BUSINESS ETHICS

Business Ethics

Business Ethics

Introduction

All organisations have a culture, which plays a key role in determining their view regarding ethics by looking at the business context. The culture of the company has a major share which requires strong leadership to work well in the whole organisation. When a discussion takes place on leadership, concepts like character, values, and integrity finds their way towards the conversation on any topic. There are diverse views related to a good leader, but many people have a general consensus that direction of a company has a huge dependence on the leadership aspect. In this paper we try to focus on Business Ethics.

Background

Ethics can be defined as rules of conduct recognized with respect to a specific class of human actions, culture and behaviours. Ethics is used to govern actions within an entity particularly, in businesses and it checks and monitors whether the people in the organisation follow a certain pre-defined moral conduct. Ethics also govern the way businesses are carried out and their contributions towards society. Today, only those businesses survive that assume their ethical duties and fulfil those most prominently. An ethical policy highlights an organisation's commitment for applying good practices and making ethical decisions by ensuring everything is fine in the organisation.

Ethical organisations use values to guide all activities of the organisation. Core values should promote a culture that promotes the open discussion of ethical dilemmas and the use of a fair process to resolving ethical conflicts. In this regard, organisations must prevent and address ethical mistakes in the same way that they are charged with preventing medical mistakes. Business ethics is an academic discipline that is concerned with moral and immoral action of all the employees working in the organisation. Business ethics even studies the aspects of moral nature of the economic system where both individuals and their organisations collaborate to work for a common objective.

Discussion

Business ethics is defined as the branch of ethics that examine rules and principles within a commercial context. In short, there are many moral problems, which can come forward in a business setting, and you need to ensure your employees are doing the right thing. In this one-day seminar, you will learn that business ethics is not the oxymoron much of the industry has made it out to be. You will see how this set of moral guidelines will boost your organisation's image and help you avoid unethical situations that can result in legal scrutiny, negative public attention, and employee discontent.

Ethical Issue

Exploring the specific ethics that have guided workplace behaviour, the business ethic and consumer ethic, may provide insight into United Kingdom's pursuit of happiness. Business ethics is the motivational driver for employees in entering the workforce. According to one of the researches, which were conducted on values embraced by new generations of employees as they enter the workforce, the business ethic was a motivational driver throughout much of the 20th century. In UK, every organisation is known for embracing hard work with a ...