Ethics And Legal Considerations : Strategic Management

Once the policy has been executed and training has started, communicating aspects about the code of conduct can have a significant impact on the ethical culture. Many of these communications come through the human resources department, but the voice of the executive management team is critical in these communications.

Define ethics? Ethics are set of rule that controls the activities of any business whether it's right or wrong .These guideline drastically affects the image of any organization in view of the organization's action, to the general population, its shareholder, workers. They are used to inspect if a firm or an individual has violated basic rules or aspects which relate to the normative theories .Normative theories are categorized into consequential and non-consequential , consequential expresses that moral rightness of an action is just in the view of its results, this implies that if the outcomes are moral then the action taken is correct,

Ethics are principles of behaviour that distinguish between right and wrong. Resnik (2011) defines ethics as” a method, procedure, or perspective for deciding how to act and for analysing complex problems and issues” (p.1). People face ethical decisions; however, People working in business frequently face ethical decisions. Business ethics is the evaluation of business activities and behaviour as right or wrong (Society for Business Ethics, 1991).

A code of ethics highlights the responsibility and accountability standards of each and every employee within the organization. These codes are also motivating factors that guide the employees’ behavior, set the standard regarding ethical conduct, and build an organizations trustworthiness within

Ethics are the doctrines and standards an individual practices to oversee his doings and decisions. In the health care organization for example, a code of ethics is a set of principles that guide the healthcare organization in its programs, policies and decisions for the business. It is very important to have a good ethic in any work place. The good ethic of the healthcare organization can boost and expend the business. By contrast, Unethical is the opposite of being ethical. In an unethical situation, people will not obey to the correct behavior or the acknowledged behavioral arrangement of the society. Unethical behaviors can lead our society to radical circumstances as well. As in ethics, there are some commonly mutual unethical practices

682). First, the establishment of the code of ethics within the business market has led to the incorporation of a corporate code for organizations (p. 682). Next, the corporate code is the document that outlines the current and future operations of an organization developed by the business (p. 682). In addition, the code outlines the conduct of the organization for the employee, manager, investors, and other beneficiaries of the business required to adhere to ethical principles and values (p. 682). In retrospect, this document formalizes the ethical requirement for the organization when conducting business practices (p.

Generally, ethics refer to moral principles and values. Random House Webster’s College Dictionary notes that ethics are “the rules of conduct recognized in respect to a particular class of human actions or governing a particular group, culture, etc.” An individual 's ethics generally define what that individual believes to be right and wrong. Professional ethics are typically expressed by a code of conduct adopted by an organization that represents a profession. Professions adopt such codes to encourage moral conduct among their members.

According to Lawrence and Weber (2014), in Business and Society, “Ethics is the conception of right and wrong” (p.69). Basically, it is a person’s perception of what is good, or what is bad when dealing with behavior. A persons notions are influenced by many different things. These include: religious institutions, schools, role models, the media, and family members. All of these experiences help to create a persons concept of ethics (Lawrence and Weber, 2014).

Organizations should conduct themselves towards their employees in a way that their policies and regulations adhere to legal standards; this is so employees know that all of their basic legal rights are and will be protected as stated by federal and state law. When an organization is truthful to their employees, the employees will become aware of their actions and act in a positive way towards the organization and therefore will work towards maximizing productivity, maximizing profit and boosting employee morale. An organization should measure the success of their ethical policies by acknowledging that they have done everything according to the law, the benefit of the organization and the success and happiness of their employees.

An organization's values, beliefs, and standards are manifested into its culture. The culture of an organization is what sets the tone for formal rules and norms of behavior (Trevino et al, 2011). A cultural change is needed when there is a large disparity between a company's written policy and the way that daily

In order to stay competitive and attain loyal customers, companies obtain structures and guidelines to ensure ethical dilemmas are decreased within a company. Many companies that have a high value for ethical behaviour put forward company ethical codes to ensure they are above the average standards set by the government. Assign ethical officers to different section of the office to promote ethical behaviour throughout the day. Companies encourage employees to undergo training

In order to influence an organizations ethical posture, understanding the definition of ethics is imperative. Ethics is a philosophical term meaning “custom” or “character”. It is associated with “describing and prescribing moral requirements and behaviors” which implies that there is a standard when of conducting oneself. (Mihelic, et. al 2010, p. 32) Ethical conduct or behavior is defined as behavior which is morally accepted as “good” and “right” as opposed to “bad” or “wrong” depending on the circumstances (Simms 1992).

According to Spiro (2010), a code of ethics is a collection of principles and practices that a business believes in and aims to live by and it does not usually stand-alone but in conjunction with a company’s mission statement. This helps employees and other stakeholders on the necessary things they stand for and how they must conduct themselves. In reference to McKay, 2016, the code of conduct includes expectations and defines acceptable behaviors alongside have the on pertaining each worker/individual on their behavior on the work. The most important reason for code of conduct implementation in businesses is to carry on a regular and satisfactory behavior which normally reflects on the vision, mission and the

here are several ways of defining and organizing ethical behavior. Hummels and Karssing (2000) distinguish three types of strategies. In the first strategy - the compliance strategy - the company develops concrete standards of behavior which are communicated to all members of the organization. The second strategy - the integrity strategy - does not rely on the compliance of strict rules, but rather on the own responsibility and integrity of the individual employees on basis of internalized values. The third strategy - the dialogue strategy - pays attention to the expectations of the stakeholders of the company. This strategy focusses on the responsiveness to the ideas, interests and values of others.

Ethics are the set of moral principles that guide a person 's behavior. These morals are shaped by social norms, cultural practices, and religious influences. Ethics reflect beliefs about what is right, what is wrong, what is just, what is unjust, what is good, and what is bad in terms of human behavior. They serve as a compass to direct how people should behave toward each other, understand and fulfill their obligations to society, and live their lives.