Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Role of business ethics in society
Relation between corporate governance and ethics
Relation between business ethics and social responsibility
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Role of business ethics in society
The first two journal articles that were compared and contrasted were Ala Alahmad’s 2010 article on To Be Ethical or Not to Be: An International Code of Ethics for Leadership and Patrick Murphy’s 2009 article on The Relevance of Responsibility to Ethical Business Decisions. Some key findings of Alahmad’s writings were that ethics and leadership were closely tied together; they were found to be derivatives of one another. He mentioned that ethics is an individual thought process of making good or poor decisions. Alahmad described an international code of leadership that was heavily veiled with great moral fibers. Some notable characters of his code included honesty, respect, punctuality, humbleness, and great dignity. However, in reading his work it was hard to depict any original thoughts on ethics. He gathered quotes and principles from other researchers to form the body of his work. Finally, he mentioned that he did not conduct an extensive review of the literary works at best his writings should be used as subjective information only.
Murphy wrote about responsibility being at the atomic structure level as it relates to ethics. Murphy did an examination on some 2008 articles that were presented at a Notre Dame Ethical Dimension of Research Conference and how the responsibility was the crux of all the articles. In fact, where Alahmad writings tended to be leadership centric, Murphy’s writings were responsibility centric. He consolidated many types of responsibilities into six categories. They were legal, corporate, managerial, social, consumer, and societal. It was determined that legal responsibility was the foundational principle of business ethics. Murphy described the articles and proved how responsibility was ...
... middle of paper ...
...the old articles, verses the new one can conclude that we have not evolved enough in the business ethics domain.
Works Cited
Alahmad, A. (2010). To be ethical or not to be: An international code of ethics for leadership. Journal of Diversity Management, 5(1), 31-35. doi:2009231431
Drucker, P. (1981). What is business ethics?. Public Interest, 63, 18-36. Retrieved from http://www.nationalaffairs.com/doclib/20080708_1981632whatisbusinessethicspeterfdru cker.pdf
Friedman, M. (1970). The social responsibility of business to increase its profits. New York Times, 32, 33, 122-124, 126. Retrieved from http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp- business.html
Murphy, P. (2009). The relevance of responsibility to ethical business decisions. Journal of Business Ethics: Supplement, 90, 245-252. doi:2051417411
To apply this system of moral values effectively, one must understand the structural levels at which ethical dilemmas occur, who is involved in the dilemmas, and how a particular decision will affect them. In addition, one must consider how to formulate possible courses of action. Failing in any of these three areas may lead to an ineffective decision, resulting in more pain than cure.” Ken Blanchard states, “Many leaders don’t operate ethically because they don’t understand leadership; these executives may have MBA’s from Ivey League schools or have attended leadership training; they may routinely read the best-selling management books, however, they don’t understand what it means to be a leader.” They don’t model a way of ethical behaviors.
Joseph, James A. "Leadership And The Changing Role Of Ethics In Public Life." Lecture. Models of Ethical Leadership for a Changing World. University of Texas. Jan. 2001. Web.
The importance of having a code of ethics is to define acceptable behaviors and promote higher standards of practice within a company. The code should provide a benchmark for...
Explain the connection between the economic model of corporate social responsibility and “free market” or “neoclassical” economic theory.
“Ethics is about choosing or doing the 'right ' thing, the ethics of business is about making the right business decisions, or doing the right thing in business.” (Haddad, 2007) Each person decides
Palmer, D. 2009. Business leadership: three levels of ethical analysis, Journal of Business Ethics. 88(3): 525-536.
Currently, leadership is generally understood as a person with insight and wisdom of guidance, which expected to be efficient in management responsibilities like planning organizing, and monitoring performance (Kandola, 2004, p. 144). In addition, making ethical decision is important to individuals who value and take seriously institutional...
Stead, W. E., Worrell, D. L., & Stead, J. G. (1990). An integrative model for understanding and managing ethical behavior in business organizations. Journal of Business Ethics, 9(3), 233-242. Doi: 10.1007/BF00382649
Ethics is concerned with the study of morality and the application of reason to elucidate specific rules and principles that determine right and wrong for a given situation (Crane & Matten, 2010). Since law does not necessarily cover the morality of many controversial issues, moral reflection ought to be performed on any action, regardless of its lawfulness. The growing power of business in today’s society has enabled businesses to significantly impact the world. Hence, business ethics is highly relevant as it could determine whether businesses contribute or cause harm to the society at large.
Albert Carr argues that business is a game and that business ethics differs from private life ethics that individuals practice. Carr explains that practices such as bluffing and not telling the whole truth are morally acceptable in business context. Carr claims that one cannot apply a single standard of ethics universally as situations differ from one to another. My response to such claim is that I refuse to accept that businesses cannot be strictly ethical.
Ethical leadership is having an understanding of who you are, what your core values are, having the courage to live them all, in your personal life as well as your work life. Ethical leadership involves leading in a manner that respects the rights and dignity of others. Ethical decision making and leadership are the basis of ethical organizations. Leadership is a relationship between leaders and followers. The foundation of this relationship is trust. The leaders themselves must be ethical in their decisions and actions in order to influence others to behave accordingly. Ethical leadership is to know one’s core values and having the courage to live them through one’s life. Ethics and leaders go hand in hand; ethics is the heart of leadership.
Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2011). Business Ethics: Ethical Decision Making and Cases. Mason, Ohio: South-Western Cengage Learning.
“Ethics can be defined as moral principles that govern or influence a person’s behaviour and values are the context in which an organisation or society’s norms are established and justified” (buzz text book).Ethics are the guidelines helping us tell the difference between the is wrong and right. Most people are encouraged by ethics to normally do the right things. Ethics and values are based on individual beliefs and standards in society that one if from, they vary from person to person. Leadership is the authority and capability for one to lead people in an organization in order to achieve goals. They are the main role players in all the organizations and are crucial to their success. Ethics in a business means taking the precise way’
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