Thesis on business structure, ethics, and organizational behavior impacts

Business Ethics

Business Structure and Ethics in Organizational Behavior

Business ethics can also be known as corporate ethics. It is described as a form of professional or applied ethics that helps in investigating ethical principles as well as moral or ethical problems that comes up within different business environment. Its application takes place within every aspects of business conduct and it is always of relevance to the individuals' conducts and the organization as a whole. The aim of the paper is to examine ramifications and application of business structure and ethics in organizational behavior that will impact businesses in the next ten years.

Sometimes business may try to make short-term gains when it decides to turn a blind eye to ethics. Even though there are laid down regulatory oversight, code of practice, as well as ever-increasing public pressure, most of the firms always decides to ignore ethical considerations. Moreover, they even claim that the only thing a business requires is to obey the law without bothering with the wider perspectives of ethical issues. However, this approach may be of detrimental to the economy at large. Therefore, it is of importance to learn a lesson from the past regarding the corporate collapse: as much as myopic strategies may bring profitable entities, its impressive initial outcomes may end up unsustainable.

Serious consequences are met when a company or even the finance professionals decides to facilitate and operate in an ethically responsible manner. When companies go socially and environmentally ethical they establish along term thriving ability by protecting its supply chain, license to operate, its reputation, its ability to recruit talent, its relationships with partners, (Paul Merchant, 2013). The idea behind is protecting the company from corporate collapse because of litigation or fraud.

Among the 28 companies that in the past ten years fell out of the world-leading S&P 500 index, the statistics showed that only a few casualties were suffered shifts in technologies and markets. Majority suffered massive fraud or failing to create a sustainable business model by their leaders, (Arnold, Denis G. And Keith Bustos., 2005). Such could be realized most graphically within the financial services industry, and some like Wachivia, Bear Steams, and Lehman Brothers going for huge short-term at the cost of their long-term survival. On the other hand, due to unsustainable plan for the business, UK electronics company Marconi went down.

Even though there are some firms that have always filed to take into account ethical factors, others have gone ahead to give themselves a competitive edge through establishment of a strong credentials in regard to this. For example, the world's largest car maker, Toyota, went ahead to boost their global standing in the nineties with their pioneering work on the hybrid Prius model. Whereas the decision of the Coca- Cola was to take a minority stake within the UK fruit drinks firm innocent.

It has been realized that the link between ethics and success of a business is currently much clearer, since companies have realized that for them to survive corporate interests has to be aligned with the concern of society at large. A company which is successful always has ethics embedded in decision making as well as long-term strategy, (Matt Zwolinski, 2013). Engaging in the right things that form their main stream activity that generates its profits. Successful and sustainable firms always desire to integrate ethics into the entire aspects of strategy.