Business ethics term paper. Business Ethics Term Paper 2022-12-31
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Business ethics is a field of study that investigates the moral principles and values that govern the actions and decisions of businesses and organizations. It is concerned with the ways in which businesses should act in order to be fair, responsible, and accountable to their stakeholders, including employees, customers, shareholders, suppliers, and the broader community.
One key concept in business ethics is corporate social responsibility (CSR). This refers to the idea that businesses have a responsibility to consider the social and environmental impact of their operations, and to act in ways that benefit society and the environment. This can involve initiatives such as reducing greenhouse gas emissions, supporting local communities, and promoting diversity and inclusion in the workplace.
Another important aspect of business ethics is the concept of corporate governance. This refers to the systems and processes that organizations put in place to ensure that they are acting in an ethical and responsible manner. This can include the establishment of codes of conduct, the creation of oversight committees, and the appointment of independent directors to the board of directors.
A key challenge in business ethics is determining how to balance the interests of different stakeholders. For example, a company may face pressure to increase profits in order to satisfy shareholders, but this may come at the expense of employees or the environment. In such cases, it is important for businesses to consider the long-term consequences of their actions, and to make decisions that are both financially viable and ethical.
One way in which businesses can address ethical challenges is through the use of ethical frameworks. These are sets of principles or guidelines that help organizations to make ethical decisions. One widely used ethical framework is the "stakeholder theory," which holds that businesses have a responsibility to consider the interests of all of their stakeholders, not just shareholders. Other ethical frameworks include "utilitarianism," which emphasizes the importance of maximizing overall benefit or utility, and "deontology," which emphasizes the importance of upholding moral duties and obligations.
In conclusion, business ethics is a vital field of study that helps businesses to navigate the complex ethical challenges that they face. By considering the needs and interests of their stakeholders, and by following ethical frameworks and principles, businesses can ensure that they are acting in a responsible and accountable manner.
80 Excellent Business Ethics Research Paper Topics
The plan includes an assessment of values, products, and services. This is a simple example of an individual faced with an ethical decision, and deciding not to do something that is unethical, that could ultimately reflect badly on her and her company. This is why it is so controversial Wal-Mart continues to grow even with the accusations of unethical business practices. Moreover, business should understand that ethics and legal standards are different from one another. Another principle pertinent to my decision is congruence.
In her article, Women in Majoritymale Workplaces Report Higher Rates of Gender Discrimination, Parker 2018 mentions that according to a survey conducted by the Pew Research Center, most women who report that the ratio of male to female employees remains higher have distinctively different experiences in the workplace than their male counterparts. Codes of Business and Professional Ethics Codes of Ethics : Their purpose is to provide guidance to managers and employees when they encounter an ethical dilemma. In their book Research in Personnel and Human Resources Management, Cheung, et al. One of the toughest dilemmas facing managers today may be how to communicate ethical values to their employees. Business ethics is not a special set of ethical ideas different from ethics in general and applicable only to business. Strategic Corporate Social Responsibility: Stakeholders, Globalization, and Sustainable Value Creation.
Members must not vouch for the accuracy of earnings forecasts. Its foundation is own individual principles of right and wrong. GENDER DISCRIMINATION 12 Arguments For Experiencing gender discrimination on the job can be an upsetting and often a traumatic experience. Related Term Papers: Research Paper … Business Ethics in the Fire Service The fire service in most countries is held in high esteem and widely regarded as a paragon of ethical business practices. External pressures can be both positive and negative depending on the individual or organizational issue which is being addressed. My long-term goal is to become a successful human resource manager. Although, the idea of discrimination is frowned upon, many still advocate for the establishment of gender roles.
If engaged in another business, the same rules of conduct apply. These are concerned with treatment of personnel, safety in the work place, pollution control, minority employment, relations with customers, and a wide range of financial matters involving investors and the financial community. The absolute standard that triggers the market mechanism is unanimity. It is believed that their business risks will be somewhat minimized if the competitors within the group, and between groups, can rely upon at least some expectation of a given standard practice. In regards to employee rights, the management can make ethical decisions by being concerned about their employees strengths and weaknesses. Community ethical concerns account for another one-fifth of the list. ADVERTISEMENTS: 5 High ethical performance of a business enterprise also protects people who work in it.
