Ethics and morale behavior is the topic of concern for many professions. “Ethical principles are universal standards of right and wrong prescribing the kind of behavior an ethical company or person should and should not engage in.” (Institute Nov 2013) Management and Accounting practices are not unlike most although in this study it is highlighted the varied opinions and practices conducted by many of these professionals as to what is within the bounds of ethical behavior. These professionals are held to several profession standards of practice, laws, and regulations created to assist them in making the right decision. Mary Guy (1990) stated that “Ethics can be a particular problem with financial reports. Accepted accounting principles leave ample room for arriving at different results in the short run. Highly subjective estimates can substantially influence earnings.” In an analysis of the survey there were several instantiations of management practices dangerous to ethical practice.
First generalization observation was that many of the manager where willing to look beyond what was ethical conduct in an effort to maintain a health bottom-line. Even if it was a short term win for the company, in the greater scenario the long term financial health of the organization would be impacted. If some of these short term morale compromises are left to continue the company, stockholders and employees could be seriously impacted by the actions of a management lack of long term focus.
Second generalization there were several examples of managers willing to compromise accurate and timely reports again seeking a positive bottom line at the end of a quarter. While most of the examples where not outside the law or regulations t...
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...nization, not just the bottom-line. If the company or department has a short-term negative result that is the time a manager must assess all aspects of business model to seek shortfalls or new ethical business practices that will create a positive result in the near-term. An organization must have a clearly defined and practice policy of checks and balances to create a culture a moral and ethical behavior. Quality manager will accept short falls by taking corrective action, and lead the organization in a positive manner to a better way of doing business.
Works Cited
Guy, M.E. (1990). Ethical Decision Making in Everyday Work Situations. p. 5
Josephson, M. (Nov 2013). 12 Ethical Principles for Business Executives. Retrieved for this paper Dec 18, 2013 from http://josephsoninstitute.org/business/blog/2010/12/12-ethical-principles-for-business-executives/
Ethics plays a vital role in developing accurate and high quality financial statements for management, financial institutions, and investors. As management utilizes financial statements to make decisions regarding the operations of the business, it is necessary to review accurate financial statements to make strategic decisions about the future of the organization. Investors and financial institutions require accurate financial statements to make informed decisions upon whether to invest funds into the organization or the wisdom of lending funds to said organization.
Trevino, L. K., & Nelson, K. A. (2011). Managing business ethics: Straight talk about how to do it right. New York: John Wiley.
Christos is very smart while also trying to overcome a life changing disability. He is trying to become a professional bird watcher. In The Westing Game, on page 136, Chris states, “ Look isn't it beautiful.” Then
The behaviors addressed in this article are essential in the aspect of ethical decision making in management area.
Trevino, L., & Nelson, K. (2011). Managing business ethics - straight talk about how to
...urvey of ethical behavior in the accounting profession. Journal of Accounting Research, 9 (2), pp. 287-306.
Brooks, L., Dunn, P. (2012) Business & Professional Ethics for Directors, Executives & Accountants. 6th Edition. Thompson South-West.
This paper is an analysis of the ethical business decision matrix developed by The George S. May Company (May), a management-consulting firm. The paper will also compare how these guidelines were used by John D. Beckett (Beckett) in his company and how the author’s firm, PricewaterhouseCoopers, LLC (PwC), uses them. The guidelines are meant to be used by employees. These guidelines are specifically a measure of moral and ethical principles tied to business ethics in acceptability of right and wrong behaviour in the workplace.
For this paper Washington Mutual has been selected to show how the ethical decision making process can be achieve. When it comes to business ethics in the workplace Washington Mutual has designed what can be considered a well balanced workplace with behaviors that are aligned with their moral values and business ethics. Business ethics are sometimes depicted as resolving conflicts where one option can appear to be the correct choice. There are many different ethical dilemmas that are faced by managers and leaders everyday that are highly complex and have no clear choice or guidelines to assist in making the choices for resolution. There are times when an employee has to decide whether or not to cheat, lie, steal, or break their contract. These ethical decisions are real-life situations where they are forced to make on a daily basis. This is why it is ultimately important that all employee know the six steps to ethical decision making that the company uses.
“Ethics 101”by John C. Maxwell, is a book to help determine your standard of ethics once you enter the professional arena. The book uses a variety of situations and primarily discusses what Maxwell calls, “The Golden Rule”. This is essentially a motto to live by when making ethical decisions. The main concept of this rule is to do unto others as you would want them to do to you. This is essential to be a respectable person in the business world, but something that is often forgotten once money & power comes as the benefits of breaking your ethics.
Ferrell, O. C., Fraedrich, J., & Ferrell, L. (2013). Business ethics: Ethical decision making and cases: 2011 custom edition (9th ed.). Mason, OH: South-Western Cengage Learning.
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.
Treviño, L. K., & Nelson, K. A. (2007). Managing business ethics: Straight talk about how to do it right Fourth ed., Retrieved on July 30, 2010 from www.ecampus.phoenix.edu
Financial reporting is an example of an ethical problem for an organization or business. Many busin...
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.