The Ethics Of Business Ethics In Industrial Relations

Ethics has been around for a long time. Merriam-Webster defines ethics as rules of behavior based on ideas about what is morally good and bad. It is an area of study that deals with ideas about what is good and bad behavior. Ethics has much to do with feelings and beliefs. If you feel deep down in your heart that something is not right, then it you should not do it. The Bible says, “So whoever knows the right thing to do and fails to do it, for him it is sin” (James 4:17 English Standard Version). Ethical business procedures include guaranteeing that the main legality is in place. Also, the company observes moral standards in its relationships with the people in its business community, which includes the most important people in their business, who are the customers. This report will discuss ethics in business, ethically transformed organizations; organizations preparation to make ethical decisions, ethical danger signs, and organizations that does business globally.

Ethics in the world today help generation from generation, even unborn generation to know what is wrong and what is right. It helps everybody in the world to behave in a cultured manner. Ethics use in an organization have effect on the morale and loyalty of the workers especially when the management has good ethical standards. When workers morale are boosted and loyalty level increases, there will be increase in productivity level, thereby increasing the economy in the world.

Good ethics is essential in the workplace to have a good, working environment. Many companies now enforce ethics training, in hopes that the good ethics will rise above bad ethics. But in too many cases that does not happen.

We can refer from the two previous examples that ethics education is crucial. The main reason for ethics education is that ethics courses and training would help students, who are going to become future managers and business decision makers, to resolve such ethical dilemmas correctly. As we know that most dilemmas often have multiple decision criteria. Business ethics classes would help students to realize which decision criteria lead to a preference for a given decision alternative. Besides helping future business players, another important reason for education of ethics is the fact that it is inescapable. Without the existence and appreciation of ethics and the codes of conduct, the world will be at lost and have no ways of assessing what is desirable and adds to the public wellness, and what is sabotaging the social standards. Having the code of ethics is not merely a way to secure survivability of the company, but also helps the company to make the right decisions in dilemmas and expressing commitments to the society. Similar to the discussions of social responsibilities that companies should hold

What is Ethics and why is it an important part of the workplace? Ethics or moral philosophy is the branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct. (Wikipedia, The Free Encyclopedia) Decisions taken within an organization may be made by person or groups, but whoever makes them will be influenced by the culture of the company. A decision to behave ethically is a moral. Employees need to decide what they think is the right course of action. Ethics in the workplace are standards that consist of morals, values, character and integrity. Companies that promote ethical behavior have strong retention among employees and good ethics also means good business. It can brings significant benefits for a business.

Business ethics is very important. Business ethics examines the moral and ethical issues that arise in a business enviroment. Ethical communication on the other hand allows the business to be honest with the customer. A business should not withhold information in order to sell a product. A great article that discusses ethical communication is "About Ethical Communication in Business" by Scott Thompson. This article discusses the advantages of ethics, honest communication, code of ethics, aspects of ethical communication. It goes into depth about how important it is to be honest. Companies should also be ethical inside of the company and outside. If a business is ethical then they will set a good example of good business practice they can also asure customers of how they are different from competitors. Thompson also makes a very good point about communication. He states that if a customer knew that they were being lied to then they would have no trust in them anymore which would cause them to stop buying. If too many customers feel cheated then eventually it would harm the business in a much more serious way. The IABC code requires businesses to be truthful. The code also requires respect for human rights and freedom of speech. It requires respect for all cultures and belief systems. They must also refuse to be involved in any unethical business practices. They must follow every single law and regulation. Ethical communication helps build a trustworthy relationship among

Most people usually think business and ethics are two different concepts that are very hardly inter-related (Gavai, 2010). It may be explained by the fact that business is an activity which is governed, basically, by the principle of incomes and outcomes, while ethics, on the other hand, promotes good moral behaviours. That usually suggests you what one ought to do and what is “right” or “wrong”. This impression is not, however, what we can see in reality. Business activities integrate society and, as part of it, simple rules of human society, such as ethics and responsibilities are involved. Getting deeper on the concept, ethics can be seen as a manner to control people’s actions, to

