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Importance of ethics in organisation
Importance of ethics in organisation
Importance of ethics in organisation
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Introduction
Organizational ethics is an area that is described to be in its infancy therefore it is always developing, as seen all over the world; ethical codes exist within large corporations and are on the rise. This relatively new area of focus is often described as a necessary evil and tricky aspect to start but once completed is very beneficial. Progressively during the last two decades, public and corporate organizations have wanted to diminish deviations from ethical standards by introducing ethics programs. Ethics are the moral values that dictate a person's behaviour; they help determine what is good or bad, and right or wrong, but there are varying degrees between the two extremes. They are not determined by the law but many organizations feel they are required for the organization to be successful because the efficiency level and overall power of the work environment is greatly affected by the socio-economic environment at workplace. Over the past twenty years many organizations have tried to reduce the variances in ethical standards by starting ethic programs. Ethics is important to an organization's effectiveness because it can help prevent an organization from making wrong or unethical decisions that could potentially ruin the organization. It can also help cushion any disciplinary and legal issues that could potentially occur due to employees making unethical decisions.
Ethics in the Organization
An organization must rely on its leaders to make the right ethical decision when faced with a problem. When the organization's leaders make ethical decisions, the organization receives many benefits. If codes of ethics are not available or have yet to be developed, an organization must agree on what values and...
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...ons that lack an ethical policy should adopt one and notify all employees what the new ethical policy consists of and how any violations to the policy are being handled. Organizations that do not incorporate ethics in the workplace experience an increased number of unethical decisions by their employees. These unethical decisions lead to tangible and intangible costs for the organization. Business is a partnership with society that becomes more entangled every day, ethical decisions are necessary for both the success of the organization and for the well-being of society.
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...
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.
Ethical behavior cannot be successfully shaped and maintained in isolation. Therefore, the internal controls characterized by individual attributes must be usually consistent with organizational structure, organizational culture and societal expectations. These four components are key elements for designing an environment supportive of theses ethical conducts (Cooper, 2012 pg. 164).
Ethics or rather morals entail mechanisms that defend, systematize as well as recommend conceptions of right or wrong. Many organizations develop ethical codes to ensure employees and employers understand the difference in doing good or bad. In that respect, ethics are an essential aspect of successfully running of any organization or government. Ethics ensure employee’s productivity levels are up to the required standards. It also assists them to know their rights and responsibilities. Additionally, employers, as well as any persons in management, are guided by them to ensure they provide transparent leadership. Ethics also defines how customers should be handled. Ethical codes govern the relationship between customers and an
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.
Establishing and implementing a strategic approach to improving organizational ethics is based on establishing, communicating, and monitoring ethical values and legal requirements that characterize the firm's history, culture, and operating environment” (p. 129). Ethics programs ensure satisfactory relationships with all stakeholders by aligning with all of their demands and needs, and determine conduct with customers and relationships with regulators, shareholders, suppliers, and employees (Ferrell, 2004). Values are a core set of beliefs and principles, one or many. A number of factors contribute to the development of values. These include membership in a community or culture, attitudes, beliefs, and behaviors.
When it comes to any organization, whether it’s for profit or non-profit, Ethics is crucial in the foundation. The CEO, VP, regional managers, or even hourly employees must all portray ethical morals that contribute to the good image of the company. An ethical leader in an organization provides guidance and integrity by exemplifying morals and living up to the company’s culture and expectations regarding business ethics. “Knowing how to organically infuse ethics into everyday business practices and understanding how to communicate the importance of ethical behavior across divisions is a strong top-level leadership skill to develop.” For a leader to incorporating ethics into every day operations is significantly important since it will contribute
Ethics refer to the moral principles that are held by a person, organization, or society and are generally meant to govern their general conduct. Ethics have no universal standard as the ethical policies change from one person/organization to the other according to their primary objectives. The ethical orientation of a person is an element that develops over time, just like the personality element. However, corporate ethics are enforced by the management as there is no law that has been made to regulate the ethical behavior of an organization. Numerous theories have been constructed to explain the issue of ethics and personal conduct in the society (Dreier 57).
