Business Ethics Essay

1441 words - 6 pages

In today’s global society, a Code of Ethics policy is used to label established, acceptable behaviors among that industry’s business associates, potential investors, and the corporation’s executive officers and employees, and most important, the consumer (Ethics Resource Center, 2003). In an attempt to promote an increased efficiency and productivity potential level, among employees and prospective clients, a corporation’s standard Code of Ethics should guide its members toward a more in-depth examination of their personal moral activity, and how these actions affect the people or acquaintances they encounter. A company should utilize this strategy as a model for the professional behaviors and responsibilities of its constituents, and proves the occupational advancement of that business. Ethics are important in every level of a corporation, but specifically in the day-to-day actions of its members, and the image the company broadcasts to its associates is fundamental in building a stable business foundation. These pledges are a vital communication tool used to covey the firm’s standards for business operations, and predominantly, its relationships with the surrounding communities (Ethics Resource Center, 2003).
The statement made in this example for discussion has credibility to a certain extent, but there are always reactions to any action, as stated in the basic laws of physics. This also holds true when scrutinizing the actions of a brain surgeon, a reporter, or an employee at a fast-food restaurant. The significance may not seem to be equal when determining the impact level of these jobs, but the individual attempts to perform at the highest possible intensity should always be the main goal (Horngren & Harrison, 2007). When discussing the damages a brain surgeon can create from a mistake during a procedure, and the mental abuse a reporter may cause by printing fallacies about an individual, can have many of the same outcomes. Pain and suffering can be both mental and physical, depending on the severity of the mistakes, and how those repercussions affect the surroundings, including the global environment, as well (Horngren & Harrison, 2007) . Physicians hold in their hands the power to heal, and also to harm, but when examining a reporter’s mistaken actions, a person would most likely say that the insinuation of legal responsibility, or accountability, would not come close to comparison. But what if that reporter printed a false statement that intimidated a person to the extent of suicide, or worse yet homicide? Would that not be called murder? Or would it be classified as simple malpractice? Different scenarios would, of course, require different repercussions due to the severity of insubordination. A restaurant employee can refrain from implementing procedures outlined by the local health department, and cause an accidental death due to food poisoning. All of these outcomes result in injury or death, and...

Find Another Essay On Business Ethics

Business Ethics Essay

1817 words - 7 pages Business Ethics Business ethics is a diverse field that cannot be defined with a single definition. This area addresses numerous issues, problems, and dilemmas within the management of businesses. Does this through numerous perspectives and methods. Of course, in order to present the complexities of business ethics, we must explore the types of issues that business professionals are continuously confronted with. To understand one

Business Ethics Essay

952 words - 4 pages Business Ethics The statement has been made that "ethics has no place in business" and the implications of this statement and its inferring characteristics provide a complex issue in the operation of national and multinational corporations. Because ethical decision making is often not as profitable as choices that do not embrace ethical elements, the perspective has emerged that the nature of an effective business mindset inherently

Business Ethics

1783 words - 7 pages Outline : A) General overview. B) Utilitarian theory. C) Kant theory. C) Rawls theory. D) Conclusion. Foreword: This research paper discusses theories in business ethics. It also considers three cases that illustrate ethics principles violation. Thesis: Nowadays in the era of economic relations and international trade business ethics plays a very important role. Nowadays in the era of economic relations and

Business Ethics - 941 words

941 words - 4 pages Business Ethics Business ethics is a multifaceted field that cannot be defined with a single definition. This area addresses numerous issues, problems, and dilemmas within the management of businesses. It does this through numerous perspectives and methods. Of course, in order to present the complexities of business ethics, we must explore the types of issues that business professionals are confronted with all the time. Business ethics not

Business Ethics

865 words - 3 pages BUSINESS ETHICS REFLECTION 1Business Ethics ReflectionKimberly AdcockXMGT/216August 10, 2014Shakema Fleming-SandersBUSINESS ETHICS REFLECTION 2DESCRIBE THE RELATIONSHIP AMONG VIRTUE, VALUES, AND MORAL CONCEPTS IN THE ETHICAL DILEMMACompanies often promote a particular set of values through a corporate mission statement, code of ethics. The extent to which individual employees apply these values on a day-to-day basis depends on an employee's own

