In life, people like to be treated as important individuals, to be respected, valued, appreciated, and considered trustworthy. All people like to be treated in this manner. In an organization or company, manager want to hire employees whom they trust to get the work done. No employer wants to employ someone who is not trustworthy. In society, each one wants to work with someone who is reliable in the community, whom other people respect; this is what ethics is all about. It is very important in business that people understand the ethnicity of the environment; everyone has to treat people just the way they want other to treat them. The Golden Rule provides a basis for this type of treatment. This rule provides the reason that John Maxwell said, "there is no such thing as business ethics."
John C. Maxwell is an international leadership expert and author, and he has sold over sixteen million books. "(John C. Maxwell)". The author's primary view in There's No Such Thing as "Business" Ethics is that there is no distinction between business ethics and ethics - there's only ethics. He also says that it is important to understand that "ethics is never a business issue or a social issue or a political issue. It is a personal issue."(John C Maxwell). Hence, he suggests that in business decision making, just as in our personal lives, there is only one rule for making decisions: The Golden Rule. And since the Golden Rule begins with each person on individually, people need to ask
Business Ethics are defined as “moral principles that guide the way a business behaves” (Businesscasestudies, 2017). In order for any business or individual to act in an ethical
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.
There’s No Such Thing as “Business” Ethics is a book written by John C. Maxwell. The book was first published in 2003 by First Warner Books. Maxwell is a well-known expert in leadership and highly desired public speaker.
Cunningham, W P. "The Golden Rule As Universal Ethical Norm." Journal of Business Ethics. 17.1 (1998): 105-109. Print.
Another rule of ethics is being fair. When you run a business, you must be fair to your employees. For employees, you have treat everyone equally. If you treat one employee better than an another
Ethical standards in business are important for every leader to know and understand. The book Ethics 101: What Every Leader Needs to Know by: John C. Maxwell discusses ethics in the world today. When people make unethical choices, the reason they do because of three main pitfalls. People do what is most convenient to them, people tend to do what they must do to win, and people rationalize their choices with relativism. In this summary, Maxwell’s definition of business ethics will be framed, examples of ethical standards and guidelines, the meaning and contrast of ethical thinking and ethical behavior, and how to avoid these major pitfalls to live an ethical life. The
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.
Running a business is about more than just making money. It requires adequate consideration to a number of issues, of which ethics is most certainly one. As a business grows and becomes more significant, it impacts the lives of people in so many ways. But without a clear understanding of business ethics, a company can lose its business by ruining its reputation and alienating employees, suppliers and the local community around it. With recent expansions in global businesses and the decrease of trade barriers worldwide, the importance of ethics in business has been further underlined.
Throughout history, many buzzwords have been used to describe the primary focus of businesses. Milton Friedman first said that a company’s main goal is to make a “profit” (Plenert, 1995). Focus then shifted to “productivity” and “quality” when China and Japan emerged as industry leaders (Plenert, 1995). Attention is now geared towards the idea of corporate social responsibility and ethics, even though, the golden rule has guided moral behavior for thousands of years. The rule simply says, “Do unto others as you would have them do unto you” (Suranovic, 2001). If a person does not follow the golden rule, their actions are considered unjust, immoral, and sinful. The rule is found and followed in all the major religions of the world, but there is much debate on whether the rule is followed in the world of business.
“Ethics are norms or standards of behavior that guide moral and choices about our behavior and our relationship with others” (Cooper & Schindler, 2011, p.). When a business conducts a research, the business uses ethics to guarantee that no individual will be hurt or suffers from the consequences from the research. When a business is planning a research, some of the ethics a business must consider are to: protect the rights of the individual, follow the ethical standards, and to ensure that the information that is acquire is ethical. The purpose of the research is not to allow any type of physical harm, discomfort, pain, embarrassment, and the loss of privacy (Cooper & Schindler, 2011).
A recognized authority defined business ethics as the application of our understanding of what is good and right to the assortment of institutions, technologies, transactions and activities pursuits that we call business. It would have been simple if it were the choice of good or bad in the business. Since it is not the case, it’s not only a matter of legality or universal morality, but it more often related to a series of perceptions of the rightness involved it daily issues.
Business ethics is where moral rules help guide business decision making. It is useful in a business as it helps them decide if a decision is right or wrong, honest and fair, even if the business is profitable or not. An ethical business decision may not always be the most profitable decision as the one that has the most benefit to the society could be at the top. (Connolly, 2011)
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
Ethics is the branch of philosophy that deals with the principles correlated to human behavior concerning the rightness and wrongness of specific conduct, and to the good and bad that influences and ends those actions (Ditonary.com, 2011). In other words, ethics is the choice people effect in regards to a decision they need to achieve. Without ethics directing the choice an individual makes, moral preferences of what should or should not be done becomes irrelevant. While ethical decisions are made every day there are two different regions in which these choices are made.