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.
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When travelling for business between different countries it’s very important to understand the different ethical practices. When looking into the different ethical business practices in organizations we will look at the four largest and fastest developing countries which are commonly known as BRIC; Brazil, Russia, India, and China. There are many similarities between these countries; however India and Brazil seem to have a more favorable ethics rating than China and Russia. While there are similar perceptions on ethical business practices, these ideas are not shared globally. As these four countries grow economically, it’s becoming more important for business leaders to understand their ethical differences.
In business, creating a culture of ethical behavior and productivity are two of the most important elements in daily operations. There are deferring opinions on how to establish those standards. One standard is universal in which human rights are general and should apply to every human being or having a one-size fits all standard of practice (Hugh, M.C., 2002). For example, an organization could great a set of ethical standards that universal and standard to apply to its members. However, the opposing view is cultural relativism, where the view that all values are meaningful only within specific cultures (Hugh, M.C., 2002). In other words, each culture defines what is right and what is wrong. Applying this to business, an organization can create ethical standards that are specific to their service line and provide specificity to members about their services, behavior, and social
The definition of stakeholder is “ Any group or individual who can affect or is affected by the achievement of the organizations objectives.” (Freeman, 1984). Three stakeholders that have been identified are old employees (50s-60s), young employees, and shareholders. These three stakeholders could be affected the most by the CEO’s decision.
Personal, cultural, and professional values and ethics drive the decision making process for most individuals and businesses in our society. Ethics reflect our conscience, morality and how we apply these concepts in deciding right from wrong (Covey 66). Ethical awareness is critical for how we conduct our lives and make choices in the workplace; by defining personal and ethical values, individual and business alike can become more productive members of society. a
The business world holds high expectations regarding what is ethical and what isn’t. Ethical behavior is behavior that a person considers to be not only appropriate, but also credible. When we are born, it is our parent’s responsibility to raise us in a way that teaches right from wrong. However, life becomes different when we are able to think for ourselves because then it becomes our own responsibility to decipher between right and wrong and this is when our moral principals begin to shape. As our moral principles continue to develop it can, at times, be severely affected by the people we associate with. There are many things that can influence how a person views the difference between right and wrong; family, life experiences, culture, and religious beliefs are just a few examples.
“Masters, grant to your slaves justice and fairness, knowing that you too have a Master in heaven” Colossians 4:1 (Dake’s Annontated Reference Bible). Leaders should always treat their employees and fellow business leaders with respect and dignity and should never violate ethical codes of conduct. Christians have a Lord and Master in heaven and should never treat people unethically because our lord and master will judge us for this on Judgment Day. It is important that all people even non-Christians follow universal values, morals and ethical behavior in all business activities. This paper will talk about three different secular views of business ethics, why it is important to practice common standards in the business world.
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Organisational cultural models suggest reinterpreting ethical differences as a product of different experiences rather than viewing conflicts as “right” verses “wrong.” Ethnocentrism is the tendency to view one’s own cultural groups system of beliefs and values as morally superior to others. Influences on ethical behaviour include (a) prior individual development as an ethical person; (b) the organisation as an ethical environment; and (c) implemented procedures that encourage ethical behaviour. Attempting to change someone else’s ethics requires investments of time and resources. Research indicates that observed ethical standards within an organisation will have a significant effect on individual behaviour. Informal values and norms also have a strong influence on individuals’ behaviour likewise do the actions of mentors and leaders within the organisation. Strategic leaders should review and understand that the importance of their actions, more than words alone, will have greatest impact to advocate idolised change in another’s ethics. Cultivating appropriate and rewarding ethical change from another can also be achieved through action, guidance, awareness, analysis and understanding an individuals’ primary and existing assumptions that lead ...
Ethical standards that evolved over the history of Western civilization deal with interpersonal relationships. What is right or wrong? What one should do and not do when dealing with other people. Ethical behavior in a business environment has not been as clearly defined. When businesses were small and the property of a few individuals, traditional ethical standards were applied to meet different situations. However, as businesses became larger, the interpersonal ethical relations did not provide any clear behavioral guidelines. Likewise, the principles of ethical relationships were even less pertinent to the corporate environments.
Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2011). Business Ethics: Ethical Decision Making and Cases. Mason, Ohio: South-Western Cengage Learning.
In the business world there are many fundamental aspects and situations that can lead to several issues. In order to find an optimal and professional solution, business decision makers need to apply moral and ethical standards. And it is at that moment in which business ethics perform its role. Business ethics, which is in charge of examine how companies and individuals should act in business situations, is very essential in order to reach a common agreement and to work within the laws of business and solve an arisen dilemma. Working of the hand of ethical business companies, employees, investors, directors, and even individual officers can be beneficiated and obtain most favorable outcomes.