Ethics or rather morals entail mechanisms that defend, systematize as well as recommend conceptions of right or wrong. Many organizations develop ethical codes to ensure employees and employers understand the difference in doing good or bad. In that respect, ethics are an essential aspect of successfully running of any organization or government. Ethics ensure employee’s productivity levels are up to the required standards. It also assists them to know their rights and responsibilities. Additionally, employers, as well as any persons in management, are guided by them to ensure they provide transparent leadership. Ethics also defines how customers should be handled. Ethical codes govern the relationship between customers and an
Ethics is something that every person positively or negatively possesses within his or her framework. Ethics and moral integrity should always have a place in some aspects of business and personal decision making, to ensure the basic principles against lying, cheating or stealing is preserved. However, ethics should not necessarily dominate every business practice and decision within an organization. It is evident in our current society that the lack of ethical standards has resulted in moral degradation and led to an increase in crime, terrorism and the careless disregard for human life. Therefore, a strong ethical standard must be engrained in our society to further foster and promote positive moral conscience and social accountability.
Principles that help to decide between what is right and what is wrong is defined as ethics. In addition, ethical behavior is when a person behaves in a way which will be accepted by the whole society. “Ethics refers to a set of standards used to judge the rightness or wrongness of a person’s relations to other in terms of truth and justice” or “management ethics is conceptually identified as a group judgment, a collective set of principles, as an agreed upon set of standard” are similar definitions that have been proposed by various researchers. According to the definitions ethics covers moral judgments and voluntary actions as to what is right and what is wrong. Managers who hold the authority and power have some responsibilities such as Institutional ethics, Individual ethics and Social Ethics from the point of business ethics. Try not to hurt others, not to tell lies and to keep one’s word are considered as the ethical duties and responsibilities which might be changed from a person to another. And because of this no single right decision exist....
All organizations have ethical issues, which need to be dealt with in a specific and timely manner in order to satisfy all of the parties involved. In an environment where companies are in a fish bowl and everyone can see everything, it is important to have specific rules and regulations in place. It is just as important for the employees to have well defined objectives and detailed codes of ethics to follow in order to behave according to the culture of their specific company. Without standards and a written code of ethics, managers would have a difficult time providing clear and consistent objectives to the employees. Some of the items, which need to be identified by management, include; Issue clarification, Stakeholder analysis, values identification, issue resolution, addressing objections, and resolution implementation.
Ethics and values are important to an organisation, therefore organisations have developed guidelines for management and employees on how to act and behave ethically in the form of written Code of Conduct. A Code of Conduct promotes honest and ethical behaviour and all employees should be familiar with it in order for it to be effective. Organisations have established ethics committees and governance officers who have the duties to make sure that employees understand and behave according to the rules and regulations...
Ethical definition does not change; however, ethical intention can vary with circumstance, audience, or demographic variables. Ethics remains the guide by which an individual or group of individuals will determine its thought processes and its actions. Ethics as it pertains to any business or organization is the foundation by which operating principals and policies are established. Ethical dominance must remain consistent during organizational change. Change is natural phase for any business or organized group. Whereas, change is necessary for growth and sustainability; ethics is a component that is built upon and should not be viewed as a system of constant re-imagery.
Pooja Parikh 1213-92 Stakeholder essay diversity- Rough Draft There are a wide array of problems surrounding diversity that date back many years. All these years’ people have been ridiculed for the way they look or for what they believe in. There are four groups of people that have a major stake in the argument surrounding diversity who are feminists, the LGBTQ community, the young and old in the work force, and minority religious organizations. These groups are not the only people who face are faced with this issue, but they are the main groups I would like to focus on.
Ethics can be defined as the system of rules that governs the ordering of values. Most people are ethical, unbiased, and make good decisions. However, there are people who tend to be bias and favor themselves and their group over others. In business, they are better described as the moral principles and standards that guide behavior. Which basically means that there is a right and wrong in the workplace and in order to be ethical, you must understand the difference between the two. The decision to behave ethically is a moral one; people must know how to decide what the right course of action is. Decisions taken within an organization may be made by either individuals or groups, but whoever makes them will be influenced by the culture of the company. For example, unethical behavior or lack of corporate social responsibility may damage a firm’s reputation, therefore making it less appealing to stakeholders. As a result, profits could fall.
In “Diversity and Ethics, Keys to Corporate Success: Interview with Global CEO Skanska” the author, Natalia Brzezinski, writes about Skanska’s corporation and their highly maintained corporate vision. Johan Karlstrom is the one being interviewed by Brzezinski and also happens to be Skanska’s chief executive officer.
Ethics is one of the guiding principles in business. In essence, ethics is acting within the precepts of an acceptable code of behavior so as not to cause harm intentionally to the community or people around you. Business leaders should be guided by good ethics when carrying out their duties, for instance making decisions. A good manifestation of an organisation that upholds good ethical standards is by show of how their actions affect their customers or the general society. For instance does the organization act on customer’s complaints or do they ignore them? Does it over-price its products? Does it ensure quality of the products meets the stipulated legal requirements? Does the organisation remunerate its employees reasonable wages?