Business Ethics Paper

In: Business and Management

Submitted By fausto21
Words 612
Pages 3
Business Ethics This is the age of big businesses and people are living in a global economy. Business ethics are important to protect individual rights, and encourage human rights, abide by the law, and protect the environment. Ethics is the principles, norms, and standards of conduct governing an individual or group (Trevino & Nelson, 2006). Business ethics is the written and unwritten rules, standards and policies in which businesses control the actions that occur daily within the organization. Business ethics looks at ethical ideology and moral or ethical problems that occur in a business. Business ethical issues are about fairness, honesty, and respect for others. Three ethical issues within today’s business environment that affect communities and organizations are conflict of interest, privacy of personal information, and harassment, sexual and otherwise. One of the ethical issues that occur within businesses is conflict of interest. Conflict of interest occurs whenever an employee’s obligation or responsibility to the company is compromised by his or her interest. Corporations have policies that permits acceptance of favors from customers who are friends. Some common conflicts of interests are bribes, privileged information, and trading influences. To make sure one does not encounter a conflict of interest one must act impartial and make it look as if acted impartial. Another ethical issue in business is privacy of personal information. People have to divulge personal information to businesses and with information technology it is easy to access individual’s personal information. Access to personal information becomes a threat to individual’s privacy. Businesses have to be very cautious with this personal information and guard the information from unethical people. One’s personal information is ready for confidentiality invasion and other…...

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