Ethical awareness has and continues to be a debated concept in the business community. The notion of what motivates ethnical awareness is at the core of the debate. In other words, are decisions made about business practices motivated by an obligation to the community, sense of corporate responsibility, a leader’s view of right and wrong or political influences. Although the perspectives on what motivates ethical awareness differ among business leaders, ethnical awareness is fundamental in the decision making process. This essay outlines the ethnical awareness principles of Drucker, Alahmad, Friedman, and Murphy and how business decisions are influenced by such principles.
Superficially, aspects of noted authority’s ethical awareness principles are parallel. That is, business leader’s decisions are limited to their behavior. In this regard, ethnical awareness is how business leaders take action or behave. However, the distinction of these ethical awareness principles is about what motivates the behavior or a business decision.
Alahmad declares that ethnical awareness is motivated by a person’s concept of right and wrong (Alahmad, 2010). That is, “ tell the truth no matter what, respect, punctuality, not judgmental, just, humble, and dignity can be international code of ethics every leader should follow” (Alahmad, 2010). In other words, decision making is driven by a leader’s concept of right and wrong and their objective is not to harm or hurt anyone. Nevertheless, each individual has their own concept of right and wrong which can be motivated by culture or have no motivator (Alahmad, 2010). Regardless, Alahamad contends that an individual’s decisions are reinforced by their concept of right and wrong.
Contra...
... middle of paper ...
...(2010). To be ethical or not to be: An international code of ethics for leadership.
Journal of Diversity Management, 5(1), 31-31-35. Retrieved from
http://search.proquest.com/docview/195579458?accountid=28180
Drucker, Peter F. (n.d.a.) What is "business ethics"? Retrieved from
http://www.nationalaffairs.com/doclib/20080708_1981632whatisbusinessethicspeterfdrucker.pdf
Friedman, Milton. (1970). The social responsibility of business is to increase its profits. The
New York Times Magazine. Retrieved from http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html
Murphy, P. E. (2009). The relevance of responsibility to ethical business decisions. Journal of
Business Ethics, 90(01674544), 245-245-252. doi:10.1007/s10551-010-0378-4. Retrieved from http://search.proquest.com.proxy1.ncu.edu/docview/365453640/abstract?accountid=28180
To apply this system of moral values effectively, one must understand the structural levels at which ethical dilemmas occur, who is involved in the dilemmas, and how a particular decision will affect them. In addition, one must consider how to formulate possible courses of action. Failing in any of these three areas may lead to an ineffective decision, resulting in more pain than cure.” Ken Blanchard states, “Many leaders don’t operate ethically because they don’t understand leadership; these executives may have MBA’s from Ivey League schools or have attended leadership training; they may routinely read the best-selling management books, however, they don’t understand what it means to be a leader.” They don’t model a way of ethical behaviors.
The concept of business ethics refers to a set of guiding principles that encourage individuals in an organization to make decisions based on the company’s stated beliefs and attitudes toward business practices within its industry (Lisa McQuerrey., 2016). Ethical and Unethical business decisions have long been a predicament encountered by organisations, these practices are concerned with how the companies interact with the global business world, and to their one-on-one dealings with individuals (Garry Crystal, 2016.) The concept of ethics and social responsibility emerged into the business world in the early 1970s after the end of World War I, saw these organisations become more profit driven resulting in negative impacts on society at large.
Ethical behavior is behavior that a person considers to be appropriate. A person’s moral principals are shaped from birth, and developed overtime throughout the person’s life. There are many factors that can influence what a person believes whats is right, or what is wrong. Some factors are a person’s family, religious beliefs, culture, and experiences. In business it is of great importance for an employee to understand how to act ethically to prevent a company from being sued, and receiving criticism from the public while bringing in profits for the company. (Mallor, Barnes, Bowers, & Langvardt, 2010) Business ethics is when ethical behavior is applied in an business environment, or by a business. There are many situations that can arise in which a person is experiencing an ethical dilemma. They have to choose between standing by their own personal ethical standards or to comply with their companies ethical standards. In some instances some have to choose whether to serve their own personal interests, or the interest of the company. In this essay I will be examining the financial events surrounding Bernie Madoff, and the events surrounding Enron.
The importance of having a code of ethics is to define acceptable behaviors and promote higher standards of practice within a company. The code should provide a benchmark for...
Svensson, Goran & Wood, Greg 2007, ‘A Model of Business Ethics’, Journal of Business Ethics, vol. 77, pp. 303-322.
Palmer, D. 2009. Business leadership: three levels of ethical analysis, Journal of Business Ethics. 88(3): 525-536.
Ethical implications, morals, and the idea of what’s right and wrong can vary depending on different cultures and views. Different cultures may live by different sets of morals than others, so something in the workplace that one employee may find ethical, another may find unethical. Factoring in ethical implications can be difficult because, “Diversity in itself represents a range of ethical challenges and the application of learning and development interventions to this area adds a further layer of ethical complexity to the picture” (Douglas, 2004). It is vital that organizations incorporate training on ethics when creating a cultural diversity training course. Training courses should show the importance of ethics in the workplace as well as the positive benefits of morals and ethical responsibility in the workplace.
Ethics in business has many aspects to it. Ethical businesses can be hard to manage if the entity, management, or employees are unethical in their practices. Due to this it can cause undue stress on others who want to do right by the customer. There are many pressures on individuals who own, operate, and are employed by businesses. Our text book examines five of these pressures.
Ahmed, M. M., Chung, K. Y. & Eichenseher, J. W. (2003). Business students' perception of ethics and moral judgment: A cross-cultural study. Journal of Business Ethics, 43(1/2), 89-102. Retrieved May 12, 2005, from ProQuest database.
In W. Mobley & P. Dorfman (Eds.). ), Advances in Global Leadership (Vol. 3. Then, the sand is sanded. Oxford: JAI Press, 2003. Hosmer, L. T. (1987). Ethics of Management, Homewood, Illinois, United States of America.
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
...cker, Murphy, and Friedman questioned the legitimacy of connecting anamorphic characteristics, such as moral and social judgment and duties, to an intrinsic body. This is not to say that they promoted immoral conduct by company employees or owners. Rather, they offered a supplemental, more rational way to oversee their behaviors; they did this by laws and the utilization of professional codes of conduct (Murphy, 2009). Business ethics imply the concept of social responsibility through ideas that remain divergent. The moral analysis of business practices and activities come down to business ethics because in business ethics, businesses consider their actions and decisions as well as take into consideration moral principles and values, while questioning whether ethical motives in business actions could make business more responsible, ethical, or any more successful.
Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2011). Business Ethics: Ethical Decision Making and Cases. Mason, Ohio: South-Western Cengage Learning.
How do you determine what is right or what is wrong? Personally, I feel that from within ourselves, we know when we have done right and when we have done wrong. This may not stop someone from doing wrong, but, within themselves, I believe that they know they are doing wrong. I believe that someone knows when they have hurt someone else feelings or caused harm to someone. Consequently, I do not make up a culture, which has merits on determining right or wrong. Within this report, ethical relativism will be define and discussed how it relates to right and wrong as well as the corruption that I discussed in the previous assignment.