Role of Ethics

Business organizations today are socially and ethically responsible for doing the right thing, exercising good judgment in their business activities with employees, stakeholders, customers and the community. Business organizations emphasis should not only be on profits, but also on how business decisions impact society.

The employees of the pharmaceutical company would also be a large stakeholder because their jobs are threatened

We should subscribe to the schools of thought of Sun Tzu, Niccollo Machiavelli and Robert Greene in which victory is prime ideal above all else and discard all pretense of ethics. Sometimes I am tempted to think it a case of survival for the fittest and all the values I learnt as a child don’t really

A company has to consider strategic initiatives while analyzing all possible outcomes of regulations, decisions and actions and thus, represents an overview of the challenges within values & ethics based decision-making (Mahmoud-Jouini, Burger-Helmchen, Charue-Duboc & Doz, 2015). “Business ethics has drawn renewed attention due to corporate sandals. In addition to the growing importance of governmental regulations, increase pressure from different stakeholders has placed the business ethics as a challenge on all the firms” (Lal, 2015), p. 1). Companies not only have a responsibility to their shareholders and stakeholders, but their suppliers, government, creditors, consumers, community and employees from a local and global perspective in regards to ethical considerations in globalization (Lal, 2015).

Is truth just a matter of personal opinion? Isn't one person's view of ethics just as valid as another person's? Are not all views, in essence, the same? And does the whole issue of truth and ethics really matter? Does it make any difference? Can the honest seeker of truth decide without accurate data? In our consideration of ethics -- the moral evaluation of what is right and what is wrong -- we will need to overcome some common misconceptions people hold in this arena of ethical determination.

Jose’s Mexican restaurant is a small and very popular business. Lately, the restaurant has been facing customers’ complaints and profits loss because of service issues. With that being said, the following analysis will identify the cause of the issues and provide recommendation to improve services.

With the assessment of ethics and social responsibility, one has a broader view of its importance not only in business but also in one’s personal life as well. Practicing the fundamentals of good ethics will aid in eliminating numerous business scandals within global markets. This writing has assessed the role of ethics and social responsibility in developing a corporate strategic plan. Further, the considerations of stakeholder needs, and agendas while developing said plan has also been addressed. In addition, an assessment of the Martha Stewart and ImClone scandal, along with preventative measures against similar future

“Social Responsibility and corporate ethics should be an integral part of the strategic management process. It should not be an afterthought.” Discuss.

Is there a place for ethics in science? Does one as a physicist have the moral right to work on the practical exploitation of atomic energy? Regardless of whether the outcome of such a diabolic weapon is morally defensible, the burning question remains if it is ethical to use theoretical knowledge of physics to destroy great masses of people, civilians to be more specific. As brought to light in the thought-provoking drama Copenhagen, the debate regarding usage of nuclear bombs continues to be an issue of modern civilization, an issue that still vexes the moral systems of all the world’s nations. Although the concept of morality is lacking a clear-cut definition and is fraught with uncertainty, I firmly believe ethics could potentially play a quantum role in science because you want your ethical position to be based on thought which is clear and logic that is correct (Zalta).

Values and ethics are central to any organization. What exactly do we mean by values and ethics? Both are extremely broad terms, and we need to focus in on the aspects most relevant for strategic leaders and decision makers. What we will first discuss is the distinctive nature of ethics; second, we will take a look at work ethics; third we will look into strategic leadership and decision making; fourth we take a closer look into the positive and negative leadership climates and how they influence work ethics; fifth we will see the essence of participative management on ethical

Ethics surrounds many emotions which are not accepted by morality as not important what is discussed about it at the moment. It is also regularly used in same manner as with morality. Ethical concern having largely taken place with friends, family and society as well, preparing a place for ideals such as social justice. Such Ethics able to exist or occurs together without conflict, like ancient Greek explanation of the good life as found in Aristotle and Plato.

Crises are recurring events in human history, and some are less severe; others change legislations, world politics, our perception of the status quo, and people’s lives (Hasel 2013). Crisis dramatically change people’s lives leaving them fearing for their safety, struggling with unemployment, and losing faith in the status quo, including political (government) leadership (Hasel, 2013).

According to Harwell, Humphrey, Mohammed & Balloo (2016) the "term ethics is used in different ways. On a personal level, ethics is motivation based on ideas of right and wrong. From a wider perspective, ethics is the philosophical study of moral values and rules. In business, ethics is the rules and standards of conduct that govern the behavior of individuals or members of a particular profession. Furthermore, ethics deals with questions of rightness, fairness, or equity when considering the moral perspective of a situation, and it deals with duty and obligation of and to society. Lee (2002) defines ethics as "the explicit, philosophical reflection on moral beliefs and practices" (as cited in Hinman, 1998). Ethics is also sometimes known as moral philosophy. According to The Columbia Encyclopedia, ethics is "... the study and

On the business ethics side, the business world requires a greater effort, thought and execution from corporations in general as well as social responsibility and propaganda. It is important to combine the social responsibility factors with your goals as stakeholders and my goals as an executive to ensure the company’s resources are optimized to ensure profitability. Finding the balance in between social responsibility, business ethics and profitability is the key factor. Moreover, applying good business practices to ensure the business and the people around it are taken into consideration, would ensure the values of our business ethics. “The decision made by the company should consider the impact it would have not only on the

Business Ethics – Business ethics are linked to social responsibility, however, it focuses on the “ethical behaviour of managers and executives in the business world” (Erasmus, Strydom and Rudansky-Kloppers, 2015: 11). Many businesses have implemented a ‘code of business conduct’ to ensure that all executive members and managers have a precise outline of what is considered to be ethical in the business environment. (Erasmus, Strydom and Rudansky-Kloppers, 2015: 11)