Essay on business ethics

Document Type:Essay

Subject Area:Business

Document 1

Unethical business behavior doesn’t necessary mean the act is illegal. In a business environment, ethics govern decision making, examine action and employee behavior. It monitors and judges whether a company’s actions are correct or wrong. By doing so, business ethics discourage immoral behavior. Ethical standards of a business forms its culture, influences staff’s working spirit, create the necessary image to the public and ensures customer loyalty (Trang, 2015). In cases where the company offers no clear ethics model, employees and managers exhibit poor ethical acts. A company’s code of ethics and policy manual should communicate required ethical standards, as well as, consequences for bad decisions. Further, unethical culture enhances the rise in business unethical acts. A company’s culture consists of the shared values and norms among its staffs.

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Influenced by the apex management down the leadership structure, a firm’s ethical nature is formed established. Lastly, ethics management should be integrated with other practices of management. This can be realized by including preferred ethical values in value statement at the time of strategic planning. In conclusion, ethics govern decision making, examine action and employee behavior within a business environment. Ethical standards of a business forms its culture, influences staff’s working spirit, create the necessary image to the public and ensures customer loyalty. According to research, among the high ranking ethical challenges managers’ face are; inappropriate rewarding, staffs conflicts of interest, sexual harassment and unauthorized payments. https://www. chronicle. co. zw/unethical-business-practices-rise/ Jamnik, (2017). THE CHALLENGES OF BUSINESS ETHICS: THE BASIC PRINCIPLES OF BUSINESS ETHICS - ETHICAL CODEX IN BUSINESS.

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