...Ethics Awareness Inventory . Ethics Awareness Inventory Ethics awareness inventory is an opportunity for individuals to learn about themselves as well as how others approach ethical decision making (The Williams Institute for Ethics and Management, 2012). “Ethics awareness inventory is designed to assist individuals with achieving specific objectives enabling an individual to understand and care about what is right or good, compare, and decide alternatives, form opinions about actions morally appropriate to take, and acquire the skills to justify decisions or ethical grounds” (The Williams Institute for Ethics and Management, 2012, p. 1). Understanding the importance of an individual’s own personal ethical perspective is an important area that individuals should be aware of and understand as well, the relationship between personal and professional ethics are also areas important to be aware of and understand. The ethics awareness inventory consists of four categories of ethical thoughts used to determine the profile of an individual, which should reflect the individual’s beliefs. After taking the multiple question inventories it is apparent that the ethical profile most closely aligned to is (O) obligation, and the ethical profile least closely aligned is (E) equity (The Williams Institute for Ethics and Management, 2012). The ethics perspective of (O) obligation, “individuals who most closely aligned with obligation tend to base his or her ethical perspectives on an...
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...Business Ethics: The Responsibilities of Employees and Employers Debra J. Scott Columbia Southern University Business Ethics: The Responsibilities of Employees and Employers Ethics are an extremely important aspect of every successful business; they are crucial on the end of the employer as well as every employee. Employees and executives need a clear definition of business ethics and a clear explanation of the significance of ethics in relation to the position and to the business as well. It is shown to be beneficial to employees and executives to use a decision making process in the development of making important decisions; there are many approaches as well as many consequences to making ethical decisions. Good ethics start with the employer and how they handle and execute their ethics and provide a good working example for their employees. There are many viewpoints on what ethics are, especially in relation to business, “Ethical obligations are a set of “ought to” standards that define a moral course of action and draw a line between right and wrong” (Lohrey). Business ethics can be comprised of written and formal guidelines in relation to an organization’s morals. Many businesses use their code of conduct or credo as their guidelines to communicating their organizational ethics, “Business ethics manifests both as written and unwritten codes of moral standards that are critical to the current activities and future aspirations of a business organization. They can differ...
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...RUNNING HEAD: THE IMPORTANCE OF ETHICS IN THE BUSINESS WORLD BY Marie J.Lucel MAN 2604 International Business Submitted to: Professor McFarlane Donovan Department of Business Administration Broward College North Campus Coconut Creek, Florida April 01 , 2013 The Importance of Business Ethics in International Businesses Abstract Keywords: Business ethics, corruption, human rights, conducts employment practices, environmental regulations, conflicts of interests, General Policy and Procedures, and moral obligation of the multinational organization. Introduction Businesses are faced with very real ethical dilemmas where the appropriate course of action is not really clear. Some of these are the ethical obligations of a multinational corporation toward their employment conditions, human rights, environmental pollution .Understanding the nature of ethical problems and deciding what actions to pursue when confronted with .Ethical problems frequently occur in International Business. Basic human rights are not accepted in international business, which include freedom of speech, freedom of assembly, freedom of movement, freedom of political repression and so on. In international corruption is so widespread in some countries that politicians and bureaucrats regard it as a benefit of office and openly as break laws against corruption. Corruption is seen and treated as illegal, and when discovered, violators are punished by the full extent of the law. In some countries...
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...REPORT The Importance of Ethical Decision Making WGU Toy Company A decision with ethical concerns is significant and comes with greater consequences than ordinary, everyday decisions. Key to ethical decision making throughout the organization is providing a written code of ethics for your business. By having a written code of ethics the importance and value of knowing right from wrong behavior is emphasized. This provides an atmosphere where moral values and principles are a priority. Instead of having employees unsure about making decisions, these written ethical principles deliver guidelines to maintain consistent and appropriate decisions. Having a code sets the tone and drives expectation for its use. It makes it clear that your company wants you to make the ethical choice, and they will support and defend you when you do. Another key to ethical decision making is training. This integrates the ethics code into the workplace. “These should be embedded as part of the culture in the organization” (Abdullah, 2013). Providing employees with tools for critical thinking and good decision making empowers employees from the very start. Training creates recognition for ethical issues and provides guidance for finding and making an ethical choice. It prepares employees for forward thinking to handle unanticipated situations and face new problems. It reinforces the significance of every employee’s responsibility to uphold the company’s principles. It gives the employee a...
