Ethics is the study of right and wrong. It is where personal values and judgment play a critical role in making ethical decisions. Individually, in “business ethics” the principles and standards that guide business decisions are more than a simple extension of employees’ ethics. In Badaracco’s Frameworks for Decisions, Professor John Badaracco advises and guides corporations by asking them to include four significant questions that may help solve any ethical issue that can occur in or out of the office. He explains that the first question that I should ask as an employer is, which way of proceeding will get me the best net-net consequences? Second, which individuals and which groups have rights we cannot violate, no matter what? Third, what …show more content…
First, we will nominate a small committee that will mediate amongst each other. After the committee has a contract written up about the rules of social media use, a type bylaw shall be set in place for the company to follow. The bylaw should include the manner at which the employees should carry themselves outside of the corporation, including what they post online. The way they portray themselves in the office is the same way they should be portrayed out of the office. We shall set an amount of warnings or strikes that employees can receive before being sent for employee review. Since our business has yet to set specific policies and guidelines set forth by the business, many of the issues have been violated. Because of this, we have no clear way of stating or holding them accountable for their misconduct yet. After review with the entire company, we will come to a majority vote in order to set the …show more content…
You are an attribute to this company’s success and flow. Although you (the stakeholder) may have lost interest in the logistics of our company, we sincerely apologize for any issues we have caused in the community. I want the community to know that we are working towards change and how we would like to be portrayed by the public. We have found a solution that will not only bring positivity back into the lives of the stakeholders, but we have done so in a manner that doesn’t affect the personal values our employees
Trevino, L. K., & Nelson, K. A. (2011). Managing business ethics: Straight talk about how to do it right. New York: John Wiley.
The use of social media within the fire service is a controversial civil issue in which parties on both sides may feel as though his or her rights have been violated. Many fire and emergency services organizations, nationwide have established policies that prohibit and/or restrict the use of social media by employees, due to the growing problems associated with its use. Social networking is a relatively new issue to the legal system with judicial opinions that vary in wide degree. Social networking has become a tool that can convey a positive or negative image upon a fire department, therefore posting must be performed in good taste as to not convey negative public opinion upon the fire department and its members.
Trevino, L., & Nelson, K. (2011). Managing business ethics - straight talk about how to
Brice,Fifer,S & Naron,G(2012)Social Media in the Workplace.The NLRB Speaks:Intellectual Property & Technology law Journal ,24(10),13-17)
Workplace ethics engages in judgements and collective agreements regarding a suitable guide of behaviour. The ethical decision making framework (EDM) presents, business decision is ethical or unethical.EDM provides an indication of traditional decision making process and issues that manipulate ethical decisions. Employees tend to fraud because they can experience the unfair treatments or situation that they face. Manages may ask employee to work long hours, and then they can take additional time off. Good performance leads to remunerations and appreciation managers than workers.
Ethical behavior is behavior that a person considers to be appropriate. A person’s moral principals are shaped from birth, and developed overtime throughout the person’s life. There are many factors that can influence what a person believes whats is right, or what is wrong. Some factors are a person’s family, religious beliefs, culture, and experiences. In business it is of great importance for an employee to understand how to act ethically to prevent a company from being sued, and receiving criticism from the public while bringing in profits for the company. (Mallor, Barnes, Bowers, & Langvardt, 2010) Business ethics is when ethical behavior is applied in an business environment, or by a business. There are many situations that can arise in which a person is experiencing an ethical dilemma. They have to choose between standing by their own personal ethical standards or to comply with their companies ethical standards. In some instances some have to choose whether to serve their own personal interests, or the interest of the company. In this essay I will be examining the financial events surrounding Bernie Madoff, and the events surrounding Enron.
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.
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. A company should utilize this strategy as a model for the professional behaviors and responsibilities of its constituents, and proves the occupational advancement of that business. Ethics are important in every level of a corporation, but specifically in the day-to-day actions of its members, and the image the company broadcasts to its associates is fundamental in building a stable business foundation. These pledges are a vital communication tool used to covey the firm’s standards for business operations, and predominantly, its relationships with the surrounding communities (Ethics Resource Center, 2003).
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
Ethics in business is a highly important concept, as it can affect a company’s profits, salaries paid to employees and CEOs, and public opinion, among many other aspects of a business. Ethics can be enforced by company policies and guidelines, set a precedent when a company is faced with an important decision, and are also evolving thanks to new technology and situations that arise due to technology usage. Businesses have a duty to maintain their ethical responsibilities and also to help their employees enforce these responsibilities in and out of the workplace. However, ethics and the foundation for them are not always black and white. There are many different ethical theories, however Utilitarianism, Kant’s Deontological ethics, and Virtue ethics are three of the most well known theories in existence. Each theory is distinct in that it has a different quality used to determine ethicality and allows for a person to choose which system of ethics works best with both the situation and his or her personal ethical preferences.
Maximizing the value of each employees' contribution is a key element in your business's success. According to Santa Clara University, the following framework for ethical decision-making is a useful method for exploring ethical dilemmas and identifying ethical courses of action: "recognizes an ethical issue, gets the facts, evaluates alternative actions, makes a decision and tests it and reflects on the outcome. " Ethical decision-making processes should center on protecting employee and customer rights, making sure all business operations are fair and just, protecting the common good and making sure individual values and beliefs of workers are
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
This essay will provide two actual case studies: one of positive ethical principles and the other of poor ethical principles. Ethics are the driving force behind good business. Every ethical choice made by a professional can and will have a much different outcome than any unethical choice. Bad ethics can ruin many aspects of a business and as Gaye-Anderson, 2007 states, quite easily the lives and professional reputation of the employees can even be severely damaged. 3.
Introduction Generally, ethics is defined as standards of performance that explain how human beings should opt to react during many circumstances in which they meet with friends, citizens, parents, teachers, children, professionals, and businesspeople, among others. However, ethics is different from feelings, as feelings make significant information’s available for our ethical preferences. Although some people possess highly mature behaviors that cause them to feel awful when they get involved in the wrongdoings, most of the people normally enjoy doing bad things. Ethical decision-making And frequently people will feel uncomfortable when they are mandated to make difficult decisions.
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.