Ethical Behavior In Management And Business

Ethical Behavior in Management and Business

Ethics is the term we give to our concern for good behavior. Its human nature to not only is concerned with our own personal well being, but also that of others and of human society as a whole. Basically, treat others how you would like to be treated. Business ethics is very similar to normal every day ethics. It is related in a way that it involves being fully aware of what we're doing including the complications and consequences of our actions. Being aware of ethics in business requires us to be aware of two things. First, we have to have a need with complying with rules, such as laws, customs and expectations of the community, the principles of morality and the policies of the organization and such general concerns as the needs of others and fairness. Second, we should know how the products and services of the business, the actions of its members, could affect its employees, the community and the society as a whole, either positively or negatively (Ethics 5).

Good ethics means good business is the viewpoint of many businesses. Businesses and their managers take ethics seriously. They reason their way through ethical problems and acceptable solutions. Although there is always the reverse, where businesses give the appearance of success for long periods of time in spite of unethical practices. The news today is overloaded with stories of the fallen heroes and devastated businesses that ultimately result from deception and unethical solutions to the business's problems (5). Many managers say that they run into ethical dilemmas because they are involved in relationships with people being employees, peers, and bosses with whom they have to work with and on whom they are dependent. ...

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...iling to report the theft or misuse of company property.

• Suppressing grievances and complaints.

• Covering up on-the-job accidents and failing to report health and safety hazards.

• Ignoring or violating the boss's commitments to employees.

• Passing on employee ideas as the manager's own.

Ethical decisions of management are what make and break a business. Because of them, people have good working environments to work in being that they are ethical. Being ethical in management means that a business will have satisfied clientele, good employees and usually a great atmosphere to work in. When a business or anyone associated with the business makes an unethical decision, it usually catches up with them in the end not only hurting themselves and the business, but those around them such as clientele or investors that are also involved in the business.