When you are in a position of management you come in contact with many ethical and moral decisions that need to be made. Business ethics is highly required in the corporate world. Many business professional have to understand that they are not only running a company but they also have to set and follow moral values to keep the company’s integrity at a positive stand point. Business ethics has both normative and descriptive dimensions. As a corporate practice and a career specialization, the field is primarily normative. Academics attempting to understand business behavior employ descriptive methods. The range and quantity of business ethical issues reflects the interaction of profit-maximizing behavior with non-economic concerns. Interest in business ethics accelerated dramatically during the 1980s and 1990s, both within major corporations and within academia. Along with business ethics you also have to form an opinion from your personal values and see how they match up. Personal values are like being part of a culture that shares a common core set of values creates expectations and predictability without which a culture would disintegrate and its members would lose their personal identity and sense of worth. Values tell people what is good, beneficial, important, useful, beautiful, desirable, constructive, etc. They answer the question of why people do what they do. Values help people solve common human problems for survival. Over time, they become the roots of traditions that groups of people find important in their day-to-day lives.
A value is a belief, a mission, or a philosophy that is meaningful. Whether we are consciously aware of them or not, every individual has a core set of personal values. Values can range from the commonplace, such as the belief in hard work and punctuality, to the more psychological, such as self-reliance, concern for others, and harmony of purpose. When we examine the lives of famous people, we often see how personal values guided them, propelling them to the top of their fields. For example, when a person is motivated by a commitment to social justice, which led to an important job that was related to that value that made the person want to make the goal stronger. Likewise, a well-known business CEO was motivated by the personal value that technology should be easy to use, which caused his company to spawn a technology revolution. Whatever one's values, when we take them to heart and implement them in the smallest details of our lives, great accomplishment and success are sure to follow? Just as individuals subscribe to values, so do organizations and institutions. In fact, if we were to examine any company, we would discover that one or more business values were the key to their success. Members take part in a culture even if each member's personal values do not entirely agree with some of the normative values sanctioned in the culture. This reflects an individual's ability to synthesize and extract aspects valuable to them from the multiple subcultures they belong to.
A topic that has many ethical and moral issues to me is termination of an employee. Some more and ethical issues managers face when terminating an employee is a good reason why for the termination. Or how will this affect the employee and his/her living arrangements if they have a family. I have seen many unethical things in my line of retail. Some managers are very unethical to the point they go to the extreme to have a person fired. You also have employees that try to set other employees up to be fired as well. One example was when I was working at Office Depot and there was this manager that would probably be at the doctor almost every two weeks for his back. Now, his back injury was caused by the job and picking up boxes. But the managers over him felt like he was taking advantage of the company’s benefits but not really doing his job. So the store was robbed one...