Ethical and Moral Issues in Business
Moral and ethical issues greet us each morning in the weekly paper, meet us at our jobs, and bid us good night on the nightly news. We are faced with the rights of the homeless and abortion, and sexual morality. Dealing with these moral and ethical issues is confusing particularly when people are trying to think through an ethical issue and defining what questions to ask and what causes should be reflected.
The difference between ethics and morals can seem slightly logical to many. Morals describe individual character, while ethics stress a social system in which those morals are related. In other words, ethics point to principles or codes of behavior accepted by the group to which the individual fits. So while an individual’s moral code is normally unchanged, the ethics he or she practices can be other-dependent.
An example of ethical and moral issue would be the ex-mayor of Detroit, Kwame Malik Kilpatrick. He used ...view middle of the document...
A personal code of ethics is an essential element to attain achievement or overcome hardship. In the absence of guidelines, it's hard to hold oneself responsible for poor decision-making or bad conduct. A personal code of ethics must have a certain dedication. In most cases, it is used to amend or remove an unnecessary action. In other example, it is used to help accomplish goals, such as creating a successful business. Having an individual code of ethics makes it effortless to concentrate on goals. A written code of ethics can be adjusted as a person matures quicker in becoming who they are trying to be. It can be discussed regularly to assess accomplishments and discover parts where advancement is required.
Business ethics can be defined as written and unwritten codes of beliefs and values that manage choices and actions within a company. In the business world, the company’s value sets standards for defining the difference between good and bad choices and behavior.
In the most basic terms, a definition for business ethics boils down to knowing the difference between right and wrong and choosing to do what is right. The expression “business ethics” can be used to describe the actions of individuals within an organization, as well as the establishment as a whole.
An example of business ethics is when Martha Stewart was implicated in insider trading. That is when an individual wrongly utilize classified figures to promote investments (stocks, bonds, etc.) to an unsuspecting community. Martha’s inheritance is still unknown. We should thank Martha for teaching us not only how to make our homes look cleaner, but also that being ethical pays off in the long haul.
We go through our entire life learning about ethics and morals. We are taught at a very young age the difference between right and wrong. Those values play a significant part of everyday life whether at home or at work. Without ethics or morals in our lives, we would be lost in this world among nonbelievers.
Difference Between Ethical and Moral Issues. (2003-2011). Retrieved from http://www.wisegeeks.com
Hubpages/hub/ethics-martha-stewart. (2011). Retrieved from http://www.hubpages.com
www.ehow.com. (1999-2011). What is a Personal Code of Ethics? Retrieved from http://ehow.com