Comparative Business Ethics And Social Responsibility

1593 words - 7 pages

Comparative Business Ethics and Social Responsibility
HC2121
Lecturer: Sandhy Patrick
Md Omar Rashid
HBD2114

Employees habitually face ethical predicaments. These ethical behaviors refers to treating others fairly, it specifically refers to; Being honest, Maintain confidence and trust of their employers, Following rules and regulations set up in the organizations, Conducting themselves in a proper manner, Demonstrating loyalty to company and its associate (Weber, 2002). An ethical predicament comes into being in a circumstance when potential negative ethical code is being used to make a decision. In a situation where an employee is being encouraged to inflate the expense account to meet his selfish needs would call for a deep examination and determination of the most appropriate step to take. The decision made can either be influenced by ones individual moral development as a loyal employee or on the other hand by the cultural values established by the organization to regulate the conduct of employees.
Majority of the organization’s management comprehend that paying attention to ethical and social responsibility is as vital as organizational issues such as paying attention to organizational costs, profits and overall growth of the organization. Unsurprisingly, the affiliation of a corporation’s principles and social responsibility to its economic performance relates to both managers and management intellectuals, which has caused a hectic debate. Organizations are also looking forward to measuring the nonfinancial factors that create value for the business. Researchers find, for example that people prefer to work for companies that demonstrate a high level of ethics and social responsibility. This will therefore create a center of attention and retain high quality human resources. Progressive corporations appreciate that integrity and trust are fundamental basics in upholding successful and profitable company relationships with an increasingly associated web of employees and partners (Whittington, 1983). When organizations establish and implement these measures, they create a good working condition and therefore the employees feel being part of the organization. The close attachment of loyal employees to the organization facilitates their loyalty and thus one is not likely to perform fraudulent acts such as inflating their respective expenses (Muriel, 1983). Individual principles are another measure that would greatly influence the decision of an employee when faced with encouragement of inflating the expenses. The perception expressed by an individual on the expected outcomes on the use of fraudulent inflation of the expense account either encourages or discourages the likelihood of inflating the expenses (Eisenberg, 2000).

The figure above shows how fraudulant situations arise in workplace
Generally, there are a number of approaches to maneuvering the monetary statements. One of the means is by inflating the present financial...

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