ETHICS IN BUSINESSES

ETHICS IS DEFINED AS A MORAL PHILOSOPHY OR CODE OF MORALS PRACTICED BY A PERSON

OR GROUP OF PEOPLE

BUSINESS ETHICS IS THE BASIC UNDERSTANDING THAT IS BEING PERCEIVED BY THE

EMPLOYEES FOR CHOOSING THE RIGHT OR WRONG. IT PRESCRIBES THE INDIVIDUALS
BEHAVIOR IN THE ORGANIZATION OR THE WORK PLACE. BUSINESS ETHICS SHOWS THE
TYPE OF BEHAVIOR THAT AN ORGANIZATION OR A BUSINESS ENTITY SHOULD EMULATE
AND PUT MORE EMPHASIS ON, THIS SHOWS THE IN WRITTEN AND UNWRITTEN VALUES
PRINCIPLES AND CODES THAT THE ORGANIZATION SHOULD ADOPT
Examples of Ethical Behaviors in The Workplace

 Obey The Company’s Rules & Regulation

 Communicate Effectively
 Take Responsibility
 Take Responsibility
• Uphold Trust
Examples of unethical Behaviors in
The Workplace
 Lies
 Taking Credit for Others Hard Work
 Verbal Harassment/Abuse
 Violence
• Non-Office Related Work
• Extended Breaks
• Corrupt Practices
Cont’d

 The issue that, ethics have no place in the business has given the multinational
companies a complex issue in their operations. This is because the decision
making that is aimed at ethics is never profitable as compared to the choices that
do not embrace the issue the ethical element. There has been an inherent belief
that, the nature of prominent and successful businesses sometimes does not
follow the lack of ethics in their visions for better profit making (Alexie, 2006). For
one to be able to come up with this decision there has to be some recognition for
the ethical making processes of many companies and also the reflection on the
fiscal, organizational, and operational implications on the perceived outcomes if
the opposite choices are to be made. On the same issue consideration should be
made on the morality and the progression of the moral behaviors on the business
operations and their implications for the companies to expand to the multinational
levels.
Cont’d

 It is however, perceived that, ethical choices are not always the most
sound business decisions that a company can rely on. For example a
pharmaceutical may discover that they could develop a drug that can
end the sickness of blindness in many people but there will not be any
financial benefit derived from it. In addition to that the costs that were
to be incurred were to be very high (Alexie, 2006). The pharmaceutical
may choose either to recognize a moral suffering and produce the drug
however costly, or on the other hand neglect the moral obligation and
stop producing the drug but produce others that are have a benefit to
the firm.
Cont’d

 According to these two cases the first pharmaceutical did not practice
its obligation of benefiting their stakeholders and also to represent
them in their own interests in the best way so far. This might cause a
conflict between the interests of those outside the corporate structure
and the shareholders, employees and the administrators of the
company. This brings us to be able to understand the underlying reason
as to why the ethical choices are not applied freely in the business
structure of many organizations
Cont’d

 To start with, in the internal organization, the law and the governmental
regulations usually determine the ethical behavior, the stakeholders, that are
external to the firm can also affect the financial status of the business due to
their influence on the firms decision making process. The suppliers,
customers and the stockholders are likely to react directly through the
buying and the selling activities, and this has an impact in that influences
the press, local communities and the society. Therefore, to be able to answer
the relationship between the ethical and financial position of the organization
will require the organization to analyze the measurements of the effects of
the ethical or unethical activities if all groups that affect the organization and
that each and every organization should take a practice that best fit its
corporate and operational structure (Alexie, 2006).
Cont’d

 To be ethic in business or not means that the organizational corporate

structure is able to take consideration and be aware of the possible
consequences of the actions of the firm before they are to take place,
making the reasoned moral judgments about the consequences, and
choosing the actions that are most important to the organizational
structure and that can cause less harm to both parties of the
organizational structure. To be able to do this analysis the corporate
structure should be able to ask itself questions such as what is right
from wrong, what is or what ought to be, how to be able to get out
from what is ought to be, and what is our motivation.
Conclusion

 In conclusion to this issue the determination of immoral judgments or

ethical and unethical issues in knowingly deciding the right decision for
your organization that affects it in the long run (Alexie, 2006). Some
ethical issues can be seen as being unethical to some other
organizations and even to the regulatory authorities. On the other hand
some other unethical issues may be considered to be ethical to the
surrounding community or environment. Therefore, it is basically
important for the organization to try to meet the interests of both
parties of the organization. Profit maximization being the major
concern of any corporate structure should be analyzed keenly for the
determination of the ethical policies that govern the day to day
activities of the firm.