Ethics: The Foundation of Good Business Essay

:: 2 Works Cited
Length: 674 words (1.9 double-spaced pages)
Rating: Yellow      
Open Document

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

According to the Hutchinson Unabridged Encyclopedia business ethics is the moral principles defining how businesses and business professionals should act toward each other, employees, and the public. Some professions such as law and medicine clearly have defined codes of professional ethics. In other areas appropriate behavior has been established over time by practice. Business ethics involves the role of a company in our society. Complex and contentious areas of business ethics would include the effect a petrochemical company's actions have on the environment or the obligation of a pharmaceutical company to make its drugs available to developing countries. As lobbyists and pressure groups become more powerful, companies are being forced to pay greater attention to corporate responsibility and business ethics (Business, 2009).
Human Resources Issues
A company’s human resources is its most valuable and expensive investment that can make or break a company in relation to its success. One major ethical issue faced by the human resources department is discrimination. Unfortunately, discrimination is alive and well in our business environment today, which have a major affect on local communities and organizations. One aspect of discrimination I have either experienced or witnessed is the lack of respect and accomodation for female workers, especially in corporate America. In most cases, the female employees tend to have lesser salaries than men in the same position. Companies also do not cater to women with respect to childcare issues, and lactating mothers returning to the worforce after maternity leave. Another aspect of discrimination that is prelevant in today’s business environment is the treatment of older employees, co...

... middle of paper ...

...ears, without any consideration of the damge the software issues with their cars and trucks may cause to their customers safety. The company was accused of hiding this fact because a re-call would cost millions.
There is necessity for companies today to practive excellent business ethics. Ethics is the foundation of on which good relationships are developed, it encompasses who businesses deals with their partners or associates, customers, and employees.

Works Cited
Business Ethics. (2009). In The Hutchinson Unabridged Encyclopedia with Atlas and Weather guide. Retrieved from
Trevino L.K. & Nelson K.A. (2006) Managing business ethics. Straight talk about how to do it right (4th ed) Hoboken, NJ John Wiley & Sons. Retrieved from

Click the button above to view the complete essay, speech, term paper, or research paper

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

This essay is 100% guaranteed.

