Angela is faced with the knowledge that her neighbor’s nephew Jaden, Angela’s coworker, will most likely be losing his job in a few weeks and Angela just learned that Jaden is about to put down a deposit on a house. Like any good person Angela is probably feeling the urge to tell Jaden not to put a deposit down and go and look for a new job. However, Angela has a higher position in the company and is not privileged to divulge such information. Angela is at a crossroads; she could tell Jaden and save him from a financial burden or follow the rules and keep the information to herself. For example, if Angela tells Jaden, Angela could be faced with a lot worse than just loosing her job. Angela will most likely be in breach of contract from her company, not only will she be …show more content…
Money is the cause of a majority of unethical decisions in business. For example, overcharging customers, underpaying employees, and scamming stockholders are just a few of the unethical things performed at companies around the world. Employees need to understand that having ethical business values will create a more positive workplace. Places that are viewed in the community as being honest are more likely to succeed in the long run and are less likely to run into problems over issues that have nothing to do with the business itself. Companies today operate in a 24 hour media frenzy where anything and everything is a story. When faced with unethical decisions employees need to be able to look towards their leadership and their company’s core values. However most of the time employees need to look at themselves and decide whether or not they want to be an honest person who conducts themselves to the highest standards of business (Exploring business, 2014 pg 71, 72). Companies can establish all sorts of ethical guidelines, but at the end of the day it is up to the individual to carry out an honest day’s
Employees of companies must consider their actions before making decisions and remember they have an ethical responsibility to the organization and use high moral standards to influence their decisions. Ethical responsibility is crucial and goes beyond personal values, it takes into account which actions provide the greatest benefit for the greatest number and produces the least amount of harm. Not all decisions are black and white, many fall into gray areas. When individuals make unethical decisions it can damage the name of the organization. In the business world the reputation of an organization is based on its integrity. A company must acquire and maintain customers to survive and grow in today’s competitive global market. Rational
Incorporating ethics into everyday decisions in the business world can greatly reduce the scandalous behavior that has as of late has run ramped. Obviously, we have seen the results and consequences of business conducted absent any moral or ethical boundaries. When decisions are made without the consultation of ethics there is no direction from the moral compass and surely consequences will follow. Choices contemplated by managers may often seem difficult, but assessing the options against ethics can assist the manager in making the best decision.
Ethics in business environment is core values and standards to guide one’s decision-making. (Mintz and Morris, 2008) Maxwell (2003) introduces “Golden Rule” to decide what constitutes to be ethical by asking one “How would I like to be treated in a particular situation?” Hence, unethical behaviours include allegedly inflating earnings to meet stockholders expectation in Healthsouth Scandal in 2003.
Business ethics are the moral principles that describe the way a business behaves. Because businesses are treated as “persons”, it can be said that the same principles that determine an individual’s actions can also apply to business. Making ethical choices involves distinguishing between right and wrong, and then making the right choice; and while it can be easy to identify unethical business practices, such as using child labor or not paying employees properly, good ethical practice can be harder to define simply because what is deemed right is not always universally accepted. In other words, everyone has a unique moral compass, and can see black and white as different shades of gray. In the face of this, every business holds corporate social responsibility to act fairly for their employees’, stakeholders’, and sometimes even the earth’s sake. However, whether or not the business adheres to this ethical paradigm varies.
In today society you always hear about how company is conducting themselves ethically. This concept can sometimes help or hurt a company in the worst way possible at times. However, ethical conduct is not only the company’s responsibility but also the individuals. Granted the majority people do have that internal sense of what is right and wrong, that however doesn’t mean that they always listen to that still small voice.
In the business industry, there are ethical dilemmas that occur on a daily basis. Some ethical dilemma can include stealing or even having fraudulent documents in order to get an unfair advantage within the organization. Another ethical dilemma that has been brought into the light is bribery. What makes bribery unique is that in various parts of the world, bribery has become an acceptable behavior whereas other parts of the world people would consider that as unethical behavior. In order to understand what is acceptable or not when trying to bribe public officials, we must understand the principles of what is considered to be ethical or unethical.
The selected issue for the paper is where an employee has not given their current or potential customers accurate information when opening accounts or requesting new services from Washington Mutual. When a person is in the workplace proper business ethics is used on a daily basis. An employee can make ethical decisions by applying their critical thinking skills to the situation they can ensure that the decision that they make is the right decision. The decision process can be very tiresome process but with the proper procedures one can become a better decisions maker.