Business Ethics

3512 words - 14 pages I. ABSTRACTWithout question "business ethics" is one of the hot topics of the day. Over the past months we have seen business after business charged with improper practices that violate commonly accepted ethical norms. This has led to a loss of confidence in corporate management, and has had severe economic consequences. Business ethics serves the important social function of integrating business and society, by promoting the legitimacy of

Business Ethics

1307 words - 6 pages Business Ethics PAGE \* MERGEFORMAT 1 Running head: BUSINESS ETHICSBusiness EthicsDon CarterGrand Canyon UniversityBusiness EthicsIntroduction: One of the great arguments in business has always been whether a certain amount of deception or trickery is an ethical practice. For decades businessmen have perfected some form of business bluffing whether it was to gain an edge against a competitor or to get a promotion. However, simply because

Business Ethics - 1292 words

1292 words - 5 pages an organization and its employees are part of the team, therefore the organization would benefit if their leaders are having strong ethical principles and positive relationships . Because business ethics helps the team work better both individually and as a unit, thus inspiring ethical values while maintaining innovation and overall productivity. Effective leadership is relevant for business ethics because increasing demands are placed on

Business Ethics - 550 words

550 words - 2 pages Business Ethics Discussing the ethics of big business can very well get complicated. At the same time they can be very simple. Ethics of big business in a free enterprise system consist of some ideas. Some important ideas are competition, workers rights, and consumer protection.Productive resources let businesses produce goods and provide services. The Idea of Maximum Profit is very important in business. Profit is the businesses earnings after

Business Ethics - 1178 words

1178 words - 5 pages Business ethics can be looked at in two different ways. First from an individual standpoint and also an organizational standpoint. Individuals have the responsibility to exhibit ethical behavior to both there employer as well as the customer. Organizations carry the same responsibility towards the customer but also carry a social responsibility to contribute to the community in which they conduct business in.The decision process in making

Business Ethics - 1497 words

1497 words - 6 pages getting new customers through positive word of mouth. That is how repeating sales happen and how the business continue in long-term.Legal IssuesSometimes unethical behaviour such matters as price discrimination, bribes, kickbacks or insider trading can cause a serious problem. It is because they are illegal business practices. In law, the United States has standardised a partial common code of ethics based on complex federal, state and city

Similar Essays

Business Ethics Essay 1764 Words

1764 words - 7 pages 7CokeAbstractImportance of Business ethicsLeigha Coke and Trevor DosterDecember 20, 2013The objective of this essay is to explain the importance of business ethics for small businesses. The definition of business ethics is described in full detail to help better explain the purpose of ethics. Ethics are the moral guidelines in which an employer should govern their business. Most ethics are geared toward the business's customers. A business must

Business Ethics Essay 2216 Words

2216 words - 9 pages sounds simple, it is easier said than done! There will always be a conflict of interest between various groups of people. Any decisions made by businesses need to be made with an informed awareness of the specific situation and then act according to some sort of system of principals which is Business Ethics. In my report I will talk about business ethics, provide the benefits of ethics and the implications of ethics to a company's stakeholders.What

Business Ethics Essay

2231 words - 9 pages achieve business objectives. In an April 1997 study, the Chartered Financial Consultants and the Ethics Officers Association, found that 56% of all workers feel some pressure to act unethically or illegally. The study also revealed that 48% of workers admitted they had engaged in one or more unethical and/or illegal actions during the last year. Among the most common violations: cutting corners on quality, covering up incidents, lying to

Business Ethics Essay 1554 Words

1554 words - 6 pages the ethics and values contained in their mission statements produce graduates who are highly valued and sought by ethical organizations." (Procario-Foley and Bean, 2002:101).The question then becomes, "Who should teach ethics, when and how?" (McDonald, G, 2006). According to Klein's 1998 article, the one condition necessary for a business ethics course is that the teacher must be a philosopher. He argues that philosophers are best qualified to
Tutta colpa di Freud (2014) | WallPaper | Most Bids