The Ethical Ethics Of Business Ethics Essay - 1828 Words

1. Introduction Hartman (2005) suggests that ethics involves decisions as to good and bad, right and wrong, and what ought to be. It can be recognized from morals and values. Business ethics goes far beyond employee loyalty and morale or the strength of a management team. The ethical operation of a company is directly related to profitability in both the short and long term. The reputation of a business from the surrounding community, other businesses and individual investors is critical in determining whether a company is a worthwhile investment. The present world of business and the well-being of society are at risk as it rests in the hands of business leaders who fail to practice ethical procedures. Corporate scandals at prominent such as Enron, Tyco and Worldcom who were involved in cases of fraud and negligence seem to have shaken the confidence of investors (Agrawal Chadha 2005). Ghillyer (2012) suggests that there is a choice guidance for persons by ways of either moral standards or moral compass of others in determining suitable behavior which has influences originating from cultural backgrounds or traditions to the customs of the environment in which we are positioned. Apart from operating ethically the company also has a social responsibility to act in the best interest of their environment and society as a whole (Anon n.d.). This paper aims to firstly define business ethics and social responsibility. Subsequently, an unethical issue encountered in The NationalShow MoreRelatedBusiness Ethics : Ethical And Ethical Issues1360 Words   |  6 Pages INTRODUCTION: Business ethics can be defined as the set of moral values and codes or standards of conduct in an organization. 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Business ethics can help the company to create and develop it workplace culture as well as to increase the productivity of employees. Due to the rapidly change and improvement of technologies, ethical practices within of the workplace have also been changed with the raising of new ethical issues. Many studies and researchers have indicated that it is very importance to identify and understand the impact of