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The importance of ethics to organization
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Introduction
Business ethics has become increasingly important in recent years. American’s idea of business had become more negative due to the scandals in the early nineteen nineties. Due to the increasing public outcry, it is more important than ever to have an enforced code of ethics or CofE. Currently, the organization I work for, PBC, does not have a code of ethics. There are many important ideas that need to be implemented in a CofE for my organization to ensure ethical behavior by every employee. I will be developing an ethics plan to be adopted by my organization, and will provide evidence as to why that is in my code of ethics.
Organizational Structure
The management company I work for is the most decentralized organization out of all the organizations I have worked for in the past. In a decentralized organization the decisions are delegated all the way down to the bottom of the organization (Ferrell, Fraedrich, & Ferrell, 2011). In my company all decisions are left to me, since the only people above me are my owners. Since I work with a decentralized organization, and ethics program is even more important. One author linked the size of the organization to the risk of unethical behavior, and found that the smaller more flexible the company sees both extremes of high ethical behavior and low ethical behavior (Schminke, 2001). When I recently took over the community, the lack of an ethics program became a hurdle I had to overcome. The previous manager did quite a few things that were unethical. Since there is no one supervising my staff and I when it comes to ethical decisions, it is even more important to have a solid ethics program.
Within the management company I work for we have both formal and ...
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No matter what the root cause of Ethics in Business or the Military, most ethical conflicts came to dealing with contracts and agreements between themselves and their customers or their employees. Most people have come to the understanding that lower ethical standards related to lower moral standards in society, in general. From this, one can conclude that it is management that has the social responsibility to conduct his or her business in the most ethical ways possible, for his or her actions is reflexive on society.
In the business field, the importance of ethics takes another level of importance. Here, the stakes are higher, and the motives are stronger for people to act unethically in order to score gains. Stakeholders including investors, stockholder, employees, customers, government agencies, and even secondary stakeholders, are demanding high level of transparency and ethical commitment from businesses. This demand led to the development of many codes of ethics and conduct in the different fields of business and within
In the past decade, concern with the ethical accountability of companies has continued to grow. Consumers increasingly look to support and buy from companies that make ethical decisions. The government has also created new legislation that requires a certain level of ethics and creates encouragement for companies to go as far as to create ethics programs. The idea of “business ethics” is not new, but there is more pressure now than ever before on companies to prove they are making an honest effort to be ethical. This additional pressure on companies can be largely attributed to a change in the neoclassical view of a company as only needing to take care of stockholder interests by creating profits (Wines & Hamilton III, 2009). Today, people view the organization as a complex unit made of up many different groups that must be considered. This new definition of an “ethical corporation” requires not only compliance with the law, but also consideration of the ethical implications of all actions (Epstein & Hanson, 2006; Thornton, 2009). “Ethics are a system of moral principles and behavioral norms intended to express and support an underlying set of values” (Post, Lee, & Sachs, 2002). Following the meanings given by several professional sources, business ethics is defined as the study of moral standards in the context of all business situations (Columbia University, 2008; Knapp, 2001; Crane & Matten, 2007). Because of this change in consumer and regulator concerns, a corporation cannot survive unless it takes care of and strives to respect the interests of all of its stakeholders by applying ethical standards to actions (Post, Lee, & Sachs, 2002).
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