Preview

Ethical and Moral Issues in Business

Good Essays
Open Document
Open Document
866 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Ethical and Moral Issues in Business
Ethical and Moral Issues in Business

Mgt/216

Steve Fletcher

October 18, 2010

One

Ethics and moral issues in business become factors that individuals encounter at several times in one’s daily life. An individual becomes greeted each morning in the newspaper, confronted in the fundamentals of one’s daily jobs, and bided good night on the evening news. In a professional setting, a person’s behavior to act in a manner that upholds the good of society becomes expected. To understand ethical and moral issues in business, their differences must become imperative, the differences between personal ethics and business ethics become essential, and examples of common ethical problems in businesses become important. Ethics become extremely important to everyone in the workplace, and are the beliefs, values, and morals that an individual possess. “The discipline dealing with what is good and bad and with moral duty and obligation,” defines ethics according to according to Merriam-Webster, Incorporated (2010). These values, belief, and morals become usually instilled in the individual from family, church, society, peer groups, profession, or other sources. A variety of ethical issues that becomes apparent within various organizations today include “conflict of interest,” “discrimination,” “harassment, Sexual and otherwise,” “recruitment and staffing,” “customer confidence issues,” and “corporate resources.” These ethical issues occur within today’s business environments and have a tremendous effect on organizations.

Two “Moral principles, teachings, or conduct,” defines moral according to Merriam-Webster, Incorporated (2010). A variety of moral issues that becomes apparent within various organizations today include “falsification of facts, deception, concealing information,” “misrepresenting correspondence or publications,” “ the swaying of people's feelings,” “cheating, rule-bending, misleading people,” “exploitation of weakness and

You May Also Find These Documents Helpful

  • Good Essays

    Ethics play a role in everyday business. Many company executives in an attempt to build a profitable organization and build individual wealth are confronted with ethical decisions daily. Penn Square Bank and Dow Corning have both made decisions in their business that started out making millions of dollars but ultimately cost them more than could have been imagined. Unethical decisions cause more than just cash to an organization, the loss of reputation could be even more detrimental.…

    • 850 Words
    • 4 Pages
    Good Essays
  • Better Essays

    All organizations that are currently operational have or ought to have a code of ethics in which is being followed. The importance of ethics in any organization helps direct in what way they will respond to internal and external stimulus. The largest organization in the world is Walmart, I work as sales manager for a CPG company and interact with Walmart every day. They deal with a great deal of external social pressures that influence their ethics. Walmart has dealt with its fair share of lawsuits as they have been in litigation 4,851 times just in the year 2000 alone Willing, R. (2001, August 13). Every time a concern rises they constantly analyze…

    • 977 Words
    • 4 Pages
    Better Essays
  • Better Essays

    Business ethics are controversial given there are no universally accepted approaches for handling ethical issues when they arise. This assignment allows you to explore business ethics, right and wrong, and the conflict that may occur between your personal morals and what is deemed acceptable by the organization.Explore the online library for scholarly resources on business ethics and virtues. Using Microsoft Word, prepare a paper that discusses the following questions: * What are business ethics? * What does "right" really mean? How do you know when something is truly "right" or totally "wrong"? * Describe the virtues that are most important to fostering an ethical organization. * Describe an incident when your moral standards conflicted with someone else 's moral standards (either personally or in the workplace). What was the outcome? Would another outcome have been more desirable? If so, why?…

    • 850 Words
    • 4 Pages
    Better Essays
  • Better Essays

    Every organization has a standard or code of ethics every employee is expected to adhere to. Not everyone within an organization share the same moral values or principles, this is due to cultural differences and understanding ethics competency. Ethics competency is described as the knowledge, skills and abilities to incorporate values and principals that distinguish right from wrong when making decisions and choosing behaviors ( Hellriegel & Slocum, 2011p.10). How one determines right from wrong is based on their personal beliefs but behavior and conduct within an organization should be universal, in order for an organization to be effective. Ethical issues within an organization is common because of personal differences , these ethical issues influence the decisions employees make daily (Hellriegel & Slocum, 2011). Lawrence Kohlberg’s model of moral development suggests there are stages through which individuals evolve, ranging from the lowest stage obedience and punishment orientation, to the highest stage; universal ethical principles (Hellriegel &…

    • 934 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Lets begin with the American Red Cross a not-for-profit Organization. The American Red Cross is a humanitarian agency that responds to natural disasters here at home and also abroad. They bring comfort and care by providing food and other essentials that are needed during a natural disasters. The American Red Cross also provides community educational programs and is funded by people who donate not only money, and items, but their time.…