I discovered how sticking to one’s morals should be the topmost priority for everyone involved in business, whether personal or professional. Regardless of what the consequences may be, the intensity of the problem, and the complexities it may bring, sacrificing one’s integrity should never be an option, as integrity goes hand-in-hand with the morals of an individual (Duggan & Woodhouse, 2011). They further go on to say that having individuals take part in building a code of ethics that supports employee integrity, they will act ethically. Also, I believe that companies should place more emphasis on the moral behavior of their employees, and clear-cut policies should be set regarding such ethical situations. Furthermore, I realized how serving justice while making decisions really helps in the long run, and that opting to go for the ideal rather than they deserved is not always the best option, and could hurt a company in more than one
To provide an example of a breach of ethical conduct in the workplace, we may remember the case of a financial manager in a corporation that decided not to pay overtime to some employees. After a deep outside investigation, the company was summoned with thousands of dollars to remedy the payment that was supposed to be paid to all employees who worked more than forty hours per week. Again, it is needed more than just a booklet stating that the company adheres to the code of business ethics. It is needed serious managers that can run the company with the most seriousness as possible. Consequently, any written codes of business ethics, regardless of how well it has been crafted, need people that adhere to its internal content with a serious desire to do the right thing.
In general, in most cases, some of decision we are face with on a daily basic will force us to make an ethical decision in our jobs, homes, and family emergencies. Therefore, when these situations are brought up we need to have a better understanding of ethics to make a good judgement. In short, “Ethics is a branch of philosophy and is also called moral philosophy. Ethics “asks foundational questions about the good life, about what is better and worse, about whether there is any objective right and wrong, and how we know if there is” (McKinnon, 2011, p. 4).
The field of ethics (or moral philosophy) involves systematizing, defending, and recommending concepts of right and wrong behavior (Fieser, 2009). Many of the decisions one faces in a typical day could result in a multitude of outcomes. At times it can be hard to determine whether or not the decision you are making is an ethical one. Many philosophies have been devised to illustrate the different ways of evaluating moral decisions. Normative ethics focuses on assessing right and wrong behavior. This may involve reinforcing positive habits, duties we should follow, or the consequences of our behavior (Fieser, 2009). Of the many normative philosophies two stand out to be most accepted; teleology and deontology. Although they oppose each other in how actions are evaluated, they uphold many similar characteristics under the surface.
Focusing on what is best for the organization as a whole and not self greed, not focusing on short-term profits but the long-term profit goals for the shareholders, investors, and employees would help keep employees ethical (Ferrell, et al, 2009).When an employee is fearful of losing his or her job, unethical conduct can be the result of trying to keep that job (Ferrell, et al, 2009).When pressures are placed on employees to make money quick, fast, and in a hurry, the results could be unethical behavior (Ferrell, et al,
The textbook defines business ethics as “the accepted principles of right or wrong governing the conduct of business people.” Business ethics also govern the members of a profession and the actions of an organization. Many organizations put into place an ethical strategy which is “a course of action that does not violate accepted principles.” These principles are used to guide organizations and employees to make the right decisions.
Ethics is the study of right or wrong and the morality of the choices that individuals make. That basicly means the set of morals or responsibility that a person, group, or field have. Ethics can also be classified as code of morals. In business there are ethics that portray to business. These are called business ethics, business ethics just happen to be the application of ethics, morals, into the business field. Some examples of business ethics are obeying all rules and regulations even when nobody 's looking, which is pretty self explanatory, you shouldn’t be breaking rules. Even if it is as simple as washing your hands after you use the restroom or straight up lying to your customers, they are the ones making you money so if they find out
Business ethics are a set of moral rules that govern how a business operates, how people should be treated within an organization, and how business decisions are made. They are a crucial part of employment and in managing a sustainable business, mainly because of the serious consequences that can result from decisions made with a lack of regard to ethics. Even if you don’t believe that good ethics don’t contribute to profit levels, you should realize those poor ethics have a negative effect on your bottom line in the long-run. Every business in every industry has certain guidelines to which its employees must stick to, and regularly outline such aspects in employee handbooks.