This website uses cookies to ensure you have the best experience. Learn more

The Importance Of Ethics In Business

1713 words - 7 pages

Ethics is the branch of philosophy that deals with the principles correlated to human behavior concerning the rightness and wrongness of specific conduct, and to the good and bad that influences and ends those actions (Ditonary.com, 2011). In other words, ethics is the choice people effect in regards to a decision they need to achieve. Without ethics directing the choice an individual makes, moral preferences of what should or should not be done becomes irrelevant. While ethical decisions are made every day there are two different regions in which these choices are made.
Personal ethics are something that everyone has, but ones deeds decide whether the choices are the right ones or the ...view middle of the document...

Only by separation of personal ethical choices in the work place, will an organization succeed and flourish. It is never appropriate for any employee, management or otherwise, to conduct business for personal gain. The people who become harmed lose trust, confidence, and the expectation of themselves and of the people who chose to put their personal ethical choice before the needs of the customer and business.
National Business Laws
Conducting business in the United States is regulated by different types of laws. The definition of business law, also known as commercial law, is the governing of transactions between business entities. These include all aspects such as advertising, collection, banking, contracts, and trade in general (Legal-Dictonary.com, 2011). Business laws consist of federal, state, and local laws that all organizations small or large must abide by. Federal laws are comprised to include industry laws and regulations, employment and labor laws, handling of legal concerns, and understanding fair practice (SBA.gov, 2011). State laws vary depending on which state the company operates from, and the type of industry. State laws affect all corporations from banks to health care, mortgage companies to retail. Local laws are specific to the town or city the business resides within and includes location, zoning, and sign regulations (SBA.gov, 2011). All organizations are mandated to follow federal, state, and local business laws.
International Business Laws
Laws in the business world are well defined in the United States businesses, but when expanding internationally the laws become unique to the country. Incorporation of legal business operations and local customs becomes imperative because upset of either government or resident population should be averted. Knowledge of business laws overseas is something every business needs to know in order to prosper. Learning about the culture, customs, and needs of a foreign population is important in order to conduct business in another country. Each country has its own set of business laws, and understanding the different legal systems within the country the business operates is imperative to the success of any business.
Codes of Conduct
The employee code of conduct is an unvarying expectancy of behavior and performance that helps promote professional pride. These codes include confidentiality, harassment, dating, dress code, timeliness, and personal demeanor (Drew, 1999-2011). If an organization does not follow, enforce, or update the codes of conduct then the interest in the organization will collapse and employees would be left to act, as they will. Vendor codes of conduct, or vendor agreement, is the standard rules set down by an organization that vendors must follow in order to provide any type of provision. Different establishments have different purveyor codes that are specific to the company. The traditional codes include compliance with safety regulations, labor...

Other Essays Like The Importance Of Ethics In Business

The Role of Ethics in Business

1065 words - 5 pages /helplines, procedural justice systems, and standards of conduct – are available to management and employees and that those resources are effectively designed, implemented, and promoted. Encourage the human resources and ethics and compliance functions to coordinate efforts and initiatives to maximize the effectiveness of both roles. In order to identify areas of weakness and promote accountability, regularly assess both the level of employee engagement and the ethical culture of the company. Actively and overtly strive to make decisions and act in ways that promote employee engagement and demonstrate the importance of ethics and ethical standards.

Importance of Hr in Business Essay

1109 words - 5 pages of HR Running Head: Importance of HRM in International Business Importance of HRM in International Business [Name of Author] [Name of Institution] 1- Outline Importance of human resource management is now globally recognized and business growth is related to better management of human capital of a company. The present research proposal, henceforth, sets ground to investigate the importance of managing, running, and stabilizing

The Importance of Good Communication Skills in Business

951 words - 4 pages The importance of Good communication skills in business History of Communication  Nonverbal: 150,000 years  Oral: 55,000 years  Written: 6,000 years  Early writing: 4000 BC  Egyptian hieroglyphics: 3000 BC  Phoenician alphabet: 1500 to 2000 BC  Book printing in China: 600 BC  Book printing in Europe: 1400 AD Why Study Communication?  The Only Completely Portable Skill  You will use it in every relationship

Business Ethics and Csr in the Context of Samsung

3341 words - 14 pages factors in the business’s ethical guidelines has a significant impact on the ability of the business organisations to perform well on the long term basis. In this report the Samsung Electronics’ ethical issues are studied along with the importance of the business ethics and Corporate Social Responsibility (CSR) practices adopted by the business organisations. The upcoming sections of this report present information about the meaning and importance of

