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Ethical business decisions
Ethical business practices
Ethical business decisions
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I. Moral Deliberation An ethical business person is one who does the right thing, no matter what the situation. Ethics to me is a set of rules that advise how one must live their life, in an ethical manner. Business to me is something people engage in, in order to obtain resources for themselves and also their loved ones. As an ethical business person, these two things should go side by side. One who has high moral standards should be able to uphold their moral standards in the business world. They should be able to uphold these standards not just in the work that they do, but also do it when it comes to life outside of work because they know this is the “right” thing to do, and without morals they will no longer have a place in society. …show more content…
The retaliation I might get from standing up for myself is something that worries me. I am quick to understand when I am in a situation where I should stand up for myself, but sometimes the retaliation you might get from a boss or the shunning from a friend/family member, isn’t worth the battle. Also, I am more reluctant to act if the matter is not one that concerns me. If I am not directly involved, I feel that I need to be invited into the scenario before I can act morally. I think that society has just made me feel like a “snitch” if I jump into quickly or that I feel “entitled” if I am standing up for myself. Overcoming these obstacles are just a matter of being exposed. If I am able to jump into a situation or stand up for my values when presented, I feel the next time I am faced with a challenge it will go smoother. I also would like to note that these issues do not arise for me very often. I am not sure if I am not aware, or if my life is just so routine that there is no room for these situations. I don’t believe it’s favorable to be in an ethical dilemma, but I hope to be presented with some along the way that will help me build a strong moral
Ramona faces a difficult decision after her trip to the headquarters of Next Step Herbal Health. Next Step offered her a lucrative starting salary plus commissions, and a junior manager position. Ramona should not take the position with Next Step due to its questionable business practices, the dismissiveness of the Next Step recruiter when questioned regarding the company’s ethics code and the CEO exhibiting non-ethical and immoral behavior.
Article title: “The ‘Do Whatever It Takes’ Attitude Gone Wrong” published by the Huffington Post
Throughout the course of day-to-day business life, the business professionals come in contact with quite a sum of ethical dilemmas. There are various ways to handle these ethical dilemmas, but failure to follow the appropriate manner could result in an unethical outcome. The ethical guides related to the book definitely help students develop an ethical character that is sure to stand out for highly ethical companies. In addition, there are companies that test how ethical applicants are before hiring them, this in turn makes getting the job more difficult and costly. However, despite the high cost and difficulty said companies stay firm to ethics, guaranteeing they get top-of-the-line employees who will act in an ethical manner. Ethics is defined
According to Business Ethics Definition, business policies and practices regarding potentially controversial issues, such as corporate governance, insider trading, bribery, discrimination, corporate social responsibility and fiduciary responsibilities.
Explain the connection between the economic model of corporate social responsibility and “free market” or “neoclassical” economic theory.
(Mallor, Barnes, Bowers, & Langvardt, 2010) Business ethics is when ethical behavior is applied in a 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 complying with their companies ethical standards. In some instances, some have to choose whether to serve their own personal interests, or the interests of the company.
By definition, ethics refers to "a set of principles of right conduct." It is also defined as "the rules or standards governing the conduct of a person or the members of a profession," (www.thefreedictionary.com) and in business may be considered the standards governing the conduct of people in the business environment. Business ethics is the behavior that a business adheres to in its daily dealings with the world. It relies on values as a way of guiding behaviour in business.
It is important to speak out when injustices are happening, to prove not everyone has the same mindset as those causing the disservice. If something someone is passionate about then they should never stand aside while someone else causes their passion a disservice, said passion should be defended and kept close to those who try to protect it. Someone should always have to speak up for what is right even when everyone tells them it isn’t worth it, it’s always worth it if it’s something that means a lot to them. Everything and anything is worth fighting for if it means a great deal to someone and it has a great offense done to it. Speak for it, defend it, fight until the very end if need be do whatever needs to be done to defend the things that
The field of ethics (or moral philosophy) involves systematizing, defending, and recommending concepts of right and wrong behavior (Fieser, 2009). Many of the decisions one faces in a typical day could result in a multitude of outcomes. At times it can be hard to determine whether or not the decision you are making is an ethical one. Many philosophies have been devised to illustrate the different ways of evaluating moral decisions. Normative ethics focuses on assessing right and wrong behavior. This may involve reinforcing positive habits, duties we should follow, or the consequences of our behavior (Fieser, 2009). Of the many normative philosophies two stand out to be most accepted; teleology and deontology. Although they oppose each other in how actions are evaluated, they uphold many similar characteristics under the surface.
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.
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.
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.
Ethical business practices include assuring that the highest legal and moral standards are observed in your relationships with the people in your business community. This includes the most important person in your business, your customer. Short term profit at the cost of losing a customer is long term death for your business.
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
Ethics is simply doing the right thing. In the business situation ethics are the moral concept of a firm getting through it organizational duties ethically.