Explain the ethical issues a business needs to consider in its operational activities

Ethics are of a special importance to practicing professionals. Professions such as lawyers, teachers, doctors and engineers have a bigger responsibility as to making sure there jobs are done right and ethically. Though in order to achieve this goal individuals must understand what ethics really means. Ethics is basically the rules of conduct which is recognized in respect to a particular group, culture, or class of human actions. The decision to behave ethically is a moral one.

There are several factors that account for the changes in the way business is conducted today. Factors such as increased global competition, economic conditions, technology, electronic commerce, workforce diversity, and ethics have all play a significant role in how business is conducted. How a company conducts itself as a business and a corporate citizen is critical to its success.

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.

It is important for businesses and professionals to be versed in ethical issues because it helps with decision-making when faced with different situations that create a moral dilemma. Business and professional ethics help to develop a certain moral standard and expectation in the business world. The ethics in which a business or a professional operates within benefits both the giver and receiver. Engaging in the exchange of goods, services and information requires some level of trust in order to maintain civility. The thought that a person or a business is doing things that are unethical

Professional ethics are guidelines set by professional organizations that guide its members in performing the functions of their job appropriately, while behaving in a professional and ethical manner (Web Finance Inc., 2016). Some of the characteristics of professional ethics include “knowledge, honesty, accountability, integrity, loyalty, compliance with the law and more” (Reference An IAC Publishing Labs Company, 2016, para. 3). Professional ethics are important because it builds credibility and shows that the person is capable of doing their job appropriately, regardless of the situation,

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

When it comes to individuals is the organization displaying ethical behavior the majority of the impact of influences most likely comes from the individual personal and moral values. I agree with our assigned readings that reported, “He or she has a unique combination of personality characteristics, values, and moral principles, leaning toward or away from ethical behavior Kinicki and Kreitner (2009). A good example would be if the employees charge mileage each month for expenses not related to the job. Stealing and lying to the company is unethical behavior and tells a lot about a person charter because a person of strong values including spiritual upbringing would have a hard time fighting their morals and convincing their self that it is ok to be commit unethical act like stealing from the company.

Business Ethics are defined as “moral principles that guide the way a business behaves” (Businesscasestudies, 2017). In order for any business or individual to act in an ethical

2. Ethical Issues in Business. It seems that every day in the news we are hearing of new company that has acted at least unethically and possibly illegally in the operation and financial reporting of their company's business dealings. There are many ethical issues in business. One major issue that we see is over and under reporting net income. Companies like to show that every quarter the net income of the business has an increase or profit. In order to show this they adopt unethical or illegal means in the operation and financial reporting. One such method is the indiscriminate use of stock options for employees that enable companies to take employment costs off balance sheet and inflate earnings. With the recent ethical issues we have

For instance, both lawyers and accountants have agreed on profession-specific codes of professional conduct, and physicians still frequently take the Hippocratic oath. Regarding management consultants the professional associations have formulated different sets of ethical rules. The contents of the individual codes either specify what professional conduct is or they indicate what cannot be considered as professional conduct. However, it is also obvious that professional rules only serve as overall ethical guidelines. The consequence of this is that the professional when practising is exposed to several more specific ethical issues for which there is no explicit or written solution.

Admiring how ethics takes a role in the workplace is a significant way to start individual's thinking about the emotional and psychological aspects of ethical decision-making. There are many steps businesses can take into account when incorporating ethical decision-making into their practices, beginning with ethics training. All businesses, regardless of for-profit status should embrace ethics training at all levels of the organization. When an entire business takes part in learning the values of ethics together the program will be more successful. Ethics training is an important motivator for productivity as well as a way to practice the organization’s values. This training will enhance awareness of employees and open up the opportunity to discuss unusual ethical decisions that may

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

Ethics are moral principles or values that govern the conduct of an individual or a group.It is not a burden to bear, but a prudent and effective guide which furthers life and success. Ethics are important not only in business but in academics and society as well because it is an essential part of the foundation on which a civilized society is built.

In their personal and professional lives, people can and, unfortunately, sometimes do go against their moral and ethical standards. Ethical standards are what it means to be a good person, the social rules that govern our behavior. Ethics in business is essentially the study of what constitutes the right and wrong or the good or bad behavior in the workplace environment. A business is an organization whose objective is to provide goods or services for profit. The organization has a group of people that work together to achieve a common purpose. The moral challenges that these men and women face each day along with a whole range of problems that could occur, are why ethics plays such an important

Unlike moral behavior applies to society as a whole professional ethics apply to a specific organization, or employee of an organization. This also applies to the level of standards for services or products a professional organization provides. Examples of institutional ethics include characteristics such as integrity, compliance with laws regulations and accountability. This can include hiring employees that have a