Business Ethics Term Paper: Wal-Mart Walmart serves customers and members more than 200 million times per week at more than 9,826 retail units under 60 different banners in 28 countries. Nearly all ethics training programs include messages from the chief executive officer, discussion of codes of ethics, and procedures for discussing or reporting unethical behaviour. Thus, the ethics of an individual can affect the entire organization, and so, it is important to stress individual ethics within the organization, along with corporate ethics that covers the entire organization. Besides, the management themselves should treat every employee from a diverse background in a similar manner. In 1994 Malaysian government gave a cold shoulder to French executives because of the reason that the chairman of the French firm was in jail at that time. The ethical frameworks apply to business management in a way that the management can use the principles to accomplish meaningful goals through ethical practices. Other elections may follow, at the same time additional effects from the environment are felt.
How to Make Business Ethical: Making business ethical, involves the following three steps: i Drawing up a company policy or code of ethics. Gender Discrimination in a Jamaican Environment Women are grossly under-represented in Jamaica's Parliament and other realms of leadership, power, and influence. To a considerable extent, this is all to the good because it assumes a certain degree of commonality of ethical standards. If dishonesty is considered to be unethical and immoral, then anyone in business who is dishonest with employees, customers, stockholders, or competitors is acting unethically and immorally. Role of Professional Bodies: Professional associations, like Institution of Engineers India , Indian Institute of Welding, Indian Institute of Materials Management, etc. Virtue theory is based on moral philosophy; it harmonizes people and allows for positive connections and interpersonal interactions and how one impacts the lives of people around them through being respectful and compassionate.
Ethics Term Paper – Free Examples for Every Cause
Ethical Dilemmas in Business : In some business situations, it is really difficult to decide what is right and what is wrong. My goal will be to maximize the productivity of the overall organization through optimization of employee effectiveness. In contrast, if the Superintendent in charge is a female, then the list of names would have largely been females with a few male names thrown in since the female Superintendent has no option but to fill in the blanks due to lack of numbers on their side. Because the fire… Pages: 10 3000 words · Type: Research Paper· Bibliography Sources: 2 Case Study … ¶… Business Ethics" a Contradiction in Terms? For example, it is fairly common for individuals with fiscal responsibilities to embezzle funds from their organization. Ethics follows 7 principles which aligns the framework of ethical decisions. As a result, there is a continual fight to establish oneself on the job.
Another thing they seem to have a problem with is the numerous fines that they have accumulated. Business and Professional Codes : ADVERTISEMENTS: Another phenomenon that has some potential in the area of furthering ethical practices is the rather widespread tendency of business groups, professional people, and even politicians to adopt or to consider the adoption of codes of conduct. I concluded that the power struggle was the GENDER DISCRIMINATION 8 primary causation for the discrimination encountered and despite broad and longstanding feminist movements for representational equality, gender disparity in political representation persists. Frequently, a breach of the ethical framework may lead the business in trouble with their customers, other agencies or the federal government. As well, after I am through with my business course, I intend to pursue a short course in human resource management to boost my skills. Two other writers note, "Heath and other critics charge that business-ethics courses spend too much time on public-policy issues such as The individual The individual in an organization represents that organization, and so, their ethics, or lack of ethics, reflects on the entire organization.
Because business ethics are such a concern, several "watchdog" organizations have sprung up to help govern ethical business decisions, and some of these organizations even offer ethical training for businesspeople and others. On the part of the stakeholders their interest in the company can decrease and also their long term goal may become short term. It's like a fly clinging to a sticky wall that has to be cleaned. That is a surprising statistic, because some people may believe that ethics, or the lack of ethics, in business is a relatively new phenomenon, but this organization indicates that is not the case. As it relates to the growth of an organization, it is pertinent that issues such as Health and safety in the work place, sexual harassment, non-disclosure of corporate espionage, technology and privacy practices as well as ethics in accounting must all be guided with ethical conduct and where the issues arise they are resolved with ethical decisions. September 2005 a lawsuit was filed against the company on behalf of Wal-Mart workers from China, India, Indonesia, Nicaragua, Swaziland, and California.
In this instance, the organization, Wal-Mart, is considered the giant of retail and one of the largest companies in the world. When this happens, it shakes the trust and faith of the individual's supervisors and coworkers, but it reflects poorly on them, as well, since they had at least some responsibility to keep such kinds of theft from occurring. It is a win-win-win situation for the firm, its employees, and society. Besides, an action can be legal but not ethical and vice versa. For example, a business enterprise like Coca-Cola should ensure that they do not manufacture and distribute products that may be harmful to the consumer at the end. This is why education, which is presumed to be the best safeguard against quackery, is stressed. Executives are supposed to maintain a high sense of values and conduct honest and fair practices with the public" "Definition," 2008.
