Business Ethics

Topics: Ethics, Morality, Virtue Pages: 3 (937 words) Published: September 7, 2003
Describe an ethical problem you have encountered or might encounter in your workplace. How would you approach the problem and reach a decision to solve it?

Business ethics defines how a company integrates core values - such as honesty, trust, respect, and fairness - into its policies, practices, and decision-making. Business ethics also involves a company's compliance with legal standards and observance to internal rules and regulations. Business ethics is, in part, the attempt to think clearly and deeply about ethical issues in business and to arrive at conclusions that are supported by strongest possible arguments.

Ethics is concerned with how a moral person should behave, whereas values are the inner judgments that determine how a person actually behaves. Ethical principles are the rules of conduct that derive from ethical values. For example, honesty is a value that governs behavior in the form of principles such as: tell the truth, don't deceive, don't cheat. In this way, values give rise to principles in the form of specific "dos" and "don'ts."

In a business the ultimate goal is to achieve maximum profits. There are factors affecting at different levels of the business such as finance, technology, labor, and workflow in order to maintain excellence and growth of the company. In this paper, I want to demonstrate what ethical issues I faced working as a team leader for my company and how I approached the problem in order to solve it. How to make decisions and also to find solutions without disturbing the environment of the workplace. Furthermore, I will concentrate on the notion of responsibility and morality.

Team leaders must master a broad range of business talents and also qualities such as team leadership,...
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