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Ethic Issues Paper

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Ethic Issues Paper

MGT/216 Organizational Ethics and Social Responsibility

08/31/2010

Cindy Joseph
Ethic Issues Paper

What are business ethics in today’s world? What ethical issues within today’s business environment affect our community and organizations? These topics will be addressed in the following paragraphs. Before one can begin to address ethical business issues that affect our community and organizations, one must first define what business ethics are. Business ethics as defined by Trevino and Nelson (2007), as “the principles, norms, and standards of conduct governing guidelines for work-related conduct, governing an individual or group” (p. 13). Guidelines established by employers to manage their employees (Trevino & Nelson, 2007). In essence, these guidelines are established to manage the employee’s expectations in the workplace. These guidelines can be as simple as what time to arrive and depart from work to more complex issues, such as managing internal relationships or how to deal with specific conflict of interest issues, especially when in a position of influence. In the advertising industry, where I have worked for the last eight years, there are many ethical issues that through the normal course of business, one must confront and successfully manage. Three issues that I believe to be at the top of the list are conflict of interest, ethics relating to accounting and moral ethics regarding products advertised. Conflict of interest is an aspect of the advertising industry that many advertising professionals must learn to successfully manage. For example, when part of your job is to influence the media purchased for a specific account or group of accounts, the purchasing budget for this type of channel can run well into the millions of dollars. These types of financial commitments can open doors and accelerate promotions for those...

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