Life is a journey full of decisions and choices. Some decisions are easily made based on routine or passed experiences. However, often time’s decisions need to be taken in which the choices available cross in and out between ethical and moral standards an individual lives by. It is important to understand the difference between morals and ethics in order to identify how such values guide an individual’s actions in life. This paper will examine the differences between ethical and moral issues, the differences between personal and business ethics, and finally will look at common ethical and moral problems found in business.
Ethical issues are considered those by which a group of individuals guide certain actions or behaviors. These behaviors are set by each person’s moral values and behaviors are deemed either acceptable or unacceptable within this ...view middle of the document...
) If a defense attorney exercised personal moral values when defending a client they would find it difficult to look past their ethical responsibility. This ethical responsibility requires a defense attorney to uphold a legal system in which the prosecuting attorney would have to proof guilt beyond reasonable doubt.
Personal ethics can be defined as morals or values by which an individual or group guides their life whereas business ethics more closely relates to the rules and guidelines an employer expects their staff to follow. Business ethics serve as guiding principles by companies to ensure employees understand what acceptable behavior is and what is not, this however does not ensure employees will always make the right decisions.
An example of a common ethical problem in the workplace is when an employee outsources a specific job or product to a family member or friend. The employee might have the company’s best interest in mind and consider that by outsourcing to a family member or friend they are getting a better deal thus saving the company money. The problem is that doing business with family or friends can lead to grey areas in which an employee can be construed as having personal financial gains as their main interest since a family member or friend can offer a bribe for getting the job handed to them.
Morals, values, personal ethics, and business ethics all have interrelated influences that can cause a person to assume they mean the same thing. It helps to understand that personal morals and values are the principles by which individual makes decisions in life and personal and business ethics focus on conduct. The consequences of making the wrong choice relating to a moral issue can leave an individual with a dirty conscious or shameful feeling, however making the wrong ethical decision can lead to a much severe consequence.