Title Length Color Rating  
The Importance of Ethics in Business Essay - Per Wikipedia, Ethics (also known as moral philosophy) is a branch of philosophy which seeks to address questions about morality; that is, about concepts like good and bad, right and wrong, justice, virtue, etc. According to the Miniature Guide to Understanding the Foundations of Ethical Reasoning, “The proper role of ethical reasoning is to highlight acts of two kinds: Those which enhance the well-being of others—that warrant our praise—and those that harm or diminish the well-being of others—and thus warrant our criticism.” I think that is amazing how history seems to always repeat itself....   [tags: ethics, business] 1442 words
(4.1 pages)
Powerful Essays [preview]
Three Major Ethical Principles Impacting Business Ethics Essay - In a society with a diverse value system and increased judgment publicly by groups with varying values and interests, there seems to be more demands on business people to make stronger ethical decisions. According to McShane and Von Glinow (2010), “ethics refers to the study of moral principles or values that determine whether actions are right or wrong and outcomes are good or bad” (p. 15). In our day-to-day activities, we rely on our ethical values to guide us in the right direction and do the right things....   [tags: Ethics ] 1771 words
(5.1 pages)
Powerful Essays [preview]
NEPAD Business Foundation: Achievements that can end Aid Essay - NEPAD Business Foundation: Achievements that can end Aid The NEPAD business Foundation is by far the most resourceful of all NEPAD business groups in Africa and also remains in the fore front of implementing NEPAD policies in form of concrete programs of action to promote growth. Since the group is composed of mostly private sector group of companies with vast business ideas and strategies, it never found it difficult to mobilize resources given their track record as successful entrepreneurs. Unlike the traditional government to government Aid with nobody in particular to be held accountable for default or non performance, NEPAD Business Foundation as a group financed its programs mainly f...   [tags: Business Management] 3137 words
(9 pages)
Powerful Essays [preview]
Essay about Contrasting Ethics: Friedman and Drucker - Contrasting Ethics: Drucker and Friedman Peter F. Drucker and Milton Friedman were two immensely successful men who made a huge impact on the business world during their lifetimes. As a matter of fact, their contributions in both theory and practice are still felt today. Both men were well-educated, leaders in their field, teachers, award winners, and published authors. One noted difference, however, was their backgrounds which were vastly different. Peter Drucker was born in Austria during the early 1900’s of wealthy parents who were both professionals....   [tags: Business Ethics]
:: 8 Works Cited
1499 words
(4.3 pages)
Powerful Essays [preview]
Professional Value and Ethics Essay - In order for a person to be successful in their career a few key elements are needed. A person’s professional values and ethics play a major role in how a person performs on the job it also determines how one becomes a success. All three elements go hand-in-hand without one of them a person’s career may be affected negatively. In this paper we are going to discuss professional values and ethics and how they determine if a person will be successful in their career. There are many definitions of ethics....   [tags: Ethics]
:: 3 Works Cited
787 words
(2.2 pages)
Better Essays [preview]
Business Ethics Essay - In today’s global society, a Code of Ethics policy is used to label established, acceptable behaviors among that industry’s business associates, potential investors, and the corporation’s executive officers and employees, and most important, the consumer (Ethics Resource Center, 2003). In an attempt to promote an increased efficiency and productivity potential level, among employees and prospective clients, a corporation’s standard Code of Ethics should guide its members toward a more in-depth examination of their personal moral activity, and how these actions affect the people or acquaintances they encounter....   [tags: Business Ethics Morals]
:: 3 Works Cited
1180 words
(3.4 pages)
Strong Essays [preview]
Cultural Values And Personal Ethics in Business Essay - Every day people make decisions that may have profound effect on their personal and/or professional lives as well as the lives of others. The decision people make have a foundation on their personal, cultural, and perhaps organizational values. When these values are in disagreement, an ethical dilemma occurs. This article attempts to explain how personal, cultural, and organizational values play significant parts in decision-making. In addition, the foundation of ethical dilemmas can often be traced to conflicting values....   [tags: Business Ethics]
:: 10 Works Cited
1486 words
(4.2 pages)
Powerful Essays [preview]
Combining Military Leadership With Civilian Management Work Ethics Essay - Why do military trained personnel feel they have better work ethic than their civilian counterparts and vice versa. Peter D. Feaver (2001) fellow researcher of the international security program noted a statement by former Secretary of Defense William Cohen declared that a "chasm" is opening between the military and civilian worlds. Even though civilians have good work ethics, military personnel have the equally valuable yet different work ethics because of the training they received. A study, conducted by researchers at Princeton University, “found that while senior officials [of] the military services received higher evaluations from employees than their [civilian]non-service counterparts...   [tags: Ethics ]
:: 10 Works Cited
2571 words
(7.3 pages)
Term Papers [preview]
Essay on Ethics In The Workplace - Ethics in The Workplace We as a society are faced with ethical dilemmas virtually every day. How we handle these situations shapes our culture. But what are ethics. According to the Miniature Guide to Ethical Reasoning, ethical reasoning entails doing what is right even in the face of powerful selfish desires. To live an ethical life is to develop control of our own egocentric tendencies. It is not enough to be able to do the right thing when we ourselves have nothing to lose. We must be willing to fulfill our ethical obligations at the expense of our self-centered desires and vested interests....   [tags: Business Ethics]
:: 8 Works Cited
1794 words
(5.1 pages)
Powerful Essays [preview]
Ethics in Engineering Essay - Ethics is the moral behavior that guides our actions; it motivates us in our personal behavior and is relevant in a business setting as well. Many organizations have set forth a set of guidelines known as a “Code of Ethics”. The Institute of Electrical and Electronic Engineers, being one of these organizations, has set forth their code as a requirement for students and engineer members to adhere to. Heading towards a career in electrical engineering I choose this organization to elaborate on for my ethics project....   [tags: Code of Ethics, Honesty, Conflict of Interests] 1485 words
(4.2 pages)
Powerful Essays [preview]