Ethics in Business Research

767 words - 4 pages your fellow students' postings. This interview describes author Elizabeth Buchanan’s views about research on virtual business. In the beginning, she defines the overall ethics of virtual research and it is importance. Buchanan says ethics of virtual research takes classical principles of research ethics, goodness, justice, and honor for persons and places them in virtual empires, Internet intervened places like 3MUDs, chat rooms, Moos

Ethics in Business

519 words - 3 pages ASSIGNMENT-1 Ethics in business research Ethics in Business Research Ethics are the values or standards which are required in the organisation so that members of the organisation can represent themselves correctly or appropriately in the organisation and, besides that it also determines their relationship with other people. There are certain norms and ethical codes that an organisation might opt for

Business Ethics in Infosys

1353 words - 6 pages governance and morality in business he told the audience “We follow one principle – the softest pillow is a clear conscience”. Later, he was quoted on this many times by senior government ministers and business leaders - such was the impact of his communication of ethics and leadership. I cannot recall if at the same time he quoted Mahatma Gandhi who urged us to “be the change you want in the world” which is one of the great ethical exhortations of the

Ethics in Business

4548 words - 19 pages Debate, online) The impact of ethics on business needs to be seen as positive. Corporations that are purely profit driven will not see this positivity as they perceive that ethics limits them to do business as they wish. One thing they must bear in mind is that consumers are more savvy and educated now and respect organizations that practice business in an ethical way and support these organizations wholeheartedly. Ethics drives business to

Ethics in Business

2353 words - 10 pages Ethics in Business From a business perspective, working under government contracts can be a very lucrative proposition. In general, streams of orders keep coming in, revenue increases and the company grows in the aggregate. The obvious downfalls to working in this manner is both higher quality expected as well as the extensive research and documentation required for government contracts. If a part fails to perform correctly it can cause

Ethics in Business Casen

1986 words - 8 pages was spent for the advirtising in Malu were spent in vain the other problem which could be mentioned in there is that she will need to write a new marketing plat for “Gold” brank and she will need to spend more time and money resources and most likely she will experienced a huge difficulties. The main problem, which will exist in the second alternative, is a problem of Fiona’s morality and ethics understanding in a business vision. The

Business Ethics in Buddhism

4614 words - 19 pages Donald K. Swearer. Ethics, Wealth, and Salvation: A study in Buddhist Social Ethics, Univ of South Carolina Pr, (1993): 58-269 Field, Lloyd M. Business and the Buddha: Doing Well by Doing Good, Wisdom Publications, (2007): 147-222 Iwao Taka. Business Ethics: A Japanese View, Business Ethics Quarterly, Vol. 4, No. 1 (Jan., 1994), pp. 53-78 Yoshio Maruta. Business Ethics, Eastern Style, Journal of Business Ethics. , (Apr 2002) pp. 1571-1577

Related Papers

Importance Of Ethics To Business Success

844 words - 4 pages . Another example of a company that became very successful by reason of ethics it emphasized is Boeing. It was established in 1916 and it became very prominent in the business during the Second World War. It is the world’s largest producer of commercial aircraft. William Allen took the reins at the end of the Second World War. He faced a formidable challenge of transforming Boeing from a wartime producer to a peacetime manufacturer. He drew a list of

The Importance Of Professional Values And Ethics In Success

1180 words - 5 pages The Importance of Professional Values and Ethics in Success Lindsay Moss Gen/200 March 28,2011 Donna Baker The Importance of Professional Values and Ethics in Success Professional values and ethics play an important role in success. An individual’s values and ethics determine how a person will apply those values in a professional atmosphere. If there is respect for others in the personal life that respect will likely carry over into

Define Ethics? Discuss The Importance Of Ethics To A Designer

775 words - 4 pages Define ethics? Discuss the importance of ethics to a designer. Designers, due to their field of work, are in a position where they can influence society. The design industry has proven to be ever evolving. Over the years designers have opted from being more business minded, rather than choosing to be more social minded in their work. This mentality was adapted by designers to satisfy their corporate clients, who used the talents of designers

Importance Of Ethics For The Overall Success Of An Undergraduate Student

555 words - 3 pages Role of ethics is so important for the overall success of an undergraduate student. Though ethics are not practiced like rules and regulations or law and order but it plays a major role in the society. According to Oxford Dictionary the word ethics is described as a set of accepted norms or values that enhances the quality of work and safe guard dignity of a professional. If someone doesn’t stand along with ethics, it never becomes a punishable