An organization needs to adhere to ethics in order to effectively implement its mission, vision, and objectives in a way in which offers a solid foundation to management and their subordinates to properly develop and implement its strategies. By doing so, the organization as a whole is essentially subscribing to one commonality that directs all of the actions of the employees of the organization. Additionally, it assists in preventing such employees from divergence in regard to the proposed strategic guideline. Ethics additionally ensures that a strategic plan is developed in accordance to the interests of the appropriate stakeholders of the organization, both internal and external (Jin & Drozdenko, 2010). Likewise, corporate governance that stems from various regulatory parties makes it necessary for organizations to maintain a high degree of ethical standards; this is done by incorporating ethics within the organization’s strategic plan so as to foster a positive corporate image for the stakeholders and general public (Min-Dong Paul, 2009).
Ethics is central for any organization in treating employees fairly and helping the organization advance its mission. There is no single best way for dealing with ethical challenges, but it is very important for managers to develop ethical policies and procedures for implementation. To minimize possible unethical decisions by staff members, it is important to incorporate written standards grounded in organizational values in the code of conduct.
Ethical behaviour is what all career people should aim to have. Not just the ethical attribute but exceptional behaviour with this regard.this is because in order to build a career, one must be governed by the rules of ethics to safeguard oneself and others. Ethics are essential in the workplace because a tough ethical code provides a non-threatening environment with high employee morale. The corporate social responsibility is important to everyone,therefore it should not be neglected by the employees and the organization. Ethics purely center on personal conduct. It involves personal choices that can make or break a person in the workplace or business. The major importance of having good conduct is to maintain a high level of respect not just for people but for the proffession. Most people who begin their working career have aspirations of excelling at their jobs and reaching the pinnacle of their profession while maintaining a sense of values; however employees often become blind with ambition and put aside their sense of ethics in order to obtain financial security and recognition for their efforts. There are many things that one can gain from having good behavioural ethics in the workplace. It will develop a discipline which will propel the work practices to a higher level and will help set a high standard. It will promote teamwork among the workersand will also buil...
Ethics in the workplace is a very important thing to have. Without a sense of ethicality in the workplace there are many things that could go wrong. You could even end up losing a job because of a lack of ethics, or other consequences could be felt due to a lack of caring or morality. The workplace is a place that you should show respect and dignity, and a deeper sense of ethics is very important in order to uphold these senses of morality. Workplace ethics, which include such things as behavior, integrity, commitment, teamwork, and other things, are important, if not required, in most workplaces and can help to improve performance and morale for workers and employers.
Ethics is the responsibility of each individual person, but starts with the CEO and the Board of Directors, setting the right tone at the top and moves down through the organization, including setting the tone in the middle. A company’s culture and ethic standards start at the top, not from the bottom. Employees will almost always behave in the manner that they think management expects them, and it is foolish for management to pretend otherwise (Scudder). One of the CEO’s most important jobs is to create, foster, and communicate the culture of the organization. Wrongdoings or improper behavior rarely occurs in a void, leaders typically know when someone is compromising the company
According to the philosophers, ethics is defined as a rule of conduct that is a way of showing and recognizing respect to a particular class of human actions or a particular group of culture. It is important to determine the unethical behavior that unconcerned people does not understand especially in a workplace. In a work environment, an employee has the right to expect colleagues to act and live up according to the law. There are reasons why employees are driven to make unethical decision to break the norm and begin behaving in an immoral ways. Some of the many reasons why employees in a workplace do cross the line and act unethically includes: pressure, misguided loyalty, and misrepresentation.
Ethics and values are very important in guiding employees and management in an organisation. It encourages employees to be accountable and transparent and also in make ethical decisions. In an organisation that ethics are practiced there are less conflicts and there is consistency at all times even when an organisation undergoes difficult times. A code of ethics is established in an organisation to solve problems when the do arise and explains how employees should respond when faced with different situations. Values and ethics are important for employees to get along. Our values tell us what we think is important and that helps us in making right decisions. For example a person who values justice will not be coursing conflicts and will adhere to ...