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...BUSI610: Organization Design and Business Ethics Mitzi N. Harvey Liberty University Abstract This literature review examines the concepts of business ethics and how it is related to the organizational design of a corporation. The first section of this review defines the concepts of business ethics and organizational design to establish their meaning and use throughout this paper. The second aspect of understanding the relationship between business ethics and organizational design comes from understanding how and/or why ethics is important to organizational design. This will illustrate any underlying influences ethics has on business structure and design. The third section of this paper reviews and groups the literature found linking ethics and organizational design. Literature is grouped together based on the similarities found in authors’ opinions, research and/or results. The next section discusses the ideas of micro and macro ethics; first defining them, illustrating the differences and then explaining how they come into play when examining the link between ethics and design. The following sections of the review, provides examples of formal organizational structures, ethical programs, and the ethical decisions that impacted them. Finally, in the conclusion of the review it summarizes the relationship between business ethics and organizational design, how this relationship impacts business, and what this means for business managers. Introduction To sustain...
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...BUSI610: Organization Design and Business Ethics Mitzi N. Harvey Liberty University Abstract This literature review examines the concepts of business ethics and how it is related to the organizational design of a corporation. The first section of this review defines the concepts of business ethics and organizational design to establish their meaning and use throughout this paper. The second aspect of understanding the relationship between business ethics and organizational design comes from understanding how and/or why ethics is important to organizational design. This will illustrate any underlying influences ethics has on business structure and design. The third section of this paper reviews and groups the literature found linking ethics and organizational design. Literature is grouped together based on the similarities found in authors’ opinions, research and/or results. The next section discusses the ideas of micro and macro ethics; first defining them, illustrating the differences and then explaining how they come into play when examining the link between ethics and design. The following sections of the review, provides examples of formal organizational structures, ethical programs, and the ethical decisions that impacted them. Finally, in the conclusion of the review it summarizes the relationship between business ethics and organizational design, how this relationship impacts business, and what this means for business managers. Introduction To sustain...
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...Walter Alston Midterm Portfolio Assignment Mr. Simon February 28, 2011 Logic & Reasoning Ethical business practices include assuring that the highest legal and moral standards are observed in your relationships with the people in your business community. This includes the most important person in your business and your customer. Ethical decision making in today's business and personal world, ethical decisions are made on a daily basis. Most of these decisions are based on company ground rules. The others are based on personal ground rules. All decisions can have a number of ground rules that help us determine whether our decision is ethical or unethical. In the following paragraphs I will discuss the impacts of ethics on decision making. Ethics is a standard that tells us how we should behave. It is based on moral duty and includes a code of values that guides our choices and actions. No person with a strong character lives without such a code. A reputation for ethical decisions builds trust in your business among business associates and suppliers. Strong supplier relationships are critical to a successful business. Consider the problems you might have if you could not supply what the customer needs at the time that they need it. The entrepreneur is the role model for myself in my future success. If your behavior includes lying to customers, taking money out of the cash register, or taking home some of the inventory or supplies, you cannot be surprised if your...
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...Ethics MGT/498 November 19th, 2012 Dr. Tug Gokaydin, Ph.D., MBA, PMP, CISA, CISM Introduction to Ethics Ethics is known to be a moral philosophy; it involves systematizing, defending, and recommending concepts of right and wrong conduct. Business ethics reflects the philosophy of business, one of whose aims is to determine the fundamental purposes of a company. Company's that’s purpose is to maximize shareholder returns, then sacrificing profits to other concerns could be a violation of its fiduciary responsibility. The role of ethics in business and the social responsibility as it relates to the strategic plan should satisfy the needs of the stakeholders ("Ethics", 2012). The Role of Ethics in Business Making decisions in business is critical and being ethical when making those decisions is vital to the integrity of the company and the individuals making the decisions. There are many ethical theories to choose when making decisions. Moral systems give a unique perspective on situations and can help to predict the outcome of a decision. Managers and business owners should consider various schools of thought when ethically making decisions. The function by identifying the consequences of each action, not only for the person taking the action, but for everyone else involved. The effects of the decision by mentally calculating and weighing the costs and benefits to the company or department affected. Look at the benefit to establish solutions that...
