The Stanford Encyclopedia Of Philosophy

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The Stanford Encyclopedia of Philosophy defines ethics in business for the lay person. The study and implementation of ethics is not a study of right and wrong because those words have no meaning except to the party defining them. The Stanford Encyclopedia of Philosophy reports,
In concept, business ethics is the applied ethics discipline that addresses the moral features of commercial activity. In practice, however, a dizzying array of projects is pursued under its rubric. Programs of legal compliance, empirical studies into the moral beliefs and attitudes of business people, a panoply of best-practices claims (in the name of their moral merit or their contribution to business success), arguments for (or against) mandatory worker
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Ethical leadership is the process of influencing members based on values and beliefs that are determined by the ethical standards put in place. Ideally, ethical leaders should determine what values to build the organization on based on the ethical standards put in place by the leaders. However, a leader’s personal moral or ethical standards may conflict with the ethical standards determined by the company.
A leader’s personal moral or ethical standards may conflict with his/her company’s ethical standards. A leader might feel something the organization does is unethical. A leader might support the overall goals of the organization but feel the actions taken to accomplish the goals are unethical. Keeping personal ethics separate from professional ethics reduces conflict; however conflict cannot always be avoided and certain steps should be taken when reacting to moral dilemmas.
If a personal and professional ethical dilemma involves an illegal action, do not do the illegal action; breaking the law, unless it is an unjust law, is not proper behavior in the majority of cultures. If a personal and professional ethical dilemma develops, discuss the full details of the situation honestly with a superior. If a personal and professional ethical dilemma develops consider the cost compared to gain of your possible actions. Maybe it is the personal cost to the business gain or the opposite with the business cost to
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