BUSINESS ETHICS

Business Ethics

Business Ethics

Thesis Statement

“Advancement in Information Technology is leading to privacy and ownership Issues.”

Introduction

Ethics plays an integral role in the viability of nonprofit organizations for multiple reasons. Nonprofit organizations serve as stewards of public monies and as a result they receive tax exemption privileges. This benefit comes in exchange for the work and services they provide to the societal common good.

Healthy and capable organizations increasingly recognize the value of periodically assessing their current ethical standing and continuously working to maintain high ethical standards within their organizations. Reviewing the events of the past decade, one can easily see the detriment that ethical lapses can cause when nonprofit agencies fail to maintain ethical organizations. The highly publicized unethical behavior of a few large organizations has yielded, by some accounts, a sector-wide negative impact in the form of decreased donor generosity..

Organizations seeking to ride out the guilty-by-association phenomena, while maintaining their funding streams and reputations, have needed to take a proactive approach to demonstrating their ethical health during these troubled times. Striving to create an ethical context in which ethical behavior is the default behavior has served as one means of accomplishing this task. Nonprofit leaders can promote a healthy ethical context within their organizations by staying informed and actively promoting ethics within their organizations.

Engaging in regular organizational-level assessment serves as one method for gathering the data leaders need to assess the current level of ethical health in their organizations. Working from a data-base ad vantage point maximizes the opportunity to reinforce a culture supportive of positive ethical behavior. This informed perspective decreases the risk of having an ethical lapse. Thus, a proactive approach to organizational ethics through periodic ethics assessment provides nonprofit leaders with the needed data to inform them about the ethical culture that exists in their organization, so they can best serve their missions and constituents. (Ali & Zajac, 1999).

Discussion

One of the ethical fields most discussed this day is that in business. Business ethics are the shared values of a business organization that can act as measurement for the behavior of the members of that organization which therefore, can be considered approvable or not. 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 (Boniface, ...