As the leader, a person should have a foundation of framework to handle any ethical dilemmas. According to Big Success (2008), “ethical decisions are often trade-offs between utility, rights, and justice.” When describing utility, it is referred as the value delivered to the stakeholders in the organization. The rights are referred to as the entitlement to something and justice is described as the equitable sharing of pain and pleasure. Leaders have to be ready for an issue with ethical problems and ready to solve with ethical
They provide guidance when we have to define what is right and what is wrong. With values we need to determine whether we meet a certain standard when it comes to our actions. What are business ethics? Business ethics can be defined as professional ethics that examines ethical problems arising in a business environment. Business ethics guide the way a business behaves.
Some ethical issues will be discussed below. Code of conduct is a guideline on how employees should conduct themselves in a work environment and it also explains your role within an organisation. A code of conduct is there to promote honesty and ethical conduct, the correct public disclosure and legal compliance so that fraud, dishonesty and criminal conduct can be avoided. Whistle blowing is when an employee raises a concern to people who have the correct authority and power to ... ... middle of paper ... ...le- low concern for people and high concern for production. 3.
An ethical climate fosters an environment that nurtures confidence, productivity, building relationship and teamwork. Biases can play a major factor when dealing with moral decision making within the workplace. In order to avoid biases, individuals need to try and became aware of them. Ethical dilemmas have the ability to rip apart and organization but with the right managers and an ethical climate, they can be minimized. As a final point, in order for any organization to be successful ethics, morals and values must be instil in the company and every employee.
Therefore from this, we can deduce that ethics play an important role in the workplace as these principles determine the manner in which tasks are conducted by individuals, the moral standing of an individual and how these things affect the way in which an entity will operate. Types of ethics, namely 3 : Descriptive ethics: This a description of people’s behaviour and/or the moral standards they claim to follow. Normative ethics: Creating or evaluating moral standards. It is therefore an attempt to figure out what people should do or whether current moral behaviour is reasonable. (Nieuwenhuizen et al.2014) Analytical ethics: The study of assumptions people make under normative ethics.
Documentations that state significant philosophical principles and make clear the values depicted within an organisation are known as ethical codes. For these codes to be considered effective they are required to be able to define the responsibilities of an organisation to stakeholders, the conduct expected of employees (Kaptein & Wempe, 2002) and articulate the ethical parameters of the organization as to what is acceptable and what is not (Stevens, 1994). While behaviour of course, refers to the ethical behaviour of individuals in organizations. Employee behaviours are purposely designed to be affected by codes, regardless of the extent of the script. As much as codes are used to enhance social responsibility and explain the norms and values of the organisation, it would be equally important to consider how codes can influence behaviour.
The Importance of Ethics and Values in Business Sustainability Ethical and Unethical Behaviour According to definition, ethics are an individual’s moral judgments between right and wrong actions. Ethical behaviour is a moral decision as the decision maker has to decide which is the right course of action and may have to reject the option that would lead to quick profits for the organisation. Business ethics govern the decisions made by an individual or a group of decision makers within an organisation and are therefore influenced by the culture of an organisation. Ethics are influenced by individual factors such as values. Values are defined as “attitudes towards things like truth, justice, honesty, loyalty, etc.” these are the basis of how employees should behave the work background of an individual, and the personality of the individual influence ethics.
I also believe that it needs to be clear what the company expects from its employees. Employees need to feel a sense of responsibility towards the company’s ethical principles and both the boss and the workers need to have a personal sense of responsibility towards their job. This means that when workers see something they believe to be unethical they need to discuss it with someone in authority without fear of retribution. Below I have compiled a list of ideas I have for what I believe it takes to make an organization
But what is the right thing to do when it comes to social responsibility? Is the decision that was made also ethically correct? “Strict government regulations are necessary to make companies behave ethically.” Business ethics defines how a company integrates core values – such as honesty, trust, respect, and fairness – into its policies, practices, and decision making. Business ethics also involves a company’s compliance with legal standards and adherence to internal rules and regulations. In today’s world, a large number of companies are designing values-based, globally consistent programs that give employees a level of ethical understanding that allows them to make appropriate decisions, even when faced with new challenges.
The Association of Ethics and Culture in an Organization. A plethora of business organizations, employees, and Executive Managers are challenged with pressing issues that varies such as, situations being against the law, within the confines of the law but, damaging to employees or civilians, instances where the laws are not enforced ,thus, the acts of trade and performance begs for moral judgement in all aspects. The etymological term that is used to define a right moral judgement toward every situation is known as ethics; According to Richard Daft, “Ethics are credos and moral values which govern the performances of an individual or group as it pertains to right or wrong choices” (Daft, 2012, pg. 122). As individuals, we are expected to socially behave in a manner that is considered as a norm within the society; even so, organizations are expected to be conducted with great ethical values toward the public.