to act in an ethical
listening to the customers, rather than forcing them to listen to us. 3) Combining our
The ACS codes of ethics is a part of the ACS constitution. As an ACS member you must uphold and advance the honor, dignity and effectiveness of being a professional. This involves, in addition of being a good citizen and acting within the law. While Because of their roles in developing software systems, software engineers have significant opportunities to do well or cause harm, to enable others to do well or cause harm, or to influence others to do well or cause harm. To ensure, as much as possible, that their efforts will be used for good, software engineers must commit themselves to making software engineering a beneficial
Ethics, ethical values, and social responsibility should all work in unison in a corporate business structure. These key traits are better defined as maintaining overall good business morals, obtaining employees who possess personal ethical values, and finally to behave ethically and with sensitivity toward social, cultural, economic and environmental issues. For a business to better ensure these quality business traits a code of ethics should be adopted by the business. In the cases of Bernie Madoff and Enron, the most well-known financial scandals in history, I feel, gave a major hand in pushing business all across America to have and enforce the code of ethics.
In Normative Ethics there are three distinct schools of thought, and each differentiate through moral intentions. Consequentialism relies on the consequences of an action in order to distinguish whether or not something is morally acceptable. Deontology considers the morality of an action by one’s reason for doing a certain deed. Lastly, virtue ethics bases morality off of virtuous character, and how a virtuous person would act given a certain predicament. Ultimately, consequentialism provides the most practical explanation for morality due to the notion of providing the best possible result. Contrarily, deontology and virtue ethics do not always provide an individual with the most sensible course of action, and therefore prove to be
To have ethical practice in businesses it needs to begin with “whether our behavior is moral or immoral and deals with fundamental human relationships”. (Lawrence & Weber, 2014, p. 69). The foundation of ethical behavior has to be laid early in life and developed/built on it; this guidance can come from various sources such as, religion, family, school, neighborhoods, friends, etc. “The totality of these learning experiences creates in each person a concept of ethics, morality, and socially acceptable 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.
Business ethics is the principles and standards that define acceptable behavior in business organizations which is determined by customers, competitors, government regulators, interest groups, and the public, as well as each individual’s personal moral principles and values (Ferrell, Hirt, & Ferrell, 2013). Every business should present with ethical performance and socially responsible for the public.
Dracca is able to seek recover from Silva Gray individually on the judgment for BB partnership because the partnership has not been incorporated. In a general partnership each individual can be sued for the full amount of the business debt. The partners cannot have personal interest within the partnership (Bagley & Savage, 2009 p. 729). If one partner incurs all of the debt, they can then sue the other partners for their parts of the debt. Within a Limited Liability Partnership these three items would differ from the general partnership.
Every year in the United States there are many business’s that shut down due to unethical practice. There are many people who run a small business or even a multimillion business that don’t know exactly what ethics are. Ethics are rules which I will go into detail later. There are many reasons why we should follow those rules, how it effects the reputation of the company, what are the outcomes of ethical actions, and what are the outcomes of unethical actions.
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.
Provide an unwavering commitment to excellence, high ethical standards, and a reputation for hard work, honesty, and fairness in everything we do.
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