Behind every successful company there is a strong foundation of ethics. Their vision, mission, behavior as a company, beliefs, and convictions all stem from their ethics. Not all companies have this foundation. To some, it is not believed to be essential for success. Ethics is important in business because our day-to-day life involves these businesses. The places we go to buy clothes, food, cars, computers, and services are all different kinds of businesses that we support financially. How many of the businesses around us have a strong foundation of ethics? How do we know that these companies don’t have workers working excruciating hours behind the scenes to produce the things that are seen on the shelves? How do we know that they are treating their workers with kindness and respect, as well as customers? Business ethics are important for not only the workers of those companies, but for their consumers. There is a domino effect that is caused when a consumer from a company with good business ethics recognizes it. As a result, the consumer returns, bringing with them more consumers, resulting in more profit for the business and a healthy work environment for its workers.

Treviño and Nelson (2007), define ethics as “the principles, norms, and standards of conduct governing an individual or organization.” I was influenced the way I determine different actions or behavior in a particular situation since I was a child. Growing up with a single Catholic mother made me value different things and behave in a particular way. In addition, this made me a have a particular ethical system that influences the way I work and act as an individual. At the corporation level, ethics is important because they set the rules and regulations. In this paper, I will explain the developmental aspects of my ethics as well as my ethical system, the effects of my ethics at my workplace, and importance of ethics in an organization to

To say the least, ethics can help gain support from the public, but it also can improve the work environment. Workplace ethics are a critical part in maintaining and raising levels of productivity and teamwork. As a leading expert in business ethics once said “Many ethicists note that it’s the developing and continuing dialogue around the code of ethics that is most important in a place of employment.” (Gebler). Like stated before, when coworkers know the code of ethics in the work place they can be more respectful of the rules and regulations that the company set forth. If a company make the ethics and morals of it known to their employees they are less likely to go against them (Russell). However all company’s don’t make their ethical ground known and they pay the price.

The work of setting a positive ethical climate starts at the top of the organization as positive ethical attitudes filter down to employees. Ferrell et al. (2015) states, “the more employees perceive an organization’s ethical culture to be the less likely they are to make unethical decisions” (p.134). Business ethics is not only about knowing what is right and wrong, or doing the right thing, ethics involves acting with responsibility, being objective when making decisions, putting honesty in all relationships, and maintaining employees’ fairness. According to Hughes, Ginnet, and Curpy (2012), “conflict over values can arise even when an organization has clearly published values because leaders and employees have divergent perceptions of whether the leader’s behavior embodies important corporate values” (p.177). Unfortunately, GM’s ethical organizational culture has been seriously disconnected from the policies stated in their company. In the past GM’s culture has favored cover-up over openness and legal contemplation over customer safety. The values embedded in GM’s organization were not put into practice. Product defects were concealed from top management as well as the public, not only hurting General Motor’s reputation as a quality customer driven culture, but also the owners of GM vehicles who were injured or died. A culture of secrecy seemed ingrained at General Motors, which can be blamed on former CEO leaders, the organizations structure, and organizational

Before we diverse into the understanding of the role of ethics in business it is vital we have a firm and clear understanding of the word ‘ethics’ itself. The word ethics has Greek roots derived from the word ‘ethos’ which means accepted behaviour. After reading a number of definitions of the word one has come to the conclusion that ethics has to deal

Many studies say that business ethics is the moral behavior in activities and practices of businesses hence regarded as a reflection of the values and morals in each society (Grosser, Moon, & Nelson, 2017). It is also how every business affects directly or indirectly our social life. However, it is important to understand the part that business ethics

Business ethics can be defined as the set of moral values and codes or standards of conduct in an organization. According to Wikipedia – “Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.”

Business ethics play an essential role in the business world today. Since their development they have become a major influence on anything business related. The importance of ethics was chosen to give more of an in-depth look at not only basic benefits that business ethics bring about, but some less known benefits as well. Business ethics add great morale to the corporation and its culture, allowing the organization to use this as a tool for a multitude of organizational affairs. While there are some that oppose the use of business ethics in today’s business world, the benefits outweigh the opposition’s points. Comparing and contrasting the benefits and the opposition’s invalid arguments, it can be plainly seen why business ethics should be implemented and are a core aspect of any business that is looking to be successful in the modern world.