Business Ethics Notes - 3727 Words

A Definition for Business Ethics Business ethics can be defined as written and unwritten codes of principles and values that govern decisions and actions within a company. In the business world, the organization’s culture sets standards for determining the difference between good and bad decision making 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 phrase business ethics can be used to describe the actions of individuals within an organization, as well as the organization as a whole. Business Definition for: Business Ethics a system of moral principles applied in the commercial world. Business†¦show more content†¦Executive compensation: concerns excessive payments made to corporate CEOs and top management. Bribery, kickbacks, facilitation payments: while these may be in the (short-term) interests of the company and its shareholders , these practices may be anti-competitive or offend against the values of society. Cases: accounting scandals, Enron, WorldCom, Satyam The ethics of human resource management (HRM) covers those ethical issues arising around the employer-employee relationship, such as the rights and duties owed between employer and employee. Discrimination issues include discrimination on the bases of age (ageism), gender, race, religion, disabilities, weight and attractiveness. See also: affirmative action, sexual harassment. Issues arising from the traditional view of relationships between employers and employees, also known as At-will employment. Issues surrounding the representation of employees and the democratization of the workplace: union busting, strike breaking. Issues affecting the privacy of the employee: workplace surveillance, drug testing. See also: privacy. Issues affecting the privacy of the employer: whistle-blowing. Occupational safety and health. All of the abov e are also related to the hiring and firing of employees. An employee orShow MoreRelatedA Brief Note On Business Ethics And Social Responsibility1039 Words   |  5 PagesQUESTION 1 1.1.1 Social Responsibility – Social responsibility is the limiting of malpractice through regulation. It is measured by the contribution of a business towards the economy and the employment opportunities. (Erasmus, Strydom and Rudansky-Kloppers, 2015: 9) Employment Equity – Employment equity strives to produce equal employment opportunities for all members of the community. In 1998, the Employment Equity Act became law in South Africa and was designed to eradicate unfair discriminationRead MoreEssay Business Ethics624 Words   |  3 PagesBusiness ethics is the behavior that a business adheres to in its daily dealings with the world. The ethics of a particular business can be diverse. They apply not only to how the business interacts with the world at large, but also to their one-on-one dealings with a single customer. Examples: What would you do? • You are in a head-to-head battle with your arch competitor, Evil Enterprises. One of your co-workers approaches you. He has recently joined your company after having worked for a secondRead MoreBusiness Ethics : Anthony And Dolores Angelini813 Words   |  4 PagesSummary of Case Business Ethics: Anthony and Dolores Angelini entered into a contract with Lustro Aluminum Products, Inc. (Lustro). Under the contract, Lustro agreed to replace exterior veneer on the Angelini home with Gold Bond Plasticrylic avocado siding. The cash price for the job was $3,600, and the installment plan price was $5,363.40. The Angelinis chose to pay on the installment plan and signed a promissory note as security. The note’s language provided that it would not mature untilRead MoreEssay on Emerging Business Ethics Issues914 Words   |  4 PagesStakeholders play a major role in the business arena, they are charged with the responsibility of ensuring their organization is a safe environment not only for themselves but for their employees. In a seemingly competitive and morally flawed world, business people and entrepreneurs are often presented with grave ethical challenges. For this reason their personal values and beliefs play a pivotal role in the success of the organ ization. When concealing doubts about the ethics of others, more than a few tendRead MoreEthics And Ethics Of Business Ethics1200 Words   |  5 PagesEthics meaning in simple way for average person is what is right from wrong. According to Chris MacDonald (2010)† Ethics† can be defined as the critical, structured examinations of how we should behave - in particular, how we should constrain the pursuit of self-interest when our actions affect others. â€Å"Business ethics is the applied ethics discipline that address the moral features of commercial activity (Business ethics, 2008).Working in ethical way in business has a lot of benefits which can attractRead MoreEnron : Year Of Scandal Essay1711 Words   |  7 PagesThe ethical code of conduct is linked directly with the research ethics and this is the major arena that should be highlighted positively in our society in order to enhance potential outcomes. In an organization, it is important to see how work is done by keeping in mind the ethical code of conduct and how it is affecting the society. In the majority of the fields, information security is not directly linked with the security and ethics and this is the reason how it is leading towards various alarmingRead MoreEssay on What is Cheating and Why Cheating is Bad?1219 Words   |  5 Pages Introduction - What is Cheating and Why Cheating is Bad? In this paper, we discuss how academic dishonesty in general and what role if any, the structure and teaching of courses – as a part of business management curriculum in particular – plays, in curbing that dishonesty. Cheating can be defined as any act of academic dishonesty and is encountered in various forms. There has been extensive research [Whitley, 1998] to analyze fraudulent exercises- especially in undergraduate school setting. 72%Read MoreHrtc s Code Of Ethics Essay1083 Words   |  5 Pages HRTC’s Code of Ethics The trust that our clients, communities and our people place in HRTC’s are high standards of ethical behavior. Our Code of ethics guides us, no matter where we are or what we do. It s how we do business. Our Code of Conduct reflects the significant changes in our world, the very nature of our work and how we do business. We are trusted professionals that understand how to continue to behave ethically in all business affairs. That Code is our toolsRead MoreCompany X s Implementation Of A Compliant Ethics Program1170 Words   |  5 PagesThe purpose of Company X’s implementation of a compliant ethics program is to provide structured policy and procedure that will impart a cohesive code of ethics. Including strategic importance of Company X’s, business integrity; image/reputation; perception of stakeholders and the business community and prioritizing practices of social responsibility. In addition, the ethics program should provide expectations of employee conduct while being consistent when the â€Å"norms† of company practices andRead MoreAlahmad and Murphy on Business Ethics Essay981 Words   |  4 Pagesand contrasted were Ala Alahmad’s 2010 article on To Be Ethical or Not to Be: An International Code of Ethics for Leadership and Patrick Murphy’s 2009 article on The Relevance of Responsibility to Ethical Business Decisions. Some key findings of Alahmad’s writings were that ethics and leadership were closely tied together; they were found to be derivatives of one another. He mentioned that ethics is an individual thought process of making good or poor decisions. Alahmad described an international