Ethical and Sustainable Business
In basic terms, ethics may be described as moral standards and what differentiates right from wrong. Most of the time, ethics has always been aligned with religious beliefs, the law, feelings and the standard in the society. However, ethics are objective foundations that help distinguish what is right from what is wrong. A business that needs to operate in the long-term may need to have ethical standards. In essence, ethical standards in a business are noble and enable a business to operate in the long run (Hamington and Sander-Staudt, 2011).
A business may be recognized as ethical depending on how it treats its stakeholders. The major stakeholders of a business include employees, customers and suppliers. For instance, a firm may be recognized to operate ethically if it does not harm its consumers interests in any manner or form, i.e. by offering high quality goods or services. Further, in as far as the general public is concerned, a business should not partake in activities that pollute the environment. Also, given that employees are also a crucial stakeholder, a business is required to pay the said employees on time and as per the industry standards. An enterprise that behaves in an ethical manner is also expected to pay suppliers in good time and adhere to the contractual standards in place between it and its business partners.
The concept of ethics is intertwined with sustainability. Sustainability means that a business is able to operate efficiently and in the long-term. Ethical business standards result to sustainability. For instance, when a business secures the interests of its employees, there are likely to be more motivated and perform better. Customers are also likely to purchase goods and services from an ethically-conscious enterprise.
References
Hamington, M., & Sander-Staudt, M. (Eds.). (2011).Applying care ethics to business(Vol. 34). Springer Science & Business Media
Moreover, the researcher who falsifies the data is prone to legal action as has been the case in the past when researchers have falsified research results (Normile C, 2006). Therefore, in order to deal with this grave issue, it is important to ensure that the data being incorporated in the research paper has been properly handled and it is being reported correct. Ensuring this would satisfy the ethical standards
B. The Impact of Societal Norms All businesses function within and serves a society during any given time in history. Since as early as Aristotle, and even earlier, ethical codes and standards have dictated not only business, but also society as a whole. Aristotle's concept of "the good life" provided a starting point for ethical codes during Ancient Greek times and afterwards. The first articulated codes of ethics were then created
Role of Ethical Standards and Codes in Psychology One may wonder why it is so important to have an ethical code of behavior for psychologists. After all, psychologists are highly trained professionals who would not seem to need a rigid code to dictate how to behave in their professional lives. However, it is critical to keep in mind that, by the very nature of their work, psychologists become involved in
Scientific research facilitates acquisition of true knowledge, whose highest level is being able to examine scientific issues (Glickman et.al 2009). If knowledge constitutes a universal human property thus greatly impacting overall societal development and wellbeing, the key goal of science will clearly be the truth. Moreover, science’s credibility with the masses is reliant on upholding the highest standards of ethicality when conducting research. Sticking to such guidelines helps prevent deviation
policy guidelines and information about ethical responsibilities at the U.S. Naval Academy Throughout its history, the U.S. Naval Academy has subscribed to the highest levels of ethical practice (HRPP Section I: Guiding principles and applicability, 2011). The Naval Academy's current honor code for midshipmen students specifically stipulates that: Midshipmen are persons of integrity: They stand for that which is right. They tell the truth and ensure that the full truth is known. They
Cleansing the Baseball Hall of Fame would do nothing but create an empty building in Cooperstown. The Baseball Hall of Fame categorically cannot ban steroids or any other drugs because a substantial number, possibly even the majority, of the men featured in Cooperstown used some kind of drug. As Chafets points out, "the greatest stars anyone has ever seen" were on the juice, and their names are in the Hall
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now