Importance of Ethics in the Workplace

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Many well known companies, such as Enron, have had their fair share of bad business ethics. The Enron ‘incident' shows us the importance of following ethical standards in today's world. It also illustrates how susceptible employees and the organization are to ethics, and how it can threaten the entire future of a company. Establishing ethical company values are of extreme importance in maintaining a consistent and effective workplace. In this paper, we will examine and discuss two case studies of workplace ethics, one of which is a good example of ethical workplace behavior, the other is an example of wrongful conduct and behavior. We should start by defining our view of ethics, before diving into the world of ethical business standards. Ethics is a set of rules that defines the conduct for specific behavior and guides the standards of organizations and professional occupations. Ethics provides values to the things that are desired, things that one should and ought to do, which includes concepts such as wealth, happiness, success, and fulfillment. It can also be called moral philosophy because it is the basis of the different types of moral values, theories and principles. It motivates us to make the decision whether to do right or wrong. Is it right to steal from your office's petty cash to supply Christmas gifts for your children? Is it ethical to fire an employee who solely supports their family with his or hers current income? (Webster's, 2007) These questions touch on the moral stitching of what we are held together or torn apart by. As a result, people often embrace a particular religion, social group or even political group that follow the moral and ethical values that best suit them. Work place ethics are generally no different than those that individuals practice outside of the professional environment. These ethics govern how the executives down to the lower level employees should function and behave professionally. Many companies have...
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