Ethics And Social Responsibilities

Ethical Effects Organizational culture is the basis for which ethical behaviors are established. The recognized levels to which ethical behaviors are or are not acceptable come directly from an organization’s culture. Organizations must lead by example in this area. Working conditions in respect of ethical standards, represent a guarantee for achieving the desired business success. Contemporary successful managers work on highly professional managerial level, respecting business ethics.

“They need to be able to help their team members believe in the value of full engagement and inspire them to pursue it on a personal level” (BlessingWhite, 2008, p. 21). Corporate Responsibility Corporate culture is important to maintaining organizational controls. Through corporate culture, a company can promote values, beliefs, and ethics. Everyone has their own individual values, beliefs, and ethics, but as an organization, it must enforce ethics through its senior leaders, codes of conducts, and compliance programs. Just as companies can have negative impact on individuals, it can also have a positive effect on its workers.

Question 1 Explain the importance of ethics and values in business sustainability In order to answer this question we need to understand what ethics and values, business ethics and business sustainability means. What are ethics and values? Ethics can be described as rules and regulations that govern a person’s behaviour. In order for a good business reputation, the employer and employees need to work towards customer satisfaction Values are our beliefs. They provide guidance when we have to define what is right and what is wrong.

Deals with the truth and law, with interest of how we behave in society, corporate behavior and carrying of social responsibility. Business ethics Is the applied ethics in wide spectrum it is the application of moral obligations or principled norms to the business. Ethics aim to answer essential inquiries whether the establishment can make decisions beyond their lucrative basis. Sets the standards with what kind of behavior is acceptable in the workplace. Eskom believes that ‘Integrity, Excellence, Customer Satisfaction and Innovation, but it also establishes the foundation for the interaction of Eskom’s Board of Directors and teams with colleagues, customers, suppliers, shareholders, the environment, the public and other stakeholders.’ In ensuring that quality services are delivered to their clienteles and management should lead the way in screening other departments what is the right way to behave in the workplace.

Truly, ethics indicates weather are behavior is moral or immoral. Furthermore, values ultimately, identifies the fundamental human relationships. Thus, business ethics is critical for a business to succeed (Floyd, Xu, Atkins, & Caldwell, 2013). As there is a variety of arguments of why business ethics is essential to an organization; indeed, one of the most important reasons is enhancing business performance (Floyd et al., 2013). Clearly, numerous of empirical studies displayed benefits of being perceived as an ethical business.

They explain that finance professionals have an obligation to others that work in the industry, and to uphold this obligation, one must hold ethical standards to a higher level. The three main principles of ethics that they stress are competence, confidentially, and integrity. All of these human characteristics must be maintained in a business setting during situations where ethics come into question. Many professional organizations and companies have similar codes of ethics for employees and organizational members to follow. Organizations and large corporations such as Google have shown to take

I believe the organizations boss and managers need to practice ethical behavior towards each other and towards everyone that they employee. (Pontus & Scherrer), 2011 discuss lateral violence in their article and state the leaders set the tone and leadership needs to promote a culture of respect by their actions. I think that open and honest dialogue will help uphold an ethical work place. This means that people in leadership positions have to be role models that lead by example in regards to the standards they expect others to live by. I also believe that it needs to be clear what the company expects from its employees.

Accountants have ethical responsibilities to themselves, their clients, their employers, their families and their profession as their profession allows them to maintain a fiduciary relationship with the public (Senarante, 2011). These responsibilities are set out in the codes of conduct and the policies of businesses. The Accounting Professional and Ethical Standards Board (APESB110) addresses the potential ethical conflicting threats that occur in the workplace and the safeguards that can be applied to resolve them. The APES encourages members to act in the public interest and it also establishes a framework that requires members to identify, evaluate and address threats in

There are firms that hire consultants and ethic experts that will teach corporate ethics, so that they can ensure that employees will behave in an ethical manner. We will see that what one culture may consider moral may not be accepted by another country as being moral (Satterlee, 2009). Between cultures, ethical differences can be complex and vast. The author Satterlee gives us the following example in “Cross Border Commerce”; he states that ethical differences can be seen in the... ... middle of paper ... ... expand globally and ethical conduct of the professionals and employees is important because the cultural diversity that is associated with their expansion(s) can undermine shared cultural and ethical values. Understanding of other cultures and recognizing the differences help, however, it may not be sufficient in providing sustainable guidelines of proper ethical behavior.

Ethics, morality, and law are the typical foundation for the code of ethics or the code of conduct for an organization. The following will analyze the code of conduct for Microsoft and Google. Microsoft’s Standards of Business Conduct Microsoft’s Standards of Business document uses morality, and ethics, as well as law to formulate their code. The document begins with a statement of values in which there are the moral concepts of honesty, integrity, respect and accountability. Also in the opening section is the ethical concept, willingness to take on big challenges, which empowers the employee to make decisions based on what will be best for the company, which is in line with utilitarian philosophy.