The Ethical And Moral Nature Of Products And Services

Every day businesses are faced with making decisions that can have far reaching effects within their organization and the communities in which their business are based. Company Q is one of these businesses. Recent decisions made within this company have demonstrated a trend that would suggest Company Q has a negative attitude toward social responsibility. This attitude can be evidenced by the closing of two stores in high-crime rate areas because they were consistently losing money, offering minimal amounts of health-conscious and organic foods despite high demand, and declining donations of day-old products rather than donating these items to the local area’s food bank due to concerns of fraud and stealing by employees.

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.

Ethics “is the study of moral principles concerning rightful conduct based on our most deeply held values”. It is prescriptive and normative, categorizing and laying down guidelines for determining what is right and what is wrong; what is good and what is evil; what is fair and what is not. Although there are many points of convergence between ethical norms and the law, however, quite a few instances could be cited where what is legal may not be considered ethical or moral. But, there appears to be a vast overlap between ethical norms and the moral values of the world’s great religions. Where ethical considerations flow into business domain, business ethics comes into being.

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.

As many things in life, ethics has evolved through the history of our society. As anyone who has ever has read the news can attest, there are certain behaviors and tradition typical in societies around the world that may seem unethical and, sometimes, inhuman when seen through our ethical point of view. However, we often forget that many of those behaviors and tradition were, not only accepted, but expected in our society at one time. As our society changes over time, our moral code and compass shifts changing our outlook and tolerance for certain behaviors. And, as in other aspects of our society, the way we conduct business is no different.

Ethics are integral in the 21st century due to the evolution of business, technology, and government oversight. There is a legal responsibility to do what is right by the customer – if you produce a product knowing that there is a high risk of harm to the consumer, you will be eventually be found out, prosecuted, and held liable.

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

Ethics must be global, not local. In order to build a truly great global business the leaders need to bring forward a global standard of ethical practices.

While each business has a unique culture, environment, and business structure leading to the success of the company, there is always an ethical way of conducting business. We live in a domain where change is the only constant; new businesses are being created, businesses are expanding, growing in monetary value and stakeholder integration, and currently lead the success of a thriving economy. The businesses that stand apart from competitors

Every organization in the world, regardless of its varying location geographically all have one thing in common. It is the fact that the core of every decision made, every policy that is written, every company for which they choose to support and do business, and every product or service offered follows the guidelines and beliefs for which the companies’ ethics and culture are built upon. It is not to say, however, that these ethical practices and cultural beliefs are definitive and widely accepted. But what it does suggest is that each individual operating in a business setting runs in to the chance that the ethical practices and established culture may conflict with ones very own personal beliefs. Therefore, determining which dilemma, if any, can be overlooked to the point of tolerance versus that of which is completely prejudicial is a decision that only the impacted individual may conclude.

When we are called upon to make decisions, several factors are taken into consideration before this decision can be made. Depending on the type of decision, such factors could be cultural beliefs, personal beliefs, and organizational beliefs. We have come to realize that there are fundamental challenges in trying to apply ethical principles in a cultural and organizational environment. Each culture has unique distinctions in values, which may or may not be considered ethical by each individual within society. These differences in culture and personal beliefs influence any decision, whether personal or professional, of any individual. Certain

As a leader of a U.S. firm with operations in foreign countries, I would need to learn about the local cultures where my firm is operating. It is very important for my company to have a model code of ethics. With the company’s mission and vision in as the center, I will establish cores values that can be tailored for application in diverse workplace environment. Everyone in the company would need to comply with quarterly trainings and stay familiar with our company’s culture and values. I also know that geographic and cultural diversity management is not the same across the board. Ethical dilemma takes different implication and perception depending on the cultural environment. “When dealing with unethical behavior overseas, companies need to consider the ethical concept.” (The Role of Ethics and National Culture).

You have just been asked to donate money to an anonymous person every day; you will never see their face and know their name. You likely hold a closer bond with your favorite childhood Disney character than you do to them. And so, you reply with a polite, “no, sorry” because you reason that it is not in your financial interest to dole out your hard-earned salary to strangers. Yet, despite the logic behind your refusal to make daily donations to an anonymous person, you are nonetheless being economically irrational when you shop ethically. This is because the premium you pay for ethical goods and services is equivalent to the daily donation that you would make as it also benefits a random, unacquainted person at the expense of your savings. It is apparent in ethical consumerism that economic rationality is overruled by ethics. This begs the question: how do ethics supersede rational economic behavior in consumer choices in ethical consumerism?

The expansive ethical standards give customers some level of solace; the use of those standards to particular circumstances can be to some degree ambiguous. Keeping in mind the end goal to elucidate the utilization of its code of morals, the CFP Board has incorporated an arrangement of guidelines all the more particularly talking about regular issues that emerge amid financial arranging.

International business ethics challenges the corporate world to deal with questions of what to do in situations where ethical standards come into conflict as a result of the different cultural practices in the nation. Since, there is this dilemma that has progressively troubled the large multinational corporations, international business ethics has arisen to help address these adhesive subject matters. There are several international business ethics discussions on the question of how to act in the home country as opposed to the host country is at the central point of most international corporations. The argument in question is how companies should practice their business according