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

The Role Of Ethics In Business

1065 words - 5 pages

The Role of Ethics in the Workplace
Ron Kebul
MBA 530
September 17.2012

Joseph (2000) noted that leaders who want to establish a practice of positive workplace ethics within their organizations should develop written ethics standards, provide ethics training, and ensure resources are available for employees in need of ethics advice. According to him, the list of potential benefits linked to an effective ethics program includes recruiting and retaining top quality employees, fostering a more satisfying and productive work environment, maintain the trust of employees to ensure continued self regulation, encouraging open discussion of ethical issues, providing ethical ...view middle of the document...

The survey discovered that the employees are also willing to go the extra mile for their organization, making it possible for the company to do more with less. And because they can be counted on to make independent decisions and take action in ways that are consistent with the company’s culture, objectives, and values, they require less supervision and direction and adapt easily to changing roles and responsibilities.
Ethical culture is the extent to which an organization’s ethical standards are given priority and promoted by its management, employees, policies, processes, and decision-making. Basically, the ethical culture for¬mally and informally teaches employees “how things are really done around here.” The more employees see others being held accountable for ethical actions and acting with integrity, the stronger the ethical cul¬ture of the organization will be. In order to assess the strength of an organization’s ethical culture, the Eth¬ics Resource Center has developed indices to mea¬sure employees’ perceptions of their peers, direct su¬pervisors, and senior leadership. Prior ERC research has shown that stronger scores on these indices lead to reductions in pressure to commit misconduct, fewer observations of misconduct, increased report¬ing of observations, and decreased retaliation against whistle-blowers.
The function of the ethics programs are meant to affect how people think about and confront ethical issues that arise on the job. By providing employees with ethics standards, training, and resources to get advice, organizations seek to create a work environment where it is okay for employees to admit that they have an ethical dilemma and resources are available to guide them in dealing with those dilemmas before taking decisions. It is okay to have a structure that mandates people to report instances where someone does something wrong. Ethical guidelines in the form of policies and practices give the employees the basic tools they need to take informed risks on behalf of the organizations. (Joseph, 2000)
The stron¬gest correlations between employee engagement and ethical culture involve the Top Management Culture and Supervisor Culture Indices, which measure em¬ployee perceptions of each group’s commitment to open and honest communication, positive ethical role modeling, and accountability.
Today’s employees recognize that their prospects for con¬tinued employment, career development, and ad¬vancement depend on their companies’ health and...

Other Essays Like The Role of Ethics in Business

Business Ethics and Csr in the Context of Samsung

3341 words - 14 pages BUSINESS ETHICS AND CSR IN THE CONTEXT OF SAMSUNG ELECTRONICS 1.0 Introduction In the 21st century of business, there are number of factors apart from the financial figures that play a vital role for the success story of the business corporations. These factors include the culture adopted by the business, philosophy of the management of the company, code of ethics and standards followed by business. The presence of all of these

The Role of Information Technology in Business Process Reengineering in the Contemporary Business Firm:

2527 words - 11 pages ESAMI EXECUTIVE MBA RESEARCH PROPOSAL TOPIC: The Role Of Information Technology In Business Process Reengineering In The Contemporary Business Firm: A Case Study Of A Leading Bank In Kenya. Prepared by Paul B. Mureithi Reg. No. 5NB100/01 April 2003. TABLE OF CONTENTS |SECTION NUMBER |TITLE |PAGE | |1 |Research

Role Of Social Media In Business

1022 words - 5 pages Social Media plays a vital role in all aspects of businesses nowadays. It has helped in turning communications into interactive dialogues among organizations, communities and individuals which has led to a much proper propagation of information. It may include web based or mobile based technologies and the existence in multiple forms has made it all the more tempting and has become a necessity today in the business world. Social media is one of

Role of Statistics in Business Management

2862 words - 12 pages HRM 2100 – Human Resource Planning Balancing Supply and Demand Considerations Introduction HRP should strive for a proper balance not only between forecasting techniques and their application, but also between the emphasis placed on demand considerations and that placed on supply considerations. Demand considerations are based on forecasted trends in business activity. Supply considerations involve the determination of where and how

The Key Role of a Successful Business

701 words - 3 pages Business productivity can rely on a variety of factors but management of a business plays a key role in how successful any business will or will not be. The four basic functions of all businesses are similar no matter what the business is. Planning, organization, leading, and controlling all serve an important part in achieving management’s vision. Each component is important and one cannot function well without the others (Rothbauer-Wanish

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

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 Research

767 words - 4 pages Week 2 DQ 1 Ethics in Business Research Read the interview with Elizabeth Buchanan on virtual research ethics [Readings in virtual research: Issues and controversies. (2004, January-June).Information Technology Newsletter, 15(1), 22-25.].   You can find this article through the Ashford Online Library.   Write a summary of this interview and add your thoughts on how this affects the business research process.   Respond to at least two of

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

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 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

Related Papers

Business Ethics: The Role Of Culture And Values For

5965 words - 24 pages Research Quarterly Published by the Society for Human Resource Management Business Ethics: The Role of Culture and Values for an Ethical Workplace FOURTH QUARTER–2009 Whether in domestic or global companies, ultimately, the commitment to business ethics and the foundation is built through organizational culture, with ethical values reflected in the workplace. Business Ethics: The Role of Culture and Values for an Ethical Workplace

The Role Of Ethics In A Strategic Plan

601 words - 3 pages The Role of Ethics and Social Responsibility in Strategic Planning Organizations and businesses are expected by people in society to behave and act in a way that reflects a social and ethical responsibility of the business. Many stakeholders want what they perceive as an appropriate return on their investments. Companies understand that to be successful, companies have to consider social responsibility and ethics as critical parts

The Importance Of Ethics In Business

1713 words - 7 pages society was controlled by a specific value system (Hulme, 2000) that we do not have in today’s world of living. In current society right and wrong is judged by how one is perceived not by how one chooses to think. Business ethics is the ability to make the right decision in regards to how business is conducted. Trust is built on expectations of work and consistency in behavior, so it is conceivable to be beneficial when someone states one thing and

The Role Of Law In Business

715 words - 3 pages Business and Society Law Kimberly Johnson LAW 421 June 22, 2015 Lisa Johnson Society and Business Law We live in a society where there are rules and regulations surrounding us on a daily basis. No one gives it a second thought to obey the rules of the road or to automatically pay for your groceries at the store. Laws are in place to ensure a peaceful existence for all of society, and to preserve the rights of individual