Business Ethics

Executive Summary

Ethics are an important component of every field in life. Be it your personal life or professional life. Ethics play an important part in business and workplaces. This helps an organization to create goodwill among the industry and the customers. One of the big plagues on business ethics is sexual harassment which is also an unlawful. The victim and the harasser can be either a woman or a man or can be of the equal sex. Even if some business ethical codes does not prohibit simple teasing, or secluded incidents that are not so grave, harassment is punishable when it became regular or brutal that it creates an unreceptive or unpleasant work atmosphere or when its outcome is an unfavourable employment decision, for instance in leaving the job. Where sexual harassment is ignored staff loses respect for the company; the image of the company will lose value among its customer etc. therefore business ethics are an essential component for an organization to wotrk efficiently. A company can work well by providing good customer service to all stakeholders, satisfying the employees' needs and allowing the employees to take part in business processes. This report will help the audience to understand the importance of business ethics. They will be made aware of the business ethics issues that are present in today's world organizations.

Table of Contents

Introduction4

Discussion4

Ethics And Social Responsibility And Reputation Of The Company5

Importance of Business Ethics6

Corporate Social Responsibility7

Business ethics issues7

Conclusion10

References11

Business Ethics

Introduction

Ethics can be defined as moral values and principles. It is a decision of choosing the right among wrong and right (Tanri, 2004). Ethics are an essential component of a successful organization. An organization surrounded with ethical issues find it difficult to survive in the economy as it would be considered as a bad-reputed organization among the customers.

The main purpose of this assignment is to prove the point that being more ethical and socially responsible in business increases efficiency in the workplace. This paper will benefit the audience by making them realize the importance of corporate ethics.

Discussion

Ethics in business plays an important role in preserving the rights of all the entities related with a certain company or entrepreneur. For instance, it prepares better and creates moral managers, which from the other side these managers have distinct and exemplary attitude with stockholders and employees.

Furthermore, moral managers treat stockholders equally and with the same fairness and honesty as they would treat their shareholders. Most importantly moral managers not only make sure that the code of ethics is implemented in every field of the company, but they enhance its development. In relation with their employee, moral managers treat them fairly and with dignity and they respect employee rights, liberty and ethical choices. Also, moral managers have high regard for customers, they introduce them safe and legal products with a reasonable price by not tricking them (Lucy, 2011).

So for a successful business one area that should get top priority is ethics, because it helps in facilitating the path for achieving organizational ...