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? There are six items in chapter one and four of Business Ethics that identify ethical behavior and its importance in the work place. Such topics include: human nature, unethical behavior, ethical behavior and its competitive edge, code of ethics vs. code of conduct, creating a code of ethics, and connecting the code of ethics to strategic planning. Scholars have pondered the notion of human nature for centuries trying to find a single phrase. Unfortunately this has produced four ideas instead of one. According to Business Ethics, “human nature can be categorized into four areas: infants are
During the announcement of the seventh annual list of most ethical companies in the world in 2013, Alex Brigham of Ethisphere, noted that more companies find that ethical business practices increase their competitiveness in their respective industries, helping to further substantiate the notion that a culture of ethic is crucial to sustainable excellence (Smith, 2013). Researchers in the field of Organizational Behavior has found that employees are subjected to an environment of ethical dilemma constantly. During such moments employees have a choice either to pursue with ethical conduct or engage in an unethical behavior which results in harming the organization or its stakeholder (Trevino & Brown, 2004). How the employee behave greatly depends
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.
This paper will obtain information about a researched issue that deals with business ethics. The paper will include a summary of the Article and issue. This paper will also touch on the following topics, what seems to be the basis of the issue, what ethical change, deficiency, or conflict brought it about, and how did the organizational leadership come into play. The paper will conclude by proposing a plan for revising the ethical standards and
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
Ethical behavior is behavior that a person considers to be appropriate. A person’s moral principals are shaped from birth, and developed overtime throughout the person’s life. There are many factors that can influence what a person believes whats is right, or what is wrong. Some factors are a person’s family, religious beliefs, culture, and experiences. In business it is of great importance for an employee to understand how to act ethically to prevent a company from being sued, and receiving criticism from the public while bringing in profits for the company. (Mallor, Barnes, Bowers, & Langvardt, 2010) Business ethics is when ethical behavior is applied in an business environment, or by a business. There are many
Ethics, defined by Merriam Webster, are rules of behavior based on ideas about what is morally good and bad. These rules illustrate your character and should govern the decisions you make in all aspects of life. Two huge areas where ethics play a role are in business and in our community. Ethics are significant in business and our community because it determines your company and community’s reputation, attracts loyal customers, and boosts your business’s profit and your community’s economy.
Ethics are extremely important in the workplace to maintain order, ensuring that a company runs properly and efficiently. According to authors Colquitt, LePine, & Wesson, ethics is noted as, “The degree to which the behaviors of an authority are in accordance with generally accepted moral norms” (Colquitt, LePine, & Wesson). The decisions that individuals make on a daily basis have a great deal morality within. Characteristics that aid in the ethical decision making process include dedication, integrity, conduct, and many more. Every company makes its values and ethics known immediately after hiring an employee, or specifically, during the interview process. In many businesses, no matter how well an employee performs, workplace values and ethics are
Business Ethics is another important college textbook written by Peter Stanwick. The book is filled with real world case studies on different businesses and business situations. Understand the ethics of business helps students, employees and managers to make ethical decisions in today’s complex world. The writer has focused on adding the importance of leadership, decision-making and strategic planning while examining the changing trends of business ethics. The chapters of the book covers important topics like role of morals, foundation of ethical theory, global business standards and business
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.
“The man of integrity walks securely, but he who takes crooked paths will be found out” (Proverbs 10:9, NIV 1984). It has been my experience that I fall into both categories. I define integrity as doing the right things for the right reasons even when no one is looking. In The Six Traits of Ethical Employees, it is identified that an employee that “values integrity not only possess a strong code of ethics, they are willing to stand by their principles. (2017, p.4)”
Below is an outline of the highlights that should be included in a code of ethics. The topic will vary from company to company, but these hit the high points for almost all
I believe in the given situation that the most obvious solution is to publish it with both names, the fired colleague and myself, because being fired from a job for being honest and respectful to coworkers reflects well on you, and poorly on your boss. If, however, he does decide to fire you, it would be easy to explain to future employers the cause of your termination, and would hopefully to other companies, to prove you are a respectful and honest employee. The ethics codes that support this claim are as follows: I. Fundamental Canons: sub 3., 4., 5., 6.; II. Rules of Practice: e., f.; and III. Professional Obligations 1, 2, 4, 5.. "Issue public statements only in an objective and truthful manner, Act for each employer or client as faithful
Human nature, the essence of what makes a human person what they are, is something that everybody has. Every person is innately a person, but how they put their personhood into action is the biggest indicator of their character, or the projection of a person’s human nature. At their core there is human nature, but their actions are what direct this source of humanity. The quality of someone’s actions is shaped by their environment and sometimes their biological makeup as well. Human nature does not have good or evil characteristics. It is how a person thinks and acts that is the true factor in the shaping of their character.
Companies are supposed to be able to achieve and demonstrate an ever increasing performance showing improvement on leading in their industries to acquire competitive advantages. Having a high level of performance could be greatest achieved with competent and motivated employees. The conduct of business in an organization with an ethical manner is of great importance to secure an increasing performance as well. Organizations functioning towards ethical standards should ensure unbiased applications of business and recall a sense of justice to stimulate motivation among their employees. Employees that are motivated through a positive ethical organizational climate and leadership do much better than a less motivated employee. This promotes the organizational achievement that causes
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