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Business Ethics

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by , 11-06-2019 at 03:23 AM (45 Views)
Ethics is basically an area dealing with moral judgment regarding voluntary human conduct by writing services online. Moral Judgment requires moral standards by which to judge human conduct. Every person has moral standards that he/she uses to judge others, in something they did by their choice. In relation to that, people in society have common shared standards that they use to judge the actions of organizations and each other, as well.
The society also judges organization’s actions for unethical behaviors. For instance, manipulation and dishonesty are two key problems that can be commonly found in business nowadays. Unfortunately, some businesses do not employ business ethics and do not care about it, as long as they are making profits. Business ethics plays a significant role in the development of a business and its success. All types of business require the right business ethics to improve their performance and make their business grow in the market. Moreover, business ethics entails behaviors that a business is using to deal with the world. It is defined as the principles that decide the acceptable behavior in business organizations, which includes consumers, competitors, government, and interest groups. Three main areas that business ethics deals with are social responsibility, reputation, and values.
Social responsibility can play an important role in business ethics affecting the success of the company. After all, it is believed that when a business organization is working justly by following the morals and ethical code, then its business will improve. At any rate, every company will have an adaptable style that it uses in its business to succeed. However, those business organizations have a duty of choosing the right actions and decisions that will improve the welfare of society, as well as benefiting the organization itself. In the past, organizations viewed ethics and social responsibility as following a country’s legal standards. Nevertheless, nowadays organizations realize that to succeed they do not only need to follow the rules of a country, but to gain their customers trust and respect, and thus, the society’s respect. Employees, corporations, and society view business ethics in different ways. As a result, business often conflicts between two parties or more as some business deals might be beneficial for the business itself but undesirable to society.
When cultural standards from various countries differ ethical issues can occur between organizations and countries, especially when an organization is doing business in a foreign land. For instance, child labor might be acceptable in some poor countries such as India, but it is considered illegal in other countries. Therefore, ethics and social responsibility help organizations to have a successful business. Additionally, it helps them to know what is considered ethical or unethical in a country as the ethics of each country is different.
The connection between reputation and ethics is complex. It is significant to note that establishing a good reputation of a business is all about doing the right thing and choosing the right decisions. Nevertheless, when conducting business using the right business ethics, and while keeping aware of the legal rules and social norms imposed by society, it means creating a successful relationship between business and society. Earning a profit from consumers for a short period then losing those customers is called a short-term profit. The case of short-term profit can happen many times when a certain company has a bad reputation, which is more likely to kill the business by the end. Considering that, reputation is very important to a business, and it is linked directly whether the company practices the right business ethics or not. A good reputation is the key to establishing trust among companies, and their suppliers. Moreover, a strong supplier organization relationship is important as it determines the quality and quantity of products that a company supplies to its consumers. Managers should be careful in their actions as they are the role models for their subordinates.
The behavior of managers is imitated by most of the employees that work under them. It is not a surprise when employees follow the behavior of the manager that lies to customers and conducts other unethical acts. The Center on Education and Training for Employment opines that an additional aspect is the community as it expects perfection and good ethics from businesses. Thus, by following business ethics, the business enhances its image and reputation in the face of the whole community or society. Importantly, it must be understood that the community determines the goodness or badness of a business according to its reputation. This means that breaking the code of ethics will hurt the reputation of the company, which in turn damages the business itself.
Values are vital in the business world . Values are imparted into employees through the behavior of their managers where employees act in line with the set of ethics set by the managers and through the training offered to new employees. Ethics is based on a set of moral and ethical values. These values must be absolute - that is one must take them seriously to override any human rationalization, weakness, ego, or personal faults. Business ethics is based on peoples’ morals and values and those values should be strong enough to be able to overcome any weakness or personal faults that a person has. Those values will be the guide when everything else fails. In the world of business, employees and consumers share similar values. Therefore, the choices of values and ethics that a business employee can choose are limited and risky as some business ethics might differ in terms of values in different countries. If one tries to find the reason behind business success, he/she will notice that most successful organizations depend on a few shared values for their success. For example, some important values in a business are fairness, generosity, commitment, integrity, responsibility, quality, and trust.
More so, responsibility means being accountable for one’s actions, as in not blaming others or falsely accusing someone instead of taking blame. Moreover, quality is important because it is not only centered around making the best product ever, but it should also cover all aspects of the organization, such as self-respect, presentations, pride and many others. Furthermore, trust is very important because it strengthens the bond between an organization and other parties.
In conclusion, business ethics is a win-win situation for both society and the corporation. Ethics generates numerous benefits for the organization that are shown in its everyday work live and its business dealings. Therefore, an organization seeking profit should regularly examine the ethical behavior of its managers and employees, and the social consequence of its business dealings.



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