In addition, they should also be held accountable for these decisions. These ideas are thought to be true in most circumstances, but typically there are variations when dealing with each individual belief. Within the obligation category, certain issues may not always be handled easily. The strict belief to always do what is morally right may not leave much room for compromise in the business world. The inability to look past the right choice to the most beneficial one, the obligation to right versus wrong, and the idea of equality in the workplace may result in problems in the workplace for a person who holds these values within the obligation category.
I think that using common sense you can choose what product is good and which is bad and if you should go one route or if you should go a different route. In business you have to use your head but when it comes to for example his product then you are choosing a product with harsh chemicals or a product with less harsh chemicals, better for the environment, and good for the people using it then it should be common sense however many companies because of cost will go with harsh product because it is cheaper but they aren’t using common sense. I agree that in many
Ethical standards are the code of conduct required by the organization for workers to follow. The relationship between organizational culture and ethics is that the organizational culture guides workers when faced with ethical problems. If the organization culture counters what they are required to do ethically, workers may put the organization in jeopardy by not act ethically. When a worker is faced with a decision that others within the organization think as appropriate, though it is unethical, the worker may follow what is acceptable as per the culture. It is the relationship between organizational culture and ethics that can get businesses into significant trouble in the long term.
In today’s market climate, companies have had to increase their consciousness as to what really matters. The market is demanding more and more that organizations account for the interests of not just shareholders but all stakeholders. Team members, shareholders, customers, vendors, the environment and society’s interests must be in the forefront of consideration of all companies wishing to stay relevant in today’s market and workforce environment. This in more than just the right thing to do, it is an operational imperative that offers significant ROI to a business’ bottom-line. Companies must view themselves as part of an ecosystem; one entity in an interdependent interconnected environment.
Collusive behavior in the work place means supporting or allowing the unethical or incompetent actions done by the leaders, managers or supervisors. Certain type of collusive behavior in the work place do exist because employees want to gain appreciation or trust by managers through doing so. If the leaders or supervisors appreciate their support, the employees might get a promotion. What’s more, by behaving collusively to the managers, employees could also be in a better relationship than the others who do not, which means “potential benefit” to themselves in their own eyes. However, what I want to say is that if the company behave unethically as a whole, it may lose its consumer trust and undermine the firm’s reputation, then how can an employee realize his personal value?
How Personal Can Ethics Get? Dr. Ronnie Jones The Business Enterprise – BUS 520 7/12/11 Strayer University Abstract The personal preferences of individuals, differences, cultural implications of ethics and how they effect organizations and their policies are a hot topic in the business management arena. There are no universally accepted principles on ethics and how to handle these situations. However, with effective leadership, and an employee code of conduct written and documented within the organization’s policies and procedures manual, one can handle an ethical situation feeling good about their decision personally, and that they made the correct decision for the organization
Shareholders have an ethical duty to step in and make demands if the company is acting unethically. Shareholders also have a legal responsibility to obey the law on the business of shareholder and business relations. Shareholders also have a legal responsibility to not misuse company assets. Last, shareholders have a economic responsibility to be profitable and earn returns on their investments. Actions: Shareholders are a mixed-blessing because it aids in the operations and success of the school and are highly cooperative, but also has the power to change any part of the business that it feels is not up to its standards.
Business ethics is the guiding principles on what is the “right” or appropriate way to behave in a situation (Jones & George, 2008). Many companies have code of ethics in their employee hand book that guide the employees about the ethical behavior and inform them about the ethical misconducts in the workplace. Even some organizations have ethical program training to train the employees to how to address and handle ethical issues in their daily tasks. But not all the employees have high commitment in ethical standards of the company, especially when they want to
Being in the right location is a key ingredient in a business's success. If a company selects the wrong location, it may have adequate access to customers, workers, transportation, materials, and so on but may not be able to maximize it efficiently. Consequently, location often plays a significant role in a company's profit and overall success. A location strategy is a plan for obtaining the optimal location for a company by identifying company needs and objectives, and searching for locations with offerings that are compatible with these needs and objectives. Generally, this means the firm will attempt to maximize opportunity while minimizing costs and risks.
The rules and regulations of ethics and behavior are affected by the basic values of the goals of company with in the community. Even though there are some organizations that think the only social goal of a company is to gain benefit. With a different school of thought, other members think that the goal of a company is larger than just gaining profit and that everyone that is influenced by the firm's activity, suppliers, employees, shareholders, customers, and the domestic society have a concern and commitment in the firms activity. These commitments are very important to a company regardless of whether it is international or domestic in its activities. However, international companies have to deal with specific difficulties and requirements above and beyond those operating only in local markets.