Governance and Business Ethics

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Table of Contents
Introduction........................................................................................................................3

What have I learned throughout the trimester?.............................................................4

What were the main topics that I covered?....................................................................4

What Issues I had..........................................................................................................4

How I had performed......................................................................................................5

What I can still improve..................................................................................................6

Conclusion.........................................................................................................................7

References.........................................................................................................................8

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Introduction
The topic of business ethics is the adaptation to the context of the economic operation
of ethical concepts. Humanity, unity, and honesty are the core principles. The rationale
of moral tenets comes from the effects on other citizens and the world of economic
activity (Simpson and Taylor, 2013). Social justice and sustainability are the criteria for
this. Market integrity is not responsible for designing guidelines. However, this reflection
report is meant to direct these conversations utilizing constructive reflection, evaluative
approaches, and critical assessments (Boud, Keogh and Walker, 2015).

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 What have I learned throughout the trimester?
I have learned throughout the trimester that ethics can be segmented into separate
subcategories. Ethics was classified into analytical and moral ethics as a philosophical
discipline. In relational ethics, the issue of how people conduct is resolved by regulatory
ethics. Normative Ethics can be subdivided into material and formal ethics as the most
emerging development of practical philosophy. Material ethics believe that particular
principles and ideals originate from personal convictions or owe themselves to societal
experience to guide people's behavior (Simpson and Taylor, 2013).

I have been pretty convinced that structured ethics does not, on the other hand,
prescribe precise content criteria to extract the structured-procedural concepts of
discussion, which only illustrate how mechanisms of ethical contemplation should be
applied. In the final phase, I have learned that ethics can only achieve inter-subjective
truth if it is not based on customs and religion-induced rules. Still, the normative value
may be decided in dialogs or discourses by persons using procedural rules (Mandal,
2012).

What were the main topics that I covered?

The primary learning of Business Ethics and Corporate Governance have offered me
guidelines on the ethical standards that can guide me, as a decision-maker, to take
proactive steps to deal with various norms and values linked to any situation (Das
Gupta, 2010).

Moreover, discussion on cultural and traditional dimensions of corporate ethics has

increased my awareness of the value of establishing systemic and organizational
institutional environments for corporate ethical reflection. A vigorous debate on business
ethics took place in the classroom that was centered on these underlying concepts
(Simpson and Taylor, 2013).

What Issues I had

The first issue that I had to face was to create a balanced understanding of the versatile
paradigms of governance and business ethics. The connection between ethics and

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governance is addressed differently by several approaches. However, I assumed that
there is a consensus that business integrity is essential, provided that entrepreneurship
still has a legal component, aside from economic operation (Boud, Keogh and Walker,
2015).

Secondly, it took me long to comprehend that all judgments are influenced by human
beliefs and principles that are formed by decision-makers as "political bias." This
interesting paradigm pointed me towards a departure for a guided moral contemplation.
They affected my research, literature review, information collection, and assessment of
the evidence that precedes a particular decision in the whole decision-making system
(Copland and Knapp, 2006).

Thirdly, I had to face some variations in the learning process with my co-learners. The
point I had failed to make them understand that it also comes up against skepticism in
practice that a morally flawed action entails financial risks and has detrimental economic
implications for corporations to claim ethical responsibility. Many economists pointed out
that moral reasoning is an ambitious concept in capitalism, also in the area of
economics, and emphasize benefit (Mandal, 2012).

In the end, we concluded that the limit of earnings enhancement relieves businesses of
legal liability, according to Neo-classical interpretation. Since the object of
entrepreneurship has become a new business philosophy, profit remains an essential
requirement for ensuring the ongoing life of the organization (Copland and Knapp,
2006).

How I had performed

I considered the method of note-taking to be useful because it meant that I understood
and decoded information attentively. Not all of the material I gathered was significant,
but it was clear what I noticed was valuable for me to have a re-reading summary. The
authenticity of the observations may be doubtful, however. The records, for example,
were not a straightforward transcription of the topics but consisted of specific or
informative facts (Stoll and Louis, 2007).

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The most apparent factor I noticed was the value of working as a collective. When time
and money are scarce, I have found that effective coordination is a prerequisite for
design success. Because everyone had their own opinions, many various views could
be created, and the energies of community interaction made it more exciting for me to
participate (Das Gupta, 2010).

What I can still improve

I liked the unit very much. I only wish the entire University had more resources to
develop such a resource base because only tiny sums were included. I don't believe
that GBE has such a priority on it at college when it is a responsibility to everyone
alongside literacy & numeracy. I think like this should be more streamlined since many
professionals depart with so little knowledge/awareness. I am happy to take the step
because now I feel more secure in teaching in those places I have been quite dazzled
by before (Stoll and Louis, 2007).

Organizational learning requires an organization's ability to find and undo mistakes and
adjust its corporate meaning and knowledge base to allow for new problem-solving and
intervention skills. I have planned to improve my learning in those essential aspects.

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Conclusion
I have to decide if I can deal with a particular decision before considering an unethical
action or judgment. The crucial role of most corporations is definitely to be successful.
People will still explore opportunities to exploit and take advantage of the mechanism so
that they get the most remarkable result for themselves. Being ethically right is thus
something which is, in fact, not done by almost any activity. The last thing I have
learned from the unit is that it is immoral not to be ethical if it is not the entire scheme. In
professional athletics, the case is similar. It would be legally considered as permissible if
doping was allowed, and everyone would do so.

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References
Boud, D., Keogh, R., and Walker, D., 2015. Reflection. London: Taylor & Francis Ltd.

Copland, M., and Knapp, M., 2006. Connecting Leadership With Learning. Alexandria,
Va.: Association for Supervision and Curriculum Development.

Das Gupta, A., 2010. Ethics, Business And Society. Los Angeles: Response Books.

Mandal, S., 2012. Ethics In Business And Corporate Governance. New Delhi, India:
McGraw Hill Education.

Simpson, J., and Taylor, J., 2013. Corporate Governance, Ethics, And CSR. London:
Kogan Page.

Stoll, L., and Louis, K., 2007. Professional Learning Communities. Maidenhead:

McGraw-Hill/Open University Press.

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