Ethical Behavior in Management and Business
Ethics is the term we give to our concern for good behavior. Its human nature to not only is concerned with our own personal well being, but also that of others and of human society as a whole. Basically, treat others how you would like to be treated. Business ethics is very similar to normal every day ethics. It is related in a way that it involves being fully aware of what we're doing including the complications and consequences of our actions. Being aware of ethics in business requires us to be aware of two things. First, we have to have a need with complying with rules, such as laws, customs and expectations of the community, the principles of morality and the policies of the organization
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Another issue of that strongly is merged with ethics is performance appraisals. Some managers do not feel comfortable doing them because they do not want to be the "judge and jury" with respect to their employee's career (25). Some managers believe also by giving their employee's good feedback will cause the employee's future job tasks to do down. On the other hand, negative feedback will demoralize and demean the employee and they give them a higher appraisal then they deserve (25). Failure to be honest with employees about their performance is a form of deceit that is damaging not only to the employee, but the business, and the manager (25). Managers that follow appropriate performance evaluation guidelines and feedback procedures create an environment where employees have an opportunity to correct their mistakes and grow within the business (Ethics 25).
Successful Performance Appraisers
Managers who engage in mutual goal setting and open communication.
Managers who establish clear, measurable expectations and provide a climate conductive to success.
Managers who ask questions, listen carefully, and appreciate and use the ideas of others.
Managers who publicly recognize positive performance and privately correct improper performance when it occurs.
Managers who follow through on their commitments
Unsuccessful Performance Appraisers
Those who establish
Ethics has been around for a long time. Merriam-Webster defines ethics as rules of behavior based on ideas about what is morally good and bad. It is an area of study that deals with ideas about what is good and bad behavior. Ethics has much to do with feelings and beliefs. If you feel deep down in your heart that something is not right, then it you should not do it. The Bible says, “So whoever knows the right thing to do and fails to do it, for him it is sin” (James 4:17 English Standard Version). Ethical business procedures include guaranteeing that the main legality is in place. Also, the company observes moral standards in its relationships with the people in its business community, which includes the most important people in their business, who are the customers. This report will discuss ethics in business, ethically transformed organizations; organizations preparation to make ethical decisions, ethical danger signs, and organizations that does business globally.
According to Omidyar & Branson (2016), business ethics are called as corporate ethics which is a set of rules that define the right and wrong behaviour. From the research, ethics are a form of applied ethic that can be used to evaluate whether the conduct of the people are considered acceptable and appropriate. Besides, business ethics are the collective values of a business organization that can be used to evaluate whether the behaviour of the collective members of the organization are considered acceptable and appropriate. In the most basic term, a definition for business ethics boils down to knowing the difference between right and wrong and choosing to do what is right.
Business ethics is a form of applied ethics it deals with ethical rules and principles within a business or commercial context, the various moral or ethical problems that can arise in a business setting, and any special ethical duties or obligations that apply to people who are engaged in commerce, including workers and managers, customers and suppliers, and the larger group of people who have some interest in the business.
WATSON, G. and GALLAGHER, K. (2005) Managing for results. 2ND ed. London: Chartered Institute of Personnel and Development.
Business ethics refers to the consideration of moral decisions and responsibilities in the process of operating a business. Business ethics, practiced throughout the deepest layers of a company, become the heart and soul of the company 's culture and can mean the difference between success and failure. Values drive behavior and therefore need to be consciously stated, but they also need to be affirmed by actions. Ethical business environments are created with foundations of integrity, accountability and commitment.
Business Ethics is a set of moral principles applied in the commercial world. Business ethics provide guidelines for acceptable behavior by organizations in both their strategy formulation and day-to-day operations. An ethical approach is becoming necessary both for corporate success and a positive corporate image. Following pressure from
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).
Ethical behavior is significant to the development of persuasion, and important to the behavior of humans.It also influences persuasion by developing the progression of persuasion, and increasing those who are accountable for it. A person’s ethical behavior originates with morals and changes into what way an individual is required to connect to encourage effectively and dependably and finishes with who obligation it is to take responsibility in a persuasive interchange. The significance of our ethical behavior is realized within all our origins as human beings and stands as the groundwork of our different societies. We are directed by our ethical customs in the cultures which we create and live. “ The persuader’s determined actions means more under deontological ethics than under teleological ethics”( Magee,2014). According to David B. Resnik, J.D.,( 2011), ethics is defined as standards for behavior that differentiate between tolerable and intolerable conduct. Ethical morals of behavior that specify how an individual should conduct them self centered on ethical responsibilities and qualities.
In the business environment, ethics are defined by a set of rules, relatively a code of conduct which must be followed by the employees of a specific company. Furthermore, ethics govern what is morally right or wrong, the most common ethics include: fairness, honesty, integrity, respect and openness. Generally, companies and businesses have specific values which must be followed indefinitely by the employees. Ethics and values are overall mandatory in any company or business wanting to thrive.
Ethics refer to the study of right and wrong behaviors in our daily lives. Business Ethics is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. Government ethics refers to a professional code of conduct for those working in and for government and involves protocols about behaviors for individuals and groups like elected leaders, congressmen, and public servants. The purpose of all governmental communication is to encourage an “engaged citizenry.” Principles must be developed as a guide on whatever platform develops in the future. Business ethics are important in creating a cohesive understanding of the boundaries within an organization and the standards set for interacting with external stakeholders. It can also assist in protecting reputations and legal standings in the event of a breach of ethics by individual employees.
Business ethics defines how a company integrates core values - such as honesty, trust, respect, and fairness - into its policies, practices, and decision-making. Business ethics is, in part, the attempt to think clearly and deeply about ethical issues in business and to arrive at conclusions that are supported by strongest possible arguments. Ethical principles are the rules of conduct that derive from ethical values. For example, honesty is a value that governs behavior in the form of principles such as: tell the truth, don't deceive, and don't cheat.
In effect business ethics can simply be defined as the basic fundamental principles and concepts of decent human conduct. To be able to fully understand business ethics, one must be able to study some universal values including equality of all men and women, human rights, being able to be law abiding, responsible and having respect for the
Business ethics means ‘taking the right course’. Acting ethically takes into account all the factors of doing business. These include production, business processes, and the company’s behaviour with its customers and the communities in which it operates. It is about doing the right thing in everything the company does.
Business ethics is a vital element to the growth and success of any business. To be ethical means to have a system of moral principles. Ethics alone is a branch of philosophy dealing with values relating to human conduct, with respect to the rightness and wrongness of certain actions and to the goodness and badness of the motives and ends of such actions. To have business ethics you would take the meaning of ethics and apply it to the things that go on it the work place. We are going to take
“As a branch of ethics the field of business ethics is interested in how judgments of right and wrong, good and bad, moral obligation and responsibility, rights and duties, and the like, are made and justified” (Gill, David). As a descriptive enterprise, business ethics is an analytical exercise in understanding and explaining how people and businesses make their ethical judgments and decisions. If your business does not carry the proper ethics it cannot thrive. It takes the necessary steps within the business management to enforce these ethics upon their business. The field of business ethics is interested in more than just social and environmental responsibilities but those are certainly critical component areas.