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Relevance of business ethics in modern societies
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Recommended: Relevance of business ethics in modern societies
When everyone else is doing it, we do it, too. When everyone in the class cheats, we also cheat. When everyone in the government corrupts, we also corrupt. When everyone else is apathetic and ignoring, we also do not care. No one likes to stand up, and do the right thing because no one wants to be the odd one out. We don’t want to be branded as killjoys. Although, there are a few who choose to stand by what they know is right, despite the negative feedback of other people.
Similarly, this also happens in business. When everyone commits fraud, we also do the same crime. However, there are some business people who decide to do their jobs well and clean. Instead of illegally gaining, they earn legally and with integrity. Despite the circumstances of their decisions and actions, they continuously do what is right. Now, we ask them, why be good when everyone in business is not in business?
We must be good in business even when everyone else is not because “it has adverse effects on our economic well-being, on investor confidence, and on the perceived desirability of pursuing business as a respectable calling.” Doing good in business means practicing ethics in business. Business ethics is an integral part of the well-being of a country. The well-being of a nation includes the business well-being, the desirable conditions for business to operate with respect to stakeholders. Business ethics establishes and sustains the ethical connectedness between workplace well-being as a key component of business well-being. Extrapolating from these connections, it is reasonable to view that business ethics is connected with the well-being of a nation. Investors now only invest in ethical businesses. Before they invest in a business, they send t...
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...ed to help the fire victims. We were assigned in the Sorting Section where clothes, underwear, bags, blankets, towels, and footwear are sorted. Afterwards, lists are given to us, and we put together in a plastic all the necessities of the evacuees. It may be a tiring job, but all the time and effort we’ve given were worth it. We got the chance to meet and interact with other people. It was a great opportunity for us. I felt wonderful when I helped the fire victims. It gives me a light feeling that makes me smile once in a while.
As business people, we must learn when to join the group and when to take a stand for what is good and right. It doesn’t mean that when everyone in business is not practicing ethics, we also do the same. What we must do is practice legal and ethical behavior to earn the respect and confidence of our stakeholders and the society at large.
It's difficult not to be cynical about how “big business” treats the subject of ethics in today's world. In many corporations, where the only important value is the bottom line, most executives merely give lip service to living and operating their corporations ethically.
During the summer or even on weekends my mom would take me with her to go help out her patients. Which included bathing them, feeding them, and caring for them. Not only did I help my mom with her patients but I would always help rake leaves, pick up trash and make their yard look nice. I can’t even image how they would’ve done all the things I did for them with their fragile bodies. I’m glad I was there for them and made a difference. Aside from helping my mom’s patients. I helped an elderly man who was on fire in his backyard. It was around spring time and I heard someone screaming yelling “help” so I went around to look and there he was on fire. I tried so hard to put out the fire and it felt like mission impossible but I did not give up even though the ambulance were on the way. He was burnt pretty bad, but I was so glad I found him. Who knows it could’ve been worse! He is still alive till this day and sits on his porch waiting for me to pass by his house every morning to say good morning. It’s such a wonderful feeling to know that I not only changed a life but I saved
Trevino, L. K., & Nelson, K. A. (2011). Managing business ethics: Straight talk about how to do it right. New York: John Wiley.
“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.
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.
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.
Over the summer, I completed my community service hours at Ohio Valley Medical Center. At the beginning, I was afraid of whether I would like it but after my first day there I could not wait to go back the following week. It gave me some experience in the hospital since I want to work in the Intensive Care Unit when I am older. I met so many volunteers, new and old, that taught me a lot about volunteering and the hospital. I would not give up my summer involvement at the hospital for anything.
Business ethics simply can be defined as the application of business values in the business practice of a company (Seawell 2010, p. 2). For a multinational company, business ethics is one of the critical aspects need to be taken into account in business decision-making processes. Failure to give attention on ethics may bring consequences on company’s reputation (Meyer & Jebe 2010, p. 159). The company is expected not only to pursue its own profits but also contributing to the environmental and social welfare of the community where it operates (Svensson & Wood 2008, p. 308).
I enjoyed this experience so much, that I decided to go back to volunteer for Change Point, and will be going there once a week. This experience had the impact it did because I got to connect with the community in which change Point serves and help assist others. By doing this, I gained hands-on experience in which will help me in my future career. I also was able to enhance my skills in being a leader and in communication. The parenting classes that I taught to others not only helped them but also helped me.
I am so glad that I was able to get this once in a lifetime opportunity because I was able to learn many things that I wouldn't have been able to learn without volunteering. I also felt accomplished because I was able to do something productive for these ten hours rather than sitting at home. I was able to impact my community and people that I care about. In conclusion, volunteering was a great
To provide an example of a breach of ethical conduct in the workplace, we may remember the case of a financial manager in a corporation that decided not to pay overtime to some employees. After a deep outside investigation, the company was summoned with thousands of dollars to remedy the payment that was supposed to be paid to all employees who worked more than forty hours per week. Again, it is needed more than just a booklet stating that the company adheres to the code of business ethics. It is needed serious managers that can run the company with the most seriousness as possible. Consequently, any written codes of business ethics, regardless of how well it has been crafted, need people that adhere to its internal content with a serious desire to do the right thing.
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
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 how quite easily the lives and professional reputation of the employees can even be severally damaged (para. 3). Everything from morale to motivation can be severely affected by poor ethical choices. Customers will take their business elsewhere. Employees will abandon ship. Other, competing businesses reap the benefits of the bad moral choices. Ultimately, the entire business can be brought down by one poor ethical choice.
Business Ethics are much more than the buzz word stories on late night news. The Corporate Social Responsibility of a company goes well beyond that. “Business Ethics are moral guidelines for the conduct of business based on notions of what is right, wrong and fair.” (Bellow, 2012). Individual backgrounds play a huge role in person by person code of conduct can vary from employee to employer. To help solve some grey areas in what is ethically correct, companies now make a code of conduct that is over everyone in the company. This code of responsibility helps employees have better understanding of what is required of each and every one of them. “Corporate Social Responsibility is a business philosophy which stresses the need for
I also had the privilege of helping with the Meals on Wheels non profit organization. My grandfather used to be a Meals on Wheels recipient and he would share with me how he enjoyed looking forward to their company and a hot meal daily. I volunteered because I wanted to give back and help someone else’s loved one in the same way. It was very rewarding delivering hot meals to people who didn’t have the means of getting one as well as being there for them to talk to. Overall, it was a very humbling experience, it made me realize just how blessed I am and how much I take for granted daily.