Business Ethics Research Paper

The author Robert Solomon argues that ethics has to an integral part with regard to business management. He does not believe that business management must include unethical or illegal methods to be able to succeed. Solomon preaches that business management is not as simple as obtaining revenue. “Businesses need to abide by fair policies and their owners have to be ethical in dealing with their customers” (Shaw p. 37). The author acknowledges that while illegal practices in business management could bring positive results at first, eventually the business is bound to fail. This is why Solomon recommended eight important policies that can help businesses in integrating ethics into their operations.

Every business develops a set of ethical principles that they abide by. The business ethical principles intentions: it construct the business certainty in the community , maintain the employees liveried in what the business attempt to have as structural conducts and aid the employees consume principles to make ethical choices that guards the business. In a culture with a diverse assessment structure and augmented judgment visibly by companies with changeable ethics and interests, there appears to be further difficulties on business individuals to make tougher ethical assessments. In our day-to-day performances, we depend on on our ethical principles to monitor us in the correct path and do the correct things. The substance of any efficacious and perpetual business is they segment a mutual ethical matter concentrating on presenting and generating value along with allocating their business values with the citizens they network with on a day-to-day basis.

Business ethics and values have developed through time and crosswise over orders into a field, which is a standout amongst the most vital subjects in the field of business. For the authentic improvement of business morals, it is vital, to begin with, a meaning of business ethics and values in a worldwide setting (Savage, 2005). The study characterize business ethics and values from an administrative viewpoint as choices about what is correct or wrong (worthy or unsuitable) in the authoritative setting of arranging and actualizing business exercises in a worldwide business condition to profit (Child, 2015). The development

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

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.

In comparing and contrasting two articles which analyze and evaluate ethics in business, the impact of corporate social responsibility and ethical behavior by corporation and their managers can be understood by the public perception documented in a survey of Hawaiian residents, as well as the argument of negative value to consumers when self-interest and lack of ethics are part of an organization’s business model. The survey results in Choy’s article demonstrate the impression of a decline in corporate ethical behavior over the past twenty years. Both articles use the environment of competition to discuss the characteristics of ethical and moral behavior in the corporate realm. The recommendation based on the evaluation of information in the two articles is for business organizations to employ ethical and moral practices that include the values of society, and use traditional morality in all business dealings. The value of corporate social responsibility will be acknowledged and appreciated by consumers, and both economic and social gains can be achieved.

Business ethics is a major component of organizational success. Companies must strive to act in an ethical way, not only because it is the right thing to do, but also because it is required of them by their stakeholders. Stakeholders have a vested interest in the performance of the organization (Jones, 2012, p. 28), above and beyond the organization’s financial performance. While shareholders expect to receive returns for their financial backing (p. 29) and expect an organization to behave in a way that ensures those returns, other stakeholder such as consumers (p. 30), the government (p. 32) and special interest groups (Weiss, 2014, p. 13), may be more concerned with how an organization operates and whether they follow legislated and/or accepted norms of ethical behavior (p. 50). Should an organization and its leadership cultivate a culture/structure in which unethical behavior flourishes, especially in this age of heavy government oversight, that organization will not last long. This paper sets out to

Ethics refers to a sub discipline of philosophy that study about morality (Mersserly, 1995). It is classified into theoretical and applied ethics. Applied ethics is a sub classification of ethics that addresses morality issues of both the public and private life. Thus applied ethics applied to issues in regard to companies or other public institutions is known as business ethics. Thus in this essay I will discuss the different ethics theories and how they are applied in business ethics.

In this article the authors take the approach of analyzing three famous ethical theories. They look at the ethics of virtue by Aristotle, Immanuel Kant’s deontological ethics, and John Stuart Mill’s utilitarian happiness principle. They explain what each of these great thinkers argued constitutes moral behavior as well as their thoughts on what drives such behavior. They then apply these concepts to ethics training programs of modern day corporations. In short, one must have an understanding of the impetus of people’s ethical behaviors in order to implement an appropriate program to cultivate and reinforce the desired organization’s ethics.

The relationship between ethics and profit is regarded to be very crucial in the business world. In most of the cases business ethics and profits are considered to be at conflict, where we get to choose one and lose the other. There have been instances of both where a company attains profit by establishing ethical values and a company making profits while employing unethical methods. The ultimate motive of running any business is the maximization of profit, so people tend to forget the ethics which are vital while trying to make profits. Experts believe that it is not always necessary to forgo our basic ethics to attain the goal, though it may seem as a very subjective thing. How ethics can be followed

In recent times there has been an emphasis on following business ethics, as it is believed to have an impact on the way business is run and how its prospects turn out. In the past, business ethics were often ignored, as entrepreneurs had other priorities that took the front seat to ethics, such as, profit-making and stakeholder interests. However, business ethics are a tool to improve the business image in the future if followed in the present. An adherence to business ethics can lead to returns in non-monetary terms such as increased customer loyalty, improved public relations and brand image, as well as high employee morale. The improved brand/business image can lead to a boost in the sales growth and can foster good public relations.

A code of ethics and ethical values are key elements of the internal control process of public companies. The adequacy of an ethics system and the way of life of an organization should be a matter of concern and top priority to the Board of Directors and CEO. Having a code of ethics although is not a guarantee against corporate misconduct. An effective ethics system involves constant reinforcement of strong values. One of the roles of a CEO in a company is to develop and sustain a corporate culture that encourages ethical values and integrity therefore encouraging a culture of ethical corporate conduct. Another role of theirs is to help uphold and protect their corporation’s reputation with clients, the public, and government and regulatory organizations. Ethical leaders like CEO’s are perceived to be moral people and because they are at the top of the corporate chain they are seen as honest and trustworthy.( Mastracchio,2015) The decisions that that make should be based on ethical decision rules and values, and they

Shareholders are a key component to the ethical quality of a corporation. One may argue this is not the case since they are not directly involved in the day to day operations of the corporation. However, shareholders are investing their funds voluntarily in a corporation. Shareholders have a huge responsibility to support companies that are positive ethical examples. Shareholders should spend time researching a company before investing in the company so that they can be sure the company is truly an ethical company. It can be easy to be distracted by the performance of a business, Enron investors thought they were investing in a highly innovative energy company (Serving History, 2011). Shareholders have