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...| UCSI UNIVERSITYFACULTY OF BUSINESS AND INFORMATION SCIENCE (FoBIS) | Teaching Plan 1. | Unit Code &Unit Title: | BB219 Management Ethics | 2. | Course of Study: | Bachelor of Business (Hons) Business Administration | 3. | Year of Study: | Year 2, Semester 2 | 4. | Year and Semester: | Semester May, 2015 | 5. | Credit Hour & Contact Hours: | 3 credit hours Lecture: 21 Hours Tutorial: 21 Hours Practical: | 6. | Lecturer: | Associate Professor Dr Intan Osman Email: Intan@ucsiuniversity.edu.my | 7. | Tutor: | Associate Professor Dr Intan Osman | 8. | Mode of Delivery: | LectureTutorial | 9. | Objectives: | * To provide students with a valuable source of reference on issues surrounding corporate misconducts and ethical principles and theories * To provide an understanding of how ethical theories can be applied in everyday individual and corporate undertaking. * To develop students’ appreciation of how an ethical manager may influence or drive a company towards being a responsible corporate entity. | 10. | Learning Outcomes: | Knowledge * To gain the background information on ethical principles and theories * To link the day-to- day events and issues faced by corporate to ethical dilemmas * To develop a strong appreciation of a range of significant issues, and case studies which demonstrate ethical dilemmas faced by large and small corporations * To select and apply theories...
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...Ethics Reflection Paper STR 581 April 15th, 2015 Ethics Reflection Paper Ethics are important guidelines for all organizations to establish. Ethics drive an organizations culture and a lack of ethics can lead to very negative results. When describing ethics simply it can be defined as what is considered right and wrong. An organizations ethics should be clearly defined for all of its employees. Managers and leaders should always lead by example in making decisions that do not conflict with the organizations ethical principles. Establishing ethics can often times be much easier then actually living them. All organizations should be steered by a strategic plan that considers all the stakeholders involved and affected by the organization. This plan should be available to all employees. Furthermore all leaders in the organization should base their decisions on supporting and furthering the strategic plan. In the formation of a strategic plan both ethics and social responsibility should be heavily considered. Social responsibility can be defined as the responsibility the organization has to the greater good of the overall society that it operates in. While profits are always the main goal of an organization it cannot be the only driving force of an organization. This would lead to immoral and unethical decisions, which will ultimately result in a lose-lose scenario for both the organization and society as a whole. Strategic plans should consider all the stakeholders’ needs...
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...THE IMPORTANCE OF ENGINEERING ETHICS POSTED BY RIANON POSTED ON 29 - JUN 0 COMMENTS If you order your research paper from our custom writing service you will receive a perfectly written assignment on The Importance of Engineering Ethics. What we need from you is to provide us with your detailed paper instructions for our experienced writers to follow all of your specific writing requirements. Specify your order details, state the exact number of pages required and our custom writing professionals will deliver the best quality The Importance of Engineering Ethics paper right on time. Out staff of freelance writers includes over 120 experts proficient in The Importance of Engineering Ethics, therefore you can rest assured that your assignment will be handled by only top rated specialists. Order your The Importance of Engineering Ethics paper at affordable prices with livepaperhelp.com! “The Importance of Engineering Ethics” It is critical for an engineer to maintain an ethical reputation within his/her engineering career. The main principles that an engineer should work and live by are “to hold paramount the safety, health, and welfare of the public, perform services only in areas of their competence, act for each employer or client as faithful agents or trustees, avoid deceptive acts, and conduct themselves honorably, responsibly, ethically, and lawfully so as to enhance the honor, reputation, and usefulness of the profession” (NSPE Code of Ethics 1). It is the...