    • 3181 Words
    • 13 Pages
    Powerful Essays
  • Satisfactory Essays

    Ethical and moral issues in business go hand in hand, and go along well with one another. We each have our own moral standards that make us who we are and what we stand for. Our character comes from our moral ethics, and how we were raised to handle ourselves in certain situations. Ethical behavior comes from society and how we are perceived by society. Ethics in a business setting involves both morals and strong ethics. I am going to attempt to explain what the difference is between moral ethics and business ethics in this paper.…

    • 569 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Best Person for the Job

    • 1402 Words
    • 6 Pages

    [ 1 ]. William H. Shaw and Vincent Barry, Moral Issues in Business, 11th ed. (Belmont, CA: Wadsworth, Cengage Learning, 2010), 75-76.…

    • 1402 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Ethics plays an important role in the function of a business. The overall standards of a company often determine the conscious effort and importance of ethical standards. There are various reasons for business ethics that go beyond the invisible line set by most business standards. Competition, security, and safety become compromised by carelessness, neglect, and ethic violations for companies that do not regulate themselves on a regular basis. Conflicts in leadership and a change in rank and procedures are often the end result in a company that has violated business ethics.…

    • 1330 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Spitzer, Eliot “H&R Block exhibits” Supreme Court of the State of New York County of New York, March 15, 2006 http://www.oag.state.ny.us/press/2006/mar/HR%20Block%20Exhibits%20(Final).pdf…

    • 1567 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Ethical Relativism

    • 585 Words
    • 3 Pages

    This article researches and identifies the gap between the theory and practice of business ethics. The author identifies the lack of practice of ethical decision making within the organization and provides what he believes to be one solution to bring ethics back into the business process.…

    • 585 Words
    • 3 Pages
    Good Essays
  • Good Essays

    In today’s society most people that work in a corporation often come across and have to deal with on the job ethical issues. “Ethics is a conception of right and wrong conduct. Ethical business behavior is demanded by business stakeholders, enhances business performance, complies with legal requirements, prevents or minimizes harm, and promotes personal morality” (Lawrence and Weber 2011). Ethic issues occur in all areas of business and at all levels of business management. I believe that ethical problems occur for certain reasons one being the selfishness of others. To help prevent unethical issues management must be able to recognize and help solve ethical dilemmas in the workplace. “Managers are key to whether a company and its employees will act ethically or unethically (Lawrence and Weber 2011). In some cases, managers and employees exhibit poor ethical behavior because the company doesn’t offer a clear model of ethics. Some businesses have no formal ethical policy documents and offer no guidance at all. Others have policies that are unclear, vague, inconsistent or not consistently enforced.…

    • 718 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Defining Ethics

    • 1926 Words
    • 8 Pages

    Business ethicists consider moral and ethical challenges within a commercial context. They ask a number of questions about the rules and principles governing ethical behavior in the world of business. What are or should be the ethical obligations of people working in business settings to investors or owners? To the businesses they deal with as customers or sellers? To their peers and employees? To society?…

    • 1926 Words
    • 8 Pages
    Better Essays
  • Good Essays

    Ethics in an organization is very essential whether it is in the area of finance, marketing, customer…

    • 809 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Ethics is an extremely important aspect of the culture of a company. Ethics is a set of moral principles: a theory or system of moral values. It is vital that each company adhere to an ethical code. Often times the morale of employees decrease for a variety of reasons. This decrease or lack of morale causes employees to begin to act in an unethical manner. Unethical behavior tends to be a common practice within some companies. “Larger companies sometimes decide that breaking laws and paying the fines involves lower costs than the financial gain made from breaking those laws” (Zeiger, n.d.) Despite the fact the unethical behavior occurs with the workplace, there are still several employees that are loyal to the law, the community and society as a whole. They report knowledge of illegal acts within the workplace. This group of people is known as whistleblowers.…

    • 1292 Words
    • 6 Pages
    Better Essays
  • Better Essays

    Ethics Paper

    • 1200 Words
    • 4 Pages

    One of the main questions when talking about ethics, is the very general question of: What are Ethics? Business Dictionary describes ethics as: “The basic concepts and fundamental principles of decent human conduct. It includes study of universal values such as the essential equality of all men and women, human or natural rights, obedience to the law of the land, concern for health and safety, and increasingly, also for the natural environment.” Ethics can be considered a fundamental stepping stone to become a leader in a company as well as a great starting point for any company to see how a person would conduct themselves while they are representing a company or organization. In a company or an organization, a code of ethics can be a set of principles that guide the programs, policies and decisions for the business. The way a person or company uses their ethical philosophy can affect the reputation, productivity and bottom line of a business.…

    • 1200 Words
    • 4 Pages
    Better Essays