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Value of ethics in a business
Importance of social responsibility to a business
Value of ethics in a business
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Modern day businesses have to be socially responsible; actions are taken to satisfy customers who might have a cause that they care deeply. Social responsibility occurs when a person or a company acts in an ethical and sensitive way towards important social issues of the day such as economic, environmental, and cultural concerns. Many businesses have a section of their website or business literature dedicated to social responsibility. Companies proudly detail the steps they are taking to address concerns that people have with the environment and economic issues. Having companies act in a socially responsible way is necessary because their actions have a tremendous positive impact on society.
Also, companies should be careful with margining with others and achieving too much power. Second, a company should be careful from working secretly with other companies (conspiracy) to not prevent and limit transporting, producing, manufacturing, etc., from others. Third, a business should be careful when dealing with consumers. The business must see its costumers as even and give them the same deals and offers as it gives to other consumers. The business must see his competitors as even and not prevent their mutual clients from not buying goods from them.
• It is important for Antone Displays to record and maintain clear records regarding their internal and external operations especially in regards of their environmental and employees policies to avoid any legal issues (Antone Displays, 2010). Ethical • The main issue that the service companies face in the UK service sector includes the pattern of their marketing policies that increases the knowledge of their work among people. • There are limited sources to explain the ethical limits to the company however, it is important for Antone Displays to maintain their marketing and working policies to avoid any ethical issues in their business (Antone Displays, 2010).
From watching the class recording, what really got me is ethical leadership. Based on the case of Volkswagen, Wells Fargo, Epipen and many others, I think the similarities between these leaders are that they are purely greedy and I feel they have a bit of 'a sociopath ' in them - lack conscience. It amazes me how they do not have a sense of repentance in them at
Sound business ethics promotes the interests of all stakeholders including consumers by ensuring
Prioritizing Ethical Concerns forthe Australian Marketing Research Profession “If you do not act with integrity … you are not likely to enjoy the kind of reputation that will keep good people in your employ, or keep customers coming back for your products or services.” – John Ralph. Often businesses involve in unethical and corrupt behavior towards others are found to be giving statement such as “it’s nothing personal, it’s just business”. For many, this statement justifies any wrong doing to another because it’s rationalized in the accumulation of wealth.
Government regulations serve many purposes among them to promote and maintain fairness in the marketplace. However, at times, the effects of this regulations do not match the intend of the regulation. This discrepancy can lead to an overburden on certain groups and further complications of the regulatory structure and the industry it is suppose to help. Nonetheless, in any civil society, where the government is supposed to put the needs and the safety of the people ahead of any other, the need for regulating and, in essence constraining, certain behavior or business practice is a necessity.
This brings forth the question of what makes a fair balance between satisfying one’s personal benefits and carrying out collective commitment towards our environment as a consumer? Although we are pre-occupied by our busy lives and want to save time, we should not forget our responsibility in being a good corporate citizen
1. Introduction – ethics – what are they? Ethics (or moral philosophy) is the kind of philosophy that define concept of right or wrong conduct. In practice, ethics try to resolve questions of human morality, by explaining concepts of good and evil. Ethics, culture, morals – are bind together, they are embedded.
4. Agreeableness (i.e., pro-social tendencies such as trust, compliance, and modesty): tendency towards altruism, trust, and sympathy reflects the tendencies to be kind, gentle, trusting, honest, altruistic, and warm (Goldberg, 1990; McCrae and Costa, 1987) leaders high on agreeableness deal with maintenance of social relations (Jensen-Campbell and Graziano, 2001). sensitive to the needs of subordinates ethical leaders are described as caring, altruistic, and concerned about the welfare of employees, and therefore, agreeableness is expected to relate positively to ethical leadership (Kanungo, 2001; Trevin˜o et al., 2003). caring and emphatic to others.
Why is ethical leadership more important than ethical codes of conduct? Some people may think that ethics code of conduct is enough to create an ethical organization. Code of conduct does not enough to create ethical organzation because of the nature of the relationship between leaders and followers. First premise, leaders influence followers.
• Ethical Responsibilities Even though economical and legal responsibilities exemplify about fairness and justice, ethical responsibilities cover those activities and practices that are expected or prohibited by members of society even though they are not codified in law. Ethical responsibilities represent those norms, standards or expectations that reflect a jest of what employees, consumers and shareholders regard as just, fair or in keeping the protection or respect of stakeholders’ moral rights. They are important to perform in a manner consistent with expectations of societal and ethical norms. The firms should recognize and respect the ethical moral norms adopted by society from time to time.
Introduction Nowadays, ethics and integrity has played a vital role in our daily lives especially in the workplace. Ethics is defined as being concerned with judgements involved in the moral decision, whether it is good or bad, true and fair (Velasquez 1999); whereas, integrity is defined as the honesty and having strong moral principles in reporting. The purpose of this assignment is to find out and understand how importance of ethics and integrity has played in the business and workplace. Responses and Evidences Why compliance with Ethics and Integrity?
The virtue theory, which pursues virtuous principles, strategies and actions, can lead companies to understand their values, including mission, purpose, profit potential and other objectives. Virtuous employees tend to perform their roles consistently and competently in the direction of the company's goals. Virtues are the kind of thing you allow someone to take action to appreciate. Business people increase their likelihood of reaching their values and goals when they reach Objectivist virtues. Virtues emphasize the importance of each employee's valuable contribution.
In today’s contemporary society integrity is what businesses strive for. Businesses strive for integrity because they want to attract more customers whether it be clients or potential business partners. There are many definitions and meanings to the word integrity. According to the Business Dictionary, “integrity is defined as a strict adherence to a moral code, reflected in transparent honesty and complete in what one thinks, says, and does.”
