Unethical Issues

Topics: Business ethics, Ethics, Employment Pages: 2 (596 words) Published: September 11, 2009
Unethical Issues
“Business ethics can define as written and unwritten codes of principles and values that govern decisions and actions within a company.” lovetoknow.com. Ethical issues in business today vary from company to company. Working for a family owned business can be unethical for several reasons. Some reasons that may arise might be conflict of interest, management problems, and nepotism. Yet these companies continue to go forth with their company with no regard for the regular employee. One of the ethical issues that are most common is conflict of interest. According to businessdictionary.com the definition of conflict of interest is a “Situation that has the potential to undermine the impartiality of a person because of the possibility of a clash between the person's self-interest and professional-interest or public-interest.” One example would be hiring a family member to do a contract labor job. Take for instance a patient who is need of minor home modifications. The government issues a certain amount of money for these “home mods” you turn around and hire your relative to do the job. Not only is this employer denying others in your community the opportunity to apply for the job but they are also denying the patient his or her rights of having a qualified contractor to complete the job. Another unethical issue that may occur in a family owned business is management problems. Management problems occur when this lack the ability of controlling family members. Working in a family owned business, family members tend to believe they are above the company’s policies. Coming in late and leaving early are some examples of management problems. Regular employees are forced to follow policies set by management and are disciplined when this policies are violated. But in the same token family members are not dealt with in the same manner. They are not expected to follow any of these policies and are rewarded by management which usually includes family members....
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Essay about Contemporary Issues
  • Social Issues Involving Zambia Essay
  • Abortion. A social issue Essay
  • Sociological issues in sport. Essay
  • Essay on Defining Social Issues
  • How Valuable Is Sociological Knowledge in Contributing to Our Understanding of Contemporary Health Issues? Essay
  • Socio- Cultural Issue and Education Essay
  • Current Issues in Greece Essay

Become a StudyMode Member

Sign Up - It's Free