Xmgt/216 Week 4 Ethical Issues and Management

Topics: Business ethics, Ethics, Morality Pages: 4 (1132 words) Published: February 23, 2012
Ethical Issues and Management Paper

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...
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