How Ethics Affects Business Relationships Within An Organization Essay

2. Laws must be static and unyielding in order to provide stability for a society.

Ethics and moral obligations are issues we all encounter at one time or another. In the professional setting, all people should act in a manner that would uphold the good of society. To be ethical, one has to determine their obligations, moral ideas, and moral philosophy (Boatright, p. 19, 2009). The case analysis involving Jacob Franklin was a perfect example of how an individual can face the dilemma of doing what is right or wrong. Businesses have their own code of ethics, and the employees within the business have to determine whether or not they will follow the company’s code of conduct. I will discuss several ethical issues in the case analysis including; failure to report information, remaining silent regarding faulty equipment,

32: List and explain Nash’s, Drucker’s, Buffet’s, Blanchard's and Peale’s comprehensive approach for resolving ethical dilemma

First of all, many businesses have different codes of ethics and values and actions of people or a group of people that can represent the organization or business. However, many businesses are managed by their leaders in the company that are being conducted in an ethical manner. Ethics could also help

In the business environment, ethics are defined by a set of rules, relatively a code of conduct which must be followed by the employees of a specific company. Furthermore, ethics govern what is morally right or wrong, the most common ethics include: fairness, honesty, integrity, respect and openness. Generally, companies and businesses have specific values which must be followed indefinitely by the employees. Ethics and values are overall mandatory in any company or business wanting to thrive.

Practicing in an ethical manner is important in every profession. When I first thought about and began reading about managerial ethics, I immediately thought of how this can be applied to the medical field. In the healthcare, we are taught to always practice and treat patients ethically and with care. Not only that but also treat each other and our coworkers with respect. After reading this chapter of the text there were a couple of conclusions I was able to draw from regarding my own workplace experiences. Some of the managers that I have worked under have clearly portrayed some of the distinct views of ethics that were discussed in this chapter and have helped me to analyze the type of ethical views I tend to lean towards.

Business ethics is the study of proper business policies, and practices regarding potential controversial issues. The issues may range from corporate governance, insider trading, bribery, discrimination, corporate and social responsibility. According to an article written by Curtis C. Verschoor, the ethical culture in the workplace is in transition in the U.S. The reason that business ethics is important is because with all employees it is expected that they do the right thing. If one person does something within the company, and it gets back to the public it can harm that company reputation. This could lead to a withdrawal of stakeholders, and loss of employees.

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

Ethics are the foundation of an organization. They are what guides an organizations employee behavior, policies and business decisions. The reputation and success of any organization is heavily tied to their ethical climate. It is important that organizations understand the correlation between acting ethically and organizational success. According to Kreitner & Kinicki a staggering eighty four percent of Americans said that if price and quality was similar, they would change their allegiance to an organization that is associated with the most worthy cause (2013).

Ethics is not just concerned with what people do but also with what they do not do. They provide an indication or what is right and what is wrong. As an organisational leader, a Managers commitment to their ethics need to be proactive (e.g. Fairness, consideration).

With any job that is taken, ethical principles are quite relevant when it comes to maintaining integrity. This is especially important in the role of management. The employees look to the person in the management role to provide that leadership and solutions when they are experiencing difficulties handling their day to day duties. If the manager is not handling their position as they should and using their ethics and morals when making decisions as it pertains to their role, it could lead the employees to do the same which could eventually lead the company down an unbecoming path. These issues may not be able to be resolved in a timely fashion and could hinder business in the long run. Making sure that ethics are used in those specific situations

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.

Every organization has a set of ethical standards that they abide by. The organization ethical standards purposes: it build the organization confidence in the community , keep the employees uniformed in what the organization strive to have as organizational behaviors and help the employees have guidelines to make ethical decisions that protects the organization.

Ethics is the branch of philosophy that deals with the principles correlated to human behavior concerning the rightness and wrongness of specific conduct, and to the good and bad that influences and ends those actions (Ditonary.com, 2011). In other words, ethics is the choice people effect in regards to a decision they need to achieve. Without ethics directing the choice an individual makes, moral preferences of what should or should not be done becomes irrelevant. While ethical decisions are made every day there are two different regions in which these choices are made.

Ethics also uphold employees’ relationships with each other such that they are obliged to stay in the organization with reduced labor turnover. This in the long run results in improved returns. More importantly, business ethics attract potential workers in an organization and this reduces recruitment expenses which also ensures that the organization acquires the most appropriate employees for specific posts. In addition to this, good business ethics are an attraction to potential investors because of the increased profits and they maintain the life of the business. Good ethics result to a good business and the outcomes are success and increased profits. In contrary, unethical behaviors discourage stakeholders and investors because they lose trust in the company. Employees’ turnover is also high and this increases recruitment costs. When production cost increases, returns are also reduced and the business is usually at the verge of falling. In conclusion business ethics are determiners of