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...Importance of Ethical Decision Making Introduction In a company, ethical decision making is very important and required because it’s a strategy to face and resolve all different dilemmas that all the levels and departments of the company may encounter. In our current toy company, ethical decisions making is essential and required to face and resolve all different types of obstacles. But first, I need to take a step back in explaining the core meaning and attributes of an ethical decision making, In order to best understand the purpose of this particular report. Purpose The purpose of this report is to provide and discuss two strategies that the toy company could utilize to ensure that ethical decision takes place in all levels and departments of the company. Creating and introducing a “code of ethics” for the toy company would be the very first implementation. This would serve as an employee manual and guide as to doing things and managing company products and manufacturing. Employees are more liable to follow regulations when there is a standard that is required of all that is employed by the company. Secondly the company must higher “Compliance managers” whose responsibility is to strictly monitor and guide employers, department by department oh how to hold a higher standard of operation and product. It is of the highest importance for the company to constantly produce products with integrity and reputation in mind therefore having a certain set of people roaming the facility...
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...BUSINESS ETHICS BE TAUGHT? “It takes 20 years to build a reputation and five minutes to ruin it” claims billionaire Warren Buffett. “If we think about that, we will all do things differently.” Bernie Maddof and Martha Stewart had their reputation permanently ruined in the business world due to poor business decision making, likewise their involvement in financial crime and unethical business practices. If the above mentioned people had the opportunity of turning back the hands of time, they would have done things differently and be more ethical in their business practices. Sarbanes-Oxley Act of 2002 is a United States federal law that set new standard for ethical business practices for all U.S public company boards, management and public accounting firms. The bill was enacted as a reaction to a number of major corporate and accounting scandals which cost investors billions of dollars. Many experts think business Ethics can be thought and examined in business schools, but the question is, is it possible to enforce or instill the act of doing right things and making right decisions at all times in the business world? Ethics is a branch of philosophy dealing with values relating to human conduct with respect to the rightness and wrongness of certain actions and to goodness and badness of the motives and ends of such actions. Where as, Business ethics is the study and examination of moral and social responsibility in relation to business practices and decision-making in business...
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...Ethical Decision Making Ethics are principles that define behavior as fair and proper and they are concerned with how a moral person should behave when it comes to making an ethical decision (Josephson Institute of Ethics, 2002). Evaluating and deciding among competing options is often key in making a fair choice since principles do not always dictate a single "moral" course of action. The decision of whether to lay off workers to enhance profits or to cut corners on quality to meet a deadline are examples of some choices regarding ethics business owners may face (Poznak Law Firm, 2003). The use of extremely low-wage foreign workers, like in the Nike organization case, is a current concern and the subject is a complex one. There are many valid differences of opinion regarding what constitutes ethical behavior and how ethical decisions should be made and the subject is a complex one (Poznak Law Firm, 2003). There are always pros and cons involved with any choice and the decision itself can be quite time consuming. When it comes to deciding whether or not to use cheap labor to cut costs, businesses must examine the ethics behind their decision-making processes. Four approaches that business owners commonly use to analyze ethical dilemmas are the utilitarian approach, which focuses on taking the action that will result in the greatest good for the greatest number of people; the moral rights approach, which is concerned with moral principles, regardless of the consequences;...
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...Create Your Own Ethical Framework We confront moral dilemmas daily in our personal and professional settings. In the process of making these ethical decisions, some truly life-altering, it is beneficial to have in place a well-grounded moral system or “ethical framework”, to help guide us in making our everyday decisions, both as professionals and in our private and social lives. The ethical stance that best fits my moral compass is teleological, specifically, utilitarianism, which holds “that an action is right if it promotes the maximum good” (Reamer 2006, p. 66). Teleological moral systems are characterized by a concentration on the consequences of any action. According to this position, in order to make the proper moral choices, a person must first attempt to establish what the results of their choices will be. If the consequence of their choices result in the right outcome, then the action is considered moral; if the consequences of their choices result in the wrong outcome, than the action is considered immoral. Social works ethical standards have evolved into a comprehensive guide detailing ethical practice and are found in the National Association of Social Workers Code of Ethics (National Association of Social Workers (NASW) 2008). A profession’s openness to establishing standards that will assist practitioners in monitoring their conducts correctness is can be seen as a sign of true professional competence. These standards are created to highlight those ethical issues...
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