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Ethical and Moral Issues in Business
A situation or problem requires an organization or a person to choose between some alternatives. These are evaluated as ethical (right) or unethical (wrong). Involvement of a difference of belief is a moral issue. A slight difference between moral issues and ethical issues is about "preference." Such issues play an important role in business dealings. This essay discusses various ethical and moral issues in business. Also difference between personal ethics and business ethics is discussed.
Ethical and Moral Issues in Business
Ethical and moral issues play an important role in the field of business. In areas such as pricing, contracts, personal selling, suppliers and advertising, several examples of business ethical dilemmas and decisions can be found. There is a clear difference between ethical issues and moral issues; they are discussed in the following paragraph.
Considering the area of "suppliers"; if unethical practices of the suppliers are ignored by a business firm then it is not an ethical firm. The unethical practices include use of forced labor and child labor, violation of basic rights of the workers, production in sweatshops, ignoring environmental, safety and health standards. Several businesses operate in a supply chain. Showing concern to the behavior of all the businesses is the responsibility of an ethical business....
A supply chain consists of sales agents, contractors, distributers and suppliers.
Moral issues involve difference of belief. No matter of preference is present in such issues. A moral dispute may involve any factual disagreement. The beliefs of two people or parties may differ but there is no disagreement in the attitude (feeling); for example obeying a law or cheating in exams. Moral issues also involve a special kind of feeling (experience); for example, feeling of guilt, shame or satisfaction. "We accept the principle of well-being and the principle of autonomy. These principles count in favor not only of abandoning the extreme view, but also of accepting the liberal view" (Kappel 2001).
Some people mix business ethics with personal ethics. Business ethics such as employee relations, harassment, discrimination etc. come in to play when any business has to make a decision. In simple words the discipline and behavior followed by a business in its activities, is called as business ethics. On the other hand personal ethics mean whatever a person believes to be wrong or right. Personal ethics are influenced by experience, culture, religion, law and beliefs therefore it varies from person to person. An example of personal ethics could be telling truth or open to an extent.
Personal ethics may not be influenced by business ethics but business ethics are greatly influenced by…
This is done so that the foundational elements of an ethical organizational culture are well-defined and have exceptional levels of resiliency and strength to withstand resistance to these changes over time (Mayer, Kuenzi, Greenbaum, Bardes, Salvador, 108). An ethical leader is also one that concentrates on how best to align their organizations; strengths and insights to the needs of the market, and do it with open, honest processes that mitigate
However, nowadays, more and more people feel they are psychologically persecuted by their employers through constant control and monitoring of their e-mail or personal conversations. Moreover, there are business owners who show little respect for the moral and physical integrity of their employees by exploiting their qualities and services. I consider leadership ethics is an important aspect of business. They represent the core values of the code of conduct of
83). Let us go through these arguments. The first argument does not suggest that a person involved in business should disregard any ethical obligations. One can economically survive in business without violating the norms of morality. Moreover, as Beverluis argues, "we are in a real sense 'doing' business ethics. For what is a 'right'? If one puts forward the claim to have certain moral rights (as opposed to legal rights),
Ethical Practices Within Business BP Struggles to Resolve Sustainability Disaster Over the past 20th century and in the 21st century, ethics has neither been an option nor a luxury. It has not only become a moral or legal responsibility, but has also been an organizational priority within all sets of work groups, including both public and private institutions, organizations and companies. Ethical practices have also become the only strategy to combat the
Given a situation in which one person lies and the truth would hurt the others, the dilemma resides in whether the person should continue lying or confess Free to do otherwise - a situation in which a general solution is proposed for a wider population, but some members feel it is not right for the individually. The dilemma resides in whether the individuals will do what is best for the
Ethical Problems in Business PRINCIPLE: Ethics may be termed as the inner guiding moral principles, values and beliefs people use to indicate and identify what is acceptable and appropriate behavior whilst straying away from the opposite (Jones, 2007). However each individual may perceive different behaviors as acceptable and appropriate depending on the individual's own self-interests, attitudes, beliefs and values. To dig further into the aspects of business ethics, it is primarily a notion for