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Though the concepts of professional values and ethics are relatively simple and straightforward, the effects that the choices made with different values and ethics have are quite far reaching and complex. No matter what specific values or ethical systems are being applied to a given situation, there are certain limitations to the actions and behaviors that can be taken and the choices that can be made. For instance, the case of price fixing between two major soda manufacturers and distributors could have been handled in two ways, each with its own set of short- and long-term effects on te careers of the individuals involved. The decision to engage in price fixing led to the imprisonment of at least one of the men; though the short-term effects lived up to the promise of a more lucrative career, security for the executive's family, and other benefits, in the long-term his...
On the other hand, one can consider a typical whistle-blowing scenario. Though fears of retribution, lack of security and short-term financial loss prevent many employees from speaking out about unethical situations, many modern whistle-blowers have gone on to high paying careers in integrity-minded companies, and their commitment to their ethical values ended up serving them well both on principle and pragmatically.
Developing professional ethics and values, as well as maintaining these values and living up to the principles behind them, is a life-long process. As new situations present new challenges to an individuals and their values, new decisions and developments must be made. Only by continuing to pay attention to one's principles and values can professional ethics be maintained.
Values and Morals in the Accounting Industry The important questions to be addressed are taken from the "…business ethics/corporate social responsibility literature, oriented towards business enterprises but also of relevance to professional bodies: whether being ethical 'pays' in financial terms; and whether formal codes are useful in promoting ethical behavior…" (Cowton, 2009, p. 177). Accountants are charged with carrying out ethical and moral decisions in their everyday work, but judging from some
Ethics in an Organization Ethics are the values and principles that a person utilizes in order to rule his actions and choices. In an association, a code of ethics is a set of moralities that direct the organization in its programs, rules and choices for the corporate. The ethical attitude an association uses to conduct commerce can affect the standing, efficiency and also what is considered to be the bottom line
Ethics in the Workplace Organizational ethics is an area that is gaining increased importance in formal professional education. Ethics are moral rules that guide the behavior and conduct of an individual. Since ethics are shaped by personal factors like religion, family, society, law and culture, it is unlikely that two people share the same ethical standards or viewpoints (Weiss 2008, p. 116). This frequently gives rise to ethical conflicts or internal
Ethics in for-Profit and Not-for-Profit Companies *****************this assignment*********** Annotated Bibliography Annotated bibliography: Ethics in for-profit and not-for profit companies Barkemeyer, R., Holt, D., Figge, F., & Napolitano, G. (2010). A longitudinal and contextual analysis of media representation of business ethics. European Business Review, 22(4), 377-396. This article is a survey of the contemporary media's representation of business ethics, encompassing a meta-analysis of 62 international newspapers. Particularly in the U.S., the emphasis was upon 'hot' scandals
Values and Virtues All of us have been sent to this world for a purpose; the invariable purpose of life on earth is doing good to each other. What defines the behavior of a person is his character and what shape the character of a person are his values and virtues. The perception of many people is that virtues and values are more or less the same things; however, in this
Ethic Compassion Dalai Lama The ethics comparison: Dalai Lama Buddhism is a religion which is adopted by millions of people all over the world, may be because it is practical, technical and liberating. Dalai Lama is a Buddhist leader, widely known as the Ethic of Compassion, has made a discussion on 'nying je chenmo', compassion. According to Dalai Lama, a true compassion is regardless of any condition or effortlessness, which involves one