BUSINESS ETHICS AND MORALITY

Business Ethics and Morality



Business Ethics and Morality

Introduction

In life we have to make a number of decisions. The decisions that we make causes an in depth impact on various other aspects of the life. These impacts are so serious and severe sometimes that they not only affect our lives but they also cause an impact on others on our surroundings. In order to lead a contended life and to manage variegated aspects different philosophers and thinkers began to establish rules, regulation and code of conduct so that it would help people to take rights actions. These rules and codes are often referred as ethical codes. Ethical codes is not only restricted to the decision making and actions of personal lives but these codes are also part of the corporate world.

In order to run the business in a profitable and lucrative way it is essential that businesses should embrace ethical codes of conduct. In business world or in an organization ethical codes are applicable in each and every field from production to marketing and from finance to human resource. The Code of Ethics highlights a course of action in the conduct of negotiations and highlights the fundamental principles of conduct added to any others who may have legal relevance. The Code of Ethics is not a list of behavioural rules that are slavishly addressed by the staff during the course of business; it is rather an application of common sense and trial. The aim and objective of this paper is to talk about ethical implications about a particular issue in an organization.

Selected Ethical Issue in an Organization

There are different ethical demands in organizations. High standards of ethics demand that such information or any related discussion should not even be shared with the family members. Some members abuse the company financial information for undue personal advantage raising serious ethical issues in the organizations. Window dressing, fraudulent dealings, misrepresentation in financial matters and all such deceitful acts are also common in businesses. Ethics with respect to finances and its confidentiality are of grave importance. If such issues are raised then they require proper handling by the management (Kidder & Born, 2002).

Issue Clarification and Related Ethical Implications

In today's business environment, the companies are usually committed to the pursuing ethical behaviour in the conduct of commercial activities and observance of the laws that govern the conduct of that on a national and international. It is believed that honesty and integrity are essential in order to have relationships based on trust with the customers, suppliers, shareholders, and the communities in which the companies operate (Birkner & Birkner, 2000). Firstly, problems, or problems should be identified. Manager needs to speak with each individual part to gather as much information about the incident as possible, if time allows. Consider every point of view, and each source. Then based on the goods or products attempt to sort the facts from the speculation or suspicion (Fleming, 2007).

Kant's View

According to Kant: “An action is morally right for ...